Topic: A friendly reminder by the Author of Rich Dad Poor Dad should be taken serious (Read 205 times)

As the halving and bull run season approaches, different optimistic opinions on bitcoin and its price will be expressed. ​At this moment, when the price of bitcoin is poised to skyrocket and make people millionaires in two years, there are a lot of people who want to voice their opinions.

Even before Kiyosaki made his encouraging remarks about bitcoin, many individuals already had a strong belief in it and what it would eventually replace. ​

In other words, we are not taking Bitcoin seriously because Kiyosaki says so. we have already taken bitcoin seriously without Kiyosaki's or anybody words.

What i understood is that market is predictable and anyone could speak positive about the market and that of bitcoin and other related cryptocurrency, actually Kiyosaki is an author and he could do that to draw more attention from people especially in the digital world as an alternative means of marketing himself since they all knew where the world is driving to.

Maybe he could do that for more visibility and to gain attention to his already published books and the rest, well I am rest assured of that which we can't doubt over it and anyone could come speak but that may not happen instead although they could means by next year but the market doesn't follows anyone's speculation or prediction to give a total out of the year as we may think.

From experience, the opinions of these people can just easily change, so best not to take whatever they say seriously. As a person interested in Bitcoins, have your own opinions that have been formed from strong facts that you have researched on.

With your own strong opinions, you will not be too concerned with whatever these people who claim to be financial experts, CEOs and billionaires have to say concerning bitcoins.

For a long time, BTC seemed not bullish to me. It's most likely due to the world encountering an economic crisis. People who love Bitcoin should have enough funds to invest in it to see a bull market. Also, a lot of FUD has been brought to the market. So for this year, I don't expect Bitcoin to break ATH. That's the reason why some people assume next year will be a Bitcoin bull market. Also, there is coming halving, which would create a FOMO. Don't expect above $100K, but would break previous ATH by the next year.

Robert kiyosaki was always very positive about cryptos. Not any cryptocurrency though, but Bitcoin. He is also very positive about gold and he often refers gold as God's Money.

It makes sense because fiat has unlimited supply whereas Gold and Bitcoin has limited supply. If we consider the time aspect of it, Bitcoin and Gold can easily become the most valuable assets of your portfolio.

Bitcoin will definitely reach that certain amount, although we don’t know when is that certain time. But as we all know, bitcoin will never settle into a low price but it’s always on its new all time high. That is the reason why  the best thing to do as early as now is to prepare our bitcoin portfolio. With patience through long term hodling, that certain price for bitcoin will eventually happen one of these days.

Will it stay at $120k or will it briefly touch it before crashing? How many people will use the opportunity to dump at $120k and how many will decide that this isn't the peak, or will just miss it because it lasts only a few hours and they were sleeping when that happened.

I think all this hype about certain price milestones distracts investors from actually investing - buying and selling to take profits at a good price.

Good that he is using his influence to promote Bitcoin to potential new adopters for a while already. As far as I know, he endorses Bitcoin investment for years already, so he isn't the usual crypto promoter who uses his popularity to boost an altcoin because he is partnered with it. That is a positive point for him.

Anyway, anyone with basic financial education should be investing in BTC nowadays, even if in minor scale, despite their social status, educational backgrounds and despite it being promoted by authors and celebrities.

Kiyosaki, after all, isn't he typically the loudest person in the room? Not that I'm surprised; he has been discussing money in general for a while now, both traditional and modern. Let's just say that after following the trajectory of Bitcoin for a while, I'm not totally in line with Kiyosaki's expectations. I will grant him this, though: the old finance system, with its never-ending money production, is growing a little... stale. The impending halving of Bitcoin is going to affect everything, so if you're not aware, you better find out soon. When it comes to crypto, you should always be one step ahead of everyone else. 

He is a goo influencer in my sight, as he has emphasized a great difference and motivated a lot of people to make decisions that could change their lives. As most people just try to compare themselves with others and try to regret and do nothing about the fact that they got not opportunities that the rich ones have. That point of view is changed by this person a brilliant author and motivator.

