"Blowhard" Predicts $1 Million BTC By 2020!

https://www.youtube.com/watch?v=epObQ1AujyQ

"John McAfee, founder of McAfee Associates a well-known software company  has always been Bullish on Bitcoin, in fact, he has even been confrontational on the fact.

In July, with a lot of fear and uncertainty surrounding Bitcoin ahead of its Aug. 1 chain split, McAfee came forward and stated boldly that he was willing to stake his name and up to $10 mln on a bet that the Bitcoin price will move above $500,000 within three years or he would "eat my d**k on national television."

That prediction was seen as ludacris at the time, and many were left wondering how his on-screen promise would play out - however, now that Bitcoin has crossed $11,000, McAfee is not sitting back smugly, but rather raising the bar.

The outspoken tech mogul has now said:

“When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bitcoin at $1 mln by the end of 2020. I will still eat my dick if wrong.”

Source : "John McAfee Doubles Down, Predicts $1 Mln BTC, Bets His D**k On It" 

            [ obf sez: Too funny! Mr McAfee used some sort of supposedly "predictive" model of his to predict a future price, but he got it wrong, and so now, of course [:-) ], he has a new model to use! Whodathunkit? What could be simpler ? This "techno-narcissist" knows all! [because his latest model is infallible].

The underlying psychology of this person is no different from any other person using an economic model, be they an "investment advisor", an economist or something else. Just another know-it-all [great for entertainment value :-) ].

Summary: "Houston , You Have a Problem"

And so, dear reader, if you really believe that Mr McAfee [or any other "techno-geek", let alone any regular "investment expert"] can successfully, consistently predict the financial/economic future, via the implementation of some secret [ no doubt algorithm- rich] formula, then I would suggest that you, like Mr McAfee himself, have a serious problem and should seek help.

See: "Do Not"Invest"In Bitcoin! [Or:How to Safely Profit With Bitcoin Etc.] "

Also: The Folly of Forecasting

                     

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Regards, Financial Safety Services: onebornfreeatyahoodotcom

3 Experts Predict Stock Market Collapse in 2017

Financial Safety Services Disclaimer

https://www.youtube.com/watch?v=oX_Z9iAU4YA

A Fact of Reality: Beware of All "Experts" Economic Predictions 

An unfortunate fact of reality for the saver/investor is that no person, system, or computer program can reliably and consistently predict future economic events, or the future prices of anything. Which means that relying on the predictions of these "experts" [or others] in order to make your precious savings safer, or as a way to make money, is a fools game. [Of course, you are free to stay in denial of this fact of reality for as long as you wish :-) ]

See:"Got Money You Can Afford To Lose?[How to Safely Profit In Stocks,Gold,Bonds, Bitcoin etc.] "

See also: "George Soros Versus "The World's Best Kept Investment Secret" 

Regards, Financial Safety Services
All questions/comments: onebornfreeatyahoodotcom


                                   Fig.1: Gold price versus $US- 2007-2017. Monthly, Log scale.

Financial Safety Services Disclaimer

                                          Addendum: Additional Financial Graphs:


 Fig.2: Federal Reserve Monetary base [MB], 1960-2017, monthly,log. scale, none-seasonally adjusted.

     Fig.3:Federal Reserve 30 year bond yields,constant maturity, monthly, none-seasonally adjusted. 1976 -2017


Fig.4:Federal Reserve 3 month T-bill yields, constant maturity, monthly, none-seasonally adjusted.1976-2017.

    Fig.5: Federal Reserve M1 money stock, billions of $'s,  monthly, none-seasonally adjusted, log. scale. 1960- 2017.

Fig.6: Federal Reserve M2 money stock, billions of $'s,  monthly, none-seasonally adjusted, log. scale. 1960- 2017.

 Fig.7:Federal Reserve MZM money stock, billions of $'s,  monthly,none-seasonally adjusted,
 log. scale. 1960- 2017.

             Fig. 8: Standard and Poors 500 Stock Index closing prices, monthly, 2012-17 . Log. scale

            Fig.9: Dow Jones Industrials Stock Index, Monthly closing prices, 2012-17. Log scale.

            Fig. 10: NADAQ Composite Stock Index closing prices, monthly, 2012-17. Log. scale

                           Fig.11: Exchange rate: $US  versus  1 Euro, monthly. 1998- 2017


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