John McAfee Says “Bitcoin under $9,500. If you are panicking, you are a fool”

[Prateek_sharma]

Well!! Recently, popular crypto face john McAfee tweeted about bitcoin. He Says “Bitcoin under $9,500. If you are panicking, you are a fool” 

Source: https://coinpedia.org/news/bitcoin-price-john-mcafee/

What's your take john mcafee's view?

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[mk4]

What's your take john mcafee's view?

I agree with him in a long-term "hodling" perspective; these dips/drops shouldn't matter if you're long-term bullish in the first place. In the short-mid term trader's perspective though? Maybe, maybe not. Bitcoin can definitely still drop far below $9500, and there might be a lot of buying opportunities at lower prices in my opinion. But at the same time, it's also possible(though unlikely in my opinion) that bitcoin wouldn't drop lower than $9000. In the end, it's all just proper risk control.

[BenCodie]

I don't usually respond to fudders, but this guy here has to be put in his place. His tone is just too similar to JP.

Well!! Recently, popular crypto face john McAfee tweeted about bitcoin. He Says “Bitcoin under $9,500. If you are panicking, you are a fool” 

Source: https://coinpedia.org/news/bitcoin-price-john-mcafee/

What's your take john mcafee's view?

John is mentally defective from over usage of illegal recreational drugs.
This is a man that claimed he would eat his dick on live TV, on 17 Jul 2017 if BTC price was not $500000 per coin in 3 years.

So on July 17, 2020, someone should hand him some pain killers and some salt,
because btc price is not going to even be close to his insane prediction.

He is utterly delusional...

Highly disagree. One could argue that Mcafee would not be where he is today if said illegal substances effected him in such a negative way. I can agree that his views are ambitious to say the very least, but that does not mean all of his views and opinions is wrong.

Also, on an un-related note, just because something is illegal in an establishments eyes does not make it wrong. Take bitcoin, which was illegal in most places in the beginning, still is illegal in some places, yet has proven to be a viable digital currency with potentially revolutionary outcomes. Most revolutionary movements either begin wrongly illegal due to higher motives, unregulated or initially incorrectly unregulated.

Bitcoin is a very good example that not everything in the eyes of the establishment is correct. I am not condoning breaking the law, but you do have to keep in mind that man-determined rules after centuries of operations almost always have many underlying motives to ensure greater goals and objectives remain possible and achievable. This includes banning of some recreational drugs which have proven to have positive effects, such as LSD or recently recognised marijuana for its medicinal purposes, both of which were and still are banned in most places to prevent mass free-thinking.

Forward thinkers do not generally judge others views based on their personal habits, by the way 

bitcoin adoption has been declining not increasing , LN still not ready, & new asics chips will be out,
all of these factors will lower BTC price for the foreseeable future not increase it.
BTC may drop back down to $3500 with the new chips.

Quite a laughable statement overall. Here's why...

Bitcoin adoption declining? This article, one of many just by searching "bitcoin adoption statistics" on google proves your initial statement entirely wrong:
https://cryptalker.com/bitcoin-adoption/#Bitcoin_Adoption_by_Country
Are you talking about adoption in the past 7 - 30 days? If so, this is not the right way to measure adoption of anything let alone bitcoin.

In terms of LN, usability is increasing, not decreasing. Many businesses have and continue to research & integrate the tech. Both development & adoption of LN have definitely not slowed down in the last 12 months, again some statistic research will prove this. I'll leave you to it

Finally, the miners...
Miners are notorious for going to great measures to ensure their profits never go into a long-term negative. History proves this with each bitcoin halving. This fact is a big part of what makes bitcoin & other mineable coins thrive heavily. New chips do nothing more than keep up with current difficulty, and once widely adopted becomes the norm in the industry. This is not new info, every other time mining tech has improved this statement holds up.

[Kakmakr]

John McAfee has said a lot of ridiculous things in the past, so people tend to dismiss most of the statements that he makes. When you say you will cut off your penis and eat it, if something does not happen, then people might think you are a bit crazy... right. 

Well for once I might agree with him, because a lot of people did not sell their coins when the price dropped with over 80% from it's all time high of $18 000 in 2017.    There is no significant bad news that are pushing down the price and I suspect someone is dumping lots of coins to push down the price, for them to get back in at a lower price. 

[BenCodie]

John McAfee has said a lot of ridiculous things in the past, so people tend to dismiss most of the statements that he makes. When you say you will cut off your penis and eat it, if something does not happen, then people might think you are a bit crazy... right. 

Well for once I might agree with him, because a lot of people did not sell their coins when the price dropped with over 80% from it's all time high of $18 000 in 2017.    There is no significant bad news that are pushing down the price and I suspect someone is dumping lots of coins to push down the price, for them to get back in at a lower price. 

Since 2017 there has been immense institutional involvement. So yes, you are most likely correct with your suspicions. This is a known whale tactic which we have all seen many times in the recent years of bitcoin trading.

[Janation]

The history is proof of itself.

With a lot of declines or dumps in the past, investors of the said cryptocurrency are still getting good profits until now. Despite the dumps happening, the price can quickly increase, that is how volatile it is. If you will be selling early then you would not get profits you deserve.

