Topic: BTC will hit $1M on 2020 - John McAfee - page 3. (Read 1135 times)

The reality is that bitcoin WILL hit 1 million dollars one day. As long as it exists and as long as we still use it there is no possible scenario where bitcoin doesn't reach one million dollars. It may take 5 years or 10 years or 50 years but eventually it will happen.

The inflation already makes dollar worth a lot less than it used to be so comparing even a carton of milk 50 years ago and today they are totally different prices. This is also an investment product people put money in which means it will also gain momentum itself and we will have a 1 million dollar per bitcoin price eventually in our history, maybe even before we die but when very old. So, I do understand what John is saying but he is VERY WRONG on 2020 prediction part of it.

I was curious what the tracker was saying at the moment where John stands but he is 86.25% off. 

It's been stated here - https://steemit.com/cryptocurrency/@hiroyamagishi/the-mcafee-effect
The "coin of the day" thing is what I still remember in the past and it would move the price, that was a big pump and dump in the past.
He influence people with his coin of the day, too much attention is given to him by the people, but that action also ruined his reputation .

those who aren't familiar with cryptocurrencies and as a result McAfee's reputation then they are also more familiar with the FUD that dozens of others are feeding them so one random guy telling them something in opposition of what they have been hearing is not going to change that much.
others who have been around and know who McAfee is and how he is abusing this nonsense to earn money are already ignoring him anyways.

For those who did not know his reputation in crypto might believe, he can attract the new investors as he is popular in the business world.
People should be smarter now and not just believe right away as even the influential people can hype bitcoin at an unrealistic price.

I think there is nothing wrong if we all speculate, including Mc Afe is also predicting the price of bitcoin because the influence of increasingly high demand and the more difficult to get bitcoin from mining is not easy to get bitcoin. so it makes sense if the 2020 hagra bitcoin can be very expensive.

A big joke from a real joker, its pretty obvious that he is just seeking for the attention.
Bitcoin is good but that price is also so good to be true, $1M for bitcoin in less than a year is impossible and very unreal. I just want to hold my bitcoin until it make a good run again, believe it or not John McAfee is just a human and he can't be sure about this over prediction.

All crypto community do knows on what he do tell about on this kind of deal.Im pretty sure that he would definitely able to eat his dick
yet $1M price seems very impossible on a short period of time or wont really able to hit that price up.2020 is approaching and its even hard to see
bitcoins price breaking its 2017 ath.

Right bro , there is no need to worry or speculate about the future but much better if we can only foccus on today situation as this is more important and this  is the reality .  Bitcoins value is now higher and we must now enjoy this oppurtunity by selling some of our assets so that we can earn an income  . Meanwhile ,  i dont believe the predictions of mcafee because 1m usd is too much and btc value didnt even reach at least half of that 

Buffet's 88, his opinion won't matter at all soon because corpses don't have much to say.

Buffet is owner of multiple active industries, thats an easy argument in his favour because he is seen as refining industry and enabling the most efficient use of capital to create more jobs.    People see Bitcoin as negative because it counts as imaginary to them and destructive for diverting interest from real investment or real bonds.     It could be seen as opposite to buying your nations government bonds which at times has been seen as patriotic and the most solid form of saving.


Mcafee only setup one major company that wasnt unique so far as I know so theres not a great achievement in his work except as a pioneer which is fair enough.   I dont think that makes him right now, he never mentions any technical points.


Buffet also discounts gold as a useless endeavour.   Again gold has outperformed his management for twenty years in gains, I can understand why he says the idea of gold is not helpful to society but he is also wrong on gold being useless.  It has a purpose in its neutrality and stability outside politics and many modern forms of trade, Buffet on the other hand never speaks against the large amounts of debt.   The debt also favours his operations I think, a loose monetary policy help his cash roll and he can stay ahead of the losses that occur from inflation.   For this reason I'd agree with the criticism of him on this point, excessive debt will lead to failure

The key here is not hashrate precisely - that depends on technological advances.
Rather, I had in mind marginal costs - electricity - because the difficulty adjustment is in essence an economic peg: the average miner's marginal cost to mine approaches the block reward.

Today, whether clean or dirty energy, the marginal cost to generate electricity is 5-10¢/kWh.

Thus, a hypothetical world of 2021 with 6.25 BTC block rewards, a $1/microBTC pricepoint, and power plant costs on the low end of that scale (if we assume tech there continues to improve), would be using an extra ~750GW of electricity. If we are talking solar farms, then it's solar farms that add up to about the acreage of Switzerland.

Not impossible, but still dizzying to imagine as a physical implication of a price change.

John Mcafee and Craig Wright are still better human beings than Warren Buffet. How many people listening to this fucktard back in 2014 missed out on the gains of a lifetime? At least now after he's been proven to be a total moron on the subject of crypto, anyone still listening to his bile only has themselves to blame.

You're not far off. Both are looking for bad publicity because for them that's the only way to be interesting enough for people to follow, and bad publicity is still good publicity for these con artists.

It would help if people on social media and news outlets just stopped covering them, because the sooner they stop being relevant, the less incentive there is for them to continue being con artists and jerks at the same time.

McAfee hasn't ever been a favorite character of mine, but I always had some degree of respect for him, but after promoting scam ICOs I lost the last bit of respect and hope he pays for it one day.

So according to what he said, bitcoin price is very high in the 2020-2021 but still, that is only a prediction, and he doesn't know the truth. We can follow or save his prediction so we can see what will happen in that year. But for me, it's better to enjoy the price now and take as much profit as we can so in the future, we will have much money, and we can also sell bitcoin at the high price if his prediction happens.

But honestly, mcafee was a little bit better than CSW. Mcafee never try to claim anything that created by him but CSW does it just like try to claimed the patent that created satoshi nakamoto.
CSW is an enemy to the crypto while at the same time mcafee was a friendly people in the crypto.
Maybe sometimes he was creating a garbage prediction. 

If you will be a millionaire that time then John will be billionaire.  . He is exposed already, he has no basis for predicting his $1m=1 BTC. So I already ignore him when he opens his mouth because he is just a shill. But I guess this whole story won't die down, specially if we gets closer at the end of 2020. And for those rational person in crypto, or at least uses TA to predict the price, they all know that $1m is not or cannot be achieved in 2020, but he is still a whack job. 

Seems like John McAfee and CSW are brothers with the same attention seeker attitude and with both mental problems. He over speculate bitcoin. And if that will gonna happrmen with $1M? I swear, I will praise McAfee with all my heart and kneel down to kick his balls for predicting exagerately about btc's price.   $1M? I will be millionare if that gonna happen and i will buy his mouth, no his whole soul to shut his craziness. Just kidding.

First of all,  it's not really an easy job to to predict what gonna happen in the future.
Moreover who doesn't like the increase in the prices  of the coin BTC?
But we need to understand the factors that increases the price of the coin.
The market cap of the coin need to increase so that the coin will increase.
Nevertheless, let's hope for the best.

"Impossible" - such a strong word discussing such a possible subject. And wtf are you talking about with 7 months - we have 19 months from now till the end of 2020.
Let's at least wait till then, give the man his opportunity to be proven right before we send henchmen after him with scissors.