Will BTC Be Worth 1 Million USD by End of 2020 ?

in #bitcoin6 years ago

Its a known bet that McAfee will eat his dick on public tv if BTC wont hit 1 million.

Here he speaks of this bet.

And this is initial one on twitter.

People try to predict if that's going to be possible and made some chart scripts.

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Bitcoin Markets


Notice that its just BitFinex and Asia in top10 (despite they had to change company registration places) which looks bullish.

Sites to be checked on this topic

https://fnordprefekt.de/
https://diegorod.github.io/WillMcAfeeEatHisOwnDick/

Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips!

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This guy is all about self publicity and stunts.

He talks out of his ass and can’t really be taken seriously.

hes entertaining though :)

Yeah he is wild. We need more people like him to put a smile on our faces!

To a certain extent. His antics can be considered detrimental to the space as a whole

I think at his age it's won't matter much if he does it or not :)

Exactly the old hag really doesn't matter but wish he is right, would love to see BTC over 1 million dollar some day.

Well, it depends how much 1 million dollar will still be worth. hope there won't be any African situations with inflation so high 1 M = 1 USD now

Exactly! He is banking on the fact that there will be hyperinflation in the fiat world by the end of 2020. Very likely that the combined effect of Bitcoin's deflation with fiat inflation will allow his prediction to come true! In the future I can see $100 having the purchasing power of a $20 bill right now.

Hey isn't everyone about that?

We all play various roles to try to get attention from other humans. Some just becomes more famous from it. Surely this person has built a business in life so clearly he knows some things at least. Especially if we compare to the average person that hasn't put themselves out there that much. All controversial people usually speak lots of truth of what will happen. But the mainstream masses loves to live in denial and feed themselves with same boring stories day by day. We need some romantic excitement and drama.

Isn't it boring with lame humans that just conform and acts just like everyone else? Exactly! Here we have someone that is a true individual and unique which is very refreshing. People usually doesn't understand how hard this is in a sheep society. For example you upvote your own comments. Hey isn't that a bit delusional as well by your standards? Your comment is boring and predictable. It's not exciting. Why not mix it up?

We have to realize that reality is complex and nuanced. You can sherry pick small things from a person and make any argument. But that isn't really how a mature man should value another man. It's very silly and immature. And clearly this man talks and get your attention. So he is very smart! As we now are starting to live in a digital world all becomes about pulling off a show for the masses. And we appreciate a good show. Same reason people go watch Netflix or a new Hollywood cinema movie.

Oh is that so? so when will Verge hit $15? or is DGB still one of the best small currencies? There is a stark difference between being bold and being Outlandish.

As for my self upvote. I am on my out of this platform, may as well scoop some fuinds while I am at it.

Sure, he just want to be noticed in the crypto world. Relevance is what he wants, maybe soon he will be giving crypto investment advice

The idea behind bitcoin is great and there's a huge potential, but instead of building useful business solutions for it, there is this gamification where people prefer to gamble for a marginal profit. So, yeah, crypto will die and it will be us who killed it.

it wont die, it's just going to transfer hands from the stupid to the smart.

I don't care about Mcafee, what I am concerned about is if I am still alive that year. But one thing is certain BTC holders will be happier. @kingscrown

Hope Indian Govt. twitches their ass and removes the ban on bank dealing with crypto. Rest I know BTC holders will have the last laugh.

You will definitely be alive, we all are going to be. BTC holder will all be millionaire, those who invested largely during the dip

I don't wanna see if not...

There will be a lot of growth in crypto by 2020. We'll see if it really gets that high. We all know that if it doesn't hit $1 million, he'll call it off or pull some silly stunt on TV. This is great marketing for him and Bitcoin though. I don't mind it. HODL

He is playing us. He said Bircoin would be 1 mil.

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Exactly, and that might be just a name for some SMT that he will start on STEEM ;-)

If it happens then Steem will be worth $500.

I wonder if Las Vegas has computed odds on this event happening?

Lets hope that he makes it. $1m BTC would be awesome but also nobody really wants to see that!!

In order for the price of bitcoin to not reach 1 million requires a lot of things to not happen.

  • The stock market doesn't crash, at all.
  • There isn't any huge bond sell offs.
  • The US doesn't engage any more wars
  • The dollar maintains its strength.
  • Hyperinflation doesn't set in.
  • The price of food doesn't jump because of the long winter just experienced.

If any of those change, then we will hit $1,000,000 very easily.

US inflation will make $1,000,000 bitcoin possible by 2020. That's what, a market value of $20 trillion?

Oh yes, a market value of $20 trillion with a line of billionaires trying to get in.

(but the market value is misleading. Half of the bitcoin hasn't moved. Owned by Satoshi)

Yea, when do we get to price bitcoin in Euros? Can we do that?

No, we can't do that! Because we are 'mericans, and that just aint cricket! :-p

At some point all the currencies will be priced in bitcoin. (or some other thing that shows up to become the standard, and it could be some agreed upon metric)
The dollar, for now is the world reserve currency. And so, i don't think we will ever see it priced in Euros... accept in a list of prices in Yen, Yuan, Euros...

Sounds very exciting! I hope we can move even beyond $1 million BTC because it would be fun when all the people that never invested would see that. It's painful to be ignorant in life when you see what you could have become! A multi-millionaire with ease by doing some smart humble decisions that your geek friends were talking about! I ignored Bitcoin at $10 value... That was painful when you saw it go to $10K!