You should listen to his podcasts sometimes, he made a good prediction about BTC and he is very much optimism about BTC as he knew that the poor are becoming more poor and the rich are becoming more rich. This system can provide a way for the poor ones to get out of the matrix of rich and poor. And that's what he was emphasizing. So the best thing for all of us is to adopt BTC and try not to get late.

Those who will adopt it slowly and slowly all far better than those who are adopting it but not learning it and not getting the experience they should get from it. And I don't know that Kiyosaki looks like Fiat as a criminal because in my opinion, that's wrong. But what we can say, is every person has their own point of view and he has his own. But he makes a good prediction and I hope that BTC will cross that price tag.

You make a good point; he is just making statements that could encourage younger ones to take bold steps and try to boil their blood with some optimistic words so that the listener will fall for his shit. I mean, he is making money in fiat and making money by saying motivational quotes. He is trying to become a motivational speaker, where this field only requires a person to talk big. 

There is no doubt about whether that person really achieved something in his life or not. All they have to do is bluff. I mistakenly listened to some of the videos in which he talked well about BTC, but I am shocked to hear that he is saying fiat is criminal. I mean, how can a currency be criminal? In fact, the person using that currency for criminal purposes is the one whom we will call a criminal. We cannot call fiat or BTC criminals. That's just some bold words that are used to boil the youth's blood so that they will adopt them blindly without any knowledge.

I have never followed that guy but yes I have read some chapters from his book "Rich Dad Poor Dad," and that was something amazing. I have listened to some of his audios and also watched his video interviews. That guy has earned a lot of money only because he released his books and that's the main source of income for him if I'm not wrong. Although, I don't take his advice seriously but still his thoughts are positive and could help someone to get better financially.

The ideas he presented about Bitcoin are completely correct and I agree with him. The Bitcoin could reach $120k or above in value during the coming bull market and it will surely be a strong competitor for fiat currencies. His views about Bitcoin's recovery are 100% correct and we all know that no matter what happens the Bitcoin will continue to gain value in its price. I won't say anything about other crypto-currencies but surely Bitcoin will flourish and it's next price will be over $100k to 120k during 2024-2025. Let's wait for that time and see what the future holds for us Bitcoiners.

I don't take him seriously for predictions either, as I rarely take almost any prediction seriously anymore. I have an idea of where the price is going to go over the next couple of years and I don't think any analyst no matter how sophisticated has powers to guess the future beyond what we all know: bitcoin is a scarce commodity, that over time it will continue to increase in demand but also decrease in volatility and returns, that halving halves supply and the like.

From Kiyosaki it's fine to learn the basics, and then evolve further. For someone starting out in personal finance I would recommend reading Rich Dad Poor Dad and learning more from there. Once you have done that, learn, you realize that some of what he says is even laughable, like buying RE to rent is passive income, lol, when it's not very passive.

he should have quoted it is more of an unintended error


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source
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would have been fully proper.
his title for the thread does indicate that its a quote.

but technically he formatted wrong.

Thanks for the advice and everyone on this forum knows this, that's why they are here anyways, I would have love if this can get out to those that aren't into crypto yet, because this fits into that category of people more than people that are already here.

I stored most of my money in Bitcoin and always leave a small amount of money in the bank for surviving purposes, I don't want to use Fiat any more but there is no way to do it right now since no one is accepting crypto as means of payment over here, only very limited of people have bitcoin payment acceptable here on their businesses.

Reminder

I believe that crypto in general is not safe, the numbers of crypto projects out there now is more than the numbers that exists in 2020, people should focus on Bitcoin because it's the best coin that backed what Kiyosaki is saying, Bitcoin is the only digital.currency that is truly decentralized and more valuable than any other.

It will do you a lot of good to not agree with everything people say, no matter who they are. Agree with a point made by someone because you've processed it and it's true based on your analysis, not because the person said so.

