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Topic: John McAfee: Bitcoin will go above 500k $ in 3 years - page 6. (Read 24308 times)

hero member
Activity: 672
Merit: 500

Woah, that seems to be a little too much for me. Bitcoin right now is at 2300 USD and he expects that the price will be 500,000 in 3 years. 3 years equals 156 weeks. If this was to be possible, bitcoin would have to rise at least 3000 USD a week, which is 350 a day. Seems pretty impossible in my opinion. I feel like he is really over valuing Bitcoin and this seems impossible. Maybe after Segwit, if the price goes up, then Bitcoin will have a chance of reaching 500,000 but right now, there is zero possibility of Bitcoin reaching that high in even 5 years. Maybe 10K in 3 years will be possible. 
hero member
Activity: 3136
Merit: 591
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Hes trying to convince other investors to get in already. As halving will take place by that time, its very possible for the increase but $500k is really far three years from now. I'm guessing it can be $10k-$20k by that time.
legendary
Activity: 3080
Merit: 1500

Well, he is speculation and investing in bitcoin since a long time now. I remember, he also proposed a plan about a 10 PH/s mining farm earlier. However, the price he mentioned about feels like over speculating and over valuing bitcoin. Because to reach that price, bitcoin market cap should be more than the GDP of USA and that is really tough to happen.

So I am not believing that bitcoin will ever reach that milestone, but yes, bitcoin will go up much higher than its current level for sure. So whoever is planning to invest in bitcoin, please start now or else you may loose a bit from your future profits.
sr. member
Activity: 676
Merit: 319
$500k in 3 years, that is by far the biggest Bitcoin price prediction , I don't believe there
legendary
Activity: 924
Merit: 1000
Well exponential growth can make this happen, you cannot predict what will happen. In terms of exponential growth, 3 years is probably not enough, but 5-10 years things can change enough for BTC to explode into a ridiculous price overnight as more and more useless fiat money enters the capital B blockchain, specially when bond market collapses and gold continues to underperform a lot of trillions will come.


Of course this is assuming big blockers don't keep ruining the price.

McAfee is a big blocker and he is predicting $500k. Grin Grin Grin
legendary
Activity: 3556
Merit: 9709
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500k is 3 years, hell yeah, that's what I'm talking about Grin - I personally think it's unlikely but I won't be complaining if it comes true Cheesy
newbie
Activity: 42
Merit: 0

Sounds like he has a lot invest in btc and is getting nervous watching it slide down.. He is getting lots of bets.

McAfee has a massive ego that doesn't mix well with investing. He also bet on the US and the usd collapsing, built a compound in the Belize jungle and then came running back when the locals started pillaging him.
hero member
Activity: 1792
Merit: 534
Leading Crypto Sports Betting & Casino Platform
Archived the page.

If you want him to eat his dick on national television in three years, come back to this thread and don't forget to thank me.

I love how he gives loads of vague terms related to "math systems" and doesn't actually explain what they are or why he's using them to suggest that Bitcoin will have a completely ridiculous price.

Maybe he's joking?  
legendary
Activity: 3052
Merit: 1273

That was one of the shittiest comments I ever saw from someone and even replied to him for his ^Bets?^ part.
Speculation is one thing, but going insane over few things could lead these people in hospital. /sarcasm
Bitcoins should not be seen as penny stocks or whatever these so-called investors are taking it as, but should be taken as a currency if we want it to grow as a global currency and not a tradable instrument only.
sr. member
Activity: 882
Merit: 260

It depends. Only those person who are in charge of bitcoin value's swinging are the responsible. If there is a person that will know if bitcoin price will het 500$, that would be no one because we can't say that bitcoin price is 500$ in the next 3 years. It's either more higher or lower than it.
sr. member
Activity: 378
Merit: 260
Bitcoin SV is Bitcoin
legendary
Activity: 1358
Merit: 1093
I will tell you something else... I don't know when but BTC will reach $50,000 at one point for sure! Guaranteed folks, it will happen... as for everything above... sky is the limit!
hero member
Activity: 2548
Merit: 950
fly or die
How many gazillions market cap would that make ? Where would the money come from ?

Unless he expects Trump to print dollars like crazy, Zimbabwe style ?
sr. member
Activity: 896
Merit: 268
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We don't know actually waht will happen to the price of bitcoin in the next 3 years because we are not fortune teller. The value of btc is depends on people who are using it and the bussinessman behind it. Let's wait for the price to get higher and let's find out if he is correct on his words.
legendary
Activity: 1204
Merit: 1028
Well exponential growth can make this happen, you cannot predict what will happen. In terms of exponential growth, 3 years is probably not enough, but 5-10 years things can change enough for BTC to explode into a ridiculous price overnight as more and more useless fiat money enters the capital B blockchain, specially when bond market collapses and gold continues to underperform a lot of trillions will come.


Of course this is assuming big blockers don't keep ruining the price.
sr. member
Activity: 798
Merit: 251
Small Trader
I think $ 500k is a very big number, and maybe he just "wished" for his investment in Bitcoin. So, wait 3 years and will it happen?
hero member
Activity: 700
Merit: 500
500K in 3 years? I'd eat my own dick if this will happen. I've kept 2 BTc in my wallet for a very long time and if it will be worth 1 Million after 3 years. I'd buy another dick for John so he can suck it anytime my way of saying thanks.
legendary
Activity: 2912
Merit: 1068
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Now he can say whatever he wants but who can actualy say what will happen in the next three years. In cryptocurrencies world this is a realy long time. If everything goes well with current issues and August 1 the price will go up, that is for sure, but still his price sounds a bit exaggerated.
legendary
Activity: 1904
Merit: 1074
He is falling for the Jihan/Ver/Wright bullshit and for that he has to eat his own dick. I will send him some sauce to go with that. You have to be a

little crazy to make a bet like that, but if it goes to 500k in 3 years, I will be willing to help him eat it. Damn, with that kind of profits, I would be

able to pump out my stomach and go for hypnosis sessions to forget about it and then retire very rich.  Tongue
legendary
Activity: 2604
Merit: 1036

OMG you are right!

Quote
if not, I will eat my dick on national television.
12:02 PM - 17 Jul 2017

Is he going to eat it cooked or raw though?


Looks like some people are already taking him up on his offer and getting lawyers to draft up the contracts lol. Man I would take him up on that offer as well if the odds are any good lol.
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