Something that all these people do is lurking around at the same time that they live in denial. I know because I did that myself! Go to Twitter see some tweets from your Bitcoin investor friends.. Almost hoping that the price would decline eventually! But technology like this is here to stay. Since we all know how tired literally everyone is of Banks. My Bank closed my Bank card I called them in the morning. They said that they did it because of a 10 dollar Spotify transaction... Or something like that... It's a disaster their monopoly have made them so lazy. They have too much power!

We all know that when the mainstream herd moves into Crypto and Western millionaires that the price will totally explode... The West is still doomed because I think the Bank will still be able to take down that place. They doesn't just want to go down themselves. But a few smart Geeks can get in on Crypto and start to plan their escape. Eventually our whole lives will become Tokenized. Which means even more opportunity and leisure from the extra money.

The fun thing now when we have this new digital money system is that we love when it shows red numbers! Since the Crypto industry moves so fast we know it will turn green very fast again. It's more exciting than the old system. While the old stock market when it shows red it can truly be a disaster. Because it may take years for it to recover! This is too slow for us new geeks that are used to 30x profits in 1 year time.

He’s a clown! 🤡 But by my calculations, Bitcoin should be around $1.5 million by the end of 2020.. so he may be right after all

This is so impossible.

With the same BTC / Steem ratio today that would project Steem at oh about $350 if BTC hit 1M.

It has to be! Otherwise... we know McAfee as a man of honor...
He's 72 by now, the man has no other job for his di*k.

Anyway, it will be an interesting 2020!

Question is: will he bake it, steam it, fry it first or will he just go for the raw meat.

2020 eating dicks year lol

He always got a dirty mouth anyway, so not much will change :)

Calling Lorena Bobbitt she is a expert Dick cutter!

Bitcoin is struggling to reach $8500. There is no way I can see it reaching one million in just 2 years. So I say to McAfee.......bon appetit.

i think it will definitely be worth $1 million, may or may not be by 2020. there are very strong macro forces at play regarding this. here is a video by tom lee of fundstrat highlighting some of those macro factors -

My only concern is a global recession during bitcoins rise. A recession can be both good and bad, possibly depending on where the adoption of bitcoin reaches by the recession.

Thanks. You provide many information about buy/sell crypto.

very good information friends hopefully there is information yan other very inspired friends

Apparently

que maravillas estos comentarios me gustan

I am skeptical that we will reach $500,000 by 2020! But with a supply of only 21,000,000 and who knows what happens with global finance it certainly isn’t impossible!

Could happen only if $ sees a lot of inflation (therefore price of bitcoin in USD goes up). Which is possible -- it did so in the 1970s when economic, geopolitical, and fiscal conditions were eerily similar.

How high do you think it'll go in Yen?

He won't do it...

So follow it

Even over 25000 dollar is good enough for me.

The forecast is erroneous in the next few months BTC may reach 1.15 million
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I don't think so that Bitcoin will increase its value by the end of 2020. With the current trend going on the BTC price, I think it will deflate by the end of 2018. And new altcoin will emerge supreme, that is my prediction.

Well, for me, even if you have that model to predict you can't really read the bitcoins' future since it has this roller coaster type of direction and we all have to just put our faith in it.

Should that happens, the global fiat system will be completely wiped out.

I don't see the possibility for BTC to hit the $1 million mark by 2020, thats 2 years from now. BTC price will definitely sky rocketed and became an asset than just a coin. BTC holder will sure be smiling

McAfee dream too much. 1mil is too much

Lets all wait till 2020. Impossibility is nothing. Dreams do come true sometimes

its take 800b dollar market cap to reach 20k per btc. i guess 1mil per btc would take over 10trillion to reach

Discussions outside the people and can not really be taken seriously
Regarding stunts at all time knowledge revealed
People are the best people of all creatures.

Would love to see price of 999k USD till 2020.

It is NEXT TO IMPOSSIBLE to say ANYTHING about this. I believe it can go there, but it might just not. I don’t know and I can bet there is none who knows it. We should just make sure we go with stuff that got the potential and logical reason behind. This to me takes towards ABEE! It’s a rideshare platform through blockchain technology. It is going to create easiness for all and the BEST part; it pays more than Uber or Lyft! To me, this is what one should look at or similar options not worrying about 2020, when you don’t even know what’s going to happen in next 15 minutes. https://www.abeeride.com/

Bitcoin is struggling to reach $ 8500. I can see that it can reach one million for 1 year, there is no way

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My question is will he really eat his dick if he's wrong???

Dear kingscrown your post full of information.

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This post is entirely speculative rather than having a sound logic behind it

Yes, it is bitcoin 1 millio dollars 2020 years.

Maybe 2017 skews those expectations. If you're interested in daily short term forecasts for Bitcoin check out.

I will live for that year until I witness what you say

The rebound is so far acceptable from $ 6,400

The 6000 strong areas should not break

If broken, we will go to 5000 and then 3000

So far we are following the rebound from 6400, the rally above 7400 again gives this rebound greater strength

The price is a double top formation at 11800. Is a double bottom at 6000 to complete the letter M?

The market is not negative in that picture and the biggest sign and evidence that everyone has reached the stage of despair and frustration

The manager of 6000, 5000, 3000

Any one of these points will have a very strong rebound and the end of the descent
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