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Topic: Bitcoin rate will increase to $1,000,000 in three years - McAfee - page 3. (Read 1545 times)

sr. member
Activity: 1274
Merit: 263
I think it will not happen. Even you wait few years or even decades it will not reach that price because if that happen many people become rich if they have only 1 bitcoin what if they have a lot of bitcoin they will earn more money. I don't know why other people believe that bitcoin price become very high . I believe in bitcoin also but not that price.
legendary
Activity: 1218
Merit: 1007
The bitcoin rate will increase to $1,000,000 in three years, as its price hit another all-time high at $11,000. The computer programmer and notorious businessman John McAfee has doubled his forecast for the bitcoin price, claiming it could jump to $1,000,000 by 2020.

If wrong, McAfee still is decisive to “eat his dick.”. Earlier, McAfee wrote in his twitter that bitcoin would rise to $500,000 by 2020, adding that he will eat his penis otherwise.

This phrase of McAfee has since become proverbial, with many users in social media reminding to McAfee his promise whenever he makes any publication on bitcoin. Though sounding too optimistic, McAfee's prediction met support from the bitcoin community.

According to Altucher, the bitcoin price is pushed up by the fact that the issuance of bitcoins is limited by 21,000,000 coins, while the number of persons, willing to buy it, is growing. Currently, bitcoin is traded at around $10,000, down from the all-time high $11,300.
I think he'll be eating his dick in a few years then, I will staunchly refuse to believe an estimate like this unless something significant changes, like a ton of companies from around the world getting their money involved with Bitcoin and trying to buy up whatever quantities they can get their hands on. This seems doubtful in every aspect, even looking 3 years down the road. I wonder what is driving him to make such predictions, because there's nothing there to indicate bitcoin hitting $1M by 2020, even if the market pushed itself up to $11k this year. He should have stuck with his $500k prediction in my opinion, but I seem to be a perfect contrarian so you never know.
legendary
Activity: 2744
Merit: 3097
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Three years will not be enough for Bitcoin to hit 1M $. I am sure that Bitcoin price will soar but it is still unlikely to hit the 1.000.000$.

John McAfee is free to do whatever he wants with his manhood, but it can't prove he is wright.
He was expecting bitcoin to hit 5.00.000$ by 2020 but now he doubled it to become 1.000.000 and that's exactly why I, personally, can not rely on such estimations and I can't take them seriously. (The model he is using has already failed to predict Bitcoin price by the end of 2017).

Besides, he didn't mention how he determined the value of bitcoin by 2020 (technically speaking).
sr. member
Activity: 434
Merit: 250
Yes, As he said that bitcoin price will increase to 1,000,000$ when we reach 2020, I think he is more than an optimist man, It's an unbelievable price, really I didn't know if bitcoin will reach this high of price in three years or not. If bitcoin will be in this point, i think we will be millionaires in this time.
legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
Why has McAfee become an authority on bitcoin prices all of a sudden? People are taking his opinions seriously but I haven't seen him being able to back his claims with hard facts somehow.

He's not an authority in any field. He had his one time stand with his software company and that's basically it. That said, I like how positive he is about it. I wouldn't jump in because he said so but the enthusiasm shouldn't go unnoticed, especially that the man is willing to get rid of his manhood if he's wrong. Maybe good old Mr. Johnson has been letting him down. Let's face it, John isn't a young stud anymore. Wink
sr. member
Activity: 322
Merit: 253
Property1of1OU
The bitcoin rate will increase to $1,000,000 in three years, as its price hit another all-time high at $11,000. The computer programmer and notorious businessman John McAfee has doubled his forecast for the bitcoin price, claiming it could jump to $1,000,000 by 2020.

If wrong, McAfee still is decisive to “eat his dick.”. Earlier, McAfee wrote in his twitter that bitcoin would rise to $500,000 by 2020, adding that he will eat his penis otherwise.

This phrase of McAfee has since become proverbial, with many users in social media reminding to McAfee his promise whenever he makes any publication on bitcoin. Though sounding too optimistic, McAfee's prediction met support from the bitcoin community.

According to Altucher, the bitcoin price is pushed up by the fact that the issuance of bitcoins is limited by 21,000,000 coins, while the number of persons, willing to buy it, is growing. Currently, bitcoin is traded at around $10,000, down from the all-time high $11,300.


