For these that didn't trust clicking into that weird link, here is a more user friendly link:
https://bircoin.top/
But in any case, it's a 100% legit site... I wouldn't risk my Legendary status posting malware.
Now on the graphic itself.. the reason I think it's still a reasonable prediction is because we are not that far off so far. Remember that during the $20,000 peak, the prediction was 295 days ahead of the curve, so that meant that at that rate of growth, we were going to $1million in around 2019...
Of course, that was not sustainable, but this means that we can go below the curve for a while, and still make it on top on the long term, and on average be following McAffee's prediction.
A lot of people think it's a joke but he put thought into his model. So far is not far fetched to get to $1million in 2020, dec 30th.
Topic: Website to follow McAfee's $1,000,000 model (Read 512 times)
McAfee claims that he has made some mathematical models to estimate the price of Bitcoin by $1,000,000 before December 31, 2020. On this interesting website, you can follow his model/bet and see if we are on track:
https://fnordprefekt.de/
If we are above the red line, or touching it, we are in good shape to reach the $1,000,000 prediction, if we go below, it would mean we are oversold, and therefore a good time to buy the dip. So far we are right on track after the big dip.
I really hope he still gets to eat his dick if he ends up wrong anyway. However, looking at the chart, it sure looks like a prediction that is possible and if we really do get to see this, it is going to be extremely interesting how the whole market is going to be like.https://fnordprefekt.de/
If we are above the red line, or touching it, we are in good shape to reach the $1,000,000 prediction, if we go below, it would mean we are oversold, and therefore a good time to buy the dip. So far we are right on track after the big dip.
Like you have mentioned, we are really on track, oversold, and trying to bounce back over the red line. It sounds like impossibility though within this period, but I am open to believe anything as even $10,000 sounded unbelievable few years ago.
He has already said it he is not going to do it even if it doesn't reach that price and I hope that nobody thought he is really going to to. It was just a publicity stunt, and lately the guy has become annoying with those.
Growth from 1$ t 10 000$ is indeed 10000x and we only need 100x to reach 1 million, so only 1/100 of the growth we have experienced in the last 7 years.
But!, of course there is a BUT as stuff doesn't work like that.
This growth would actually require more than 100x the cash invested so far, this excluding the fact that people who have HODL from 1000 might be tempted to sell at 500 000, the supply of coins will also grow a bit, as will the percentage of coins that are actually circulating, unlike Satoshi's coins.
100 000? Yeah. 1mil by 2020? Nope!
McAfee claims that he has made some mathematical models to estimate the price of Bitcoin by $1,000,000 before December 31, 2020. On this interesting website, you can follow his model/bet and see if we are on track:
https://fnordprefekt.de/
If we are above the red line, or touching it, we are in good shape to reach the $1,000,000 prediction, if we go below, it would mean we are oversold, and therefore a good time to buy the dip. So far we are right on track after the big dip.
I really hope he still gets to eat his dick if he ends up wrong anyway. However, looking at the chart, it sure looks like a prediction that is possible and if we really do get to see this, it is going to be extremely interesting how the whole market is going to be like.https://fnordprefekt.de/
If we are above the red line, or touching it, we are in good shape to reach the $1,000,000 prediction, if we go below, it would mean we are oversold, and therefore a good time to buy the dip. So far we are right on track after the big dip.
Like you have mentioned, we are really on track, oversold, and trying to bounce back over the red line. It sounds like impossibility though within this period, but I am open to believe anything as even $10,000 sounded unbelievable few years ago.
There is no maths behind his prediction. At best it could be called exponential growth, it would make more sense if he tried to predict the total crypto market capitalisation. If he really thinks crypto will take over from conventional markets entirely I guess the hype would be justified some.
I dont think you can pump bitcoin price at this point, he can hype it up but like you mention most of what he does is for self promotion. He is really promoting various alt coin and token launches for payment of publicity by those enterprises. Bitcoin rising shouldnt really be linked how viable each company on another blockchain is but somehow people view them as directly related
Am I the only that thinks that if something goes wrong McAfee will do something together with his **team to pump bitcoin so that he can prevent himself to be humiliated and get reputation by giving an accurate prediction?
I think this guy is one of those whales who technically played with bitcoin's price
I believe that he's another whale that is trying to get sentiment from small - average investors. And besides he's well known for his anti-virus so he's getting a lot of attraction to cryptocurrency which is in-line with technology and people believed that he's a technology genius.I dont think you can pump bitcoin price at this point, he can hype it up but like you mention most of what he does is for self promotion. He is really promoting various alt coin and token launches for payment of publicity by those enterprises. Bitcoin rising shouldnt really be linked how viable each company on another blockchain is but somehow people view them as directly related
I'd just like to point out that his reasoning for this second prediction of a million, raised up from his original prediction of 500k, lacks logic. I consider his original $500k prediction his real prediction. He made this new prediction when Bitcoin hit $10k late last year because he said he had it only at $5k at the end of 2017. There is no logically reason to change the prediction like this. What's he going to keep changing it every time the price significantly diverts from his prediction?! And bitcoin goes in boom-bust cycles, so sometimes it is going to be well above his prediction, that doesn't mean he needs to change the prediction. Bitcoin doesn't grow in a straight logarithmic line in the short term, only its overall long term trend line is roughly that.
