Bitcoin Forum

Price predictions from Binance CEO Changpeng Zhao, he think it's very easy to predict about bitcoin price but just matter of time. According to him Bitcoin will touch $16K soon. And I believe prediction of "Changpeng Zhao" is more potential from some other.



 https://i.imgur.com/UPdu4Z6.jpg      (https://mobile.twitter.com/cz_binance/status/1190241798582489088?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1190241798582489088&ref_url=https%3A%2F%2Fu.today%2Fbitcoin-price-predicted-to-go-to-16000-soon-ish-by-binance-ceo-changpeng-zhao)


I am bit confused about second part of Twitte regarding 1.4 billion people.  Does he mention about DCEP coin ? Which is going to launch by Chinese Central Bank ?

Probably he just referring to this article as what Binance CEO said that it is easy to predict but it's just hard to be right and timing. IMO
https://www.newsbtc.com/2019/10/31/bitcoin-pump-halloween-prophecy-of-asuka/. Posted on this thread (https://bitcointalk.org/index.php?topic=5197958). Or probably his prediction is a coincidence to this post called Asuka's prophecy. Good to see two different predictions has the same thought.

Every one of us can predict by simply giving random numbers whether that is bullish or bearish predictions. But it doesn't mean it will give an accurate prediction. But honestly, I am hoping too that Bitcoin will touch on that price level or maintain from that range. Yet, nobody knows.

@Coolcryptovator while this is a speculative statement, but considering it’s coming from Binance CEO himself there’re chances we may see something big happening in coming days. I did a quick google search to find out China’s population and google shows there were 1.39 million people in 2017 in China, hence you’re correct he’s referring to China’s Central Bank project only.

https://www.statista.com/statistics/263765/total-population-of-china/

Don't be fooled by his position--he doesn't know what bitcoin's going to do any more than the rest of us guessers can predict.  I'm kind of surprised that the CEO of an exchange would be publicly speculating on the price of bitcoin, because that seems like a little bit of a conflict of interest to me.

Makes me wonder if he would have made an extremely bearish prediction if bitcoin was headed toward sub-$7k levels.  I have a feeling that he'd keep his mouth shut.

Meh, I doubt it.  And if bitcoin does experience a dramatic rise I don't think it's because of his statements or that he knew it was going to happen for sure.  Not that I'd be complaining either way, mind you.  lol

Bitcoin price prediction is the hardest part. You can predict the bearish and bullish market. Predicting how bearish or bullish it will be is near to impossible.

16k USD looks good to me but it will be much higher if DCEP is a factor here.

he is just another newbie making price guesses, owning the biggest altcoin exchange doesn't change his lack of understanding of bitcoin and its market. i still haven't forgotten how he was demanding a roll back just because his shitty exchange was hacked ;D

he is under the impression that some random news in the media about China and blockchain technology should automatically mean Chinese buying bitcoin and price shooting up to the moon!

I don't think it has anything to do with China's DCEP.

He's referring to Binance's launch of peer-to-peer CNY markets for BTC, ETH, and Tether. They are also supposed to be launching a Chinese OTC platform any day now.

https://cointelegraph.com/news/binance-launches-p2p-trading-for-chinese-yuan

Probably this statement are refers to their president statement that said their country will develop blockchain technology to their country.
I'm sure CZ is one of the people that choosed by the president to develop it, and i think he will directing to bitcoin currency as a first blockchain technology in this world.
We hope his price prediction is gonna be really happen so the world's eyes would look to bitcoin again and it will attract new investors

Bruh. Predictions are easy enough, I could predict a lot but that isn't really what we are looking for in predictions. We look at the time, at its when. We all know bitcoin could reach 16k, or even higher, we all know that. Although he did state some clues like the 1.4 billion people taking action, and looking at other comments, I guess its the news about China. Some have also commented its about the Binance push in China population. We don't really know but I guess I'd like to see what he's saying about the 1.4 billion people. Although both of them are literally about China though, one is about the coin, one about an exchange pushing itself inside.

Am taking a wait and see attitude with this announcement of his though.

The guy must be referring to China and its potential impact to Bitcoin if ever the country will soon recognize Bitcoin as part of its overall vision of becoming the first country to ever launch a very successful state-controlled and centralized cryptocurrency. China may choose to recognize Bitcoin so that people can be buying its own cryptocurrency en masse. Looks like we have intelligent people now manning the cryptocurrency project of China.

About CZ, he seldom makes a prediction much more with Bitcoin and that is why many are looking at him as more credible and more believable. But as what he himself said, making predictions is the easy part making them come true can be another story. I know that you and I can also be making any predition but we do not have the stature which CZ is holding. Who knows this can even be a self-fulfilling prophecy besides $16K is not that hard for Bitcoin to achieve, anyway.

