What do people think about Mcafee statement? - page 2.

Spendulus

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Quote from: zigglr6 on November 05, 2017, 12:57:42 PM

McAfee said Bitcoin will be $500k within 3 years: https://www.cryptocoinsnews.com/john-mcafee-claims-bitcoin-will-worth-500000-three-years/

Do you think he's worth listening to?

Absolutely. If you want to understand bitcoin you must listen to McAfee.

But listen to his opinions on how to implement a security plan so you don't get hacked and lose your crypto currency.

Otherwise it's meaningless how high it will go, because you won't have any.

CoinClarity

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Nope. He is absolutely not worth listening to. In case you forgot, he fled to Belize to avoid prosecution by the United States and so he could marry a 16 year-old. He's 72 years old himself, BTW.

michellee

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Quote from: perla on November 05, 2017, 10:52:08 PM

Quote from: Lm2e4 on November 05, 2017, 10:45:28 PM

Quote from: notthematrix on November 05, 2017, 04:15:54 PM

Maybe he is saying that because he has his own ICO?

I agree, I think he is just also promoting his ICO. 3 years is still not enough for bitcoin to reach $ 500K. Really so impossible!, maybe he is just making crazy sounds also to let people hear about his own ICO.

even $500k is impossible maybe because of it can make bitcoin price rise too Grin

, more people that believe in crypto ( even he only want to promote his ico ) it is good for the price

it is possible to see the price is increase until $500k but we need more years to see its really happen and I think it will happen after many of forks again. maybe we can see the price is reach $500k in more than 5 years from now but we can expecting that the price will be happen soon. now people is getting involve in crypto currency especially in bitcoin and they can see that there is a big opportunity to be around in bitcoin world and they invest their money to make a lot of profit in future.

perla

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Quote from: Lm2e4 on November 05, 2017, 10:45:28 PM

Quote from: notthematrix on November 05, 2017, 04:15:54 PM

Maybe he is saying that because he has his own ICO?

I agree, I think he is just also promoting his ICO. 3 years is still not enough for bitcoin to reach $ 500K. Really so impossible!, maybe he is just making crazy sounds also to let people hear about his own ICO.

even $500k is impossible maybe because of it can make bitcoin price rise too Grin

, more people that believe in crypto ( even he only want to promote his ico ) it is good for the price

Lm2e4

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Quote from: notthematrix on November 05, 2017, 04:15:54 PM

Maybe he is saying that because he has his own ICO?

I agree, I think he is just also promoting his ICO. 3 years is still not enough for bitcoin to reach $ 500K. Really so impossible!, maybe he is just making crazy sounds also to let people hear about his own ICO.

yugyug

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it is too exaggerated about McAffee's statement that it will reach to 500k usd per bitcoin in 3 years time, the answer lies on the supply and demand, its network support, the miners' support and its transcation speed, but the issue of the oldest bitcoin problem could not be resolve then i think tht it couldn't reach that high, maybe antoher rival coins would attempt to replace bitcoin on the top spot but i guess it's fork is not the contender.

ankit05

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I'm one of the people who would like see BTC hit $500k in the next in the 3 year. The current market cap of bitcoin is 110 billion USD. I would have only laughed at it. So it is possible that such uber - bullish predictions do come ture.

100%succes

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Quote from: zigglr6 on November 05, 2017, 12:57:42 PM

McAfee said Bitcoin will be $500k within 3 years: https://www.cryptocoinsnews.com/john-mcafee-claims-bitcoin-will-worth-500000-three-years/

Do you think he's worth listening to?

could happen if everyone starts investing in bitcoin all information is to be heard, we are free to believe it or not, it all depends on each person.

PrimeBlackBelt

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Honestly, not within the next 3 but maybe the next five. Mcadee exagurates, but this might be true.

Yakamoto

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Quote from: zigglr6 on November 05, 2017, 12:57:42 PM

McAfee said Bitcoin will be $500k within 3 years: https://www.cryptocoinsnews.com/john-mcafee-claims-bitcoin-will-worth-500000-three-years/

Do you think he's worth listening to?

I still think that he is grossly exaggerating Bitcoin but I do respect the man's opinions and choices. I will never say he is a bad person, I'll never say anyone is a bad person, some opinions and actions incline for them to be such a way in my view. McAfee has faith in cryptos, but I think it is somewhat misplaced. There doesn't seem to be enough enthusiasm and money to turn Bitcoin into $500k per piece, but you never know when it may all get turned around. I sure as hell have no idea what Bitcoin is going to look like in 3 years.

thecodebear

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Quote from: Sachinist on November 05, 2017, 08:54:56 PM

It's well within the realms of possibility. I keep saying this to everyone but people keep making the same mistake.

Bitcoin has octupled(multiplied its value by Cool

within a year. If that happens again by this time next year, we're talking 50k+ and then 400k the following year. Forget what the value is in fiat, look at the %.

Yeah Bitcoin is up 7.6x so far this year, and with 8 weeks left! But in all likelihood the percentage gains will slow down each year from here on out as the price grows and it gets harder to move it up by the same percentage.

