Bitcoin Forum

This news is pretty subjective, as we all know that John McAfee has been drawing a lot of attention lately towards his statement or his predictions towards bitcoin. John is considered as the "world famous bitcoin bull" who also founded a lot of crypto related services in almost all  platform.

Just recently, John's stated that bitcoin will hit $1M probably by the end of next year or early 2021 and his proof was the "Crypto Time traveler". Although it may seem very skeptical (Like the heck who would actually believed that a certain time traveler or a time traveling devices is already existing.) We can't deny tho the fact that "Luka Magnotta" ( A self proclaimed time traveler) have predicted bitcoin price realistically except for the 2021 expected prediction.

as I quote

https://www.reddit.com/r/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/


If you are going to read his post thoroughly, you might be having second thoughts but can still give you a goose bumps if that is really true. One thing is clear for me tho that saving coins might be able to save me from this era which is actually fast approaching.

Your thoughts?

Sources:
https://www.ccn.com/john-mcafee-bitcoin-time-traveler-btc-hit-1-million
https://twitter.com/crypto_rand/status/1133299180041056256?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1133299180041056256&ref_url=https%3A%2F%2Fwww.chepicap.com%2Fen%2Fnews%2F10063%2Fthe-bitcoin-time-traveler-was-right-since-2013-and-predicts-100k-for-2019.html

I respect this man for a good antivirus, but his constant speculation about the price of bitcoin does not inspire confidence, tired of hearing from him new predictions.

That's a very high speculation. All that we can say is the Bitcoin can reach a high price none of us has imagined or not go over 10K at all in 2020.
If I were to predict, Bitcoin would reach around $50K and fall to maintain around $10-$15K.

John will soon be called the "Dick eater" because he made several other predictions before and he made huge promises on certain lewd acts that he would perform if those predictions did not happen. What will he put on the line with the latest prediction?

If time travel was true, would we not see more accurate predictions happening and could we not prevent certain things from happening, like the attack on the Twin towers?

I call BS on this too.  ::)

The exchange rate from New Roubles to old Russian Rouble is 10,000 to one and so there was great reduction in the value of that currency.   This drastic failure happened in the late nineties due to the USSR regime being unable to maintain a changing country.     If a prediction of the $1m is going to happen, it will require a similar kind of change in the world.    Its not that 1 million is impossible but it requires alot more then a fixed vision of the world, so much change is unlikely on such a short time frame.

Believing BTC goes up so much and the world has not otherwise changed is also a foolish hope.   That BTC exists at all and circulates like this is part of a wider global story and development in currency, its not a solo traveller its a part of a series of events and the world must change as BTC travels through its path to greater use and a higher price.    Thats the more detailed nuanced story that must happen, it wont fit into a twitter post and nobody can predict it as its too much for just one vision

This is as short and sweet as anyone can respectfully say about a man like John mcafee. Who among us can say we never heard of his name or his software? Who can even say we never used his antivirus? Good for him and thank you.

But he really should know he hurts Bitcoin more than he helps with his comments and his actions.

I thought he has Mathematical basis except for that basis he's been depending on with the time traveler guy. Let's just say about early 2021 so we still have 2 years to go before seeing this great prediction he made with a bet of eating his tool.

The very basis that we can believe on with this time traveler guy is by this year. He didn't post something about 2018. But he did mentioned that by this year we will see 100k for which I'm actually having doubts to happen because it's too soon to happen for this year.

We in the bitcoin community do welcome people who are very positive about the growth prospect of the coin and we have many respected people already in our midst. Now, in the case of John McAfee, I think that he is becoming too much. He is too much that digesting his views, opinions, predictions and ideas is getting harder for our stomach to tackle. Though, of course, I would not have any problem if his latest prediction can come true...who knows that Crypto Time Traveler can be telling us that truth, right? I am then wondering, is he not that time traveler he is talking about?

Haha,pretty stupid logic.I wonder if bitcoin really follows that pattern,will it reach 1billion USD by 2025.
There's a new bitcoin bull run and this clown(John McAfee) became relevant again. ;D

He wants us to be greedy, he is just riding the situation where bitcoin is bullish.
Thinking that price would go as high as $1 million, it might stop us from selling when our current target will appear, hopefully
we will be smarter this time as some of us already made a big mistake in the past for not selling at the right time.

Does anyone really still listens to McAfee after he shilled Verge(XVG) and a lot of shitcoins in the past?

I really wouldn't put McAfee and "good antivirus" in the same sentence..  How To Uninstall McAfee Antivirus (https://www.youtube.com/watch?v=bKgf5PaBzyg)

Of course, everyone is free to talk about the price of Bitcoin, it's up to him to say $ 1 million, 2 or 3 million this year, it's up to everyone's opinion.
What is clear is that this goes back to each other, Buy or sell.

* What is the percentage%, well invest in Bitcoin.
To achieve this, $ 1 million.

Bitcoin is not just talking, proving to the world, that Bitcoin can be a future investment for your future.

Its easy for bitcoin to go from $0.10 to $1.00 and then to $10, then to $100, then to $1000, then go $10000. However eventually the market cap will have to be enormously huge for it to reach $100,000 or $1,000,000.

Basically it means that if the currently trend is accurate then 100x more users will have to use Bitcoin. Right now there is almost 1 million active BTC addresses, so assume that everybody keeps their BTC in their 1 wallet and not on an exchange.

