CZ's view on Halving

[BlackHatCoiner]

CZ publicly admitting he can't predict the future is a key phrase for the crypto-community. The person who owns literally the most profitable crypto-exchange, with net worth estimated to be more than $10 billion does not know what will happen; let alone you.

It'll be my second halving, but I'll have to agree with his points. Basically, he says that everything's possible after the early, post-halving days. In May 2020, it took a couple of months to break $11k IIRC, but it was also Covid and everyone started looking into cryptos, so again, we don't know what's gonna happen this year.

[AmoreJaz]

CZ publicly admitting he can't predict the future is a key phrase for the crypto-community. The person who owns literally the most profitable crypto-exchange, with net worth estimated to be more than $10 billion does not know what will happen; let alone you.

It'll be my second halving, but I'll have to agree with his points. Basically, he says that everything's possible after the early, post-halving days. In May 2020, it took a couple of months to break $11k IIRC, but it was also Covid and everyone started looking into cryptos, so again, we don't know what's gonna happen this year.

no expert or no billionaire can predict the future. so yeah, let alone a regular crypto user. so do not boast to anyone that we know what will happen next. also, we don't know when it will hit the ATH or new ATH, or if ever it will hit such price level.
at least he's being conservative also with his views on this market. and such, do not mislead people given his influence over this market. he is just like any ordinary crypto user who can give a valuable advice in the upcoming big event for bitcoin.

[Ale88]

This isn't CZ's view on the BTC halving, this is the common knowledge or view about BTC halving based on past events, and any person who spends a little time to read about the halving and what happens before or after the halving would know this. If history repeats itself, which it usually does, it could follow the same pattern again.

You are absolutely right but at the same time I appreciate CZ's honesty because too many people with a lot of public exposure and big online following make pretty unrealistic statements just to hype people and push them to buy. That is bad for the whole community because newcomers will lose money for sure. CZ is far from being perfect but if more people were like him probably it would be better for everybody.

[SamReomo]

This isn't CZ's view on the BTC halving, this is the common knowledge or view about BTC halving based on past events, and any person who spends a little time to read about the halving and what happens before or after the halving would know this. If history repeats itself, which it usually does, it could follow the same pattern again.

You're right everyone who knows about Bitcoin and its price history will say the words similar to the ones that CZ said. We all have been chatting about halving event many times and most of us know that the BTC's price will reach it's ATH high after an year from the halving or a few months more than a year. I believe that October-December are the months in which we will see the next ATH if history repeats itself once again. Still, I think CZ also thinks similar to other Bitcoin holders and I'm pretty sure that he might be secretly browsing this forum on weekly basis if not daily.

[JoyMarsha]

I like how CZ makes an effort to bring up the subject of the halving season at the appropriate time so that people who are not aware of it might take note. Some individuals be wanting for a change in the price of bitcoin by the time the halving season comes around because they believed it will work its magic on the crypto market. The information provided by CZ will, at the very least, help newbies avoid getting discouraged when the price of bitcoin doesn't increase suddenly as they had anticipated during the halving season. Since the crypto market remains unpredictable.

[famososMuertos]

I think the most Bizarre thing from the point of view of what the character means for what we should essentially enact in this forum, Decentralization, the OP's character uses CEX as raw material to attract clients.

Come on! Cz's vision... it is a shame that so much power (crypto) is concentrated in a single person, so, is what should be reduced by half/ (halving).

If CZ are going to give an opinion on something that requires it, let it begin explain the difference between CEX and DEX. You cannot give free publicity to an individual who treasures centralism.

[Forever101]

Which ever way it happens, as a Bitcoin investor, we should be on the look out for this time. This analysis regarding Bitcoin halving in the past 3 halving is correct but no one can tell how it will be this time, so it is best to keep buying until the bull run begins. Bitcoin halving is closer than ever before, so all investors should get the right knowledge to avoid any form of regret over your actions

[panganib999]

I came across a feed today that shares the view of the Binance CEO on halving and I thought I should share it with you guys as I see it informative and no information is too small.



I can't agree more on this as part of what he states is happening now. The "chatter, news, anxiety, expectations, hype, hope" and speculation are now littering the internet.

Insightfully, this also advises calm and a need not to miss out at the same time for at least a full year.

