I partially agree. While it is true that the mentioned cryptocurrencies were pumped, I can see some benefits:
- Better recognition - I haven't heard about any of these till now (frankly, I don't know many cryptocurrencies but on the other hand I know some bizarre ones like dogecoins for example :p).
- People who already owned them will benefit from the sudden price boost provided they've set their sell threshold + some lucky ones that were able to buy right before the hype.
- As You've already mentioned - the price returned back to its original position so no harm done, right? I know there may be long-term consequences but I don't think we can blame McAffee with 100% certainty for these, can we?
To sum up, I can't really see how it is that bad except for the obvious reason why he's making these tweets. Then again, I'm not really a market person and I'd really appreciate if You could elaborate more on this. I'm curious about Your insight because I have a feeling I may be missing something in my reasoning.
Now you have his another tweet. Shifting from coin of the day to coin of week. That's better.
Oh, that's nice. I think this may be a golden mean in all of this. I feel kinda sorry for him though, seems like he met with a very negative feedback for his actions.
It is impossible to make any kind of recommendation at all in the cryptosphere without someone accusing you of performing a "pump and dump" scheme. The new surge in popularity has unfortunately attracted some rather hysterical individuals to the party.