For it to reach $1,000,000 and stay there we would need 100,000,000 active users for BTC. Given how technologically challenging it is, I don't see that happening in 1.5 years. Maybe in 15 years however if the security factor is taken care of and its more user friendly.

And so the reason why his security firm investigate all those mixers and suddenly shutdown right?

$1M isn't realistic we know that. But it can be worth more than $20k by 2021. You can also imagine how much your altcoins price would be when BTC got that high already. What do you think could be the reason for its price to go $1M?

$1M price of bitcoin in 2020 is impossible, bitcoin is only @8700$  at the moment and it needs to pump +5,000$ everday just to hit $1M by next year.  Mcafee is out of his mind he said it.

seems like mcafee has big stakes in bitcoin, to make outrageous statements like this.
pretty irresponsible and selfish in my opinion, he just wants uninformed people to see his comments and jump on the bandwagon.
i'm all for new people adopting and using crypto, but not like this.

Well most of people will want to have that high price and but i think we are still far away from that and 1 mil$ will be reach maybe after more years, maybe on 2022, but next year i think is possible a new ATH.

I have been a member of this forum ever since 2012. And during this duration, John McAfee had made such outrageous claims multiple times (if you check the old threads, then you'll be able to find some). And none of his past predictions ever got realized. I don't think that we should give any importance to this guy anymore. Why can't we just consider him as a nuisance element and ignore him?

What?  I'll admit I only skimmed the OP here, but that guy (unless there's another dude with the same name) is in prison in Canada for unspeakable crimes.  And I'm sure he doesn't own any bitcoin in the hoosegow. 

Now, let me ask all of you:  do you seriously want bitcoin to be worth $1 million next year?  Think about how insane the price curve would have to be for that to happen.  You would have to be as criminally insane as Luka Magnotta to think that we wouldn't be in a bubble at that point (though you wouldn't get locked up for it).  I don't want that.  I do want BTC to be at $1 million at some point, but not next year. 

I hate these crazy predictions.  They remind me of that stock analyst who called a $400 price on AOL stock back in 1999 or so, which was off the charts for AOL back then....and then AOL actually did hit that price.  After that, history speaks for itself. 

What makes it funnier though is the way he believes on that reddit post, specially from a guy who said that he is a time traveler. ;D

I mean if you are in the right frame of mind, would you honestly believed on that fairy tale? Well if the price hits $1 million then good, but saying that someone predicted it because he travels across time is absurd.

I think he was talking about John Titor, but in his timeline he was called Luka Magnotta. You know, Mandela Effect...

Your logic is totally flawed. Market caps are not linearly correlated with usage or number of users. All it takes is a compelling reason for more people to buy than there are for sale and the price will rise until this situation corrects itself. By the time a bitcoin is approaching $1m, this will surely signal the collapse of the fiat system and holding bitcoin at that point makes more sense. This would be a truly desperate situation for the rich who have ignored bitcoin previously who now see the writing on the wall. Do the math:

-36 million millionaires in the world. 7 billion people.
-After subtracting lost bitcoins and those held by those with no intention of selling them for fiat, I believe there are far fewer than 10m potentially for sale. At any point in time only a fraction of those are on exchanges for sale.

Mcafee is basing his prediction on the ever increasing inflation of fiat due to the out of control debt crisis and the out of control printing of fiat to avoid collapse. I think he's using sound logic but I also think his timing is off, 2020 is too soon - but that's just my opinion, maybe he will end up being right after all.

It sounds funny to hear expecting too much on that value, and I agree it isn't realistic because it was just a mere speculations. The words coming from our mouth has no limitations, just like our dreams in life it takes no boundaries. John McAfee was just making his dreams realistic through the people who would rather believe or listen to him. Well, that's a good motivations instead of thinking all possibilities into negative aspects. Nobody knows where that price of bitcoin will able to reach, so if it's impossible there's nothing wrong to hope for any possible remarks that it will be meet at certain level. But for now, I think we're far from that and maybe it will took more decades before it happens.

$1m is WAAAAAY more likely than the fucktards saying zero, thats for sure.
We'd get there easily if people would drop all these worthless shitcoins and just hold bitcoin, but gamblers gotta gamble...

I hope his predictions come to past and if that will happen it will be a sign that wealth has changed hand and those that we know to be rich today will not be in future but those that has hold their bitcoin and altcoins till then will be the wealthy class.

Agreed. He's applying some variant of Metcalfe's law but he's applying it linearly when the effect is supposed to be exponential. So he's off by orders of magnitude. Metcalfe's law also probably shouldn't be taken literally since it doesn't account for things like speculation.


That's really the key here. Many people are trying to apply some fundamental valuation to Bitcoin, as if it were a company stock. I think that's a terrible approach. Bitcoins are extremely scarce, and supply is going to keep thinning out in the coming years as long term investors continue hoarding. It's a race to accumulate from a very small supply of BTC.

We don't need the masses to push the price to millions USD. Wealthy investors, institutions (and who knows, maybe central banks) can do that on their own. The masses may end up using BTC but they won't ever be able to own much.

