Crypto is our last hope for financial independence - John McAfee

[target]

On March 5, 2021, the U.S. Attorney's Office for the Southern District of New York announced that they had formally indicted McAfee and an executive adviser for allegedly fraudulently promoting certain cryptocurrencies and performing pump and dump schemes. McAfee is currently incarcerated in Spain, pending extradition to the United States.
https://en.wikipedia.org/wiki/John_McAfee#Legal_issues

Sad

It's that crime that he is going to be extradited but there are more crimes he did that were reported actually, like rape and he was also the one behind the death of his neighbor. Promoting cryptocurrencies and pump and dump schemes are small things, it's likely he could get away by just denying all these that he didn't know the projects are scams. Extraditing Mcafee is a way to free him.

Crypto being hope for financial independence is true though. If a country like El Salvador today is using USD as their fiat then they'd also be losing money every time the US government prints dollars. I guess their president is on the right path.

[Sithara007]

On March 5, 2021, the U.S. Attorney's Office for the Southern District of New York announced that they had formally indicted McAfee and an executive adviser for allegedly fraudulently promoting certain cryptocurrencies and performing pump and dump schemes. McAfee is currently incarcerated in Spain, pending extradition to the United States.
https://en.wikipedia.org/wiki/John_McAfee#Legal_issues

Sad

Why you are feeling sad? He is a criminal and needs to be punished for his mischievous acts. I don't know why people always consider white collar crimes to be of a lesser magnitude when compared to robbery or murder. McAfee stole hundreds of millions of USD worth of funds and he indirectly ruined the lives of tens of thousands of people. Do you have any idea how many of these people committed suicide? I would hold McAfee responsible for their deaths. On top of that, he is also facing investigation for the murder of Gregory Faull in Belize.

[uneng]

I think it's a big mistake to invalidate a declaration based on the personal character of the speaker. A fact is still a fact even though if it was told by the worse individual of the world. I really don't care for John McAfee and I have nothing to say in his favour or against him, but what he said is actually the truth. Crypto is the last hope for many people. Not everyone in this universe are speculators, traders or gamblers who have crypto as a hobby or extra income source. Crypto currency is already the only and last source of income for many third world citizens who don't have opportunities on their local communities for different reasons.

Without crypto many would be starving, living in very bad conditions or not having their financial independence. Because financial independence means to act accordingly to your principles and still be able to thrive, what is nearly to impossible in regional communities, since to have a job you have to turn a blind eye to many wrong things and adapt yourself to the local hierarchy, being conniving to the system.

[Hamphser]

On March 5, 2021, the U.S. Attorney's Office for the Southern District of New York announced that they had formally indicted McAfee and an executive adviser for allegedly fraudulently promoting certain cryptocurrencies and performing pump and dump schemes. McAfee is currently incarcerated in Spain, pending extradition to the United States.
https://en.wikipedia.org/wiki/John_McAfee#Legal_issues

Sad

Why you are feeling sad? He is a criminal and needs to be punished for his mischievous acts. I don't know why people always consider white collar crimes to be of a lesser magnitude when compared to robbery or murder. McAfee stole hundreds of millions of USD worth of funds and he indirectly ruined the lives of tens of thousands of people. Do you have any idea how many of these people committed suicide? I would hold McAfee responsible for their deaths. On top of that, he is also facing investigation for the murder of Gregory Faull in Belize.

A bit exaggerated if he would really be taking all the blame into those people who had lost up their money but if there are people whom do commit suicide because they do lost big time on what McAfee had shilled in the past then for sure he would really have some accountability.

It just funny that now he's trying to get back the trust of the public on just saying about positive sentiment towards the market?

People arent really that dumb to give out second chances because once those bad impressions had commenced or applied then it would really stick out forever and there's no way for you to get it back or clean yourself in the eyes of people.

