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Topic: John McAfee: Bitcoin will go above 500k $ in 3 years - page 4. (Read 24308 times)

sr. member
Activity: 462
Merit: 263
The devil is in the detail.
Don't be stupid.

The next halving is in 2020. The block reward drops to 6.25 coins every 10 minutes. With this price it would mean that 450 million $ are created every day. Sure.  Roll Eyes

That's nothing, the US gov ALONE prints $560 million a day.
hero member
Activity: 924
Merit: 506
You can't eat something that doesn't exist Cheesy if we imagine a price like that for bitcoin that means you'll need a tennis stadium filled with ASIC to start mining efficiently for a block of bitcoin, is there enough space on earth for so many mining farms that doesn't belong to governments and other people?
I was thinking about $9000 in 3 years not $500,000 that's a lie and not a reasonable price.
legendary
Activity: 3276
Merit: 2442
Let alone this dude probably won't be alive 3 years later from now; he is mentally unstable. I heard that he is a murderer and killed 2 people. Not one, two.

I also watched some of his videos, he is pathetic. He is showing off with all those bitchez, money and everything on youtube but he is still miserable as fuck.

The dick he is promising to eat probably don't even exist so it may be just another sick joke.
legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
I am bullish on bitcoin too but 500.000 dollars after three years sounds a bit unbelievable. I think the price of bitcoin will continue to rise after August 1 settles the dust of what will happen. It is now a good time to buy or to mine whichever you prefer to do and whichever you think will make you plan realized faster.
legendary
Activity: 1473
Merit: 1086
Don't be stupid.

The next halving is in 2020. The block reward drops to 6.25 coins every 10 minutes. With this price it would mean that 450 million $ are created every day. Sure.  Roll Eyes
legendary
Activity: 1358
Merit: 1093
I would say to not underestimate what this guy is saying... Such price is no way a fantasy... think again folks, think again.
sr. member
Activity: 537
Merit: 259
Well let's wait for 3 years and see , bitcoin price on Feb 2011 took parity with US dollar so price x2500 since then , 500k $ in 3 years means price x200 , if bitcoin reach that insane price who can buy it?
sr. member
Activity: 322
Merit: 250

When I saw the screen shots of his tweets I knew he was just rambling whether bitcoin will rise to that level or not is another discussion except he has some more information he is not sharing, I don't see that as a possibility simply because the basis for that is not shared and aside that his bet amount is not what can be effected or compelled to do even on live TV so its just a simple expression of opinion and nothing else.
hero member
Activity: 2128
Merit: 520

$500,000 in just 3 years seems unrealistic. If he's right, I'm going to be rich along with a bunch of other people. I doubt the price gets above $10,000 in 3 years, but I could be wrong.
if he can force this price up to that level many of us will be a millionaire by that time but its really hard to believed that the price can go that far
10k$ would be much realistic after 3 years or up to 100k$ if possible to really support to that level but 500k$ would be a dream that everybody
wants to see.
member
Activity: 182
Merit: 10

Well who knows the future right? Future is not certain but it's not bad to dream about the $500,000 in just 3 years. Smiley But for me, $1000 to $2000 is more possible than that as the time pass by. And it will be better if you look for the stability of the bitcoins and how it moves Cheesy
hero member
Activity: 2548
Merit: 950
fly or die
If you want the hundreds of millions that could afford it to put thousands each in BTC, then you also need those billions without such money to be into BTC, even if it's with only 10$.

Even Apple has understood this and started selling cheaper phones.
legendary
Activity: 2044
Merit: 1008
But 1000$ or 3000$ or 5000$ is a price that is possible with just some millions people putting some money into Bitcoin.

For 500000$ you'd need everyone putting money into it. Billions of users.

And that would certainly wreak havoc economically.

It's better we have the havoc first, then people turn to Bitcoin.

The vast majority of the world population have less than $1,000 in their bank accounts. If you consider the loan liability as well, then you can say that most of them have a negative cash inflow.
full member
Activity: 223
Merit: 100

$500,000 in just 3 years seems unrealistic. If he's right, I'm going to be rich along with a bunch of other people. I doubt the price gets above $10,000 in 3 years, but I could be wrong.
legendary
Activity: 1473
Merit: 1086
500k per Bitcoin is by all means nuts.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
He is trolling. M2 is $60 trillion. Yeah, 25% of all money in the world will be bitcoins in 3 years. You'll see WW4 before that happens, if we are still here on this planet.

Market cap, baby. It means nothing. Bitcoin's price is set by a few thousand coins on exchanges. If sellers go on strike it could be there tomorrow.

Gold is similar. Do you really think people could extract $9 trillion in real money from the gold market? Of course not.
hero member
Activity: 2548
Merit: 950
fly or die
But 1000$ or 3000$ or 5000$ is a price that is possible with just some millions people putting some money into Bitcoin.

For 500000$ you'd need everyone putting money into it. Billions of users.

And that would certainly wreak havoc economically.

It's better we have the havoc first, then people turn to Bitcoin.
hero member
Activity: 770
Merit: 500
Bazinga!


Seriously you believe it and then even post it, such posts are to be ignored at the onset, think logically 500k, how in the world would it be even be possible. Even if you assume some major news comes then also it's not at all possible to achieve it. I am sure he was smoking some high quality weed or meth who knows, as it's looking with August 1st event neutralized we can see 3.5k by the year end logically. But again it depends on many factors.

maybe you are right but i would never be skeptical of any price for bitcoin ever in my life. because simply when price was low around $10 everyone were saying the same as you when someone predicted $1000
then 2-3 years ago when price was dropping down from GOX ATH down to $200-$180 people were saying the same thing as you when someone predicted recovery and $3000
full member
Activity: 364
Merit: 130
Ohh dude, I just calculate my profit if it is true, and the results I never dreamed of that.  Grin It seems like I have to dream higher again. No one can guess what will happen to the cryptoss in the next 3 years, of course we all expect the same that is a significant increase each time. And there's nothing wrong with arguing how high the price will jump, even if that opinion still makes no sense, but we'll wait for the results. Enjoy the process.
legendary
Activity: 2044
Merit: 1008
Going above 500k $ in 3 years seems so hard to happen , regarding the history of the Bitcoin's price, but it is not impossible, because expecting exactly the future of this market is really so hard.

Yes.. it will be very difficult. That would mean that the market cap of Bitcoin will be almost twice that of the gold. Or that can also mean that some 3% to 4% of the entire global wealth will be concentrated in the form of Bitcoin. Very hard to imagine such a scenario.
hero member
Activity: 742
Merit: 500
Going above 500k $ in 3 years seems so hard to happen , regarding the history of the Bitcoin's price, but it is not impossible, because expecting exactly the future of this market is really so hard.
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