The key is to believe it will happen. If you can't do that, you will not be holding any bitcoin by the time it happens, you will only be holding fiat - the value of which is on an impossible to stop path to becoming worthless. The bigger question for me is, will I even want to live in a post economic collapsed world?
This article is about people worried that the price of bitcoin is a strong indication of a future collapse in the value of fiat and the economy. They are right to worry, because this is exactly what's going on.
https://www.ccn.com/bitcoin-price-massive-dystopian-panic-recession-2019

That Reddit post is very silly. Where's the altcoins? Why is a Bitcoin in common usage with 1% issuance per year still "deflationary"? People don't need loans in the brave new world of 2025? And are we meant to believe governments didn't use M-of-N escrow to protect their stashes?

This is even putting aside the more fundamental issue, that if the rebels have the power of traveling time, they can destroy Bitcoin easily, by double-spending and then reverting via blocks from the future. Much easier/cleaner than nuclear submarine plan :)

Well, "zero" is a long way down; even Zimbabwe Dollars are worth a little as novelty gifts.

That said, I think both are pretty unlikely, assuming no big changes to the code. Very hard to secure the network at that pricepoint, without building many many power plants...

McAfee  saw the start of the bull run and predicted we are going to soon see another altcoin shitshow so he is starting to build up towards the day he starts making tons of money from them again. in case you have forgotten last time he did the same things to gain popularity he also started participating in a lot of shitcoin pump and dumps among other things such as advertising scam ICOs and getting paid for it.
he now is trying to refresh that fake popularity to do the same thing and make a ton of money again.

as for $1 million in 2020, it is bullshit because it can only happen if bitcoin gets pumped and we know that bitcoin is not a pump and dump shitcoin like the 2000+ altcoins that get pumped and dumped every day. $1 M will be reached but not this soon.

Initially John said he has a model for predicting his $1 million in 2020.

(https://twitter.com/officialmcafee/status/935900326007328768)

But now he acknowledge that he just go it from some reddit post years ago from some time traveler guy and he actually believed that it will become reality in 2020?  ;D

Here is the graph, for those who want to track it, (https://fnordprefekt.de/). It's really off so I'm pretty sure that as much as we want the price of Bitcoin to hit $1 million in the future, all indications says that it won't. John made a miscalculation and it's to early to say that 2020 will be the year wherein we can see the price goes to that level.

Yes if you followed him on Twitter and were online when he tweeted his pump, you could actually make some gains if you were one of the first few to buy when it was announced.

Obviously the coin was bought before his tweet but he has so many followers that buy anything that he mentions in his tweets, his endorsements usually get lots of attention.

If his blood is to be tested, I am pretty sure they will find the history of cocaine in his body, because only someone high on weed will think bitcoin will get to that price by 2020. We are all lovers of bitcoin and we believe so much in its future more than any other person out there which we also believe that the market is currently a speculative one and that is where it gets its value from.

For that prediction of bitcoin hitting 1m usd by next year? Mcafee must have up to trillions of dollars probably stored somewhere that he is ready to pump into the market or maybe he has a plan to impose the coin on everyone on this earth by next year.

I'll go with nothing is impossible and the larger more serious story is serious problems with dollar and many other FIAT currencies (this weakness is really the only way BTC rises so much imo).   Its unlikely that blows up but the fuse is lit as far as Im concerned, I doubt Mcafee is referencing that larger problem and its not about crypto directly.   McAfee is just a cheerleader, who can blame him if he gets pay for it and its a return on him being one of the first pioneers in software tech I guess but its a distortion and I never hear him say useful info

1 million is more likely then zero, the worst estimates from those who dont value BTC I've read have said it will just trade in the hundreds.   Ive been around long enough that even that represents growth, the system continuing is what people initially dismissed and now I dont see that so much

Well the truth MCafee has always been a very controversial character, especially in his predictions, the truth can say many things, but for my criterion it is meaningless because it does not show a report or a technical analysis of its prediction.

Mcafe I do not know under what arguments his predictions are based, however, it is likely to reach a very high price because there is an induction of many new investors to the market, either from the Stock Market, due to the policies of the SEC, the BAKKT Also, ETFs have not been approved, which somehow attracts new traders.

In this stage of market accumulation there are many price increases in the bitcoin although it is in the accumulation stage, which can eliminate the offer quickly.

I've seen many people with very strange personalities, but John McAfee is on another strange personality level

https://i.imgur.com/ivIxCGo.jpg

THE MCAFEE FREEDOM COIN (https://mcafeefreedomcoin.com/)

Bloomberg: John McAfee Pauses Plan to Out Satoshi Nakomoto’s Identity, Fearing Lawsuit (https://cointelegraph.com/news/bloomberg-john-mcafee-pauses-plan-to-out-satoshi-nakomotos-identity-fearing-lawsuit)

McAfee to Lead 2020 Presidential Campaign ‘in Exile’ After Alleged IRS Indictment (https://cointelegraph.com/news/mcafee-to-lead-2020-presidential-campaign-in-exile-after-alleged-irs-indictment)

by this I mean that we should not take seriously what John McAfee says

Now a time traveler?  :o

Cmon, enough with the McAfee. Let us just stay with the McDonalds.  ;D
This man is getting worst with his mental illness.
Perhaps someone wants to donate something for the guy to be cured. There is so much locked veins in his brain that he cannot think straight anymore.
He is just stating what happened in the past and trying to connect dots. Even a baby can connect dots.  ;D
Get a life and stop listening to him. There is more to do in this world than wasting time with him.

Have you actually done the math on that? Based on hash rate trends, where would you expect the hash rate to be in the case of million dollar BTC?

