Topic: BITCOIN will be $350,000 by August 25, 2024 - Robert Kiyosaki - page 2. (Read 600 times)

Kiyosaki's probably got a lot of money on the bitcoin market, that's why he's hyping it up so much right now, he wants to make sure that people would be panic buying right now because of the fear that they might regret it later because they missed out on it. I don't want to say that I don't believe him but is the statement really grounded to a reality of some kind? Because if not then I don't think there's any point in listening to them, they can just continue on their merry way. Seriously though, has this man ever thought how difficult it is to break some of the resistance in the bitcoin market?

This one is probably the most crap and nonsense prediction I ever heard about bitcoin this year. This is just his own way of making himself famous again even in the most foolish way. I don’t have worries for all who have been here for quite longer, as they have known already how bitcoin mostly moves unpredictably, but for newbies who only want quick and big profits, I’m sure they will die hard believing on this and might be more encourage to invest all in with bitcoin.

Talk is very cheap, so I don't give someone like him a thought. But one thing that is annoying is for some people to be running their mouths but only to claim they speculate. Speculation without a constructive reason for the claim? All I can see is a clown who doesn't even know what he is saying and why he is saying it. You can imagine Bitcoin that is still struggling to hit back its current ATH at about $73,850 talkless of breaching it towards a higher level and hitting the milestone psychology level of $100,000 which is now more expected by people reaching $350,000 just like that.

The struggle of the coin to proceed higher can only be because of the lack of more liquidity. How will it easily hit $350,000 which is multiple times its current ATH in August which is barely 2 months ahead? This is a joke! To make matters worse, he has no useful reason but to blame Joe Biden, Janet Yellen and Jerome Powell who are partly controlling the power of the USD. Could it mean that the USD will be so useless and fall so much to the point that BTC will be able to rise higher since the two are paired together (BTC/USD)? If this happened, then the whole financial market would have been in trouble.

This guy should just be disregarded in all senses.

Is this guy even serious about what he’s saying, he doesn’t look to be serious but just joking away with people by speculating the price of bitcoin to be this high by August 25, 2024. The crypto space is full of different kind of people that mostly look for attention from selling fake and rumored news around which in its real sense doesn’t even make sense to think of in the first place.

Bitcoin price will continue to rise for years to come, but it’s no where getting close to that value this year or even the next. The next cycle of bitcoin we are about to experience at bull run, I don’t think the upcoming one after it will even make bitcoin rise that high to be honest. He’s just joking around, so newbies shouldn’t fall for it because it’s obviously a big fat lie.

100k$ is possible to achieve in a few months but 350000$ will take a lot of years so it refers to the fact that possibility is here to gain such a huge value but it is not possible to see such a high value in the current year or during a few months. There are a large number of individuals who have predicted the price of Bitcoin but the mentioned value is so high that one cannot say anything about its reality.

I am not saying that Bitcoin will never attain such a huge value but it is not possible that during this bull season Bitcoin will reach the highest value of 350000$ but still it is crypto and anything can happen so first wait for 100k$ and let's see what happens after that.

The last time this guy urged everyone to invest in something was before the crisis when he pushed everyone to put their money into real estate!
And guess what, there wre hundreds who agreed with him and who did so, the consequences we all know!

Seriously, we need to stop listening to these guys, especially since he's an author, he is no finance guru or something, he just writes good books, you don't use Tolkien's writings to teach military strategies and you don't use quotes Frank Herbert when talking about landing on Mars.
So how about we let this guy finally disappear in the cesspool of other wanna-be prophets before he comes too and says he will eat his dick live on tv?

He should say December not August and really the figure is just made up to get a headline, he has books to sell nothing more complicated then that.   He isnt lying but I have no doubt he'd be surprised if his prediction occurred and cursing not actually taking actions to match his words.


The reason its just pie in the sky prediction is Dollar is a part of the price which adds to volatility and obscures view.  To estimate BTC of this magnitude he must guess FED policy, future interest rates and all kinds of macro economic factors.  At 0% rates and 30% inflation then sure he starts to sound sensible.

