John McAfee Says “Bitcoin under $9,500. If you are panicking, you are a fool” - page 3.

Khaos77

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Quote from: BenCodie on August 30, 2019, 12:17:27 AM

Quote from: Khaos77 on August 30, 2019, 12:05:51 AM

Quote from: Prateek_sharma on August 29, 2019, 11:57:19 PM

Well!! Recently, popular crypto face john McAfee tweeted about bitcoin. He Says “Bitcoin under $9,500. If you are panicking, you are a fool”

Source: https://coinpedia.org/news/bitcoin-price-john-mcafee/

What's your take john mcafee's view?

John is mentally defective from over usage of illegal recreational drugs.
This is a man that claimed he would eat his dick on live TV, on 17 Jul 2017 if BTC price was not $500000 per coin in 3 years.

So on July 17, 2020, someone should hand him some pain killers and some salt,
because btc price is not going to even be close to his insane prediction.

He is utterly delusional...

Highly disagree. One could argue that Mcafee would not be where he is today if said illegal substances effected him in such a negative way. I can agree that his views are ambitious to say the very least, but that does not mean all of his views and opinions is wrong.

Dude claims to eat his dick on live TV and you think he is not acting in a negative way.
Maybe you're taking the same crap he is. Cheesy

Quote from: BenCodie on August 30, 2019, 12:17:27 AM

Quote from: Khaos77 on August 30, 2019, 12:05:51 AM

bitcoin adoption has been declining not increasing , LN still not ready, & new asics chips will be out,
all of these factors will lower BTC price for the foreseeable future not increase it.
BTC may drop back down to $3500 with the new chips.

Quite a laughable statement overall. Here's why...

Bitcoin adoption declining?

Yes Declining,
https://www.longhash.com/news/bitcoin-is-processing-fewer-payments-per-month-than-it-was-in-2016

& LN is stil not ready.
https://coinspice.io/news/btc-lightning-network-problems-18-months-away-from-being-solved-since-2015/

Quote from: ?? on ??

https://cointelegraph.com/news/australian-coder-warns-users-of-lightning-networks-vulnerabilities

Quote

Australian software programmer and Bitcoin’s (BTC) Lightning Network coder Rusty Russell warned users that
“security issues have been found in various Lightning projects which could cause loss of funds.”

Quote

On Aug. 30, Russell published a tweet urging LN nodes operators to update their software as soon as possible. According to the message, his warning concerns all versions of c-lightning prior to 0.7.1, lnd older than 0.7, and eclair up to version 0.3.

Quote from: BenCodie on August 30, 2019, 12:17:27 AM

Finally, the miners...
Miners are notorious for going to great measures to ensure their profits never go into a long-term negative. History proves this with each bitcoin halving. This fact is a big part of what makes bitcoin & other mineable coins thrive heavily. New chips do nothing more than keep up with current difficulty, and once widely adopted becomes the norm in the industry. This is not new info, every other time mining tech has improved this statement holds up.

History Proves that many miners go bankrupt at the halvings and only those with VC funding continue to the next round.
New chips lower the energy waste for a short time and allow new bitcoins to be created at a lower cost for ~year,
bitmain uses this to their advantage and shorts the market while they have the new chips before anyone else does.
This causes a price drop in BTC, and bitmain rakes in profits , and then starts on the next new chips for a rinse and repeat for the greater fools.

* The most profit tactics in bitcoin has not been mining,
but tricking venture capitalist dumbasses that have more fiat than sense to continue funding losing business models in the hope that one day they hit a windfall to cover all of those loses. Not gonna happen, just a bunch of asshats working hard to find bankruptcy.*

OnceTwiceThird

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Now bitcoin under $9500, its true what John McAffe said about bitcoin will cross under $9500. When is up maybe next month with have good situation of bitcoin.

coin-investor

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Quote from: Prateek_sharma on August 29, 2019, 11:57:19 PM

Well!! Recently, popular crypto face john McAfee tweeted about bitcoin. He Says “Bitcoin under $9,500. If you are panicking, you are a fool”

Source: https://coinpedia.org/news/bitcoin-price-john-mcafee/

What's your take john mcafee's view?

