Topic: Bitcoin price: Watchout for 30% decline in Bitcoin price, according to this indi - page 2. (Read 312 times)

I have read too many predictions about Bitcoin to the extent that I don't want to read about them anymore to avoid a conflict of interest. And since I know how to speculate well, I only follow my own trading advice, and it is working excellently for me with minimal losses. Aside from that, I was an ardent supporter of the selling of Bitcoin this year due to the overall bearishness of the weekly and monthly charts, but I changed in September because the tradition of Bitcoin itself is helping it not to fall beyond normal.

A lot of buyers are queuing at immediate lower levels now, which makes me know that Bitcoin will not have an outstanding fall anymore this year.

I wonder where he base this argument just looking at the chart maybe the USD is strengthening and will even continue to rise in 2023 as the Fed continues to raise interest rates. Euro or pound collapse is because their economy is in a bad crisis, once the crisis is over, everything will gradually recover. It can be said that the fiat system has too many shortcomings, but the collapse is unlikely to happen.

The USD is being seen as a measure of all assets and other currencies and it is really hard to think of the possibility of the USD collapsing when the US is still the leading power in the world. Whoever the Fed is, they also serve the US, they are part of the US, how can they harm the USD like shooting themselves in the foot.

i honestly had to reread the thread several times to try to understand what the hell this guy Robert Kiyosaki is talking about, because he encourages people to buy now, but in the same article he says that bitcoin is going down and that by january it will go down even more, but soon then urge people to buy it now, what the hell advice is that? Wouldn't it have been better if he told people to buy in January when the price dropped a lot according to him? what would be the point of buying it now and the price going down much later? i hope no one listens to this guy, he doesn't seem to have a firm and decisive stance on price predictions, it seems he just wants to gain popularity with his nonsense comment


the problem with this article is that the guy Robert Kiyosaki encourages people to buy now, and then says that the price will drop a lot until January, this is nonsense advice, it looks like the guy was drunk when he said these things

We failed in the recovery from the June low but fell back to some level of support seen at Sept start and recently about 18.4k, there is a slight trend up but its not nearly as regular and structured as the initial trend up out of June lows.   So BTC is weak but I wouldnt assume we must go downwards, plenty of times previous sideways has been enough as after all many major 'rich' FIAT currencies are registering inflation into double digits per year.  A nominal price for BTC that stays flat then is actually already adjusting down steadily, a hidden but steady decline is a boring prediction to make.

Any percentage of the decline for bitcoin's price is obvious because the trend right now is clear. There goes the economic problems from most countries, the Credit Suisse issue, the war, the pandemic and the others, you name it.

All of them are becoming the factor as to why bitcoin's price is falling but the clearest thing is that, it is confirmed and very much existing that we're in a bear market.

Don't stress out an analyst or Robery Kiyosaki's opinion. Everyone has to say on this bear market and you've got to learn what they're saying because you can understand the situation on your own by gathering information and facts and not just being reliant to, an analyst.

Honestly much depends on what is happening with the world to be able to gauge Bitcoin and crypto moves in general. We got this credit susise situation, their CDS pretty much doubled in the last day which indicate there is high default risk.

Sure they might get bailed out but it will cause massive sell offs everywhere, including crypto. Basically a black swan event like Lehman brothers back in the day. So this indicator doesn’t really help because it can’t predict the future whether a bank will go bust or not.

With this, whose report will you believe OP? there have been countless of times people comes up with their own interesting and same way disgusting guesses about bitcoin but have we on ourselves try to engage a personal research on it? i asked myself that even if there's a definite decline althrough this year with bitcoin price does it really change anything about the nature of bitcoin in playing a steadfast economy role? Bearish and Bullish season are just a time to signal the entry and exit point for selling bitcoin and not to begin FUD

Oh, Robert Kiyosaki, the famous author who when faced with the real world not writing managed to bankrupt every single business he started.
Just a quick reminded what he was saying a few months ago:


One month later:


And if you want to see something really funny:
https://twitter.com/theRealKiyosaki/status/1541593385974128642


Everyone that is taking this guy seriously really needs to adjust his social media following list.
As for the other guy with his 30 declines, yeah right, exactly 30%, not 25% not 50% because, again, reasons!

So.. someone is expecting a price decline in a bear market that's like 11 months strong. Such a unique opinion wow I'm impressed. 99/10

Technical analysis always suck and fundamental analysis don’t work on bitcoin so any prediction coming from anybody has no meaning. Kyosaki, Powell, Cramer or someone else… it doesn’t matter who is making these predictions. They are all pulling it out if their asses. The markets will either go upwards, downwards or sideways like it always do. The future won’t be an exception. If the price declines 30%, it will create a better buying opportunity. It doesn’t mean anything else.

Lol really?

This guy that's quoted there as "an analyst from a crypto intelligence firm" Benjamin Cowen is a youtuber who started making videos about bitcoin somewhere in 2019. The guy hasn't even been through a single bitcoin bear market and they're making articles about his bearish predictions, comparing him to people like Kiyosaki. Not saying that Kiyosaki has to be right and Cowen wrong, just that any idiot can make a bearish prediction in a bear market and it's especially easy when you're a youtuber who gets money regardless of whether he's right or not.

Bitcoin one-year running Return on Investment (ROI) has formed a bottom pattern, one that occurs a year after hitting cycle top.
Robert Kiyosaki believes it is a buying opportunity for Bitcoin as the US dollar surges.
Bitcoin price sustains above the key psychological level of $19,000 despite looming risk of decline.
Bitcoin price surpassed the key psychological barrier at $19,000 and sustained above this level. American businessman and author Robert Kiyosaki believes that it is a buying opportunity for BTC. Analysts warn traders of a decline in the asset’s price in the short-term.
Robert Kiyosaki urges traders to buy BTC
Robert Kiyosaki, American entrepreneur and author, told his 2.1 million followers that prices of assets considered as “safe haven” like Gold, Silver and Bitcoin will continue declining as the U.S. dollar strengthens, proving its worth once the “FED pivots” and drops interest rates.

Kiyosaki believes this pivot could come as soon as January 2023 and the US dollar could “crash” in the same way as the recently collapsed English Pound Sterling. Kiyosaki argues,

Will the US dollar follow English Pound Sterling? I believe it will. I believe the US dollar will crash by January 2023 after the Fed pivots.
Source of Link: https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-watchout-for-30-decline-in-bitcoin-price-according-to-this-indicator-202210031232?_gl=1*17slvxp*_ga*YW1wLTNPSVVQRFVxZ2ZjWkR0N01qVEJuYlJZd1Y3ZHhISFpia1BHblFHWUJUNFVZN2J2UUZPSG9rc0hDVHJkTHlnT0o.