Topic: John McAffee: "In 2 years Years btc will only have 25% of the Crypto MarketCap" (Read 2138 times)

We never can predict how the future of the bitcoin will be and how the price is going to change according to the economic environment or the government are going to deal with it, we can only hold bitcoin for as long as it is at a high price and as long as we are not banned from using it.

I heard that Craig Wright - a supposed person behind Satoshi alias will be the face behind some new altcoin. Maybe John McAffee will do the same next?
After all creation of altcoin, IPO/ICO is proved to be the best way to gain money fast, furthermore when backed with well known name promoting it, ICO creators might gather tremendous amount of money.

That's his opinion, Its not like he is a seer to actually know whats going to happen in the near future.

This is exactly correct. I mean bitcoin might be down to 25% of the crypto market but it is very difficult to expect it in 2 years. I say past 2020 some more promising coins might rise.

This is just a rough statement, without any fact backing what he is saying. There is a few reasons for me to think that what he is saying will not happen :

Still no competitor to this day : to this day, after 8 years of existance for Bitcoin, that was not a single competitor that got just one tenth of the total market cap. In two years, with to now no great project ahead, I doubt the theory of a mighty crypto-currency surpassing Bitcoin will make its dominance sink. Ethereum was the most credible opportunity and to this day they have failed to nearly everything they have promised.

The theory of a great number of good coins : this theory would be that there would be a great surge of good crypto-currencies, totalising each at least a marketcap 50 000 000$. Again, considering that nothing moves and stay at its current rate, for Bitcoin to have only 25% of total marketcap left, we would need not less than 890 of those crypto-currencies. Definitely impossible.

Bitcoin plunging : of course if Bitcoin plunged to comically low levels, its global dominance would be affected, since its marketcap would be much more lower. But, given that this has a little probability to happen, I do not think that we can take this way of how things could go seriously. Even though if we did so, Bitcoin falling to the ground would be too nefast for the whole crypto-economy, and all the altcoins would be driven in its path. The total marketcap would be much more less, and I doubt that any altcoin would survive.

In brief, this is just a way to get cheap coins as many will say here !

McAffee knows nothing!
That's just pure wild guessing.
Nobody here knows what the ecosystem in 2 years will look like.
If he really should be that much convinced his prediction coming true I would like to see him making some serious bet on that outcome.I'm sure he won't do it!

Only way i see it happening in 2 years would be a country or 2 creating their own crypto and somehow it counts as a decentralized version where worldwide folk are just as welcome to adopt it.

Like it or not. This is the truth. From the very first altcoins onward (Litecoin, Terracoin.etc) to the most recent ones (Trumpcoin, ShadowCash, Stellar Lumens.etc), all the altcoins were designed by developers who intended to profit out of it. On the other hand, Satoshi never encashed any of his coins.

What matters in his speech is not the number (25%) but what he is trying to say. He is saying that Bitcoin will lose much of its hegemony in the world of cryptocurrency. I do not think this is true and I did not quite understand the motivations that lead him to think this way, but on both sides it's all just a kick, there's a lot that can happen in 2 years with Bitcoin (good or bad) .

yes but also from the fact that we do not see any good altcoin projects alive at the moment, there are many half dead, half ass projects and there are lots of dead ones.
unless a Satoshi Nakamoto 2.0 comes out in 2017 i don't see a new good coin being created.


it wasn't really hard to predict price of bitcoin will rise up a lot when it was 1 cent.
you know what bitcoin offers its users right?


what grounds? bitcoin has a certain level of adoption, even if it doesn't grow it will still have this much adoption. and unless you can see 1/10000th of that adoption in any other altcoin i wouldn't worry about any grounds!

That's an incredibly ballsy statement coming from a guy like McAffee. He isn't that much of a figure within the community and he isn't saying anything specific, just "in two years it will be a lot smaller than it is right now"

I'm reading into this as he's going to hype something and promise it to be the so-called Bitcoin Killer, which will likely fall on its face after people realize it is weak. He just wants to prop it up for now.

How can anyone agree to that ?  Tell me how many population of the world uses bitcoin now. Maybe less than 25% or even more less. So when remaining 75% will start to use Bitcoins, it value will increase more and so will increase the market cap. (will not decrease).
As far as altcoins are concerned, none of them is trustworthy. Behind every altcoin is a dev who made his Alt for a short term profit.

McAffee had/has problems with drugs & alcohol, on that video he seems to a little confused to me.
I see no reason to trust his evaluation any better than I trust the evaluation of my neighbour (who does not know what a bitcoin is).
Of course there is a chance that a coin will become number 1 in crypto currency market.
Personally I expect it even to happen some day.
But not within two years.

25 % is a huge percentage and i personally dont think that  coming .there maybe a chance that the price of bitcoins would be valueless and it maybe very useless if u have a lot of bitcoins .and john mcafee may be right .we have to wait and see what happens.

LOL... that's what happened. McAfee is still bitter that he didn't purchased enough Bitcoins, when the price was low. When he took Bitcoins seriously, it was too late. Then he tried his luck with a few altcoins, but lost his investment. What a loser?

I wouldn't dismiss his prediction immediately. Why are you saying that he is delusional? It's based on your past experiences, which show that nothing of the sort has happened with an altcoin in the past. But the key to this market is that it is unpredictable, bitcoin was completely worthless at one point, and who could have predicted it would be worth close to a $1,000 just a few years later?
If there is no major adoption of bitcoin soon, it will lose ground, but yes, McAffee's statement seems kinda unrealistic.

Aside from being delusional its impossible to happen. It is maybe just a statement made so that bitcoin users may panic and shift to other altcoins. It is also possible that John McAffee was a stockholder of one of the alternative coins that have entered the market cap. And it is necessary for them to make bitcoin users be tempted to shift from bitcoins to their altcoin which means profit for them.

No, Bitcoin will be the dominating coin with larger percentage of marketcap.John McAffee would have come to such conclusion based on some charts showing bitcoin marketcap fallen from 95% to 80% from 2013 to 2017. Today, investment is diversified with lots of altcoins, but still, there is no such situation so that Bitcoin marketcap would be reduced to just 25% of the crypto currency marketcap.Bitcoin would still remain the unbeatable coin for atleast some years.None of the existing coins have potential to replace bitcoin.

the thing about marketcap is that it has no meaning when it comes to cryptocurrencies
so yeah if bitcoin has 0.00000001% of the whole marketcap or if it has 99.9999% of it, there is no difference. bitcoin is still on top of all other cryptocurrencies with a huge landslide.

it is simply because what makes the marketcap of altcoins go up is their number of coins available. and that is just a number without much meaning. if you check ethereum and coins like ripple and doge for example you can understand what i mean. they have no real usage, and yet they have huge market cap only because they have large number of coins.

This is a completely random guess based in bullshit FUD. Bitcoins are hovering around 80% right now back and forth between 75-85+ and he thinks it'll be 25% so quickly!? That's delusional. Even if something better came along the rate of adoption would not be 2 years.