So for those reasons it was just stupid and made no sense for him to alter his original prediction. Now you might also say $500k is absurd, but that was his real prediction and I'm more interested in seeing how long it can keep up with the needed growth to get to his original $500k prediction.
So for those reasons it was just stupid and made no sense for him to alter his original prediction. Now you might also say $500k is absurd, but that was his real prediction and I'm more interested in seeing how long it can keep up with the needed growth to get to his original $500k prediction.
I really cannot understand if this man is wise or just crazy. He is actually doing great in his businesses but his speculative suggestions feel like all TOLD FOR JUST ADVERTISEMENT. This is a guess. I really start to think that he loves bitcoin like his son or something.
I think price will eventually reach $100.000 btw. 1.000.000 feels impossibru!
I think price will eventually reach $100.000 btw. 1.000.000 feels impossibru!
He's an opportunist nutter. I recall a short while back he didn't even know there'd been two Bitcoin halvings already. As far as I can tell he didn't appear in the crypto scene until the last couple of years. For a computing pioneer he's certainly a late arrival.
Cryptopeople love anyone who carries a whiff of old school legitimacy, even when he has a stronger whiff of a hooker's turd.
Anyway people seem to love it and it makes plenty of noise about Bitcoin so why the hell not?
McAfee claims that he has made some mathematical models to estimate the price of Bitcoin by $1,000,000 before December 31, 2020. On this interesting website, you can follow his model/bet and see if we are on track:
https://fnordprefekt.de/
If we are above the red line, or touching it, we are in good shape to reach the $1,000,000 prediction, if we go below, it would mean we are oversold, and therefore a good time to buy the dip. So far we are right on track after the big dip.
Oh boy. McAfee is going to eat his own dick https://fnordprefekt.de/
If we are above the red line, or touching it, we are in good shape to reach the $1,000,000 prediction, if we go below, it would mean we are oversold, and therefore a good time to buy the dip. So far we are right on track after the big dip.
If he only believes the charts and technical analysis,it might not work well for him. 1,000,000$ is fucking hell a lot of money and within 2 and a half years,anything can happen. Wouldn't have cared,had he just told that bitcoin would reach a million dollars but what knocked my socks was that he told he'll eat his own dick. Ew.Btw,will he cut his dick off and eat it or what?
I don't believe on this mathematical modeling by McAfee, as bitcoin is growing every year but along with the growth the market is now highly manipulated and bitcoin may face some more severe downfalls during this year or probably next year this will hinder the rapid growth of bitcoin price and thus it will be difficult to achieve $1,000,000 benchmark at the end of 2020.
John McAfee! I like this guy's business spirit, but what pisses me off about him is his bluffing predictions. Follow and invest in whatever coins or predictions be states at your own risk. He keeps on saying things he isn't so sure of, using his dick as his witness. I believe in bitcoin and the possibility if it reaching $1,000,000 but saying that this will be possible in 2020 is an overestimation.
Am I the only that thinks that if something goes wrong McAfee will do something together with his **team to pump bitcoin so that he can prevent himself to be humiliated and get reputation by giving an accurate prediction?
I think you are.
This isn't one of his paid for shitcoin shills. You'd need several hundred billion dollars to manage that. And there'd be many millions of people delighted to sell straight into his buy walls so he'd have to nip off and obtain a couple of trillion dollars.
Exactly. This is bitcoin we're talking about and i don't think even old mcafee would be able to pump btc to that levels by himself or by his team. That was a very bold statement and i'm not sure there's actual confidence in him when he spewed that out. Hopefully he'll be right though :p
You have to be quite confident or just full of bs to say you will eat your dick if it doesn't happen
Being a realist I don't really see it happening either.
if we go below, it would mean we are oversold, and therefore a good time to buy the dip.
That is assuming we buy in to the idea that bitcoin will reach $1m by the end of 2020. I'm not going to use that as my basis for deciding if bitcoin is under or oversold.
Am I the only that thinks that if something goes wrong McAfee will do something together with his **team to pump bitcoin so that he can prevent himself to be humiliated and get reputation by giving an accurate prediction?
I think you are.
This isn't one of his paid for shitcoin shills. You'd need several hundred billion dollars to manage that. And there'd be many millions of people delighted to sell straight into his buy walls so he'd have to nip off and obtain a couple of trillion dollars.
