Bitcoin (BTC) Price Prediction: Could a Long Wick Bounce Upwards to the $7,500 Mark? – U.Today

While the crypto headlines have been focused on yesterday's Bitcoin (BTC) price collapse, Redditors have noticed an interesting thing going on in the crypto market. The following figure eloquently illustrates what can occur simultaneously - greed and fear.

Yesterday's rapid price drop resulted in multiple Bitcoin jokes, including one as a Black Friday sale. The price of the cryptocurrency even dipped below $6,900 USD on some exchanges. This led to a call for widespread liquidation, as the 24-hour trading volume from yesterday totaled more than $34.24 billion USD.

Image by:https://coinmarketcap.com/currencies/bitcoin/historical-data/

As a result, yesterday was the fifth largest trading volume on record for BTC.

Was it really that much? Well to start, the number increased 55% in one day. Such results were higher one month ago, when the price of BTC increased by 17.4% in a couple of hours. This was the last time that BTC was in the five-digit category. The trading volume was 2.5 times less on the 17th of December 2017, when the price of BTC was at an all-time high (ATH) of $20,089 USD.

Prior to yesterday's price drop, a community obsessed with fear missed two potentially interesting indicators. Investor and engineer Preston Pysh noticed that theMayer Multiple was lower than yesterday, which has only occurred 5% of the time in BTC's price history.

This indicator also shows that the current price of BTC is divided by its 200-day daily moving average. Since its creation, the Mayer Multiple daily average for BTC is1.45. The Mayer Multiple from yesterday was 0.78, and some people used that as a factor in determining whether BTC was overbought, fairly priced, or undervalued.

Well-known crypto analyst PlanB called this behavior "normal" for BTC and showed how its price could reach $100,000 USD between 2020 and 2022. Yesterday also saw a whale finalize a huge transaction worth more than $330 million USD. Such a transaction can be placed among the all-time top 10 transactions.

Is the game over for bears? Share your opinions on Twitter!

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Bitcoin (BTC) Price Prediction: Could a Long Wick Bounce Upwards to the $7,500 Mark? - U.Today

Bitcoin Primed for a Move to $8,000, but Bear Trend Isnt Over Yet – newsBTC

After facing a sharp drop into the upper-$6,000 region yesterday morning, Bitcoins bulls have stepped up and propelled the crypto higher, laying the foundations for the cryptocurrencys recent lows to be a mid-term bottom for BTC.

Analysts now widely expect Bitcoin to see further gains in the short-term, but it is important to note that the cryptocurrency is still firmly caught in a mid-term bear trend, which means that it may ultimately see further downside in spite of its near-term bullishness.

At the time of writing, Bitcoin is trading up over 2% at its current price of $7,320, which marks a notable climb from its daily lows of roughly $6,700 that were set during BTCs latest sell-off.

This level has long been viewed as a strong level of support for the cryptocurrency, and its bullish price action in the time since it visited this level confirms that this is in fact a strong level of support, and may signal that further bullishness is imminent in the near-term.

Further supporting this notion is the fact that Bitcoin has broken above the upper boundary of a clearly defined pennant that it formed in the time following its recent drop, which may signal that further upwards momentum is imminent.

Big Cheds, a popular cryptocurrency analyst on Twitter, spoke about this in a recent tweet while pointing to the chart seen in the below tweet.

$BTC #bitcoin early action favors bulls, he concisely noted.

As for where this upwards momentum may lead BTCs price in the near-term, Alex Krger, a popular economist on Twitter who focuses primarily on cryptocurrencies, explained that he believes BTC will visit $8,000 shortly, but that further downwards momentum is imminent.

$BTC views this is a bear market, price action says so price set a local bottom today $8000 will trade again soon => short above good spots for longs: $6400/$6000 high odds halving wont be bullish many miners will capitulate if hash growth continues unabated, he explained.

Assuming that the upcoming mining rewards halving is not a bullish catalyst for Bitcoins near-term price action as Krger believes, BTC may see significant further losses in the coming weeks and months.

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Bitcoin Primed for a Move to $8,000, but Bear Trend Isnt Over Yet - newsBTC

Bitcoin Price Dumps Can Be Identified by One Simple Method, Notes Analyst – BeInCrypto

The Bitcoin price often creates repetitive patterns that can be identified to predict future price movements. One such pattern is created by a long bearish upper wick and a moving average (MA) rejection.

