Topic: Buy Bitcoins before the upcoming banking crisis states author of Rich Dad Poor D (Read 411 times)

I'm a great fan of Robert Kiyosaki and I believe he is right. Bitcoin, Gold and Silver are great insurance and will help in protecting your wealth.   

They might be referring to this topic, but it's definitely not "many businesses" doing it.  We're probably talking about a tiny fraction of a percent of companies.

Mind sharing the data of your claim?that Businesses now are turning their assets to crypto investments?or this is just your speculation ?

Unless people says it well thats the only way you can prove that they are investing inside crypto market.
well the searches from Google prove that many people now are trying to find another place to invest and thers might find Bitcoin or other crypto to be the one?

Because of the pandemic the whole economy are very ruining right now but only one that still has no effect all with this. Bitcoin has no effected at all with the current chaos as the market has being controlled by the buyer and the seller with free will to hodl or sell it. That why many investors start to look at bitcoin as alternate for them as the current stock economy are in deep right now.

To tell the truth, I know that the dollar and in general the world economy is in a bubble about to burst, but I just want you to remember that Bitcoin although it is "decentralized" also moves like one more market and will probably also fall, I do not want to expel But just look at how it was affected by the global crash caused by Covid-19, it fell to 5k in less than a week. I only say this so that you think and do not let yourself be influenced by others.

As Bitcoin is the King and the most liquid digital asset, it is logical to think that people will want to invest in Bitcoin.
In a quest to protect your assets. What will you choose Bitcoin, Gold or Silver? Possibly you will choose Bitcoin.
As many have realized there are business owners who are exchanging their asset reserves for Bitcoin.

Started hodling way before I got ahold of what's going on with the global market. No regrets

The decision would be worth it for those people who have dumped their investments from stocks and moving forward on putting those investments into cryptocurrencies, gold and even silver for it is indeed true that due to the existence of the pandemic brought by the covid-19, banks are facing a financial crisis for there is a high in demands when it comes to withdrawals, and loans for people are minding to have cash on hand to provide daily necessities to be able to survive life with this situation we are all currently in to. The problem is that more demands are coming from the outside of the banks and no incoming transactions to circulate at this time. Although they can survive once people have been able to pay those loans, still there is no assurance when and how because people mostly do not have works to be able to pay such loans and most are experiencing debts as of this moment.

But buying Bitcoin amid with the threat of a bank crisis, people must duly have knowledge about Bitcoin to be able to have effective switch, adaptation and usage of the cryptocurrency and not just because it is the trend as of the moment. It good that people are now realizing the importance and worth of existence of Bitcoin and looking forward that many will start buying and engaging into it but this must come with knowledge about it before coming up into doing engagement.

I hope this does not come to reality because to me fiat is more vital in human existence and plays a role I don't think btc can play just yet, let btc remain an alternative to FIAT but currency, it is really hard to picture this scenario, if people are buying btc it is mostly because of the profit they are making from it nothing else let's be realistic, am sure the banks will find a way to avert any future crisis.

The funny thing is that people are still confused , there are those who are feeling that this is not the right time to start buying Bitcoin, because they think that the price is too high, and then there are those who that Bitcoin is not right and there are other better assets lol.

Yes, bitcoin is not the only good investment, but at least it’s one of the top assets anyone can buy right now, and it’s their choice to decide for themselves.

When I started buying Bitcoin I never let the price bother me, as long as I see that opportunity to invest and make good profit in the future, I just buy with whatever amount I have at the moment and wait, there is no law that says you must buy one Bitcoin, just buy what you can afford as long as you know that you will be making profit in future, I don’t know why some people always think they must buy one Bitcoin lol.

Definitely. I agree with idea of yours, based with the progress of Bitcoin these past few months.
As seen by the many, many businesses are turning their assets into crypto investments.
These pandemic surely made a huge shift in all of our lives.

Not really, he was mostly a fan a real estate of investing and always reaching out to his following to join the business. Next he picked interested in gold and silver, always tweeting about how they're a safe investment to the collapse of the US dollars. It's off recent he began saying positive things about bitcoin. If I'm not mistaking it's at the start of the pandemic after the news of trillions of dollars been printed.

I'm not surprised though, sooner or later major business entrepreneurs will begin realizing the importance of bitcoin and begin to buy into the idea of innvesting in it.

Anyone remember the Cyprus bank crisis of 2013?
https://money.cnn.com/2013/03/28/investing/bitcoin-cyprus/index.html

What you are saying right now is really making sense. During this pandemic, people are constantly using their assets to sustain their needs and making investment is a big question since there is a global crisis, where economy are mostly down. That is why Bitcoin is what seen as the optimal alternative for the many.

The pandemic caused alot of damage to the world economic and the institutions but it atleast unleashed cryptocurrency potential to the world. Nevertheless, I like the fact that Kiyosaki dont join the association of influential/celebrity that secretly follow bitcoin and still say negative thing about bitcoin and if the banking crisis happen alot of people will choose crypto and gold but it still does not guarantee their investment is secure if they dont take their time to understand crypto concept.

Kiyosaki is a strong supporter of bitcoin and he has never been shied away from telling people to invest in bitcoin and other assets. The global pandemic has put everyone in deep shit and banking and other financial services are not left out. If the bank finally collapses has he has said due to inflation etc. digital currency like bitcoin can be the saving grace for people that have the foresight. However, we must certainly not forget that crypto investment involves a lot of risk due to high volatility

     The problems mentioned are so real that a lot has already been experiencing the effects of these problems which then pushes almost everyone to look for better alternatives to protect their assets or to gain better profits. Whatever the case, the fact still remains; bitcoin cannot be you main investment. It can be good though but not as much as solid investments that you can still turn to if worse comes to worse. Bitcoin should be the last option and only have a portion of your overall investing plans instead of bed ng the primary. At least that's what I believe.

IMO, I will consider Roberts' advice as realistic advice, just because nobody knows what's gonna happen next.

Besides fiat can't' level its value to cryptocurrency and the only crypto is the worth investment at the moment. If the banking crisis uprises to different countries then it is difficult to find a worthy investment that only yourself can take care of it.

This could belong to the awareness of those people who didn't know yet Bitcoin in their country. All Robert Kiyosaki's books are very interesting to read and this might have an influence to the people who want to learn Bitcoin and the technology behind it.

Basically we always had different new crisis from the Banks and this won't be a total different type. Believe me, the Banks won't close their businesses but will adjust their operations to fit into the new era of cryptocurrency. Robert K had figure it out that the forthcoming Bank crisis will be more disastrous than before, so, let anyone who can buy Bitcoin do before its too late, am happy to be part of this movement.

Totally agree that a bank crisis will occur across the country, because the COVID19 pandemic makes it difficult for many people to pay off
loan money to banks. In fact, many millionaires have withdrawn deposits in banks to transfer to assets such as Gold and Bitcoin. Now this is
the most appropriate moment buy Bitcoin, before it actually becomes a reality the bank is in crisis. Because the price of Bitcoin will definitely
be very expensive if it is a bank experiencing a crisis. So it is worth buying Bitcoin now.