Exactly. This is bitcoin we're talking about and i don't think even old mcafee would be able to pump btc to that levels by himself or by his team. That was a very bold statement and i'm not sure there's actual confidence in him when he spewed that out. Hopefully he'll be right though :p
I really cannot understand if this man is wise or just crazy. He is actually doing great in his businesses but his speculative suggestions feel like all TOLD FOR JUST ADVERTISEMENT. This is a guess. I really start to think that he loves bitcoin like his son or something.
I think price will eventually reach $100.000 btw. 1.000.000 feels impossibru!
I think price will eventually reach $100.000 btw. 1.000.000 feels impossibru!
McAfee should stop making himself look like a clown -- the more he publicly speaks out, the more credibility he loses. I am already happy if we manage to reach the $50,000 level before then end of 2020, which is somewhat of a conservative estimate, but I realistically can't see the price end up reaching much higher than $100,000 by that time. Seriously, what developments before the end of 2020 will be able to justify a $1,000,000 valuation? I can't think of anything within such a short period of time -- we need a more reliable form of growth, not again empty bull runs that aren't holding their position for long. I strongly hope that if we ever reach the $1,000,000 milestone, it is somewhere between 2025-2030. It takes time to build an economy and ecosystem being worthy of such a valuation. That dude only cares about his investment and ignores the crucial aspects of a market in development....
I agree, but this brings us back to 2015. I believe you would think the same way if someone told you that Bitcoin will reach an all time high of $20,000 by 2017.
Is technical development the only way for Bitcoin to reach extremely high valuations? I also believe FOMO had more to do with it, and it will again in the next one.
Quote
Website to follow McAfee's $1,000,000 model
First reaction was.....yuck...porn!!!!
Hahahaha!
Not that I'm going to pass by a chance to poke fun at McAfee's model, but you do know with Bitcoin's volatility, highs are bound to touch the red line at some point or other. I actually believe that 2020 will be at a much higher price than today, though I wasn't even certain of his first 500k prediction. He did prove to be too conservative at the end of 2017, however, which only proves that his "model" can't really be used.
If I were a bigger pessimist, I'd point out that the pattern so far has far outstripped the allowable extremes.
I think you are.
This isn't one of his paid for shitcoin shills. You'd need several hundred billion dollars to manage that. And there'd be many millions of people delighted to sell straight into his buy walls so he'd have to nip off and obtain a couple of trillion dollars.
As deluded as the guy is, he knows he can't manipulate Bitcoin like he does with the other crap he peddles on Twitter.
If I were a bigger pessimist, I'd point out that the pattern so far has far outstripped the allowable extremes.
Am I the only that thinks that if something goes wrong McAfee will do something together with his **team to pump bitcoin so that he can prevent himself to be humiliated and get reputation by giving an accurate prediction?
I think you are.
This isn't one of his paid for shitcoin shills. You'd need several hundred billion dollars to manage that. And there'd be many millions of people delighted to sell straight into his buy walls so he'd have to nip off and obtain a couple of trillion dollars.
As deluded as the guy is, he knows he can't manipulate Bitcoin like he does with the other crap he peddles on Twitter.
Am I the only that thinks that if something goes wrong McAfee will do something together with his **team to pump bitcoin so that he can prevent himself to be humiliated and get reputation by giving an accurate prediction?
I think you are.
This isn't one of his paid for shitcoin shills. You'd need several hundred billion dollars to manage that. And there'd be many millions of people delighted to sell straight into his buy walls so he'd have to nip off and obtain a couple of trillion dollars.
Quote
Website to follow McAfee's $1,000,000 model
First reaction was.....yuck...porn!!!!
Now seriously, it's a parabolic curve. And it's a rather steep one.
The growth in the last month will be from around 875k to 1 million, more than 125k usd per coin in 30 days.
And, will it stop at that point?
Because in the next 3 months it's going to reach 1.5 millions, and by next year 5.8 millions and by next 34 millions.
This is what McAfee and his followers failed to realize: bitcoin isn't going to grow exponentially in just a span of 3 years. It simply just can't. The stock markets and the bond markets need to crash altogether for the investors to flock at cryptocurrencies, which I think isn't going to happen just yet. Also, the growth of 0.48...% a day is somewhat attainable, though the price can roll back a week's worth of gains in just a single hour if a selloff happened, so there's that. McAfee used to be a solid source of knowledge and investment tips in the crypto world, but from the way he used his popularity, I just can't take the man's words anymore. $1M is attainable, but in ~3 years? I don't think so.
Did anyone clicked the link? I'm not familiar with it and I'm skeptic on clicking it.
Anyway about McAfee's model, I'm not interested to know what type of model he is. He's no longer reliable with what he is saying.
There are other predictors who has sense with what they are saying.
Even without his words, I do believe that bitcoin will reach $1,000,000 soon whether it's on 2020 or longer.
Due to this, I prefer Tim Draper's speculation rather than his.
Anyway about McAfee's model, I'm not interested to know what type of model he is. He's no longer reliable with what he is saying.
There are other predictors who has sense with what they are saying.
