Category Archives: John McAfee

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John McAfee ist tot – Postmortaler Q-Post streut Zweifel an Suizidverdacht

John McAfee ist tot. Die Leiche des britisch-amerikanischen IT-Unternehmers ist am 23. Juni in einem Gefängnis in Barcelona aufgefunden worden. Katalanische Behörden sprechen von Suizid. Minuten nach Bekanntwerden seines Todes postete McAfees Instagram-Account ein “Q”.
 
Source: BTC-ECHO

Der Beitrag John McAfee ist tot – Postmortaler Instagram-Post streut Zweifel an Suizidverdacht erschien zuerst auf BTC-ECHO.

John McAfee’s Bet That Bitcoin Will Hit USD 1 Million by 2020 Looks Set to Fail

  • John McAfee’s price prediction and bet that Bitcoin would USD 1 million by the end of 2020 looks like it will miss by a long shot

As the major Bitcoin bull run of 2017 began to brew in July, John McAfee bet that Bitcoin would continue upwards to USD 500,000 by the end of 2020, or he would eat his private parts live on national television. On 29 November, as Bitcoin surged through the USD 10,000 level, McAfee doubled down on the bet, saying Bitcoin would hit USD 1 million by the end of 2020.

It is unclear why McAfee doubled down on the bet, since doing so made it less likely that he would win the bet. In any case, McAfee made the bet before the launch of the first Bitcoin futures on the Chicago Mercantile Exchange (CME), and failed to foresee that those would introduce significant short-selling pressure into the market. The pressure from Bitcoin futures helps to prevent Bitcoin bubbles from hyperinflating, leading to a more stable Bitcoin price with lower price peaks long term.

Perhaps if Bitcoin futures were never launched then McAfee would have a fighting chance at winning this bet, but at this point, the price of Bitcoin is only 0.7% of the way towards his prediction, or equivalently Bitcoin would have to rise 14,200% during 2020 for him to win the bet.

The price of Bitcoin has actually gone in the opposite direction, dropping approximately USD 3,000 since McAfee made the bet.

It remains to be seen if McAfee will follow through with his promise at the end of 2020. For the sake of mental health worldwide hopefully, he reneges on the bet.

 

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Bitcoin Slips Momentarily Below $10,000 as Bears Dominate

Bitcoin Slips Momentarily Below ,000 as Bears Dominate

The negative sentiment for the short term continued over the weekend and spilled over onto Monday as Bitcoin bears dominated the market, to ensure Bitcoin price slipped momentarily below the psychological USD 10,000 line.

It had started rather hopefully 24 hours ago, when Bitcoin was trading at USD 10,600 (10:30 am UTC) on Sunday, and then registered a high of USD 10,817 just an hour later. However, as soon as Monday morning greeted the Far East markets, it was the bears who took hold of the bulls firmly by the horns, as intense selling pressure pushed prices down quickly from USD 10,690 to breach the all-important USD 10,000 floor and record a low of USD 9,872 — all within the space of four short hours.

This intense dipping action, however, was only successful in creating that breach twice, and immediate reentries brought price right back up above the five-digit mark as bulls also ensured that they were not completely invisible. It was as if they wanted to declare their intentions that they would not give up such an important milestone so easily, nor for so long.

Price trajectories have not been very certain since then, although spurts of buying interest creating hourly peaks in the daily charts do show that there are plenty of speculators who continue to see these price levels as very attractive buy-in zones and entrance points for Bitcoin. Nevertheless, the fact that it is in a fifth consecutive day of losses and a 4.45% decline from yesterday, does not mean that a bearish pattern is beginning to take hold for the short term view.

All in all, Monday does present a mood dampener for the bulls as they now have to consider their position in a Bitcoin total market capitalization of USD 184.5 billion as the entire market shudders to a standstill at USD 280 billion (CoinDesk).

Altcoin markets have yet to find any recourse after the demoralizing week past either, as Bitcoin dominance crept back up to 65.7% right now (CoinMarketCap). Ethereum led the losers, touching USD 203 briefly today, to register a price low not seen since May 15, while Litecoin finally gave up its hold on territory above USD 100, trading now in the high USD 80s.

Analysts are, as usual, struggling to make sense of this current retracement, that does not yet seem to be on its last legs. Michael Casey of CoinDesk does make the case we have last week as well, that Trump’s Tweet against crypto should not have held any substance, nor should it have been of any surprise. People do seem to be ignoring the fact that the very mention of crypto by a leader of one of the world’s most powerful countries is a huge endorsement of Bitcoin — if you believe that mere acknowledgement is itself endorsement.

