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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)
Koadharber
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August 21, 2017, 11:27:52 AM
 #41

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??
Definitely no, If you do see on the speculated amount its somehow impossible to reach out that price range in a matter of 3 years as of now. $500k is too much and its hard to achieve and the marketcap would really be huge if that would happen and i do see its really an unrealistic thing to consider.And im little bit excited on how mccafee would eat his d*ck in front of the public if the price didnt reach on the amount he said. haha
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August 23, 2017, 10:21:05 PM
 #42

Wow no, i dont think it can get that price in only two years, that is impossible.
Bitcoin has been quadruplicated in less than a year, so it has to be more than 1000x to get to that price.
There is not even enought volume to make it happen, so no, it can not.

Nope, it is only 125 times the current price of 4000, anyway getting to that price is impossible, that is not even a prediction that is a wild dream that is not going to happen.
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August 24, 2017, 01:34:44 AM
 #43

500,000 dollars is very high amount and i think it will not happen even you wait few years or for lifetime . Because if that happen for sure the whole world use bitcoin before reach that and thas very impossible . I think the highest price of bitcoin is 20,000 to 30,000 follars . But everything will possible to happen in this world and for sure if you have a lot of bitcoin to make a lot of profit . More bitcoin is better.
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August 24, 2017, 01:49:20 AM
 #44

maybe it possible that bitcoin can reach 500.000$ in 2020, if john macafee got more investors to invest in Bitcoin it maybe, but i think it will never happen in 3 years from now.
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August 24, 2017, 02:41:04 AM
 #45

500,000 dollars is very high amount and i think it will not happen even you wait few years or for lifetime . Because if that happen for sure the whole world use bitcoin before reach that and thas very impossible . I think the highest price of bitcoin is 20,000 to 30,000 follars . But everything will possible to happen in this world and for sure if you have a lot of bitcoin to make a lot of profit . More bitcoin is better.

Maybe he and his billionaire friends are planning on pumping billions of dollars in Bitcoin and make it rise to more than $500,000 per Bitcoin. I believe that will be a better outcome for him than eating his own dick on national television. Cheesy

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August 24, 2017, 10:27:39 AM
 #46

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 appreciate his optimism but i don't think it is going to happen.

Honestly, if would shock everyone, even the biggest bitcoin fans if it happened.

He actually made the prediction when the price of bitcoin was steadily rising on a day to day basis, and i think that's what has mostly influenced him to say such an outrageous thing. Obviously, he did not consider that growth will ultimately slow down. There is nothing on this world that can sustain 10% per day gains, without correcting itself in a major way. I see a major correction happening next year, which will slow us down quite a bit.

So sorry Mr. McAfee.
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August 24, 2017, 10:42:26 AM
 #47

I think 500k is too much is such small time.
We just need more time  Wink

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August 24, 2017, 11:02:14 AM
 #48

2027
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August 24, 2017, 11:07:58 AM
 #49

It's impossible but $ 100rb is reasonable based on Harvard University who calculate bitcoin graph on year 2020 on Feb
Althought nothing is impossible but everyone still have faith on bitcoin for example Japanese and South Korea legalize bitcoin for their transaction need
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August 24, 2017, 12:32:56 PM
 #50

I don't think it will reach 500.000$ in just 2.5 years of time. But I believe it will hit 50k$ tince 2021. And people will actually start to think bitcoin can hit 500k. I am waiting for 2020 sitting on my couch.

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August 24, 2017, 04:36:33 PM
 #51

It would be great and amazing, but to go to $500k in such a short time from now just seems crazy and impossible. But then again, way back in the day, saying Bitcoin to $100 seemed crazy and impossible...  Shocked

Anyway, I would be ecstatic if we even got to just $10k in 2020. $500k, $100k or even just $50k? That would make me explode.
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August 24, 2017, 05:53:18 PM
 #52

McAfee is clearly getting the wrong meds.
In another tweet he added that he is going to eat a part of his genitals live on national television if his prediction is wrong.
How serious can you take such a guy?? Exactly...

Lets simply take one step after the other and have a look how this whole November fork situation will turn out.
After that it will be more clear in what direction we will be moving.
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August 24, 2017, 08:19:58 PM
 #53

$500k in 2020 is absurd and there is zero chance of that happening.
I think there is a decent chance of bitcoin being $500k in the future, maybe in 10 years.

I think $50k is very likely for 2020. But ten times that no way!