Even without his words, I do believe that bitcoin will reach $1,000,000 soon whether it's on 2020 or longer.
Due to this, I prefer Tim Draper's speculation rather than his.
The link is safe, I don't click on bullshit myself and i wouldn't post bullshit. It's a simple website with some graphics.
I also like Tim Draper's prediction, but im going to be paying attention to that website. It's not impossible. Bitcoin grows in massive boom and bursts cycles.
So base on that graph by this year bitcoin's price will be at $29,000.
While next year it's going to be $170,000 and so on. The increase was quite high at 0.48% per day.
-snip-
We don't need Bitcoin to reach all time highs in "popularity" in order to reach all time highs in price. We also don't really need the lightning network to be primed for mainstream use, in order to reach a 100-fold valuation. Do you think that the people that have the most money in this world are popular or have a problem paying 10 bucks for a fee? (and right now is cheap as hell).
I just don't see this fixation with needing to have the average joe involved in order for BTC to reach higher valuations. The infrastructure is already there. Big investors could buy trillions worth of BTC and their money would be safe, what does LN have to do with that?
LN is just a promising technology for the long term which may or not work out, but the digital gold features have been there ready to host heavyweight portfolios for a couple of years now.
It's funny because I only really mentioned the popularity brought about by media frenzy and the lightning network because that's what you were talking about in your post regarding precedents on a 100x increase. All I was saying is that we've had that media frenzy again, but with different results. We're in uncharted territory right now, in short, with no precedents as to how to increase the price a hundred fold within a short period of time.
Why would billionaires want to put their money into Bitcoin if it has no other utility other than storage of value? They're billionaires because they've mastered that art -- real estate, their own companies, etc. There's no need for them to take on unnecessary risks. They're driven more by success rather than money at this point.
What this boils down to is our difference in opinion regarding what Bitcoin should be. It's pretty clear to me that you see it as an investment more than a promising technology. I see it the other way around. And that's fine. Bitcoin's purpose is, in part, for people to be able to do whatever they want with their money.
Edit: words
Am I the only that thinks that if something goes wrong McAfee will do something together with his **team to pump bitcoin so that he can prevent himself to be humiliated and get reputation by giving an accurate prediction?
I think this guy is one of those whales who technically played with bitcoin's price
I believe that he's another whale that is trying to get sentiment from small - average investors. And besides he's well known for his anti-virus so he's getting a lot of attraction to cryptocurrency which is in-line with technology and people believed that he's a technology genius. from what i have seen from this guy, McAfee is the pretty form of the same pump and dump groups that everyone steers clear of. and the more we pay attention to him the more he succeeds in his way of running his pump group and earning money.
wasn't it enough that he admitted he is receiving a lot of money to advertise ICOs?
wasn't it enough that he admitted he is receiving a lot of money to advertise ICOs?
I think this guy is one of those whales who technically played with bitcoin's price, that's we've experienced roller coaster situation nowadays. Even if he admitted receiving money from lots of advertised ICOs, there's no way for us to stop this guy, because he's so fortunate now and had more assets that we are. We should hope that the popularity of bitcoin will rise again so that whales could take over the peak price and the whales again will help the price to pump, because its a great opportunity for the smaller fish to catch their profit.
However, controlling everyone's emotions depends on how they understand the real scenario. If they always remain in chaos while the price started to declined quickly it won't help gain confidence holding for a long time. That's why if you decide of dumping your coins quickly, well certainly you lose it and emotional stress can be your worst enemy if a trader couldn't move on. You might see the price to gain its profitable value after all because eventually it will develop its momentum after the dumping price, yet the reality really proves it since last year's experiences.
Actually we did see 100 fold, back in 2013, with a media frenzy when BTC was approaching $1,000 that fueled that year’s “bubble”. In January of that year, one BTC was trading at around $15, went all the way up to $266 by April, and then crashed back to $50 within just days of reaching the peak. By November it had already reached $1,000, peaking at $1,242 (that is by mt gox prices). That’s an almost 100X increase in 11 months right there, an order of magnitude larger than last years 10-fold run up.
So when there's a new media frenzy and with all the infrastructure ready for big whales to get in, I don't see why not it's possible to do another x100 until Dec. 30 2020. The amount of fiat needed is still a drop in a sea of fiat out there.
So when there's a new media frenzy and with all the infrastructure ready for big whales to get in, I don't see why not it's possible to do another x100 until Dec. 30 2020. The amount of fiat needed is still a drop in a sea of fiat out there.
I don't discount the possibility of 100-fold increase at all because Bitcoin can break pretty much any and all expectations. I think the chance is pretty low though.
We know that coins with low market cap are much more vulnerable to pumps. If we think about it in absolute terms, an increase from $15 to $1000 is only an increase of $985 -- an amount that is likely to be dismissed as normal market fluctuation nowadays. I'm pretty sure the amount of money that had to flow into the market for an increase like that is still nothing compared to, let's say, $7k going to $19k.
