Topic: Bitcoin rate will increase to $1,000,000 in three years - McAfee - page 4. (Read 1545 times)
November 30, 2017, 09:12:12 AM
The price of Bitcoin is determined by traders. It is very possible for Bitcoin to reach $1m price mark. Anything can happen since the use of Bitcoin is decentralised.
November 30, 2017, 09:00:29 AM
BTC price is unpredictable but come on! there is limit to everything. $1M in 3 years is just impossible.
That word itself contradicts your second sentence. If its unpredictable, as we know it is, then it is completely possible for BTC to reach $1M in 3 years. Yes it maybe is not probable but its not impossible. There was a post on Reddit about 4 years ago in which a man claiming to be time traveler said the price of BTC will read $10k by 2017 and $100k by 2021, the $10k prediction coming true is causing that post to surface again. You can read that here.Well its likely just some troller but its a good read. November 30, 2017, 08:51:00 AM
Well I think its not impossible but for sure very rare because there has been a sharp increase in the number of countries banning bitcoins thus I do think that it will put a hold on that price for sure..
Bitcoins are now seen as a threat to fiat and I doubt it if banks won't come forward to regulate it also there has been a number of speculations about the price of bitcoins being regulated and somehow they are proving to be true .. because just very recently I got to know that.... You aren't allowed to sell Bitcoins over a certain value.. and yes npw I have noticed that in zebpay there is an automatically generated message that prevents you from buying or selling bitcoins after their maximum amount limit thus lets see if bitcoins are able to find ways to evade all these things.
Bitcoins are now seen as a threat to fiat and I doubt it if banks won't come forward to regulate it also there has been a number of speculations about the price of bitcoins being regulated and somehow they are proving to be true .. because just very recently I got to know that.... You aren't allowed to sell Bitcoins over a certain value.. and yes npw I have noticed that in zebpay there is an automatically generated message that prevents you from buying or selling bitcoins after their maximum amount limit thus lets see if bitcoins are able to find ways to evade all these things.
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... 
November 30, 2017, 08:43:45 AM
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.
November 30, 2017, 08:34:09 AM
Well, if he's going to keep increasing the forecast every time the price goes up a bit, I guess there's a 100% chance that he'll lose the bet.
The only way that this would be possible is if the US dollar dramatically decreased in value, which is unlikely to happen over such a short time frame. If the dollar still exists in a few hundred years, I suppose BTC will be worth over $1,000,000 even if it's not worth much in terms of goods and services.
Anyway, the main reason that McAfee is "notorious" is that he's a moron, so I wouldn't treat his opinion as being relevant.
The only way that this would be possible is if the US dollar dramatically decreased in value, which is unlikely to happen over such a short time frame. If the dollar still exists in a few hundred years, I suppose BTC will be worth over $1,000,000 even if it's not worth much in terms of goods and services.
Anyway, the main reason that McAfee is "notorious" is that he's a moron, so I wouldn't treat his opinion as being relevant.
November 30, 2017, 08:31:44 AM
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.
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.
Basically, I think McAfee is just hyping Bitcoin, so more investors could join the ride and make the price of Bitcoin higher.
November 30, 2017, 08:02:21 AM
In three years 1,000,000 US dollars I mean its possible but its hard to say especially when we're talking about that huge amount of money. I mean in that three years it's possible for 100,000 USD because the higher the bitcoin get the higher the number of people get attracted meaning a lot of people will notice and have attention and bitcoin and no way some of the biggest business firms or government would stand still about and do some regulations to control the usage of bitcoin that will result to some people nuisance in their interval.
November 30, 2017, 07:57:03 AM
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.
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.
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