Bitcoin price would touch $16K soon- By Binance CEO Changpeng Zhao

[Hamphser]

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.



     


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 ?

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.

[Getmon]

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.



     


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 ?

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.

[buwaytress]

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;)

[Lucius]

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

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

[Pearls Before Swine]

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.

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.

[Getmon]

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;)

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. 

[bassbity]

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.

[beerlover]

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.

[Fatunad]

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.


     


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 ?

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.

[Jating]

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

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.

[AakZaki]

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.



     


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 ?

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.

[Oceat]

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

It could be.

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.

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.

[dothebeats]

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.

[ashmodeus]

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

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.

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.

[AakZaki]

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

It could be.

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.

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.

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.

[bitbunnny]

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.

[Kemarit]

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.

[marcbitcoins]

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.

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.

[tenakha]

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.



     


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 ?

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.

[adaseb]

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.