Robert Kiyosaki expects a market crash and economic crisis - do you believe it? - page 2.

wxa7115

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Bitcoin is GOD

Quote from: hello_good_sir on December 31, 2021, 08:12:42 AM

Man has 1 hit book and everyone believes his mantra instantly.

If you believe his doom and gloom mentality then you would have missed out on one of the biggest bull markets in history, and thousands of percent in ROI.

I don't believe that a crash would necessarily happen but I do believe in the insidious effects of inflation, which are very well documented.

To me a crash seems possible, now the problem is that when people talk about the economy crashing some imagine an event that takes us back several centuries to the past, but a crash does not have to be that big.

Most likely we could see a crisis similar in scope to what we saw in 2008, and while it would be bad we will eventually recover from it, however the most important thing to know is how bitcoin will react in that scenario, and it think bitcoin will do great as people will look for ways to protect themselves from that crash and bitcoin is going to be one of the best options they are going to have available to protect themselves from it.

Finestream

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Quote from: Oceat on December 31, 2021, 09:06:12 AM

Quote from: hello_good_sir on December 31, 2021, 08:12:42 AM

Man has 1 hit book and everyone believes his mantra instantly.

If you believe his doom and gloom mentality then you would have missed out on one of the biggest bull markets in history, and thousands of percent in ROI.

I don't believe that a crash would necessarily happen but I do believe in the insidious effects of inflation, which are very well documented.

Everyone can be a speculators but it's up to us on who we like to believe the most and based on the previous post above, Robert Kiyosaki is just permabull of metal and not in crypto or fiat. I think we all know where this is going to end if we follow his prediction and most people would live in a constant fear of thinking there is an economic crisis. But just like what you said, inflation will be the cause of something like economic crisis or market crash but thanks to Bitcoin, we can save our own money without having affected with the inflation.

Inflation has always been inevitable for fiat but with bitcoin, its definitely a tool to combat inflation. But i still believe that this crypto market will face another market crash in the future, since its really possible to happen. But it should not be that we will come to develop constant fear while waiting for it. Instead, just prepare yourself and most likely your funds as its always uncertain when will it happen. If you have stable funds already, i guess there's nothing to worry about having a market crash since it brings opportunity aside to accumulate more potential coins and diversify our portfolio. So its definitely not a loss for us.

Congyang

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Quote from: TheNineClub on December 28, 2021, 06:50:02 AM

A new economic crash is not a new idea. Economists have been saying for years that we are due for another big one. However, even though some models and calculations do predict crashes and a market correction (not just in crypto but in general), but we have been able to avoid one when we were the most susceptible to it when the pandemic started. Now that we have more or less managed to fine-tune our economy towards it working during the pandemic, I wonder what kind of trigger would it take to cause a collapse. Not saying it won't happen, just wondering what will it take, since the pandemic was not enough.

when there has been talk like this being ready to buy when the price is down isn't this some kind of code so that we don't sell it when that time comes.
actually this can be used as a reminder and reference that billionaires are expecting a price reduction so that we don't panic too much when it arrives because they are ready to buy in large quantities and this can be used for us to hold on to the assets we have and increase the load following the flow. that exist for our own sake

Oceat

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Quote from: hello_good_sir on December 31, 2021, 08:12:42 AM

Man has 1 hit book and everyone believes his mantra instantly.

If you believe his doom and gloom mentality then you would have missed out on one of the biggest bull markets in history, and thousands of percent in ROI.

I don't believe that a crash would necessarily happen but I do believe in the insidious effects of inflation, which are very well documented.

Everyone can be a speculators but it's up to us on who we like to believe the most and based on the previous post above, Robert Kiyosaki is just permabull of metal and not in crypto or fiat. I think we all know where this is going to end if we follow his prediction and most people would live in a constant fear of thinking there is an economic crisis. But just like what you said, inflation will be the cause of something like economic crisis or market crash but thanks to Bitcoin, we can save our own money without having affected with the inflation.

