If bitcoin doesn't reach $500K in 3 years....

[ultrloa]

source

^ I'd forgotten about this self-imposed challenge 

We know that he backtracked but I just want to remind everyone that even crypto personalities can't predict the market and they get it wrong most of the time. Do not fall for their "expert" opinions. Some of them are paid reviews/opinions anyway.

That statement by John Mcafee was made out if confidence in the fact that bitcoin was moving fast like wildfire withut the interference of government and other financial regulatory agencies globally. I understand that it may be an extreme self inflicted challenge but it only goes to show his confidence in the technology and all it brings. But it ain't all that easy as it sounds, normal market forces will playout in the long run that will alter it.

John Macfee mentioned in some twitter post that was only a joke.  Regards bitcoin price 500K i think is just made by people who speculate on price , it could never go up like to 500K$ too much.

Many people take it seriously that's why we can see some malicious speculation regarding on this and many hoping to see this up, but I don't closing this to happen but its really close to impossible since we really need a huge adoption or take over before that to be happen. but let see things coming in future if these scenario will came.

[rodskee]

source

^ I'd forgotten about this self-imposed challenge 

We know that he backtracked but I just want to remind everyone that even crypto personalities can't predict the market and they get it wrong most of the time. Do not fall for their "expert" opinions. Some of them are paid reviews/opinions anyway.

That statement by John Mcafee was made out if confidence in the fact that bitcoin was moving fast like wildfire withut the interference of government and other financial regulatory agencies globally. I understand that it may be an extreme self inflicted challenge but it only goes to show his confidence in the technology and all it brings. But it ain't all that easy as it sounds, normal market forces will playout in the long run that will alter it.

John Macfee mentioned in some twitter post that was only a joke. 

What else can he do? he's integrity already been uncounted
to this industry.

Regards bitcoin price 500K i think is just made by people who speculate on price.

Everything around bitcoin are still speculative especially those who
are giving their own predictions.

it could never go up like to 500K$ too much.

Too high, and for sure to make it happened, a lots of investment that
needed to flow though possible if more investors and newcomers that
will help to make things happened.

[CandelaCoin]

Mcafee has long since ruined his reputation. He did this way before Bitcoin became a mainstream topic of discussion. I don't know why anyone would take his "prediction" seriously. He made mediocre anti-virus software. His intelligence has been tainted by years of hard drug abuse.

[Traderbtcc]

Haha, he can't eat his dick now, I think it was just a meme or funny response , although he was really hoping for Bitcoin BTC to reach $500k,and we all know John McAfee is an investor and he fully believes in Bitcoin so he will always expect it to be at a high price at all time, and we have all seen how bitcoin turned from $0.20 to $20k  in less than a decade, so anything is possible, I still believe $500k per btc is attainable buh in the future not now.

[BADecker]

Haha, he can't eat his dick now, I think it was just a meme or funny response , although he was really hoping for Bitcoin BTC to reach $500k,and we all know John McAfee is an investor and he fully believes in Bitcoin so he will always expect it to be at a high price at all time, and we have all seen how bitcoin turned from $0.20 to $20k  in less than a decade, so anything is possible, I still believe $500k per btc is attainable buh in the future not now.

Yes, but. See how bitcoin is controlled by the Devs and miners - https://bitcointalk.org/index.php?topic=5261835.msg54887225#msg54887225. Or am I wrong?

[swogerino]

Do not worry.Even though he backtracked from his bet the truth is that the value of bitcoin should increase in the end of the year 2021 as this was the case with both other halvings befoee in 2012 and 2016,after these happened bitcoin surged in price in the end of the next year.In 2020 halving was in May so let’s just wait 1.5 year as I am pretty sure it will be well worth the wait.

[BADecker]

Do not worry.Even though he backtracked from his bet the truth is that the value of bitcoin should increase in the end of the year 2021 as this was the case with both other halvings befoee in 2012 and 2016,after these happened bitcoin surged in price in the end of the next year.In 2020 halving was in May so let’s just wait 1.5 year as I am pretty sure it will be well worth the wait.

What will happen if the Devs reduce the block size to half of what it is, and the miners increase the fee to 50% of every transaction?

