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Author Topic: Website to follow McAfee's $1,000,000 model  (Read 272 times)
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April 17, 2018, 11:47:38 PM
 #21

Am I the only that thinks that if something goes wrong McAfee will do something together with his **team to pump bitcoin so that he can prevent himself to be humiliated and get reputation by giving an accurate prediction?

I think this guy is one of those whales who technically played with bitcoin's price
I believe that he's another whale that is trying to get sentiment from small - average investors. And besides he's well known for his anti-virus so he's getting a lot of attraction to cryptocurrency which is in-line with technology and people believed that he's a technology genius.

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April 18, 2018, 02:14:01 AM
 #22

-snip-

We don't need Bitcoin to reach all time highs in "popularity" in order to reach all time highs in price. We also don't really need the lightning network to be primed for mainstream use, in order to reach a 100-fold valuation. Do you think that the people that have the most money in this world are popular or have a problem paying 10 bucks for a fee? (and right now is cheap as hell).

I just don't see this fixation with needing to have the average joe involved in order for BTC to reach higher valuations. The infrastructure is already there. Big investors could buy trillions worth of BTC and their money would be safe, what does LN have to do with that?

LN is just a promising technology for the long term which may or not work out, but the digital gold features have been there ready to host heavyweight portfolios for a couple of years now.

It's funny because I only really mentioned the popularity brought about by media frenzy and the lightning network because that's what you were talking about in your post regarding precedents on a 100x increase. All I was saying is that we've had that media frenzy again, but with different results. We're in uncharted territory right now, in short, with no precedents as to how to increase the price a hundred fold within a short period of time.

Why would billionaires want to put their money into Bitcoin if it has no other utility other than storage of value? They're billionaires because they've mastered that art -- real estate, their own companies, etc. There's no need for them to take on unnecessary risks. They're driven more by success rather than money at this point.

What this boils down to is our difference in opinion regarding what Bitcoin should be. It's pretty clear to me that you see it as an investment more than a promising technology. I see it the other way around. And that's fine. Bitcoin's purpose is, in part, for people to be able to do whatever they want with their money.

Edit: words

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April 19, 2018, 07:10:55 PM
 #23

Did anyone clicked the link? I'm not familiar with it and I'm skeptic on clicking it.
Anyway about McAfee's model, I'm not interested to know what type of model he is. He's no longer reliable with what he is saying.
There are other predictors who has sense with what they are saying.
Even without his words, I do believe that bitcoin will reach $1,000,000 soon whether it's on 2020 or longer.
Due to this, I prefer Tim Draper's speculation rather than his.

The link is safe, I don't click on bullshit myself and i wouldn't post bullshit. It's a simple website with some graphics.

I also like Tim Draper's prediction, but im going to be paying attention to that website. It's not impossible. Bitcoin grows in massive boom and bursts cycles.
Alright thanks cellard. I just want to make something sure as I've became a victim of suspicious links before.
So base on that graph by this year bitcoin's price will be at $29,000.
While next year it's going to be $170,000 and so on. The increase was quite high at 0.48% per day.

       
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April 19, 2018, 07:41:09 PM
 #24

Quote
Website to follow McAfee's $1,000,000 model

First reaction was.....yuck...porn!!!!

Now seriously, it's a parabolic curve. And it's a rather steep one.
The growth in the last month will be from around 875k to 1 million, more than 125k usd per coin in 30 days.

And, will it stop at that point?
Because in the next 3 months it's going to reach 1.5 millions, and by next year 5.8 millions and by next 34 millions.

This is what McAfee and his followers failed to realize: bitcoin isn't going to grow exponentially in just a span of 3 years. It simply just can't. The stock markets and the bond markets need to crash altogether for the investors to flock at cryptocurrencies, which I think isn't going to happen just yet. Also, the growth of 0.48...% a day is somewhat attainable, though the price can roll back a week's worth of gains in just a single hour if a selloff happened, so there's that. McAfee used to be a solid source of knowledge and investment tips in the crypto world, but from the way he used his popularity, I just can't take the man's words anymore. $1M is attainable, but in ~3 years? I don't think so.