[bryant.coleman]

A bit exaggerated if he would really be taking all the blame into those people who had lost up their money but if there are people whom do commit suicide because they do lost big time on what McAfee had shilled in the past then for sure he would really have some accountability.

It just funny that now he's trying to get back the trust of the public on just saying about positive sentiment towards the market?

People arent really that dumb to give out second chances because once those bad impressions had commenced or applied then it would really stick out forever and there's no way for you to get it back or clean yourself in the eyes of people.

He can defend himself by claiming that all he did was to promote the projects and he was not involved in their development. Many of the users have accused him of promoting the projects, despite knowing that some of them are likely to be scams. But these arguments will be difficult to prove in the court. What disgusted me the most is his behavior after the promoters vanished with the money. Rather than being compassionate, he was mocking the users and saying that they are idiots to invest in such projects.

[irsada]

In 2018 John McAfee was the mastermind of a long bear market which caused many scam projects to surface formed in his name, now he is re-emerging with the increasing crypto movement this year, despite his support for crypto for now it may someday change future.

[Sithara007]

In 2018 John McAfee was the mastermind of a long bear market which caused many scam projects to surface formed in his name, now he is re-emerging with the increasing crypto movement this year, despite his support for crypto for now it may someday change future.

This is his tweet from 2017, just before he started to pump the scam projects:

Most of the 2,000 coins are trash or scams. I've read every white paper. The few I'm connected to I will tell you. The rest I have no position in.

His millions of cryptocurrency followers thought that this guy would help them to find the perfect cryptocurrency project to invest in. Little did they knew that he had taken money from the scamsters, to direct people in to Ponzis. Not only he received bribes for scamming the users, but he also took part in insider trading. In one instance, he posted a series of tweets, which pumped the price of Electoneum by 40% in a single day. One of his associates made use of this opprtunity to cash out the Electoneum tokens McAfee had in his possession. Electoneum became worthless soon after.

[int03h]

"Financial independence is the status of having enough income to pay one's living expenses for the rest of one's life without having to be employed or dependent on others. Income earned without having to work a job is commonly referred to as passive income."

https://en.wikipedia.org/wiki/Financial_independence


According to the above definition, I see financial independence as passive income. And McAfee saying that cryptocurrency is the only path to financial independence is not entirely correct. We have many avenues to financial independence such as restaurant business, real estate investment, stock ownership, bank deposit...
So we have many ways to be financially independent, not just in the field of cryptocurrencies.
Cryptocurrency can bring quick wealth, but this market also brings many risks for investors.

[electronicash]

"Financial independence is the status of having enough income to pay one's living expenses for the rest of one's life without having to be employed or dependent on others. Income earned without having to work a job is commonly referred to as passive income."

https://en.wikipedia.org/wiki/Financial_independence

According to the above definition, I see financial independence as passive income. And McAfee saying that cryptocurrency is the only path to financial independence is not entirely correct. We have many avenues to financial independence such as restaurant business, real estate investment, stock ownership, bank deposit...
So we have many ways to be financially independent, not just in the field of cryptocurrencies.
Cryptocurrency can bring quick wealth, but this market also brings many risks for investors.

sometimes you don't expect the words coming from someone who has it all like mcafee.

once independence is achieved that's when you be proud of yourself. you'd find yourself confident in talking to someone where ever the discussion goes when you have financial independence. It's what everyone should achieve and become a man. mcafee almost has everything in his life but seems to have messed things. now it's not just independence taken from him but also freedom.

[LUCKMCFLY]

On March 5, 2021, the U.S. Attorney's Office for the Southern District of New York announced that they had formally indicted McAfee and an executive adviser for allegedly fraudulently promoting certain cryptocurrencies and performing pump and dump schemes. McAfee is currently incarcerated in Spain, pending extradition to the United States.
https://en.wikipedia.org/wiki/John_McAfee#Legal_issues

Sad

Why you are feeling sad? He is a criminal and needs to be punished for his mischievous acts. I don't know why people always consider white collar crimes to be of a lesser magnitude when compared to robbery or murder. McAfee stole hundreds of millions of USD worth of funds and he indirectly ruined the lives of tens of thousands of people. Do you have any idea how many of these people committed suicide? I would hold McAfee responsible for their deaths. On top of that, he is also facing investigation for the murder of Gregory Faull in Belize.