Personally I think a tripling up to $25k-30k will happen next year. But depending on how quickly and how hard institutional investors start coming into bitcoin next year, it is possible we could see $50k next year if they really strongly invest. If you take the growth just since May when it really started booming, and apply it until the end of 2018 it'd peak at $90k at that point. So who knows! But I'm expecting a slowdown and to "only" hit $25k or $30k next year.

Sachinist

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It's well within the realms of possibility. I keep saying this to everyone but people keep making the same mistake.

Bitcoin has octupled(multiplied its value by Cool

within a year. If that happens again by this time next year, we're talking 50k+ and then 400k the following year. Forget what the value is in fiat, look at the %.

worldofcoins

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Quote from: zigglr6 on November 05, 2017, 12:57:42 PM

McAfee said Bitcoin will be $500k within 3 years: https://www.cryptocoinsnews.com/john-mcafee-claims-bitcoin-will-worth-500000-three-years/

Do you think he's worth listening to?

Nice job finding a 3 month old article newbie. but anyway, he might be right. people will buy and keep buying, more gold fever, will create more gold fever. It has been happening for a while. The question is when it gets to 1 million is everyone gonna dump?

scottykarate

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Quote from: Iranus on November 05, 2017, 04:45:34 PM

Quote from: jseverson on November 05, 2017, 02:47:07 PM

some topology something method

This is what technical analysis does to people. It makes them believe all sorts of crazy things about the long-term based on arbitrary patterns that they observe when they look at a chart. Then when they mention how they came at their ridiculous value, people who are less knowledgeable in the subject sometimes get caught up in believing that it's reasonable.

Quote from: JanpriX on November 05, 2017, 01:09:28 PM

McAfee is one of the personality that I admire here in cryptosphere.

If you admire McAfee's personality, I suspect you've never heard of him before. He's an utter moron.

Quote from: ladydark on November 05, 2017, 01:34:00 PM

We are continuously hearing people like jamie dimon and other CEOs of financial firms just terming bitcoin as a bubble,fraud.

He is a well known person and now a CEO of MGT capital investments.His words could not be just left unaddressed.

Right, so if someone rich says something bearish their opinions are irrelevant, but if they say something bullish then they're relevant?

Jamie Dimon's opinion is that of fear and ignorance. Do you hear anyone that stands to be financially damaged by Bitcoin....Dimon, Buffet, etc., say anything positive about Bitcoin? No. Why? Because it is a threat to the way things are currently done and big banks. Period.

Iranus

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Quote from: jseverson on November 05, 2017, 02:47:07 PM

some topology something method

This is what technical analysis does to people. It makes them believe all sorts of crazy things about the long-term based on arbitrary patterns that they observe when they look at a chart. Then when they mention how they came at their ridiculous value, people who are less knowledgeable in the subject sometimes get caught up in believing that it's reasonable.

Quote from: JanpriX on November 05, 2017, 01:09:28 PM

McAfee is one of the personality that I admire here in cryptosphere.

If you admire McAfee's personality, I suspect you've never heard of him before. He's an utter moron.

Quote from: ladydark on November 05, 2017, 01:34:00 PM

We are continuously hearing people like jamie dimon and other CEOs of financial firms just terming bitcoin as a bubble,fraud.

He is a well known person and now a CEO of MGT capital investments.His words could not be just left unaddressed.

Right, so if someone rich says something bearish their opinions are irrelevant, but if they say something bullish then they're relevant?

KeenHero

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Quote from: zigglr6 on November 05, 2017, 12:57:42 PM

McAfee said Bitcoin will be $500k within 3 years: https://www.cryptocoinsnews.com/john-mcafee-claims-bitcoin-will-worth-500000-three-years/

Do you think he's worth listening to?

when u hold millions of bitcoin woldnt you say the same?

thecodebear

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I think peak bitcoin price could possibly be in the $500k - $1 million range. But it's not gonna happen in 3 years. Though in 3 years I expect Bitcoin to be considered mainstream (institutional investors have mostly all hopped on board with at least a small percentage invested in bitcoin, more countries recognize it as a legal currency, Amazon accepts Bitcoin) at the very least as an investment, if not quite yet as a payment platform. Though it will still have a ways to grow at that point, I think it could be over $100k by then.

jjacob

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This is certainly a bold statement, but at the bottom of my heart there is hope that this could happen. If people had told me a year ago that we would see Bitcoin scaling $7500, I would have only laughed at it. So, it is possible that such uber-bullish predictions do come true.

notthematrix

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Maybe he is saying that because he has his own ICO?

ahmad21

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Quote from: Zorbak on November 05, 2017, 01:46:51 PM

Quote from: zigglr6 on November 05, 2017, 12:57:42 PM

McAfee said Bitcoin will be $500k within 3 years: https://www.cryptocoinsnews.com/john-mcafee-claims-bitcoin-will-worth-500000-three-years/

Do you think he's worth listening to?

it is quite possible, reasons behind his arguments are solid, I would say maybe it is a bit too much optimist but who knows... anyway it does not sounds crazy to me what he says

It might be possible but only if bitcoin crosses all the hurdles which it might face in its way to become such a valuable asset. If with 100 billion dollar market cap we could reach 7000$ we want a market cap of may be a trillion dollars. Its surely too optimistic.

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