This tweet is for those weak-hearted and newbies who do not analyze the price movement in the last three years, people are very quick to tweet about Bitcoin price dip like what https://twitter.com/PeterSchiff/status/1166810592834969600, Peter Schiff
@PeterSchiff did but after Bitcoin begins to take move forward, they are very slow to tweet it.

That price is not even alarming compared to what happen 4 to 5 months ago, people should learn by now, that it's not something to worry about, and it's not going to be the first time that's going to happen.

If you are alarmed then either you have invested all your life savings here, did not buy Bitcoin when it was in a bear market, or an educated investor.

zviadits

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It is necessary to hold Bitcoin, but not to buy. I am sure that the price will continue to fall for several more weeks until the launch of Bakkt.

pooya87

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Quote from: paynercash on August 30, 2019, 08:59:21 AM

When I entered this market, I did not panic. At the beginning of 2018 I started, investing in this market at that time I bought ETH for $ 700. By the end of 2018, ETH went to the lowest level of $ 80 but I did not panic and sold, I persisted in holding the ETH I bought. and from then on I thought that my persistence was the cause of my loss.

in other words you bought an inflationary altcoin with unlimited supply which was super pumped near its peak of the bubble and have lost 75% of your investment (from $700 to $170).
you see sometimes "panicking" is a good thing specially when you are dealing with pump and dump altcoins such as ETH. it has nothing to do with your persistence but your lack of experience not being able to see the pump and dumps.

bright4mech

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I agree with John McAfee, base on the current price at $9,500 price really show more courage to invest on bitcoin in a future time.

pixie85

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I agree because bitcoin is like an automatic gold mine for me and every patient investor. You just wait and every cycle when it goes up sell a bit to get yourself something nice and boost the morale and keep the rest waiting for another cycle. I spend only in bull runs and buy or hold through the bearish months.

There were small dips and panics before the big pump in the past. Check out July 2016.

selectaselectine

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Woah! It is now 2019 and still you believe in McAfee. Why do people still listening to his opinions even his digital assets goes lower after the ICOs he said you must joined to. But anyways, the $9,500 value good as of now to avoid alarming the regulation on bitcoin again. The rapid growth happened last time and it was easily regulated but today the bitcoin should grow slowly in order to be lessen again. So yeah, don't panic as of now since bitcoin is the only investment you can really trust and let time make it fine as wine. Keep holding and it will pass its all-time high for the next several months or years.

rdluffy

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This guy is funny Grin

I don't follow his tips, but this is true, there's no reason to panic guys

For me the price is very good, I'm happy and holding my coins, I'm optimistic about the end of the year, but if BTC keep 10k USD or something between 10k I'm very satisfied

Slow death

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Quote from: Khaos77 on August 30, 2019, 12:05:51 AM

John is mentally defective from over usage of illegal recreational drugs.
This is a man that claimed he would eat his dick on live TV, on 17 Jul 2017 if BTC price was not $500000 per coin in 3 years.

The source:

https://twitter.com/officialmcafee/status/887024683379544065

Quote from: Khaos77 on August 30, 2019, 12:05:51 AM

So on July 17, 2020, someone should hand him some pain killers and some salt,
because btc price is not going to even be close to his insane prediction.

he's constantly talking a lot of bullshit, that he even talked about a time traveler

John McAfee: Bitcoin Time Traveler Proof That BTC Will Hit $1 Million

Quote from: Khaos77 on August 30, 2019, 12:05:51 AM

He is utterly delusional, bitcoin adoption has been declining not increasing , LN still not ready, & new asics chips will be out,
all of these factors will lower BTC price for the foreseeable future not increase it.
BTC may drop back down to $3500 with the new chips.
(Bitmain will be mining with it months before they start selling new ASICS to the public.)

I do not agree that the price will reach $3500 again

Quote from: xvids on August 30, 2019, 06:56:44 AM

I agree with him but he also have to know that not everyone could stay calm specially if they see that their investment is going down.

That's the point, most people invested with the hope that the return would be big and immediate, and when they look at the price falling, of course they panicked.

vintages

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Hahaha.. This guy always cracks me up with his word.
Well, I have to agree with him on this one.
Price below 10k does not means doom. This year alone there have been major increase in the price of Bitcoin than last year which is very encouraging.
Some people are expecting that the pride of Bitcoin should keep on increasing without flatulence which is not even possible.

