What do people think about Mcafee statement?

[zigglr6]

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?

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[batang_bitcoin]

He's a crypto believer and it may be exaggerated but who really knows if this going to happen. Why not to see it on $500k it woukd be very beneficial to all of us as its going to be another great year and one of our best day ever if it will be reaching that price.

[JanpriX]

McAfee is one of the personality that I admire here in cryptosphere. And I'm one of the people who would like to see BTC hit $500k in the next 3 years. It may sound impossible at first but this could happen if people all over the world start investing to BTC. As we can see right now, the price has a huge boost because of the announcement of BTC future. Imagine this type of events happen in that span of 3 years. $500k should be easily achieved at that time. Just hodl all your BTC and chill out. 

[Mometaskers]

I think he's over optimistic but then we can't say for sure that it will not happen, with all the speculation enticing people to get in. The price for BTC1 rose from around $1150 January this year to $7517 as of writing. It might not go up to $500k in 3 years but maybe it can reach $100k.

[scottykarate]

Well, if it captures just 1% of the FOREX market....it would be a good start.

[ladydark]

That's really a bold statement by Mcafee about bitcoin.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.His words may be irritating to people of wall street.

His statement could be seen very optimistic.But when we now see the bitcoin price surging speed,then it could also be possible to reach such high price since three more years are remaining.

[alekad]

I think it potentially be true, although it's hard to believe. But I think it can come true in case of really great changes in the world's economy. Somesing will happen with dollar, something with all the stock exchanges and with precious metals. The world will be different and the dollat itself will be different in this case.

[Zorbak]

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

[jseverson]

I've seen this claim and he did say he used some topology something method to arrive at that value. He was being conservative with his estimate too. As for what I think about his statement, I think it's just Mcafee being Mcafee. It's overly optimistic.

Not that I would complain if he got it right though. It's just that he owns a lot of coins and Bitcoin's value skyrocketing would benefit him. He has an agenda, basically.

[avikz]

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?

The may be possible or may not be. No one knows for sure. To reach that price point, the bitcoin market cap should be somewhere to close 7.5k billion USD. The current market cap of bitcoin is 110 billion USD. So the current market cap needs to be 7500 billion USD for the bitcoin price to reach $500k mark. I believe, that is not going to happen in three years. This exponential growth will need support from organized financial market as well as form the governments. If we see some economically strong countries legalizing bitcoin, then it can be possible but otherwise not.

I have found a very interesting tool to calculate bitcoin's price based on its market cap. Try it for yourself to know the prediction.

http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html

[scottykarate]

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?

The may be possible or may not be. No one knows for sure. To reach that price point, the bitcoin market cap should be somewhere to close 7.5k billion USD. The current market cap of bitcoin is 110 billion USD. So the current market cap needs to be 7500 billion USD for the bitcoin price to reach $500k mark. I believe, that is not going to happen in three years. This exponential growth will need support from organized financial market as well as form the governments. If we see some economically strong countries legalizing bitcoin, then it can be possible but otherwise not.

I have found a very interesting tool to calculate bitcoin's price based on its market cap. Try it for yourself to know the prediction.

http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html

There aren't too many places where it's illegal. Are you more talking about adaptation? I like that Japan is ahead of the curve, and I hope that other countries catch up soon!

Like I mentioned above, which is just me repeating what other analysts and speculators say, if BTC was involved in just 1% of the currency exchange of $5 trillion per day, you can get into the range of 6 figures per coin pretty easily. However, 95% of that is institutional, so the whole thing with CAME and possibly Goldman Sachs becomes pretty pivotal. Hopefully Bitcoin can prove itself there.
I read something else where if the offshore tax havens were to exchange their cash for Bitcoin, Bitcoin would show similar gains on 1%.

Will it happen, in the next 3 years? I would say that if it proves itself as a solid investment in mainstream futures trading, it could be adopted into ETFs within that time frame. That time would certainly give it time to gain market the cap to reduce volatility if all went well.
 
I'll be curious as to whether these altcoin projects bring in new money as they prove themselves out, or if they rob from BTC. Hopefully they just bring in more $ and can stand on their own independent of the movement of Bitcoin.

Screw what the banks say... they'll always protect their interests and that means trying to permanently damage Bitcoin's rep until they can figure out how to capitalize on it and not lose those fees for ATMs, ACH, wire transfer, etc.

[ahmad21]

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.