[imstillthebest]

Haha, he can't eat his dick now, I think it was just a meme or funny response , although he was really hoping for Bitcoin BTC to reach $500k,and we all know John McAfee is an investor and he fully believes in Bitcoin so he will always expect it to be at a high price at all time, and we have all seen how bitcoin turned from $0.20 to $20k  in less than a decade, so anything is possible, I still believe $500k per btc is attainable buh in the future not now.

not a meme because it came from his official twitter account but as i see the check mark next to his name  looks blurry  . so im skeptical if its legit or not. just is investor of btc and so i am but what our only difference is that my expectation are not high as his  . i saw the transfromation of btc  3 years ago but thats not enough to kick my motivation thru the roof   .

I still believe $500k per btc is attainable buh in the future not now.

like on what year  ? 2040's   ? me too but how old are you now  ? not sure if we can reached that year but we can also inherit our coins to our kids

[ethereumhunter]

Haha, he can't eat his dick now, I think it was just a meme or funny response , although he was really hoping for Bitcoin BTC to reach $500k,and we all know John McAfee is an investor and he fully believes in Bitcoin so he will always expect it to be at a high price at all time, and we have all seen how bitcoin turned from $0.20 to $20k  in less than a decade, so anything is possible, I still believe $500k per btc is attainable buh in the future not now.

Yes, it is possible, but he makes a challenge for himself without knowing what will happen in the future. What will happen if his prediction does not happen, does he have the courage to do what he says? I also believe bitcoin price can increase high, but I am trying to realistic, and I don't try to dream high because I realize that bitcoin is not easy to predict, and it's a wild thing that ever invented. I think what we need to do now is follow the price, even if that is up or down.

[Yatsan]

Haha, he can't eat his dick now, I think it was just a meme or funny response , although he was really hoping for Bitcoin BTC to reach $500k,and we all know John McAfee is an investor and he fully believes in Bitcoin so he will always expect it to be at a high price at all time, and we have all seen how bitcoin turned from $0.20 to $20k  in less than a decade, so anything is possible, I still believe $500k per btc is attainable buh in the future not now.

not a meme because it came from his official twitter account but as i see the check mark next to his name  looks blurry  . so im skeptical if its legit or not. just is investor of btc and so i am but what our only difference is that my expectation are not high as his  . i saw the transfromation of btc  3 years ago but thats not enough to kick my motivation thru the roof   .

I still believe $500k per btc is attainable buh in the future not now.

like on what year  ? 2040's   ? me too but how old are you now  ? not sure if we can reached that year but we can also inherit our coins to our kids

Yeahh, that is a legit post from him and we all know that he is one of the biggest troll here in the internet when it comes to bitcoin  Honestly, John statement is a shit now, since no one believes him anymore because of a lot of garbage statement he throws on bitcoin.

500k$ is so good to be true but still possible, It will take a lot of time but again, Bitcoin came from nothing and Bitcoin always do the unpredictable 

[wxa7115]

A historical meme that was made.

I think he admitted that it won't happen and it's all for the hype.

It was obviously not ever going to happen, if he had said something like I will eat my hat if bitcoin does not reach a certain price then I could believe he could somehow fulfil his promise, after all in the episode of The Simpsons Homer loves Flanders we see Homer eating a nacho hat and some people have actually taken the time to create one in real life, that way McAfee could have fulfilled his bet, but we know he did not said that and as such it was a challenge impossible to fulfil for him or anyone else really.

As such people should take everything they read with a grain of salt especially if it is something as nonsensical as what McAfee writes.

[nelson4lov]

Bitcoins value now is already over $500K ,so i think John McAfee is thinking deeply about the words he post on twitter. I don't think if he will do those words he said  . He is wrong about what he think about bitcoin

Not sure that would happen. Everyone knew the prediction was a mere joke. McAfee doesn't control the market. How else would he had known Bitcoin would be at $500K in 3 years?  He probably made that tweet because of the epic run bitcoin had that year. I knew a lot of people who made similar predictions like that – the so called "blockchain experts" and influencers. For Bitcoin to reach such price, the adoption needs way high and we don't have such now.

and i think after this time he will lost his followers.

Funny thing is, McAfee is too busy with politics and his ghost project. Nobody who's serious with Bitcoin will take his rants seriously.

