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.

Solarcoin might just do it 

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.

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.

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? 

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.

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.

He didn't said any of that...

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?

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

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.

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.

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.

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.

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.

maybe not 25%

probably 50%

how about a poll?

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.

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.

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

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.

I think Bitcoin will have 50% in 2 years.

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.

Another person that wants to put fear to the new investors. This is a so called black propaganda I can't even see that bitcoin is going to be overcome by another alt coin or some sort of the same crypto/digital money. He is just trolling around so that most of the hoarders once heard his speculation will be feared and sell the coins they've got.

The only way that I see that he will be correct is if a central bank or large company releases a coin.
If Apple or Paypal migrated their payment services onto a cryptocurrency, then I think they would be worth more than Bitcoin is now.

The current crop of Alts aren't going to overtake Bitcoin. ETH was a decent idea that has been poorly executed. Something similar could be successful, but I don't see at the moment what that is.
Many alts have no chance of making it big from the outset as they have feature, such as anonymity, that will never be accepted by the mainstream.

All the altcoins exist because of bitcoin.Altcoins are getting improved,bitcoin is getting improved as well.
The altcoins will never have the level of trust which bitcoin has.
Anyway,after 2 years bitcoin might be destroyed by governments,central banks or something else.

Let him make a guess, its his opinion and he has the right to speak his own opinion. Probably he was worried about the effects of the release of the fiat digital currency in the market, and with the banks as its author there has to be some pull of investors from bitcoin. But I am seeing a different view though bitcoin may be affected by the fiat digital currency it will survive the wave and will again prove himself as the king of digital currency.

I think he will be correct.

I see no evidence that this will take place. I think he is guessing just like the rest of us.

Might be true. With new coins like Spectrecoin , Spectrecash that takes the best of zcash, monero, etc and makes it its own, it basically the best of the best.
 What he say might b right.

Maybe the bath salts addled publicity hunter has signed up for Onecoin.

That's just pure speculation. He has no evidence to base that claim on.
As things stand we've seen more technologies built on the Bitcoin protocol which have been more revolutionary. Despite that, Bitcoin still remains at the top with far more than a 25% market cap.
As it stands, there's no real reason why this would change but if things do progress then it's fair to say that there's a possibility that BTC's percentage of the total market cap will decrease although tonexactly what nobody can predict with certainty.

John McAffee claims that "In Two Years Bitcoin will only have 25% of the Crypto Market Cap" . How delusional he is?

https://www.youtube.com/watch?v=4E3IRQZ7OFs

As we can see, BTC is still 80%+ of the total crypto marketcap. There are absolutely 0 bitcoin competitors as of today. The existing cryptos are just small niches (the 2 or 3 that are worth anyones time, the rest are just jokes)

So he is claiming a "bitcoin killer" that would make everyone getting in soon rich as fuck (kinda like bitcoin 2.0 happening) would appear in the next 2 years.

This is as realistic as any of the existing coins taking away 50-60% of bitcoin's current marketcap (which should be higher in the next years)

How delusional is this?

I wish he was right, and some sort of unique revolutionary thing happened, and we all got at the begining this time instead of getting in 3 years later when it's already 3 figures per coin, but let's be realistic. A thing like bitcoin happens every hundreds of years, so what are the chances that a new technology steals 50-60% of bitcoin's marketcap?

You could claim it will be a couple of coins getting like 10% each... still very delusional, it would need to be new coins, existing coins dont offer enough to justify that change.

I want to get rich as fuck with a new coin that is revolutionary and brings something new, but unfortunately I dont see it happening. We are stuck with bitcoin's slow growth and with the lame pump and dump alts, and the big pump and dumps on alts already happened (no more Monero style 2000% gains anymore)