Topic: Buy Bitcoins before the upcoming banking crisis states author of Rich Dad Poor D - page 2. (Read 411 times)
August 23, 2020, 03:37:59 PM
Well, good thing Robert Kiyosaki supports bitcoin. He is a good writer about financial advice and it advocates the importance of financial literacy. Overall, bitcoin and financial advice were in collaboration with each other because bitcoin may consider as a good asset. Millions of supporters by him made the bitcoin becomes hype and this will help to have a bullish trend in the market. I have an insight that bitcoin in the future will become the main valuable asset of all investors and the stock market and precious metals were in the second option.
August 23, 2020, 03:24:24 PM
For those of you who don't know Robert Kiyosaki has been known to publicly support Bitcoin since 2017 and during that time he also publicly says that fiat currencies particularly the US dollar will collapse, but what can we get from it? None because Robert Kiyosaki's reputation as a good investor has been destroyed ever since he declared for bankruptcy for his company. Now I only think of why he is tweeting his support to Bitcoin because he is just using the millions of followers he still has and is hoping that he can hype things up because he is holding a considerable amount of Bitcoin on his side. Anyone who has a big amount of follower is doing that, they aren't really saying investment advice but they are hoping that the people reading them can make them more rich not the other way around.
August 23, 2020, 03:09:36 PM
Its not about promoting and shilling to get what he wants, its about awareness to people for the monetary systems such USD is now grumbling and is crashing.
August 23, 2020, 02:27:19 PM
So many people have mocked bitcoin over the years & doubted the power of decentralised money. They will learn to regret their attitude if they don’t already. Fiat currencies are crumbling in front of our eyes.
Bitcoin is the future.
Bitcoin is the future.
August 23, 2020, 01:54:51 PM
Precious metals are proven to be somehow safe store-of-values. Bitcoin is also 11 years and still going strong.
In summary, everything that is scarce and used in some way should be a good investment especially in times of uncertainty.
Don't forget, only 21M BTC max supply from which a few millions are already lost in the cyberspace.
In summary, everything that is scarce and used in some way should be a good investment especially in times of uncertainty.
Don't forget, only 21M BTC max supply from which a few millions are already lost in the cyberspace.
August 23, 2020, 01:19:58 PM
Kiyosaki predicted bitcoin price of $50k by the end of this year. Now he warns about the crisis. What is going to be next ? He promotes his new book how to be happy and wealthy?
I’ve noticed more and more popular people and celebrities promote bitcoin, cryptocurrency or a service connected to it. This is either a beginning of a new era or they just shill.
I’ve noticed more and more popular people and celebrities promote bitcoin, cryptocurrency or a service connected to it. This is either a beginning of a new era or they just shill.
When Bitcoin is in bull market, celebrities and influencers start promoting because it makes them look like they are genius investor advisers, and it makes them get more followers. This is how John McAfee became a huge shitcoin shill - he was just at the right place at the right time - the 2017 bull run. Had he tried to shill at some other time, he wouldn't get so influential.
August 23, 2020, 10:39:46 AM
What do you guys think?
Is the decision worth it?
Is the decision worth it?
Actually what he advises publicly to his follower has a good point. The whole world is at crisis now, the investor should consider buying bitcoin as a safe haven even if a little percent in their portfolios.
I think if many influencer advice like this in their social media we can achieve another all-time high price of bitcoin.
Any man's word in a big world impacts a lot, better to choose who you listen to, if you listen to Warren expect your life to be miserable lol 
August 23, 2020, 10:26:14 AM
Reading news like this sometimes do scares me, and I usually think maybe things like this will only happen in years to come, because I can't imagine a world without fiat just crypto, it sounds like the future, i hope there won't be any major crisis that will affect people financially.
I don't think it will happen, we're still need fiat even though the rate/price is dropped very low because this crisis.1. All merchant, groceries, regulation and all of them accept fiat
2. Your salary/wage will be credited to your bank account or directly payed.
3. Easy to use, safe, and can't get hacked. Unlike bitcoin you need to be carefully before do something (check multiple times the address before send, never share your private key, your account on third parties can be hacked)
August 23, 2020, 09:20:47 AM
Now banks are in a really bad position right now , inflation rates are being apparently pushed by Fed , loans are rising , people are struggling to pay the debt off.