Economist and Bitcoin trader Alex Krüger also points out that, even if Trump would go all the way and put an outright ban on Bitcoin, he could, presumably through an Executive Order, but it wouldn’t anyway be allowed by existing legislation. Trump might be able to isolate Bitcoin, attempting to make it more illiquid by closing of entry and exit points for investors. Krüger explained:

“Trump could also go after fiat onramps, by simply forbidding banks to service crypto exchanges, or by requiring banks to not service exchanges unless conditions XYZ are fulfilled (and make that practically impossible).”

But without the support of Congress, lawmakers could easily overturn his wishes, even those made via emergency actions such as executive orders, as he seems liable to do.

1/ Could Trump ban Bitcoin?

Thread 👇pic.twitter.com/KeDI35GU7C

— Alex Krüger (@krugermacro) July 15, 2019

Fundamentally speaking, Bitcoin continues to grow at an unabated pace, with the transactional volume picking up and the percentage of real use (other than trading) growing against record setting highs for hash power securing the network. Not everyone agrees, however. American crypto fund manager Timothy Peterson says that account figures for Bitcoin is overvalued, and that this price level actually is more realistic in accordance with user numbers and other user statistics such as transactional volume.

I hate short term price predictions but fundamentals tell me #bitcoin should be at about $8k right now. pic.twitter.com/z8PIU8mCdb

— Timothy Peterson (@nsquaredcrypto) July 14, 2019

He even believes that USD 8,000 is the correct value based on active account values that are just shy of 850,000 in a 30-day median. But the good news about this is that, if Bitcoin fundamentals do grow according to project rate, then USD 10,000 does seem to be correct value not too far into the future, possibly even this year, if growth continues in this manner.

Some bulls do demonstrate views concurring with that of Peterson, albeit with less scientific methods, such as one ArminVanBitcoin:

If you think you’re late on buying $BTC, take the current price and divide it by 100,000,000. You’ll get the value of what #bitcoin will be priced as in the future… while fiat currencies still exist that is. PS: Still early days. 😐🍻

— A v B (@ArminVanBitcoin) July 12, 2019

John McAfee, crypto influencer and self-exiled US Presidential hopeful, has reaffirmed his incredible prediction of USD 1 million Bitcoin by 2020, proving that short term price action doesn’t deter a full-time Bitcoin bull. McAfee claims to have been “laughing his f—— ass off” at the negativity, and fully backed Bitcoin to make it as he predicted.

Bitcoin is at the mid 10’s and people worry. LMFAO!! Why do you pay attention to weekly fluctuations? Look at the past few months FFS! It’s rising drastically. I’m still positive about my $1 mil BTC price by the end of 2020. Alt coins like MTC and Apollo will rise ten times more.

— John McAfee (@officialmcafee) July 14, 2019

 

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Bitcoin Seeks Support After Falling from $13,800

Bitcoin Seeks Support After Falling from ,800

For the first time in almost a full week, Bitcoin price could not maintain a full day of upwards motion, first recording a consecutive daily high for 2019 at USD 13,389, before shedding USD 1,200 almost immediately after just hours before midnight UTC (CoinDesk).

According to some analysts, this is only Bitcoin’s first major pullback in 41 days, so bears will claim this as a small victory:

Bitcoin Price Analysis: BTC Experiences First Major Pullback in 41 Days – https://t.co/NKad0LuhAN pic.twitter.com/m6TMA52Kun

— Cryptbuzz (@cryptbuzz) June 27, 2019

Apparently, avocados have been mirroring Bitcoin in the strangest way, in terms of price anyway.

The Price of This Shockingly Boring Item Mirrors Bitcoin in the Weirdest Way https://t.co/hcw4tBKILl #bitcoin #crypto #blockchain #btc #news #cryptocurrency pic.twitter.com/FMsimrKL5A #eth #ltc #xrp

— Bitcoin update (@btc_update) June 27, 2019

The stark contrast between the day’s low at USD 11,346 and high reflected a wild Thursday of trading, as profit takers sought to book in their gains at USD 13,000, while buyers tried to find a strong support line. USD 12,000 still looks like a resistance point at the moment, as Central Europe fumbles around for momentum but it will probably only be during North America markets that we see a clearer direction — either for consolidation or further retracement.