There's also the renewable energy infrastructure to consider. Solar panels and wind energy continue to get cheaper. And what if Bitcoin ends up taking a big bite out of the gold market? If the gold market shrinks, we'll see lots of energy-intensive mining operations shut down.

People should do the math more often of what happens if BTC were large enough to impact normal finance markets in any way.    Workers in Finance say Bitcoin lacks the infrastructure and contracts required to assure prices overnight to all kinds of operations in financial transactions, if it cannot be held as reliably overnight its then limited in the scope of what it can replace.    Gold is extremely stable market in comparison and I think crypto and gold do not oppose each but likely are both more used in future for different purposes and time periods.

As price changes theres always a kick back effect and greater development in processing chips themselves likely leads to less power needed but also solar power and some other alternatives keep improving in their efficiency.    Theres even some argument which I kinda agree with that Bitcoin is a form of power distribution, normal power production finding resistance over long distances and losing energy in transmission where Bitcoin itself loses nothing in transmission while consuming power at its source of mining.
   There is some confluence between any remote or awkward placement in power production that might happen in hydro, solar, wind and BTC being able to harvest that value and be part of the green power sector developing.   I dont see that mentioned especially but its possible BTC is some positive so long as it stays a reliable resource to a business.

I would like to believe there is some value in these factors that underlies the natural froth to the price and allows Bitcoin to keep defying sceptics.   Development takes time however

Too much by predicting that bitcoin will skyrocket at the price of $ 1,000,000 in 2020, which is a hope for enthusiasm, but that seems unlikely in 2020.

He also said he will eat his own dick if bitcoin doesn't reach 1 million dollars.

Dude is a wack job that is living in some third world country having a girlfriend that is literally underage and dealing drugs and working under "no supervision of any government" to his mindset, yeah he created a great software product of his time (which he sold and has no connection now) so we can safely assume that he knows what is doing when it comes to software protection against hacking and viruses but aside from that all of his personality in crypto is a scam, he is not a decent human at all.

Dude literally came out clean about getting paid by the ICO's to promote them and then when those ICO's made x10 returns for him he sold and the coin eventually died as well.

I am not saying bitcoin won't be 1 million dollars in 2020, we never know, it could be one million or it could be 1 thousand but in the end it doesn't mean McAfee knows what he is talking about.

If he ends up being right, you me and everyone else in the world will be hailing him as a prophet genius. Till then, he's just a whack job.

In my personal opinion about the price of bitcoin will continue to improve in the future, but if the price of $ 1 million is very difficult for 2020 and can also be said It is impossible in such a fast time because 2020 only lasts about 7 months into that year so it is impossible to  bitcoin reaches that price in this fast time

I love the price prediction, but I don't love John McAfee, so I will not believe in him, that's too unrealistic for me.
Bitcoin to hit $1 million by next year, that was a joke, we even have a hard time reaching a new ATH this year.

"Impossible" - such a strong word discussing such a possible subject. And wtf are you talking about with 7 months - we have 19 months from now till the end of 2020.
Let's at least wait till then, give the man his opportunity to be proven right before we send henchmen after him with scissors.

First of all,  it's not really an easy job to to predict what gonna happen in the future.
Moreover who doesn't like the increase in the prices  of the coin BTC?
But we need to understand the factors that increases the price of the coin.
The market cap of the coin need to increase so that the coin will increase.
Nevertheless, let's hope for the best.

Seems like John McAfee and CSW are brothers with the same attention seeker attitude and with both mental problems. He over speculate bitcoin. And if that will gonna happrmen with $1M? I swear, I will praise McAfee with all my heart and kneel down to kick his balls for predicting exagerately about btc's price.  ;D $1M? I will be millionare if that gonna happen and i will buy his mouth, no his whole soul to shut his craziness. Just kidding.

If you will be a millionaire that time then John will be billionaire.  ;D. He is exposed already, he has no basis for predicting his $1m=1 BTC. So I already ignore him when he opens his mouth because he is just a shill. But I guess this whole story won't die down, specially if we gets closer at the end of 2020. And for those rational person in crypto, or at least uses TA to predict the price, they all know that $1m is not or cannot be achieved in 2020, but he is still a whack job.  ;D

But honestly, mcafee was a little bit better than CSW. Mcafee never try to claim anything that created by him but CSW does it just like try to claimed the patent that created satoshi nakamoto.
CSW is an enemy to the crypto while at the same time mcafee was a friendly people in the crypto.
Maybe sometimes he was creating a garbage prediction.  :D

So according to what he said, bitcoin price is very high in the 2020-2021 but still, that is only a prediction, and he doesn't know the truth. We can follow or save his prediction so we can see what will happen in that year. But for me, it's better to enjoy the price now and take as much profit as we can so in the future, we will have much money, and we can also sell bitcoin at the high price if his prediction happens.

You're not far off. Both are looking for bad publicity because for them that's the only way to be interesting enough for people to follow, and bad publicity is still good publicity for these con artists.

It would help if people on social media and news outlets just stopped covering them, because the sooner they stop being relevant, the less incentive there is for them to continue being con artists and jerks at the same time.

McAfee hasn't ever been a favorite character of mine, but I always had some degree of respect for him, but after promoting scam ICOs I lost the last bit of respect and hope he pays for it one day.

