Reddcoin is a cryptocurrency that allows users of existing mega social networks such as facebook and twitter to send money to each other - so it effectively adds some of the benefits of Steem to these massive, existing sites. Yesterday John McAfee tweeted out his hot tip to buy it and the price soared.
I had actually bought some Reddcoin before John McAfee got to talking about it and so I had a nice surprise christmas gift from him! I don't personally want to support Reddcoin as a utility since I don't really want to support the mega corporate networks as utilities, however, I always like to test such new technology and will play with it to see what can be learned as I evolve my own social network and also develop systems that work with STEEM.
I'm not into making predictions for the value of cryptocurrencies beyond about 48 hours into the future, but since these are still only a couple of US cents per coin, I suspect Reddcoin is a decent prospect for those looking to see some return on their trades!
Here's some more info on Reddcoin:
I think.. This crypto reddcoin will be able to compete with crypto other to win the investment in the market crypto.
@ura-soul
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merry xmas, i upvotes you, and follow u
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Thanks, Followed back! :)
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I am happy for your gains, but I am really not a fan of this McAffee hype. I don't think that a single Twitter user can have that much influence over the market? If he does, then something is seriously wrong with our community. Much rather, what I see happening is him shilling more coins, newbies buying them high and getting burnt because his 100%-legit-tweet-magic suddenly didn't not work.
Also, he back-peddled on Electroneum, a project he shouldn't have supported in the first place, so there's that. Good guy, bad tweets.
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The large jump in the price of Reddcoin is synced to the time of his post very closely. I don't think it's 'our community', so much as just people in general around the world who, for some reason, consider him to be knowledgeable about such things. I don't personally see much reason to follow him or even consider him to be more knowledgeable than many tech people, but he is in a position of influence and that's why we see these results after his tweets.
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Yeah, that is true. "Our community" was referring to "Crypto Community" which is still <0.1% of the World.
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I think is not good to buy blindly because John McAfee mentions this coin is under the radar since 2014. The best way is to be sure you like the coin and do your own research before pouring some money on it.
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certainly, yes - I did do that before I bought them - there's no guarantee of success with any of them.
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More of a pre-Christmas gift.
Whatever John talks about today, will be the Merry Christmas gift.
If I was a betting man, I think it would be Verge or ZenCash
Coins of the Day so far
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Yes, everything he say people immediately pump money into it and price goes up. It's simple, just turn on notification from Mcafee's twitter and invest in that...you will be in plus every day :)
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@ura-soul I have not followed Twitter at all for the past couple of months, I guess I am missing out on some great opportunities.
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Wow amazing @ura-soul 😀😀😀
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all it takes is one Big Figure to shake things up =D
looks like i gotta wait a bit to buy Reddcoin, nvrmind, i;m buying
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great
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