Topic: Robert kiyosaki; Bitcoin (cryptocurrency) to destroy the stock market. - page 2. (Read 333 times)
October 13, 2018, 01:20:06 AM
Bitcoin destroying the stock market? Seriously? I don't think that will ever happen. I feel that the stock markets and the cryptocurrency markets will continue coexisting alongside each other in both the short term and the long term. Why is it necessary for one market to destroy the other? Why do so many people think that cryptocurrencies will replace FIAT at some point of time? FIAT and cryptocurrencies will continue coexisting alongside each other in my opinion. The cryptocurrency market is relatively new when compared to the stock market which is why these silly statements don't make any sense.
October 13, 2018, 01:12:14 AM
I'm a Kiyosaki fan and I remember that Robert Kiyosaki said in an interveiw a few years ago,that bitcoin is just the "next shiny object".He isn't a crypto/bitcoin supporter for sure. 
In his current statement,he isn't talking about bitcoin,he is talking about altcoins and tokens,from a total newbie perspective.I don't think that he knows how the blockchain works,or how ICO projects work.
NO transaction fees and NO brokers?He must be joking.Only the newbies think like that,when it comes to the crypto world.
In his current statement,he isn't talking about bitcoin,he is talking about altcoins and tokens,from a total newbie perspective.I don't think that he knows how the blockchain works,or how ICO projects work.
NO transaction fees and NO brokers?He must be joking.Only the newbies think like that,when it comes to the crypto world.
October 13, 2018, 12:23:57 AM
Quote
You now longer have to buy stocks to get a small piece of a company. You could just buy their coin
But not all companies are going to have coins though? Simply because not everything needs to be decentralized? I'm pretty sure owning coins/tokens is very different to actually owning a percentage of a certain company. Or am I missing something?
Hi,
A centralized company can have also a coin - (Look at XRP)
Owning Coin/tokens is very different from owning % of the company- Yes, But Owning this crypto asset give you Similiar rights as Stocks, and day a day this is getting better ( look NIO, nice voting system, on the way to decentralization etc...) OR look at AURA DAO, also a token what offers shares of the profits.
So you have a lot of the positive points of the Stocks without the negative points!
It is evolving, we will see how this progresses. For now, I don't know any crypto where you have Decision taking power by buying the token - (not the same as Voting)
you are confusing two things.
this topic's discussion is not about a company (Ripple foundation for example) created to make a centralized cryptocurrency and sell that on the market.
this is about a company (for example Apple) creating a token instead and sell those tokens as his stocks (AAPL-token on some exchange instead of APPL shares on NASDAQ)! and that is what i said doesn't make any sense.
October 13, 2018, 12:12:00 AM
Quote
You now longer have to buy stocks to get a small piece of a company. You could just buy their coin
But not all companies are going to have coins though? Simply because not everything needs to be decentralized? I'm pretty sure owning coins/tokens is very different to actually owning a percentage of a certain company. Or am I missing something?
Hi,
A centralized company can have also a coin - (Look at XRP)
Yes. I'm aware about Ripple's XRP. But my point still stands. Not every single company is going to need their own coin/token, simply because not every single thing needs to be decentralized.
October 13, 2018, 12:06:00 AM
Quote
You now longer have to buy stocks to get a small piece of a company. You could just buy their coin
But not all companies are going to have coins though? Simply because not everything needs to be decentralized? I'm pretty sure owning coins/tokens is very different to actually owning a percentage of a certain company. Or am I missing something?
Hi,
A centralized company can have also a coin - (Look at XRP)
Owning Coin/tokens is very different from owning % of the company- Yes, But Owning this crypto asset give you Similiar rights as Stocks, and day a day this is getting better ( look NIO, nice voting system, on the way to decentralization etc...) OR look at AURA DAO, also a token what offers shares of the profits.
So you have a lot of the positive points of the Stocks without the negative points!
It is evolving, we will see how this progresses. For now, I don't know any crypto where you have Decision taking power by buying the token - (not the same as Voting)
October 12, 2018, 11:35:59 PM
Quote
You now longer have to buy stocks to get a small piece of a company. You could just buy their coin
But not all companies are going to have coins though? Simply because not everything needs to be decentralized? I'm pretty sure owning coins/tokens is very different to actually owning a percentage of a certain company. Or am I missing something?
October 12, 2018, 11:24:06 PM
You now longer have to buy stocks to get a small piece of a company. You could just buy their coin.
there is no need for a company to create a "coin" just because they want to sell shares on stock market! that doesn't make sense because they don't need to maintain a "coin" and its network just to have shares on stock market!
if by "coin" he means a token then it is even worse because then it will rely on another platform to run its token on. and that makes the following statement wrong too:
Quote
Now there is no transaction fee. No broker needed. It becomes much simpler. "
there will be transaction fees, there will be network problems if that platform has issues (eg. ethereum network congestion and high transaction fees, roll backs and lack of immutability). it will also be more complicated. October 12, 2018, 10:21:29 AM
Is it a legit statement? I'm also a big fan of Robert Kiyosaki and had reas some of his books such as Rich Dad, Poor Dad. I think he is right. If cryptocurrency will be widely accepted worldwide, instead of selling stocks, they will sell their own coins but I cannot see it few years from now. Maybe in 5 to 10 years it is very possible.
October 12, 2018, 09:50:11 AM
I have been a follower of Robert kiyosaki for some while after I read 3 of his books on financial education. Of recent I notice his sudden interest in cryptocurrency after almost all his email I received pointed to opportunities bitcoin and the blockchain has to offer.
Late night I received another explaining how the stock market will be destroyed by cryptocurrency. In his words, "There is one difference… A HUGE difference. Cryptocurrencies could destroy the stock market. You now longer have to buy stocks to get a small piece of a company. You could just buy their coin. Now there is no transaction fee. No broker needed. It becomes much simpler. "
In simple terms the stock will become decentralized with the help of the blockchain. As a follower of his and a believer of the bitcoin (blockchain technology) I agree, do you?
What's your take on this, do you think the stock market can be destroy and how long do you think this will take before happening?.
Late night I received another explaining how the stock market will be destroyed by cryptocurrency. In his words, "There is one difference… A HUGE difference. Cryptocurrencies could destroy the stock market. You now longer have to buy stocks to get a small piece of a company. You could just buy their coin. Now there is no transaction fee. No broker needed. It becomes much simpler. "
In simple terms the stock will become decentralized with the help of the blockchain. As a follower of his and a believer of the bitcoin (blockchain technology) I agree, do you?
What's your take on this, do you think the stock market can be destroy and how long do you think this will take before happening?.
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