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Author Topic: John McAfee: Bitcoin will go above 500k $ in 3 years  (Read 4847 times)
Juggy777
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July 19, 2017, 03:57:39 AM
 #41



Seriously you believe it and then even post it, such posts are to be ignored at the onset, think logically 500k, how in the world would it be even be possible. Even if you assume some major news comes then also it's not at all possible to achieve it. I am sure he was smoking some high quality weed or meth who knows, as it's looking with August 1st event neutralized we can see 3.5k by the year end logically. But again it depends on many factors.

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July 19, 2017, 04:12:52 AM
 #42


$500,000 in three years, that is by far the biggest bitcoin price prediction anyone has made, maybe the boldest since he put a bet on his prediction and surely the craziest since it is backed by the faith in Jihan Grin

https://twitter.com/officialmcafee/status/887031720557654016

Quote
I am with Jihan. he is my friend and the smartest man I know. the money will follow him.

Jihan != Johan. Jihan = China. They finance US to buy cheap China goods by buying US Treasury bonds. They force people to earn very little. BUT, they don't like dollar printing, it dilutes they future world domination. They would like to lend the US in GOLD. Something the US can't print. And then relax and the rest of the world works for China. The GOLD = digital currencies. They also know world won't accept CNY as replacement. So they want to control all mayor crypto currencies. Here's who controls who:

Bitcoin (and ALL SHA256) -> Mainbit = China
Litecoin (and ALL Scrypt) -> Mainbit = China
Ethereum (and all Ethash)-> Russia (with switch to PoStake even more)
Dash (and ALL X11) -> Mainbit
That sums up about 90% of the crypto market.

Why do you think Korea and Japan are also racing for adoption? See how those governments act. If you have ever been to China, you know how controlled banking is. Do you think some Jihan = Jihan would be able to question banks and regulators there? He is doing his job, but this will never be stated such.

The USA is not seeing the big picture here. It needs to react soon or it will be too late.

You heard this here first!

Bitcoin: China

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July 19, 2017, 04:21:01 AM
 #43

$50,000 isn't even on my mind within three years and this silly prediction comes out. Well, we are all entitled to our own opinions and one man's opinion (even if he is well-known or not) shouldn't really send waves of disruption on the overall climate in the bitcoin environment. I am more interested in the short term and the coming weeks and how the price plays out after that.


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July 19, 2017, 04:29:25 AM
 #44


lol $500k in 3 years? that's 200x of the current price as of now. is he dreaming or something? even after 10 years bitcoin doesn't get up to that price if you think logically, that is really impossible. just look at the movement and stability of bitcoins.

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July 19, 2017, 05:06:55 AM
 #45

Is there enough fiat currency to make Bitcoin become half a million dollars each? Also people say it is impossible to happen but IF, say IF the U.S dollar crashes and hyper inflates, then half a million USD might easily be worth 1 Bitcoin. It's all relative to how much the fiat currency is worth. 500K USD might only be worth k USD in today's value of the dollar crashes.

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July 19, 2017, 05:13:42 AM
 #46


lol $500k in 3 years? that's 200x of the current price as of now. is he dreaming or something? even after 10 years bitcoin doesn't get up to that price if you think logically, that is really impossible. just look at the movement and stability of bitcoins.

He is trolling. M2 is $60 trillion. Yeah, 25% of all money in the world will be bitcoins in 3 years. You'll see WW4 before that happens, if we are still here on this planet.

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July 19, 2017, 05:17:00 AM
 #47

Is there enough fiat currency to make Bitcoin become half a million dollars each? Also people say ti is impossible to happen but IF, say IF the U.S dollar crashes and hyper inflates, then half a million USD might easily be worth 1 Bitcoin. It's all relative to how much the fiat currency is worth. 500K USD might only be worth k USD in today's value of the dollar crashes.

You don't need that much fiat money. People can earn Bitcoins directly just like you earn in USD or CNY for work. No need to convert. The ONLY way for it to be $500K is through a complete collapse of the US into hyper inflation like if it was Venezuela or WW3. Nonsense.

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July 19, 2017, 05:18:49 AM
 #48

If he said something like 5 years, it would make "a bit of" sense but 3 years for half a million... is a longshot.

