John McAfee backs out of his $1 million bitcoin prediction

Juggy777

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Quote from: chaoscoinz on January 08, 2020, 07:38:02 AM

Quote from: btc_angela on January 06, 2020, 07:33:00 AM

This mofo is back tracking now, lol.

https://twitter.com/officialmcafee/status/1213839069681205254

Well I'm not surprised though, we all know that his prediction is really out of this world. And he just did it to attract attention. So obviously, the price won't even breaks the 6 digit mark. And we know that this is not the last time that John will make such bold predictions or make preposterous in crypto sphere.

I think everyone would love to see a $1,000,000 bitcoin price in hopes of remaining optimistic, but at this time it seems like an impossible feat. Bitcoin has seem to have stagnated and has plateaued around $7500 or so. I don't know if we are in a bull or bear market any more, but i hope for the year of 2020 we have some clearer oversight as far as regulation is concerned. It is good to have big supporters like McAfee it shows that the space isn't limited to just members of the community but big name celebrities as well.

@btc_angela why am I not surprised that Mcafee is finally backing down now, though I was expecting him to back out of his bitcoin price prediction last year only. @chaoscoinz this year I’m anticipating a major bull rally because of the halving event, but if the halving event doesn’t live up to it’s expectations then bitcoins prices shall remain range bound between $6500 - $8000.

Sources:

https://www.coindesk.com/why-bitcoins-next-halving-may-not-pump-the-price-like-last-time

https://hackernoon.com/will-bitcoin-skyrocket-after-the-2020-halving-like-in-2016-b61c6568debb

1Referee

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Quote from: msarro on January 09, 2020, 12:38:19 PM

Its sad when we see people like John McAfee do such cheap tactics to get attention.

It's more sad to see people here take him serious. McAfee has been a scammer and a compulsive liar for a long time. What else can you expect from him? You can't expect from a scammer and a liar to not scam and lie. It's the nature of the beast. He is on the run for the authorities too because he has done a lot of shady shit outside the crypto sphere as well that raises many eyebrows.

In the end, this type of behavior is common amongst those who got rekt. At the beginning they own a lot of Bitcoin, then lose it through leverage trading and all their are left with are their altcoin bags. Similar thing happened to Richard Heart recently. They shill that what they own the most of, and the coin (Bitcoin in this case) they had plenty of but lost, is going to be trashed whenever they see an opportunity.

I can't wait for another crappy ICO with an even crappier name to emerge and pay McAfee to have a tattoo of their logo on his body. Would be perfect.

Rucky

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I think he just wanted to sound really controversial to get attention, and yeah, he did!

That $1m dollar prediction from MCAfee brought attention to the community truely.

kro55

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*STOP NOWHERE*

Those who try to be super cool ends up like that. Being owner of McAfee I thought he is a sensible guy but he proved to be another Craig Wright. He must give some fine of this false prediction, so that we may get rid of this price prediction mania.

JeffBrad12

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Quote from: Dart18 on January 08, 2020, 07:39:52 AM

Now he made himself a good comic. Grin

I thought he was that guy which should be respected but here goes the true nature of him.
He did made me laugh though.
He may really have a talent making people laugh. He should change his career now. Grin

the fact that he endorsed many of shitcoins out there should tell you enough that he's just doing something for his own gain. he's not that kind of guy whose words can be taken seriously. the fact that he's backing out of his own prediction is what makes him unreliable in the eyes of many people who still have a normal brain. really, people should stop taking his word seriously or making him viral.

msarro

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Quote from: finaleshot2016 on January 09, 2020, 12:12:49 PM

Oh, this is one of the attention seekers in the community, he's back again to spit non-sense prediction. Probably, they should be out of here, they didn't really do any good predictions on BTC price.

1M$, seriously? ATH of bitcoin was around 19k$, how is that possible. It's not wrong to be positive on BTC's price this year 2020 but it should be based on good analysis.