The Bitcoin price has been known to be very volatile. Therefore, when trading, it is important to use several methods to reduce your risk such as using stop losses, low leverage if you are margin trading, and proper trade sizing.

However, especially in the case of stop losses, significant fluctuations in the form of wicks can often trigger them. In this case, the price moves very quickly in one or the other direction before swiftly reversing. This effectively stops out traders from their current position.

However, wicks create several important patterns, which when used along with indicators can help in predicting future prices.

Cryptocurrency analyst and trader @cryptopeppa suggested that a pattern of upward wicks an a rejection once they reached the 100-hour exponential MA suggests that the Bitcoin price will decrease.

Lets see if we can find more of these patterns and if they can be successfully used to predict the Bitcoin price.

In the pattern, the Bitcoin price first initiates a downward move. After some consolidation, it begins an upward move which is ultimately unsuccessful and leads to the creation of a long upper wick. The wick stops once it reaches the 200-hour moving average (MA) and an important Fib level. In the case below, it was the 0.5 Fib level.

Additionally, after the wick, the Bitcoin price made two more attempts at breaking out above the MA. However, both were unsuccessful. It is imperative that the price reaches a close above the MA for the reversal to be initiated.

Another similar pattern transpired on November 17. After a decrease, the Bitcoin price made an attempt to retrace upwards. The first attempt ended once the price reached the 100-hour MA and the 0.618 Fib level, similar to the previous move.

However, the Bitcoin price made another attempt, which retraced fully to the pre-breakdown prices. However, the movement also ended with the creation of a long upper wick.

Another full retracement occurred in September.

This time, after a decrease, the Bitcoin price made a double top at the 0.618 level. This was below the 100-hour MA.

Afterward, it made an attempt at moving above the MA, which ended in a similar wick. This decrease was more easily identified since it was combined with a bearish divergence in the RSI.

To conclude, wick rejections at a significant MA do not necessarily mean that the Bitcoin price will dump. Previous market structure plays a big role in determining if they will.

A rapid price decrease followed by an attempt at a reversal, in which a wick is created a significant Fib level and MA, very often leads to a dump. The potential for further decreases is strengthened by the presence of a bearish divergence in the RSI.

Disclaimer: This article is not trading advice and should not be construed as such. Always consult a trained financial professional before investing in cryptocurrencies, as the market is particularly volatile.

Images courtesy of Twitter, TradingView.

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Bitcoin Price Dumps Can Be Identified by One Simple Method, Notes Analyst - BeInCrypto

Cops nab fraudster by tracing phone number linked to Bitcoin purchases – The Next Web

A 25-year-old woman who spent $300,000 using credit card and bank account information bought with Bitcoin BTC has pleaded guilty to wire fraud.

Briana Burford, of Fort Lee, transferred Bitcoin to accounts linked with carding websites four times between October and December 2018. Such websites typically host stolen or otherwise illegally obtained financial and personal identification information.

Authorities said Burford used two phone numbers connected to the Bitcoin transactions to contact banks and ask about specific bank accounts, which were then targeted for fraud.

One of the numbers was even used to contact a bank and enquire about an account that she later used to complete a $9,000 transaction.

How the Bitcoin was linked to the two phone numbers has not been revealed, but many cryptocurrency exchanges, which sell Bitcoin, require a phone number for verification purposes.

She is now facing a maximum potential penalty of 20 years in prison and a $250,000 fine, or twice the gross gain or loss from the offense.

Burford who is set to be sentenced in March 2020 is not the first fraudster to inadvertently expose their identity or that of their criminal colleagues.

Back in June, Hard Fork reported on how a Bitcoin dark web drug ring was busted after a dealer doxed himself buying stamps.

Yes, you read that right: the dealer bought pre-printed postage online using his real identity!