Among the bulls most vocal on social media is of course Anthony Pompliano, who reminded everyone that he was “deadly accurate” about predicting the 50% drop to USD 3,000 before a storming run to USD 10,000. He now says that his next target for Morgan Creek is USD 100,000 before the end of 2021.

Altcoin markets continue to bleed in the face of Bitcoin increased dominance in price and network statistics, but crypto influencer John McAfee is adamant that altcoins will see their prices surge 10 times faster than the world’s most recognized crypto:

Alt coin prices to surge ten times faster than Bitcoin:https://t.co/NrULpsvFqN

— John McAfee (@officialmcafee) June 26, 2019

And so it bring an end to a phenomenal week for Bitcoin, and bulls finally relent, for the day at least. All eyes will turn to the weekend, however, as that has always been the strongest indicator of the week ahead.

 

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Self-Exiled John McAfee “Goes Dark”

Self-Exiled John McAfee

Infamous crypto influencer and self-exiled US Presidential Candidate John McAfee has announced via his Twitter account that he has “gone dark”, fearing for his personal safety, triggering speculations of various conspiracy theories online.

His official account informed that McAfee would go offline and that his staff would take over his social media account.

Some have claimed that he has already been separated from his wife, and is either “in the custody of US Federal Agents or on the run in or near the Bahamas”.

BREAKING: John McAfee is currently either in the custody of US Federal Agents or on the run in or near the Bahamas.

He was last seen leaving a prominent crypto persons home via boat. He is separated from his wife at the moment. Sources are claiming that he is in federal custody. https://t.co/Wr7v28DeVu

— Mike Dudas (@mdudas) May 16, 2019

In response, McAfee himself has denied his capture, defiantly claiming that he was still “joyful and free as ever” with happy photos together with his wife.

Those who read “go dark” as “incarcerated” shouldn’t play lotto this week. Here’s @officialmcafee & @theemrsmcafee safe and sound in their new backyard as defiant, joyful and free as ever. Stay tuned… pic.twitter.com/e3T8wirhge

— John McAfee (@officialmcafee) May 17, 2019

No stranger to scandal, McAfee had declared himself to be on the run earlier this year, refusing to pay taxes and taking flight on his own personal boat out at sea in international waters, where he insisted he would continue his US Presidential campaign.

He has not been able to stay out of the limelight long, however. In the time since then, he has launched a crypto earning app, and his own branded Bitcoin Visa debit cards.

Last week, he claimed that the US government wanted to silence him, suggesting that he knew too much. McAfee claims to know the true identity of Satoshi Nakamoto, the pseudonymous creator of Bitcoin.

 

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Bitcoin Sets Sights on $9,000 as Gold, Penny Stocks Piggyback

Bitcoin Sets Sights on ,000 as Gold, Penny Stocks Piggyback

As Bitcoin continues to show inexhaustible rallying pushes this week, gold has quietly hit its highest point since April (USD 1,298.26 an ounce, spot price), while penny stocks are capitalizing on the Bitcoin buzz.

Early Thursday trading in Asian markets saw a renewed push for Bitcoin to break resistance levels at USD 8,200, although as Europe began to wake up, price tapered back towards its current levels just above USD 8,000.

The bulls will take its ability to keep yesterday’s gains as a good sign of strength, however, and will still be confident of yet another consolidation before another run towards USD 9,000. One Winklevoss brother certainly feels that this is only the “bottom of the first inning”:

Bitcoin breaking 8k this time feels lot different than the last time. So much progress has been made since then and it’s only the bottom of the first inning! 🚀👍

— Tyler Winklevoss (@tylerwinklevoss) May 16, 2019

Not to be outdone, self-exiled US Presidential candidate John McAfee reminds people that crypto markets are not stock markets and traditional maths cannot be applied:

The more Bitcoin drops in price, the greater the upward acceleration when the downward pressure fizzles out. Remember – the Crypto market is NOT the stock market. It is a new paradigm. Old formulas cannot be applied, and traditional math is impotent when peering into crypto. pic.twitter.com/ReBRT8yYBe

— John McAfee (@officialmcafee) May 13, 2019

Speaking of traditional stocks, penny stocks in North American markets have definitely been enjoying Bitcoin’s stay in the limelight, with stocks like MGT Capital Investments rising as much as 15% on Tuesday when it announced a resumption of Bitcoin mining operations. Others also piggybacking on Bitcoin’s rally include cryptocurrency-related Riot Blockchain Inc, Marathon Patent Group Inc, and Grayscale Bitcoin Trust BTC, which all outperformed the market on their own comebacks.