A bit exaggerated if he would really be taking all the blame into those people who had lost up their money but if there are people whom do commit suicide because they do lost big time on what McAfee had shilled in the past then for sure he would really have some accountability.

It just funny that now he's trying to get back the trust of the public on just saying about positive sentiment towards the market?

People arent really that dumb to give out second chances because once those bad impressions had commenced or applied then it would really stick out forever and there's no way for you to get it back or clean yourself in the eyes of people.

I remember how in 2017 and 2018 a McAfee tweet was decisive for any crypto or currency project, because as soon as he tweeted recommending a currency, immediately a bomb occurred, at that time McAfee was like the Elon Musk of now, then now Elon Musk did the same as McAfee but with 1 or 2 coins, why now McAfee? However, the difference was that McAfee promoted a lot of bad coins, so everyone felt that the ones he chose to advertise was because he had received the good reward from them.

However, despite all those problems, what I do not dispute is that you are absolutely right that BTC will be the only financial outlet, and it is because it differs from the traditional economy by its deflationary nature, I hope McAfee does not continue to mess with that. more in trouble.

[int03h]

"Financial independence is the status of having enough income to pay one's living expenses for the rest of one's life without having to be employed or dependent on others. Income earned without having to work a job is commonly referred to as passive income."

https://en.wikipedia.org/wiki/Financial_independence

According to the above definition, I see financial independence as passive income. And McAfee saying that cryptocurrency is the only path to financial independence is not entirely correct. We have many avenues to financial independence such as restaurant business, real estate investment, stock ownership, bank deposit...
So we have many ways to be financially independent, not just in the field of cryptocurrencies.
Cryptocurrency can bring quick wealth, but this market also brings many risks for investors.

sometimes you don't expect the words coming from someone who has it all like mcafee.

once independence is achieved that's when you be proud of yourself. you'd find yourself confident in talking to someone where ever the discussion goes when you have financial independence. It's what everyone should achieve and become a man. mcafee almost has everything in his life but seems to have messed things. now it's not just independence taken from him but also freedom.

Independence of thought is something that we need to practice through experience and learning. Many people are influenced by stories from famous people. I am very worried about this because the other people are not sure to live up to their statements. All is just for reference, we are the ones who discover the world and find the reason to live for ourselves.
McAfee used to be the epitome of crypto believers until they realized his profiteering in the crypto space.

[andriarto]

"Financial independence is the status of having enough income to pay one's living expenses for the rest of one's life without having to be employed or dependent on others. Income earned without having to work a job is commonly referred to as passive income."

https://en.wikipedia.org/wiki/Financial_independence

According to the above definition, I see financial independence as passive income. And McAfee saying that cryptocurrency is the only path to financial independence is not entirely correct. We have many avenues to financial independence such as restaurant business, real estate investment, stock ownership, bank deposit...
So we have many ways to be financially independent, not just in the field of cryptocurrencies.
Cryptocurrency can bring quick wealth, but this market also brings many risks for investors.

sometimes you don't expect the words coming from someone who has it all like mcafee.

once independence is achieved that's when you be proud of yourself. you'd find yourself confident in talking to someone where ever the discussion goes when you have financial independence. It's what everyone should achieve and become a man. mcafee almost has everything in his life but seems to have messed things. now it's not just independence taken from him but also freedom.

Independence of thought is something that we need to practice through experience and learning. Many people are influenced by stories from famous people. I am very worried about this because the other people are not sure to live up to their statements. All is just for reference, we are the ones who discover the world and find the reason to live for ourselves.
McAfee used to be the epitome of crypto believers until they realized his profiteering in the crypto space.

