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Why Its Safe To Discuss Bitcoin And Crypto At This Years Thanksgiving – Forbes

smiling family with turkey celebrating thanksgiving day at home

Last Thanksgiving a lot of crypto enthusiasts were forced to eat crow instead of turkey.

After all, many friends and relatives bought bitcoin or ether after first hearing about it over dinner in 2017. While most were not expecting to retire on these investments overnight, they also did not foresee the bitcoin price dropping 80% (from $20,000 to below $4,000) in the next twelve months.

This years conversations might still turn acrimonious, but they will likely have more to do with President Trumps impeachment hearings, the 2020 election, or the perilous state of the global economy.

That said, there is still much to discuss regarding crypto. Here is what everyone should know before they sit down for that 2:30 pm dinner.

The Price of Bitcoin, Ether, and other Crypto Assets Are Rebounding

If your Uncle Charlie was unfortunate enough to buy into the market in late December 2017, he is probably still licking his wounds. However, most people probably do not realize that the prices of bitcoin and ether have at least doubled since their nadirs at the end of 2018.

The bitcoin price has risen from slightly above $3,000 to $8,300 today

Ethereum has moved from $84 to just above $175

These gains may not make everyone whole, but they are encouraging.

Additionally, there is a significant increase in institutional interest in the space, lending platforms continue to expand, and financial markets are diversifying into products such as derivatives. All of this will add transparency, reduce fraud and arbitrage opportunities, and make regulators happy.

Crypto is in the Spotlight like Never Before

In what was probably beyond Bitcoin creator Satoshi Nakamotos wildest dreams, bitcoin entered the presidentialtwittersphere. On July 11th President Trumpdirected a series of tweetsat bitcoin, libra (Facebooks coin i.e. Zuck buck), and cryptocurrencies writ large, dismissing them as unregulated assets with no innate value or use cases other than to support illicit activity.

The president has almost 67 million followers on Twitter, and the reach of these quotes is far higher when one takes into account press reports and shares. To people who avoided the 2017 hype, this was bitcoins coming out party.

It is almost irrelevant that the posts cast crypto in a negative light because:

Crypto represents a threat to the U.S. dollars global dominance, which has been a driver of U.S. economic prosperity for decades. It is also useful when it comes to sanctions. If President Trump made a statement, it was likely going to be negative.

Most observers recognize that governments are risk adverse, especially when it comes to money

If President Trump felt it necessary to tweet about bitcoin, Libra, and crypto he must feel that there is more substance than smoke

And now 67 million people are curious.

Mark Zuckerberg Became the Hero Crypto Deserved, but not the One It Wanted

If the presidential spotlight wasnt bright enough, Facebook founder and CEO Mark Zuckerberg brought it into solar-eclipse territory when the company announced its stablecoin initiative, Libra, in June. (For readers unfamiliar with stablecoins, they are a novel form of crypto asset that is designed to maintain a constant peg to an asset such as the U.S. dollar. Libra will actually be pegged to a basket of global reserve currencies).

The announcement was widely criticized amongst regulators and populations around the world for a couple of reasons.

The Facebook CEO, Mark Zuckerberg, testified before the House Financial Services Committee on ... [+] Wednesday, October 23, 2019 Washington, D.C. (Photo by Aurora Samperio/NurPhoto via Getty Images)

There remain multiple legitimate questions about how Libra will operate as an open platform yet remain secure and compliant with global sanctions and relevant regulations

Facebooks reputation is at an all-time low, much of it stemming from incidents such as the Cambridge Analytica scandal and growing concerns about the companys privacy policies. So why would anyone want to now give the company access to their financial data?

Mark Zuckerberg actually acknowledged the irony of the Libra announcement when he testified in front of Congress this fall. In his opening statement he said, Im sure people wish it was anyone but Facebook putting this idea forward.

It remains to be seen when or if Libra ever gets off the ground, but regardless Facebook did crypto a favor. It again highlighted how the current financial system has failed to onboard the 1.7 billion people who are unbanked, underscoring one of cryptos main value propositions.

Now More than Ever, Crypto Represents a Port in the Storm

Though U.S. markets may seem a bit erratic, the global economy is teetering on the brink of another recession. Citizens in the European Union and other countries around the world such as Japan, with negative interest rates are actuallypayingbanks to hold their money and lock-in their losses rather than watch their wealth wither away.