This isn't necessarily CZ giving his take on the bitcoin halving, this is literally what's been going on in the past halvings that we have. It's true that people wonder why bitcoin's not pumping yet after the halving, this is most apparent in the 2020 halving event when people literally went bonkers cause not only did the anxiety of halving a global pandemic crisis hit them in the face, they are also kind of banking on bitcoin for financial aid during times when the idea is a little off the table.

What I really like about this tho is the fact that the trend is happening yet again. People are becoming more excited and anxious about bitcoin and the halving event. It seems like we're yet again inbound for another repeat of the history (which in this case is good cause it means money for us lol)

[CryptopreneurBrainboss]

I came across a feed today that shares the view of the Binance CEO on halving and I thought I should share it with you guys as I see it informative and no information is too small.

This is something a majority of us that have experience in the market knows, he isn't the first person to predict the market in this exact way, if you have gone through some halving cycle yourself, you'll be able to come up with this because that's how the market react always. Alot of new investors will be coming into the market because they won't want to miss Bitcoin halving thinking the market will react positively immediately the halving has happened but they'll be disappointed and this will cause a negative effect on the price of Bitcoin. It's sometimes that happened always and we're expecting similar outcome this halving cycle. Many traders will also be taken out of the market because of fear as the price of Bitcoin experience a correction which is normal after a sudden spike that'll happen due to halving fomo.

If CZ are going to give an opinion on something that requires it, let it begin explain the difference between CEX and DEX. You cannot give free publicity to an individual who treasures centralism.

He won't instead he'll rather promise them protection when his exchange isn't secure an his said proof of reverse hasn't been tested and verifiable that he has all the money he's claiming his exchange has as an insurance funds for their customers. Cz knows how to seize the moment to get more customers into his exchange. He won't speak on issues that are more concerning like we having self custody of our finance but it's about halving that hypes the average Joe he'll talk about, knowing news media will do the publicizing for him like this thread as an example. More publicity exposed his CEX to inexperienced newbies that'll use their exchange and probably keep their coins on their exchange and give Binance access to more funds to continue their monopoly of the industry.

[KingsDen]

This is not only peculiar to CZ. I mean anyone that has witnessed more than two halvings should be able to understand the process and timing of halving effects on bitcoin price. Apart from reading this alleged statement from CZ, I have read countless theories looking like this but we need to understand this few things.;

• CZ said he doesn't predict the future, which is like a disclaimer. He is telling you that his statement shouldn't serve as your investment advice. You need to DYOR
• Number two of what CZ said is already happening. Chatters have taken the lead and it will keep building up till halving and after halving and there will be no significant price increase. 

Well, my expectations of halving and bull run is cutting short. Anything can happen, so as we are expecting the bull we should also prepare for the worse.

[BigBos]

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.

Only time will tell if he's right or wrong. What happened in the past is no guarantee of what will happen in the future. The same situation can produce different results because there are many different variables. What CZ said is generally what is expected, but this doesn't mean that it will definitely happen again. The actions of those who entered the market in recent years and have a few coins aren't very important. What is more important is what those who hold large amounts of coins and have the possibility of influencing the market will do.

It is true that in this case what happened in the past is not necessarily what will happen in the future but looking at the conditions actually when talking about this progress the possibility will still be the same especially from the few halvings that have occurred it has always been like that even though we don't know what will happen in the future at least by looking at history there is something good and worth waiting for.
On the other hand, what CZ said was indeed hopeful but in this case he also said things that had actually happened in several previous halvings which made this assumption even stronger because there was already previous data.

[GreatArkansas]

I can't agree more on this as part of what he states is happening now. The "chatter, news, anxiety, expectations, hype, hope" and speculation are now littering the internet.
(.....)

It's like I can see these upcoming price actions of Bitcoin is more like "buy the news, sell the rumors".
For most of us, the basis is months before the Bitcoin block halves we will see the price of Bitcoin will start to pump but it doesn't mean the pump will create new all-time highs.

[Ale88]

Come on! Cz's vision... it is a shame that so much power (crypto) is concentrated in a single person

I don't think that fair distribution has even been one of bitcoin's main qualities: since the beginning there have been people with a huge quantity of bitcoins and today very few people can afford to buy a full bitcoin, and if you have many bitcoins you also have power. Maybe not the same exposure of CZ since he created the biggest exchange but if you are a whale you can try to manipulate the market.

[Isuru_]

Overall, Bitcoin halvings are a mixed bag. They can have positive and negative effects on the price of Bitcoin, and they can also make it harder or easier to mine Bitcoin. It's important to weigh the pros and cons carefully before making any investment decisions.