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April 19, 2018, 07:53:15 PM
 #25

Am I the only that thinks that if something goes wrong McAfee will do something together with his **team to pump bitcoin so that he can prevent himself to be humiliated and get reputation by giving an accurate prediction?

I think you are.

This isn't one of his paid for shitcoin shills. You'd need several hundred billion dollars to manage that. And there'd be many millions of people delighted to sell straight into his buy walls so he'd have to nip off and obtain a couple of trillion dollars.

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April 19, 2018, 08:13:04 PM
 #26

Not that I'm going to pass by a chance to poke fun at McAfee's model, but you do know with Bitcoin's volatility, highs are bound to touch the red line at some point or other. I actually believe that 2020 will be at a much higher price than today, though I wasn't even certain of his first 500k prediction. He did prove to be too conservative at the end of 2017, however, which only proves that his "model" can't really be used.

If I were a bigger pessimist, I'd point out that the pattern so far has far outstripped the allowable extremes.

Am I the only that thinks that if something goes wrong McAfee will do something together with his **team to pump bitcoin so that he can prevent himself to be humiliated and get reputation by giving an accurate prediction?

I think you are.

This isn't one of his paid for shitcoin shills. You'd need several hundred billion dollars to manage that. And there'd be many millions of people delighted to sell straight into his buy walls so he'd have to nip off and obtain a couple of trillion dollars.

As deluded as the guy is, he knows he can't manipulate Bitcoin like he does with the other crap he peddles on Twitter.

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April 20, 2018, 05:46:00 AM
 #27

McAfee should stop making himself look like a clown -- the more he publicly speaks out, the more credibility he loses. I am already happy if we manage to reach the $50,000 level before then end of 2020, which is somewhat of a conservative estimate, but I realistically can't see the price end up reaching much higher than $100,000 by that time. Seriously, what developments before the end of 2020 will be able to justify a $1,000,000 valuation? I can't think of anything within such a short period of time -- we need a more reliable form of growth, not again empty bull runs that aren't holding their position for long. I strongly hope that if we ever reach the $1,000,000 milestone, it is somewhere between 2025-2030. It takes time to build an economy and ecosystem being worthy of such a valuation. That dude only cares about his investment and ignores the crucial aspects of a market in development....

I agree, but this brings us back to 2015. I believe you would think the same way if someone told you that Bitcoin will reach an all time high of $20,000 by 2017.

Is technical development the only way for Bitcoin to reach extremely high valuations? I also believe FOMO had more to do with it, and it will again in the next one.

Quote
Website to follow McAfee's $1,000,000 model

First reaction was.....yuck...porn!!!!


Hahahaha!


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April 20, 2018, 07:19:16 AM
 #28

I really cannot understand if this man is wise or just crazy. He is actually doing great in his businesses but his speculative suggestions feel like all TOLD FOR JUST ADVERTISEMENT. This is a guess. I really start to think that he loves bitcoin like his son or something.
I think price will eventually reach $100.000 btw. 1.000.000 feels impossibru!

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April 20, 2018, 12:12:27 PM
Merited by Wind_FURY (1)
 #29

Am I the only that thinks that if something goes wrong McAfee will do something together with his **team to pump bitcoin so that he can prevent himself to be humiliated and get reputation by giving an accurate prediction?

I think you are.

This isn't one of his paid for shitcoin shills. You'd need several hundred billion dollars to manage that. And there'd be many millions of people delighted to sell straight into his buy walls so he'd have to nip off and obtain a couple of trillion dollars.

Exactly. This is bitcoin we're talking about and i don't think even old mcafee would be able to pump btc to that levels by himself or by his team. That was a very bold statement and i'm not sure there's actual confidence in him when he spewed that out. Hopefully he'll be right though :p

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April 22, 2018, 03:33:55 PM
 #30

if we go below, it would mean we are oversold, and therefore a good time to buy the dip.