[notthematrix]

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

[jjacob]

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.

[thecodebear]

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.

[KeenHero]

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?

[Iranus]

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.

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.

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?

[scottykarate]

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.

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.

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.

[worldofcoins]

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? 

[Sachinist]

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 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 %.

[thecodebear]

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 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.

[Yakamoto]

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.

[PrimeBlackBelt]

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

[100%succes]

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.

[ankit05]

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.

[yugyug]

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.

[Lm2e4]

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.

[perla]

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

[michellee]

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  , 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.

[CoinClarity]

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.

[Spendulus]

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.

[iluvpie60]

I don't think bitcoin will go much higher for awhile after this fork.

There really isn't much incentive for people to buy more of it after the fork short term. What is the thing that will escalate bitcoin into being worth more? More adoption hasn't really happened in many years and that is still slowly chugging along. If anything, the price should go down because the only real thing driving bitcoin price up lately is FOMO(fear of missing out) so a lot of new money is being thrown at it.

That money is going to vanish after this fork because the price will drop as the coins battle eachother for hash power.

[FoxTheHuman]

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?

Why are people always delusional about the bitcoin value can be achieved? Do not get too trusting in bitcoin because no one is sure to tell you that it will last forever.

[aizen10]

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?

to be listen on someone is the attitude of a good person, but to follow on his telling you, its up to you, we all witness the success of this bitcoin, year after years, bitcoin proves it self on to us (bitcoin holders) that this bitcoin will grow more farther than what it is before, so meaning the price of $500k is not possible to reach/hits soon, bitcoin is more better and getting more bigger day by day, so its no doubt that McAfee prediction will soon to be happen.

[sabine80]

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 cant believe this... but in the crypto world is everything possible i thing. like the thought a bitcoin can cost 500k.

[taiwww]

John McAfee, a cyber security expert has made a bold state regarding bitcoin, saying that each bitcoin will be worth $500,000 in three years time. As McAfee knows inside and outside of digital currency tool, his statement compelled many people think about bitcoins.
It will not touch $500 but will hit $100.
It is possible, If the whole world stated using bitcoins in their day to day transactions, but current sudden rise in price is making it difficult. $7000 how a common man afford this currency.
Its decentralised nature and limited supply will make it happen, but it will lose its status as currency & will become only a price Tag.

[jklaw]

I like what he said but he is nuttier than a fruitcake, a true tinfoil hat wearing paranoid bat crap crazy individual.    Notice I never said he was stupid, just crazy.    I hope he is correct, personally I  think projections are a giant waste of time.   Trying to predict and model off other financial instruments just doesnt cut it; he could be off by decades or never.  Like the dollar, bitcoin has no innate value other than what we give it.  You could have something new come along tomorrow and replace cryptocurriencies because people are fickle.   Its only worth what someone else is willing to pay for it and I hope they continue to buy.

[Lagduf]

I actually impressed with his optimism that bitcoin could reach $500,000 in three years, but I also can't resist that infact in the cryptocurrencies world everything can happen, even the bitcoin price could possibly reach above $100,000 overnight, It's kinda make sense regarding his statement.
It also seem that he's proving his statement with some reasons including the math he did. Not going to deny it, it's possible.

[thecodebear]

I don't think bitcoin will go much higher for awhile after this fork.

There really isn't much incentive for people to buy more of it after the fork short term. What is the thing that will escalate bitcoin into being worth more? More adoption hasn't really happened in many years and that is still slowly chugging along. If anything, the price should go down because the only real thing driving bitcoin price up lately is FOMO(fear of missing out) so a lot of new money is being thrown at it.

That money is going to vanish after this fork because the price will drop as the coins battle eachother for hash power.

That's a bizarre opinion. Price has been rising rapidly all year. What does that have to do with the fork? Institutional investors are about to start getting in, which means the money that has been put in so far is gonna look tiny compared to whats coming. Yes absolutely the incentive is FOMO because more and more people are getting that this is a rocketship that is only just taking off, not sure why you think people will just decide they don't want to be on board for the ride.

[IceOleg]

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 just wish more influencers will tell this. The price for BTC grow thanks to people like him and if they will continue to do that - I'll become a dollar millionaire in 3 years - which is ok for me

[pat4cryptoreal]

Since he is one of the respected personality when it comes to bitcoin and cryptocurrency generally, He will not just say for saying sake. It is a good news for bitcoin holders.

