John McAfee says. Therefore, it is.

Anyone following the eccentric crypto-expert John McAfee, of McAfee Anti-Virus fame, knows the impact he has on the cryptocurrency market. Over the last little while, McAfee has taken to announcing his "coin of the day" on Twitter, immediately resulting in massive growth in volume and value of his selected coin. Over the last few days, Verge, Digibyte, Reddcoin, Humaniq, and most recently, Bitcoin itself, have been mentioned by McAfee.

Every single one of these coins has experienced enormous growth following McAfee's tweets (even Bitcoin, which has been in a bit of a funk, climbed a little after his tweet!). Some have been critical of it as a pump and dump scheme, whereby McAfee could simply buy up a tremendous volume, make an announcement, and then sell the coin when it peaks within hours.

It's true, McAfee could indeed be doing this. Some suggest he is being paid to shill these coins. But does it matter?

If you enjoy the "sport" of day-trading, this is a dream come true. You can literally wait for McAfee's tweet, immediately buy the selected coin, and just watch it rise in value for the next number of hours. Amazingly, these coins have retained most of their new-found value and established new base prices. Verge is the most extreme example of this. Sitting below 2 cents USD before McAfee's tweet and rocketing to more than 30 cents, Verge now sits comfortably at around 20 cents - ten times its value before the announcement, and this is a week after the tweet. The coin has found a new base price, it seems.

Is this a sustainable pattern? How long will it take before the power of McAfee's picks loses its impact, no longer causing frenzied buying activity?

My advice for now: If you enjoy the quick pace of day-trading, pick out some low satoshi coins that are off the radar. Be ready to pull the trigger the moment McAfee makes an announcement. Most of his pick-of-the-day tweets take place in the early morning on the west coast of America (around 6:00-7:00 am PST). Then, watch the coin rise in value and either hold on or sell off for the next pick once you have reached your target price.

This, of course, is extremely risky and should not be done with any amount of money that you can not handle losing!

*This is not professional trading advice - just my opinion!

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