In the past, if there was a project that used the McAfee name, it was certain that the project could reach a hard cap, but gradually there were several scam projects, so that the name seemed to sink. I think we must learn to think logically in the crypto world, so as not to become food for people who only care about personal gain

[Bitstar_coin]

And that's the reason the government are doing everything possible to keep it at bay, prevent their citizens from getting close, using it to gain financial sustainability and freedom, having crypto gives you a total control of your funds, no third party to interfere in your affairs which is good buy had it's own disadvantage which is not the point of discussion here.

[Sithara007]

I remember how in 2017 and 2018 a McAfee tweet was decisive for any crypto or currency project, because as soon as he tweeted recommending a currency, immediately a bomb occurred, at that time McAfee was like the Elon Musk of now, then now Elon Musk did the same as McAfee but with 1 or 2 coins, why now McAfee? However, the difference was that McAfee promoted a lot of bad coins, so everyone felt that the ones he chose to advertise was because he had received the good reward from them.

However, despite all those problems, what I do not dispute is that you are absolutely right that BTC will be the only financial outlet, and it is because it differs from the traditional economy by its deflationary nature, I hope McAfee does not continue to mess with that. more in trouble.

That is simply not true. There are two things - Elon Musk never promoted scam projects, and he never benefitted from his promotion in a financial perspective. He may have promoted shitcoins, but he never promoted any projects after knowing that it was a scam. And this is exactly what John McAfee did. He took money from various scammers and promoted the projects after fully knowing that they are scams. It is ridiculous to compare Elon Musk with John McAfee. The latter is just a hardcore criminal, who is not only accused in financial crimes, but also in murder.

[paxmao]

I would rather consider how that "independence" has worked for McAfee, that is, I would love to ask him whenever he gets out of prison for trying to be independent. To be honest, money and independence are a difficult pair. On the end, money is something that has to be accepted by a group as a means of exchange and nowadays is difficult to have that other than with bitcoin, which has the government all over it, or a state backed currency.

[electronicash]

I remember how in 2017 and 2018 a McAfee tweet was decisive for any crypto or currency project, because as soon as he tweeted recommending a currency, immediately a bomb occurred, at that time McAfee was like the Elon Musk of now, then now Elon Musk did the same as McAfee but with 1 or 2 coins, why now McAfee? However, the difference was that McAfee promoted a lot of bad coins, so everyone felt that the ones he chose to advertise was because he had received the good reward from them.

However, despite all those problems, what I do not dispute is that you are absolutely right that BTC will be the only financial outlet, and it is because it differs from the traditional economy by its deflationary nature, I hope McAfee does not continue to mess with that. more in trouble.

That is simply not true. There are two things - Elon Musk never promoted scam projects, and he never benefitted from his promotion in a financial perspective. He may have promoted shitcoins, but he never promoted any projects after knowing that it was a scam. And this is exactly what John McAfee did. He took money from various scammers and promoted the projects after fully knowing that they are scams. It is ridiculous to compare Elon Musk with John McAfee. The latter is just a hardcore criminal, who is not only accused in financial crimes, but also in murder.

elon benefitted in doge pump. there is no question that otherwise he wouldn't be promoting it even on SNL. he must have benefitted a lot more than we could see thru his wealth and BTC price dips. they may have a big difference between each other but it's the same thing when greed is to be looked at. he just has a classy style because he has the network.

when he sees he doesn't have relevance in this community we shall see him desperately want to try especially now that the government is seeking the rich person who isn't paying taxes.

[jaysabi]

On March 5, 2021, the U.S. Attorney's Office for the Southern District of New York announced that they had formally indicted McAfee and an executive adviser for allegedly fraudulently promoting certain cryptocurrencies and performing pump and dump schemes. McAfee is currently incarcerated in Spain, pending extradition to the United States.
https://en.wikipedia.org/wiki/John_McAfee#Legal_issues

Sad

Not sad, McAfee has been a known piece of garbage for a long time, it's just that the laws he has broken have finally caught up with him. Tax evasion and fraud are likely some of the tamer crimes he's committed over the years.  He's also been accused of rape and murder. Guy belongs in prison.