John Mcafee and Craig Wright are still better human beings than Warren Buffet. How many people listening to this fucktard back in 2014 missed out on the gains of a lifetime? At least now after he's been proven to be a total moron on the subject of crypto, anyone still listening to his bile only has themselves to blame.

The key here is not hashrate precisely - that depends on technological advances.
Rather, I had in mind marginal costs - electricity - because the difficulty adjustment is in essence an economic peg: the average miner's marginal cost to mine approaches the block reward.

Today, whether clean or dirty energy, the marginal cost to generate electricity is 5-10¢/kWh.

Thus, a hypothetical world of 2021 with 6.25 BTC block rewards, a $1/microBTC pricepoint, and power plant costs on the low end of that scale (if we assume tech there continues to improve), would be using an extra ~750GW of electricity. If we are talking solar farms, then it's solar farms that add up to about the acreage of Switzerland.

Not impossible, but still dizzying to imagine as a physical implication of a price change.

Buffet is owner of multiple active industries, thats an easy argument in his favour because he is seen as refining industry and enabling the most efficient use of capital to create more jobs.    People see Bitcoin as negative because it counts as imaginary to them and destructive for diverting interest from real investment or real bonds.     It could be seen as opposite to buying your nations government bonds which at times has been seen as patriotic and the most solid form of saving.


Mcafee only setup one major company that wasnt unique so far as I know so theres not a great achievement in his work except as a pioneer which is fair enough.   I dont think that makes him right now, he never mentions any technical points.


Buffet also discounts gold as a useless endeavour.   Again gold has outperformed his management for twenty years in gains, I can understand why he says the idea of gold is not helpful to society but he is also wrong on gold being useless.  It has a purpose in its neutrality and stability outside politics and many modern forms of trade, Buffet on the other hand never speaks against the large amounts of debt.   The debt also favours his operations I think, a loose monetary policy help his cash roll and he can stay ahead of the losses that occur from inflation.   For this reason I'd agree with the criticism of him on this point, excessive debt will lead to failure

Buffet's 88, his opinion won't matter at all soon because corpses don't have much to say.

Right bro , there is no need to worry or speculate about the future but much better if we can only foccus on today situation as this is more important and this  is the reality .  Bitcoins value is now higher and we must now enjoy this oppurtunity by selling some of our assets so that we can earn an income  . Meanwhile ,  i dont believe the predictions of mcafee because 1m usd is too much and btc value didnt even reach at least half of that 

All crypto community do knows on what he do tell about on this kind of deal.Im pretty sure that he would definitely able to eat his dick
yet $1M price seems very impossible on a short period of time or wont really able to hit that price up.2020 is approaching and its even hard to see
bitcoins price breaking its 2017 ath.

A big joke from a real joker, its pretty obvious that he is just seeking for the attention.
Bitcoin is good but that price is also so good to be true, $1M for bitcoin in less than a year is impossible and very unreal. I just want to hold my bitcoin until it make a good run again, believe it or not John McAfee is just a human and he can't be sure about this over prediction.

I think there is nothing wrong if we all speculate, including Mc Afe is also predicting the price of bitcoin because the influence of increasingly high demand and the more difficult to get bitcoin from mining is not easy to get bitcoin. so it makes sense if the 2020 hagra bitcoin can be very expensive.

For those who did not know his reputation in crypto might believe, he can attract the new investors as he is popular in the business world.
People should be smarter now and not just believe right away as even the influential people can hype bitcoin at an unrealistic price.

those who aren't familiar with cryptocurrencies and as a result McAfee's reputation then they are also more familiar with the FUD that dozens of others are feeding them so one random guy telling them something in opposition of what they have been hearing is not going to change that much.
others who have been around and know who McAfee is and how he is abusing this nonsense to earn money are already ignoring him anyways.

It's been stated here - https://steemit.com/cryptocurrency/@hiroyamagishi/the-mcafee-effect
The "coin of the day" thing is what I still remember in the past and it would move the price, that was a big pump and dump in the past.
He influence people with his coin of the day, too much attention is given to him by the people, but that action also ruined his reputation .

I was curious what the tracker (https://bircoin.top/) was saying at the moment where John stands but he is 86.25% off. 

The reality is that bitcoin WILL hit 1 million dollars one day. As long as it exists and as long as we still use it there is no possible scenario where bitcoin doesn't reach one million dollars. It may take 5 years or 10 years or 50 years but eventually it will happen.

The inflation already makes dollar worth a lot less than it used to be so comparing even a carton of milk 50 years ago and today they are totally different prices. This is also an investment product people put money in which means it will also gain momentum itself and we will have a 1 million dollar per bitcoin price eventually in our history, maybe even before we die but when very old. So, I do understand what John is saying but he is VERY WRONG on 2020 prediction part of it.

Shouldn't he of eaten his own pen15? He said it was gonna be 100k last year  :D

He is a fool who should not be listened to.

https://www.amsinger.org/sample-analysis (https://www.amsinger.org/sample-analysis)

Understanding financial fundamentals and risk is the only way to go.

John McAfee is a very good entertainer ! Most of his predictions are nothing but a pure joke. He is a famous guy because of his antivirus service but he is being a dishonest man since 2018! I am not his follower and I have zero percent trust on his prediction. Personally, I think BTC at 1M USD is impossible.

true dat

In a normal world, a $1m bitcoin is impossible, as is a $20k, an $8k or a $1k bitcoin. It's utility isn't what gives it value, it's the surreal dysfunction of the fiat based economies surrounding it that gives it value. When your eyes are truly opened to the unbelievable fucking economic nightmare that surrounds us, $1m bitcoin isn't impossible at all.

