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Topic: John McAffee: "In 2 years Years btc will only have 25% of the Crypto MarketCap" - page 2. (Read 2139 times)

legendary
Activity: 1736
Merit: 1001
Solarcoin might just do it  Grin
hero member
Activity: 770
Merit: 500
Bazinga!
i doubt that this can happen because of two things.
coins with big market cap such as ethereum can not be created every day and be a successful manipulation to keep it up.
and coins that are good enough to go to high prices have not yet happened. and i don't see any of these two change in only 2 years to take up such a big portion (75% of market cap) out of bitcoin's hands.
hero member
Activity: 1372
Merit: 500

Sounds like major specualtion by him and it could still be number 1 with 25%.  Alts continue to be born daily and they eat up some of the %.  The important thing is the price in this context anyway.
legendary
Activity: 938
Merit: 1000
I see no evidence that this will take place. I think he is guessing just like the rest of us.

I guess he is.  It will need to greatly  surpass Bitcoin adoption in order to get more than half of its volume and I wonder how will this Bitcoin killer do that in just 2 years.  Though I still consider the chance of something more innovating to overcome Bitcoin Market but it will not be this next 2 years.
Although it seems very unlikely it should not be taken lightly, and not even due to a period of two years,  is still possible on that time appears that "killer" application, if we remember that the majority of the source code is reusable in most cases so it would take much less time to start another new project, a couple of improvements here and there with a bit of consensus would change things in a little predicted way, this happens very frequently in the big corporations as well, I will not mention names but we have all seen cases where dominance is exercised in a specific area and suddenly another one emerges that overthrows, Does it make any sense now? 
sr. member
Activity: 406
Merit: 252
Veni, Vidi, Vici
The Mc afee security products were revolutionary and antivirus one of the first products in this category. There were no people in the world involving with computing from newbies to expert users who didn't know mcafee. But in recent years there are more complete and competitive products in this area so imo several others have taken up the running. John Mcafee tries to return to the field of cyber security using a a speculation of bitcoin and smartphones without presenting any real facts or evidence. What he wants is to promote the products of his company http://www.mgtci.com/ which surprisingly are related with smartphones and asic miners internet security and that's why is doing all of these statements and speculation http://www.ibtimes.co.uk/john-mcafee-mixing-smartphones-bitcoin-will-leave-cryptocurrency-absolute-chaos-1590714. Unfortunately for him, no longer has the same prestige he had 20 years ago. So I cannot believe his predictions about bitcoin course.
copper member
Activity: 1050
Merit: 500
I see no evidence that this will take place. I think he is guessing just like the rest of us.

I guess he is.  It will need to greatly  surpass Bitcoin adoption in order to get more than half of its volume and I wonder how will this Bitcoin killer do that in just 2 years.  Though I still consider the chance of something more innovating to overcome Bitcoin Market but it will not be this next 2 years.
legendary
Activity: 2786
Merit: 1031
Thats whats FUDsters do. Spreading bullshit that will never gonna happen. Anyway, i respect his predictions about bitcoin. Anyone can create his/her own predictions. But his prediction is never realistic. In just 2 years, bitcoin marketcap will drop to 25%? Thats too fast. Anyway, whos this John McAfee?

He didn't said any of that...
sr. member
Activity: 560
Merit: 269
Thats whats FUDsters do. Spreading bullshit that will never gonna happen. Anyway, i respect his predictions about bitcoin. Anyone can create his/her own predictions. But his prediction is never realistic. In just 2 years, bitcoin marketcap will drop to 25%? Thats too fast. Anyway, whos this John McAfee?
hero member
Activity: 630
Merit: 500
I totally agree with him, most of these Altcoins would have been in existence for like five years and I expect the trust level to increase and the marketcap to head towards $1 billion. I'm very sure by 2020, we will have more than 10 other crytpo with marketcap above $1 billion. There is so many rooms for them to grow
legendary
Activity: 2786
Merit: 1031
He could be right, bitcoin develoment is slow and will not really change too much, we see altcoins coming out with new ideas all the time I think within the next two years we might just see that one alt that takes over, bitcoin will not die but would act as an investment rather than a coin for everyday use.

All speculation but it is just a matter of time until something else happens.

But he is talking about more than half the marketcap of bitcoin will move towards alts... that is ridiculous.