The price could be anything so he might as well say a high figure.   Value not price is what matters, I dont estimate 350k in this decade simply because I would not estimate US Dollar to fall apart that fast.  


'Only' 10% inflation per annum will more then double prices of a range of assets from food to financial in ten years just iterating basic maths.  Thats accumulative losses of over 65% to every US Dollar so why shouldn't it alter prices upwards, this is the basic bottom line for Kiyosaki's theatrics.

We are also bullish but not the same as him where he calls out high numbers, though he is not worse as the others who can call an even higher number in a short period of time. Market has two sides. Apart from bullish, we also have bearish and when it's bearish, I think it's not wrong to have a bearish mindset as well, I mean we can make predictions if how low the price can still go.

What I only like about this guy is that like you said, he was like promoting Bitcoin. The month of August is not unlikely but if we mean the price he called, then I'm sorry because I think 2 months is not enough to chase it. The max price that we might get this year can be $100k to $150k only but that is already a great achievement for BTC.

It will be his own analysis, but as far as my experience is concerned, Robert R. Kiyosaki speculated a bit more. From a technical point of view, the price of Bitcoin is not strong enough to reach the same price so quickly in this Short time period. As told by Robert Kiyosaki There is no doubt that Bitcoin is on an extreme bullish path but not as much as Robert R. Kiyosaki has claimed. I think this statement of Robert Kiyosaki about the price of bitcoin may be a pointless thing or just talk to create hype in the market. But guys, tell me a funny thing, which is also a fact, all the predictions made by Robert Kiyosaki have been proven wrong. It has not been proven, so now he is going to make another prediction, so do you think it will be possible, if his previous speculations were proven right, then we would believe that the person is an expert.
 
So to me this is just speculation that stands on a weak foundation.

5 years is a very long time, anything can happen during those years and Bitcoin might go above that mark, however, I also don't think that Bitcoin is going anywhere near that prediction in just a matter of two months or so because August, 2024 isn't that far now. So, it's a complete miss calculation from him, and this shows us that sometimes these influencers and big names will say things that don't make much sense and we shouldn't believe whatever they say.

A lot of people tend to make their financial decisions based on what such people say about the future of cryptocurrencies or some projects in general, I find this to be completely foolish. A person should have enough sense to evaluate the market themselves and understand the upcoming possibilities.

I would say that while it’s good to expect the price of Bitcoin to rise, it's also important not to publish predictions with unrealistic levels as Robert is very known of making such price predictions where everyone shouldn’t take them seriously: such as Bitcoin reaching $350,000 in a very short period that’s insane. I personally believe that Bitcoin will reach its next ATH level soon, but I don't expect it to be as high as $350,000 where it is 400% increase and in less than three months.

I prefer to see a healthy chart with a steady bullish trend where Bitcoin increases by let’s say about 10% every month without significant drops in price. This chart growth is more sustainable and preferable than 100% increases followed by 200% or more pullbacks in a short period, which can be very unhealthy to the stability of the coin as Bitcoin is known by this feature. Gradual and consistent growth helps build a stronger market foundation and investor confidence which is something very known for investors and crypto users.

Love you, OP, but would prefer we don't feed the flames of yearning from these pseudo-pop-economists. They'll keep saying irresponsible shit like that because they keep getting the exposure they crave. Doesn't harm people like us, I should hope, but my parents probably listen to him.

P.S. I really need to go back to school and learn to differentiate fact and lie, huh.

I do not care what this guy saying, but it's also not impossible at this point as well. We have seen how unlikely it was even when he said it, he is not saying that it WILL happen, he says it's a possibility that he desires to be true, if it goes there then he would profit a lot and that is why he wants it to happen.