If you were aware of the true nature and mechanics of bitcoin, you would be unlikely to say that. 20k won't be here for a while at least until after the next halving. Look at the fundamentals and tell me that $1m bitcoin is possible "soon".

https://www.amsinger.org/sample-analysis (https://www.amsinger.org/sample-analysis)

Only clients get up to date information. Of course you can keep investing with emotions and feelings and ignore things like cash flow analysis and asset amounts. Bitcoin is no different than any other financial asset man. Sometimes it is good to buy, sometimes it is good to sell.

Aaron

Where did you get the impression I thought it would come soon? what I said was that it's not impossible. Within 10 years, not next year like Mcafee said. I do expect him to lose all credibility when his prediction doesn't happen and refuses to eat his dick.

He said it was supposed to be $100k by end of 2018. He was already supposed to eat his <===8   :D

I watched a documentary on him that divulged his paying Belize teenage girls to shit in his mouth. Given that, maybe he will actually honor his bet if/when he loses. He is one sick dude.

It's only a prediction and no one can tell if bitcoin will be hit that amount of price maybe in the future nut not so near. It's his opinion and all can predict the price but no is totally can be sure about what will be the real pri e in the future.

He didn't specify when in 2020 that it will hit $1m so if it gets close around 31 Dec 2020 then he will get a lot of respect for his outrageous prediction. He should really have kept it at 500k for a more realistic target

500k is more realistic  lol   the only real chance of accuracy for this is from dollar devaluation as this person below says its quite inevitable at the moment but not at a pace that would make even 500k a realistic proposition.    There would have to be a complete collapse and default by US treasury on debt owed leading to dollar to lose confidence in any backing.


https://i.imgur.com/YDev6Cb.jpg
This picture is a good example, the history being in 1929 someone lost their fortune on stock declines.   However he isnt selling the car as cheaply as we think, $100 at this time was near to 5 ounces of gold.   
If we use the open market price now it would be 5x $1,300 or $6,500 which is still a good price for a fine car back then I'm sure.     At that time gold had no market price beyond official government fix to dollar and so every dollar was backed by gold, now we are reverse to that and yet people value the dollar which has no proper backing.

That unknown backing to dollar which can vary from substantial demands by government to pay taxes and so create demand, into the opposite of giant supply and no demand.   Ultimately the government has no use for its own dollars, only issuing them to others.   Without backing from those who take dollars as payment there is nothing to fix dollar to any value.   In this scenario even a wild prediction of 500k or a million for the price of BTC or anything outside or global use could be correct.   Its not likely an event to occur within ten years but anything is possible


https://www.thebalance.com/what-is-the-history-of-the-gold-standard-3306136

After all of his predictions, i guess he's a great troll in the crypto world trying to make people believe about of his prediction with swearing. lol
I wonder if he would really gonna eat his own dick since he does tell it on national television.

How many times would this man to stop swearing and giving a nonsensical prediction?

$1m btc is coming a hell of a lot faster than most of you guys think. The bitcoin price moves way faster compared to the normal asset rises we have to compare it to. And it ain't stopping for shit, it's fueled by the coming collapse of fiat - that's some powerful nuclear shit.

you're right about fiat currency collapse, but on what timeline i am really not sure. 10-15 years ago i was sure the collapse was imminent. now i've learned the powers that be are quite brilliant at sustaining faith in the system.

i don't think we need faith in fiat money to shatter to drive bitcoin to the moon. it's monetary properties and extreme scarcity alone can manage that. it's an unpopular opinion but i think $1 million is entirely possible in the next bubble.

a very interesting letter from the future, BTC will destroy governments and crime will not be controlled, so we are obliged to replace BTC with a legitimate BSV!

https://www.reddit.com/r/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/

John McAfee can only attract the newbies with such statements. Those who are old in this field should know by know that statements by John McAfee have no meanings and mostly these statements are give to get the fame or to manipulate the market in opposite direction.

of course if you think US dollar is going to lose something like 80% of its current value then yeah it is obvious that bitcoin can reach 1 million US dollar in a very short time, possibly even in a couple of months.
but the speculators who throw $1 million, specially McAfee saying in 2020 do not have that assumption. they say with current US dollar value, bitcoin will be $1 million in such a short time which is nonsense.

Actually, he said the dollar would collapse and lose its value, so that one million would not be what one million is right now. He said that on a interview in YouTube, I dont have the link here.

It's not what I think, it's what I know. Research the US debt and quantitative easing, look at charts over time and then study the possible solutions. When you conclude that no solution exists, and that the problem will only get worse, and that this is not a sustainable situation, you will understand my pov.
Mcafee may be weird, but he understands the situation with a clarity that many don't, and I think his prediction is a genuine one. I do think his time frame is too optimistic. They will be able to continue this charade longer than another year or 2, but the house of cards will eventually fall.