Dovish monetary policy from banks around the world, such as quantitative easing programs and further interest rate reductions may prevent a global recession, but they are unlikely to lead to create a thriving global economy. At least in the near term.

Although bitcoin, ether, and other forms of crypto have some correlation to global markets, they represent the building blocks of a new global economy and model of wealth creation that is decoupled from central banks and monolithic companies.

This suggests that they will clear their own path, one which is more equitable and transparent than the world in which we live today.

To 2020 and Beyond

Even though crypto has been around for 10 years, it is fair to say that we are still in the second inning. Or as Winston Churchill once put it, Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.

The industry is recovering from the 2018 bear market, and trends are looking up.

Happy Thanksgiving!

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Why Its Safe To Discuss Bitcoin And Crypto At This Years Thanksgiving - Forbes

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Bitcoin price: why the digital coin is suffering its biggest fall in six months – The Week UK

Bitcoin and rivals Ethereum and Ripple have suffered their biggest declines in six months, wiping billions off the cryptocurrency market.

After surpassing the $13,000 (10,100) mark in June, bitcoin quickly ran out of steam and entered a state of decline, according to data on ranking site CoinMarketCap.

Prices briefly rose at the end of October, leaping from $7,500 (5,830) to $9,900 (7,700) in a matter of hours, but then began falling once again.

In the past week, bitcoin has sunk from a high of $8,680 (6,750) to around $7,130 (5,550) as of midday on Friday.

Bitcoins rivals have also suffered big declines in recent days.Ethereumsank from a high of $187 (145) on Sunday to todays price of $146 (113) per coin, while banking-focused coin Ripplehas slipped to $0.23 (0.18) from Sundays high of $0.27 (0.21).

A total of around $170bn (132bn) has been wiped from the market since June, following mass sell-offs across the three digital currencies, reportsForbes.

A fresh crackdown on illegal cryptocurrency exchanges in China may have triggered this weeks price drops.

Earlier this month, Chinese state-run newspaper Xinhua ran a front-page article hailing bitcoin as a success, after President Xi Jinping described plans to launch Chinas own digital currency as an important breakthrough, The Independent reports.

The superpower has taken a hard line towards cryptocurrencies and banned bitcoin in September 2017.

But Beijings change of tone seemed to fuel an increase in trading activity on illicit platforms, resulting in a fresh crackdown on illegal exchanges, says the news site.

The Peoples Bank of China (PBOC) has warned that it will take decisive action against any illegal activity around virtual currency trading, while cautioning investors not to confuse bitcoin with blockchain - the technology that underpins cryptocurrencies.

Jamie Farquhar, a portfolio manager at London-based crypto investment firm NKB Group, told Reutersthat the PBOCs crackdown on illicit digital currency trading suggests that Chinas acceptance of the technology is unlikely to include bitcoin.

Its the realisation that the positivity over Xis blockchain announcement was exaggerated, he told the news site. It may not include bitcoin at this point.

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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.

Did you know you can trade sign-up to trade Bitcoin and many leading altcoins with a multiplier of up to 100x on a safe and secure exchange with the lowest fees with only an email address? Well, now you do!Click here to get started on StormGain!

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

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Bitcoin Crashes Back to $7.4K Completely Wiping Out the October Rally – Cointelegraph

Bitcoin (BTC) finally dropped all the way down to the $7.4Ks in minutes as anticipated in our previous analysis if the key $7.8K level did not hold.

Cryptocurrency market daily performance. Source: Coin360

Over the past week, BTC/USD has faced a slow grind down to the $8,000 price level. Now, Bitcoin also broke below its 0.786 Fibonacci retracement level as well its last major level before a confirmed full retrace of the Oct. 25 rally to $10,500.

After a short bounce, Bitcoin has bounced back to around $7,600 at press time.

As Cointelegraph reported, rumors of Chinese authorities raiding Binances Shanghai offices were likely also responsible for the drop. However, the exchange said that they had not received a notice from Chinese authorities, which required Binance to detail its activities.

