Binance CEO Makes Rare Price Prediction—Says This Is When To Buy
Can you give me one example of a guy running a business, be it car dealership, meat, coffee2go, condoms that is coming to twitter or any other social media and tells you "This is NOT the time to buy my product!"
And I'm amazed he comes with this non-sense
However, CZ warned that "historic events do not predict future events, so don't take that too literally," but explained the bitcoin halving will mean "it costs miners almost double what it does now to produce one bitcoin. Psychologically, those miners won't be willing to sell below that price."
No, it won't COST miners double to get the same revenue. What is halving is the revenue, it depends a lot on how much the costs are compared to the profit.
For example, if it costs me 5k in electricity to mine a full
BTC I have a 4k profit.
After the halving, my costs will be the same but I will make the only 4.5k, so a loss of 500.
The is no doubling, there is no real math formula to calculate the impact.