The bottomline: Let's see what will be whether this good prediction can be coming true. Only time can tell.

price will reach $20k soon and will move way beyond that but it won't be because of what this guy thinks...

CZ is a shill artist same with his BFF justin sum and uncle McAfee. They always post some kind of hype news for BTC then count 2 to 3 weeks then price will go opposite. I believe he currently setup long position on leverage trading then after he take profit. He will be silently dump again the market.  >:(

Was suppose to say that same thing where we should not be blinded because of his current position in the market. Anyone can predict no matter how reputable or just an average joe. Usually on these kind of news can either make some Fomo or not to the community. If a trader that do always matter with fundamentals then surely he would utilize this one. Its a matter of choice though because these big personalities doesnt commonly give out predictions.

Binance CEO Changpeng Zhao predicting the price of bitcoin is very rare and remarkable unlike Tom Lee who is synonymous with spilling out unrealistic predictions I am convinced that Binanace CEO must have done his home work ie analysis before making such a statement he has indirectly attributed one of the fundamental reasons tied to his prediction on 1.6 billion people which I believed is coming from china I hope his prediction come to pass its gonna be a huge boast to bitcoin hodlers and its very obvious other altcoin will be bullish too.

14 million people will make the price of bitcoin up to $16,000 soon ,I'm happy if that happens fishing whales with a group of whales ,the statement would certainly make people suspicious and take action based on his predictions but below that price

I don't trust in any analysis, because there's no sense to predict the price of BTC unless for fun, we can follow some trends to maximize our chance of profits, but it's good when an important person like him says BTC will increase in price because people will be more confident to invest

CZ started losing credit the time when he started Shilling BNB. If you have a good product you don't need to tell people to buy it. We know he is one of the big investors in Bitcoin & trying very hard to move the price up. Probably he didn't sell at ATH in 2017 and lost patience. Another thing came in mind when big investors like him predict the price like that 2x in a few months. Looks like CZ is started selling or trying too hard.

Bitcoin price always goes opposite what mainstream media predict price movement.

Another well-known person that has a prediction on the price of bitcoin. Anybody can predict the price of bitcoin and it is easy to say but hard to happen. The 16,000$ per bitcoin is possible but it takes a couple of months to achieve. Even there any many people speak on that price still the price of bitcoin is unpredictable. Lastly, do you think at the end of this year we might see the 16,000$ per bitcoin? because for me, even though we do not see that price I want to see a good price before we end this year.

He's referring the Chinese Government own-crypto.
Changpeng Zhao is way above our levels and that's why IMO he can be right. My only concern is Chinese Gov to not go very hard against any other crypto in an attempt to impose a hard adoption on their own coin.

He speak the truth, it's true that easy to predict bitcoin price based on the market sentiment towards some circumstances in the future, even without any institutional investors or bitcoin futures, bitcoin will rise slowly but steady, but that's not the condition in the crypto sphere these days.
Bitcoin surely will reach $16K but we don't know the exact time when it takes place, probably this month, next month or even some point in 2020.

That's cool but what exactly is the date? CZ was right it is easy to say such prediction but no one can prove it or even tell when is the right time. Maybe this coming December or in this coming 2020 we will going to see that price. I also believe on CZ prediction since he could barely tells a prediction but it was on point.

He is clearly referring to the Chinese people. That's a huge sleeping market for now. But that has already been somehow awakened by the announcement of their very own President Xi Jinping. That support statement to the blockchain technology is gonna cause a ripple across China that will somehow bring the message that Bitcoin is legit since Bitcoin is the twin of blockchain.

He does not refer to the DCEP coin. I bet CZ is against it deep inside him.

Seems like it's not easy to escape this guy or his exchange. I don't really know why I dislike him, to be fair, he's a little more humble than most, and doesn't seem to mind taking the piss at himself, but maybe because he's such a Chinese businessman (and I mean that with all due respect haha).

But point stands. Anyone can predict and a lot of people do. Silly to play the game unless you really ARE playing the game. Like the one good old micgoosen does every quarter;)

If he mentioned that 1.4 billion people working on that, it is quite clear that he thinks China will have an impact on price very soon. They have launch peer-to-peer last month, and by CZ they have “few million dollars a day” of volume. So this thing is live and running, and Binance is coming back to Beijing with the opening of their office.

It is more than obvious that there have been major positive changes between one of the largest crypto exchange and the Chinese government. I don't think CZ said anything like this by heart, but he is already fairly certain that money from China will flow in the BTC direction again.

https://www.coindesk.com/binance-to-open-beijing-office-amid-chinas-renewed-blockchain-push

Right, which is why this is a garbage prediction, nothing more than a pump attempt and very odd coming from the ceo of binance.  I'm puzzled as to why he would predict $16,000 for bitcoin but not tell us when he thinks it will hit that mark.  I agree that bitcoin will get there, but it could be next year, the year after...who knows, right?

