Topic: BTC will hit $1M on 2020 - John McAfee - page 4. (Read 1200 times)

I love the price prediction, but I don't love John McAfee, so I will not believe in him, that's too unrealistic for me.
Bitcoin to hit $1 million by next year, that was a joke, we even have a hard time reaching a new ATH this year.

In my personal opinion about the price of bitcoin will continue to improve in the future, but if the price of $ 1 million is very difficult for 2020 and can also be said It is impossible in such a fast time because 2020 only lasts about 7 months into that year so it is impossible to  bitcoin reaches that price in this fast time

If he ends up being right, you me and everyone else in the world will be hailing him as a prophet genius. Till then, he's just a whack job.

He also said he will eat his own dick if bitcoin doesn't reach 1 million dollars.

Dude is a wack job that is living in some third world country having a girlfriend that is literally underage and dealing drugs and working under "no supervision of any government" to his mindset, yeah he created a great software product of his time (which he sold and has no connection now) so we can safely assume that he knows what is doing when it comes to software protection against hacking and viruses but aside from that all of his personality in crypto is a scam, he is not a decent human at all.

Dude literally came out clean about getting paid by the ICO's to promote them and then when those ICO's made x10 returns for him he sold and the coin eventually died as well.

I am not saying bitcoin won't be 1 million dollars in 2020, we never know, it could be one million or it could be 1 thousand but in the end it doesn't mean McAfee knows what he is talking about.

Too much by predicting that bitcoin will skyrocket at the price of $ 1,000,000 in 2020, which is a hope for enthusiasm, but that seems unlikely in 2020.

People should do the math more often of what happens if BTC were large enough to impact normal finance markets in any way.    Workers in Finance say Bitcoin lacks the infrastructure and contracts required to assure prices overnight to all kinds of operations in financial transactions, if it cannot be held as reliably overnight its then limited in the scope of what it can replace.    Gold is extremely stable market in comparison and I think crypto and gold do not oppose each but likely are both more used in future for different purposes and time periods.

As price changes theres always a kick back effect and greater development in processing chips themselves likely leads to less power needed but also solar power and some other alternatives keep improving in their efficiency.    Theres even some argument which I kinda agree with that Bitcoin is a form of power distribution, normal power production finding resistance over long distances and losing energy in transmission where Bitcoin itself loses nothing in transmission while consuming power at its source of mining.
   There is some confluence between any remote or awkward placement in power production that might happen in hydro, solar, wind and BTC being able to harvest that value and be part of the green power sector developing.   I dont see that mentioned especially but its possible BTC is some positive so long as it stays a reliable resource to a business.

I would like to believe there is some value in these factors that underlies the natural froth to the price and allows Bitcoin to keep defying sceptics.   Development takes time however

Have you actually done the math on that? Based on hash rate trends, where would you expect the hash rate to be in the case of million dollar BTC?

There's also the renewable energy infrastructure to consider. Solar panels and wind energy continue to get cheaper. And what if Bitcoin ends up taking a big bite out of the gold market? If the gold market shrinks, we'll see lots of energy-intensive mining operations shut down.

Now a time traveler?  

Cmon, enough with the McAfee. Let us just stay with the McDonalds.  
This man is getting worst with his mental illness.
Perhaps someone wants to donate something for the guy to be cured. There is so much locked veins in his brain that he cannot think straight anymore.
He is just stating what happened in the past and trying to connect dots. Even a baby can connect dots.  
Get a life and stop listening to him. There is more to do in this world than wasting time with him.

I've seen many people with very strange personalities, but John McAfee is on another strange personality level



THE MCAFEE FREEDOM COIN

Bloomberg: John McAfee Pauses Plan to Out Satoshi Nakomoto’s Identity, Fearing Lawsuit

McAfee to Lead 2020 Presidential Campaign ‘in Exile’ After Alleged IRS Indictment

by this I mean that we should not take seriously what John McAfee says

Well the truth MCafee has always been a very controversial character, especially in his predictions, the truth can say many things, but for my criterion it is meaningless because it does not show a report or a technical analysis of its prediction.

Mcafe I do not know under what arguments his predictions are based, however, it is likely to reach a very high price because there is an induction of many new investors to the market, either from the Stock Market, due to the policies of the SEC, the BAKKT Also, ETFs have not been approved, which somehow attracts new traders.

In this stage of market accumulation there are many price increases in the bitcoin although it is in the accumulation stage, which can eliminate the offer quickly.