I cant say if his only telling this probably right after he bought some bitcoin during the last crash when covid19 started. I read the post during that time and I am neutral on what he says. Im a fan as well but this could attribute to a shill. Whatever the case, banks will still continue to be devastated by inflations resulting from the crisis and held business to bankruptcies.Bitcoin however is a secret pathway to securing the funds. Yes many says its not a safe grounds but look what happened. It is continue to rise in spite of world crisis.
August 23, 2020, 06:06:07 AM
I've seen this too but from different news site.
I'm happy that Kiyosaki is somewhat promoting Bitcoin, Gold and Silver and we are being pushed to invest into these assets instead of just putting our money into the banks. What he is saying is true. Banks are going down, Buffet dumped some of his bank stocks to invest in gold mining stocks.
For me, investing into these assets will protect your future compare to just holding your money and in the future it will be eaten by inflation. I've been investing in Bitcoin for quite some time already but not on Gold on Silver unfortunately.
I'm happy that Kiyosaki is somewhat promoting Bitcoin, Gold and Silver and we are being pushed to invest into these assets instead of just putting our money into the banks. What he is saying is true. Banks are going down, Buffet dumped some of his bank stocks to invest in gold mining stocks.
For me, investing into these assets will protect your future compare to just holding your money and in the future it will be eaten by inflation. I've been investing in Bitcoin for quite some time already but not on Gold on Silver unfortunately.
August 23, 2020, 05:45:04 AM
I think this is a nice idea since the bitcoin is an investment althouh it's somehow risky since its price varies over time. But during this pandemic, it's a worth it decision since the economy of most countries is not in good shape because of loans and having more withdrawals in banks rather than deposits.
Another thing is that bitcoin is performing great amidst the pandemic, hence, it's a good decision to invest in an asset that would not lose its value while the rest of the word is at the edge. The end of this pandemic is not yet certain since there's still no vaccine produced. Because of this, majority of countries economy would collapse and eventually, the value of fiat would decrease.
By then, bitcoin would be the reliable escape for the investors to make more stream of income.
Another thing is that bitcoin is performing great amidst the pandemic, hence, it's a good decision to invest in an asset that would not lose its value while the rest of the word is at the edge. The end of this pandemic is not yet certain since there's still no vaccine produced. Because of this, majority of countries economy would collapse and eventually, the value of fiat would decrease.
By then, bitcoin would be the reliable escape for the investors to make more stream of income.
August 23, 2020, 01:11:27 AM
Reading news like this sometimes do scares me, and I usually think maybe things like this will only happen in years to come, because I can't imagine a world without fiat just crypto, it sounds like the future, i hope there won't be any major crisis that will affect people financially.
It's possible to experience world without fiat currencies, but it's unlikely to happen. US Dollar is the most dominant fiat around the world. But it does not mean that without it's store of value, their are other fiat currencies that can took place over USD like Euro.
So basically, the world does not fully depend on US Dollar.
August 23, 2020, 12:09:39 AM
Yes, I think the decision is worthy somehow. I have noticed a bank crisis in my country, more withdrawing than deposits. If that continues then most likely we will encounter a bank crisis of course. I think it would be the right decision to invest in assets that would be sold at any time without hassle and for me, bitcoin would be one of them. Because those are involved with cryptocurrency only they can realize the value of bitcoin and most likely they wouldn't put their money into other assets.
Bank crisis are everywhere, in many nations and I can call it as a global bank crisis. The pandemic uncovered secrets behind bank systems and government-based finance. They can print as much paper money as they want that is no difference than crypto minting without backed-assets.Sooner or later, people will realize that the global economy is totally based on shit fiats and is backed by doubts. Sooner or later, the crisis will come. In my forecast, it takes time for the pandemic to destroy global economy, maybe after 1 or 2 years since its ending. I think that such a crisis will occur next 3 to 4 years guys.
August 22, 2020, 10:11:48 AM
Reading news like this sometimes do scares me, and I usually think maybe things like this will only happen in years to come, because I can't imagine a world without fiat just crypto, it sounds like the future, i hope there won't be any major crisis that will affect people financially.
August 22, 2020, 09:31:45 AM
What do you guys think?
Is the decision worth it?
Is the decision worth it?
Actually what he advises publicly to his follower has a good point. The whole world is at crisis now, the investor should consider buying bitcoin as a safe haven even if a little percent in their portfolios.
