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Author Topic: John McAfee Reiterates That Bitcoin with get to $1 million MINIMUM by 2020  (Read 204 times)
Cacingkemi
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May 14, 2018, 12:26:48 PM
 #21

I'm sure he's a bit crazy by saying that 1M $ is a tremendous value and can not be counted on my fingers,I thought BTC would achieve a high score in 2020 with a value of 100K and that's really high in my opinion.

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May 14, 2018, 02:20:39 PM
 #22

I think very few people actually take him as serious investor advisor, but many speculators probably take his shilling into account, because they expect that some noobs will react to it, turning it into self-fulfilling prophesy. But his Bitcoin predictions are absolutely useless, because his influence only covers altcoin/shitcoin markets. And all these recent predictions seem to be based on last years performance, two years ago no one was telling that it will go to such high amount by 2020.

That's the sad/perplexing/crazy truth bout guys like McAfee, isn't it? No one takes him seriously, but his influence on mainstream and social media has grown to such extents that even his shilling has become some form of predictable market factor, at least for the extreme short term. Not so for Bitcoin any longer though, as you say. His past several BTC shills have gone by unnoticed.

I suppose it isn't very different from alt projects that succeed temporarily from the sheer weight of expectation and hype from so-called crypto personalities...

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May 14, 2018, 02:48:42 PM
 #23

Why all the hate? By 2020, we'll either be rich, or we get to see some arrogant asshat eat his own dick on television. It's win-win as far as I'm concerned. I would really rather take the money, but I'm sure seeing McAfee humiliating himself (either by eating his dick, or the more likely scenario, his words) would be pretty entertaining too.

But yeah, he has lost all his credibility after he came out as a paid shill. Who even takes him seriously anymore? Lol.

What people usually forget to add, and he does too, is that his prediction is based on Bitcoin radically devaluing the USD by 2020. It had better get its skates on because the USD looks pretty steady from here.

Did he say that? All I saw was that his prediction is based on point-set-topology (and other mathematical systems or so he says) or something.

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May 14, 2018, 02:55:31 PM
 #24

Every now and then we have some video or some article about this that price will be 100k or more this time its 1M. Think this is absolutely out of the question. Its good to be with that price but let be real who will for example want to buy bitcoin at this price, we average people wont be able to so this remains only for whales and companies. Think we could see maybe 30-40k for that year but to see price with "seven" digits its unreal.
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May 14, 2018, 03:19:31 PM
 #25

He will eat himself in front of the national tv if bitcoin did not hit that price prediction, what a bold statement originally his bet was $500,000 per bitcoin then retaliates himself to bet again for another level of price which is at least a minimum of $1M mind setting of the hype for the next two years, I bet if that price did not strike he will just forget his promises for the bet.

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May 14, 2018, 06:20:54 PM
 #26

Why all the hate? By 2020, we'll either be rich, or we get to see some arrogant asshat eat his own dick on television. It's win-win as far as I'm concerned. I would really rather take the money, but I'm sure seeing McAfee humiliating himself (either by eating his dick, or the more likely scenario, his words) would be pretty entertaining too.

But yeah, he has lost all his credibility after he came out as a paid shill. Who even takes him seriously anymore? Lol.

What people usually forget to add, and he does too, is that his prediction is based on Bitcoin radically devaluing the USD by 2020. It had better get its skates on because the USD looks pretty steady from here.

Did he say that? All I saw was that his prediction is based on point-set-topology (and other mathematical systems or so he says) or something.

Can we stop this bullshit? He isn't going to eat anything, let alone on national TV. Why would a national TV broadcast such a gruesome act? that's just retarded.

He will do nothing, will just crack a joke about it and move on or postpone the deadline a couple years down the lane, that's all. Not even McAfee is stupid enough to do that.

And as far as the prediction goes, we are actually on track to get to $1,000,000 by 2020, you can follow the required price here:

https://bircoin.top/

So we are only 8% below, if we can get another ATH this summer and correct above that line we can actually do it, if we take a longer break we may not make it but we'll get to buy cheap BTC anyway.

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May 14, 2018, 10:58:16 PM
 #27

We all know that McAfee took a bet that Bitcoin would be $1m by 2020
He has once again said on record that he stands by this claim but this time he goes even further and says he believes it will be a MINIMUM of $1million
Here is the short video interview for those who might want to check it out.
Anyone can have their opinion and speculation about the price, there is no way that the price of bitcoin will reach a million dollars in a couple of years, he does not have any idea what he is talking about, even if the rally to a million starts now it will take longer than two years to get to that valuation, the only way he could win this bet is he is putting a buy order for one bitcoin at one millions. Tongue


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May 15, 2018, 03:58:35 AM
 #28

