Excessive stimulus and devaluation of dollar gave bitcoin and gold their appeal

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Quote from: Gozie51 on June 21, 2021, 01:34:53 AM

I think I also follow this view because of the halving that is going to come around 2024 and more institutional investors plus countries that are beginning to consider the adoption of bitcoin.

Yeah, but we are not done with 2021 yet hence planning for 2024 (halving) and 2025 bull run are too far for me to think about as of now. I mean like many people do speculate here, I am also confident about seeing another new ATH in 2021 which may be higher than 200k levels as well. So, buying more at current dips must be a best thing a bitcoiner may do right away.

US dollar is continuously getting devalued for whatever reasons and stimulus packages are not exceptions hence bitcoin and all other alternatives might find their boom respectively and among them bitcoin might remain as an exceptional performer due to its known definite supply.

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I have a comment on his saying:“The printing of money by the government, excessive stimulus, and the depreciation of the US dollar gave bitcoin and gold their attraction.”
These things exposed the flaws of the old financial system and at the same time showed the advantages of bitcoin and gold, but they are not the reason for giving bitcoin and gold their attraction, because gold It has been around since ancient times and has a very strong attraction as a currency of value and a store of value and in the modern era Bitcoin has emerged as the digital gold.
The main reason for the attractiveness of gold and bitcoin are the great advantages that they have in both: high value, limited quantity and a store of value where they can be stored for long periods while preserving their value and protecting your financial assets.

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Quote from: Gozie51 on June 21, 2021, 01:34:53 AM

a little more fall to $24k.

This seems to be the general attitude of those who want to start buying bitcoin. They ALWAYS predict a significant dump before a SIGNIFICANT rise because that is their wish not speculation

I've seen this during 2017 too, people who were waiting for the price to dump to $600 to start buying and kept watching the price rise every day. Same thing in 2019 too but this time they were waiting for $1000 while watching the opportunities slip by them.

You know what's even funnier, if by some luck price did fall to those numbers, the very same people who were wishing it are never going to buy at those prices because they start wishing for a lower price.
You can see this today, people who were wishing for $30k when price was $60k are not buying because they are now wishing for $20k!
What's even funnier is that these people are going to start buying when price goes above $70k and is touching $80k...

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it could be below $24k if he is to wait for a while. BTC is very volatile so when you expect the price to be $24k as the buying point, you might wanna expect the worse to $12k because it's close to having the best entry price.

it's a pattern. institutions probably are even organizing all these dumpings to allow fellow friends to come and buy from the ones who panicked. so if you plan to buy back as well, sell now and wait if not for the $12K price, see if it touches the $15k.

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Quote from: Gozie51 on June 21, 2021, 01:34:53 AM

Robert Kiyosaki has predicted that bitcoin is bullish on a longtime but at the present, a little more fall to $24k. He is encouraging more buy and hodl for long...

This must be an easy call for anyone who has been into bitcoin ecosystem for years and recently we have seen bitcoin was testing below $29k levels and then recovered fast toward $34k levels hence I am not seeing any possibilities for testing $24k levels anymore hence buying right now and holding at least till end of this year might get anyone enormous profits for sure like guaranteed 4x profits within next 4 to 6 months of time.

Quote from: Gozie51 on June 21, 2021, 01:34:53 AM

I think I also follow this view because of the halving that is going to come around 2024 and more institutional investors plus countries that are beginning to consider the adoption of bitcoin.

So far all the halving of bitcoin network have provided significant impact on its value hence the recent halving of 2020 and upcoming halving of 2024 also must provide same level of impact. This way, we yet to see the full effects of 2020 halving.

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@Gozie51, if you have a price of $1 million per 1 BTC, then even 0.01 BTC costs as much as $10 000 - and people are very weak on numbers, in this case few will be willing to pay that much for 1% of BTC. With the exception of those who don't realize they can buy less than 1 BTC, people will always invest in some altcoin rather than buy 0.01 BTC - it's some weird philosophy that it's better to have 40 coins worth $40k then 1 BTC worth the same.

