Robert Kiyosaki expects a market crash and economic crisis - do you believe it? - page 4.

EdenHazard

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Quote from: pealr12 on December 18, 2021, 07:57:53 AM

Quote from: EdenHazard on December 17, 2021, 05:43:51 PM

They are fall to a big name like robert kiyosaki and the likes.

guess that the media loved twisting shit all over the country. perfect match.
he wishes too much about how the crypto market growing a lot when people living in fear .. especially in US then bring those fear circle into crypto which so far it didnt work for him lol. unfortunately.

This is his wish to see crypto market crash and then he will act like a genius, he fails to realize even if the crypto market will go down a lot it will always find its way back up and perform better than before, that keep spreading fud to bring panic in the market, the economy is already experiencing crisis since before covid and it gets worsen in covid, it is no longer news.

Enough watching kiyosaki drama , i respect a lot him for being inspirational through his legendary books , i can say my life has changed because of him.
but this time , it's too much. he is exaggerrated things and seems to be desperated bout his holding in crypto.

despite that another covid wave hit europe now , i wish shit wont happened again in 2022. enough.

Silberman

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Quote from: el kaka22 on December 15, 2021, 05:03:28 PM

Never forget that these whole market crashes are something you could take advantage of. If you are in crypto and you are growing your portfolio, that means during the recovery it will be able to recover a lot faster. Why? Because in order to increase the price of gold there needs to be trillions, in order to increase the price of tesla there needs to be god knows how many billions, but in order to increase bitcoin we just need people not selling at cheap, literally that's it.

As long as they do not sell for cheap, we are going to have a very little liquidity at the low levels and high liquidity all going into higher prices, it requires a lot less money to increase crypto, imagine buying 15 billion dollars worth of tesla and 15 billion dollars worth of ETH, which one would skyrocket more? Of course ETH would do. So be ready and if a crash comes, we will be better at crypto than any other fiat investment.

True, however as more institutional investors come to this market and the price of bitcoin keeps increasing at some point the returns that bitcoin can give will become smaller, however even then due to its scarcity bitcoin will be forever a good option to protect yourself from the harmful effects of inflation, so I am not really worried about what it is to come, still it would be nice if the crisis that we know is coming did not happened immediately so it gave us more time to buy even more bitcoin.

Davidvictorson

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Quote from: pealr12 on December 18, 2021, 07:57:53 AM

Quote from: EdenHazard on December 17, 2021, 05:43:51 PM

They are fall to a big name like robert kiyosaki and the likes.

guess that the media loved twisting shit all over the country. perfect match.
he wishes too much about how the crypto market growing a lot when people living in fear .. especially in US then bring those fear circle into crypto which so far it didnt work for him lol. unfortunately.

This is his wish to see crypto market crash and then he will act like a genius, he fails to realize even if the crypto market will go down a lot it will always find its way back up and perform better than before, that keep spreading fud to bring panic in the market, the economy is already experiencing crisis since before covid and it gets worsen in covid, it is no longer news.

Another way to look at crashes is like looking at earthquakes. We know markets do crash due to their nature. We know that earthquakes happen in California due to the nature of the earth's crust. If someone says a major earthquake will happen in California and at some point the earthquake happens, that person didn't give any new knowledge about earthquakes in California. They didn't predict the earthquake if they do not give any time and size information. They are just spouting the basic information we all know about earthquakes in California in general. The same can be said about those who say a crash in coming and at some point it does come, that person didn't give any new knowledge about crashes. They didn't predict the crash because they gave no predictive information like the size of the crash, the time frame of the crash, or the specific conditions that will lead to that specific crash.

pealr12

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Quote from: EdenHazard on December 17, 2021, 05:43:51 PM

They are fall to a big name like robert kiyosaki and the likes.

guess that the media loved twisting shit all over the country. perfect match.
he wishes too much about how the crypto market growing a lot when people living in fear .. especially in US then bring those fear circle into crypto which so far it didnt work for him lol. unfortunately.

This is his wish to see crypto market crash and then he will act like a genius, he fails to realize even if the crypto market will go down a lot it will always find its way back up and perform better than before, that keep spreading fud to bring panic in the market, the economy is already experiencing crisis since before covid and it gets worsen in covid, it is no longer news.

EdenHazard

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Quote from: kryptqnick on December 16, 2021, 12:05:07 PM

I thought the economy was already in recession, so I'm not surprised. I've seen 2020 predicted as a year of the crash prior to Covid, and it's not like Covid made things better for the economy (see here, and here, for example). So, honestly, I'm surprised the economy didn't explode by now. And I don't think it's possible to completely avoid an economic crisis, I think it's only possible to delay it by a couple of years (which, clearly, has already happened). Okay, maybe not crises, but at least recessions are bound to happen quite regularly. But given the heavy impact of the pandemic, I think a crisis is only natural.