We all know that McAfee took a bet that Bitcoin would be $1m by 2020
He has once again said on record that he stands by this claim but this time he goes even further and says he believes it will be a MINIMUM of $1million
Here is the short video interview for those who might want to check it out.
Anyone can have their opinion and speculation about the price, there is no way that the price of bitcoin will reach a million dollars in a couple of years, he does not have any idea what he is talking about, even if the rally to a million starts now it will take longer than two years to get to that valuation, the only way he could win this bet is he is putting a buy order for one bitcoin at one millions. Tongue

when it comes to bitcoin and its price rise the only thing you can be sure about is that it will rise in long term, nothing else. it may reach $20k in 2 years or it may reach $10 million in 2 years, that part is what you can not predict. for example last year when price was still $900 if you asked anyone what the price is going to be by the end of the year they would have said something around $2000 not $20000 and if someone predicted $20k you would have given the same answer to them: "it will take much longer to get there" but it got there and now we are 4x higher than that normal prediction!

as for McAfee, he is mainly predicting the price to gain more attention from public. he may not even believe it himself but he is making a calculated guess and by doing that he is earning a lot of money. how? he gains the popularity then sells his tweets. IIRC it was $100k for one tweet or something like that. he also pump and dumped a couple of shitcoins.

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May 15, 2018, 05:06:27 AM
 #29

His prediction is not accurate just like what happened last year, for me, it is clear that he encourages people to invest more in bitcoin so that the movement price of bitcoin will increase more and holders will sell including him.

Yes, he is what we call a influencer. Its very clear that his prediction is not back up by any TA, but just blurted it out because he has a investment and wanted the price to go to the moon so that he can immediately profited from it. So he try to stay very bullish to encourage his followers to invest. So its a win-win situation for him.

However, it might be possible to happen in bitcoin, but not in 2020 maybe 2140 the price could reach nearly $1 million, but it depends on how they develop bitcoin and how people use it, if there are more improvements about bitcoin and all country accepts bitcoin as payment maybe it could be possible to reach nearly $1 million, but for me it's impossible to happen unless if there are many big investors enter into cryptocurrency maybe the price could hit that value.

Long term though, we might get it to. But it will took a lot of money to pour in the market to even get into the 6 digit mark. Maybe if we can see bitcoin as payment method and universally accepted just like Paypal. Let's see how it pans out, we are still in its infancy and there's a lot of leg room to wiggle.

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May 15, 2018, 05:29:37 AM
 #30

Is this the famous case where he said that otherwise he would eat his dick privately?

Privately? No! He will eat his own dick on national television! It will be the biggest event since the first moon landing. Hahaha.

Quote
I think that he will have to do this if he is responsible for his words. By 2020, bitcoin can not cost one million dollars. Increase to such a price bitcoin just will not give such people as Mt. Gox from Tokyo. But when bitcoin exceeds even a hundred thousand dollars, many of its holders will start selling it, as many will want to use them to purchase new housing, cars and so on. Therefore, bitcoin will invariably more than once fall in price.

I believe the halving as a stimulus for Bitcoin's pump to new all time highs is very underestimated. It would be stupid to settle for any price lower than $100,000 in my opinion.


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May 15, 2018, 05:39:42 AM
 #31

-snip-

Can we stop this bullshit? He isn't going to eat anything, let alone on national TV. Why would a national TV broadcast such a gruesome act? that's just retarded.

He will do nothing, will just crack a joke about it and move on or postpone the deadline a couple years down the lane, that's all. Not even McAfee is stupid enough to do that.

And as far as the prediction goes, we are actually on track to get to $1,000,000 by 2020, you can follow the required price here:

https://bircoin.top/

So we are only 8% below, if we can get another ATH this summer and correct above that line we can actually do it, if we take a longer break we may not make it but we'll get to buy cheap BTC anyway.

Sad to see you missed the sarcasm and the fact that I was serious afterwards:

I would really rather take the money, but I'm sure seeing McAfee humiliating himself (either by eating his dick, or the more likely scenario, his words) would be pretty entertaining too.

You need to lighten up. It's pretty clear no one takes him or his words seriously. The dick eating is funny because he's not much more than a joke at this point.

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May 15, 2018, 10:48:31 AM
 #32

We all know that McAfee took a bet that Bitcoin would be $1m by 2020

He has once again said on record that he stands by this claim but this time he goes even further and says he believes it will be a MINIMUM of $1million

Here is the short video interview for those who might want to check it out.

https://www.youtube.com/watch?v=ZPOP0T-DLiE

He not only re-iterated it, but did so clearly. And he has even said in the interview that he has already won the bet, either that's how confident he actually is about bitcoin going to $1 million, or he's just spreading a prediction that he knows won't be fulfilled for the sake of publicity.

In my opinion, it's probably the latter. He is hyping bitcoin up as an investment scheme for absolutely no reason.

Only way I can see BTC going to $200k, let alone $1 million that he is promising is if USD depreciates drastically within the next 2 years which seems unlikely in such a short period of time (at least there aren't any indicators right now to say that's going to be the case).