Specifically, a Binance spokesperson denied the rumors, saying:

Binance has no fixed offices in Shanghai or China, so it makes no sense that police raided on any offices and shut them down. [...] There has been a recent spike in the number of negative articles and activities against Binance in China. We wouldn't delve too much into what causes this, because we prefer to continue BUIDLing our solutions.

Nevertheless, after several days of choppy price action, BTC/USD finally posted a decisive drop below $8,000 falling under its 0.786 Fibonacci retracement level at $7,870 and plummeting all the way down to $7,390.

This was the level of consolidation prior to the historic 42% price rise on Oct. 25.

BTC USD daily chart. Source: TradingView

If Bitcoin falls further below $7,307, it may indicate its bullish swing up to $10,500 on Oct. 25 was a fluke, resulting in net sideways action for the past month. Furthermore, a bearish outlook might even see BTCs recent $10,500 upswing as a significant bullish correction albeit in a continuation of a general downward trend.

On a bullish note, however, Bitcoin did not yet breach the previous low and bounced with a fair bit of strength from $7,390 up to $7,640.

Market analyst Keith Wareing meanwhile anticipated the drop, shorting BTC to the $7.4K level, and then immediately taking a long position.

Decided that shorting to $7,350 was the logical move after the support on the Bollinger Bands was broken on all major time frames, said Wareing. If $7350 wasnt to hold, Willy Woo and Tone Vays would be right, and as there are no pigs in the sky or ice in hell, I knew it was the bottom.

If Bitcoin continues to tumble, however, $7,230 may provide a bit of support. Although beyond that, not much buying strength exists before the $6K range.

If $6,000 breaks as easily as it did to the upside in May, however, significant support exists between $5,800 and $5,000 as the market spent considerable time in this region earlier in 2019.

Additionally, the 200-week moving average (MA) now sits at $4,890. At the bottom of the last bear market in 2018, Bitcoins 200-week MA acted as strong support near $3,200. BTC has not closed below its 200-week MA since 2015.

XTZ USD daily chart. Source: TradingView

Tezos (XTZ), on the other hand, was the only standout today gaining on news that the French army is using the Tezos blockchain. But the rally didnt last long. The staking-based digital asset saw a high of $1.30 before dropping down to $1.19 at press time.

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Bitcoin Crashes Back to $7.4K Completely Wiping Out the October Rally - Cointelegraph

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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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Bitcoin Price Gains Prove These Critics Were Dead Wrong – CCN Markets

Bitcoin has shaken the establishment over the years as those who couldnt understand the cryptocurrency have outright rejected it as a pump-and-dump scheme or as a fraud. However, bitcoins price gains have clearly proven those critics wrong. This is exactly what Twitter user Rhytmtrader pointed out recently.

The price change since they criticized bitcoin:

Peter Schiff: 43,492%Nouriel Roubini: 13,052%Emin Gn Sirer: 3,462%Warren Buffett: 1,103%Paul Krugman: 963%Jamie Dimon: 840%Larry Fink: 58%Ben Bernanke: 37%Brad Sherman: 23%Donald Trump: -32%Janet Yellen: -54%

Rhythm (@Rhythmtrader) November 21, 2019

Lets take a closer look at how some of these prominent bitcoin critics have got it all wrong.

Peter Schiff is a well-known gold bug and a big-time bitcoin hater who doesnt let go of any opportunity to criticize the crypto asset. It was only a few days ago that Schiff called the cryptocurrency a pump and dump scheme. And then a few days later, he made a wild claim stating that bitcoin is all set to go down badly thanks to the pot stock crash.

But despite Schiffs best efforts, the price of bitcoin has gone in only one direction north. Schiffs dislike for bitcoin came to the fore just over eight years ago in June 2011, when the cryptocurrency was trading below $20.

Schiff believes that bitcoin has no intrinsic value. He favors gold, stating that the yellow metal has value and can be used for different purposes such as jewelry and electronics. But he seems to be forgetting that bitcoin has come to the rescue of people when banking systems and governments have failed. The divisibility of bitcoin and the fact that it can be used to quickly execute transactions at low costs are utilities that Schiff has conveniently ignored.

So, while bitcoin adoption has gained steam, Schiff has lost out on a ton of money.

Rhytmtraders list also includes economists Nouriel Roubini and Paul Krugman, whose ignorance toward bitcoin has cost a big opportunity to enhance their wealth. Roubini gets happy every time theres a development against crypto.