I still consider speculation about $1 million per BTC just as an attempt by someone to present themselves very cheaply to the public, and we all know that the media loves such stories, as well as that investors dream of becoming millionaires. It seems like a win-win situation for everyone, but I prefer to live in reality rather than in fairy tales - and I personally don’t believe that price will be reached in this decade.

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Quote from: Lucius on June 24, 2021, 09:03:05 AM

Maybe all those who dream of such a price should first calculate what that price actually means, and who will be willing to pay $1 million for 1 BTC if they say today that even $30k is expensive for them (I am referring to our expert Kiyosaki).

Buying 1 bitcoin at that time may not be the issue but investors will choose to invest in fractions of bitcoin because come what the price is, people will choose to invest in parts of bitcoin like satoshi above every other cryptocurrency and that is the point. During the next halving in 2024, the price of bitcoin will increase far from current ATH but nobody knows when it will get to Kayosaki's prediction of $1m though.

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Quote from: blockman on June 23, 2021, 05:42:06 PM

2020? wrong. He's already in bitcoin a long time ago and I've already seen him doing some videos talking about bitcoin even before 2020. I guess you've just watched or heard him lately but in reality, he's really one of the gurus who have been advocating buying bitcoin years ago. He's a known financial guru, I think you have to check what he's saying about bitcoin. He doesn't have to be an expert Shiller such as Elon or McAfee because he's only pointing out to bitcoin as an investment along with his real estate advice and other investment techniques.

I just looked and actually he seems to first Tweet it in 2018. Which is still not long ago and AFTER the last crypto rally in 2017 so yes, he is not an expert for sure. I know he is a financial guru but that is actually nothing in crypto,,, if anything it makes him a poor choice to listen to because he bases all his rules on traditional finance and not modern crypto.

Not that I hate him of course,,, just saying he came into Bitcoin even later than most of us and being a banker and investment expert does not make you an expert about BTC:)

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He is a funny character to me, because he first says that he will invest when the price is $27k, now he has changed his mind and says that he will still wait for $24k - what we can expect as the next smart statement? Maybe "I will buy BTC when the price drops to $21k?" Trading on the advice of such characters is more than gambling - and if he wants to predict the apocalypse, let him establish a sect - because we have Dr. Doom for such things

Quote from: Gozie51 on June 21, 2021, 01:34:53 AM

I think I also follow this view because of the halving that is going to come around 2024 and more institutional investors plus countries that are beginning to consider the adoption of bitcoin.

What will happen in 5 years, no one can say for sure - halving 2024 and Bitcoin worth over $1 million are something that a serious person should not get into. Maybe all those who dream of such a price should first calculate what that price actually means, and who will be willing to pay $1 million for 1 BTC if they say today that even $30k is expensive for them (I am referring to our expert Kiyosaki).

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Quote from: feelideb on June 23, 2021, 07:46:59 AM

What is going to drive multitude to bitcoin will be the imflation happening all over the world as a result of government inefficiencies!

This is an area to consider too and not just hodling because if few people are hodling, price might not increase because there won't be volatility. Bitcoin can increase when there are alot of demand and supply and if more people get inside bitcoin and blockchain then that could be achieved. Inflation of fiat that will make the purchasing power worthless then people will look for asset that isn't affected by inflation. Yes, your point is good as something most have to push people to hodl and not to always dump and with that, hodling will be appreciated and valuable.

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Quote from: DarkDays on June 23, 2021, 07:34:07 AM

Quote from: blockman on June 21, 2021, 08:21:36 AM

Robert Kiyosaki has been bullish and has been advocating bitcoin a long time ago. He's one of the financial advisers that has been bringing up bitcoin to his topics and made it known to his audience that everyone must buy bitcoin.

Agreed, Robert has always been opportunistic and a realist and it seems that his enthusiasm for Bitcoin and the crypto market puts him ahead of many similarly established Financial Analysts.

It is interesting to see all of these people posting about HODLing and buying in the dip, and how this may be reflected later in the market when it will clearly be bullish with BTC reaching new ATHs.

I found him different from the other financial gurus because he's always giving that highlight to bitcoin on his videos. Although it's been a long time too since I've watched his videos but he's clearly a bitcoin maximalist and I don't think that will ever change. I'm interested to know how much he's holding just as how the big companies and prominent guys have already expressed to the public how much they're holding.

