Topic: CZ's view on Halving - page 4. (Read 683 times)

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.

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.

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.

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.

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.


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.

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)

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

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.

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.

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.

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.

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.

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.

Many speculate that the price will touch the 17k-20k area before the halving occurs. And this is fine, because the price could move there and we don't know what will happen, considering the wild movements of BTC, this makes sense too.

Buying DCA on the spot market is very effective for current and new traders or potential investors. So even if we buy at the current price and in a week or 2-3 months BTC's price drops it won't be a problem, because we will get the lowest average price too.





https://buybitcoinworldwide.com/how-many-bitcoins-are-there/
Is the movement of BTC no longer like previous history in the months and years before the halving because Bitcoin has been mined and circulating at 19,513,706.25 or 92,922% of its total supply? So it tends to be stable, and able to make history differently this time? several other factors are also able to influence BTC price movements, for example Bitcoin ETF, War, Economic Crisis, Energy Crisis, Policy, Adoption.

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.

If we go flat mining will leave in droves.

A 30 watt miner doing 100th burns 75 kwatts so at five cents it costs 3.75 to run it.

it is earning 6 a day. so it makes  2.25

when ½ ing  comes it earns 3 and burns 3.5 a loss of 50 cents

So if we go flat and hit the ½ at 27k miners will shut down.

and “this time it is different” would be true.

Exactly what i am saying to this Bitcoin halving event stuff, and based on my experience as well when we are near the halving we are probably going to see a small pump just because it is for sure going to be trending and there will be a small hype about the Bitcoin halving event but it wasn't really going to be crazy I guess investors or newbies are just starting to think about it that they really needed to accumulate or invest on Bitcoin because the event is already near so that they could easily earn a profit in case the market price skyrocket.

the second one is on the actual event there will be no crazy skyrocket price at that time because probably the hype was already calm because the market price already increased a lot when the event is just near, investors are going to realize that the market is not really having a lot of movement making the traders afraid and sell their investment. After that, most of the time a year around that time is probably where the actual Bull Run could hit because it is probably where the actual effect of the event is going to be felt.

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.

It could also be that people are waiting for deep fall in price first before they would accumulate more bitcoin. Just like how the past histories or trend have shown that bitcoin hits a new ATH like a year after halving so is the case of it getting to lower price before the halving. Some even predicted that the last quarter of this years would experience the price low of about $20k less and some people are actually waiting for the right time.

But waiting for the price to go down before buying isn’t a wise move but rather using the DCA method to accumulate whenever you have the funds ready. This way you don’t get to wait for an opportunity that is not certain of happening.


This can be possible considering the events surrounding the price movement of late. I’m the past years the last month August and September are usually filled with red lines but this year’s we experienced something of a stable price with slight movement. So even if the market trend changes a bit after next halving I wouldn’t be too surprised, the only thing is I am hodling till my target gets reached

I have the same experience as CZ had. It maybe a common knowledge for those people who are in crypto space for long but for newbies it's not. Maybe the goal why CZ posted this is because he want to educate newbies or those who didn't know about this info. This can motivate them into investing into bitcoin as early as now and not expect a sudden jump in price after the halving. It's a good information that newbies should learn.