John McAfee continues to tell Bitcoin investors to stay strong and HODL. He continues to be extremely active on Twitter and he still holds onto his $1 million Bitcoin price prediction by 2020. Here's his most recent comment from Twitter on the future of Bitcoin below. I wonder if Bitcoin miners will continue to mine even if it becomes unprofitable on a day to day basis, however as McAfee states the price of Bitcoin is still expected to outpace the mining difficulty in the long-term.
I also remember watching this video on YouTube below where John McAfee makes his point by saying that the $1,800 price of Bitcoin around July 2017 was impossibly low and that Bitcoin could not sustain such a low price. So whether you think McAfee is absolutely crazy about his Bitcoin price predictions or not he has been right at least a few times so far.
I personally was mining Bitcoin everyday about 1 year ago, but I stopped recently because I don't have access to really cheap electricity, and I haven't decided to move to another country or state to be able to mine Bitcoin more profitably. If the price of Bitcoin hits $50,000 a coin, I'll have to consider a move, lol.
Video is from YouTube
In the video he makes a point of saying that the Bitcoin price prediction of $1 million is only possible with the devaluation of the U.S. dollar and other international currencies.
What are your Bitcoin price predictions? Let me know your thoughts below. Thanks!
This guy is a paid shill and a lunatic. What he thinks should not be valued in any way shape or form.
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Well said sir
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I am a bit concerned about his d*ck.
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I think he'll be right again!!!
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Didn't he say he was going to eat his dick if Bitcoin's price didn't go to some insane level? What happened to that promise?
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I don't think he got rid of that promise. It just didn't appear in this video.
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No, pretty sure he backed out of that one seeing as it was "50K by end of 2018". At least as I remeber it... I highly doubt we'll see that. In fact I'd probably place btc real value at around 5K per btc.
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I really want John Mcafee to be right about this one...
He deserves much more respect than most people give him
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Hes ready for that bull run. Hope he's right
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I added you to good bloggers
http://www.goodbloggers.com/blogger/the4thmusketeer
Help to survive good bloggers((
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Sounds good, thanks!
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If you are a hodler of BTC and can afford to hodl for a very long time, you will reap the reward when the next moonshot kicks in.
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Very well said sir
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The next month might be brutal for bitcoin, potentially down to $5k. However, I think we'll see a recovery through January starting in September.
In the long term? Who knows. What will bitcoin be used for one the last coin is mined? Right now, its a vehicle to create (through mining), invest and earn money. After that last coin?
Was the last gold nugget from the California gold rush worth as much as the first? Was it worth that final hard investment? IDK. IDK if that model would even apply here, but it is something to think about.
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The ETF rejection really hurt momentum
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Yeah, it’s crazy that $20 billion left crypto with that news. Shows how much dumb money is in the market. People over reacting to news that doesn’t change usage/utility of the investment. Just means it’s not mooning when they want.
The good news is the dumb money will come back in at a higher price after cashing out low. I’m hoping their lose is my reward.
I purchase the same amount every week no matter what the price is, so weeks like this feel like I’m getting a good deal. It’s also about the same amount of money a heavy smoker spends on cigarettes. Hoping my addiction pays off though.
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What I think is probably hurting momentum more is all the pump and dumps we keep seeing.
We fall a little more with each dump.
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I hope Bitcoin doesn't fall that far. I think things for crypto are still looking good long-term but its the short term that no one can predict. The hard thing about crypto is the volatility but that is also the best thing about it sometimes. You're making some good points here, and I think Bitcoin is going to continue to be a store of value no matter what, but will it become a more widely accepted payment method? Is Bitcoin going to be more valuable than gold someday? I wish I had all the answers.
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$5k? ouch..
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Pls no $5k
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I'd prefer it didn't either, but...
August has often been rough on btc. One of the reasons, I think, is that Europe is pretty much on vacation this month. Just enough active traders are gone which reduces the demand. Also many might be dumping to pay for their summer vacations as well.
I've seen it (a long time ago now) drop to 1/3 of its value over the course of August. Now, it came roaring back so much so that by December it was 6x what it had been in August. Then it slid, slowly, after that, with some jumps up until August again and then...