Quote from: leea-1334 on June 23, 2021, 08:04:17 AM

Quote from: blockman on June 21, 2021, 08:21:36 AM

Robert Kiyosaki has been bullish and has been advocating bitcoin a long time ago. He's one of the financial advisers that has been bringing up bitcoin to his topics and made it known to his audience that everyone must buy bitcoin.
I admire his strategy on how he managed to be wealthy with the several income streams that the typical wealthy people do. The price that he has mentioned whenever he's going to buy again is still good but others will look at it as something very low and discouraging.

A long time ago? No I do not think so. Kiyosaki was a little earlier than Elon Musk Tweeting storm maybe but he was a traditional investor long ago and only entered Bitcoin in 2020 publicly.

He is not an expert more than Elon or more than McAfee. Just another traditional investor who believed in Bitcoin. I do not think he is such a great financial guy anyway.

2020? wrong. He's already in bitcoin a long time ago and I've already seen him doing some videos talking about bitcoin even before 2020. I guess you've just watched or heard him lately but in reality, he's really one of the gurus who have been advocating buying bitcoin years ago. He's a known financial guru, I think you have to check what he's saying about bitcoin. He doesn't have to be an expert Shiller such as Elon or McAfee because he's only pointing out to bitcoin as an investment along with his real estate advice and other investment techniques.

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Quote from: blockman on June 21, 2021, 08:21:36 AM

Robert Kiyosaki has been bullish and has been advocating bitcoin a long time ago. He's one of the financial advisers that has been bringing up bitcoin to his topics and made it known to his audience that everyone must buy bitcoin.
I admire his strategy on how he managed to be wealthy with the several income streams that the typical wealthy people do. The price that he has mentioned whenever he's going to buy again is still good but others will look at it as something very low and discouraging.

A long time ago? No I do not think so. Kiyosaki was a little earlier than Elon Musk Tweeting storm maybe but he was a traditional investor long ago and only entered Bitcoin in 2020 publicly.

He is not an expert more than Elon or more than McAfee. Just another traditional investor who believed in Bitcoin. I do not think he is such a great financial guy anyway.

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I don't consider Robert Kiyosaki to be a financial genius.
He is just a guy selling books and online courses.He is like a guy selling shovels to gold diggers,instead of taking the risk of becoming a gold digger and start searching for gold.
What if the Bitcoin price doesn't fall to 24K USD?Will he wait forever,in order to buy cheap Bitcoins? Grin

Aren't the Bitcoin bulls repeating "The best time to buy Bitcoin is NOW!" like all the time?
If Kiyosaki was so much into Bitcoin,he wouldn't wait for a 24K price,he would buy BTC right now.

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Robert kiyosaki have always teaches about financial freedom, using real estate as a tool for financial gain. It is interesting to see Robert talking ethusiastically about bitcoin, advicing people to hold!What is going to drive multitude to bitcoin will be the imflation happening all over the world as a result of government inefficiencies!

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Quote from: blockman on June 21, 2021, 08:21:36 AM

Robert Kiyosaki has been bullish and has been advocating bitcoin a long time ago. He's one of the financial advisers that has been bringing up bitcoin to his topics and made it known to his audience that everyone must buy bitcoin.

Agreed, Robert has always been opportunistic and a realist and it seems that his enthusiasm for Bitcoin and the crypto market puts him ahead of many similarly established Financial Analysts.

It is interesting to see all of these people posting about HODLing and buying in the dip, and how this may be reflected later in the market when it will clearly be bullish with BTC reaching new ATHs.

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Quote from: Gozie51 on June 21, 2021, 01:34:53 AM

Robert Kiyosaki has predicted that bitcoin is bullish on a longtime but at the present, a little more fall to $24k. He is encouraging more buy and hodl for long...

Kayosaki prediction

Quote

He said in April this year that the price of BTC will reach $1.2 million in five years, noting that money printing by the government, excessive stimulus, and the devaluation of the U.S. dollar have given bitcoin and gold their appeal.