Ongoing liabilities for USA and actually many other western governments far exceeds their ability to pay for them.   The figure I've heard for this on US debt is 120 trillion in total liabilities, the only likely outcome is that the value of the debt currently owed and also the value of the money is greatly devalued.
This only reflects what has already happened previously also, its not a wild prediction even if unpleasant.   Its not more apparent right now as Japan and Europe are doing their best to equally devalue their currencies and so not lose the consumer marketplace of USA.    This does not help long term capitalist outlook, it undermines growth with what is effectively bad debt.   The most recent and obvious example is the Greek debt but this failure could apply to maybe a dozen 'rich' or least 1st world countries, ie. they are broke or at best insolvent.

McAfee is clearly wrong because he gave a fixed date.   For all I know this failed debt scenario could take 50 years, imo it will occur under 20 years and 10 is still sensible but I doubt its very fast as there is great political support and consensus for the modern meta of deficit spending

We don't need to see actual collapse in fiat to see a $1m bitcoin, keep this in mind. Just the threat of collapse can produce enough demand to send the price to that level. I think the bitcoin price itself is an excellent measure for how bad things are - when it crosses $100k there will be a lot of panic in the air.

We dont need it but what we want is not what we get, a real economy is a natural phenomena not a dictated scenario but an ongoing negotiation process between nations, economies and industry efficiencies.   We would see a great change away from FIAT if BTC rose to this price in such a short period of time.    Just on balance we cannot have a giant growth in one area isolated from everything else, it would make little sense for this to occur.  

I always think of a sea-saw and how a rise in one side sees a decline in the other.    Yes there can be genuine growth and expansion of trade, new innovation and efficiency gains.   All that can occur but ultimately for this scale of change we are talking about replacement, the old system failed Bretton Woods (https://i.imgur.com/t1RjQpS.png) into the new and the most obvious argument is overly political currency that is being debased to serve the interests of one country develops into a global currency not bound to politics.
  This would raise efficiency, reduce loses to bad QE programs and other ideas that distort prices, favouring trade encouraging greater revenue and justify a rise in BTC pricing

1 million is most improbable because its not the only new idea.   There are new countries with new currencies backed by genuine trade and capital reserves not just political debt.   There is a variety of 'new' to replace the old not just BTC.  
  $1m is a fantasy formed by looking down a telescope at the world ignoring every other possibility, only a lack of imagination could lead to this conclusion because there are so many different alternatives to the Global Currency Reserve System and it wont only be BTC that sees some gains.   All will compete and gain in varying amounts, I really doubt any other outcome




I think 1m is possible just like I think WW3 is possible, massive failure should never be considered impossible because that invites the scenario to prove otherwise.     Every economy thats ever existed had the natural inclination to destroy itself, thats the nature of the world.   Every forest has some tendency to burn itself to the ground and start over, natural process (if the protocol continues to be secure) is BTC can go to $1m because its very possible Dollar suffers a melt down.

I dont think any of us should wish for such an event or believe it would be a positive, I really dont think it would.   I'd prefer to go with the option where BTC continues to grow every year and genuinely provides utility to the world more then the speculative ticket to apparent riches, one million dollar notes fluttering in the wind is worthless of course.
  Watch the footage of streets of Venezuela or Zimbabwe if you dont believe me, it can happen to any of us as humans we are all equal in our capacity for greatness and terrible mistakes.

That makes more sense, since it is going to be impossible for bitcoin to be worth 1 million dollars and buy what that money buys right now, the problem is that prediction leaves the door open for bitcoin to crash in value as well, after all even if bitcoin could be worth 1 million dollars after the dollar collapses it will be for nothing if you can only buy a candy bar with your bitcoin, however if that is what McAfee is expecting to happen then his prediction is still impossible since I do not see the dollar collapsing so fast.

It's not bad to predict but I think his predictions is crazy to think that bitcoin will be hit that kind of amount in short period of time. Maybe in next few years we reach that price but not now. It takes time for everything so we don't need to be hurry.

Although it is true that anything can happen with Harag on the market, bitcoin can also change prices suddenly, but the prediction is too high I am not sure because there are many who predict that bitcoin will not fall again but in fact the bitcoi slumped  some time ago, I did not believe fully with the current prediction

it's not just his prediction that it's unimaginable madness, like everything John McAfee does is a big joke to the crypto world, see what he created:

https://mcafeemagic.com

Is a big joke for the crypto world. And now he has decided to block whoever criticizes him:


Source: https://twitter.com/officialmcafee/status/1139208415501307910

Are you trolling or are you McAfee?
Even if the price move faster than the most other assets, 1m is not a viable target.
I hope you are right, but personally I don't believe that we are going to hit such a target.

Being bullish towards bitcoin isn't bad but if you do it on exaggerated or unrealistic way then you would really sound too dumb on most people.
These kind of prediction is crazy and talking back that he do make such views when btc tends to hit up that ATH of 20k and now telling for 1M/btc on 2020?
Its impossible no matter what angle you are trying to see.Someone's gonna eat his d*ck  :D

Thats not how economies work, not the successful ones anyway and a good discussion is a trade of ideas with some gain for both parties.   I really doubt theres any great insights coming from someone who must block those who disagree.   If they spam or obstructive rubbish then sure, a plain argument to disagree is practically proven if you must block it to proceed on.
     A proper economy is always where destructive elements occurs, where greed is a given and many other negative factors.    If Bitcoin relies on purely positive thoughts its a false system, I really dont believe its a ponzi scheme or anything similar but no defence of any part of crypto should rely on removing those who disagree from the conversation

The prediction is hard to believe but are we saying it is impossible? I don't think it is impossible because if bitcoin can move in the percentage rate that it moves in 2017, I think $1,000,000 will be achieved before the end of 2020.  It might not happen but that do not mean it is impossible. I do believe that bitcoin is going to gain a lot of momentum as we move closer to it halving and that is the point many bull speculator are looking. I will say it might not goes down much but gaining more from now.

