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Author Topic: Do u agree that Bitcoin will go to 500,000$ in 2020 by john Macafee claim ?  (Read 4452 times)
cashodler
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August 19, 2017, 10:01:41 PM
Last edit: August 19, 2017, 10:12:29 PM by cashodler
 #21

McAfee meant Bitcoin Cash, not current Bitcoin. He later deleted the tweet. He only referred to Bitcoin Cash as to Bitcoin.

The problem is, bitcoin will probably only be a digital gold, that's why the bubble will pop, it won't be used by people, but OMG (OmiseGo) will take over the payment systems.

If u want to make real money, u should invest in OMG.
what is special in omg?

Omise processes around $500M of payments in SEA area every day, they, together with Ethereum founders are building new wallet for FIAT & crypto and payment system with its own blockchain called OmiseGo. Every customer of Omise will use OmiseGo when it's launched (merchants, shopping malls, etc), that means first widely used blockchain technology by people that don't need to know what blockchain is. It will be a decentralized exchange and wallet for every crypto and FIAT. If ethereum had 4000 % run, you can expect even more with OMG. Do your research about this, this is gonna get big. Every crypto personality including major crypto developers is already involved in OMG, but the market will only realize after it booms another 500 %. A lot of people went all in from Bitcoin to OMG because this is huge.

Bitcoin is digital gold, but the real payment system is yet to be developed.


This is the guy who predicted success of Ethereum, now predicts OMG.
https://pbg-assets.s3.amazonaws.com/editorial/pbo/201708/20170817-pbo-monthly.pdf

Anyway, read OmiseGo's reddit, twitter, read their website, get some info.

There is literally nothing with greater potential in Crypto market now. It has potential to rule the crypto world. It will also be proof-of-stake (like Ethereum, Vitalik, the founder of Ethereum is also behind OMG), so if you have enough coins, you will be able to passively earn some good money in the future.
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August 19, 2017, 10:35:29 PM
 #22

I would like too... He has quite the bet going lol.
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August 19, 2017, 11:12:28 PM
 #23

I  think  15 000$ per BTC is pretty possible, but 50 000$ more looks like dreams . Bitcoin will be 50000$ sometime ,but not 2020

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August 20, 2017, 12:14:23 AM
 #24

By 2020, the only realistical price of Bitcoin (1 BTC + 1 BTH) is hitting 10,000$. Very high likelihood in my opinion (75%)
What is Bth? Do you mean BCH?
Why would you connect these two? BCC/BCH is completely separate and independent and its price isn't derived from the price of BTC.

THat said, I believe 500k is possible, although unlikely. I expect maybe $10k by 2019 and maybe (if we're lucky) it will double by 2020.

Yes a typo, I meant BCH. Bitcoin and Bicoin Cash is connected because basically every Bitcoiner has Bitcoin Cash as well, and the distribution is basically the same. One Bitcoin has small blocks and very likely just ends as Digital gold for investments, while the other Bitcoin aims to be more like Cash where more people can use it, thanks to bigger blocks.
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August 20, 2017, 02:29:12 AM
 #25

McAfee meant Bitcoin Cash, not current Bitcoin. He later deleted the tweet. He only referred to Bitcoin Cash as to Bitcoin.

The problem is, bitcoin will probably only be a digital gold, that's why the bubble will pop, it won't be used by people, but OMG (OmiseGo) will take over the payment systems.

If u want to make real money, u should invest in OMG.
what is special in omg?

Omise processes around $500M of payments in SEA area every day, they, together with Ethereum founders are building new wallet for FIAT & crypto and payment system with its own blockchain called OmiseGo. Every customer of Omise will use OmiseGo when it's launched (merchants, shopping malls, etc), that means first widely used blockchain technology by people that don't need to know what blockchain is. It will be a decentralized exchange and wallet for every crypto and FIAT. If ethereum had 4000 % run, you can expect even more with OMG. Do your research about this, this is gonna get big. Every crypto personality including major crypto developers is already involved in OMG, but the market will only realize after it booms another 500 %. A lot of people went all in from Bitcoin to OMG because this is huge.

Bitcoin is digital gold, but the real payment system is yet to be developed.


This is the guy who predicted success of Ethereum, now predicts OMG.
https://pbg-assets.s3.amazonaws.com/editorial/pbo/201708/20170817-pbo-monthly.pdf

Anyway, read OmiseGo's reddit, twitter, read their website, get some info.

There is literally nothing with greater potential in Crypto market now. It has potential to rule the crypto world. It will also be proof-of-stake (like Ethereum, Vitalik, the founder of Ethereum is also behind OMG), so if you have enough coins, you will be able to passively earn some good money in the future.



What is the difference between OMG and WAVES? And between OMG and TENX?
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August 20, 2017, 02:36:17 AM
 #26

It's possible to Bitcoin but not in 2020 it will take some more years to reach that goal. I think in 2020 Bitcoin value will be more than 10k usd sure.
Agree. By buying now, a good target is 5 figures by 2020 or 2021 IMO.
Personally I am fine with keeping bitcoins until 2030, a lot can happen, it could disappear or reach 6 figures. 100,000 by 2030 is what I am aiming for.
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August 20, 2017, 02:50:26 AM
 #27

McAfee meant Bitcoin Cash, not current Bitcoin. He later deleted the tweet. He only referred to Bitcoin Cash as to Bitcoin.

Exactly. Fix the title OP. He doesn't care about bitcoins , he's trying to say that BCH/BCC will be 500k. It very well could be ONLY because he and Roger Ver are the only idiots buying out as many as they can and lots of people are just HODLing so they don't sell the wrong version of bitcoin! If you're educated on bitcoins you know what to do. If you don't then good luck! Just hold both. I thank them for the extra (real) bitcoins I now own.