Bitcoin was also arguably at its peak popularity last December when it reached its current all-time-high, and even then it couldn't even manage a 3-fold increase. The infrastructure you've cited is also a problem as the Lightning Network still looks far from ready for primetime, and its initial release barely created any buzz at all. 100x is probably possible within the next three years, but it's a long shot.
We don't need Bitcoin to reach all time highs in "popularity" in order to reach all time highs in price. We also don't really need the lightning network to be primed for mainstream use, in order to reach a 100-fold valuation. Do you think that the people that have the most money in this world are popular or have a problem paying 10 bucks for a fee? (and right now is cheap as hell).
I just don't see this fixation with needing to have the average joe involved in order for BTC to reach higher valuations. The infrastructure is already there. Big investors could buy trillions worth of BTC and their money would be safe, what does LN have to do with that?
LN is just a promising technology for the long term which may or not work out, but the digital gold features have been there ready to host heavyweight portfolios for a couple of years now.
So bottom line, let the billionaires invest in the coin, raise the prices to the roof...mission accomplished.
Forget about cheap fees, forget about not having to go through a 3rd party even when you buy a can of soda at the store, forget about sending money to every corner of this world for a small fee.
Do you think they would buy trillions of something it has little to no use in the current world?
Why shouldn't they buy doge or birdcoin or honeymilkcrapcoin to keep their money ? The principle is the same.
One year of 10-20$ fee per tx you can kiss that graph goodbye.
It's not "billionaires" that bitcoin needs, it's adoption.
If you turn it into an investment with no RL day to day usage you can also turn the power off for it has failed.
Actually we did see 100 fold, back in 2013, with a media frenzy when BTC was approaching $1,000 that fueled that year’s “bubble”. In January of that year, one BTC was trading at around $15, went all the way up to $266 by April, and then crashed back to $50 within just days of reaching the peak. By November it had already reached $1,000, peaking at $1,242 (that is by mt gox prices). That’s an almost 100X increase in 11 months right there, an order of magnitude larger than last years 10-fold run up.
So when there's a new media frenzy and with all the infrastructure ready for big whales to get in, I don't see why not it's possible to do another x100 until Dec. 30 2020. The amount of fiat needed is still a drop in a sea of fiat out there.
So when there's a new media frenzy and with all the infrastructure ready for big whales to get in, I don't see why not it's possible to do another x100 until Dec. 30 2020. The amount of fiat needed is still a drop in a sea of fiat out there.
I don't discount the possibility of 100-fold increase at all because Bitcoin can break pretty much any and all expectations. I think the chance is pretty low though.
We know that coins with low market cap are much more vulnerable to pumps. If we think about it in absolute terms, an increase from $15 to $1000 is only an increase of $985 -- an amount that is likely to be dismissed as normal market fluctuation nowadays. I'm pretty sure the amount of money that had to flow into the market for an increase like that is still nothing compared to, let's say, $7k going to $19k.
Bitcoin was also arguably at its peak popularity last December when it reached its current all-time-high, and even then it couldn't even manage a 3-fold increase. The infrastructure you've cited is also a problem as the Lightning Network still looks far from ready for primetime, and its initial release barely created any buzz at all. 100x is probably possible within the next three years, but it's a long shot.
We don't need Bitcoin to reach all time highs in "popularity" in order to reach all time highs in price. We also don't really need the lightning network to be primed for mainstream use, in order to reach a 100-fold valuation. Do you think that the people that have the most money in this world are popular or have a problem paying 10 bucks for a fee? (and right now is cheap as hell).
I just don't see this fixation with needing to have the average joe involved in order for BTC to reach higher valuations. The infrastructure is already there. Big investors could buy trillions worth of BTC and their money would be safe, what does LN have to do with that?
LN is just a promising technology for the long term which may or not work out, but the digital gold features have been there ready to host heavyweight portfolios for a couple of years now.
Actually we did see 100 fold, back in 2013, with a media frenzy when BTC was approaching $1,000 that fueled that year’s “bubble”. In January of that year, one BTC was trading at around $15, went all the way up to $266 by April, and then crashed back to $50 within just days of reaching the peak. By November it had already reached $1,000, peaking at $1,242 (that is by mt gox prices). That’s an almost 100X increase in 11 months right there, an order of magnitude larger than last years 10-fold run up.
So when there's a new media frenzy and with all the infrastructure ready for big whales to get in, I don't see why not it's possible to do another x100 until Dec. 30 2020. The amount of fiat needed is still a drop in a sea of fiat out there.
So when there's a new media frenzy and with all the infrastructure ready for big whales to get in, I don't see why not it's possible to do another x100 until Dec. 30 2020. The amount of fiat needed is still a drop in a sea of fiat out there.
I don't discount the possibility of 100-fold increase at all because Bitcoin can break pretty much any and all expectations. I think the chance is pretty low though.
