Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: sirty143 on August 06, 2024, 08:41:06 AM

Title: Robert Kiyosaki Declares Market Crash Has Arrived — 'Losses Are Substantial'
Post by: sirty143 on August 06, 2024, 08:41:06 AM
Robert Kiyosaki Declares Market Crash Has Arrived — 'Losses Are Substantial'

Rich Dad Poor Dad author Robert Kiyosaki has declared that the stock market crash has arrived and “losses are substantial.” He stressed that the crash presents a lucrative opportunity for investors to buy assets at lower prices. Kiyosaki advised people to consider this downturn as a chance to get richer, predicting significant future gains in gold, silver, and bitcoin. See more for yourself here (https://news.bitcoin.com/robert-kiyosaki-declares-market-crash-has-arrived-losses-are-substantial).

Your opinion is greatly appreciated.
Title: Re: Robert Kiyosaki Declares Market Crash Has Arrived — 'Losses Are Substantial'
Post by: Aanuoluwatofunmi on August 06, 2024, 02:24:42 PM
Market crash is not happening for the first time, we are the ones who should be careful on the investment we are making and how to secure it against any possible crash in the market, some would have been the ones that all these favour because they know all the necessary measures to take in other form them to remain unaffected in their investment even when the crash is happening.
Title: Re: Robert Kiyosaki Declares Market Crash Has Arrived — 'Losses Are Substantial'
Post by: UNIVERSE on August 06, 2024, 10:07:26 PM
It is true that crypto market has crashed now. Bitcoin dropped below $50k yesterday and altcoins followed it. We have big dump in recent days, many people must experience big losses. I can agree with Robert Kiyosaki that the losses are big, but it is not the end of crypto. If we keep holding, our assets can recover and we still have a chance to get profits in the future. Well, I think this is big discounts days, we are given a chance to accumulate again more assets at very cheap price. If I've thousands of dollars, I must spend all of them now (buying more crypto coins).

Title: Re: Robert Kiyosaki Declares Market Crash Has Arrived — 'Losses Are Substantial'
Post by: yhiaali3 on August 07, 2024, 05:04:12 AM
I agree with him of course, this is what I have been saying all the time, every decline is a new and good opportunity for more buying and investing and increasing profits, only the strong ones stand firm and win in this field, while the weak ones are always the losers.

Those who have been in the market for a long time and have experience know that these cycles are natural and that the decline and big losses are only temporary and a very good opportunity to buy at cheap prices, because the rise is coming inevitably, perhaps after months or after a year, but it is coming inevitably.
Title: Re: Robert Kiyosaki Declares Market Crash Has Arrived — 'Losses Are Substantial'
Post by: TomPluz on August 07, 2024, 05:15:31 AM
Quote from: sirty143 on August 06, 2024, 08:41:06 AM
Rich Dad Poor Dad author Robert Kiyosaki has declared that the stock market crash has arrived and “losses are substantial.” He stressed that the crash presents a lucrative opportunity for investors to buy assets at lower prices. Kiyosaki advised people to consider this downturn as a chance to get richer, predicting significant future gains in gold, silver, and bitcoin.

Surely, this crash is a big reminder to all of us to be careful with our assets including cash and to invest wisely...like going to Bitcoin, gold and silver which are all considered to be safe havens and can easily recover under any circumstances. The conflagration that started in Japan spread to other countries in matters of hours...and this is telling us that there are many weaknesses in the current global economy and for sure this is not going to be the last as we might experience more crashes into the future. We see that Bitcoin likewise crashed but it immediately made a big rebound and if Bitcoin will decoupled from the things happening in the global economy then we can witness it to be the biggest asset we can rely on.


Title: Re: Robert Kiyosaki Declares Market Crash Has Arrived — 'Losses Are Substantial'
Post by: Faisal2202 on August 07, 2024, 10:44:27 PM
I kind of don't care now about what Robert Kiyosaki says about BTC or the market. Because he is just showing himself as a great crypto enthusiast by sharing his POVs every time the market makes some moves. Last if I am not wrong he said the market is bullish and BTC can make X target. We all already know that a market crash has arrived but I agree with the fact that it's a great buying opportunity.

But I don't have USDT or any other stable currency now, otherwise I would be buying. Well, I already knew the market would recover as I came to know that the cost of mining one BTC is around $50k and its price can't go below $50k for a long time that's why I think $50k is a major support right now and I don't think it will break maybe for the short period of time it will but in the long run market will recover.
Title: Re: Robert Kiyosaki Declares Market Crash Has Arrived — 'Losses Are Substantial'
Post by: robelneo on August 08, 2024, 03:58:05 PM
I have a strong belief on Robert Kiyosaki he is a seasoned investor who knows what he is talking, when he says
Quote
Kiyosaki highlighted advice from his “Rich Dad” mentor, emphasizing that market downturns present lucrative opportunities for the wealthy. He described: “Rich dad taught his son and me when markets are crashing is the time the rich get richer …. buying assets at bargain basement prices.”

For weak hands, this is the time to dump but for opportunity seekers, this is the right time to be greedy, only when the market is crashing that strong hands emerge.
How I wish I had enough funds to grab this opportunity.
Market volatility is part of the industry; you just have to wait for the opportunity for something like this to happen to re align or add more to your portfolio.
Title: Re: Robert Kiyosaki Declares Market Crash Has Arrived — 'Losses Are Substantial'
Post by: Stompix on August 08, 2024, 05:09:05 PM
Every time Kiyosaki "predicted" a crash exactly the opposite happened:

(https://www.talkimg.com/images/2024/08/08/5Lhx1.jpeg)

The only time he was right was when he talked about the crash after it had happened, in 2016 he said an even worse crisis would happen and that's the year Dow Jones growth a record pace touching 20000. Now if he keeps repeating this every week till 2124 he might get it right one or two times!
Title: Re: Robert Kiyosaki Declares Market Crash Has Arrived — 'Losses Are Substantial'
Post by: Captain Corporate on August 08, 2024, 10:50:06 PM
This guy is compensating for something but I do not want to speculate about what. We get it dude, you once wrote something that was wildly successful in the finance world, we get it, its ok, enough. Dude has like 100 million dollars net worth, that's it and he keeps going around making interviews, saying all crazy shit and all that. How can he still keep doing that at age 77, like you should be maturing after a while, get your money and go retire somewhere and relax mate. If he was still helping out the world and was making sense that's great, but this dude is just becoming weirder and weirder.
Title: Re: Robert Kiyosaki Declares Market Crash Has Arrived — 'Losses Are Substantial'
Post by: Z-tight on August 09, 2024, 12:18:50 AM
Kiyosaki is always in the news for one prediction or the other, these are things we already know, or at least for people who have some knowledge of the market. I don't need Kiyosaki to tell me this, i appreciate his bestseller book, but i don't think it is cool that he has something to say everytime, like an attention seeker.