Its sad when we see people like John McAfee do such cheap tactics to get attention. He is well known person and is already getting attention for what he says. Predicting 1 Million $ for a thing whose future is still not clear and is getting rejection from government quarters is not a sane thing.

finaleshot2016

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Oh, this is one of the attention seekers in the community, he's back again to spit non-sense prediction. Probably, they should be out of here, they didn't really do any good predictions on BTC price.

1M$, seriously? ATH of bitcoin was around 19k$, how is that possible. It's not wrong to be positive on BTC's price this year 2020 but it should be based on good analysis.

Artemis3

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Quote from: btc_angela on January 06, 2020, 07:33:00 AM

This mofo is back tracking now, lol.

Well I'm not surprised though, we all know that his prediction is really out of this world. And he just did it to attract attention. So obviously, the price won't even breaks the 6 digit mark. And we know that this is not the last time that John will make such bold predictions or make preposterous in crypto sphere.

Lol. We already discussed him plenty right here how he is just looking for attention by making outrageous claims.

If NOTHING happens with the USD, logically the price of Bitcoin will tend to go up but less and less pronounced overtime (never stable, never pegged). The USD is simply forced into 2% inflation like any other country the follows the school of Chicago dogmas, while Bitcoin isn't.

So while its technically possible that, maybe it could reach such price at some point, its taking longer and longer to do.

Xxmodded

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Quote from: Vishnu.Reang on January 08, 2020, 10:21:16 AM

Quote from: ?? on ??

Don't tell me any of you guys believes he will actually do it, i was expecting this news from McAfee this year though, bitcoin can never surge that high, its way too impossible even if bitcoin goes fully mainstream it can never hit 1m per one

He has millions following his social media channels. Even if 1% of that number believes him, it is a huge amount. John McAfee was an industry giant, until a few years back. He built quite a reputation for himself. But now he is making a living out of his past reputation. And I don't think that this is going to continue for ever. At some point, there is going to be a backlash.

Some time we need people reached million follower with their social media account, where 5% from his follower trust whit his prediction we can get much profit with bitcoin and altcoin price prediction although he always give not correct information about bitcoin and altcoin price, but he made many wrong prediction about bitcoin and I worry which person trust with his prediction.

Vishnu.Reang

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Quote from: ?? on ??

Don't tell me any of you guys believes he will actually do it, i was expecting this news from McAfee this year though, bitcoin can never surge that high, its way too impossible even if bitcoin goes fully mainstream it can never hit 1m per one

He has millions following his social media channels. Even if 1% of that number believes him, it is a huge amount. John McAfee was an industry giant, until a few years back. He built quite a reputation for himself. But now he is making a living out of his past reputation. And I don't think that this is going to continue for ever. At some point, there is going to be a backlash.

thesmallgod

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It is only people that new in crypto that pay attention to people like McAfee. I have lost regard in him ever since I saw that some project that turn out to be scam are using him to gain popularity. He is just one of those guys that are make furtune for himself that driving and making so many project dev get some investors during those period when people are always eager to look for direction for coin to invest in. Now that the bubble has bursted, he is giving prediction to gather much more needed attention.

ChrisPop

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No surprise here, but sincerely taking into account McAfee's reckless behaviour I wouldn't have been surprised even if he did respect his statement.

$1M has been a too high mark in such a short time. But don't forget that everything is possible in the cryptosphere.

alyssa85

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Quote from: BuNga_cute on January 08, 2020, 07:16:14 AM

I'm a little surprised why there are still many people who believe the words of John McAfee, if we follow all the predictions that
have been made almost all failed. So if now he wants to predict the price of bitcoin could reach $ 1 million by the end of this year,
that's for sure nothing will happen. Indeed it is not wrong John McAfee was nicknamed clown by some cryptocurrency communities,
because that came out of his mouth just a joke.

People just badly wanted to believe the $1 million price thing. Couple that with the fact that back in the 90's before his brain got fried, he was good at tech and launched a successful antivirus checker, people talked themselves into believing he had some sort of insight into bitcoin.