Published November 22, 2019 13:05 UTC

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Cops nab fraudster by tracing phone number linked to Bitcoin purchases - The Next Web

Localethereum Becomes Localcryptos and Adds BTC Trading – Bitcoin News

P2P trading site Localethereum has rebranded to Localcryptos, allowing users to buy and sell both ETH and BTC without KYC. The platform has been providing peer to peer trading services for ethereum since 2017, but in a surprise announcement this week, the website revealed its new home, localcryptos.com and rolled out its P2P trading service and fiat onramp to bitcoin users. Visitors to Localethereum will now find themselves redirected to the new multi-currency site, in a move which will give rival P2P exchange Localbitcoins (LBC) pause for thought.

Also read: Traders Bemoan New Localbitcoins Identity Requirements

Localcryptos is painting a target on the back of Localbitcoins, placing itself in direct competition not only by offering BTC trades, but by making it possible for users to import their reputation score from one site to the other. The platform announced: When you join LocalCryptos, you can bring your profile reputation from LocalBitcoins. That way, you can keep your hard-earned reputation you dont need to start over.

By making it as simple as possible for LBC users to carry over their positive reputation, Localcryptos has fired the first shots in a new battlefront for the P2P exchange marketplace. Localcryptos also elaborated on what it considers to be a number of issues with the long running BTC onramp, of which security was at the top of the list. Localcryptos did not hold back on its criticisms of the longstanding exchange, writing: LocalBitcoins looks the same today as it did in 2012, and theres plenty wrong with it. Platforms like LocalBitcoins are centralized, custodial, and a far cry from private.

By comparison, Localcryptos is a non-custodial service where users retain their private keys, an advantage which will be welcomed by traders who are well aware of the fairly regular hacks and security breaches that centralized services fall foul of. The system in place on Localcryptos is similar to P2P bitcoin cash marketplace local.Bitcoin.com which launched earlier this year.

The escrow feature on Localcryptos is noncustodial, using ethereum smart contracts for ETH trades and P2WSH for bitcoin, so whatever crypto youre trading, the funds are never held on a centralized server at any point. For anyone interested in exactly how the decentralized bitcoin escrow service is achieved, Localcryptos goes into the nuts and bolts here.

As well as rolling out its service to bitcoiners, Localcryptos intends to extend its P2P trading service to other ERC20 tokens over time, and eventually plans to tackle non-fungible ERC721 tokens as well. P2P exchanges have often labored with low trade volumes and liquidity, an issue which news.Bitcoin.com recently covered in a report on decentralized exchange Bisq. If Localcryptos spreads itself too thin across too many tokens, theres the potential for liquidity issues to surface.

At present, however, with 100,000 users worldwide and 1,000 active users on any given day completing 200 trades, Localcryptos looks set to create another valuable decentralized gateway for BTC with minimal or no KYC. Coupled with the BCH marketplace available at local.Bitcoin.com, and bitcoiners bemoaning the loss of LBC have new platforms to turn to at last.

What are your thoughts on Localcryptos.com? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not an offer, solicitation or a recommendation, endorsement, or sponsorship of any products, websites, software, services, or companies mentioned. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Images courtesy of Shutterstock.

Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see whats happening in the industry.

Kai's been manipulating words for a living since 2009 and bought his first bitcoin at $12. It's long gone. He's previously written whitepapers for blockchain startups and is especially interested in P2P exchanges and DNMs.

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Localethereum Becomes Localcryptos and Adds BTC Trading - Bitcoin News

Bitcoin Breaks $7,000 as Whale Dumps on Huobi – Bitcoinist

Bitcoin kept bleeding on Friday, extending the gradual losses from the past weeks. BTC broke below $7,000 just around the time US markets opened on Friday, sliding to $6,791.46.

The reason for the breakdown of bitcoin may be the wallet of the Plus Token scam, which is once again selling its haul through Huobi. In the past months, the size and scale of the scheme became known, as well as one of its chief wallets containing 38,000 BTC.

The Plus Token scam was largely unknown until the summer of 2019, as it was spreading mostly through Chinese-speaking channels. The scheme took away as much as $2.9 billion in BTC.

Until recently, the Plus Token wallets only sent small regular transactions of 600 to 1,000 BTC per day, slowly liquidating the haul. But as bitcoin entered a bearish setup, the selling has accelerated. Reportedly, Plus Token gathered 200,000 BTC and 800,000 ETH.