The prediction from him was 500k for BCC and 2400 for bitcoins. Just an FYI. Kind of a screwed up thread for sig spammers that don't actually understand what's going on.
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August 20, 2017, 03:36:47 AM
 #28

McAfee meant Bitcoin Cash, not current Bitcoin. He later deleted the tweet. He only referred to Bitcoin Cash as to Bitcoin.

Exactly. Fix the title OP. He doesn't care about bitcoins , he's trying to say that BCH/BCC will be 500k. It very well could be ONLY because he and Roger Ver are the only idiots buying out as many as they can and lots of people are just HODLing so they don't sell the wrong version of bitcoin! If you're educated on bitcoins you know what to do. If you don't then good luck! Just hold both. I thank them for the extra (real) bitcoins I now own.

The prediction from him was 500k for BCC and 2400 for bitcoins. Just an FYI. Kind of a screwed up thread for sig spammers that don't actually understand what's going on.

Wrong. He said that before the hard fork to BitcoinCash, so he was clearly talking about Bitcoin. If I am mistaken please post the link where he clearly said that BitcoinCash will be $500,000 and Bitcoin will only be $2400.


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August 20, 2017, 04:41:28 AM
 #29

Very funny ,500000 dollars in 2020 is impossible. It may reach nearly 15000 dollars. But definitely not 500000 dollars. For bitcoin to reach that price it may take nearly 30 to 50 years in my opinion. Its the same for bitcoin cash too. By that time bitcoin and bitcoin cash , both will be popular among all nations of the world.
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August 20, 2017, 04:47:06 AM
 #30

fk off cant up that much but for sure wil bee +10k

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August 20, 2017, 05:24:29 AM
 #31

John macafee tweeted last month that bitcoin will hit 500,000$ in next 2 to 3 years whats your opinion about that? are u seeing this or not??
Upon reading previous post, So it's bcc/bch. Now, that is the most unrealistic price prediction i've ever seen. What makes it more unrealistic is that, it will overtake bitcoin in just 3years from now and that is very high to reach in just 3 years. Even btc can't do it then how come bcc/bch.

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August 20, 2017, 11:21:09 AM
 #32

John macafee tweeted last month that bitcoin will hit 500,000$ in next 2 to 3 years whats your opinion about that? are u seeing this or not??

Yeah, and he said he'd eat his own dick if he fails. It is really as ridiculous as that.

Not sure where he was going with tha prediction. Maybe he held bitcoins and just wanted a short term profit knowing that nobody would force it into doing what he promised since it's going to be ugly af if it does happen.

$500k could be possible if fiat all of a sudden collapsed. That's for sure. But if it holds even just 10% of its value in 4 years time, i doubt it. The price is already over par at 4k, $500k is just unthinkable.
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August 20, 2017, 11:37:18 AM
 #33

If that`s gonna happen a lot of people here is going to be a millionaire, it is safe to say that 10K is reachable in 2 to 3 years if the uptrend continues bitcoin is growing exponentially every months, the possibility of reaching 500k can`t be done in just 2 to 3 years.
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August 20, 2017, 01:28:29 PM
 #34

John macafee tweeted last month that bitcoin will hit 500,000$ in next 2 to 3 years whats your opinion about that? are u seeing this or not??

I don't take this a serious prediction at this moment, he might just getting things a little loss from hard day of work. And make a prediction in a light mode of conversation to make fun of it and I know he feel much exaggeration as he speak or tweet about it.
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August 20, 2017, 02:33:18 PM
 #35

I still do think that the prediction of John Macafee is a bit too high,because i really do not see that happening in three years time,but in the long term anything is possible,for those valuations to be true the price of bitcoin should rise $495,500 more in the next 28 months which is highly unlikely. We could see a realistic price around $20000 other than that it is just a fantasy price. Grin
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August 20, 2017, 04:00:10 PM
 #36

John macafee tweeted last month that bitcoin will hit 500,000$ in next 2 to 3 years whats your opinion about that? are u seeing this or not??
I think that Mcafee is more optimistic to tweet like that.Its really a very high price for bitcoin to reach within three years.Bitcoin price is $4081 today and we could expect bitcoin price to reach $5000 by this year end.In november,some expect another hard fork and we don't know what would happen at that time.So,by 2020,we could expect a price of $20,000.

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August 21, 2017, 04:03:09 AM
 #37

John macafee tweeted last month that bitcoin will hit 500,000$ in next 2 to 3 years whats your opinion about that? are u seeing this or not??
That is not going to happen it is simply too high of a price to be reached that easily almost all the economy will have to move through bitcoin for that to happen and the chances of that happening are zero.
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August 21, 2017, 09:19:33 AM
 #38

I agree or not, it will not change the future price of BTC (at least I hope so).

But 500k is really a lot, it can be achieved with a mainstream adoption to everyone's daily life, and it will not be that quick.

50k though, can be achieved with investors only.
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August 21, 2017, 09:22:15 AM
 #39

I don't think there's enough time for it to happen
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August 21, 2017, 11:03:49 AM
 #40

John macafee tweeted last month that bitcoin will hit 500,000$ in next 2 to 3 years whats your opinion about that? are u seeing this or not??

$500k would be a heck of a rise which i don't think that we will see right now. To achieve that kind of price level, you would have to have more than 100x rise when btc has already risen by 10x this year. It's just too much to demand.

Honestly this is more of a publicity stunt than anything else. You shouldn't believe everything that the media spoonfeeds you.

If somehow mainstream adoption was achieved in the next year, then it's an achievable claim. But otherwise, as i said, probably not going to happen.

Smiley
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