That 1.4 billion people reference probably means Chinese people?  In any case I think he's wrong, because I *very* much doubt there are even that many people on the face of the earth who even know about bitcoin, much less own it.  This gentleman seems to be talking out of his ass here, and some people really should limit their twitter usage.

And with all due respect, when a Chinese businessman computes, he computes it thoroughly and modestly. I mean, Chinese businessmen do not compute out of thin air. They do not invent figures that are far-fetched. They do the computation the way they do real business computation using an abacus.

There are others who are also computing. John McAfee has his own computations that are claimed to be infallible. Mike Novogratz has also his own computations. Frankly speaking, they are both saying hollow blah blah blahs, at least as far as their Bitcoin price predictions are concerned. CZ's figure is at least attainable as regards most individuals' expectations. 

That prediction could have happened because the one who said was Changpeng Zhao CEO Binance he had better expertise than us so it was more in the direction where bitcoin would occur $ 16k is the right price for the next few months.

Maybe 1.4 billion people will continue to work and will buy bitcoin because China already has instructions on adopting a blockchian.

NO ONE knows what bitcoin will do, after all it is just a matter of some people buying or selling bitcoin suddenly.

If a whale with 30k bitcoins to his name (there are few of them around) decide to sell all of it, then we are done. Even binance itself makes so much bitcoin as a profit that people forget they would have to cash out eventually, they have thousands of bitcoins every single day from trading fees and withdrawal fees so they need to sell that to dollars or euros or whatever they need and get some of it back in fiat to pay for stuff like taxes and salaries and what not.

Finally, there is no possible way anyone could know what bitcoin will do because some rich person could make it $15k or $5k in matter of moments if they ever want to manipulate the market.

The tweet does make sense though. It's really easy to predict and anyone could predict without a proper TA. But the hardest part is the timing on when will your predictions become correct.
About the last statement Changpeng zao is chinese so he do knows what will the next move from china in cryptocurrency. 1.4Billion people can move the market to a new ath.

Or maybe CZ was referring to the time traveller's prediction that we should be hitting $16k by now?  ;D

Anyways, CZ has some intentions from behind, and we all know that, but if it did happen then good, and we all know that at some point $16k will be breach eventually. So I don't see anything special about his tweet, so I'm not sure if he is referring to China here or something else.

every time I predict both technically and fundamentally, but until now maybe even until the end of November I have not found supporting factors that indicate that the price of bitcoin will reach $ 16,000.  however, the potential of my prediction until the end of 2019 is the highest point of $ 22,000.  even if it can be achieved, if it is not achieved it may still be stagnant in the range of $13,000 - $16,000.

It could be. ;D
Just like what he said, it's easy to predict but it's hard to know when. But I trust his prediction that the $16k is just around the corner maybe by next year we'll be able to see that $16k soon as the market price is always playing at the $10k range down to almost $6k.

He's not wrong actually! Tom Lee of Fundstrat has been doing it for ages, predicting that bitcoin will be worth X in Y amount of years, but then only a few of it ever became true. It's easy to predict, it's hard for your predictions to ring true unless you're some sort of Nostradamus-apprentice. You don't need fancy graphs, deep knowledge in market movements, market sentiments and all of those traditional trading indicators and shizz they feed you on StockEx and Forex 101 if you're just going to predict the price.

$16k is doable. Heck, we bounced back from $3k to $10k in a year.

probably china people with interest in the blockchain , or us as a cryptoManiac.



yes , i also think like that , when a big people make a sentiment like that , it's seems , well let's say "there is something behind something" , i am not sure what is it , but its seems strange to me. or maybe i am too paranoid again , or probably CZ in the good mood since binance and china goverment colaboration for the china digital currency project.

You say almost $ 6000 is not right, because what I see is still above $ 7,000 and then up again until now around $ 9,000.  In fact, I think in order to reach $ 16,000 it must be strong at the price of $ 9,000 so that prices will tend to rise, as I said before, potentially reaching $ 22,000 by the end of 2019.  if you can't reach that price, I'm sure in December it will be in the range of $ 13,000 to $ 16,000.

I gave up such so called Bitcoin experts and their prediction long time ago. Just like this one they are usually without any serious ground and not worth following. Such predictionssituations will only confuse you.
16000$ is not impossibe however the market isn't inclined to such development of price rise and I think it's not going to happen.

Right, I think for most of us who have been long in this game, this kind of experts have a reason behind pushing their predictions to exorbitant number like in this case CZ. I mean he is running the top crypto exchanges so obviously he needs to tweet something that can wake up crypto sphere here. $16000 is within reach and it's very possible that we can hit it next year. But it takes time though, good that he is bullish about bitcoin but it will take months to go and hit that price and it's not possible to year.