The decision to sell arrives at a moment when Chinese authorities, both governmental and local, turned more hawkish to local cryptocurrency projects and attempts at selling tokens. Peoples Bank of China also announced it would crack down on cryptocurrency exchanges, also outlining token sale projects pushing their products aggressively.

The current correction may be due to the over-reaction, which pushed Chinese enthusiasm for Bitcoin over the top.

The move by Plus Token may arrive after fears of more significant repercussions, especially after reports of recent crypto-related arrests.

The rapid move of Chinese authorities against local crypto businesses may cut short the heightened activity on exchanges that serve Chinese trading interest. A crackdown could also dampen local OTC activity.

The Plus Token selling also means that some of the pyramid members are still at large and capable of controlling wallets. But with recent reports and arrests in Chinese offices of crypto firms, Plus Token once again attempts to liquidate urgently.

Analysis reveals that Plus Token attempted to mix its bitcoin through Wasabi Wallet, though most of its activity remained traceable. At this point, analysts still recognize transactions originating from some of the related addresses.

What do you think about the latest Bitcoin price crash? Share your thoughts in the comments section below!

Images via Shutterstock, Twitter @Doveywan @ErgoBTC

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Bitcoin Breaks $7,000 as Whale Dumps on Huobi - Bitcoinist

Ripple (XRP) Price Trend Overwhelmingly Negative, Bitcoin Dives To $7.5K – newsBTC

Ripple price is now trading below key supports against the US Dollar and bitcoin. XRP price might continue to face sellers near the $0.2480 and $0.2500 resistance levels.

In the past three sessions, there was a sharp decline in bitcoin price below the $7,800 support, resulting in a downward push in ripple and Ethereum against the US Dollar. XRP/USD failed to stay above the $0.2450 and $0.2420 support levels, and declined heavily.

Moreover, the price broke the $0.2400 support area and settled well below the 100 hourly simple moving average. Finally, the price tested the $0.2350 support area and a low was formed near $0.2347.

Recently, the price started an upside correction above the $0.2400 resistance area. Besides, there was a break above the 50% Fib retracement level of the recent drop from the $0.2526 high to $0.2347 low.

However, the previous support near the $0.2450 and $0.2460 levels is currently acting as a resistance. Additionally, the 61.8% Fib retracement level of the recent drop from the $0.2526 high to $0.2347 low is also near the $0.2458 level.

More importantly, there is a new bearish trend line forming with resistance near $0.2450 on the hourly chart of the XRP/USD pair. Therefore, ripple price might struggle to clear the $0.2450 and $0.2460 resistance levels.

Should there be an upside break above the $0.2460 resistance, the price could test the $0.2500 area and the 100 hourly SMA. The main resistance for a trend change is near the $0.2580 level.

On the downside, an initial support is near the $0.2400 level. If the price fails to stay above $0.2400, it will most likely continue lower towards the $0.2350 support area.

Ripple Price

Looking at the chart, ripple price is clearly positioned in a downtrend below the $0.2450 level. As long as the bears remain in action and the price is below $0.2500, there could be more downsides in the near term.

Hourly MACD The MACD for XRP/USD is struggling to remain in the bullish zone.

Hourly RSI (Relative Strength Index) The RSI for XRP/USD is currently just above the 40 level, with a minor bullish angle.

Major Support Levels $0.2400, $0.2360 and $0.2350.

Major Resistance Levels $0.2450, $0.2460 and $0.2500.

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Ripple (XRP) Price Trend Overwhelmingly Negative, Bitcoin Dives To $7.5K - newsBTC

Exclusive Interview with John McAfee: Epstein Didnt Kill Himself, Bitcoin to Hit $1 million, & Rus – U.Today

In the first part of our interview with John McAfee, we discussed various topics in-depth, such as his run for President, McAfeeDex, and his opinion on stablecoins. Today, we continue talking about the future of cryptocurrencies and the governments role in it. Mr. McAfee also told me about the story behind the upcoming film King of the Jungle. It is based on the story of the Wired reporter Joshua Davis and his three weeks with McAfee in Belize. Lets jump right into it.

WARNING: Do not attempt to duplicate, recreate, or perform the same or similar stunts or tricks with guns as personal injury and/or property damage may result. U.Today is not responsible for any such injuries or damages.