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May 15, 2018, 10:56:23 AM
 #33

Just another way for him to make the buzz.
He clearly isn't someone to be taken seriously. He's here for the money and he's doing a good job getting it.
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May 15, 2018, 01:07:06 PM
 #34

If it will reach that price then many of us are already millionaires now especially those currencies that has lower value than US dollars. I doubt that it will be reach though because if ever bitcoin reaches even $100k then I would just sell it. McAfee is just hyping bitcoin but then what can can we expect with bitcoin. Maybe if the whales will it then it would be achievable? An organic growth would be required though for it to be sustainable because if not then it would just have a parabolic crash too.

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May 15, 2018, 02:20:21 PM
 #35

We all know that McAfee took a bet that Bitcoin would be $1m by 2020

He has once again said on record that he stands by this claim but this time he goes even further and says he believes it will be a MINIMUM of $1million

Here is the short video interview for those who might want to check it out.

https://www.youtube.com/watch?v=ZPOP0T-DLiE
If you have a big amount of bitcoin in your wallet it's normal that you will speculates the price as higher as possible and get attention to around the world to attract more buyers as this will push the price high. This is pure speculation and putting a trapped to small fish to get his profits.

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May 15, 2018, 04:20:01 PM
 #36

-snip-

Can we stop this bullshit? He isn't going to eat anything, let alone on national TV. Why would a national TV broadcast such a gruesome act? that's just retarded.

He will do nothing, will just crack a joke about it and move on or postpone the deadline a couple years down the lane, that's all. Not even McAfee is stupid enough to do that.

And as far as the prediction goes, we are actually on track to get to $1,000,000 by 2020, you can follow the required price here:

https://bircoin.top/

So we are only 8% below, if we can get another ATH this summer and correct above that line we can actually do it, if we take a longer break we may not make it but we'll get to buy cheap BTC anyway.

Sad to see you missed the sarcasm and the fact that I was serious afterwards:

I would really rather take the money, but I'm sure seeing McAfee humiliating himself (either by eating his dick, or the more likely scenario, his words) would be pretty entertaining too.

You need to lighten up. It's pretty clear no one takes him or his words seriously. The dick eating is funny because he's not much more than a joke at this point.

I did not catch any sarcasm in your post to be honest. As far as McAfee being a joke, well he is, he is a pumper of ICO's on twitter, but still, he has developed a model, that follows a certain curve predicting a % of required growth to get there, and so far, it is working:

https://bircoin.top/

We will find out during the rest of the year and specially the next year if the steepness on that asymptotic curve is too much for the prediction to happen or we actually are going to hit these prices.

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May 15, 2018, 04:33:58 PM
 #37

His prediction requires a 20% global adoption, and not just to be used as a store of value, but as a real currency used in daily transactions.

I dont think this will happen in 2020. If it happens, it would be in 2027 or 2028, like in the prediction of the Xapo guy. I say "if" because most people are still State cultists, and I have my doubts that they will ever accept a digital currency as payment, even if the distribution is wider enough for its use.

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May 16, 2018, 03:53:37 AM
 #38

We all know that McAfee took a bet that Bitcoin would be $1m by 2020

He has once again said on record that he stands by this claim but this time he goes even further and says he believes it will be a MINIMUM of $1million

Here is the short video interview for those who might want to check it out.

https://www.youtube.com/watch?v=ZPOP0T-DLiE
We need to stop putting attention to him, that is not going to happen, that is not even a prediction because it is simply impossible to reach that price, to me he's just trying to get attention to himself by making this wild predictions and it seems that it's working and people are putting attention to him, personally I think that a more cautious prediction could be that bitcoin could reach an all time high at that point in time of 50000.
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May 16, 2018, 07:34:33 AM
 #39

Well the longer this goes the more i'm beginning to believe that old man mcafee is serious with his bet. The guy really thinks bitcoin can grow that much in that small span of time. I mean he may be seeing something here and he's made quite some good predictions in the past right? Though i'm not betting with him here

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May 17, 2018, 10:29:23 AM
 #40

I don't even think that he has much credibility left in him, anymore. These over the top predictions that clearly aren't realistic and most probably won't ever come into fruition may actually be doing more harm than good to bitcoin. From an outsider's point of view, McAfee is a representation of an average bitcoin user itself, and with those ridiculous predictions it doesn't do bitcoin any good.

If we look at last year's bull market, which was the biggest bull market that we saw in the entire history of bitcoin, prices went up around 20 times at its peak. Right now, prices are around $8k.

Even if we double the amount of gains that has occurred in the 2017 bull market, we still wouldn't see a price even above $500k, let alone $1 million. And we may not even be at the bottom yet.

2020 is going to be a relatively bullish year, but not to the extent that he is predicting. I'm not even sure what he's trying to go with these predictions. Make more from crypto related promos maybe?

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