The price of bitcoin has been going up and down the old fashioned way in recent days. The price even dropped below ten thousand dollars. Bitcoin maximist John McAfee, who is still being harassed by the FBI and the US tax authorities, is trying to calm the community. In his own way.
In a recent tweet, McAfee urges bitcoinners to have thick skin. He says that bitcoin is still 300 percent higher in value than six months ago and that short-term fluctuations don’t matter.
Bitcoin jitters? Just stop it! Short term fluctuations are meaningless. Bitcoin is still up almost 300% from 6 month’s ago. Everytime there is a dip I have calm people in replies, DMs, etc. GET A GRIP! You know in your heart Bitcoin cannot lose.
Relax!
– John McAfee (@officialmcafee) August 22, 2019
Response to bearish sentiments
The tweet from McAfee can be seen as a reaction to a pessimistic attitude of certain “experts.” These experts are more than happy to share their opinion on bitcoin and predict that the price will fall in the short term.
One of them is author Nik Patel, who wrote An Altcoin Trader’s Handbook. He recently tweeted that bitcoin’s dominance is about to break. It doesn’t matter much whether you should read this as something negative about bitcoin, or as something positive about altcoins.
Bitcoin dominance looks about ready to fall off a cliff
– Nik Patel (@cointradernik) August 18, 2019
Today’s tweet contains a recommendation that if the BTC dominance in the market is below 68 percent, it’s time to buy altcoins. In slightly harsher words.
? https://t.co/jxc5VOIJq
If dominance starts falling below 68%, load the %$%^ up on alts
– Nik Patel (@cointradernik) August 23, 2019
Brian Kelly from CNBC is also negative about the price of bitcoin
Another crypto expert who for the moment does not expect fireworks from the bitcoin rate is trader and investor Brian Kelly of the American news channel CNBC. In a recent interview, he said he was careful with his bullish bitcoin price forecasts. He explains his line of thought because the number of active bitcoin addresses has fallen since July.
Kelly also thinks the price of two months ago is not realistic. Then bitcoin was worth 13,000 dollars. He thinks the rate has been correcting since that moment.
#Bitcoin is back above $ 10k, but @BKBrianKelly is feeling a little bearish. Here’s why. pic.twitter.com/J5uf9ahq1x
– CNBC’s Fast Money (@CNBCFastMoney) August 22, 2019
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