U.Today: Youre launching a new token called Epstein Didnt Kill Himself. What can you tell me about this token? Why did you call it that? Why is Hillary Clinton being advertised in the picture?

John McAfee: Okay, it's obviously a joke coin like Dogecoin. There are a couple of things with this token. I believe very strongly that Jeffrey Epstein did not kill himself. I think it's in the interest of the American people and perhaps the world to understand that we must find those responsible for it, and trace it back to those corrupt individuals in power who can do things like wack people while they're in jail. Being in jail is the easiest place to kill someone, and every gangster knows this. So, a little bit to that extent, I took advantage of the memes floating around the Internet. Jeffrey Epstein Didn't Kill Himself is a big meme. Everybody was making memes so I thought I would make my own. Mine is the WHACKD token, and with every transaction, 10% is skimmed off the top. With every 1,000 transactions, 1 receiver will lose everything - the entire transaction. It's just whacked. The coin acts as if its in a crypto environment, in which there are criminals skimming off the top. There are people whacking entire assets from someone else.

Now, what's not a joke - after we constructed this [token], I realized that we've created a truly deflationary token. I mean those who want to exchange or sell their tokens will be the losers, right? Its because the more they sell, the less volume available. What I mean is that with fewer tokens, the ones who are holding onto their supply will see that supply increase in value. It's just a great social experiment.

U.Today: So what about Hillary Clinton?

John McAfee: You know, I know nothing whatsoever about the lady. Ive never had dinner with her, nor have I shaken hands with her. So, I am not one to answer anything about her. I mean, rumors on the internet are just rumors on the internet. I mean they're sparked by God knows who, and are extinguished by the next rumor.

Image viahttp://mcafee2020.com/

U.Today: So, its just a joke?

John McAfee: Yes, it was just a joke. Of course, the whole thing is just a meme. You know, a meme looks at a particular situation from a whimsical or interesting aspect. This is what makes it funny. That's all, and so people are creating memes. This one is mine.

U.Today: Did you know Jeffrey Epstein personally?

John McAfee: No, I did not.

U.Today: What are your thoughts on Chinas digital currency - the Digital Currency Electronic Payment (DCEP)? Will the US launch a digital US Dollar in the near future?

John McAfee: I think that every country and every nation state on this planet will launch their own cryptocurrency. I mean they will be forced to do so because it is so clear that fiat currencies, paper currencies, and even credit cards are so vastly inferior in terms of safety, speed, and ease. In terms of the entire economy, cryptocurrencies are vastly superior, so governments will have to create their own. People, please be aware that all of the coins created by governments on blockchains will monitor your every penny, where it goes, and for what purpose. I mean it's just one more bar in your cage. You can seize upon the opportunities offered by cryptocurrencies, which came by way of the people, and not from the government or from corporations. Just a bunch of ordinary programmers.

I came from the people and take what the people continue to create, which will always be vastly superior to those monolithic, slow-moving dinosaur-like entities called governments. They just can't create them fast enough, but the people can. So let the people continue to create and everyone thats listening to me, please choose the digital currency created by the people. There are thousands. It may take you a little bit of learning, a couple of hours maximum, but learn and understand them. And please don't use the government cryptocurrencies even if they say you must use them. They said that we shouldnt smoke marijuana for the last 75 years. I've heard that people still smoke marijuana. So, you tell me about the difference. Please people, stick with the people, and not with the power that has been suppressing you for thousands of years.

U.Today: Okay. Do you still believe that Bitcoin (BTC) will hit its $1 million dollar mark by the end of 2020? We all remember what you were going to do if it doesnt hit that mark. What are the reasons that support your belief?

John McAfee: Because Bitcoin is another deflationary currency. No one has noticed this yet. I don't understand it. There are only 21 million [coins] that can ever exist, and 18 million [coins] have already been mined. This leaves only 3 million left, and it will take many years to mine those 3 million coins. In the meantime, 7 million coins have been lost forever, and for every coin that's mined, four are lost. Do you understand? This is the world's first automatic deflationary currency.

Since nobody seems to have noticed that, I promise you that when they do, which will be within a matter of months, people will go, Oh my God, look what we missed!

Image viahttp://mcafee2020.com/

U.Today: But why 2020?

