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John McAfee Pump and Dump

John McAfee Pump and Dump

  • December 24, 2017

John McAfee Pump and Dump Accusations are Running Wild. And they are all unfounded.

You can Google it. You can see it on Facebook. On Reddit. On Twitter. There are rampant John McAfee pump and dump finger pointers and all of them are not to be taken seriously. What we have here is wild speculation and silly assumption with no basis in fact. In fact, a John McAfee insider trading story emerged overnight and it is certainly not credible. But it is comical.

That’s because the author of the piece gets paid on “up votes”. So anyone who agrees John McAfee pump and dump activities are really happening could upvote the article and the author pockets money each and every time. Even the so-called “evidence” presented in said article is highly suspicious. If for no other reason, John McAfee is the grandmaster of online security and is nobody’s fool. IF AND ONLY IF he is being compensated for plugging a coin I doubt he would have such a conversation so easily accessible via electronic means.

John McAfee Pump and Dump

Then there’s the fact somebody spoofed the official John McAfee Twitter account so who can actually say this conversation is valid at all? It’s not outside the boundaries of reason to think that this fake John McAfee account was created to intentionally cause chaos

That aside, there is nothing illegal or unethical for a social media influencer to be compensated for plugging a product or a service or anything else. Ignorant investors toss around terms like “pump and dump” and “insider trading” with an obvious lack of understanding of what they are talking about. When John talks about a coin, an ICO or Alaskan salmon or anything else, he always indicates if he was/is involved. When he talks about Reddcoin or Digibyte maybe he is being compensated. While this is seriously doubtful as John has been a multimillionaire for several years and doesn’t need the money, there would be nothing wrong with it. If people jump on Mr. McAfee’s advice and buy any given coin — then sell it at a profit — they are also doing nothing wrong.

What’s much more realistic and believable is that John McAfee is doing nothing more than building his own brand by positioning himself as the foremost authority on cryptocurrency. Celebrities do this all day every day.

John McAfee pump and dump rumors should be chalked up to haters and trolls and dismissed. Here are some facts: John McAfee is a genius. And an influencer. And cryptocoin’s greatest champion.

Full disclosure: I am a John McAfee fan.

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Seth Fields