Topic: John McAfee Says “Bitcoin under $9,500. If you are panicking, you are a fool” - page 5. (Read 823 times)

John McAfee has said a lot of ridiculous things in the past, so people tend to dismiss most of the statements that he makes. When you say you will cut off your penis and eat it, if something does not happen, then people might think you are a bit crazy... right. 

Well for once I might agree with him, because a lot of people did not sell their coins when the price dropped with over 80% from it's all time high of $18 000 in 2017.    There is no significant bad news that are pushing down the price and I suspect someone is dumping lots of coins to push down the price, for them to get back in at a lower price. 

I don't usually respond to fudders, but this guy here has to be put in his place. His tone is just too similar to JP.


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.

Also, on an un-related note, just because something is illegal in an establishments eyes does not make it wrong. Take bitcoin, which was illegal in most places in the beginning, still is illegal in some places, yet has proven to be a viable digital currency with potentially revolutionary outcomes. Most revolutionary movements either begin wrongly illegal due to higher motives, unregulated or initially incorrectly unregulated.

Bitcoin is a very good example that not everything in the eyes of the establishment is correct. I am not condoning breaking the law, but you do have to keep in mind that man-determined rules after centuries of operations almost always have many underlying motives to ensure greater goals and objectives remain possible and achievable. This includes banning of some recreational drugs which have proven to have positive effects, such as LSD or recently recognised marijuana for its medicinal purposes, both of which were and still are banned in most places to prevent mass free-thinking.

Forward thinkers do not generally judge others views based on their personal habits, by the way 


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

Bitcoin adoption declining? This article, one of many just by searching "bitcoin adoption statistics" on google proves your initial statement entirely wrong:
https://cryptalker.com/bitcoin-adoption/#Bitcoin_Adoption_by_Country
Are you talking about adoption in the past 7 - 30 days? If so, this is not the right way to measure adoption of anything let alone bitcoin.

In terms of LN, usability is increasing, not decreasing. Many businesses have and continue to research & integrate the tech. Both development & adoption of LN have definitely not slowed down in the last 12 months, again some statistic research will prove this. I'll leave you to it

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.

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, 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 agree with him in a long-term "hodling" perspective; these dips/drops shouldn't matter if you're long-term bullish in the first place. In the short-mid term trader's perspective though? Maybe, maybe not. Bitcoin can definitely still drop far below $9500, and there might be a lot of buying opportunities at lower prices in my opinion. But at the same time, it's also possible(though unlikely in my opinion) that bitcoin wouldn't drop lower than $9000. In the end, it's all just proper risk control.

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?