[AakZaki]

John McAfee only speculated and the predictions he posted were just bullshit predictions. We already know who John McFee is. he just wants to be known by people as a fortune teller about the unreasonable price of BTC. I believe the price of bitcoin will go higher than now and then make a new ATH, but the price of $ 500k USD is too high and not possible at the moment.
Don't expect a price of $ 500k, when the price exceeds $ 20k I'm already quite happy.

[Nellayar]

John Mcafee is a popular crypto advertiser. He needs to convey the people to buy bitcoin and hold it. An endorser should always be exaggerated to their followers because they won`t convince people if it is only in normal endorsement. But what he said is really hilarious. I can`t imagine how a popular person can do that in front of media. And, one thing it can`t jumped the price. In fact, surpassing a new ath is really hard for bitcoin to achieve.

[nasipadang]

Bad behavior from john McAfee, I think everyone has understood the uselessness and careless actions of McAfee. Since he promoted the scam project, from there many accounts, blame him, especially after many events and actions from McAfee made his name even worse. This made me interested at the beginning of the story of John McAfee, which some people see as a cryptocurrency influencer that people believe in.

[7788bitcoin]

I guess this is just for the hype so that a lot of investors will be interested in cryptocurrency.

The only option anyone can do about bitcoin is to speculate and everyone is giving their fair share of speculation for years and there are always two sides to this, we all know that the price of bitcoin would rise but the real practical situation should be the evolution of bitcoin as well, what are the changes we can expect in this three years and i believe the evolution in terms of scaling will play a factor if you are talking about half a million dollars.

[ethereumhunter]

I guess this is just for the hype so that a lot of investors will be interested in cryptocurrency.

The only option anyone can do about bitcoin is to speculate and everyone is giving their fair share of speculation for years and there are always two sides to this, we all know that the price of bitcoin would rise but the real practical situation should be the evolution of bitcoin as well, what are the changes we can expect in this three years and i believe the evolution in terms of scaling will play a factor if you are talking about half a million dollars.

You can speculate about bitcoin, but you should have analysis, or you should make your analysis, and don't depend on other people analysis. But unfortunately, many investors don't have analysis, and they come to bitcoin because they see a tagline about bitcoin will skyrocket in the next three years, so don't be late to buy bitcoin. The adoption will also play a factor in making the price to increase. In these three years, bitcoin adoption is up and down following the trend in the market. Many people already frustrated with the bitcoin because they got lose much money in a few years.

[boyptc]

A historical meme that was made.

I think he admitted that it won't happen and it's all for the hype.

It was obviously not ever going to happen, if he had said something like I will eat my hat if bitcoin does not reach a certain price then I could believe he could somehow fulfil his promise, after all in the episode of The Simpsons Homer loves Flanders we see Homer eating a nacho hat and some people have actually taken the time to create one in real life, that way McAfee could have fulfilled his bet, but we know he did not said that and as such it was a challenge impossible to fulfil for him or anyone else really.

As such people should take everything they read with a grain of salt especially if it is something as nonsensical as what McAfee writes.

We might see it in the future but there is no definite time when, maybe after 10 years or 20 years? but with the prediction that he did, he said it for the sake of hype.

He did it and successfully turned everyone to believe him. The Simpsons you gave as an example has also featured bitcoin and many episodes of it predicted the future. We don't know the future but I'm willing to hold for that long maybe 5 or 10 or more years.

[desticy]

So unrealistic, we all know that market is not balance, we all know that there's a time it goes up and down. Maybe in the near future it will come. But in 3 years? i doubt, but in my inner side. I am hoping that it reach $500k, no one knows right? 

500,000 is too much. Remember how the market behaved after ATH, a correction of more than 90 percent. Perhaps one day bitcoin will reach such numbers, provided that the entire global economy will show frantic growth. There is really no balance in the market due to volatility, and there are high risks of manipulation of various kinds, which suggests that there is no point in waiting for 500k in the next 3 years, just as there is no point in waiting for McAfee to eat his dick.

[bitgoldpanther1978]

3 years was almost done now, I wonder if He remember this quote way back 2017.
This is obviously that John Mcafee has no credibility and reputation. Because He has a lot of statement that
didn't happened like this one that He stated on Twitter.