I think if many influencer advice like this in their social media we can achieve another all-time high price of bitcoin.
August 22, 2020, 07:43:47 AM
I do expect a banking crisis and some might even go bankrupt with people (possible me or my close ones) losing their savings. And putting at least some of that money into Bitcoin makes sense because Bitcoin is not directly affected by the crisis. However, Bitcoin price can change significantly and decrease a lot if other markets start collapsing. The FUD can make the price collapse as well, so Bitcoin is also a risky choice. There's no safe bet, but if I had significant savings, I'd probably buy a flat or something like this because at least this way you have something useful you possess in the end, even if you cannot earn much by renting it or cannot sell it for the same amount you spent on buying it.
August 22, 2020, 07:20:46 AM
It's actually not the first time he's posted his public support for Bitcoin tbh, and it's guys like him I guess who have helped fuel this current rally in 2020, talk about traditional investors now going into BTC and ditching the traditional systems that used to earn them lots of money, eh? More and more are coming, now it just needs Martha Stewart to say Bitcoin and we're in for a ride;)
This is good to see the influencer or known personality prompting and accepting the bitcoin and this also helps to push the bitcoin in the world and in the country where the person it belongs too. Hope the demand continues to push the prices upwards and keep moving upwards and bitcoin in coming time become the mainstream as the payment options.
August 22, 2020, 07:06:08 AM
It's actually not the first time he's posted his public support for Bitcoin tbh, and it's guys like him I guess who have helped fuel this current rally in 2020, talk about traditional investors now going into BTC and ditching the traditional systems that used to earn them lots of money, eh? More and more are coming, now it just needs Martha Stewart to say Bitcoin and we're in for a ride;)
August 22, 2020, 06:45:12 AM
Buying BTC while economies in the whole world are on the verge of a crisis would be a brilliant idea since this covid-19 pandemic could very well lead to a global economic meltdown that could drastically reduce the buying power of any fiat currency not unless its converted to Bitcoin and any other forms of crypto.
I guess it will not be surprising at all if investors would see BTC as a safe haven and as an alternative investment in order to diversify their portfolios - fearing a stock market crash might occur anytime soon due to this pandemic. Imho.
I guess it will not be surprising at all if investors would see BTC as a safe haven and as an alternative investment in order to diversify their portfolios - fearing a stock market crash might occur anytime soon due to this pandemic. Imho.
August 22, 2020, 05:34:04 AM
I think he saw the storm approaching in the sky.
https://www.marketwatch.com/story/powell-to-speak-next-thursday-on-feds-new-inflation-friendly-strategy-11597951135
This was published two days ago.
Now, I know that not all cuts in interest rates are necessarily bad for the economy, and this cut by itself is not going to trigger obscene or even surplus inflation rates, but if this policy runs for too long then bad things are going to happen. And I really hope they put the lock back on the box once they reach their target, though I'm probably hoping in vain as according to the quote they are averaging the inflation out which will make it higher than the 2% rate.
https://www.marketwatch.com/story/powell-to-speak-next-thursday-on-feds-new-inflation-friendly-strategy-11597951135
Quote
Fed expected to end the practice of raising rates at the first whiff of higher inflation, and allow inflation to run hot for a time
...
That’s when the Fed formally adopted a 2% inflation target. Since then, inflation has remained stubbornly below the target even as the economy was enjoying the longest expansion on record and the unemployment rate approached its lowest level in 50 years.
...
Under a new strategy, the Fed will allow inflation to run hot for a time — to make up for the time that inflation was below the 2% target. This policy is called “inflation-averaging.”
...
That’s when the Fed formally adopted a 2% inflation target. Since then, inflation has remained stubbornly below the target even as the economy was enjoying the longest expansion on record and the unemployment rate approached its lowest level in 50 years.
...
Under a new strategy, the Fed will allow inflation to run hot for a time — to make up for the time that inflation was below the 2% target. This policy is called “inflation-averaging.”
This was published two days ago.
Now, I know that not all cuts in interest rates are necessarily bad for the economy, and this cut by itself is not going to trigger obscene or even surplus inflation rates, but if this policy runs for too long then bad things are going to happen. And I really hope they put the lock back on the box once they reach their target, though I'm probably hoping in vain as according to the quote they are averaging the inflation out which will make it higher than the 2% rate.
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