CryptoBry

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In the past, John is known to be predicting glowing numbers for Bitcoin that many felt can be already beyond market realities. Now, for the first time, maybe I would agree with John. Bitcoin within the $9K zone is not something that we should be panicking as this is just another normal movement of Bitcoin. Even if Bitcoin can be back at around $6K I still am not going to throw my Bitcoin away because I am waiting for some solid movements in 2020.

paynercash

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When I entered this market, I did not panic. At the beginning of 2018 I started, investing in this market at that time I bought ETH for $ 700. By the end of 2018, ETH went to the lowest level of $ 80 but I did not panic and sold, I persisted in holding the ETH I bought. and from then on I thought that my persistence was the cause of my loss.

kryptqnick

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For some reason the article is unavailable, but in general I think that small fluctuations are absolutely normal. Thus is what we have to be ready for if we don't want centralised regulation. And if you look at early history of Bitcoin, you can really see how things are getting better. It's just that the price is bigger, so it seems more significant. But if we look at percentage, now everything is fairly stable. And of course, from long-term perspective even significant price drops don't matter. I am sure that eventually we'll see the new ATH, and it's a matter of a couple of years.

ene1980

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Quote from: Prateek_sharma on August 29, 2019, 11:57:19 PM

Well!! Recently, popular crypto face john McAfee tweeted about bitcoin. He Says “Bitcoin under $9,500. If you are panicking, you are a fool”

I am sure he will be tweeting daily with one theory after another, the point he said now is true as no one will sell bitcoin at this rate as there is nothing alarming to think that market will have a huge correction. You do not need to be a professional trader to understand when to sell off your coins, the only people who sell off in a panic are hustlers. If we are to start a topic with every tweet from all the crypto celebrates we need to start a new child board for that Tongue

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Miklight88

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My take on that is optimistic too , any one that bought @$14k before it came back to current price is never a looser but should be a holder and he will never regret it, john is right if you having it now and panicking about been a fool cos the future is our goal and not present and it will come in a slow and steady way.

xvids

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I agree with him but he also have to know that not everyone could stay calm specially if they see that their investment is going down.
Not everyone in crypto are aiming for the long run some of us are here because of business to feed our family some of us are earning daily to turn it into Fiat to pay some bills.

ethereumhunter

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No, I am not panic. It is not good if people panic because that will only make things worst. We need to stay calm for a while and see what is happening later. If you think that you can not watch the price getting down, maybe you need to get out of the market and do another activity, so your mind will not attract to the market. Forget about everything related to the market and don't think about the up and down of the price because that will make you panic.

meanwords

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He's known as a shiller nowadays because of how he pumps altcoins in the late 2017, I slightly agree with him this one though. $9,500 is still a good entry considering long-term investment but when you look at short term-holding, we might see a decline soon in which investors will take an advantage to those who sold early. But still, I won't really trust his words.

On the other hand, just like the others, I'm still waiting for Bakkt to see if the changes will be drastic in price for Bitcoin.

cheezcarls

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Quote from: Prateek_sharma on August 29, 2019, 11:57:19 PM

Well!! Recently, popular crypto face john McAfee tweeted about bitcoin. He Says “Bitcoin under $9,500. If you are panicking, you are a fool”

Source: https://coinpedia.org/news/bitcoin-price-john-mcafee/

What's your take john mcafee's view?

Since I’m a Bitcoin and cryptocurrency advocate, I really can or can’t agree with John McAfee. It really depends on the situation or financial condition we are in.

If I’m a person who learns how to diversify our money and opportunities, then I would worry less with Bitcoin’s value going down. Diversification is the key. We can’t just simply rely on our Bitcoin or cryptocurrency holdings.

If we don’t diversify, that would make us panic when Bitcoin and other alts goes down and forced us to cash out all of them. It’s because we’re equipped with fear, doubt and uncertainty.

The current market’s situation is also testing me too. But you know what? I definitely love the challenge, as I always consider this as my ultimate perspective test. I have a different perspective in mind, which I always think about long-term, that’s why I keep diversifying.

My advice is this. Do a side gig or at least get a temporary job to sustain your basic needs. This is what I’m doing these days. When Bitcoin and altcoins are on its glory days, I diversify by selling and holding some. I used some of my money to diversify in other areas that would keep me going further.

I hope this helps those who are in “panic” mode.

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