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Author Topic: BTC will hit $1M on 2020 - John McAfee  (Read 1129 times)
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June 19, 2019, 10:35:32 PM
 #101

Theres a difference from invention and development and usage.   Just being an inventor sadly is not always a path to riches because you have to part be of the industry which gains from it.   Im not sure having 1 BTC token is a path to riches people imagine it will be, its usually about the cycle of money not the plain asset.  Wider industry believes BTC is a demonstration not the final form of this technology.    Even if blockchain is essential in 20 years it might not be giving BTC holders any part of that.

Its worth looking at famous inventions and the eventual most profitable iteration of that technology.   Definitely that could apply when BTC isnt copyrighted.    I have zero belief in things like XRP but I do think there will be some part of industry which does the most to serve the most people, they are the ones who get the vast majority of profit from bringing crypto to the pockets of even people who have no ability to comprehend it.
     There still is no remote control equivalent for BTC, it really has to be so easy people can have it without thinking in order to propagate I think or at least thats my view maybe some think its already easy enough.   This $1m target isnt coming with zero advance from here, the world requires more then price

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June 20, 2019, 06:26:06 AM
 #102

Theres a difference from invention and development and usage.   Just being an inventor sadly is not always a path to riches because you have to part be of the industry which gains from it.   Im not sure having 1 BTC token is a path to riches people imagine it will be, its usually about the cycle of money not the plain asset.  Wider industry believes BTC is a demonstration not the final form of this technology.    Even if blockchain is essential in 20 years it might not be giving BTC holders any part of that.

that's the same thing nocoiners have been saying for years now: "blockchain not bitcoin"! maybe so, but this projection is becoming less and less likely everyday. very little meaningful progress has been made in applications of blockchain technology beyond bitcoin's use cases. meanwhile, bitcoin continues to strongly dominate the market and shows no sign of an asset bubble collapse a decade later.

even if there are breakthroughs in other blockchain or distributed ledger technologies, i'm becoming increasingly skeptical of the idea that another cryptocurrency will replace bitcoin for its monetary attributes.

people didn't adopt gold because it's what industry wanted. they adopted it because of universal faith in gold as money, developed over time. that's the course that bitcoin may be on. i wouldn't dismiss it so easily if i were you.

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June 20, 2019, 07:33:48 AM
 #103

Im still excited on this prediction that was announce by john mcafee were half way till 2020 and theres no huge movement on the price of btc. But who knows maybe a time traveller tells mcafee that bitcoin will hit $1m by 2020.
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June 20, 2019, 04:56:15 PM
Last edit: June 20, 2019, 05:08:54 PM by WinslowIII
 #104

Theres a difference from invention and development and usage.   Just being an inventor sadly is not always a path to riches because you have to part be of the industry which gains from it.   Im not sure having 1 BTC token is a path to riches people imagine it will be, its usually about the cycle of money not the plain asset.  Wider industry believes BTC is a demonstration not the final form of this technology.    Even if blockchain is essential in 20 years it might not be giving BTC holders any part of that.

Its worth looking at famous inventions and the eventual most profitable iteration of that technology.   Definitely that could apply when BTC isnt copyrighted.    I have zero belief in things like XRP but I do think there will be some part of industry which does the most to serve the most people, they are the ones who get the vast majority of profit from bringing crypto to the pockets of even people who have no ability to comprehend it.
     There still is no remote control equivalent for BTC, it really has to be so easy people can have it without thinking in order to propagate I think or at least thats my view maybe some think its already easy enough.   This $1m target isnt coming with zero advance from here, the world requires more then price

A teeny tiny % of the world's pop holds/uses any amount of bitcoin today. As adoption rates rise (and they are steadily rising since 2009 so why would this trend stop?) the price will rise. This will not be a linear rise, it will be an exponential rise. Why? because a huge amount of coins have either been lost or are being held by whales that aren't selling for fiat - ever. This is simple economics, you don't need an economics degree to understand that $1m/btc is not impossible, it is inevitable if bitcoin has long term success. It's either going to do it or totally fail, there isn't any in between with it due to the ever decreasing amount of new coins made and the steady increase of adoption. Satoshi said it himself - bitcoin will either be worth a hell of a lot in the future of nothing.
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