Wawa2013

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Quote from: blockman on December 30, 2021, 06:10:43 PM

Quote from: Ceyflix-Rez on December 30, 2021, 08:24:29 AM

Yes I do believe because the market have been in huge profits since the beginning of Covid battle in 2020 march and till date BTC and other coins have shown tremendous growth, it's time to pay back what was taken from the market by bear market, what goes up must come down

It's the cycle. Just after a bull run, what do we expect next? If there's the extension of the bull run, he'll just said the same thing that a crash is about to happen. Not only for the crypto market but for the stock market too. It's like that and there's no changing of his statement because it will come eventually no matter how long the bull market stays with us,
Just as the other economists are telling despite not being a real economists but they've became successful with their investments are telling the same thing about an economic crisis.

We can't expect the crypto market to continue to be bullish forever, because in the end we can't prevent the bears from coming. This is a cycle that
does occur in the crypto market, if there is a bullish trend there will be a bearish trend, and vice versa. So there's no need to worry if bearish comes,
as long as we can be patient and hold potential coins, we can wait until the bullish trend comes back. Therefore when the crypto market is bullish
we should take profit, so that when the bears come we can buy more coins. Indeed, the crypto market keeps repeating itself, depending on how we
deal with it. The crypto world works like that, that is why it is important that we learn everything about cryptocurrencies before deciding to invest
in crypto. So that we really understand how crypto works, so we won't panic when the market crashes.

hello_good_sir

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Man has 1 hit book and everyone believes his mantra instantly.

If you believe his doom and gloom mentality then you would have missed out on one of the biggest bull markets in history, and thousands of percent in ROI.

I don't believe that a crash would necessarily happen but I do believe in the insidious effects of inflation, which are very well documented.

Kasabus

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Quote from: Mahanton on December 31, 2021, 01:04:47 AM

Quote from: blockman on December 30, 2021, 06:10:43 PM

Quote from: Ceyflix-Rez on December 30, 2021, 08:24:29 AM

Yes I do believe because the market have been in huge profits since the beginning of Covid battle in 2020 march and till date BTC and other coins have shown tremendous growth, it's time to pay back what was taken from the market by bear market, what goes up must come down

It's the cycle. Just after a bull run, what do we expect next? If there's the extension of the bull run, he'll just said the same thing that a crash is about to happen. Not only for the crypto market but for the stock market too. It's like that and there's no changing of his statement because it will come eventually no matter how long the bull market stays with us,
Just as the other economists are telling despite not being a real economists but they've became successful with their investments are telling the same thing about an economic crisis.

Come to think off that a market could really only have two possible paths or ways to make which is to pump or to dump/correction which is a typical phase that could really happen on a market
which people should really be getting used to it and about people do make out speculative calls about market crashes and even positive views then i do mostly ignore them which i do say
the best thing to be done rather than making yourself get scared nor get too hyped on what they are speculating because we know that no human being could ever
know on what would happen ahead.

We all know that there are chances for a market crash in the future but we can't tell precisely when will it hit the market. So this made me realized that we should always seize every good opportunity that comes and cash out our profits so we can prepare once a market crash happens. Because when that happens, i guess trading will be very hard to make profits by that time and the best thing we can do is just to sit back and relax, and watch out for our investments seeing their prices continue to decline.

Mahanton

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Quote from: blockman on December 30, 2021, 06:10:43 PM

Quote from: Ceyflix-Rez on December 30, 2021, 08:24:29 AM

Yes I do believe because the market have been in huge profits since the beginning of Covid battle in 2020 march and till date BTC and other coins have shown tremendous growth, it's time to pay back what was taken from the market by bear market, what goes up must come down

It's the cycle. Just after a bull run, what do we expect next? If there's the extension of the bull run, he'll just said the same thing that a crash is about to happen. Not only for the crypto market but for the stock market too. It's like that and there's no changing of his statement because it will come eventually no matter how long the bull market stays with us,
Just as the other economists are telling despite not being a real economists but they've became successful with their investments are telling the same thing about an economic crisis.