CZ's tweet is just his opinion, and there is no guarantee that Bitcoin prices will rise in the year after a halving. Investors should always do their own research before making any investment decisions.
DYOR

[KiaKia]

Ok now this is getting serious, it seems people are now focused on the next Bitcoin halving as the start of the next rally, I believe it's not going to happen then since many people are too concerned about this time, CZ only used the past history and that doesn't mean the same will happen in 2024, I believe there will be a delay.

When people focus their minds on the same thing it doesn't always go as they plan, the market could crash even further after the halving and that will be nice to see because I will always be ready to take advantage of the dump.

Do not follow what people are saying, have your own plans in place, when loads of people go the left way you should go the right, be prepare for any possible future dumps, because it can be the biggest opportunity, way better than 15k we all called the bottom.

[Ayers]

Either this is coming from CZ or not, halving is going to take place next year and obviously almost all the three items listed above are coming to pass, though am also surprised that cz is talking like this for the first time not considering his own interests first being an exchange or introducing something that could help distract people to invest on his Binance coin, alot of people have been giving their own side view also concerning halving and if this is all coming from CZ, then i think he's less considerate about himself this time.

If you follow all his tweets regularly, you will realize that he doesn't just talk about Binance, BNB, BSC...or things related to his company all the time. He also frequently tweets about what's going on in the crypto industry and has nothing to do with his business. I know many people don't like him because he is one of the owners of the largest centralized exchange in the market, or he also contributes to market manipulation...But at least he is not as bad as SBF or a series of other CEOs who always make silly predictions about bitcoin prices.

[GbitG]

CZ publicly admitting he can't predict the future is a key phrase for the crypto-community. The person who owns literally the most profitable crypto-exchange, with net worth estimated to be more than $10 billion does not know what will happen; let alone you.

This is an argument for CZ being honest because CZ himself admitted that the price of bitcoin cannot be predicted. CZ said that the future cannot be predicted by looking at history because the base of cryptocurrency is based on volatility. So CZ said that looking at the previous history, Bitcoin cannot be predicted after Bitcoin halving or that Bitcoin will cross $100,000 after halving. Despite being such a big influencer and experienced, CZ can't predict what will happen after the halving, so the rest of the people are nothing compared to that.

CZ should appreciate this: despite being famous in public, a prominent following influencer, and having a lot of public exposure, he is saying that I don't know what will happen after halving. And some people with similar power make worthless statements to create hype among people in order to attract or push people to buy. It is very bad and unfair that people trust you, and you use them for your own interests to make money. How many people are losing money with the performance of such an activity? So it is not right for anyone to do such awful activities.

So it is important to say that CZ's halving view is a very accurate and effective method, and no one can tell what will actually happen after Bitcoin halving from a price perspective. It is just an estimate based on speculation; everyone has their own.

[The Cryptovator]

I saw this tweet a few days back. And I agree with him. Don't dream of becoming quick rich for upcoming halving. If history repeats itself, we might see ATH again after the halving. So it's not for halving, actually; it would happen for various reasons. No one can predict the future, and as a responsible person, CZ wouldn't just pump Bitcoin for the upcoming halving. But we have to learn from the past so we may realise how it's going to happen.

[icalical]

CZ got his points, but that's not unique, it's based on the history of how market reacts to halving, and many people said the same. Tho with the current economic condition and people have more experience on the effect of halving and how Bitcoin market react to it, I doubt people will are still hoping that Bitcoin will double the price immediately after halving, most of Bitcoin speculators should already learn that Bitcoin halving effect on the market is not instant. And the thus could also make the time frame when Bitcoin will reach new ATH after the halving, probably longer than just a year.

[philipma1957]

I came across a feed today that shares the view of the Binance CEO on halving and I thought I should share it with you guys as I see it informative and no information is too small.



I can't agree more on this as part of what he states is happening now. The "chatter, news, anxiety, expectations, hype, hope" and speculation are now littering the internet.

Insightfully, this also advises calm and a need not to miss out at the same time for at least a full year.

He left out that we had a miner relief rally in 2015-2016 pre ½ ing we got over 700 usd which was close to a 70% of all time high in 2013. If we do that this time you could get between 40-50k pre ½ ing.

I will continue to argue that is a norm that will-be established again this ½ ing.