Good news for 1.4 bil Indians whose savings will not be suckered into 1000s of shitcoins that already lost 99% of their value from peak. Crypto is a massive driver of inequality: sleazy criminal whales getting rich at expense of retail suckers. Inequality in crypto worse than NK! https://t.co/8n9CWGFPvC

Nouriel Roubini (@Nouriel) July 23, 2019

He believes that it is a tool that creates inequality by putting money in the hands of criminals. Roubini might not have had the same views had he brought bitcoin when the cryptocurrency was taking off. It was in April 2013 when Roubini started ranting against bitcoin, and it must be really painful for him to see how the flagship crypto asset has taken off ever since despite the ups and downs.

Gold-bug suckers found another irrational useless bubble fad, the Bitcoin, the bubble flavor of the day. So they are dissin gold 4 Bitcoin

Nouriel Roubini (@Nouriel) April 9, 2013

Paul Krugman is another economist who doesnt have a very bright view of the cryptocurrency. In September 2011, Krugman said that the crypto asset is susceptible to money-hoarding, deflation, and depression. However, it has emerged that bitcoins uncorrelated nature to the stock market and the broader economy is a blessing in disguise.

As it turns out, institutional investors have been pouring money into bitcoin. This is a validation of the crypto asset, and it wouldnt have happened if the words of the critics listed above carried some weight. All of this means that the critics have been wrong this entire time, and they might not get any redemption in the future either.

Click here for a real-time bitcoin price chart.

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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

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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

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Bitcoin Plummets Below $7,000; What’s Behind Its Sudden Tumble This Week? – TheStreet.com

The price of bitcoin took a sudden tumblethis week to the lowest level the cryptocurrency has seen in months, falling almost 19% over the last five days.

Bitcoin was trading at $6,977 as of Friday morning, marking the first time it has traded below $7,000 since May. Even with the declines, the price of one bitcoin hasrisen by about 89% so far this year.

Compared to more traditional assets, bitcoin's bull and bear cycles can be difficult to forecast and explain. Bitcoin observers have speculated that recent price action has something to do with moves by China to crack down on illegal exchanges and to formalize the Chinese government's backing of blockchain technologies, as well as recent changes in how hard it is to createbitcoin. China plans to issue its own cryptocurrency, which could launch within the next 18 months.

Although crypto trading has been restricted in China for years, the country is home to many of the world's biggest bitcoin mining operations. And mining is a good place to look to better understand bitcoin prices, according to Michael Kazley of the asset management firm Crescent Crypto.

"Bitcoin's 'difficulty' is a measure of how likely a miner is to mine a block for a given amount of hashrate and time,"Kazley explained. "It serves to keep the network in balance, and aims to keep bitcoin's block time around 10 minutes, adjusting every two weeks,"

Kazley noted that difficulty rallied to new heights in 2018, bringing bitcoin prices along with it. But bitcoin saw a "substantial difficulty decline" two weeks ago, according to Kazley. "Today, difficulty adjusted upwards slightly, but market participants are keenly watching to see if a bearish difficulty trends continue," Kazley said.

After a slump in the latter part of last year, the price of bitcoin hovered in the $3,000 to $4,000 range throughout the early months of 2019 before skyrocketing again between March and August 2019.

"Historically, bitcoin difficulty has been more resilient than price and even managed to climb during the bulk of the 2018 bear market," Kazley said. "However, we did see a steep difficulty decline in October 2018, which coincided with a very large selloff from the $6,000s to the $3,000s in about a month's time."

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Bitcoin Plummets Below $7,000; What's Behind Its Sudden Tumble This Week? - TheStreet.com

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Singapore may allow trading in bitcoin-based derivatives – FX Week

The Monetary Authority of Singapore issued a consultation paper on whether it should allow approved exchanges to trade in derivatives based on cryptocurrencies like bitcoin.

There is international institutional investor interest, for example from hedge funds and asset managers, in payment tokens such as bitcoin and ether, the MAS said when announcing the consultation on November 20. These institutional investors have a need for a regulated product to gain and hedge their exposure to the

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Singapore may allow trading in bitcoin-based derivatives - FX Week

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