Come to think off that a market could really only have two possible paths or ways to make which is to pump or to dump/correction which is a typical phase that could really happen on a market
which people should really be getting used to it and about people do make out speculative calls about market crashes and even positive views then i do mostly ignore them which i do say
the best thing to be done rather than making yourself get scared nor get too hyped on what they are speculating because we know that no human being could ever
know on what would happen ahead.

blockman

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Vave.com - Crypto Casino

Quote from: Ceyflix-Rez on December 30, 2021, 08:24:29 AM

Yes I do believe because the market have been in huge profits since the beginning of Covid battle in 2020 march and till date BTC and other coins have shown tremendous growth, it's time to pay back what was taken from the market by bear market, what goes up must come down

It's the cycle. Just after a bull run, what do we expect next? If there's the extension of the bull run, he'll just said the same thing that a crash is about to happen. Not only for the crypto market but for the stock market too. It's like that and there's no changing of his statement because it will come eventually no matter how long the bull market stays with us,
Just as the other economists are telling despite not being a real economists but they've became successful with their investments are telling the same thing about an economic crisis.

titular

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"Stop using proprietary software."

We went on the news a while back to let everyone know the economy is f*cked. He also suggested people begin "hoarding" bitcoin (and ethereum) to counter this insane inflation we are seeing.

I have read Rich Dad, Poor Dad several times over my life. Still a great yearly read. Sure some of my opinions have changed since really diving into bitcoin, but still quality information.

Silberman

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Quote from: TheNineClub on December 28, 2021, 06:50:02 AM

A new economic crash is not a new idea. Economists have been saying for years that we are due for another big one. However, even though some models and calculations do predict crashes and a market correction (not just in crypto but in general), but we have been able to avoid one when we were the most susceptible to it when the pandemic started. Now that we have more or less managed to fine-tune our economy towards it working during the pandemic, I wonder what kind of trigger would it take to cause a collapse. Not saying it won't happen, just wondering what will it take, since the pandemic was not enough.

It is still too soon to tell if the pandemic is not going to be enough to bring down the economy, the inflation is too high and people are suffering the effects of it, if this continues, and I do not see a reason for this to not be the case, then slowly but surely the economy is going to keep deteriorating, and if that is the case then it is possible we do not need a big event to take the economy down, since it would be weakened enough that it could fall by itself.

m2017

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Quote from: avikz on December 13, 2021, 02:01:35 PM

As per an article published on yahoo Finance, Mr. Robert Kiyosaki, who is famous for his book series known as "Rich dad poor dad", has issued a warning that a market crash and economic crisis is incoming.

Read it here: https://finance.yahoo.com/news/rich-dad-poor-dad-author-115446211.html?

Also, he said that he plans to buy gold, bitcoin, and real estate when the price goes down. Mr. Robert Kiyosaki is a prominent investor who has a net worth of more than 100 million dollars and also a supporter of bitcoin.

Do you think that a market crash similar to 2008 is indeed coming? If yes, then why? What are the indicators your follow to predict the market in general? Let's assume the crash is indeed coming then how would you like to prepare against it?

Let's discuss!

It turns out that Robert is an experienced and successful economic analyst ... but I thought he was an ordinary writer who sells air in his books under the guise of advice. Yes, of course, he made a good fortune from his books. Hmm, then tell me what % of people who bought and read his book became millionaires? I know only one millionaire in this story. The one who sold these books.

If I have a toothache, then I go to the dentist, not the carpenter. Why are you listening to someone who is not an expert in this field?

P.S. I apologize if I hurt the feelings of those who believe in Kiyosaki and profess his ideology.

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Yes I do believe because the market have been in huge profits since the beginning of Covid battle in 2020 march and till date BTC and other coins have shown tremendous growth, it's time to pay back what was taken from the market by bear market, what goes up must come down

Kelvinid

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win lambo...