That is assuming we buy in to the idea that bitcoin will reach $1m by the end of 2020. I'm not going to use that as my basis for deciding if bitcoin is under or oversold.
Obviously not, I would rather just keep that at the back of my mind to see how things will turn out. The guy already promises to eat his own manhood if this does not happen, so I guess he has some extra one somewhere just in case. I am sure anything can happen; it is not the first time we are going to get to hear things like this from him though, but who would have thought that we would even be testing this price this year at dip and trying to push back up some years back. However, that is more like estimation too much to swallow all at once.


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April 22, 2018, 03:59:52 PM
 #31

Am I the only that thinks that if something goes wrong McAfee will do something together with his **team to pump bitcoin so that he can prevent himself to be humiliated and get reputation by giving an accurate prediction?

I think you are.

This isn't one of his paid for shitcoin shills. You'd need several hundred billion dollars to manage that. And there'd be many millions of people delighted to sell straight into his buy walls so he'd have to nip off and obtain a couple of trillion dollars.

Exactly. This is bitcoin we're talking about and i don't think even old mcafee would be able to pump btc to that levels by himself or by his team. That was a very bold statement and i'm not sure there's actual confidence in him when he spewed that out. Hopefully he'll be right though :p

You have to be quite confident or just full of bs to say you will eat your dick if it doesn't happen Tongue
Being a realist I don't really see it happening either.
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April 22, 2018, 07:44:47 PM
 #32

John McAfee!  I like this guy's business spirit, but what pisses me off about him is his bluffing predictions. Follow and invest in whatever coins or predictions be states at your own risk. He keeps on saying things he isn't so sure of, using his dick as his witness. I believe in bitcoin and the possibility if it reaching $1,000,000  but saying that this will  be possible in 2020 is an overestimation. 
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April 22, 2018, 07:55:03 PM
 #33

I don't believe on this mathematical modeling by McAfee, as bitcoin is growing every year but along with the growth the market is now highly manipulated and bitcoin may face some more severe downfalls during this year or probably next year this will hinder the rapid growth of bitcoin price and thus it will be difficult to achieve $1,000,000 benchmark at the end of 2020.
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April 22, 2018, 10:13:59 PM
 #34

McAfee claims that he has made some mathematical models to estimate the price of Bitcoin by $1,000,000 before December 31, 2020. On this interesting website, you can follow his model/bet and see if we are on track:

https://fnordprefekt.de/

If we are above the red line, or touching it, we are in good shape to reach the $1,000,000 prediction, if we go below, it would mean we are oversold, and therefore a good time to buy the dip. So far we are right on track after the big dip.
Oh boy. McAfee is going to eat his own dick Lips sealed If he only believes the charts and technical analysis,it might not work well for him. 1,000,000$ is fucking hell a lot of money and within 2 and a half years,anything can happen. Wouldn't have cared,had he just told that bitcoin would reach a million dollars but what knocked my socks was that he told he'll eat his own dick. Ew.
Btw,will he cut his dick off and eat it or what? Embarrassed Lips sealed


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April 22, 2018, 10:18:59 PM
 #35

I really cannot understand if this man is wise or just crazy. He is actually doing great in his businesses but his speculative suggestions feel like all TOLD FOR JUST ADVERTISEMENT. This is a guess. I really start to think that he loves bitcoin like his son or something.
I think price will eventually reach $100.000 btw. 1.000.000 feels impossibru!

He's an opportunist nutter. I recall a short while back he didn't even know there'd been two Bitcoin halvings already. As far as I can tell he didn't appear in the crypto scene until the last couple of years. For a computing pioneer he's certainly a late arrival.

Cryptopeople love anyone who carries a whiff of old school legitimacy, even when he has a stronger whiff of a hooker's turd.

Anyway people seem to love it and it makes plenty of noise about Bitcoin so why the hell not?

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April 22, 2018, 11:57:00 PM
 #36

Here we go again ... Isn't he tried of wanting to eat his own dick? Anyone who is following McAfee words are just going to put theirself in a serious mess.  I took the liberty of clicking on that link to probably see what will convince me and guess what nothing did. Those estimations are mere exaggerated.  Let's just bear in mind that cryptocurrency is sometimes unpredictable.
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April 23, 2018, 02:28:42 AM
 #37

I'd just like to point out that his reasoning for this second prediction of a million, raised up from his original prediction of 500k, lacks logic. I consider his original $500k prediction his real prediction. He made this new prediction when Bitcoin hit $10k late last year because he said he had it only at $5k at the end of 2017. There is no logically reason to change the prediction like this. What's he going to keep changing it every time the price significantly diverts from his prediction?! And bitcoin goes in boom-bust cycles, so sometimes it is going to be well above his prediction, that doesn't mean he needs to change the prediction. Bitcoin doesn't grow in a straight logarithmic line in the short term, only its overall long term trend line is roughly that.