This is possible as he is also a Chinese that probably he knows that the Chinese business magnets are now answering the call of China's president President Xi Jinping that the country should "seize the opportunity" of bitcoin's blockchain technology. Just imagine how huge is China's contribution to Bitcoin if they will priority the market other than any form of investments. Lets wait and see while keep on holding our Bitcoin assets.

This prediction of Zhao is close to reality due to the oncoming halving. Actually, not only Zhao, but most of the community is in that thought, and in 2020 we think we will see a good price. I think so too, it is best to follow his estimation.

Most likely, the second part is about China so, it has no other purpose in emphasizing 1.4 billion people.

In my opinion if you are the CEO of an exchange you really shouldn't post any price predictions. Most of the CEOs of traded companies (besides maybe Elon Musk) never post stuff like "Buy AAPL stock, it will go up 20% soon".

There was also Arthur Hayes which is the owner of Bitmex and he makes predictions also from time to time. And from what I remember he was wrong with most of them. I think in early 2018, he predicted BTC would hit $50K, then he predicted it would hit like $2K, and later after it rallied he had some other prediction that I don't recall.

I think when CEOs of exchanges post this stuff its a conflict of interest in my opinion and it can lead to trouble if their predictions arent true and leads to large losses for their customers who follow those predictions.

Instead of shitposting, you should try to read other people's opinions. Let's say you could only read one post above what you wrote, and maybe you can connect some points which would lead you to the conclusion why CZ says what he said.

1. Binance returns to China.
2. Binance has launched "peer-to-peer CNY markets for BTC, ETH, and Tether" in China last month.
3. 1.4 billion people live today in China, it does not mean that everyone knows for Bitcoin, CZ just emphasizes China's potential in human resources.

In the end, it is one man's opinion, it should never be too important. Do you think the price went up even for a $1 after his tweet?

Just taking his position to claim something foolish. Been wondering where is him when sudden pumps was about to happen though.
Totally agree with this. If it ever happen someday it might be his coincidence. He just claim something that ain't have any such sophisticated analysis. Claiming because he has the position close to crypto currency. And if bitcoin market went opposite from his prediction he will as well go downward behind from his words though.

in this  case Binance CEO trying to make hype in marker.from previous statement,  this CEO trying to recover marker with their own way.and he is very smart ,the thinf he do at first time was,he continuesly said positive side in crypto market.as CEO reputable exchanges ,his statement accepted by many traders.and they will start to folllow what he said before.as exchanges CEO ,he has interest for his market.so in my opinion its no mattter for us if CEO released statement that could make market recover.

CZ has a point there. CZ just wanted bitcoin to reach $16k earlier that he tweeted it to create hype on the 1.4 billion Chinese, and to the rest of the world to believe that the Chinese are here. Either way, I hope the Chinese government won't make another stern statement on bitcoin. Because there was actually no change of heart on the Chinese government's stance on bitcoin and other decentralized crypto currencies.   

That statement is very much political because of that 1.4 billion, although I know that time will come when adoption rate will become very high that the community of bitcoin would really reach that, but that I would say it will be anytime soon, we still have lots of years to see to this, but this statement of soonest is something that is very political, and I think he is referring to china release of their coin, but if I am to speak of the china coin, I still don’t see how this coin will have any effect on bitcoin because china may want to push their coin forward because they like to stay on top and have the power to the as we know that they have always loved power, which might make them want to make this decep more popular than bitcoin with all media tool.

exchanges earn more money when more people trade on their platforms. their predictions do two things, first is that they are advertising their "brand" name to the public for free as every shitty news site just copies their guess and posts it on their website that is getting views every day. and second is that if someone listened to their wrong predictions they would be making more trades (first bad decision followed by their multiple attempts at fixing that mistake) and that means more profit!

This is the point that they will really push for adoption so hard and if binance ceo thinks that they will pair with bitcoin, they should better be wise, so rather than supporting this project, we need to be talking of how we can ignore it and promote it for new investors to get more awareness about it much more than bitcoin.

I am not sure if the china residence too would even want to accept the project more because of its centralized technology, except maybe they will want to by law impose it on their citizens which I think it would be a very bad idea as they will not be giving them the right to have some freedom of choice on what they fell it is best for them. I am so skeptical about this china coin, and too early to start creating hype for the m and don’t mind Binance CEO, I think he is just a politician and trying to issue that statement because if his intention to open an office in Beijing.

Predictions cant really be wrong anytime because things can either go both ways.Yes i agree that such public predictions will give out some benefits into their part.
We wont know if these words are just simply being tell publicly without any intentions but it does really had some impact.Im not fan on believing to any guesses or predictions
no matter how popular they are theres no such thing as precise one.