$1m target and beyond is inevitable, the opposite of impossible. And it won't be at the expense of a worthless dollar, 1 bitcoin will have approximately today's buying power of $1m and beyond.
The only question is will you still be holding any?

We all know that the price of bitcoin will keep growing, the technology is so good that we know it is inevitable the price will grow, the issue is how fast that will happen, if someone gave that prediction but it gave 30 or 40 years for bitcoin to reach that price then I could think such a prediction has a chance of becoming true, but reaching a price of one million dollars in just 18 months will require bitcoin to grow more than 100x and that kind of growth is impossible to me especially if the dollar maintains its purchasing power.

I dont see it as inevitable and the reason Bitcoin is so doubted is from the open source it has.    The majority of commentators think the network can be duplicated because of that and it contains nothing unique, which would take away a large amount of the force driving the price from demand vs supply.
We've seen forks attempted which is as close as a duplicate as is possible I think and its failed mostly to draw custom away from the main branch.

Even after that I still dont see a higher price as inevitable, only when there is genuine need and vast utility offered from involvement in Bitcoin then we see the widescale demand vs the limited millions of BTC available.   We need far higher population for greater price growth to occur is my reckoning.   A large part of price movement now relys on weakness deliberately placed on conventional currency in order to allow liquidity and support to outstanding debt in the trillions.  If any default situation or alteration to that easy policy occurs I wonder how Bitcoin or any cutting edge development might suffer from harder monetary standards levied globally

How many people in the real world have you met who hold any bitcoin? I've met exactly zero people, and I've asked hundreds about it over the years. Not too long ago it was hard to find someone who even heard of it, but even today try to find someone who has any.  Think about it. The % of people today who even hold .00000001 btc is TINY.
As far as the stupid fucking argument that bitcoin can easily be replicated, the masses don't put their money into stupid shit they never heard of before. Branding is everything, the infrustructure head start bitcoin has built is untouchable. Shitcoins come and go, nobody gaf about them in the long term - especially the masses.
You turds just keep telling yourself why bitcoin can't hit $1m, and sure as fuck you won't be holding any when it does.

after all we've seen in this market over the years, i'm always amazed at how many old timers continue to talk themselves out of hodling.

it's like "fool me once, shame on you, fool me twice, shame on me." if you lived through the 2013-15 cycle and talked yourself into perpetual skepticism about bitcoin and missed the bottom, that's understandable. but if you then lived through 2017-19 and still don't see the writing on the wall? that's your own damn fault! these people are destined to be poor! :P

We are witnessing the greatest invention since the printing press, most just don't know it yet.

Theres a difference from invention and development and usage.   Just being an inventor sadly is not always a path to riches because you have to part be of the industry which gains from it.   Im not sure having 1 BTC token is a path to riches people imagine it will be, its usually about the cycle of money not the plain asset.  Wider industry believes BTC is a demonstration not the final form of this technology.    Even if blockchain is essential in 20 years it might not be giving BTC holders any part of that.

Its worth looking at famous inventions and the eventual most profitable iteration of that technology.   Definitely that could apply when BTC isnt copyrighted.    I have zero belief in things like XRP but I do think there will be some part of industry which does the most to serve the most people, they are the ones who get the vast majority of profit from bringing crypto to the pockets of even people who have no ability to comprehend it.
     There still is no remote control equivalent for BTC, it really has to be so easy people can have it without thinking in order to propagate I think or at least thats my view maybe some think its already easy enough.   This $1m target isnt coming with zero advance from here, the world requires more then price

that's the same thing nocoiners have been saying for years now: "blockchain not bitcoin"! maybe so, but this projection is becoming less and less likely everyday. very little meaningful progress has been made in applications of blockchain technology beyond bitcoin's use cases. meanwhile, bitcoin continues to strongly dominate the market and shows no sign of an asset bubble collapse a decade later.

even if there are breakthroughs in other blockchain or distributed ledger technologies, i'm becoming increasingly skeptical of the idea that another cryptocurrency will replace bitcoin for its monetary attributes.

people didn't adopt gold because it's what industry wanted. they adopted it because of universal faith in gold as money, developed over time. that's the course that bitcoin may be on. i wouldn't dismiss it so easily if i were you.

Im still excited on this prediction that was announce by john mcafee were half way till 2020 and theres no huge movement on the price of btc. But who knows maybe a time traveller tells mcafee that bitcoin will hit $1m by 2020.

A teeny tiny % of the world's pop holds/uses any amount of bitcoin today. As adoption rates rise (and they are steadily rising since 2009 so why would this trend stop?) the price will rise. This will not be a linear rise, it will be an exponential rise. Why? because a huge amount of coins have either been lost or are being held by whales that aren't selling for fiat - ever. This is simple economics, you don't need an economics degree to understand that $1m/btc is not impossible, it is inevitable if bitcoin has long term success. It's either going to do it or totally fail, there isn't any in between with it due to the ever decreasing amount of new coins made and the steady increase of adoption. Satoshi said it himself - bitcoin will either be worth a hell of a lot in the future of nothing.