So for those reasons it was just stupid and made no sense for him to alter his original prediction. Now you might also say $500k is absurd, but that was his real prediction and I'm more interested in seeing how long it can keep up with the needed growth to get to his original $500k prediction.
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April 23, 2018, 03:38:59 AM
 #38

There is no maths behind his prediction.  At best it could be called exponential growth, it would make more sense if he tried to predict the total crypto market capitalisation.  If he really thinks crypto will take over from conventional markets entirely I guess the hype would be justified some.
Am I the only that thinks that if something goes wrong McAfee will do something together with his **team to pump bitcoin so that he can prevent himself to be humiliated and get reputation by giving an accurate prediction?

I think this guy is one of those whales who technically played with bitcoin's price
I believe that he's another whale that is trying to get sentiment from small - average investors. And besides he's well known for his anti-virus so he's getting a lot of attraction to cryptocurrency which is in-line with technology and people believed that he's a technology genius.

I dont think you can pump bitcoin price at this point, he can hype it up but like you mention most of what he does is for self promotion.   He is really promoting various alt coin and token launches for payment of publicity by those enterprises.    Bitcoin rising shouldnt really be linked how viable each company on another blockchain is but somehow people view them as directly related

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April 23, 2018, 06:52:41 AM
 #39

McAfee claims that he has made some mathematical models to estimate the price of Bitcoin by $1,000,000 before December 31, 2020. On this interesting website, you can follow his model/bet and see if we are on track:

https://fnordprefekt.de/

If we are above the red line, or touching it, we are in good shape to reach the $1,000,000 prediction, if we go below, it would mean we are oversold, and therefore a good time to buy the dip. So far we are right on track after the big dip.
I really hope he still gets to eat his dick if he ends up wrong anyway. However, looking at the chart, it sure looks like a prediction that is possible and if we really do get to see this, it is going to be extremely interesting how the whole market is going to be like.

Like you have mentioned, we are really on track, oversold, and trying to bounce back over the red line. It sounds like impossibility though within this period, but I am open to believe anything as even $10,000 sounded unbelievable few years ago.

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April 23, 2018, 07:16:55 AM
 #40

McAfee claims that he has made some mathematical models to estimate the price of Bitcoin by $1,000,000 before December 31, 2020. On this interesting website, you can follow his model/bet and see if we are on track:

https://fnordprefekt.de/

If we are above the red line, or touching it, we are in good shape to reach the $1,000,000 prediction, if we go below, it would mean we are oversold, and therefore a good time to buy the dip. So far we are right on track after the big dip.
I really hope he still gets to eat his dick if he ends up wrong anyway. However, looking at the chart, it sure looks like a prediction that is possible and if we really do get to see this, it is going to be extremely interesting how the whole market is going to be like.

Like you have mentioned, we are really on track, oversold, and trying to bounce back over the red line. It sounds like impossibility though within this period, but I am open to believe anything as even $10,000 sounded unbelievable few years ago.

He has already said it he is not going to do it even if it doesn't reach that price and I hope that nobody thought he is really going to to. It was just a publicity stunt, and lately the guy has become annoying with those.

Growth from 1$ t 10 000$ is indeed 10000x and we only need 100x to reach 1 million, so only 1/100 of the growth we have experienced in the last 7 years.
But!, of course there is a BUT as stuff doesn't work like that.

This growth would actually require more than 100x the cash invested so far, this excluding the fact that people who have HODL from 1000 might be tempted to sell at 500 000, the supply of coins will also grow a bit, as will the percentage of coins that are actually circulating, unlike Satoshi's coins.

100 000? Yeah. 1mil by 2020? Nope!


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