Can we say that technically it is impossible for it to happen? Of course not, we are not seeing why would it be technically impossible, we are seeing how it's quite possible in the end, however that is "technically" and he knows that it's unlikely and most probably it will not happen. This is why I think he is just saying that he wishes this, not predict, but wishes this to happen in the end and I think I wish the same thing anyways.

i also find the price prediction a bit unrealistic because to reach that price it means bitcoin needs to break its ath and rise significantly, and i'm not sure that bitcoin has that kind of performance in just a few months. but that doesn't mean that i don't believe that bitcoin has a new ath in the next few months, it's just not as high as he said, maybe 100k sounds more realistic.

i think its pretty common that some influential figure throwing around some random speculation just for the sake of garnering viewers and audiences, although the result is sometime disappointing there's nothing wrong i guess in having that kind of optimism. its just that some people take their speculation too seriously and considering it as a financial advice, just for the little warning that people shouldn't ever base their financial decision on some random influential figure out there, they always have ulterior motive at the end of the day, if tweeting doesn't benefit these influential figure they aren't gonna be tweeting a single tweet.
always consider these as just speculation and thats it and speculation mean it can be wrong or right no one knows its just an opinion based on some reasoning but doesn't necessarily guarantee the outcome to be the same exact prediction.

i mean warren buffet had his share of hate toward bitcoin saying its just a fad if i remember correctly, but he's probably wrong since it has gotten a lot recognition such as the ETF and so on.
https://finance.yahoo.com/news/warren-buffett-just-invested-1-163230481.html just see this article, the title itself is self explanatory, even an investor that is considered legendary like warren buffet has his share of wrong prediction about some certain thing.
so its pretty common for people to have mistakes, even this guy robert kiyosaki, he definitely being too overblown in his prediction, but he seems pretty optimistic that he's very sure his investment in bitcoin gonna turns out to be good, regardless the ulterior motive.

He is one of the most optimistic individual that I have seen talking about Bitcoin, many of his predictions has been wrong before and he does not want to stop giving out prediction when he knows nothing about Bitcoin and this one will also be wrong because Bitcoin will not rise to that amount. $150,000 to $200,000 is a good price that we can be expecting the price of Bitcoin to reach. $350,000 can come after the next Bitcoin halving because if Bitcoin gets to $100,000 or $200,000 as the highest price for this bull market then there is a possibility of it getting to $350,000 in the next bull market. I think some of this predictions are just to entertain his followers to make them have something to discuss about. We should not use the predictions of others to buy Bitcoin with short term profits expectations.

But the question is why did he deliberately make these predictions even though he knew it couldn't happen and would harm his fans? Many people think this is his way of attracting more attention to himself but that won't happen because everyone will soon find out his prediction is bullshit. He will even lose a large number of fans if he continuously makes statements that are inaccurate and harmful to them . I really cannot understand what his real purpose is in making unrealistic and impossible predictions.

But more importantly, why do we care what he says when we all know that what he says won't happen  .

For me, Robert Kiyosaki is also a very inspiring figure in terms of enthusiasm for investing in BTC, but regarding his prediction that BTC will reach $350k, maybe one day that time will come, but in a process that won't happen in a month or two.

So, beginners may have high hopes, but right now I am realistic and have the highest belief that this year BTC will reach 90K and if it reaches 100K it will be beyond my expectations and very extraordinary.

Who haven't read his book though? It was a great inspiration for us on how he built an empire. However, he seems to be not just promoting his book now, but he has a lot of advises as well as he went to social media with a lot of interviews as it he wanted more attention.

Anyhow, we haven't heard from him in the beginning of Bitcoin or at least late 2017. He was just newly baptized if I'm not mistaken around 2019-2020 and now he is predicting this kind of numbers. Nothing against him, but as we have more experience, $350k is a long shot to hit this August.

$350,000 already in August for bitcoin? Robert Kiyosaki prematurely inflates the likely price of btc. This can really give newbies false hopes, which means their subsequent disappointment in bitcoin. This is the danger of such forecasts, which should be voiced with caution, because the fan base of such talkers as Robert Kiyosaki is huge. Among whom there will certainly be followers who believe in these inflated forecasts.

Bitcoin will reach $350k one day, but not in a couple of months.