[iluvpie60]

I don't think bitcoin will go much higher for awhile after this fork.

There really isn't much incentive for people to buy more of it after the fork short term. What is the thing that will escalate bitcoin into being worth more? More adoption hasn't really happened in many years and that is still slowly chugging along. If anything, the price should go down because the only real thing driving bitcoin price up lately is FOMO(fear of missing out) so a lot of new money is being thrown at it.

That money is going to vanish after this fork because the price will drop as the coins battle eachother for hash power.

That's a bizarre opinion. Price has been rising rapidly all year. What does that have to do with the fork? Institutional investors are about to start getting in, which means the money that has been put in so far is gonna look tiny compared to whats coming. Yes absolutely the incentive is FOMO because more and more people are getting that this is a rocketship that is only just taking off, not sure why you think people will just decide they don't want to be on board for the ride.

Bitcoin went to all time highs and crashed before due to MTGOX and it took a long time to get back to where it is now in terms of price.

 Institutional investors "are about to start getting in" has been said for years, there are more than enough people "in bitcoin" right now.

The price of things don't continually go up for no reason, the forks don't really add anything of value beyond splitting coins at this point. We see how many transactions happen and 1MB and 2MB will handle it and have handled it for years already(at 1MB). So technically, while it may be nice to have segwit reduce size and add in 2MB blocks to handle more transactions, the transactions that are being upgraded for having more capacity are not in the short term. They are to take place for a few years from now.

I wouldn't call it a bizzare opinion, I have already lived through this exact scenario multiple times of "price is rising buy time and hold". Sure the price will go up years from now and be a lot higher... In the short term it shouldn't as the demand isn't that to use Bitcoin for Bitcoin purposes, the demand is high right now because of splitting coins and getting free money from Segwit2x coins, a big difference.

[giveen]

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  , 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.

We are not talking about $50k here it is $500k and that is more than yearly income of many people to reach that price it can take years unless the supply has reached its maximum point. As many said this might just be another publicity stunt to promote his upcoming ico.

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.

I don't think there is anything special in his ico it seems like every other ico which exist or has been funded it might raise more because of the companies reach ans reputation but other than that i couldn't find anything special about it.

[erickkyut]

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?

Why not? It is not impossible to achieve for Bitcoin. In this year, Bitcoin price already rose multiple times and still rising. If this price increase will continue for three years, it is not impossible for Bitcoin price to be that high. Let just hope and pray that it will happen so that each one of us will be very happy.

[buwaytress]

Influence from seats of power only has that much effect when used sparingly. The fewer instances people use to say things, the greater their effect. Guys like McAfee have something to say all the time, often contradicting himself at intervals. He's about to launch his own ICO for his own crypto. Of course he's got to be insanely bullish to help nail down the momentum he needs for success.

@ladydark You're going to get a huge headache with no available treatment if you think the words of CEOs and people with positions of power cannot be left unaddressed. History is littered with a growing pile of statements from presidents and CEOs. Take everything with a grain of salt, enjoy the ride and make your own assumptions, come to your own conclusions.

[thecodebear]

I don't think bitcoin will go much higher for awhile after this fork.

There really isn't much incentive for people to buy more of it after the fork short term. What is the thing that will escalate bitcoin into being worth more? More adoption hasn't really happened in many years and that is still slowly chugging along. If anything, the price should go down because the only real thing driving bitcoin price up lately is FOMO(fear of missing out) so a lot of new money is being thrown at it.

That money is going to vanish after this fork because the price will drop as the coins battle eachother for hash power.

That's a bizarre opinion. Price has been rising rapidly all year. What does that have to do with the fork? Institutional investors are about to start getting in, which means the money that has been put in so far is gonna look tiny compared to whats coming. Yes absolutely the incentive is FOMO because more and more people are getting that this is a rocketship that is only just taking off, not sure why you think people will just decide they don't want to be on board for the ride.

Bitcoin went to all time highs and crashed before due to MTGOX and it took a long time to get back to where it is now in terms of price.

 Institutional investors "are about to start getting in" has been said for years, there are more than enough people "in bitcoin" right now.

The price of things don't continually go up for no reason, the forks don't really add anything of value beyond splitting coins at this point. We see how many transactions happen and 1MB and 2MB will handle it and have handled it for years already(at 1MB). So technically, while it may be nice to have segwit reduce size and add in 2MB blocks to handle more transactions, the transactions that are being upgraded for having more capacity are not in the short term. They are to take place for a few years from now.