Quote from: TheNineClub on December 28, 2021, 06:50:02 AM

A new economic crash is not a new idea. Economists have been saying for years that we are due for another big one. However, even though some models and calculations do predict crashes and a market correction (not just in crypto but in general), but we have been able to avoid one when we were the most susceptible to it when the pandemic started. Now that we have more or less managed to fine-tune our economy towards it working during the pandemic, I wonder what kind of trigger would it take to cause a collapse. Not saying it won't happen, just wondering what will it take, since the pandemic was not enough.

Robert Kiyosaki is a known economist and a business person and has some expertise when talking about the market condition somewhat in the future. But it doesn't mean that he is all be gonna right about his insights and predictions, it possible he can be wrong as the market will change from time to time.

But, we can't just set aside that he might be right. Well, there is nothing wrong to believe him or ignore him. It was our discretion anyway but for me, I have to prepare for it than do nothing.

TheNineClub

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A new economic crash is not a new idea. Economists have been saying for years that we are due for another big one. However, even though some models and calculations do predict crashes and a market correction (not just in crypto but in general), but we have been able to avoid one when we were the most susceptible to it when the pandemic started. Now that we have more or less managed to fine-tune our economy towards it working during the pandemic, I wonder what kind of trigger would it take to cause a collapse. Not saying it won't happen, just wondering what will it take, since the pandemic was not enough.

Betwrong

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Quote from: TheUltraElite on December 27, 2021, 05:33:19 AM

Quote from: Betwrong on December 24, 2021, 04:08:10 AM

Go pay for his high-priced seminars, buy his books, or how else can you survive these days! I would suggest to at least read this wiki article on him before buying his books.

The main tactic is to scare the people and then sell them something that you made up calling that to be the saviour. That is how a person who writes books about getting rich actually gets rich, by selling the book not by reading what they just wrote.

Point is that many people actually take their advice and these people eventually gain a large following. This following if used properly, can be used to generate a lot of market demand for something useful but they use it for their own personal gains.

Exactly. This should be the main rule for anyone with millions followers: use your platform to make the world a better place, not just to make yourself richer.

Quote from: TheUltraElite on December 27, 2021, 05:33:19 AM

Unless someone understands this, you will not be able to stop them from following "self-proclaimed gurus". But you can try to point out fallacies and illogical facts in their statements for a start.

That's what we are trying to do here, right?

Actually, I'm very happy about the fact that almost no one from this thread is going to follow Mr. Robert Kiyosaki.

STT

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FED policy effectively dictates a slow crash scenario or slow decline in the value of money as opposed to the more usual sharp reset of a crash or market sell off in a day or weeks to months. The value decline in currency is quite deliberate policy over years to decades, we've been doing QE since 2008 but Dollar peaked in the eighties and declined since then I think its quite sure we cannot recover that process. His idea we can lose any control by the FED isnt that misplaced but the overall trend in this overall economy is dictated by continual QE programs now; global politics backs this despite various losses to some.

Vaculin

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Winding down.

Quote from: TimeTeller on December 27, 2021, 04:02:27 PM

Quote from: TheUltraElite on December 27, 2021, 05:33:19 AM

Quote from: Betwrong on December 24, 2021, 04:08:10 AM

Go pay for his high-priced seminars, buy his books, or how else can you survive these days! I would suggest to at least read this wiki article on him before buying his books.

The main tactic is to scare the people and then sell them something that you made up calling that to be the saviour. That is how a person who writes books about getting rich actually gets rich, by selling the book not by reading what they just wrote.

Point is that many people actually take their advice and these people eventually gain a large following. This following if used properly, can be used to generate a lot of market demand for something useful but they use it for their own personal gains.

Unless someone understands this, you will not be able to stop them from following "self-proclaimed gurus". But you can try to point out fallacies and illogical facts in their statements for a start.