I don't see Kiyosaki as an expert economics or financial analyst. I do agree with some of his positions but a few of them are wrong. He may be one of those that are over-enthusiastic about Bitcoin or he may just be using crypto as an opportunity. Either way, I don't agree that Fiat currencies would be obsolete anytime soon. That's just not going to happen anytime soon if at all it will happen.

It's okay for him to speculate and have his prediction about Bitcoin but $120k by next year is a prediction I don't buy too. I agree that there's every possibility that Bitcoin might see a new all-time high next year but 120k is a reach. That's almost double the previous all-time high.

Robert Kiyosaki is a good marketer of ideas, and the ideas he presented in the book Rich Dad, Poor Dad are revolutionary. Although they do not show you a real approach to investing, they are enough for you to realize that the economy is bigger than just going to a job and waiting until the age of 62 to obtain a sufficient pension and abundant funds for your children to enjoy. .
He is a fan of Bitcoin, but I do not advise it as economic advice or that there is a belief that the price of Bitcoin will reach 120 thousand dollars. It is true that this is possible, but base your economic calculations on a number between 70k and 100k. If it happens more, then you are lucky.



Although this behavior is not encouraged, as long as the source is mentioned, at least his account will not be banned.

There's a lot of learnings we can read from his book but I also believe that he apply all of it in his life. He made his fortune due to his books since this is so hype and many people want to acquire since they thought that they can learn something and apply it for theirselves. But at the end of the day its always up to our effort made before we can see a result and there's no book can help us regarding on this situation.

For bitcoin maybe he base it all on its past all time high result and there's a high chance that this one could possibly happen but I also believe that we are far to reach that price considering some negative happenings that can affect the price of bitcoin.

The reasons he gave for the predicted rise of bitcoin look reasonable but this is just another prediction by these so-called foremost economists.  It is not new to hear this prediction but it will be wrong to believe in all of them. I suspect that Robert Kiyosaki has acquired some amount of bitcoin and is engaging in promotion to make profit. Just like other fake believers, he is also targeting to make gains during the bitcoin having. I don't trust these guys due to their inconsistency. So I won't take his prediction serious but his comments are good for the price. 

Not that I disagree with some of his points but I have a hard time wading through the irony of these influencer-maximalists. Nice, a fiat dependent who calls fiat criminal and approaching obsolescence. Has anyone who's bought his book or attended his seminars or paid for his shills ever paid for it in Bitcoin or is he still relying on obsolete money to make his living?

I use Bitcoin, I'm a dad, guess that makes me... rich, according to stuff he's said, yeah?

How then do you accept his prediction of bitcoin price? he's not fully into cryptocurrency he only uses the traffic to gain more sales or popularity to his books. In my view, he wants to portray bitcoin as the kind of investment people should buy, but you rarely see him talk about the disadvantages of such investment. In his book, he promoted real estate business, not crypto. Why is he flaunting cryptocurrency all over his social media? The floor is open for him to write a well detailed book about cryptocurrency, before we take his predictions and information seriously. I've seen people like him, who take back their advise immediately cryptocurrency price crashes, they'll not say a word and when they do, it'll be condemning the mistakes of investors who invested into crypto. Nobody, can tell or explain how soon it'll take for bitcoin to hit 120k even after the halving. On the other hand, he claims that the rich dad bought some hotels in the US that's still operating till date, have seen his interviews where he said such. The stories in his book doesn't sound like fiction.



I think your question should be a fresh thread, in the right board, as it's not contributing to this thread. The essence of replying under a post is to add more flairs and value to it, not asking a different question, that doesn't add up to OPs idea or writeup. It can change the subsequent answers under the post, thereby belittling the value of the thread and may not be educational to the readers of the thread.

I know this person, I have watched some of his podcasts, and his words are so optimistic and sometimes contain fantasy words. Because he is always so sure that this will happen and you have to avoid it, the point is, I don't think that his interest in BTC or cryptocurrency is new. Because I watched him talk about BTC and crypto way back in time, like 5 to 6 months ago. So, I thought I should mention it here.