I'd say hold this month to wait and see.
And, yeah, I think $5k is a strong possibility by the end of the month.
We'll see though. All of this is worth as much as all y'all paid for it. ;)
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I do think it will even go lower with the econimic problems coming up.
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It might. I won't claim to be a seer. However, I suspect people will start coming back in September once the vacation season is over in Europe.
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Bitcoin will certainly go to moon. Just hold your patience and stay strong.
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the future is here, is the bitcoin and Kylian Mbappe
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Yes bitcoin. But not Mbappe
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Bitcoin prices will run like a jet at very faster rate. Steemians should stand firm and enjoy this moment.
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when will it reach 25000 usd
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its possible
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@the4thmusketeer , I have tighten my belts for moon ride, very excited to ride on.
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@the4thmusketeer waht you think it touch mining price $5500?
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There might be price manipulation in cryptosphere but that will be done to disrupt its balance. But those artificial price manipulation wont succeed over time. Therefore, it still possible to bitcoin and alts to hit a new all time high.
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Nice post the4thmusketeer! Very solid points. It can be very difficult to know when not to hold anymore. Especially in the crypto market. I guess, we will never really know. Maybe in 10 years a bitcoin or ethereum is worth 1 million dollars. Maybe it is worth 50 dollars. All I know is that it is exciting. What are your prediction of the coins you value the most?
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Thanks for your comment. I agree, crypto can really change your life. I think we are just a few months away from a billionaire or 2 making a massive Bitcoin purchase. The market needs to recover a little more before that happens, but if we can get a recovery above $8,800 in the next month or so, then I think this investor will appear. Hopefully, when this investor appears they don't do an OTC trade because that wouldn't affect the prices much. Also, hopefully when Bitcoin goes up this creates another altcoin rally.
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John Mcafee is a bit squirrely to begin with. I'm not certain I'd put too much stock in anything he says.
However, this is a nice article. I've upvoted it!
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The price predictions at the end of this year was around $50k,,but I DNT see Bitcoin surpassing it's all time high and this is all from the charts and mathematics just not a prediction
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Well he still has some years for his prediction to come true. I personally don't believe we will be that high by 2020, but for sure I would be happy about it!
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Well said sir.. Appreciate it
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When penis eating? :P
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Congratulations @the4thmusketeer! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
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STOPTo support your work, I also upvoted your post!
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I have to agree with John, like him or not. Bitcoin is not going away, and the adoption of crypto (not necessarily Btc) will only increase going forward. His key point, that of the rise of Bitcoin being a result of fiat currency devaluation rather than a bubble, is probably right on.
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They r the whale's who control's the crypto .So u have look the point and condition what lies under the tongue.
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https://steemit.com/bitcoin/@kamilason/5dmssq-bitcoin
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Thank you for showing us Mc Afee's tweet and his confidence in Bitcoin.
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Bitcoin is by all accounts an exceptionally encouraging thought. I like constructing security in light of the suspicion that the CPU intensity of genuine members exceeds that of the assailant. It is an extremely present-day idea that adventures the intensity of the long tail.
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Bitcoin enables certain uses that are very unique. I think it offers possibilities that no other currency allows. For example the ability to spend a coin that only occurs when two separate parties agree to spend the coin; with a third party that couldn’t run away with the coin itself.
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Bitcoin 60k by 2020 is possible. That's a x10 increase from where we are now. When the whole market goes x10 that's a market cap of 2.2 trillion dollar. The dot com bubble was 5 trillion and this time it's a global hype. But 1M btc price is a bit to optimistic. Looks like he will need to eat his dick.
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Do you invest on Bitcoin?
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Yes, i'm in this market since the last pump and dump in 2013-2014. But i like some altcoins more than bitcoin.
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I'm not sure what will happen in the next two years but it's worth a try.
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I'm not sure what will
Happen in the next two years
But it's worth a try.
- randomized
I'm a bot. I detect haiku.
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If you want to hold Botcoin long term for big profit then right now is the great opportunity to invest bitcoin!
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Great information and I will be following you.
Thanks,
dubloon135
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