John McAfee will not promote ICO anymore

[ajiejot]

John McAfee is one of the cryto-celebrity nowadays, as we saw few months ago. John McAfee keep promoting some ICO before and have also personal analysis about different coins before.
Now, based on his tweet: https://twitter.com/officialmcafee/status/1008957156819914752

He will not promote anymore because of SEC threats.

For my own opinion, it is good. Because it will avoid pump and dump, and the decentralization feature of cryptocurrency will remain, no one can manipulate or control the price of each coin.

Any ideas guys? It is better decision? What are your thoughts?

[Gogochen]

So I think this reflects the U.S. policy to a certain extent, so the U.S. policy is not friendly to ICO,.
so I think the risk of investing in ICO is higher in the future.

[kakonhat]

I am afraid why John McAfee worry in SEC? A few days ago Mr. John McAfee challenged to SEC but now McAfee talking differently. How much I know McAfee don't worry anyone because he talks right way and strictly. I think there have something behind this situation. We could know soon what's going on. Just waiting for next announcement.

[leonair]

He just made it for his security no more, no less and it's true that the SEC threats is doing their thing out of him. He already made a million of dollars with that ICO's promotions so he's very fine now.

It seems that the 'ICO boom' right now has slowly ended, faster than what I expected, Billion of dollars are involved since the inceptions of this. A lot of people bankrupted also and I feel sorry for them.

[trungdlvn]

If he stop promote ICO, my opinion is a good thing. People will do more careful research about the project they are about to invest other than just buy the ICO based on his name.

Remember the time with bot auto buy the coin of his tweet, and many of his recommended coins just go no where.

[miningguru]

I am afraid why John McAfee worry in SEC? A few days ago Mr. John McAfee challenged to SEC but now McAfee talking differently. How much I know McAfee don't worry anyone because he talks right way and strictly. I think there have something behind this situation. We could know soon what's going on. Just waiting for next announcement.

Yes, probably because maybe SEC has given some warning to John McAfee by not supporting the ICO's. See in his words he mentioned about the Arrest, so it means they have given some serious warning to John McAfee but soon he is going to give some clarity regarding this situation.

[firaituaku]

yes maybe US policy prohibits him to invest in ICO because of the risks that will be higher in the future. he also gets threats from the SEC seen from his post about an arrest that made him want to protect himself. we just wait how the next development because this is very unfortunate. but he has earned millions of dollars from the ICO promotions he has made so far.

[krassy]

Probably, all passing ICO and those who are just planning to go out,should refrain from involving McAfee in their projects, it is better not to mention his name, because the SEC is closely watching all his actions and conversations))) I think he made the right decision.

[Dr.Sponge]

It is a good idea for him to not to promote ICO anymore or he will break his reputation as his signal is no more working.

[Enyi001]

That's just the best thing. Most of the ICOs McAfee promoted turned out to be scam. I believe they pay him for such promotion and at the end, after gaining much buyers, they dump those coins on people and run away. Transcodium is a perfect example of what I'm saying.

[deeofficialx]

A lot could happen in just a matter of days, especially that SEC are now more eager to erase someone's ICO. They possible thought even a good and useful ICO, could be a threat for them soon in the future, so limiting John McAfee now is one of their steps.

But still, Blockchain Technology is an emerging technology and gradually developing, that sooner or later, even SEC can't do something about it.

[hiburak]

many projects he advised or recommended failed badly and he caused a lot of people to lose a lot of money. now, he's using these lies around Sec to clean himself. this doesn't mean he won't start his pumping anytime soon.

[sud]

Yeah, and nothing of value was lost... Seriously, he wasn't promoting anything, it was just a pump&dump scheme for a few coins, with ephasis on dump after the short price spike. He could be valuable advisor if not for those hype tactics, but I guess crypto crowd loves such things.

[Che6ir61]

this is certainly his choice but very sorry for the projects that he promoted very promising

[Ghebung Masam]

this is just the reason he is to raise the price of his services in promoting an ico. if he gets a price or high pay, maybe he will come back. all this is just about business and money.

[ajiejot]

Yeah, and nothing of value was lost... Seriously, he wasn't promoting anything, it was just a pump&dump scheme for a few coins, with ephasis on dump after the short price spike. He could be valuable advisor if not for those hype tactics, but I guess crypto crowd loves such things.

I agree to you, it's all about pumps and dumps scheme. He is using his popularity to be able to promote some ICO or coins. And he can also earn money at the same time. Decentralization is become nothing if it will continue, he can manipulate the price of cryptocurrency if that will continue.

[TopTort777]

Will John McAfee stop doing his predictions about bitcoin price? First he predicted bitcoin price 100k $ by the end of the year, then he says it will definitely be +30k $ and recently he said 15k $ is a good price.

[batang_bitcoin]

Pumps and dumps are inevitable and he's not the only reason of it. I'm interested of what he said with that article which is an alternative to ICOs that can't be touched by SEC.
Before he's too eager to have a debate with SEC highest position and now he wiggled his tail and tamed by them. He's no longer credible with what he is saying but still there are people who are believing his words. If the concern is just pump and dump, he's not the only source of it.

[talkbitcoin]

this can act as a warning to all the ICO nuts who are not aware of the illegal activities they are getting involved with. we may see a much fiercer ban hammer on ICOs in US from SEC this year specially since many other countries have been so strict about ICOs and have been banning them.
i think John McAfee realized this and got out when he could before he got caught in some sort of lawsuit and were imprisoned.

[magpie_lover]

That's refreshing to hear. I've never liked him to be honest. For someone with such a huge amount of followers and therefore influence, it's better that he sticks to some other stuff.