I do respect John McAfee thoughts ... Thinking about his carrier on 90's computing security at such low level language ... like assembly etc ...  keeping reasoning at such low level  Wink   
full member
Activity: 1792
Merit: 186
what is a realistic number though?  is 100k pretty reasonable?  would 100k make most bitcoin users happy?
member
Activity: 112
Merit: 10
It's quite interesting that McAfee decided to double his own bet. He must have a lot of faith in Bitcoin. I'm not surprised though. Bitcoin has been gaining a lot of mainstream media attention lately. It's probably due to Bitcoin hitting $10.000 per 1 BTC. I always thought that McAfee is kinda weird and cool at the same time. Even if Bitcoin doesn't hit 1 million before the end of 2020, he won't eat his dick.
full member
Activity: 369
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I actually read that and wondered at its possibility. That's way beyond my league, as in a million bucks in three years. I can image the possibility of a couple of hundred thousand not a million. That's akin to run away appreciation. However, I do not think the guy is out of his mind considering how Bitcoin has surprised most of us in just over a year. Judging by performance of the past two years and factoring in an exponential growth with a barely adopted product vis-à-vis world population, all things being equal (all things never are) it would be safe to posit that bitcoin could host the $100,000 mark in the next 3 years but a million? That's debatable. The greatest driver these coming months would be organised financial institutions and I'm sure even they are aware of the impact they're going to make in driving price of  Bitcoin higher.
sr. member
Activity: 440
Merit: 250
His prediction is way too optimistic. McAfee is rather crazy, and I would not rely on him to make investments... Of course Bitcoin price will rise in the future, but I doubt it will be to such an extremely crazy level.
hero member
Activity: 3080
Merit: 603
There's a chance that he can keep his prediction but there's a chance that he is jus bluffing. But in reality, I like this to happen. Who doesn't want to be a millionaire by just having 1 bitcoin for 2 years from now? Its either he'll do pump it when its close to that year and otherwise he is pushing and attracting all types of investors to hop into bitcoin size he's known a person/business/technology icon.
member
Activity: 84
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Czech altcoin newbie
I believe him look at the increase of btc in last year
member
Activity: 126
Merit: 25
Hearing such statements from somebody who already made a fortune out of bitcoin can't do more than encourage people to invest more in such wonderful invention which will make the economy as we know it go further and become even better and thus making life way easier for people around the world . Even tho i don't think that it'll reach 1 million dollar in 3 years , but 100 thousand dollar is totally doable .
hero member
Activity: 938
Merit: 501
This is very incredible, seeing how they are in a hurry to see bitcoin going to one million dollars seems a little bit shady for me.

How is he so sure that the price is going to be over $100k? i have not even think about, and we dont even know if it is possible because we dont know how the market could react if the price touches those rates.

There is a huge demand for bitcoins right now, and that is the main reason of why it has been increasing so fast.. But one million dollars, seriously? It seems a little bit difficult to reach that price. and just in two years..

full member
Activity: 504
Merit: 100
Bitgesell (BGL) Decentralized Cryptocurrency!
When do yall post my thoughts about future bitcoin price in such articles?  Grin I can do it too. I mean everyone can guess at btc price like Mr  McAfee  Wink
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Activity: 140
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I just think McAfee wants to eat his dick. While I too want the btc price to go up, his ridiculous bet is just that, ridiculous. He probably means "suck" anyway and not literally eat which sounds more like a perversion, didn't he say he would do it on live TV or something too?
hero member
Activity: 672
Merit: 500
The bitcoin rate will increase to $1,000,000 in three years, as its price hit another all-time high at $11,000. The computer programmer and notorious businessman John McAfee has doubled his forecast for the bitcoin price, claiming it could jump to $1,000,000 by 2020.

If wrong, McAfee still is decisive to “eat his dick.”. Earlier, McAfee wrote in his twitter that bitcoin would rise to $500,000 by 2020, adding that he will eat his penis otherwise.

This phrase of McAfee has since become proverbial, with many users in social media reminding to McAfee his promise whenever he makes any publication on bitcoin. Though sounding too optimistic, McAfee's prediction met support from the bitcoin community.

According to Altucher, the bitcoin price is pushed up by the fact that the issuance of bitcoins is limited by 21,000,000 coins, while the number of persons, willing to buy it, is growing. Currently, bitcoin is traded at around $10,000, down from the all-time high $11,300.
Uniquely, bitcoin will still grow several times in value and bring a lot of money to its holders. This is evidenced by technologies that lead to prospects and growth in price. But in fact it is not very hard to believe that bitcoin will be so expensive and what's the point. Can money be depreciated in this case?
full member
Activity: 336
Merit: 100
This is just some sort of hype, and nothing more. I believe that Bitcoin can cost around 50 thousand (who knows?), but a million??? Even taking into account its capitalization, which is growing only, it is nonsense. IMHO
legendary
Activity: 3262
Merit: 1376
Slava Ukraini!
To much coccaine, right?
Do he really want to eat his dick on national TV? Why he changed his prediction.
I can't imagine that his prediction will become real. Offcourse, nothing is impossible, but I don't have any ideas, what thing can cause such unrealistic rise.
full member
Activity: 182
Merit: 100
Nothing is impossible with bitcoin also the same. Mean while we should be practical also so the bitcoin rate will be in next three is can be achievable of 100,000$ is my prediction no and not having any strategy to achieving this target. So far the consistency of bitcoin after the correction of its rate is more promising and always set the new target rate for achieving immediately.
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