CZ's view on Halving

[cheezcarls]

In my own opinion about the next Bitcoin halving, I do not think we could experience some new ATHs again like what we have experienced after the 2020 halving. Maybe it can pump a bit but that’s not going to be that much anymore, but correct me if I am wrong later on.

It took like a few months before it broke the then-ATH of Bitcoin and soared up to $30k. Then Elon Musk enters the game and the BTC pump went crazy and wild due to his big influence as well as the rise of P2Es and memecoins too.

I am still holding BTCs for now so it would be interesting for us to see when the halving day comes and after that.

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[doomloop]

I posted this on another thread, but it seems more appropriate here.
It seems to be pretty neutral at the moment. But everyone seems to  think that the halving next year will trigger a massive bull rally, and this confuses me.
If everyone already knows about the halving, the wouldn't it be baked in? I seem to be the only one that thinks it ain't gonna make a difference in the price

It's not about what everyone thinks, it's about what they will do when the halving is near or has already happened because it's mostly the actions that affect the market and not the thoughts of people, the thoughts only provoke actions which in return change the dynamics of the market. As soon as people start buying more and selling less, the market will start going up because the demand will keep increasing while the supply will stay limited due to a smaller number of sellers than buyers.

That's why, what you are thinking isn't right, the fact that everyone knows about halving will make the changes more clear and effective, the more people come to know about it, we will have more curiosity and more hope and we all know that when there is hope, people tend to have high expectations and for their expectations, they put in some money as well.

[Ucy]

Well, things would be different this time around. The last halving was quite different because what would have caused a drastic increase was ignorantly withheld.
The price of Bitcoin could be drastically increased shortly after the next year halving, if necessary. There is an overwhelming need for the increase, especially to avoid losing too many miners due to mining becoming unprofitable for them. They help secure Bitcoin even though we could still do without alot of them if the network is well decentralized.
I think we could just allow the low supply to determine the price next year, couple with deliberately creating high demand for bitcoins via our good contributions within the halving period.

[CoinFoxs]

CZ shared his thoughts on bitcoin halving which is expected to happen in april 2023, the halving is a significant event for the cryptocurrency market. He said after halving bitcoin price will start growing and traders will get good profit as bitcoin reaches again it’s all time high price!

[gunhell16]

I think, in my opinion, bitcoin is also expecting a high ATH in the upcoming Halving, but this expectation means that before it is achieved, we will also have to face anxiety, hype, and hope. So if, for example, Bitcoin reaches 60,000 dollars during the halving period, it is possible to be x 2 for a total of 120k$.

This is seen as his prediction explanation for the upcoming halving, although he did not mention a certain amount of price. It seems like this is what he wants to emphasize, but I'm not sure.

[dezoel]

CZ is very right. I think new people have joined the crypto verse within the last 4 years, which literally means that large numbers of crypto ethusiast don't have halving experience. Halving news is gonna get more hotter as we drive closer to the very moment, which will put more pressure in the market, making most people want to buy more Bitcoin.

I think it doesn't matter if they have an experience about it or not. As long as they can follow the simple principles of investing which is to buy low and sell high, they are good to go already. They can also read about the history of crypto. That way they are aware of what have occurred in the past. So, how's that? I think it's true that halving can cause a positive impact in the cryptos, and that is why we notice that each halving, a lot of people are always excited about it.

This is a good thing because it gives the price a good head start before the main even comes which will lead for a much bigger bump. People should buy now. I wouldn't want to wait to a point where the pressure is already high.

[arabspaceship123]

If it's from CZ's Twitter he said history doesn't predict the future. Halving isn't a time that's going to make good profits it's a road full of risks. CZ's saying you shouldn't take it for granted you're going to see multiple ATH but that's what we should've learned already.

CZ shared his thoughts on bitcoin halving which is expected to happen in april 2023, the halving is a significant event for the cryptocurrency market. He said after halving bitcoin price will start growing and traders will get good profit as bitcoin reaches again it’s all time high price!

[Jating]

^^ For those who have witnessed 2 halvings already, I think it's fair to say that CZ got it at point. I mean, currently we have a lot of noises already with that halving then coupled with the supposedly Bitcoin spot ETF approval.

Then days after the halving there will be no sudden and massive price increased, it will take days or months before we can finally see what bitcoin bull run really means, as the price will go up.

And then when you thought that we have seen the all time high already, then think again. The price could really explode in 2024, and we will surpassed the previous all time high of $69k. However, the price will continue to go up till the end of 2025.

[bettercrypto]

In my own opinion about the next Bitcoin halving, I do not think we could experience some new ATHs again like what we have experienced after the 2020 halving. Maybe it can pump a bit but that’s not going to be that much anymore, but correct me if I am wrong later on.

It took like a few months before it broke the then-ATH of Bitcoin and soared up to $30k. Then Elon Musk enters the game and the BTC pump went crazy and wild due to his big influence as well as the rise of P2Es and memecoins too.

I am still holding BTCs for now so it would be interesting for us to see when the halving day comes and after that.

CZ's point is what he said. Now, if you have a little doubt about the upcoming halving next year and it won't be the same as the previous halving, that's your opinion. It's just that at the end of the day, even if you have doubts, you still save and hold Bitcoin for the possibilities that can happen, right?

The only thing I'm sure of is that what ATH was this last halving will be higher this coming halving and bull season. And this is also what the majority of the community here in the crypto space is expecting.

[arabspaceship123]

I don't know if the majority of the community in the crypto space is expecting it I'm hating to be on the opposite view. ATH isn't guaranteed to occur so you can't compare it to the previous halving. Investing's a risky thing so before ppl do it they've got to research or else they'll take a loss.

The only thing I'm sure of is that what ATH was this last halving will be higher this coming halving and bull season. And this is also what the majority of the community here in the crypto space is expecting.

[pawanjain]

CZ is just saying what has happened in the past and also clearing the fact that it does not predict the future.
That's known to every bitcoin enthusiast. Key takeout from this is that we must buy bitcoin now while it's cheap.
HODL till it goes to the next ATH and that's how we are gonna make money. HODL is the important factor here.

[arabspaceship123]

If ppl were interested in what CZ was saying they would’ve taken the chance by buying bitcoin for the halving which’s coming soon. It’s a known fact there isn’t a fool proof formula that’s available which’s going to guarantee halving’s giving double or triple profits. 

CZ is just saying what has happened in the past and also clearing the fact that it does not predict the future.
That's known to every bitcoin enthusiast. Key takeout from this is that we must buy bitcoin now while it's cheap.
HODL till it goes to the next ATH and that's how we are gonna make money. HODL is the important factor here.

[tjtonmoy]

History repeats itself over and over again. Also, this is common knowledge amongst Bitcoin investors or holders. Those who have stayed long enough in the crypto space already know what's coming. It will happen, but the question is when. It could take a year all over a year for this to happen, but the main trigger is the Bitcoin halving.

Either you invest right now or some days before the halving, it really doesn't matter if you are willing to hold it for a long period of time. That is the point of Bitcoin investment. You hold long enough till you see gains. It's all about giving time to your investment and wait. No one can predict the future but it is true that history tells ask a lot about what's coming. We wait and watch it all coming to reality little by little.