They are fall to a big name like robert kiyosaki and the likes.

guess that the media loved twisting shit all over the country. perfect match.
he wishes too much about how the crypto market growing a lot when people living in fear .. especially in US then bring those fear circle into crypto which so far it didnt work for him lol. unfortunately.

Coyster

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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.

Well it's basically obvious that this person is just speculating to either cause panic/Fud, or just to trend on social media, only newcomers to the network will take this statement seriously, mind you also that the best thing to do is for one to carry out his personal research, if after doing so you come to the conclusion that there's going to be a crash/economic crisis, then you work towards somewhat curtailing it, my point is basically just this, do not allow someone else's opinion about the network/market influence you, cause the person can be absolutely wrong, just DYOR.

geegaw

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Quote from: Ozero on December 17, 2021, 01:23:39 PM

A global economic crisis is possible. All states have spent a lot of capital on unprecedented measures to combat the coronavirus pandemic. Moreover, in my opinion, these measures are overstated and unjustified. Over the years of the pandemic, the economies of all countries have fallen dramatically, small and medium-sized businesses are in decline, prices and inflation are rising and breaking records. The economic crisis, and this is one of the possible scenarios for the development of events. At the same time, this is a really good opportunity for cryptocurrency to show itself as an anti-inflationary currency. Anything bad has something good.

Well, accept to print more money, accept to open more budget and support and many strategies are being implemented at the same time but the pandemic is still not repelled by such methods, even Covid accepts the struggle in a persistent method full of new transformations, budget burnout as well as red alarms on people and assets are the current landscape of the economy. Victory is gradually being pulled towards the global economic crisis, the balance sign created by the governments of the countries is no longer a trace, maybe instead of doubting and holding on to a ray of hope, we should honestly prepare

mindrust

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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!

This guy is a clown. He has been waiting for a market crash for years. Soon he will be right but now because he can predict the future. It will be because the markets crash every once in a while. Can you guess the time of the crash? You can't. Then why stay out of the markets?

You don't know how high the markets can get before it crashes. Every day the markets don't crash, you lose money if you are not invested in the markets.

Ozero

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A global economic crisis is possible. All states have spent a lot of capital on unprecedented measures to combat the coronavirus pandemic. Moreover, in my opinion, these measures are overstated and unjustified. Over the years of the pandemic, the economies of all countries have fallen dramatically, small and medium-sized businesses are in decline, prices and inflation are rising and breaking records. The economic crisis, and this is one of the possible scenarios for the development of events. At the same time, this is a really good opportunity for cryptocurrency to show itself as an anti-inflationary currency. Anything bad has something good.

jaberwock

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Quote from: Betwrong on December 17, 2021, 04:34:40 AM

I'd rather listen to the concerns of real economists than of a shady businessman and author whose books advise illegal practices and "taking more debt on credit cards than one can handle and declaring bankruptcy whenever one's plans go awry". I mean, c'mon! Do you want to listen to him?

You don't have to be super smart to know that economic crisis is coming. It's like predicting in the evening that night is coming. Yeah, it is. But there will be morning again.

Well, I do think that you have some points there. Normally with the way that things has been going, and everything that we have seen from last year till now, the government taking loans and printing more money, and all that, it is normal for anyone to say that there is going to be a breakdown on the economy.

Most countries did experience that, but that doesn’t mean that things would go down and not come up again. Same as you, I am not the type of person that likes it when people are trying to spread panic, but I do think sometimes that we also have to say things that we are supposed to say, no matter if is going to make people to panic or not. We don’t have to sugar coat everything at all times, sometimes you have to just say it as it is. But like I said at first, you do have some points there and I’m not against what you have said.

jrrsparkles

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Not because of he is saying, we are actually facing issues in the global economy even the developed countries so they printed more money as a temporary solution to bring the cashflow into their economy but it will affect the growth of the overall economy a lot in the future which is a depreciation of economy can also be considered as crisis.

Mauser

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

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!

Predicting the next financial crisis is very hard, because we not only need to identify the area where the crash is coming from but also the timing. We could be right about the crash but be 2 years too early with our prediction, if we position our whole portfolio for a crash might lose money until the crash actually happens.
I don't believe that there is crash coming any time soon. We have been in this covid mess for 2 years now and the crash didn't happen. The covid recovery should have a positive impact on the economy. However I could be wrong, so having assets like gold, silver and crypto currencies would be good to protect us from a crash. Another investment that makes sense is real estate. If we own the apartment we live in than a crash will hurt us not as bad. Saving the monthly rent payments is helping a lot on difficult times.

Betwrong

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Quote from: laredo7mm on December 15, 2021, 07:03:47 AM

Quote from: Betwrong on December 14, 2021, 09:36:24 AM

I don't like people spreading panic, and from the comments above I see that this guy, Mr. Robert Kiyosaki, is one of those people. The more I read about him, the more it looks like he cares about one and one thing only - to sell more books. Also it looks like he's overall a shady person. So, I wouldn't trust him.