He may have shown optimism about the price of BTC, as everyone is making predictions and many people are sharing all the possibilities (predictions that they can at least make). And most people are saying only one thing and taking ETFs as the main factor that will take BTC to new, unexpected heights. He might be optimistic about BTC and predict that it could touch $120,000, but many other people have shown their interest and optimism and also predicted the price of BTC, and the maximum I have seen is that it can touch $170,000.

To be honest, I personally think that BTC can really reach $110,000, and $120,000 is not impossible, but now the year is 2023, and it might not reach that target in 2024 (which means next year). It can, but the chances are the next ATH might take place in 2025.

His predictions of bitcoin reaching $120,000 is not a bad one. In the nearest future bitcoin would surpass that figure. Maybe 2 to 3 years from now that target would be actualized. One thing I believe is the reason why it is not yet gaining that much speed is the adoption. Currently, the world  population is yet to tap into the bitcoin evolution which makes it slow at this pace. You can imagine when %50 of the world population are aware of bitcoin and fully adopted bitcoin is a payment option do you not think the demand for bitcoin would be high which will in other words trigger a rise in bitcoin price.

The bitcoin halving is another area of focus to trigger the price increase. It is known that every four years halving occurs which reduces the total supply if I am not mistaken and  possibly causes a spike in bitcoin price to a new all time high. So therefore bitcoin halving would be a major propagating force to increase the price of bitcoin come 2024.

There are many similarities between the sentences in OP's thread and the original source, I'm a newcomer here and don't know many things (maybe I missed some rules), but is this not considered plagiarism even though OP has included the original source?

Bitcoin is a currency that any fast reasoning fellow can thought of, understand it influence and make moves for it adoption to the economy, not only that, every visionary leader will also want to let others understand what wlhe saw and how he could help make a global impact from it hence, he wish others could see and learn from what bitcoin has to offer in the near future, as a matter of fact, we are hoping in seing bitcoin rising from where it is to form a new all time high to about $150,000 next year, so for those holding, they should keep on, for those interested with investing, they can made an investment and well.

The fallacy of tu quoque or 'look who's talking' may be wrong, but may also be commonly committed. Robert Kiyosaki doesn't have a sterling reputation especially in terms of business or finance. He may portray himself as a remarkable financial pundit, however, his failures in the same field will likely put doubts to his statements. Although what he's saying may be true, it seems it would hold less water considering how a lot of people also label him as a hypocrite. Kiyosaki doesn't seem to be the perfect mouthpiece of Bitcoin, although his words may have some merit, of course.

Robert Kiyosaki made his fortune from selling "Rich Dad, Poor Dad" book, not by using the methods that are actually in the book. the Rich Dad doesn't exist, unless there is something he is hiding from everyone.

However, he is correct in that the bitcoin price will reach $120,000 very soon. It probably won't happen next year though, but maybe in two years.

https://coinatory.com/cryptocurrency-news/robert-kiyosaki-forecasts-13260/

Robert Kiyosaki, best known for his book ‘Rich Dad Poor Dad,’ recently expressed optimism about the role of cryptocurrencies in the future of finance. The author anticipates that Bitcoin could surge to $120,000 in the coming year and cautions about an impending economic crisis, suggesting that digital currencies could serve as financial refuges.

Kiyosaki took to social media platform X, formerly known as Twitter, ahead of the TOKEN2049 crypto conference scheduled for September 18-19, to share his bullish views on cryptocurrencies. He believes that traditional forms of money, particularly the U.S. dollar, are nearing obsolescence. He’s also confident in Bitcoin’s ability to recover from market slumps, attributing potential price increases to the upcoming halving

Labeling fiat money as ‘criminal,’ Kiyosaki advocates for investment in assets like gold, silver, and Bitcoin to protect against the devaluation of the currency, which he foresees resulting from the massive influx of capital into the economy and ensuing inflation. He also criticizes the U.S. government and the Federal Reserve for their persistent money printing. Predicting a significant downturn in the U.S. economy, Kiyosaki urges investors to view cryptocurrencies as a bailout from government recklessness in economic management.