And most of these "self-proclaimed gurus or experts" don't really know what they are saying as they are not the right person to talk about this topic.
Even if we say, he is a supporter of bitcoin. Did he provide tangible facts that may possibly influence this prediction in the market?
What are his basis of saying this possible market crash? Is he just saying this out of thin air because he knows some people will believe him because of his status?
Anyone is free to give their predictions in this market, but as a small holder or trader or even a big one, you should know what to look at and what to watch out for.

If you want to be more reliable, then you should support facts and other solid basis so that people will believe on you not because since you are a writer but because you are knowledgeable too in all the things that you say. I guess having a market crash is still possible in the future but thinking that it will be like 2008, i don't think it will happen again. Crypto is now gaining people's trust and they start seeing it not just a good store of value but definitely as a legal currency. And what we have at the moment is already very different way back 2008, and many improvements are already taking place.

TimeTeller

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Quote from: TheUltraElite on December 27, 2021, 05:33:19 AM

Quote from: Betwrong on December 24, 2021, 04:08:10 AM

Go pay for his high-priced seminars, buy his books, or how else can you survive these days! I would suggest to at least read this wiki article on him before buying his books.

The main tactic is to scare the people and then sell them something that you made up calling that to be the saviour. That is how a person who writes books about getting rich actually gets rich, by selling the book not by reading what they just wrote.

Point is that many people actually take their advice and these people eventually gain a large following. This following if used properly, can be used to generate a lot of market demand for something useful but they use it for their own personal gains.

Unless someone understands this, you will not be able to stop them from following "self-proclaimed gurus". But you can try to point out fallacies and illogical facts in their statements for a start.

And most of these "self-proclaimed gurus or experts" don't really know what they are saying as they are not the right person to talk about this topic.
Even if we say, he is a supporter of bitcoin. Did he provide tangible facts that may possibly influence this prediction in the market?
What are his basis of saying this possible market crash? Is he just saying this out of thin air because he knows some people will believe him because of his status?
Anyone is free to give their predictions in this market, but as a small holder or trader or even a big one, you should know what to look at and what to watch out for.

Silberman

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Quote from: Fortify on December 27, 2021, 07:10:48 AM

Quote from: avikz on December 13, 2021, 02:01:35 PM

As per an article published on yahoo Finance, Mr. Robert Kiyosaki, who is famous for his book series known as "Rich dad poor dad", has issued a warning that a market crash and economic crisis is incoming.

Read it here: https://finance.yahoo.com/news/rich-dad-poor-dad-author-115446211.html?

Also, he said that he plans to buy gold, bitcoin, and real estate when the price goes down. Mr. Robert Kiyosaki is a prominent investor who has a net worth of more than 100 million dollars and also a supporter of bitcoin.

Do you think that a market crash similar to 2008 is indeed coming? If yes, then why? What are the indicators your follow to predict the market in general? Let's assume the crash is indeed coming then how would you like to prepare against it?

Let's discuss!

You don't need to be a genius to tell a crash is coming. A recession happens on average every 8 years, with short term dips every 3 years. It is the natural boom and bust of a capitalistic society, it has been going on for many decades now. Covid has thrown a lot of things out of whack so may be a disruption to the big boom that was happening, a lot of people have lost jobs but a lot of people were stuck in a position where they could save money which brought debt down. Boom cycles usually end when debt gets too high and turns to bust, but it just depends if more people were able to pay off debts than get into debt with the current pandemic going on. That might alleviate the current primer for a recession. The next recession is likely to be triggered by high inflation unless it gets under control, all those people on mortgages at 1-2% are going to lose their home when they cannot afford to remortgage at 6%+ in 5 years time - overpay as much of your mortgage as possible at these low rates people.

Exactly, which is why if someone has not done anything to prepare for the upcoming crisis the time to do it is now, I know there are a lot of obstacles as inflation is very high almost everywhere around the world but it must be done, an economic crisis does not wait for us and as such we need to be ready, and as you say one of the best ways to avoid the worst effects of the crisis is simply to not have any debts in place, that way even if the interest rates go up you have no debt which can be affected by this.

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