[icopress]

McAfee sure has a lot of free time for tweeting in prison but I don't believe him when se said that he lost everything from lawsuits and that he feels from free than ever. I do however agree with him that we the people are in war with system and governments.

Tell that to Ross Ulbricht because he now has more free time to tweet than anyone else, lol ... As for the McAfee, he is an inveterate liar and I am telling you this based only on the facts about which I know not by hearsay. He's a poser who is trying with all his might to attract attention, and only ... besides, you don't need to be a genius to start talking about the obvious. I was especially pleased with some of the comments addressed to him, ^{[Don’t worry. You’ve got avengers by your side].}

[Quidat]

On March 5, 2021, the U.S. Attorney's Office for the Southern District of New York announced that they had formally indicted McAfee and an executive adviser for allegedly fraudulently promoting certain cryptocurrencies and performing pump and dump schemes. McAfee is currently incarcerated in Spain, pending extradition to the United States.
https://en.wikipedia.org/wiki/John_McAfee#Legal_issues

Sad

Not sad, McAfee has been a known piece of garbage for a long time, it's just that the laws he has broken have finally caught up with him. Tax evasion and fraud are likely some of the tamer crimes he's committed over the years.  He's also been accused of rape and murder. Guy belongs in prison.

Yeah and its not bad to read up about on how he had fooled out people on this market.
https://www.bbc.com/news/technology-56300593#:~:text=Businessman%20John%20McAfee%2C%20creator%20of,Twitter%20following%20to%20inflate%20prices.
https://abcnews.go.com/US/rise-fall-rise-john-mcafee-tech-pioneer-person/story?id=47346015
https://www.usatoday.com/story/money/2021/03/06/john-mcafee-indicted-fooling-crypto-currency-investors/4609447001/

This man shouldnt really be released out on prison but surprisingly if you do have the power and fame then that would be an easy bypass.

[LUCKMCFLY]

Well to be honest, it is really nerve-wrecking to see your investments decrease significantly in value especially when the value of bitcoin drops. This also depends on the amount of your invested capital, thus, the higher the amount you invested, the higher the increase/decrease on your investments depending on the value of bitcoin.

Unfortunately, emotions are one of those things that are difficult to control in situations like these. It really is a true testament of one's discipline and knowledge about the market. That is why, assessing your risk and knowing when to exit is a key factor in determining whether you should continue to HODL or to exit.

You are right, in fact it is very difficult to control emotions, sometimes because we do not know how to control emotions we can do everything the other way around, that is, if we enter the market and the position goes against us, it is best to exit quickly, only then would we be accepting a normal and not very big loss, but we always do the opposite, which is to have hope that the price will recover, then we lengthen the losses, and when we are winning we leave quickly with the profit because we think that the movement reaches there and not it will continue to grow more, and it almost always happens that the movement is much bigger still, so we cut the losses, all these errors are those that are produced thanks to the emotions.

I think the only thing that cannot receive or feel emotions would be a bot, but bots also have their big flaws.

I can say that psychology occupies 50% of the success of a trader, 30% for money management and 20% for technical analysis. From this picture, sometimes we give the biggest portion of technique by looking for various sources of technical learning. but it turns out that what determines the success of trading is within us

Yes, what happens is that the issue is very subjective, each person thinks differently, it is very difficult to find operators or traders who think the same way, at least they can coincide in similar decisions, but the way of operating includes the type of personality , and how is their way of solving problems in times of crisis, as the market has spent weeks ago.

I think that even athletes must have high morale, in order to recover quickly, and they have their own psychologists, I see trading as a profession where you constantly learn and sometimes it is necessary to have high morale so that the psychological part does not fail, and manifests itself in operations.