People estimate there are on the order of 10 million people with bitcoin now. So if we get over 1 billion people with bitcoin that could put btc in range of $500k. Is bitcoin gonna pass a billion people adoption in 3 years, I don't think so.
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August 25, 2017, 12:30:28 AM
 #54

Being a positive thinker as that, that is too much. It's good to hear someone opinion that high on trusting bitcoin value but that is totally wrong when it will not touch on reality. 2020 is 3 years from now so it will only be just 300000$ below. That is what I believe in.
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August 25, 2017, 12:42:01 AM
 #55

i think its too soon to reach $500,000 in 2020 because we know bitcoin price is too volatile especially for now we have bch that trying to increase like bitcoin. we need to break much higher price before we can reach that price and its need more time before we can go to that price. but i am sure that many people including me that agree if bitcoin price will reach that price.

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August 25, 2017, 04:39:11 AM
 #56

500,000 dollars is very high amount and i think it will not happen even you wait few years or for lifetime . Because if that happen for sure the whole world use bitcoin before reach that and thas very impossible . I think the highest price of bitcoin is 20,000 to 30,000 follars . But everything will possible to happen in this world and for sure if you have a lot of bitcoin to make a lot of profit . More bitcoin is better.

Maybe he and his billionaire friends are planning on pumping billions of dollars in Bitcoin and make it rise to more than $500,000 per Bitcoin. I believe that will be a better outcome for him than eating his own dick on national television. Cheesy
Noone should pump bitcoin with huge amount of money , it will increasing so high anyway.
If you really don't believe on what the master of programmer predicts , then just hold a little bitcoin for at least the next 3 years.
There's no harm and let's see what will happened , mcafee stated that of course with strong reasons.
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August 25, 2017, 11:20:38 PM
 #57

maybe it possible that bitcoin can reach 500.000$ in 2020, if john macafee got more investors to invest in Bitcoin it maybe, but i think it will never happen in 3 years from now.
Nope, it is not a matter of getting more investors is a matter of the whole world economy running through bitcoin and we are not even close of that happening so that price of bitcoin is not going to be seen at the time frame he established.
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August 26, 2017, 02:25:05 AM
 #58

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 think bitcoin can reach $500k, cuz 10 Trillion market cap is a lot! maybe will hit $50k, the only info that i know now is bitcoin will
reach $13k in Feb/Mars 2018  Wink

I agree that $500,000 seems way too high at least for 20 years or so. There will most likely be gains but probably a more gradual increase with some corrections along the way.

There needs to be more adoption by businesses and big investors before the price will really take off. That's going to take years and will be very gradual.
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August 26, 2017, 02:47:24 AM
 #59

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 think bitcoin can reach $500k, cuz 10 Trillion market cap is a lot! maybe will hit $50k, the only info that i know now is bitcoin will
reach $13k in Feb/Mars 2018  Wink

I agree that $500,000 seems way too high at least for 20 years or so. There will most likely be gains but probably a more gradual increase with some corrections along the way.

There needs to be more adoption by businesses and big investors before the price will really take off. That's going to take years and will be very gradual.
$ 500,000 is just a number, it can be achieved in less than 20 years because in the next 5 to 10 years I believe there is a big company that will make bitcoin famous.
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August 26, 2017, 05:49:16 AM
 #60

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 think bitcoin can reach $500k, cuz 10 Trillion market cap is a lot! maybe will hit $50k, the only info that i know now is bitcoin will
reach $13k in Feb/Mars 2018  Wink

I agree that $500,000 seems way too high at least for 20 years or so. There will most likely be gains but probably a more gradual increase with some corrections along the way.

There needs to be more adoption by businesses and big investors before the price will really take off. That's going to take years and will be very gradual.
$ 500,000 is just a number, it can be achieved in less than 20 years because in the next 5 to 10 years I believe there is a big company that will make bitcoin famous.
First of all, bitcoin doesn't need any big companies to make it famous. It is decentralized, and by definition it does not need a central entity to promote nor sustain it for it to survive and thrive. Yes it would be good to have some big companies to back btc but it's not necessary.

Second, $500k is indeed just a number. Fiat is going to inflate in the long run and bitcoin is not inflationary. That means that intrinsically bitcoin is only going to go up in fiat value as time goes on, and mass adoption takes place.

However, John Mcafee seems to think that mass adoption can happen within just 3 years. I don't think this is likely.
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