Cybersecurity pioneer and eccentric digital currency advocate John McAfee, who has long been a digital token promoter have revealed today that he will not promote ICO again because of the perceived "threat" of the Securities and Exchange Commission. Mcafee revealed this through social media on his Twitter hand.
Well, a person of his cadre has be very sure about the team of any project he is promoting.
Few months ago he promoted an ICO and some of my friends because of the confidence they repose on McAfee, they invested hugely in the project even without any research, today even though token is in CMC, but the value is worthless. Not buying the ICO should have been far better.
Technically, Mcafee is right, but it was their own fault for investing hugely without prior research. If only they've paid more attention to the whitepaper or the project itself, maybe they wouldn't lost so much. That's why I mostly don't listen to those "experts" because I think they are just using their influence to hype something which is a no no sign for me.