That doesn't invalidate his concern about the economy. They are smart people and the way of their thinking is unique so it will be better to stay aware.

Yeah, but I'd rather listen to the concerns of real economists than of a shady businessman and author whose books advise illegal practices and "taking more debt on credit cards than one can handle and declaring bankruptcy whenever one's plans go awry". I mean, c'mon! Do you want to listen to him?

You don't have to be super smart to know that economic crisis is coming. It's like predicting in the evening that night is coming. Yeah, it is. But there will be morning again.

teosanru

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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!

There is no discussion on this to be honest, these market gurus have a habit of predicting crash now and then and when such a thing doesn't takes place they very conveniently give some excuse or explanation which their fans easily digest, Robert Kiyosaki gave a very similar sort of statement in 2017 also, here you can see: https://www.marketwatch.com/story/rich-dads-kiyosaki-hasnt-given-up-on-his-dismal-market-prediction-2017-02-28 , But I have not seen market crashing anyway after that, market has gone down in cycles but something like the 2008 crash has never happened so, do your own analysis and stop bothering what these gurus say, if there is going to be a crash these people won't shout out these things loudly.

kryptqnick

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I thought the economy was already in recession, so I'm not surprised. I've seen 2020 predicted as a year of the crash prior to Covid, and it's not like Covid made things better for the economy (see here, and here, for example). So, honestly, I'm surprised the economy didn't explode by now. And I don't think it's possible to completely avoid an economic crisis, I think it's only possible to delay it by a couple of years (which, clearly, has already happened). Okay, maybe not crises, but at least recessions are bound to happen quite regularly. But given the heavy impact of the pandemic, I think a crisis is only natural.

Findingnemo

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Quote from: NeuroticFish on December 16, 2021, 10:52:35 AM

However, I also don't agree that Bitcoin and gold will be the solution. I expect many whales cash in ASAP and keep their eyes open for market (bitcoin, gold, stocks, name it) crash (to buy back cheap) and for businesses to be taken over cheap.

Yep, bitcoin and gold price may fall if there is another economic crisis but soon the price will recover which is actually going to make the rich investors more rich but for a common man it could end their life. Meanwhile if they have savings they better should invest on something than simply hoarding it because inflation increases the value of our currency will depreciate and it is going to be like that forever.

hugeblack

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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.

A financial crisis occurs every decade, and therefore, until the year 2025, the possibility of a global financial crisis similar to the year 2008, especially with the large print of money during the year 2020 and the repercussions of the COVID-19 crisis.

Therefore, with low interest rates, it is natural that holding cash is useless and thus a bubble in the stock markets.

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

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.

If he knows that the prices of gold, bitcoin, and real estate will go down, how does he plan to buy them? Is it using gold or real estate exchange or what?
The question is what is the best asset to keep to buy the rest of the assets when disaster strikes, and not what are the best assets that will return quickly.

NeuroticFish

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Quote from: Findingnemo on December 16, 2021, 10:40:47 AM

We are already on the crisis right or only me? Government can say the fake metrics about inflation but where is the actual inflation rate is going isn't good for any economy and it may not be a crisis but it already made more people to become poor and stumbled lot of small and big business, now the omicron just started and worldwide lockdown is expected so possibly there will be a crisis.

Imho there's no financial crisis yet. High inflation doesn't necessarily mean crisis.
But after the blow many businesses got after COVID. the things don't look good. Something extra coming can easily start it. Will this Evergrande story be the trigger? May be. but aren't we "expecting" the crisis for some years already? We'll see.
Actually, I see that we already have, just a few posts before mine, a lovely list of predictions Grin

However, I also don't agree that Bitcoin and gold will be the solution. I expect many whales cash in ASAP and keep their eyes open for market (bitcoin, gold, stocks, name it) crash (to buy back cheap) and for businesses to be taken over cheap.

Findingnemo

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We are already on the crisis right or only me? Government can say the fake metrics about inflation but where is the actual inflation rate is going isn't good for any economy and it may not be a crisis but it already made more people to become poor and stumbled lot of small and big business, now the omicron just started and worldwide lockdown is expected so possibly there will be a crisis.

el kaka22

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Never forget that these whole market crashes are something you could take advantage of. If you are in crypto and you are growing your portfolio, that means during the recovery it will be able to recover a lot faster. Why? Because in order to increase the price of gold there needs to be trillions, in order to increase the price of tesla there needs to be god knows how many billions, but in order to increase bitcoin we just need people not selling at cheap, literally that's it.

As long as they do not sell for cheap, we are going to have a very little liquidity at the low levels and high liquidity all going into higher prices, it requires a lot less money to increase crypto, imagine buying 15 billion dollars worth of tesla and 15 billion dollars worth of ETH, which one would skyrocket more? Of course ETH would do. So be ready and if a crash comes, we will be better at crypto than any other fiat investment.

Topic: Robert Kiyosaki expects a market crash and economic crisis - do you believe it? - page 4. (Read 719 times)