Topic: Do u agree that Bitcoin will go to 500,000$ in 2020 by john Macafee claim ? - page 4. (Read 4452 times)
August 30, 2017, 10:41:13 PM
I do not think it will get that high unless they do something to lower with the fees for transactions.
August 30, 2017, 10:40:36 PM
John Macafee claim of $500k by 2020 quite possibly can become a reality. The reason being the availability of huge potential market which with increased awareness recently has started being targeted. Bitcoin has the potential to target Billions of internet users if advertised or propagated properly. With some millions of users (<100 million), Bitcoin already reached $4k. There is a huge chance that with some 100 millions users, price would touch $500k.
August 30, 2017, 09:53:49 PM
Not yet, we are going to tank.. and hard.. but we are going to the moon.. Make sure you are ready for the rough ride.
So short it. Or are you not THAT sure?
August 30, 2017, 09:17:51 PM
Not yet, we are going to tank.. and hard.. but we are going to the moon.. Make sure you are ready for the rough ride.
August 30, 2017, 05:19:33 AM
I think the chances is near to zero, to reach that high it need so many people to actively used it and when the price is too high people tends to look for another coin to invest, I do hope it can reach untill 500k but I think the best it can reach is 100k when 2020
until the time is not done yet zero chances can be change too, bitcoin already surprises most of us guys and if ever a big big billionaires invested moneyand try to hold every bitcoin that he can have maybe that will be the time that bitcoin price will go there since its controlled by little numbers of players.
August 30, 2017, 02:51:00 AM
I think it might reach $50,000 at some point in the next 5-10 years. But no, $500,000 is insane in my opinion.
Well yes given the long term horizon of 5 years I see btc may be somewhere above 25000$ or so. But in couple of year 500000$ is weird considering the altcoins coming in market are also started to capture a bit of market. And the pace at which technology is changing in next 5-10 years there would be something new and better than btc may come up which will eat away btc market if people like that thing more. So price may drop at that time.
But if it reaches this mark by 2020 everybody who owns it will be super happy .
August 30, 2017, 12:04:43 AM
John macafee tweeted last month that bitcoin will hit 500,000$ in next 2 to 3 years whats your opinion about that? are u seeing this or not??
I appreciate his optimism but i don't think it is going to happen.
Honestly, if would shock everyone, even the biggest bitcoin fans if it happened.
He actually made the prediction when the price of bitcoin was steadily rising on a day to day basis, and i think that's what has mostly influenced him to say such an outrageous thing. Obviously, he did not consider that growth will ultimately slow down. There is nothing on this world that can sustain 10% per day gains, without correcting itself in a major way. I see a major correction happening next year, which will slow us down quite a bit.
So sorry Mr. McAfee.
He seems to be completely serious about this, even if this was just a publicity stunt i think that he does mean what he say. He isn't just throwing $500k around as an arbitrary number for bitcoin, he is giving that figure as a target AND he is giving a time that this is going to be achieved as well. I doubt that he's merely demonstrating that he is a supporter of bitcoin, as this would be a rather idiotic way to do it.
Usually after the pump(which is now), there is a few years of bearish or sideways movement in the bitcoin market.
His date of 2020 falls on a halving which could potentially bring bitcoin back to the price right now or even above($5k), but $500k is 100 times that figure.
August 27, 2017, 06:44:13 AM
I do believe that bitcoin will go as high as $500,000 based on what is happening in bitcoin market. I believe that before 2020 bitcoin has gone mainstream and that is what will multiply bitcoin price *20 or even 30*. Macefee prediction may come truth as many people are daily become knowlegable of making money with bitcoin.
Even if it goes mainstream i don't think $500000 is a realistic figure to look at right now.
I'm not sure whether McAfee was high when he said this or he just genuinely believed in bitcoin. If he genuinely believed in bitcoin then great, i have nothing against that. However he should really consider what he says before he actually says it to millions of people publicly. He is making bitcoin sound like some sort of magical investment fund that pays off everyone who invests in it, which isn't exactly what bitcoin is.
Anyways, $500k is way more than 20x the price. It is more like 120x the price, which means that mass adoption HAS to happen before this sort of price level can happen. So either a) hyperinflation happens, 500k is worthless anyways or b) everyone decides to use bitcoin in 3 years time, or at least the majority of people on earth, which is highly unlikely.
August 27, 2017, 05:24:52 AM
I think the chances is near to zero, to reach that high it need so many people to actively used it and when the price is too high people tends to look for another coin to invest, I do hope it can reach untill 500k but I think the best it can reach is 100k when 2020
until the time is not done yet zero chances can be change too, bitcoin already surprises most of us guys and if ever a big big billionaires invested moneyand try to hold every bitcoin that he can have maybe that will be the time that bitcoin price will go there since its controlled by little numbers of players.
August 27, 2017, 04:47:42 AM
John McAfee's brain is too damaged by years of bath-salt abuse to render any meaningful opinion on anything.
I would take anything he has to say with a grain of... salt.
I would take anything he has to say with a grain of... salt.
August 27, 2017, 05:02:20 AM
John macafee tweeted last month that bitcoin will hit 500,000$ in next 2 to 3 years whats your opinion about that? are u seeing this or not??