 

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McAfee Builds App for Bitcoin Exposure Using Trivia Quiz Game

McAfee Builds App for Bitcoin Exposure Using Trivia Quiz Game

Tech mogul and major crypto proponent John McAfee is at it again, however, this time, he’s not handing out free predictions on future Bitcoin prices, but free Bitcoin through his new app called Bitcoin Play.

Well, maybe not free Bitcoin, as users will have to answer trivia questions to be rewarded – think who wants to be a millionaire, only this time the rewards are in Bitcoin fractions, Satoshis.

McAfee told his numerous Twitter followers about his new app which engages the intellect of players through trivia questions and reward gaming:

My “Bitcoin Play” app is now available for Android. Family friendly option as well as the adult friendly option featuring my voice cursing at your ineptitude. Earn Satoshis while being harangued by me. Educational as well:https://t.co/gzWbAS87ho

— John McAfee (@officialmcafee) May 4, 2019

The game features a test of knowledge through a multiple-choice quiz, with thousands of questions made available on the platform, but limited to only 25 questions per user per day. The more wins the player gets the harder the questions the more the rewards. The app also allows users to compete against each other in John McAfee’s Weekly Competition League in order to win extra rewards and prizes. The developers also included an 18+ commentary feature which allows users to hear McAfee’s voice in response to their performance.

In the Tweet, McAfee seemed to be having fun and was as sarcastic as always as he responds to several comments. About a hidden mining bot, he responded: “Nope. My next app maybe”; to another comment about he being the sole developer of the app or being aided, he responded: “I prayed, and God simply manifested it.”

The app is currently only available for Android users and McAfee has said that the iOS version will be out soon. So far, the app has a ranking of 4.1  from 33 reviews and has been downloaded by more than 500 users according to Google Play Store. Overall, it appears the app had quite the reception and had achieved the primary purpose of engaging the masses into a stimulating atmosphere of trivia gaming while using Bitcoin payouts as an incentive model.

Perhaps a remake of the first generation faucets, McAfee may have given trivia game addicts a second chance at earning cryptocurrencies in meager amounts, and who knows, if his price prediction of USD 1 million per Bitcoin kicks in, he’d be making millionaires out of trivia addicts.

Speaking of faucets, Bitcoin News recently reported a Lamborghini giveaway as a price by one of the oldest yet surviving Bitcoin faucets in its ongoing contest.

On the more positive note, efforts towards mass Bitcoin exposure continues to grow, and while the price of Bitcoin has soared astronomically over the years, becoming a barrier for new entrants into the ecosystem as well as smaller retailers, efforts like those of McAfee’s app, might someday level the plane, the question however, is how many Bitcoins has McAfee staked in the game for long term sustainability, as very few Bitcoin faucets are in existence, with most dying out over the years or implementing heavy advertising to stay alive.

 

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John McAfee Launches Visa Bitcoin Debit Card

Antitrust Watchdog Investigates Brazil Banks for Restricting Fintech Firms (1)

The ubiquitous John McAfee, needing no introduction to crypto converts, is never far from the news and his latest piece of that is a McAfee crypto debit card.

The card, naturally adorned with the cryptocurrency entrepreneur’s photo, just so users know exactly who created it, has been issued by Visa, and will enable users to use their crypto for purchases or to obtain cash.

A teaser for what is coming soon: The first crypto credit card accepted EVERYWHERE! pic.twitter.com/ARBIAcLQOf

— John McAfee (@officialmcafee) April 26, 2019

Originally advertised, and since corrected by McAfee, as credit cards, they clearly are not, but such debit cards play an essential role in enabling holders of cryptocurrency to use their Bitcoin as originally intended; as a source of purchasing power and convenience.

As a reminder, unless newsreaders have forgotten, McAfee is up as a 2020 presidential candidate, if only to offer himself a platform for talking about cryptocurrency and its place in the world. A further reminder is offered with each issued card with the 2020 presidential run logo, along with his photo is printed on each card; a very clever piece of canvassing. However, he did add that only the first 12,000 of such debit cards would carry his photo on them. After the first batch of 12,000 cards have been released, the others will be without his images.

