For those who do not know what John McAfee promised

John McAfee, Creator McAfee Security and contender for President of the USA of the libertarian party published twit in which he promised to eat his penis, if bitcoin will not reach 500 000$ by the end of 2020.In late November, he suddenly decided to raise the price to 1 000 000$ dollars in three years.

What are his chances of success

To analyze the rate of for long periods used regression.On the website Bitcoinforecast have estimated the price of BTC by April 2018 - 33 000$. If we continue, we get the results in the order of 70 000$, 250 000$ and 710, 000$ in 2018, 2019 and 2020, respectively. Incredible figures, but they will allow John McAfee to save his dick.

Logarithmic regression

Famous picture which produced reasonably accurate forecasts for the price of a BTC by using logarithmic regression.The results obtained are much more similar to reality.

When we have to sell bitcoin?

In addition to other circumstances, an important role will play the psychological factor. According to surveys, the average Hodler plan to sell bitcoin when the price reaches about 200 000$.

In General,how events will develop in the future is unknown and the price 1 000 000$ for bitcoin looks fantastic, so let John McAfee take care of his genitals.

Follow me!

Facebook - https://www.facebook.com/edward.rubis
Twitter - https://twitter.com/EdvardRub