I appreciate his optimism but i don't think it is going to happen.
Honestly, if would shock everyone, even the biggest bitcoin fans if it happened.
He actually made the prediction when the price of bitcoin was steadily rising on a day to day basis, and i think that's what has mostly influenced him to say such an outrageous thing. Obviously, he did not consider that growth will ultimately slow down. There is nothing on this world that can sustain 10% per day gains, without correcting itself in a major way. I see a major correction happening next year, which will slow us down quite a bit.
So sorry Mr. McAfee.
He seems to be completely serious about this, even if this was just a publicity stunt i think that he does mean what he say. He isn't just throwing $500k around as an arbitrary number for bitcoin, he is giving that figure as a target AND he is giving a time that this is going to be achieved as well. I doubt that he's merely demonstrating that he is a supporter of bitcoin, as this would be a rather idiotic way to do it.
Usually after the pump(which is now), there is a few years of bearish or sideways movement in the bitcoin market.
His date of 2020 falls on a halving which could potentially bring bitcoin back to the price right now or even above($5k), but $500k is 100 times that figure.
August 27, 2017, 04:39:35 AM
John macafee tweeted last month that bitcoin will hit 500,000$ in next 2 to 3 years whats your opinion about that? are u seeing this or not??
I appreciate his optimism but i don't think it is going to happen.
Honestly, if would shock everyone, even the biggest bitcoin fans if it happened.
He actually made the prediction when the price of bitcoin was steadily rising on a day to day basis, and i think that's what has mostly influenced him to say such an outrageous thing. Obviously, he did not consider that growth will ultimately slow down. There is nothing on this world that can sustain 10% per day gains, without correcting itself in a major way. I see a major correction happening next year, which will slow us down quite a bit.
So sorry Mr. McAfee.
He seems to be completely serious about this, even if this was just a publicity stunt i think that he does mean what he say. He isn't just throwing $500k around as an arbitrary number for bitcoin, he is giving that figure as a target AND he is giving a time that this is going to be achieved as well. I doubt that he's merely demonstrating that he is a supporter of bitcoin, as this would be a rather idiotic way to do it.
Usually after the pump(which is now), there is a few years of bearish or sideways movement in the bitcoin market.
His date of 2020 falls on a halving which could potentially bring bitcoin back to the price right now or even above($5k), but $500k is 100 times that figure.
August 27, 2017, 02:33:00 AM
I do believe that bitcoin will go as high as $500,000 based on what is happening in bitcoin market. I believe that before 2020 bitcoin has gone mainstream and that is what will multiply bitcoin price *20 or even 30*. Macefee prediction may come truth as many people are daily become knowlegable of making money with bitcoin.
August 27, 2017, 02:01:29 AM
I think the chances is near to zero, to reach that high it need so many people to actively used it and when the price is too high people tends to look for another coin to invest, I do hope it can reach untill 500k but I think the best it can reach is 100k when 2020
August 27, 2017, 12:12:33 AM
John macafee tweeted last month that bitcoin will hit 500,000$ in next 2 to 3 years whats your opinion about that? are u seeing this or not??
I appreciate his optimism but i don't think it is going to happen.
Honestly, if would shock everyone, even the biggest bitcoin fans if it happened.
He actually made the prediction when the price of bitcoin was steadily rising on a day to day basis, and i think that's what has mostly influenced him to say such an outrageous thing. Obviously, he did not consider that growth will ultimately slow down. There is nothing on this world that can sustain 10% per day gains, without correcting itself in a major way. I see a major correction happening next year, which will slow us down quite a bit.
So sorry Mr. McAfee.
August 26, 2017, 09:53:41 PM
No , i don't think so because this date is close and the current price is just a little above 4000$ so in just 2 years and half i can't imagine that the price will highly rise to reach $500k, it is almost impossible.
August 26, 2017, 08:10:22 PM
No way, 2020 is two and a half years away. I don't know what should happened so that bitcoin can raise in value so much. I have to agree, it is my opinion too, that we could easily see bitcoin price at 10 000$ in that time. 500 000 sounds to abstract, to beautiful for everyone that saves bitcoin and I know that it's just to good to be true.
August 26, 2017, 06:53:37 PM
With a fee of BTC0.002 
Amazing future for Bitcoin
Amazing future for Bitcoin
August 26, 2017, 06:46:25 PM
I didn't know John MacAfee married a hooker who appears to be even more out of it than he is.
https://www.youtube.com/watch?v=zxuxNFtsrCU
Good luck to the pair of them anyway. I truly wonder where his life will head next.
https://www.youtube.com/watch?v=zxuxNFtsrCU
Good luck to the pair of them anyway. I truly wonder where his life will head next.
August 26, 2017, 08:54:33 AM
Let's march for $5000 at first, then we could start thinking for a 100x over it but not possible in the next 3 years because it takes a lot of volume as well as fiat in order to move the markets towards where we want it to be. $500k is not crazy but the bet that the guy made was, absolutely. We should be prepared for newer ATHs that are going to be seen but should really not expect such extreme volatility in the markets which could drive it away to the said point.
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