We know that coins with low market cap are much more vulnerable to pumps. If we think about it in absolute terms, an increase from $15 to $1000 is only an increase of $985 -- an amount that is likely to be dismissed as normal market fluctuation nowadays. I'm pretty sure the amount of money that had to flow into the market for an increase like that is still nothing compared to, let's say, $7k going to $19k.
Bitcoin was also arguably at its peak popularity last December when it reached its current all-time-high, and even then it couldn't even manage a 3-fold increase. The infrastructure you've cited is also a problem as the Lightning Network still looks far from ready for primetime, and its initial release barely created any buzz at all. 100x is probably possible within the next three years, but it's a long shot.
I don't see why not it's possible to do another x100 until Dec. 30 2020. The amount of fiat needed is still a drop in a sea of fiat out there.
Technically, it should be easier. If we take into consideration how people in current days are more willing to hold their coins than ever before, where on top of that we will see coin backed funds dry out this market further, the number of available on-market coins will be at an all time low. Everyone knows that selling coins is almost a guaranteed way to lose out, so people these days mostly refrain from doing that. In other words, we should be able to increase massively in the coming years, the only thing is that we don't know what multiplier that massive increase consists of, but it doesn't really matter; one way or another, we'll very likely be there eventually anyway. Time is everything we need, the rest is just ongoing progress.
McAfee claims that he has made some mathematical models to estimate the price of Bitcoin by $1,000,000 before December 31, 2020. On this interesting website, you can follow his model/bet and see if we are on track:
https://fnordprefekt.de/
If we are above the red line, or touching it, we are in good shape to reach the $1,000,000 prediction, if we go below, it would mean we are oversold, and therefore a good time to buy the dip. So far we are right on track after the big dip.
https://fnordprefekt.de/
If we are above the red line, or touching it, we are in good shape to reach the $1,000,000 prediction, if we go below, it would mean we are oversold, and therefore a good time to buy the dip. So far we are right on track after the big dip.
It's a bold prediction for sure, especially when you are looking from the outside in in a bear market.
As you said, you never know how high bitcoin goes in a bull market. It's not impossible for McAfee's predictions to become reality, although, I'd say safely that the chances of it actually happening is very very low.
We haven't seen bitcoin go 100 fold in 2 years before, and I doubt it's going to happen straight after 2017's pumps have come to an end.
Ultimately, bitcoin will reach $1 million, no doubt. But McAfee's prediction is restricted by time, and I think that he may very well run out of time as inflation isn't really that big of a factor in a timespan like 2 years. And when BTC does hit that kind of figure, fiat would have depreciated by a lot.
Actually we did see 100 fold, back in 2013, with a media frenzy when BTC was approaching $1,000 that fueled that year’s “bubble”. In January of that year, one BTC was trading at around $15, went all the way up to $266 by April, and then crashed back to $50 within just days of reaching the peak. By November it had already reached $1,000, peaking at $1,242 (that is by mt gox prices). That’s an almost 100X increase in 11 months right there, an order of magnitude larger than last years 10-fold run up.
So when there's a new media frenzy and with all the infrastructure ready for big whales to get in, I don't see why not it's possible to do another x100 until Dec. 30 2020. The amount of fiat needed is still a drop in a sea of fiat out there.
McAfee claims that he has made some mathematical models to estimate the price of Bitcoin by $1,000,000 before December 31, 2020. On this interesting website, you can follow his model/bet and see if we are on track:
https://fnordprefekt.de/
If we are above the red line, or touching it, we are in good shape to reach the $1,000,000 prediction, if we go below, it would mean we are oversold, and therefore a good time to buy the dip. So far we are right on track after the big dip.
https://fnordprefekt.de/
If we are above the red line, or touching it, we are in good shape to reach the $1,000,000 prediction, if we go below, it would mean we are oversold, and therefore a good time to buy the dip. So far we are right on track after the big dip.
Hey nice catch.
So right now I can track on daily basis if McAfee will have to eat his dick or not. Wonderful!
But to be honest, I don't really care about the math model behind this prediction.
$1mio in three years would be just insane, we all know that. This is not going to happen.
Or does it count when he, let's say, buys a coin for $1mio on an exchange to avoid having to eat his willy?!
from what i have seen from this guy, McAfee is the pretty form of the same pump and dump groups that everyone steers clear of. and the more we pay attention to him the more he succeeds in his way of running his pump group and earning money.
wasn't it enough that he admitted he is receiving a lot of money to advertise ICOs?
wasn't it enough that he admitted he is receiving a lot of money to advertise ICOs?
Anyway about McAfee's model, I'm not interested to know what type of model he is. He's no longer reliable with what he is saying.
He says he used point-set-topology:
https://twitter.com/officialmcafee/status/887039604846714881
...and that other math systems, which he didn't cite, also predict absurd numbers. I would honestly love McAfee to be right, but I'd probably be equally happy to see him eat his dick on live television (or you know, his excuse for being wrong and backing off), especially now that he's come out as a shill.
