Do you believe John McAfee is right about Bitcoin hitting $500,000 in 3 years? - page 10.

Gastotade

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Quote from: anti-scam on February 27, 2018, 07:25:40 PM

He runs several ICO projects as an advisor and all the projects he runs are very successful.
His company is a well-known company so trust becomes capital for the success of his project. I think it's very realistic.

Well its being positive, they knew how the technology will be a great help, having proper analysis and experience and knowing people trust them will give a big impact for the community.

elewton

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DIA | Data infrastructure for DeFi

although I believe that BTC certainly has a good future but I do not think that it can reach that target in 3 years. It is an impossible mission unless most of the countries in the world accept cryptocurrency.

_IRMAN

copper member

Activity: 1400

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Quote from: showbiz111 on February 27, 2018, 02:54:44 AM

So here, what we really want to understand is the probability of bitcoin reaching $500,000. The market cap will have to be $8 trillion dollar for bitcoin to hit that landmark. So do you think there is a little probability for that??? Wink

if you see the progress of bitcoin from year to year $ 500K in the next 3 years is not impossible. Why ?

Do you know what bitcoin prices are in early 2017 ?
Under $1000

Do you know what bitcoin prices are at the end of 2017 ?
Almost $20K

So that means that bitcoin prices are up 20x in just a year. If a year rises by 20x means in 3 years bitcoin prices will rise 60x or more
So now you can calculate how much 60x from the current bitcoin price Grin

anti-scam

sr. member

Activity: 476

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COINECT

He runs several ICO projects as an advisor and all the projects he runs are very successful.
His company is a well-known company so trust becomes capital for the success of his project. I think it's very realistic.

burdeN

sr. member

Activity: 364

Merit: 255

Who could imagine in 2013 that bitcoin will reach 10k or even 20k? But it reached 20k by the end of 2017 and even now the price is still good if you invested in 2013.
500k from 20k is only x25 which is nothing comparing to growth from 100$ to 20k$ (x200)

liseff3

sr. member

Activity: 532

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Because of his love John McAfee on bitcoin is so high that his prediction is sometimes considered unreasonable, Yes $ 500.000 is a fantastic price.
I think John McAfee's prediction may be true if in association with the current supply of bitcoin about 20% and probably by 2020 bitcoin supply only 4% left. Probably all know the high price of bitcoin measured by the large supply and demand.

thresher

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Quote from: TheAndy500 on February 27, 2018, 10:07:49 AM

Quote from: thresher on February 27, 2018, 10:00:27 AM

It sounds mostly plausible. By the end of this year it's mostly expected to hit around 100k mark. If that happens, seeing something close to 500k in 3 years seems rational.

It is hard to imagine achieving such a high price in 3 years. What would have to happen to the price rose to $ 500k. I think all countries would have to legalize cryptocurrencies. I think that 100k $ is already a very high price.

It is expected to hit to a close mark around 100k by the end of this year. If that speculation comes out the way people expect it, something close to 500k isn't impossible. That's all I'm saying.

green547

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most likeley 100k-200k I don't see it hitting 500k within that time frame.

xenomorphe1

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If Bitcoin is $500000, it is 10 times $50000. Last year, in January the price of Bitcoin was $800 and in December the price was $20000. It is 20 times $1000. Suppose that this year or next year the Bitcoin price reach $50000, then it is still possible that the price of Bitcoin reach $500000 in 3 years.

babygun

sr. member

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I wouldn't pay too much attention to what John McAfee is saying, he is known for creating hypes about some shitty coins so he can sell these at a high price.

dukemc

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I think it could be possible in 3 years --> this year i think we will reach 50k - 70k

preshpr1nce

member

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As the market cap increases, the % gains typically reduce in markets, much easier to go from $1000 to $10,000 per coin vs $10,000 to $100,000
If we have a really good year, perhaps $50k at the end of this year, then back down she will go early next year

maxim4eg123

full member

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I think the chance for bitcoin to reach $ 500000 in 3 years is 0.1%. very difficult. Need a lot of investment in cryptop. to achieve such a price Grin

linkybit

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John McAfee can speculate it at any value but I think $500k in 3 years is not achievable. Maybe we'll see it around $100k after 3 years.

TheAndy500

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Quote from: thresher on February 27, 2018, 10:00:27 AM

It sounds mostly plausible. By the end of this year it's mostly expected to hit around 100k mark. If that happens, seeing something close to 500k in 3 years seems rational.

It is hard to imagine achieving such a high price in 3 years. What would have to happen to the price rose to $ 500k. I think all countries would have to legalize cryptocurrencies. I think that 100k $ is already a very high price.

thresher

hero member

Activity: 700

Merit: 500

It sounds mostly plausible. By the end of this year it's mostly expected to hit around 100k mark. If that happens, seeing something close to 500k in 3 years seems rational.

bananadines

hero member

Activity: 644

Merit: 500

I think 100k is a great target for now and 500k will need some more time.. It will be a hard time to survive until we hit 100k for 1 BTC. But it is possible and maybe we will see 100k next year or in end of 2018!

Fobrins

newbie

Activity: 32

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When we look at the price of 500k it sounds enormous. But Bitcoin have surprised us many times or not with his value.
I think it is possible. That would be just 50x from current price or 25 from the highest price of Bitcoin.

kulakvlad

member

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In early December, still believed. Now it is difficult to imagine, but everything can change at any moment

limmousine

sr. member

Activity: 546

Merit: 251

Do you remember the bitcoin price at the beginning of last year? At the beginning of last year, bitcoin prices only ranged between $800 - $1000. Are you predicting bitcoin prices could rise to 20 times by the end of last year? Everyone does not think and by the end of the year, bitcoin reaches $19,000 even nearly $20,000.

That is a surprise and I am sure such a thing will happen again. 3 years from now it's possible to bitcoin achieve it.
I do not expect to reach $ 500,000, but I'm sure bitcoin will exceed the highest price in the last year.

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