I'll go with nothing is impossible and the larger more serious story is serious problems with dollar and many other FIAT currencies (this weakness is really the only way BTC rises so much imo).   Its unlikely that blows up but the fuse is lit as far as Im concerned, I doubt Mcafee is referencing that larger problem and its not about crypto directly.   McAfee is just a cheerleader, who can blame him if he gets pay for it and its a return on him being one of the first pioneers in software tech I guess but its a distortion and I never hear him say useful info

1 million is more likely then zero, the worst estimates from those who dont value BTC I've read have said it will just trade in the hundreds.   Ive been around long enough that even that represents growth, the system continuing is what people initially dismissed and now I dont see that so much

If his blood is to be tested, I am pretty sure they will find the history of cocaine in his body, because only someone high on weed will think bitcoin will get to that price by 2020. We are all lovers of bitcoin and we believe so much in its future more than any other person out there which we also believe that the market is currently a speculative one and that is where it gets its value from.

For that prediction of bitcoin hitting 1m usd by next year? Mcafee must have up to trillions of dollars probably stored somewhere that he is ready to pump into the market or maybe he has a plan to impose the coin on everyone on this earth by next year.

Yes if you followed him on Twitter and were online when he tweeted his pump, you could actually make some gains if you were one of the first few to buy when it was announced.

Obviously the coin was bought before his tweet but he has so many followers that buy anything that he mentions in his tweets, his endorsements usually get lots of attention.

Initially John said he has a model for predicting his $1 million in 2020.

(https://twitter.com/officialmcafee/status/935900326007328768)

But now he acknowledge that he just go it from some reddit post years ago from some time traveler guy and he actually believed that it will become reality in 2020? 

Here is the graph, for those who want to track it, (https://fnordprefekt.de/). It's really off so I'm pretty sure that as much as we want the price of Bitcoin to hit $1 million in the future, all indications says that it won't. John made a miscalculation and it's to early to say that 2020 will be the year wherein we can see the price goes to that level.

McAfee  saw the start of the bull run and predicted we are going to soon see another altcoin shitshow so he is starting to build up towards the day he starts making tons of money from them again. in case you have forgotten last time he did the same things to gain popularity he also started participating in a lot of shitcoin pump and dumps among other things such as advertising scam ICOs and getting paid for it.
he now is trying to refresh that fake popularity to do the same thing and make a ton of money again.

as for $1 million in 2020, it is bullshit because it can only happen if bitcoin gets pumped and we know that bitcoin is not a pump and dump shitcoin like the 2000+ altcoins that get pumped and dumped every day. $1 M will be reached but not this soon.

That Reddit post is very silly. Where's the altcoins? Why is a Bitcoin in common usage with 1% issuance per year still "deflationary"? People don't need loans in the brave new world of 2025? And are we meant to believe governments didn't use M-of-N escrow to protect their stashes?

This is even putting aside the more fundamental issue, that if the rebels have the power of traveling time, they can destroy Bitcoin easily, by double-spending and then reverting via blocks from the future. Much easier/cleaner than nuclear submarine plan

Well, "zero" is a long way down; even Zimbabwe Dollars are worth a little as novelty gifts.

That said, I think both are pretty unlikely, assuming no big changes to the code. Very hard to secure the network at that pricepoint, without building many many power plants...

The key is to believe it will happen. If you can't do that, you will not be holding any bitcoin by the time it happens, you will only be holding fiat - the value of which is on an impossible to stop path to becoming worthless. The bigger question for me is, will I even want to live in a post economic collapsed world?
This article is about people worried that the price of bitcoin is a strong indication of a future collapse in the value of fiat and the economy. They are right to worry, because this is exactly what's going on.
https://www.ccn.com/bitcoin-price-massive-dystopian-panic-recession-2019

Agreed. He's applying some variant of Metcalfe's law but he's applying it linearly when the effect is supposed to be exponential. So he's off by orders of magnitude. Metcalfe's law also probably shouldn't be taken literally since it doesn't account for things like speculation.


That's really the key here. Many people are trying to apply some fundamental valuation to Bitcoin, as if it were a company stock. I think that's a terrible approach. Bitcoins are extremely scarce, and supply is going to keep thinning out in the coming years as long term investors continue hoarding. It's a race to accumulate from a very small supply of BTC.

We don't need the masses to push the price to millions USD. Wealthy investors, institutions (and who knows, maybe central banks) can do that on their own. The masses may end up using BTC but they won't ever be able to own much.

I hope his predictions come to past and if that will happen it will be a sign that wealth has changed hand and those that we know to be rich today will not be in future but those that has hold their bitcoin and altcoins till then will be the wealthy class.

$1m is WAAAAAY more likely than the fucktards saying zero, thats for sure.
We'd get there easily if people would drop all these worthless shitcoins and just hold bitcoin, but gamblers gotta gamble...