McAfee claims that he has made some mathematical models to estimate the price of Bitcoin by $1,000,000 before December 31, 2020. On this interesting website, you can follow his model/bet and see if we are on track:
https://fnordprefekt.de/
If we are above the red line, or touching it, we are in good shape to reach the $1,000,000 prediction, if we go below, it would mean we are oversold, and therefore a good time to buy the dip. So far we are right on track after the big dip.
https://fnordprefekt.de/
If we are above the red line, or touching it, we are in good shape to reach the $1,000,000 prediction, if we go below, it would mean we are oversold, and therefore a good time to buy the dip. So far we are right on track after the big dip.
It's a bold prediction for sure, especially when you are looking from the outside in in a bear market.
As you said, you never know how high bitcoin goes in a bull market. It's not impossible for McAfee's predictions to become reality, although, I'd say safely that the chances of it actually happening is very very low.
We haven't seen bitcoin go 100 fold in 2 years before, and I doubt it's going to happen straight after 2017's pumps have come to an end.
Ultimately, bitcoin will reach $1 million, no doubt. But McAfee's prediction is restricted by time, and I think that he may very well run out of time as inflation isn't really that big of a factor in a timespan like 2 years. And when BTC does hit that kind of figure, fiat would have depreciated by a lot.
McAfee should stop making himself look like a clown -- the more he publicly speaks out, the more credibility he loses. I am already happy if we manage to reach the $50,000 level before then end of 2020, which is somewhat of a conservative estimate, but I realistically can't see the price end up reaching much higher than $100,000 by that time. Seriously, what developments before the end of 2020 will be able to justify a $1,000,000 valuation? I can't think of anything within such a short period of time -- we need a more reliable form of growth, not again empty bull runs that aren't holding their position for long. I strongly hope that if we ever reach the $1,000,000 milestone, it is somewhere between 2025-2030. It takes time to build an economy and ecosystem being worthy of such a valuation. That dude only cares about his investment and ignores the crucial aspects of a market in development....
Bitcoin is perfectly capable of hosting $trillions worth of wealth on the blockchain today. The system will be the same today than tomorrow, than in 10+ years.. that's the whole point of Bitcoin, predictability. The hashrate is strong enough, the software is simple and robust. We don't need any further scaling, it is already a strong store of value. Inflation and global tension could very well put the price to 7 figures faster than we can imagine. Im not saying it will happen, im just posting a model for people to follow. So far, it's working. Even if the price continues dipping, it still could happen, just look at the data.
Did anyone clicked the link? I'm not familiar with it and I'm skeptic on clicking it.
Anyway about McAfee's model, I'm not interested to know what type of model he is. He's no longer reliable with what he is saying.
There are other predictors who has sense with what they are saying.
Even without his words, I do believe that bitcoin will reach $1,000,000 soon whether it's on 2020 or longer.
Due to this, I prefer Tim Draper's speculation rather than his.
Anyway about McAfee's model, I'm not interested to know what type of model he is. He's no longer reliable with what he is saying.
There are other predictors who has sense with what they are saying.
Even without his words, I do believe that bitcoin will reach $1,000,000 soon whether it's on 2020 or longer.
Due to this, I prefer Tim Draper's speculation rather than his.
The link is safe, I don't click on bullshit myself and i wouldn't post bullshit. It's a simple website with some graphics.
I also like Tim Draper's prediction, but im going to be paying attention to that website. It's not impossible. Bitcoin grows in massive boom and bursts cycles.
McAfee claims that he has made some mathematical models to estimate the price of Bitcoin by $1,000,000 before December 31, 2020. On this interesting website, you can follow his model/bet and see if we are on track:
https://fnordprefekt.de/
If we are above the red line, or touching it, we are in good shape to reach the $1,000,000 prediction, if we go below, it would mean we are oversold, and therefore a good time to buy the dip. So far we are right on track after the big dip.
https://fnordprefekt.de/
If we are above the red line, or touching it, we are in good shape to reach the $1,000,000 prediction, if we go below, it would mean we are oversold, and therefore a good time to buy the dip. So far we are right on track after the big dip.
Either he is delusional, or he's merely interested in trying to get as much media coverage as he possibly can before 2020, when he will be proven to be dead wrong.
I do hope that nobody gets misled by this. I too can draw up a random parabolic curve and say that we're currently on track of hitting $10 million per bitcoin by the end of 2020. There is absolutely no analysis that goes into this.
Plus, just thinking about this logically, is bitcoin's demand really going to go essentially 150x within the span of 3 years? I don't think that's happening. Inflation in 3 years is unlikely to go to these levels, yet.
If we are above the red line, or touching it, we are in good shape to reach the $1,000,000 prediction, if we go below, it would mean we are oversold, and therefore a good time to buy the dip. So far we are right on track after the big dip.