John McAfee: Well, because 2020 is 14 months away. I mean the end of 2020. Trust me, that's plenty of time.

U.Today: Do you really know Satoshi Nakamoto? How do you know him? Can you give us some details that wont compromise Satoshis identity? Is it a man, a woman, or a group of people?

John McAfee: I do. Satoshi is a man. That's all I can tell you. Of course, I know who he is, but let me ask you a question. Everybody wants to know about Satoshi, and I was just ready to say something. I was asked not to tell anyone, and while he did not admit to me that he was Satoshi, he did say one thing, Imagine if the world knew who Satoshi was. Satoshi's life would have to change. Yes. He is certainly one of the world's richest entities. He would have to surround himself with armed guards because he would be the target of criminals, and he would have to change his way of living. He couldn't just go out in the middle of the night, down to the coffee shop, kick up his feet, light a cigarette, and have an espresso - that part of his life is over. He then said:

So, you want to radically change someone's life. What makes you think you have that right? What if you were the 1% that was wrong? You would have totally destroyed an innocent person's life whos now incapable of going to the store or a movie without hiring two dozen, full-time armed guards. Hes at the mercy of the people.

After he said that, I thought, Jesus. My sincerest apologies. I am a stupid old man for not thinking this through. So, do you want me to tell you now?

U.Today: No, please dont. Can you tell me a little about the film King of the Jungle? Did you have a particular role in this film, such as with casting or a cameo in a potential scene? Are you looking forward to this film?

John McAfee: I have nothing to do with the movie. I have nothing to do with any documentary that's been done about my life. This is not a documentary though, it is a fiction. Even though I wasn't consulted, I've been in touch with the screenwriters, as theyre really funny and enjoyable people. But I have no control over the film, nor do I know anything about the casting or anything other than what I read in the news. I find out at the same time as the rest of the world.

I do know that, uh, who is the new kid (*McAfee speaking with his wife Janice and asking her the name of the kid playing the reporter), ZacEfron. Apparently, he's an actor. I don't know as I don't get out much. I seldom watch movies. Documentaries are my thing. ZacEfron is playing the reporter that came down to visit me. It's based on a three-week in-depth story about my life in Belize, where Wired reporter Joshua Davis came down to spend a few weeks with me. I expected him to come down and spend an hour or two, or even a day interviewing me, which I was willing to do. However, he wanted to be with me all the time, or at least when he thought I was doing something interesting. Most people would have said, Oh, you crazy. But I said, All right, if you think you're up for it. Well, he was not up for it. He was literally traumatized by hanging out with me for three weeks.

Image viahttp://mcafee2020.com/

Afterwards, he went back and wrote a story for Wired. There was actually an eBook called John McAfee's Last Stand. I never read it. I mean, I was with him at the time. What can his writing tell me about the events? In the book, he put down what he thought were horrific things. For example, the cover of the ebook is certainly a well-known photo of me with no shirt, my tattoos, and a gun to my head. That's on the cover of the book. After it was all written, they got that photo by sending photographers down here because Josh is a writer, not a photographer.

That [photo] was based on his second day with me, when we were sitting in San Pedro at a big oak table. He was so naive about life. And I said Joshua! You have to understand, you can't believe anything that you hear. Only half of what you see, and this is the truth. And he said, Well, that's nonsense. That's philosophy. And I go, Hey, watch this. I always carry a gun. I pulled out a .357 Magnum revolver, emptied the rounds onto the table, showed him that it was empty, picked up one of the rounds, put it in the gun, spun the cylinder, put it to my head, and pulled the trigger. And he was screaming, No, don't! Dont! You know, he's a slightly built young man, and he's not gonna **** with me or do something because he's literally screaming, You don't have to do this! And I said, Okay. Well, I apologize.

Image viahttp://mcafee2020.com/

I then spun the cylinder again and it went click, and now he is totally ****ing frantic. While he's frantically screaming for me not to do it, I'm just sitting there spinning the cylinder while he's yelling. I must've done it 35 times. I then said, Now, Josh, watch this. So with a gun in my hand, I took him outside to the beach, aimed the gun at the sand, and pulled the trigger. Boom! Sand goes flying everywhere. Now, Josh is a writer. Any mathematician would know, You know dude, if you've got a bullet in there, there is no powder in that cartridge. I mean, any rational person would say that, and by the way Mr. McAfee, that is a great trick. With Josh, it was a no.

