Topic: CZ's view on Halving - page 3. (Read 683 times)

I view this as a too-know coming from you, even if billions know a thing, once it's coming from a particular person, what do they call it? Your view or general?

Besides, this is regardless of people's knowledge, a piece coming from him directly could influence some people who didn't want to give it a shot initially or are confused with tons of cabbage online. That makes it an individuality affair which is more powerful and influencing than each other.

You might want to further read from this user amongst others who understand the situation better:

At the beginning of the post, he said that I am not predicting the future of Bitcoin, it is clear from it that the above points are just the information he take from history and everyone who is receptive to Bitcoin will know this. The points he shared are just about awareness and information. The first point shows that Bitcoin halving will occur in 2024 and after halving many peoples are coming to make you fool so don't be trapped the next two points is just clarification that many people believe that after halving bull will start but actually the bull will start after one year of the halving means 2025 will  the next  bull run which will go up to the (ATH)

I'm not going to lie but what CZ said is just a common sense, nothing profound to get out of it, just a keen observation of what to do when you feel unsure of the market movement at best. But I guess given that he's a prominent cryptocurrency figure it's going to be generating some social ease on people that's a bit worried about the market so in the end, I feel like me hating on what he's saying would be a nonsense thing to do, it's not like he's promoting anything besides the halving countdown clock on Binance.

Only old investors know that the bull season will not happen immediately when the halving happens, but from what I see from newbies, they think the bull season will come immediately when the halving occurs. Many people are even confident that bitcoin will not decrease anymore because the closer the halving gets, the more people will buy bitcoin. From there, the price of bitcoin will slowly increase without any significant price drops. If based on history, newbies have a wrong view of the bull season, but there is no guarantee that history will repeat itself, so things cannot be easily predicted.

Humans are creatures of habit so it's possible to expect the same trends but there's too many ppl buying-selling bitcoin now. I mean compared to the last halving more ppl trade so previous patterns aren't the best indicator of what's going to happen next time.

History indeed repeats itself. CZ actually does have a point; many have witnessed the halving last 2017 and we can all say that the same cycle does happen on the previous halving. But then again, this is not solid proof that the same thing will happen again for this coming halving. We may expect more news or hype that will try to manipulate the price of Bitcoin, as the number of people who know about it grows larger than before.

What you can do is allocate Bitcoin while its price is still around $20k. Do DCA until next year or until you see the effect of halving. We may not guarantee the exact date, but we should expect the unexpected.

I think the same pattern is now emerging for Bitcoin halving which is scheduled in 2024. As long as we are still dealing with humans and not AI-made personalities, then we have to assume we are creatures of habits. In other words, we are just repeating history. As what I heard somewhere, there can be some storms before the rainbow can appear. There can be some chaotic confusion before the roller-coaster will stop for some moments. Now, am wondering: How we can make some profits out of this pattern?

Here's another halving thread this time it's CZ talking about his insights. Investing at halving during isn't risk free so be careful we've shouldn't invest unless we're able to absorb losses.

Isn't it possible it's going to work out different if there's a selling movement. I don't know what's going to happen in step #3 but if record prices happen after delays it'll be a new experience.

BTC halving doesn't affect mining in the sense of making it easier or more difficult to mine, though BTC mining can affect mining profitablility as block reward is halved. As for mining being either harder or easier, that depends on BTC mining difficulty adjustment, and it happens automatically after every 2,016 mined blocks, this is to ensure that blocks are found ~ 10 minutes on average.

Everything CZ said there was apt. I like his foresight and ingenuity in this industry. Though his last sentence about history not being able to predict the future is the one I don't agree to. I'm of the opinion that the  Bitcoin circle of past events leading to halving or after it will repeat itself. I've witnessed two post-Bitcoin halving events out of the three and both I witnessed played out the same way. Prediction is speculation, and that's what gives us a glimpse of the furure. We speculate of things from what we assume we know of them from past data and that's what we're doing with Bitcoin to guage what the incoming halving will be. That's us trying to determine what happens in future.

He's right that people are forgetting their memories of how the bull run comes and it doesn't come in an instant when the halving is just done. It may take a year or several months before it activates and that's why don't hurry when the halving is around and you need to be more patient than the others. We've seen it for a couple of times on how the halving comes and that should give you the hope to remain steadfast and don't let the bad news get you or else you'll miss it when it comes. Usually when it's just recently done, he's right about mix feelings, emotions are everywhere.

CZ's view is just a common knowledge but a very conservative one.  It is like CZ playing it safe by saying the history does not predict the future, but we all know in Bitcoin history, the cycle keeps repeating itself (reason why it is called a cycle  )  I agree to all things CZ stated it is that I felt that the last one is somehow missing something.  Probably that is stated to not give hope to people that can backfire to him but I don't find any wrong by stating the history repeat itself which is supported by one of his (CZ) statement.

Anyway, I also get that CZ wants people to observe calmly.  Don't FOMO or get affected by FUD.

He is also playing safe with his pieces of advice to people. Because he is one of the popular personalities to whom people looked up to in this market, he's being conservative with his views. But those simple statements are actually valuable if you internalize its importance when it comes to your decisions with what you will do with your porftolio.

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.

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.

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.

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.

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.

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.

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