People are seriously going to trade based on this?
He's an even better huckster than I first thought if this idea has taken hold. I think he's rather more interested in the attention it got and the money he already got than it bearing any relation to realistic outcomes.
McAfee claims that he has made some mathematical models to estimate the price of Bitcoin by $1,000,000 before December 31, 2020. On this interesting website, you can follow his model/bet and see if we are on track:
https://fnordprefekt.de/
If we are above the red line, or touching it, we are in good shape to reach the $1,000,000 prediction, if we go below, it would mean we are oversold, and therefore a good time to buy the dip. So far we are right on track after the big dip.
https://fnordprefekt.de/
If we are above the red line, or touching it, we are in good shape to reach the $1,000,000 prediction, if we go below, it would mean we are oversold, and therefore a good time to buy the dip. So far we are right on track after the big dip.
As good as a $1 million bitcoin price may sound, it's just not going to happen.
He's assuming that bitcoin is going to exponentially grow in price for 3 years straight. That's absurd to ask. If given more time, and by more time, I mean at least 10-20 years, and adoption rate increases drastically, only then will we have a realistic shot at $1 million.
Ask even any bitcoin bulls. They'll say that parabolic growth like this is ultimately impossible.
Don't forget that McAfee is known for his $100k+ crypto tweets, he's doing all this to increase publicity.
Did anyone clicked the link? I'm not familiar with it and I'm skeptic on clicking it.
Anyway about McAfee's model, I'm not interested to know what type of model he is. He's no longer reliable with what he is saying.
There are other predictors who has sense with what they are saying.
Even without his words, I do believe that bitcoin will reach $1,000,000 soon whether it's on 2020 or longer.
Due to this, I prefer Tim Draper's speculation rather than his.
Anyway about McAfee's model, I'm not interested to know what type of model he is. He's no longer reliable with what he is saying.
There are other predictors who has sense with what they are saying.
Even without his words, I do believe that bitcoin will reach $1,000,000 soon whether it's on 2020 or longer.
Due to this, I prefer Tim Draper's speculation rather than his.
Quote
Website to follow McAfee's $1,000,000 model
First reaction was.....yuck...porn!!!!
Now seriously, it's a parabolic curve. And it's a rather steep one.
The growth in the last month will be from around 875k to 1 million, more than 125k usd per coin in 30 days.
And, will it stop at that point?
Because in the next 3 months it's going to reach 1.5 millions, and by next year 5.8 millions and by next 34 millions.
McAfee should stop making himself look like a clown -- the more he publicly speaks out, the more credibility he loses. I am already happy if we manage to reach the $50,000 level before then end of 2020, which is somewhat of a conservative estimate, but I realistically can't see the price end up reaching much higher than $100,000 by that time. Seriously, what developments before the end of 2020 will be able to justify a $1,000,000 valuation? I can't think of anything within such a short period of time -- we need a more reliable form of growth, not again empty bull runs that aren't holding their position for long. I strongly hope that if we ever reach the $1,000,000 milestone, it is somewhere between 2025-2030. It takes time to build an economy and ecosystem being worthy of such a valuation. That dude only cares about his investment and ignores the crucial aspects of a market in development....
if we go below, it would mean we are oversold, and therefore a good time to buy the dip.
That is assuming we buy in to the idea that bitcoin will reach $1m by the end of 2020. I'm not going to use that as my basis for deciding if bitcoin is under or oversold.
From looking at it in the first glance it looks like we've rebounded and have touched the tip of the prediction curve. Based on the model it looks like Bitcoin needs to grow at a rate of 0.484 % per day which may not be possible considering the current stangating price, but it could be possible that a future sharp rise in price could coverup the current small percentage growth or the dips. The only concern is that the curve being parabolic seems to get too steep at around year 2020 and I guess it looks like a huge difference to attach and to stay on track from there on. This makes me doubt how reliable or proven is this mathematical model. To be honest safer bets would be $50,000 or lower if at all a large estimate is to be made.
Also BTC accelerating much faster than his model, made him to bump up his next prediction, which is also kind of odd considering that it has fallen since then.
Also BTC accelerating much faster than his model, made him to bump up his next prediction, which is also kind of odd considering that it has fallen since then.
McAfee claims that he has made some mathematical models to estimate the price of Bitcoin by $1,000,000 before December 31, 2020. On this interesting website, you can follow his model/bet and see if we are on track:
https://fnordprefekt.de/
If we are above the red line, or touching it, we are in good shape to reach the $1,000,000 prediction, if we go below, it would mean we are oversold, and therefore a good time to buy the dip. So far we are right on track after the big dip.
https://fnordprefekt.de/
If we are above the red line, or touching it, we are in good shape to reach the $1,000,000 prediction, if we go below, it would mean we are oversold, and therefore a good time to buy the dip. So far we are right on track after the big dip.
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