Bitcoin rate will increase to $1,000,000 in three years - McAfee

samcrypto

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Quote from: hopepears on January 13, 2018, 02:26:02 PM

It might be possible to happen since the trend today is gradually increasing. But, then again, we can't say that for sure since the trend can be very unpredictable.

Bitcoin improves every year and I do hope that the problem with the transaction fees and speed will be solve and by this we will see bitcoin on its high note. I know $50k this year is possible and can really go further better to hold more.

senin

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The forecast on the price of bitcoin by 2020 that it will cost a million dollars, to my opinion, is not real. If you consider purely bitcoin and the demand for it, then, perhaps, it would have happened. But bitcoin does not exist in amorphous space. It exists among various states that have serious levers of influence on it. States will not be indifferent to looking at the fact that there is a crypto currency in their territory that is tens of thousands of times more expensive in value than their own currency and that rises and falls in price every day for thousands of dollars, creating confusion and tensions in their economies. As these states will react to this behavior of bitcoin, we will see, but such a reaction will definitely be negative and it will hinder the price growth of bitcoin.

hopepears

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It might be possible to happen since the trend today is gradually increasing. But, then again, we can't say that for sure since the trend can be very unpredictable.

mickymax777

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Quote from: btcwish1 on November 30, 2017, 08:49:33 AM

BTC price is unpredictable but come on! there is limit to everything. $1M in 3 years is just impossible. It may be possible to hit $1m sometimes in future but not in 3 years that's for sure... Roll Eyes

At first I thought the prediction is crazy but if you start quantifying the real quantum of the financial markets and the value of the forex market $1m is achievable.

We are in the process of what I would like to call digitizing the world economy the pace of which is determined by the rate we can feed money into the crypto space.

We are not the early adopters we are the pioneers the1% that know about this tech and will be rewarded for hodling it.

What we do with the new found wealth is the question, there are alot of peole that is giving it to the less privilege. The income will be greater than our expenses. I’m personally committed to donate 10% to charity.

Just HODL

junoreactor

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Quote from: traderethereum on December 17, 2017, 05:28:10 AM

Quote from: Sithara007 on December 17, 2017, 02:58:26 AM

If something like that happens, then do you guys think that the governments will just sit back and watch? Bitcoin is an asset which can never be controlled by the governments (unlike the case with treasury bonds, fiat cash, equities, mutual fund and to some extent bullion). Here in India, the government is trying to charge Bitcoin users with treason charges!!!

I am sure that the government will interfere and will do whatever they think that they can to ban or stop bitcoin for not going more increase. although the government cannot control bitcoin, I am sure that they will search and use their source to controlling bitcoin. if this happens then bitcoin user cannot feel free again when they want to use bitcoin.

Governments will be willing to tax rather than ban it IMO.
Look this thread about France's case for instance > https://bitcointalk.org/index.php?topic=2602056.0;all

traderethereum

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Quote from: Sithara007 on December 17, 2017, 02:58:26 AM

If something like that happens, then do you guys think that the governments will just sit back and watch? Bitcoin is an asset which can never be controlled by the governments (unlike the case with treasury bonds, fiat cash, equities, mutual fund and to some extent bullion). Here in India, the government is trying to charge Bitcoin users with treason charges!!!

I am sure that the government will interfere and will do whatever they think that they can to ban or stop bitcoin for not going more increase. although the government cannot control bitcoin, I am sure that they will search and use their source to controlling bitcoin. if this happens then bitcoin user cannot feel free again when they want to use bitcoin.

Sithara007

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If something like that happens, then do you guys think that the governments will just sit back and watch? Bitcoin is an asset which can never be controlled by the governments (unlike the case with treasury bonds, fiat cash, equities, mutual fund and to some extent bullion). Here in India, the government is trying to charge Bitcoin users with treason charges!!!

FRJ

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Look,the rate of bitcoin can rise upto $1000000..But we can't say it emphatically. Because,in the case of bitcoin,there cannot be said anything before it happens.But if the price goes to $1000000,that would be great.

I think McAfee has predicted this only to create an attention so that people become interested and more and more people buy bitcoin.That is how,the price of bitcoin will increase.

Irvinn

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It is absolutely unrealistic that the price bitkoy in three years has increased to one million dollars. Even if such trends are to be outlined, state structures will interfere and will regulate bitokoyn in order to limit its course, since such a price will affect negatively and unbalancing the economy. While the states actually observe and do not intervene in the process of a sharp rise in price of bitcoins, however, there is a limit to everything. Therefore, if bitkoyn and will rise significantly in price, it will not be so direct and painless its growth. Dramatic events about the cost bikkoyna we have yet to come.

lance04

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I think for some people it is quite impossible thing to happen but for there is no such impossible thing in the company of bitcoin.
as long as they can maintain they performance in the public and innovate their system to provide a excellent quality service they can reach these things in future.

barontamago

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This is too much but possible when no forks delaying the growth of bitcoin.

denzkilim

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If it hits $1,000,000 dollars per single piece of bitcoin the 100k satoshi minimum fees of market will surely kill us. Grin

It will be like $1,000 dollars fee (if im correct) for a single transaction. Shocked

hualangktsld841

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It is possible to reach $100 thousand in three years. But the $one million is a little exaggerated, and it will be a fragile price if only the price increases without the support of other practical applications. Because the price rise is actually related to the growth of the community, the encrypted currency circle has grown rapidly this year.

bitcoinveda

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BTC will increase for sure but nt exactly as McAfee says it is crazy figure to imagine Btc will be more volatile in coming days Regulation and SEC many such factors will come in place

sammrheza

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so there will be many new millionare created by bitcoin Cheesy

....

Darklinkz

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I would really love that to happen but let's be realistic. McCafee is just basically making bitcoin shine like a diamond in every people's eyes that will convince them to invest a whole lot of money.

junoreactor

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The thing is, if I did not know anything about Bitcoin I would perhaps think the same, because the potential is huge. But question is: does McAfee know Bitcoin is not a currency?
Does it know it is impossible to buy everyday life products with Bitcoin because of big fees and transaction time?
I hope for him he knows a little about what he invested into!

kiver

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i know bitcoin haven't reached the price of stability for now but dont you think 1 million dollars is a bit too much for bitcoin as a price maybe in the upcoming years there better altcoin that could replace bitcoin as a mean crypto currency and who knows i might be wrong too Wink

deviant99

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It's not possible to reach in a million in 3 years. Maybe the rate will retain or go up but it will not reach it. Maybe it will took a lot of years to reach a million because bitcoin due to its volatility it cannot maintain its price , it may go up or down, who knows about it. we can't predict the future of it.

AltcoinAuthority

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Quote from: criticoflife on December 07, 2017, 12:01:49 AM

Before i thought he was ludicrous but after the previous 3 weeks happenings in the markets i'm now not so sure. Maybe old John is onto something here guys with the limited supply of 21,000,000 coins and many lost in old wallets or discarded by miners in the early days. With the massive spike in the number of adopters and investors of bitcoin maybe it just will do that!

That would be nice, a lot of people would be able to purchase a bunch of cool things without having to spend a full Bitcoin.

Topic: Bitcoin rate will increase to $1,000,000 in three years - McAfee (Read 1544 times)