Did John predict this Bull Rally last month?
If you aren't familiar by now, John McAfee made a statement that BitCoin would reach $500,000 by the end of 2020 or he would eat his own dick. He later doubled down on that bet and said BitCoin would reach $1 million by the end of 2020.
I wrote about this bet 7 months ago and figured out how easy it would be to meet that bet, if BitCoin followed past performance.
Mr. McAfee has been basing his bet off of calculations that either he created or someone else created and he is using. I don't know the background of how he is getting his information.
I do know that there were sort of patterns to when BitCoin went up and down, which is something that McAfee looked at and I wrote about in an article earlier this year.
If you want to see his progress, there is a web app that is tracking his bet called https://bircoin.top/.
Currently, he is not doing so well, as BitCoin is 43.3% below the price it needs to be at to make good on his bet. Cryptocurreny has taken a beating since the end of December, when BitCoin touched $20,000. Since the drop, everyone is trying to guess when the Bull Rally will begin again. Some people had bet that the Consensus conference would be the trigger. I guessed that there might be a little bit of a bump, but wasn't convinced that there would be a Bull Run.
Things have been pretty dreary, even up to last month, when more FUD hit the markets.
While everyone was losing hope, John McAfee was taking big inhales of the hopium and trying to let everyone know that it would be okay. He wasn't worried about his bet and he was pretty sure that things would start looking greener in the summer. In fact, he is betting that BitCoin will be out of its slump and back to $15,000 before fall.
~ source :
You will notice that his tweet was on June 10th, so he was only off by 1 week on his prediction that the Bull Market would return in 30 days. If he is right, then by the 1st week of August, BitCoin will be back to $15,000.
On July 1, 2017, BitCoin was $2,492.60 and by August 31, 2017 it was $4,555.59 an 82.76% increase in value. If BitCoin were to increase from it's July 1, 2018 price of $6,739.65 by 82%, it would be at $12,264.98. Given that cryptocurrency are more well known and more openly accepted by financial institutions, the increase percentage might be greater.
Can BitCoin increase by 120+% compared to July 1st in the next 21 days in order to reach $15,000?
It is possible.
Let the positive energy sing!
More Power to the Minnows!!
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It's funny how quickly the mood in crypto changes! A few days ago, no one would have posted something like this... but I asked the question too... check out my blog ;)
https://busy.org/@kabir88/81fc7940-8823-11e8-adb2-bf4283a63cb9
Was wondering why there was so much FUD, just before the market spiked.
My guess is, the financial institutions are trying to keep the value low, so they can get the most out of their investment. They are waiting for approvals to go through that will allow them to make even more off of the crypto market.
If you were to look at BTC over the years, the spike to $20k was out of the norm, so there should have been an expected pull back to the $7k level. It just happened, that FUD about hacks and other things dropped it below $7k and we are now getting back to normal gains. Maybe.
Which post of yours in particular did you want me to look at?
He also predicted coins prices at the end of June and was more than 10x below his predictions. He's nothing more than a shill.
There is that.
I think the drugs fried his brain and he's on the edge of not knowing what is and isn't real.
One of the replies to the tweet I posted.
Coins mentioned in post:
well written thanks for sharing your thoughts so well !