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July 19, 2017, 05:32:25 AM
 #49

Going above 500k $ in 3 years seems so hard to happen , regarding the history of the Bitcoin's price, but it is not impossible, because expecting exactly the future of this market is really so hard.
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July 19, 2017, 05:51:56 AM
 #50

Going above 500k $ in 3 years seems so hard to happen , regarding the history of the Bitcoin's price, but it is not impossible, because expecting exactly the future of this market is really so hard.

Yes.. it will be very difficult. That would mean that the market cap of Bitcoin will be almost twice that of the gold. Or that can also mean that some 3% to 4% of the entire global wealth will be concentrated in the form of Bitcoin. Very hard to imagine such a scenario.

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July 19, 2017, 05:54:52 AM
 #51

Ohh dude, I just calculate my profit if it is true, and the results I never dreamed of that.  Grin It seems like I have to dream higher again. No one can guess what will happen to the cryptoss in the next 3 years, of course we all expect the same that is a significant increase each time. And there's nothing wrong with arguing how high the price will jump, even if that opinion still makes no sense, but we'll wait for the results. Enjoy the process.
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July 19, 2017, 05:57:49 AM
 #52



Seriously you believe it and then even post it, such posts are to be ignored at the onset, think logically 500k, how in the world would it be even be possible. Even if you assume some major news comes then also it's not at all possible to achieve it. I am sure he was smoking some high quality weed or meth who knows, as it's looking with August 1st event neutralized we can see 3.5k by the year end logically. But again it depends on many factors.

maybe you are right but i would never be skeptical of any price for bitcoin ever in my life. because simply when price was low around $10 everyone were saying the same as you when someone predicted $1000
then 2-3 years ago when price was dropping down from GOX ATH down to $200-$180 people were saying the same thing as you when someone predicted recovery and $3000

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July 19, 2017, 10:36:52 AM
 #53

But 1000$ or 3000$ or 5000$ is a price that is possible with just some millions people putting some money into Bitcoin.

For 500000$ you'd need everyone putting money into it. Billions of users.

And that would certainly wreak havoc economically.

It's better we have the havoc first, then people turn to Bitcoin.

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July 19, 2017, 10:41:10 AM
 #54

He is trolling. M2 is $60 trillion. Yeah, 25% of all money in the world will be bitcoins in 3 years. You'll see WW4 before that happens, if we are still here on this planet.

Market cap, baby. It means nothing. Bitcoin's price is set by a few thousand coins on exchanges. If sellers go on strike it could be there tomorrow.

Gold is similar. Do you really think people could extract $9 trillion in real money from the gold market? Of course not.

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July 19, 2017, 12:35:27 PM
 #55

500k per Bitcoin is by all means nuts.
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July 19, 2017, 02:45:19 PM
 #56


$500,000 in just 3 years seems unrealistic. If he's right, I'm going to be rich along with a bunch of other people. I doubt the price gets above $10,000 in 3 years, but I could be wrong.
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July 19, 2017, 02:50:11 PM
 #57

But 1000$ or 3000$ or 5000$ is a price that is possible with just some millions people putting some money into Bitcoin.

For 500000$ you'd need everyone putting money into it. Billions of users.

And that would certainly wreak havoc economically.

It's better we have the havoc first, then people turn to Bitcoin.

The vast majority of the world population have less than $1,000 in their bank accounts. If you consider the loan liability as well, then you can say that most of them have a negative cash inflow.

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July 19, 2017, 03:06:12 PM
 #58

If you want the hundreds of millions that could afford it to put thousands each in BTC, then you also need those billions without such money to be into BTC, even if it's with only 10$.

Even Apple has understood this and started selling cheaper phones.

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July 19, 2017, 03:07:26 PM
 #59


Well who knows the future right? Future is not certain but it's not bad to dream about the $500,000 in just 3 years. Smiley But for me, $1000 to $2000 is more possible than that as the time pass by. And it will be better if you look for the stability of the bitcoins and how it moves Cheesy

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July 19, 2017, 03:34:22 PM
 #60


$500,000 in just 3 years seems unrealistic. If he's right, I'm going to be rich along with a bunch of other people. I doubt the price gets above $10,000 in 3 years, but I could be wrong.
if he can force this price up to that level many of us will be a millionaire by that time but its really hard to believed that the price can go that far
10k$ would be much realistic after 3 years or up to 100k$ if possible to really support to that level but 500k$ would be a dream that everybody
wants to see.

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