Dart18

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Now he made himself a good comic. Grin

I thought he was that guy which should be respected but here goes the true nature of him.
He did made me laugh though.
He may really have a talent making people laugh. He should change his career now. Grin

chaoscoinz

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Quote from: btc_angela on January 06, 2020, 07:33:00 AM

This mofo is back tracking now, lol.

https://twitter.com/officialmcafee/status/1213839069681205254

Well I'm not surprised though, we all know that his prediction is really out of this world. And he just did it to attract attention. So obviously, the price won't even breaks the 6 digit mark. And we know that this is not the last time that John will make such bold predictions or make preposterous in crypto sphere.

I think everyone would love to see a $1,000,000 bitcoin price in hopes of remaining optimistic, but at this time it seems like an impossible feat. Bitcoin has seem to have stagnated and has plateaued around $7500 or so. I don't know if we are in a bull or bear market any more, but i hope for the year of 2020 we have some clearer oversight as far as regulation is concerned. It is good to have big supporters like McAfee it shows that the space isn't limited to just members of the community but big name celebrities as well.

imstillthebest

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Quote from: ?? on ??

so McAfee's prediction getting closer to the reality

lol . how can you say ? just because the price were now rising does that mean that johns prediction can now occur ? many times we see the price dump and rise but not to the point of crossing 10k usd . let say even the price cross 10k usd this year and itll rise more , the realistic price of btc would only be at 18k to 20k usd . achieving higher than this may not be easy anymore and will require more support from the people or from countrys and governments to adopt btc . still itll take many times to see another highs again .

BuNga_cute

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I'm a little surprised why there are still many people who believe the words of John McAfee, if we follow all the predictions that
have been made almost all failed. So if now he wants to predict the price of bitcoin could reach $ 1 million by the end of this year,
that's for sure nothing will happen. Indeed it is not wrong John McAfee was nicknamed clown by some cryptocurrency communities,
because that came out of his mouth just a joke.

Darooghe

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At the historic rate of inflation, it would take over a hundred years for the price of a loaf of bread to go over one million dollars. But it appears that the last decade or so has dwarfed previous issuance rates, pushing that inevitability quite a bit forward. The interesting question is not whether a bitcoin will be worth a million dollars, which has a definitive yes. The interesting question is when, 2030 or 2140?

bitcampaign

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Quote from: JC btc on January 08, 2020, 05:04:24 AM

Quote from: bitcampaign on January 08, 2020, 04:28:27 AM

I do not believe every word of this old man from the past even about the crypto that he promoted, finally I saw him come out of that crazy prediction, logically people in their right mind of 1 million dollars is difficult to achieve in a short time until the end of this year, even though I wait for him to keep his promise to eat his penis on national TV it will be the most interesting spectacle in history

Ever since he is really a man of dignity, he was the Mr. Bean of crypto space as he loves joking around thinking that he can manipulate and thinking that we can trust his words and his useless insightful. Anyway, let's just let him rant and make noise in social media, sometimes we also need to laugh to some useless words he's saying, so that it can lessen our stress.

yes I also think of him as entertainment, but sadly many people believe in his predictions and analysis so that many fall and lose money maybe, if you look at his experience, we know he is not a trading expert for bitcoin price analysis but he dares to issue predictions with the bet that he himself pulled out now, that's funny

JC btc

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Quote from: bitcampaign on January 08, 2020, 04:28:27 AM

I do not believe every word of this old man from the past even about the crypto that he promoted, finally I saw him come out of that crazy prediction, logically people in their right mind of 1 million dollars is difficult to achieve in a short time until the end of this year, even though I wait for him to keep his promise to eat his penis on national TV it will be the most interesting spectacle in history

Ever since he is really a man of dignity, he was the Mr. Bean of crypto space as he loves joking around thinking that he can manipulate and thinking that we can trust his words and his useless insightful. Anyway, let's just let him rant and make noise in social media, sometimes we also need to laugh to some useless words he's saying, so that it can lessen our stress.

Topic: John McAfee backs out of his $1 million bitcoin prediction (Read 653 times)