McAfee’s Crypto Picks; Twitter Bots, Fake Accounts, Pumps & Dumps and More

Published on 25 December 2017 by Cryptovest Staff

John McAfee's daily coin recommendations are resulting in major pumps and dumps, fake accounts and Twitter bots.

John McAfee has managed to literally raise the dead with his daily coin picks, and after what he did with Verge (XVG), which grew from under $0.01 to over $0.25, he is at the center of massive hype, pumps and dumps, fake accounts and Twitter bots.

As usual, his Tweet resulted in a major pump, with Humaniq (HMQ), going from $0.44 to almost $1, in seconds, before dumping down to $0.60 and stabilizing around that range.

However, as many people reported on Twitter, the price had gone up majorly right after the Tweet, not leaving enough time for a buy-in. Others have also been pointing towards increasing volumes in some of the coins, leading up to McAfee’s recommendations.

McAfee has officially denied taking any positions in the coins he recommends, and while people have been posting screenshots of his alleged conversations, asking for 25 BTC and 15% of all coins, they are from fake accounts, particularly one which uses the @officiaimcafee handle (note how officiai is used instead of official, and the ‘i’ is capitalized).

Given how McAfee’s Tweets lead to obvious surges in coin prices as people move in, it is not surprising that Twitter bots have been programmed specifically to pick coin names from McAfee’s Tweets and then have trading bots buy them up instantly before dumping them on human entrants.

McAfee has, no doubt, managed to add an exciting new dimension to the crypto market with his coin picks, and since there is a lot of money involved, the whole thing naturally attracts parties with not so noble intentions.

If you are interested in buying McAfee’s recommendations for the long run, it is recommended not to buy instantly after his Tweets, and wait for the price to stabilize. Meanwhile, always make sure that the messages and Tweets you refer to are from the @officialmcafee handle, with Twitter’s verified account label (blue check).