Again, for an altcoin to get out that much money out of bitcoin (or generate new one so high that it makes the existing btc marketcap be 25%) it would need to offer something ridiculously innovative. I dont see it happening in 2 years.

Nop, nothing has to move from bitcoin to any other place, other coins just need to become really useful and more worthy players enter the game.

Bitcoin is/was into being a currency, a means of payment, with the current roadmap from the people in charge it is more of a settlement network and even if it was still trying to be a currency it may fail as a means of payment, other coins play in fields other than pay for stuff and those systems might become really useful and widely used making it very valuable.
legendary
Activity: 1372
Merit: 1252
There's no competition right now. Suddenly some coin launch and takeover crypto-currency market? I don't think that's possible. While Monero stay in its own lane there's not even one altcoin that have the potential to be next Bitcoin. Almost all altcoins are scam, they can't race with Bitcoin under these circumstances.

This is why I think he is delusional. McAffee does too many drugs, he is 70 years old and looks great because he hasn't done anything other than luck out with his stupid company and then become a celebrity and get paid to do speeches and crap like that, so he hasn't worked for years.

Now he pretends like he knows shit about crypto. I can't wait to look at coinmarketcap in 2 years and see how wrong this guy was.

And again, I hope im wrong and a new coin deprecates bitcoin so I can buy a shit ton of it and get rich as hell, but it's not going to happen. We are stuck with bitcoin as number 1 and then the rest of stupid ass shitcoins except a couple of ones that are actually good, but it's already late to get in and get rich.
legendary
Activity: 1470
Merit: 1001
Its possible that in two years we could see digital coins from governments (i don't think that we could talk about this digital fiat as crypto), and this could help that more users to know what is bitcoin. I don't expect that any new crypto-coin could move bitcoin down to only 25% of market in this small period of time.
legendary
Activity: 2982
Merit: 1485
There's no competition right now. Suddenly some coin launch and takeover crypto-currency market? I don't think that's possible. While Monero stay in its own lane there's not even one altcoin that have the potential to be next Bitcoin. Almost all altcoins are scam, they can't race with Bitcoin under these circumstances.
legendary
Activity: 1372
Merit: 1252
He could be right, bitcoin develoment is slow and will not really change too much, we see altcoins coming out with new ideas all the time I think within the next two years we might just see that one alt that takes over, bitcoin will not die but would act as an investment rather than a coin for everyday use.

All speculation but it is just a matter of time until something else happens.

But he is talking about more than half the marketcap of bitcoin will move towards alts... that is ridiculous.

Again, for an altcoin to get out that much money out of bitcoin (or generate new one so high that it makes the existing btc marketcap be 25%) it would need to offer something ridiculously innovative. I dont see it happening in 2 years.
sr. member
Activity: 308
Merit: 250
maybe not 25%

probably 50%

how about a poll?
hero member
Activity: 3080
Merit: 603
I don't even think that bitcoin will only have 25% for only 2 years? Let's be real here, that guy surely wants to tell us that let's just quit bitcoin and join him with his new coin sensation to make him filthy rich. There's always a new coin and a lot of it already existing in the market but no one was able to surpass bitcoins market cap.
legendary
Activity: 2786
Merit: 1031
Bitcoin has been losing market cap dominance over the years, but to have only 25% two years from now is quite a bold prediction, 60% is a more realistic prediction for such a small period of time.

It will probably take at least 5 years for bitcoin to lose so much dominance.
legendary
Activity: 1666
Merit: 1001
i don't think that will ever happened in two years, bitcoin still the best and the most used crypto currencies, and it show a lot of increasing user in the past few months and bitcoin has become more and more famous, and there are still no alt coin that can compete with bitcoin yet, so two years to beat down bitcoin until 25% is not possible
staff
Activity: 3500
Merit: 6152
To be more precise , bitcoin dominance is currently 85.5% . If we manage to get through the whole blocksize debate and activate Lightning network too , I doubt people would switch to anything else. In fact , we will have more userbase then ever.
2 Years doesn't look like enough time for new projects to develop , there are some interesting projects and ICOs at the moment indeed but surpassing bitcoin is definitely unlikely to happen.
sr. member
Activity: 406
Merit: 250
I think Bitcoin will have 50% in 2 years.
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