I wouldn't call it a bizzare opinion, I have already lived through this exact scenario multiple times of "price is rising buy time and hold". Sure the price will go up years from now and be a lot higher... In the short term it shouldn't as the demand isn't that to use Bitcoin for Bitcoin purposes, the demand is high right now because of splitting coins and getting free money from Segwit2x coins, a big difference.

hmm, where to begin...

Bitcoin went to all time higher before Mt.Gox crash and then took long time to recover...yes. so, whats your point?? That doesn't have anything to do with what is happening now. No idea why you brought that up unless you are predicting the hack of several of the biggest exchanges and the loss of hundreds of millions of dollars is about to occur again. That's quite the prediction hahaha.

Institutional investors...maybe you haven't seen the news about the two largest options exchanges in the world setting up bitcoin futures in the next few months. When I said they are about to start getting in I meant it. They are actually about to start getting in! This ain't talk, it is starting in the next two months with the CME and within a couple months later with the CBOE.

And there are more than enough people in bitcoin already? uhh what?? In 1995 were you saying there are more than enough people using the internet? In 2005 were you saying there are more than enough people using Facebook? Sounds like for some bizarre reason you just don't want anyone else to use bitcoin, that's literally the only way your prediction of a long term downtrend could happen.

Why are you stuck on this idea that bitcoin has only been rising because of the fork?? As I said, it's been going up at a rapid rate all year, only the past couple weeks has been because of the fork, and only partially because of the fork, it's also because CME announced bitcoin futures starting this year. You really don't understand why people are investing in bitcoin? Why are you even on this forum if you don't understand that? Bitcoin's long term rising price has nothing to do with forks.

Not sure why you are talking about block size, we're talking about price rise. You seem to be stuck on the forks. Anyways, its completely off topic but you seem to be suggesting that bitcoin doesn't need scaling? You do realize the blocks had been full for months leading up to segwit right? And since segwit has only a small adoption right now the blocks are still pretty full. More scaling will be desperately needed in the near future. But again, don't know why you even wrote a paragraph about this it is off topic.

Of course you wouldn't call it a bizarre opinion, it's your opinion! But that doesn't mean it isn't. Really, multiple times you've lived through this scenario you predict where the price will fall for years and then finally come back up? Cuz it's only happened once in the history of bitcoin. So I know that's a lie. And that once was because of Mt.Gox. Though you are apparently predicting another Mt.Gox. So your prediction seems to be based on you predicting hacks of the largest exchanges about to occur on the level of Mt.Gox, plus you just not thinking anyone else should be allowed to buy bitcoin.

So your prediction is not based in reality and is just your strange desire to not have anyone else be able to buy bitcoin. Well, you are gonna be quite surprised I guess when lots and lots of new people keep buying bitcoin!

[salihno71]

If you read the second part of the article, you will see that the whole thing was just a publicity stunt to gain the attention on the new McAfee coin (MCF). I will not say it's impossible but it is highly unlikely.

[BartS]

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?

He is just trying to make headlines that is all, even the most enthusiastic person about bitcoin cannot believe that is going to happen, bitcoin is growing very rapidly but it is not growing at a speed that will allow it to reach that price in that time frame, so read the article and be positive about the future of bitcoin but do not deceive yourself thinking that bitcoin has any chance if achieving that price any time soon.

[roddy5]

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?

Bitcoin may really reach that amount but 3 years is a very short period of time for it. Maybe he made his computation based on the 700% increase in this years price. He considered that the coin will have the same increase for the next two years.

[alfs75]

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?

In my own understanding ,mcafee have their own analysis and computation about what happening of bitcoin price 3years from now,and we respect that computation even in a short period of time,but that only there basis,they did not see the whole chart of digital currency,everythings will have changes everyday,because some other circumstances.maybe thats prediction either right or wrong the important is bitcoin is still there moving forward.

[ivrynx]

We are all optimistic when it comes to bitcoins, the value of bitcoin will reah 500k usd, but i think the timespan is too short, if within thr next 3 years the value of bitcoin hits that high, it only means that a lot of countries had already opened their doors to bitcoin, and the world is close in getting rid of fiat, in which i.think it will take a long time for people to accept, since most of the governing bodies are in favor with the old ideology of money, which is it cannot be decentralized. I think we could wait, until millenials or gen x, had taken over the positions of baby boomers today.