Quote

When price hits $27,000, I may start buying again. Lot will depend upon global-macro environment.” He emphasized: “Remember the problem is not gold, silver, or bitcoin. Problems are the incompetents in government, Fed & Wall Street

I think I also follow this view because of the halving that is going to come around 2024 and more institutional investors plus countries that are beginning to consider the adoption of bitcoin.

Anyone who knows about the inflation and what government did last year can predict this and for that we no need to be a Robert Kayosaki, anyway these people only hear if it comes from a popular individual so I appreciate that.

The value of bitcoin against fiat value is never going to get degraded not because the cryptocurrency potential, its simply because of loss of value on the fiat side.

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So anyway, I applied as a merit source :)

Dont forget that the start of this temporary stimulus and devaluation of gold began with the pandemic. Now we are seeing a decline in cases and we can assume that the economics will become better and back to the good old inflation days. Hence whatever happens, saving up bitcoin is a good idea. But that would not mean not keeping any fiat at hand, of course that is needed for emergency purposes or if you live in a country where bitcoin is still a grey area.

The increasing pressure on governments about crypto, I am hoping for some positive news in the next decade regarding the government's stance on crypto. Pressure can lead to break or make though, we need to keep that in mind. So be bullish and buy like other have said, but I cant really advice a price as high as 30k, because I have seen price in three digits when I started and tend to see that as bearish more often. Grin

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Though I’m one of the guy who always believe in hodling still I’m worried a lot right now after seeing such huge market crash.

The news like above is something I want to hear and read right now to keep myself away from the sell button. Honestly I have invested heavily when the prices were up by 10-30% of the current prices. (Whole portfolio on an average).

So if it drops below then I would be little more worried now.

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I already saw a lot of thoughts by Robert Kiyosaki, so I am 100% sure that Robert Kiyosaki will just add more Bitcoin to his bags, he already mentioned Bitcoins before several times, he is already a holder of Bitcoin for sure.

Speaking of the $24,000 price for Bitcoin to drop, is still very possible these days. But for sure, if ever Bitcoin could drop around that price level, I am very sure it will only a few seconds or just a wick of the red candle. A lot of buy orders are waiting below $30,000.

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Kiyosaki is still bullish with Bitcoin and be fearful of fiat. He only plans to get more Bitcoin below $30,000. About $24,000.

I knew he is bullish with Bitcoin, gold and silver since 2020, not begin in this year and the following tweet emphasizes his bullish opinion with three assets.

Quote

Biggest bubble in world history getting bigger. Biggest crash in world history coming. Buying more gold and silver. Waiting for Bitcoin to drop to $24 k. Crashes best time to get rich. Take care.

https://twitter.com/theRealKiyosaki/status/1406063138995204098

Peter Brandt waits for $24,210, CME gap.

Quote

Some traders claim that all gaps in the
@CMEGroup
Bitcoin $BTC contract get filled. Here is one that has not yet been filled at 24,210.

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Robert Kiyosaki has been bullish and has been advocating bitcoin a long time ago. He's one of the financial advisers that has been bringing up bitcoin to his topics and made it known to his audience that everyone must buy bitcoin.
I admire his strategy on how he managed to be wealthy with the several income streams that the typical wealthy people do. The price that he has mentioned whenever he's going to buy again is still good but others will look at it as something very low and discouraging.

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Robert Kiyosaki has predicted that bitcoin is bullish on a longtime but at the present, a little more fall to $24k. He is encouraging more buy and hodl for long...

Kayosaki prediction

Quote

He said in April this year that the price of BTC will reach $1.2 million in five years, noting that money printing by the government, excessive stimulus, and the devaluation of the U.S. dollar have given bitcoin and gold their appeal.

Quote

When price hits $27,000, I may start buying again. Lot will depend upon global-macro environment.” He emphasized: “Remember the problem is not gold, silver, or bitcoin. Problems are the incompetents in government, Fed & Wall Street

I think I also follow this view because of the halving that is going to come around 2024 and more institutional investors plus countries that are beginning to consider the adoption of bitcoin.

Topic: Excessive stimulus and devaluation of dollar gave bitcoin and gold their appeal (Read 233 times)