[Jating]

John McAfee has said a lot of ridiculous things in the past, so people tend to dismiss most of the statements that he makes. When you say you will cut off your penis and eat it, if something does not happen, then people might think you are a bit crazy... right. 

Well for once I might agree with him, because a lot of people did not sell their coins when the price dropped with over 80% from it's all time high of $18 000 in 2017.    There is no significant bad news that are pushing down the price and I suspect someone is dumping lots of coins to push down the price, for them to get back in at a lower price. 

Right, I think this is the first time that I would have to agree with John here. He raises a good point here, I mean people think that bitcoin by now should be like in the $12k-$13k range because we have so many positive news. So it's quite unusual to see the price going back below five digits.

So I do believed that we shouldn't panic, we have seen bitcoin going on a roller coaster ride since topping $13k so we shouldn't worry about this sudden price. On the contrary take this opportunity to buy and then just HODL specially if you are a long term holder.

[BestBitcoinBuyers]

Taking a rich persons public statement about investments seriously, is always a bad idea

[pooya87]

in other words McAfee yet again made another obvious statement just to remain in the media and sites like OP's love him for providing them with material to write stuff every day
otherwise anything below $10k has been a great discount this entire year starting from the time when we were at $6k and that nasty fall came along and brought the price down to $3k. this is no different either, it is just a matter of time before this sideways action ends too and we see $15k in a week after it ends.

[Prateek_sharma]

Taking a rich persons public statement about investments seriously, is always a bad idea

Exactly, but knowing the future forecast of the particular coin is one of the best idea for any investor.

[phamminhtan]

Well!! Recently, popular crypto face john McAfee tweeted about bitcoin. He Says “Bitcoin under $9,500. If you are panicking, you are a fool” 

Source: https://coinpedia.org/news/bitcoin-price-john-mcafee/

What's your take john mcafee's view?

Yes! That's how they created Fun in order to scare investors to profit from it, to me the smart way now is to hold Bitcoin in a tight, long-term way is the best way.

[LogitechMouse]

Well!! Recently, popular crypto face john McAfee tweeted about bitcoin. He Says “Bitcoin under $9,500. If you are panicking, you are a fool” 

Source: https://coinpedia.org/news/bitcoin-price-john-mcafee/

What's your take john mcafee's view?

As a Bitcoin Hodler, I totally agree with him. Those who are panicking with the recent dump of the market are either foolish investors or newbie investors. This is the time to accumulate more Bitcoin and not to panic sell. I trust Bitcoin and crypto so I believe that this is just a correction and in the long run, Bitcoin will go higher than its previous ATH.

[Hypnosis00]

Well!! Recently, popular crypto face john McAfee tweeted about bitcoin. He Says “Bitcoin under $9,500. If you are panicking, you are a fool” 

Source: https://coinpedia.org/news/bitcoin-price-john-mcafee/

What's your take john mcafee's view?

No,  it wasn't look panicking for me unless the price will turn back into $1...that was closely to nothing but looks impossible by then.
It only cause panic when we are in troubled and have doubts but for us who knows crypto's capabilities...it simply it won't affect and just ignore.

[gantez]

John McAfee has been in the news about bitcoin and this in my view isn't going to be the last. At this time, I think he is correct that people shouldn't get all panicking but calling people fools is what seem not right for me though They could be newbie or at best short term hodlers who have made some profit and don't want to lose it totally.

[NeuroticFish]

Although this time I would tend to tell that he's right, it's still worth remembering that his statement is biased (he is Bitcoin supporter after all) and that his statement is there only that people will talk about him again.
So no, please don't take him serious.

[kaya11]

Nothing new. same old John MacAfee, I am only interest in the time he will be eating his own sausage on national TV. The thing is you will be surely more than a fool if you panic and sell you bitcoin now, it would be sale for others and you will be the ones who will cry later on.

[Artemis3]

Well!! Recently, popular crypto face john McAfee tweeted about bitcoin. He Says “Bitcoin under $9,500. If you are panicking, you are a fool” 

What's your take john mcafee's view?

He is not popular, and i don't even know why you bring his comment which nobody should be paying attention to. He is always making outrageous claims to attract attention, and that's it.

This particular comment is correct, and that is rare. Perhaps he knows he has zero credibility, and yes nobody should be reading him. BTW At this moment it is above 9500...

[Baofeng]

Lol, You can go on Youtube and see that John McAfee keeps repeating himself, as far as I can remember he already echo this sentiments in Nov 2018 and then May 2019. And it just common sense though, you don't need to be a a so called "guru" or "expert" and tell the world what you need to do. This is just a way for John to stay in relevant and at least still in the limelight of crypto verse. No need to give him accolade for calling this one out.

[Duzter]

John McAfee quite often comes with price predictions relating some factors, same as that he has put forth the price predictions for the moment to go low to $9500. At times he also gives wild predictions, at times it gets coincidence. This time I believe there is more chances for the price predictions to coincide with McAfee prediction.

[andreibi]

The state of the Bitcoin markets is similar to when BTC dropped to sub $200 (from $1,000 plus) and eventually recovered to around $600. What I observed was the greedy people who bought into the hype and fomo'd Bitcoin into the $1000s were very much disillusioned and decided half of a loss is acceptable. So, they cut losses. At the same time, people who bought the bottom is already cashing out. It would take some time to flush out these people out.