You just pick one up, put it in the gun, and play Russian Roulette. Any magician would have gone and said that's a good trick. Any rational person would have gone and said, That's a trick. How did you do it? But Josh being naive took it for real. So that was his second day. So for the next three weeks, I ****ed with him in ways that made that look like a kindergartener pick a card and get the wrong card.

So, what I would do if there was no imminent danger and I wanted to **** with someone, I would always take one of the rounds out of the gun, pry off the bullet, fire the cap so that there's no gunpowder and there's no firing cap now, take another bullet, insert it back in the casing and put that back in the gun. I could always spot which bullet it was because there was an indentation where the firing pin had hit the primer. So, I could dump my bullets anywhere, but no one else would have noticed the indentation. Right? They're just noticing bullets flying everywhere. You just pick one up, put it in the gun, and play Russian Roulette. Any magician would have gone and said that's a good trick. Any rational person would have gone and said, That's a trick. How did you do it? But Josh being naive took it for real. So that was his second day. So for the next three weeks, I ****ed with him in ways that made that look like a kindergartener pick a card and get the wrong card.

After three weeks of that, Josh was literally traumatized. I don't feel bad about it because I hate organized media and the way that they select stories. There are trillions of stories to be told at any point in time. And who are our storytellers today? The media. The mass media are our storytellers, and there are trillions of stories that they could write about. What do they focus on? The things which are in their interest or in the interest of their sponsors or their controllers. Now I had Josh, who was being less naive. If you are naive, then why are you in the media at all? It's people like you who should not be here. So I felt justified. I waited two days before I decided, All right, you're going to get your story, but you're going to get the story that I choose for you.

I chose the story of John McAfee's insanity, and played that story for him for three weeks. That's what the movie is about, and thats why its a comedy. But I have no control over it. I think that the screenwriters are great, but I don't know how they're going to do this. I've read the synopsis, which is about that three week period. That's the entire movie.

I chose the story of John McAfee's insanity, and played that story for him for three weeks. That's what the movie is about, and thats why its a comedy.

U.Today: Why didn't you want Johnny Depp to play you in the film?

John McAfee: I don't think Johnny Depp has experience in life. Not in acting per say, but because even to me, Im a mystery. Some people think Im more of a mystery, while others think Im insane. With todays standards, I probably am, and I'll tell you what is sane today. Sane is buying all of the propaganda that the government and the media feed you while as your commuting to work for up to an hour each way, five days a week for 40 years in a job that you may not love. Thats considered sane because that's what everybody does. So, in that world, of course, there's nobody more insane than me.

U.Today: Last question - What do you think the web will look like in 50 years from now?

John McAfee: The first thing that comes to my mind is God, I would love to be here to see it, but I will not. The second thought is that 20 years ago, I could not have predicted today, nor could anyone on this planet. I have no idea where you are, but that doesn't matter because we're talking face to face. I see your smiling face, your gestures, and your eyes blinking as if youre here. Could you have imagined this 20 years ago? No, the technology did not exist, nor did the concepts other than in Star Trek movies. Now, they're here. So I would be the last person to ask given the history and the 74 years that I've experienced on this planet. The sky is open.

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Exclusive Interview with John McAfee: Epstein Didnt Kill Himself, Bitcoin to Hit $1 million, & Rus - U.Today

3 reasons why Bitcoin WONT make you a millionaire (and stocks might) – Yahoo Finance UK

We can be fairly confident that anyone who had the foresight (or luck) to buy a decent amount of Bitcoin when very few knew about it only to sell at the end of 2017 will be a millionaire. Thats great for them but its not so great, in my view, for the herd who are now invested in a hope that history might repeat itself.

For me, stocks will always be a better option for those wanting to build wealth. Here are three reasons why.

The only way of making money from a cryptocurrency is if someone more bullish (or just more adept at frittering away their money) is willing to pay a greater price than what it cost you to acquire it. Experienced investors know this to be an example of the greater fool theory.

