Is John McAfee's Coin a Day Plan Good or Bad for Crypto?

in #cryptocurrency7 years ago

John McAfee began his promised coin evaluation series today and the results were absolutely predictable.

 https://twitter.com/officialmcafee/status/943630578364112898 

He gave a ticker, and it exploded.  Today focusing on Electroneum.

 https://twitter.com/officialmcafee/status/943860891119964160 


While I appreciate a news and focus on the crypto market in general, should we be concerned that one tweet can add millions in market cap to a coin?  How are we to tell it's not just a personal enrichment scheme?  People were critical of Coinbase's ability to move markets simply by adding Bitcoin Cash, is this not worse?  That a screenshot pic in a tweet can move millions of USD worth of volume and allow a coin to climb the market cap ladder seems a bit ridiculous.  


Sort:  

Hm, I will follow his tweets - thanks :)

Congratulations @flountown! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes
Award for the number of posts published

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Coin Marketplace

STEEM 0.17
TRX 0.15
JST 0.029
BTC 61852.16
ETH 2402.53
USDT 1.00
SBD 2.60