Sorry – “Credit Card” was a misnomer. More like a debit card. You load it with Bitcoin then use it anywhere. We convert to local currencies. pic.twitter.com/0MRmh1PslW

— John McAfee (@officialmcafee) April 26, 2019

It is unclear which financial institutions will honor the cards at present, given his lack of popularity with the US authorities in general, particularly the IRS, who would reportedly like to talk to him about several millions of dollars in unpaid returns backdated to 2010. However, his popularity is assured with an impressive crypto community following, who hope that this is another little push designed to drag Bitcoin into the mainstream rather than a nonstarter publicity stunt.

 

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John McAfee Claims $1 Million Bitcoin Prediction Based on Math

John McAfee Claims  Million Bitcoin Prediction Based on Math

John McAfee’s explanation for his USD 1 million Bitcoin price by the end of 2020 is all down to mathematics, according to the high flying tech mogul.

A recent McAfee Tweet offering to the market suggested that it would be “mathematically impossible” that one BTC will be less than USD 1 million “by the end of 2020”.

A brave claim worth investigating. Assuming Bitcoin remains around it current price for the next 24 hours, a good place to start from, now sitting at USD 5,277, it needs launch on a head-spinning lift off increasing by 20,000% in order to reach McAfee’s 2020 USD 1 million target. The leap in 2017, regarded by many as highly unexpected and unrepeatable saw a 20-times leap in the value of the flagship coin before it just as rapidly crashed to earth in 2018.

It is worth noting McAfee’s last big prediction of USD 500,000 by the end of 2020 made in 2017 is still current, so he does have the advantage of a fallback position should he wish to hedge his bets as the end of next year approaches, assuming Bitcoin is flying into the stratosphere.

McAfee’s math told him that his early prediction priced Bitcoin at USD 5,000 by the end of 2017, and it to be fair it had already doubled that by December to USD 10,000. A simple annual doubling up process, however, would not have taken Bitcoin to his original USD 500,000 prediction by the end of 2020; in fact, a mathematical total based on doubling would be closer to USD 80,000, but still no mean feat, and great for those BTC holders buying in 2017. McAfee was clearly hoping for a 20-times annual leap over the span over four years to get to his mammoth target.

Wences Casares, CEO of Xapo and a director at PayPal, is going for Bitcoin reaching USD 1 million in the next 7 to 10 years, but still gives McAfee’s claims a hint of a chance. Casares uses his own equation by multiplying the total of Bitcoin Hodlers with USD 7,000 and given there are 3 billion owners globally, then the currency could be worth USD 1 million with a fixed BTC supply of 20 million units.

No stranger to controversy, McAfee’s latest media offering has suggested that he is not ready to release the identity of Bitcoin’s founder yet, but has revealed:

“It is NOT the CIA nor any agency of any world government. It IS a collection of people, but the white paper was written by one man, who currently resides in the US.”

 

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Coinbase Moves with Cold Storage Trading via Custody Service, OTC Desk

Coinbase Moves with Cold Storage Trading via Custody Service, OTC Desk

US cryptocurrency exchange giant Coinbase has just announced that it plans to combine its custody service with its newly launched over-the-counter (OTC) desk in order to facilitate cold storage trading.

The move is partly a response to requests by Coinbase customers who have been pushing for cold storage trading since the recent launch of the OTC desk, mainly in order to sidestep the additional movement of client funds online before they can be traded.

Coinbase launched its OTC cryptocurrency trading desk at the end of 2018 again reacting to “client demand”, as well as gearing towards broadening its customer base to include more institutional clients. Its cryptocurrency custody was launched in July of 2018 for much the same reason in order to attract large financial organizations to the exchange.

The new cold storage trading facility promises to a route to the future of trading according to Sam McIngvale, the CEO of Coinbase Custody, who sees this as “the defacto way to trade”. However, the newly-announced feature rather follows in the footsteps of blockchain security company BitGo who already launched their own custody trading product earlier this year.

There are those that feel that Coinbase Custody could be far better than BitGo for this simplified trading process, due to its pull on larger institutional clients; a potential client base which has firmly been in the San Francisco-based exchange’s sights for some time. John McAfee is one who has long viewed this client pool as a future crypto industry game changer; long predicted maybe, but as yet still yet to become reality.

Institutional investors are preparing to enter the cryptocurrency market with a vengeance. They are generally long term investors and will be pumping billions into the market. Expect the top ten coins to go through the roof fairly quickly. The bulk of alt coins will soon follow.

— John McAfee (@officialmcafee) May 21, 2018

This won’t stop Coinbase trying though, and cold storage trading is another step down that road.

 

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