While its true we also buy stocks in the hope theyll appreciate in price over time, we know future demand will likely be based on a companys ability to grow earnings. In other words, theres some substance behind the increase in value. Knowledge of a companys fundamentals also gives us information about when it might be time to sell our holding. With Bitcoin, youll always be guessing.

Another key difference between Bitcoin and stocks is that a huge number of the latter pay out a proportion of their profits to their owners in the form of dividends. Bitcoin doesnt do anything. Hence, anyone holding it to make money is wholly reliant on price appreciation for returns (see point above).

Since study after study has shown that reinvested dividends play a huge role in transforming someones wealth over the long term, thanks to the power of compound interest, I know which horse Id back. The only drawback to investing for income is that dividends can be cut if a company runs into trouble. If this bothers you, dont worry: there are ways around it.

One of the biggest turn-offs about Bitcoin is the fact its price is just so volatile. From its peak in December 2017 to December 2018, for example, it fell a little over 80%. Six months later, it was roughly 250% higher.

This kind of rollercoaster ride might be a traders dream (assuming they call it right), but its not something Foolish investors should warm to. Indeed, this is one reason why the adoption of Bitcoin as a form of payment isnt really happening. If you owned something that could quickly double or triple in value, would you actually spend it?

Sure, stocks go up and down thats all we can be 100% certain of. Unless you happen to be unlucky, or pick risky oil, mining or biotechnology stocks however, youll probably never experience the kind of volatility endured by Bitcoin believers.

Even if you do pick a dud or two, the fact that investing in the stock market allows you to spread your money across multiple companies, sectors and countries should prevent you from being wiped out completely.

Bitcoin could go to the moon but it could also end up worthless. My gut is screaming the latter. So long as youre strapped in for the long term however, picking stocks will always be a safer way of building a seven-figure portfolio.

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Paul Summers has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Motley Fool UK 2019

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3 reasons why Bitcoin WONT make you a millionaire (and stocks might) - Yahoo Finance UK

Forget Bitcoin and gold! Id invest 5k in the FTSE 100 today – Yahoo Finance UK

Investing in Bitcoin or gold has become increasingly popular in 2019. After all, theyve both delivered strong returns, with the virtual currency rising by over 100% and the precious metal moving over 15% higher.

Looking ahead, they could continue to deliver strong gains in the short run. However, over the long run they both face risks which may make them less appealing than some investors realise.

As such, buying shares could prove to be a better idea. Low valuations across the FTSE 100 may mean that its returns are relatively high, while its risks can be limited through a diversification strategy.

Bitcoin faces a highly uncertain future. Not only is it impossible to gauge whether the virtual currency offers good value for money or not, regulatory threats remain an ongoing risk to its performance.

A number of lawmakers, such as central bankers, have stated theyve major concerns about Bitcoin and other virtual currencies. Should this lead to changing regulations, it could hurt the growth prospects of the cryptocurrencys price in the coming years.

Gold may also face a more challenging long-term outlook than its current price suggests. Although interest rates in the US have fallen in recent months, theyre unlikely to remain at a low ebb in perpetuity.

Therefore, when they do rise, gold could become less appealing compared to income-producing assets. This may cause its price growth to slow in the coming years.

Additionally, if investor sentiment picks up, riskier assets such as stocks may become more appealing than gold. Since the stock market has always recovered from its periods of uncertainty, this situation appears to be highly likely over the long term.

While the stock market may experience a period of uncertainty in the short run that leads to capital losses for investors, this could present a long-term buying opportunity.

Across the FTSE 100, there are a number of companies that currently offer margins of safety. Over time, their discounts to intrinsic value may narrow and lead to capital gains for their investors.

Crucially, its relatively simple for investors to gauge whether a specific company offers good value for money. This is in contrast to Bitcoin, where investor sentiment is the sole determinant of price. As such, it may be easier to capitalise on the cyclicality of the stock market than it is for the virtual currency.

In addition, many FTSE 100 shares offer high income returns at the present time. The history of the stock markets total returns shows the reinvestment of dividends can make a major impact on overall returns in the long run. Therefore, the income appeal of shares versus gold could make them a better place to invest for the long term.

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Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makesus better investors.

Motley Fool UK 2019

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Forget Bitcoin and gold! Id invest 5k in the FTSE 100 today - Yahoo Finance UK