Certified Crypto Comedian John McAfee Warns Bitcoiners to Stop Worrying of a Bitcoin Price Drop


Most of us who are invested in the crypto markets are elate because of the recent crypto run.

We can't help but check the prices every 5 minutes and the dark days of crypto winter seem to be behind us. But leave it up to long time legend and certified crypto community comedian John McAfee to tell us the truth by taking to his bitcoin-centric Twitter to warn us about this.

What McAfee is essentially saying is that mental equanimity is the key. It is the ability to think clearly even when markets are volatile and the investor is under tremendous pressure. So instead of cryptoing and chilling, he encourages casual investors to periodically check back in on the $BTC price (in which he predicts it being $1,000,000 BTC/USD 18 months from now)

Normally, this is when most investors tend to falter and commit serious investing blunders. In fact, mental equanimity is all about the balance that you can maintain even when the market appears to go against you.

Normally, investors tend to get greedy at the top of the market and fearful at the bottom of the market. Smart investing is all about doing the exact opposite. John adds:

“Not my responsibility to smarten people up. Short-termers and short sellers are acting on traditional stock market principles. It more or less approximates the current crypto market because (F)unctional value ≈ 0. As (F) grows, traditional formulas will become impotent.”

These are just short term fluctuation and in the long run, it doesn’t matter. The crypto asset boom in the second half of 2017, followed by a devastating 2018 is a classic example of McAfee’s claim. The sudden price fluctuations, both upwards and downwards, hurt only to those who were looking for short term trade benefits. Those who stayed for long got minimal brunt.

The bitcoin price has grown from sub $4,000 (50 days ago) to over $8,000 as the recent bull run has led to heads turning towards the cryptocurrency ecosystem once again. Google trends show that bitcoin has become an active search trend again and even the mainstream financial pundits have come onboard the hype train.

Bitcoin’s price is $48,562.93 BTC/USD exchange rate today. The real-time BTC market cap of $904.28 Billion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $19.23 Billion and live coin value change of BTC -0.26 in the last 24 hours.

Live Bitcoin (BTC) Price:

1 BTC/USD =$48,562.9264 change ~ -0.26%

Coin Market Cap

$904.28 Billion

24 Hour Volume

$19.23 Billion

24 Hour VWAP

$50.2 K

24 Hour Change

$-126.89

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