Bitcoin Forum

Robert Kiyosaki has claimed that it’s the right time to buy Bitcoins because Buffet has dumped his banking stocks, but his other half of the tweet doesn’t make any sense to me.

Furthermore Kiyosaki feels that Buffet is loosing his love for banks, and he’s finally warming up to the idea of investing in crypto’s, and if it’s true then I believe that we would see many investors rushing in to buy crypto’s too (those investors who follow Buffet).

Although this is speculation at it’s best that buffet will completely end his love for banks, but what do you think will investors actually heed Kiyosaki advice, and dump banking stocks too to buy bitcoins?, if yes what impact can we expect to see in bitcoin prices in the short term?.

Sources:

https://twitter.com/theRealKiyosaki/status/1306650262279393280

https://www.fool.com/investing/2020/08/21/is-warren-buffett-giving-up-on-bank-stocks/

Nice sell pitch from Kiyosaki himself, but I don't know if Buffet is really going to dumped banks? One thing we also know is that Warren is an old traditional fart and would rather stick to his stocks or other precious metals before going full retard and throw his money to BTC. Probably Kiyosaki is just hyping bitcoin again and wanting more fresh blood to FOMO again to push the price to $11k.

Buffett and Kiyosaki probably sit around with other big boys every now and then, maybe now on Zoom, wondering what to do to make more money. Why not by playing both sides of the money making lines, right?

Banks won't die just because richboi dumps them. Their days may be numbered, but as long as governments are in charge of money, they'll be fine.

P.s. Kiyosaki also said I'm a poor dad, why is he trying to be friends now?

I don't think this is right time to sell bank stocks, because soon after the pandemic ends there will be a huge surge in the loan approval by the babks which is going to give lot of returns to banks in the next few years.Probably these two guys are trying to buy bank stocks for cheaper price.

He is not and will not buy crypto. HE is buying Gold and Gold mine shares. Maybe something else connected to gold. Gold merchants, gold exchanges. He will most likely die before staring to buy crypto.  If he will live long then it is possible.

I see alot of question marks in that tweet to taking any conclusion from it.    WB is great dude in his area but that area isnt tech and definitely not crypto currency, give the man some credit not to guess his views when he was quiet clear in stating an avoidance of crypto.       The deal for buying crypto is that is not one signal, its a process that forms and even if WB did something indicating a move away from FIAT currency it'd need to be confirmed with 100 other measures that matched that flow towards decentralised exchange.    Its not going to be one flare that shows the time to move, it'll be a whole weather pattern I think

This one makes more sense but commodities often retract so it would be normal.  BTC never rose because of covid imo, its reacted to weaker dollar sure and that wont weakness is not easy to reverse.  Dollar has not been of the people for a long time now, is either political candidate going to fix fiscal and deficit budgets? 

I did this 2 years ago and I don’t care what Buffet did to his financial assets because I know what to do and I know bitcoin is indeed a good technology that can bring good fortune to those who support it. Bitcoin will become more expensive, it will be supported by many countries so don’t wait for people to say buy bitcoin start doing your own research now.

We should have own reasons why we are buying Bitcoin, we should not really rely on other especially this rich guy Warren Buffet, they have their opinions too, they have different perspective on Bitcoin, we should respect it.
About Bitcoin being more expensive, it's still difficult, we should not really expect about that, it's still risky. But somehow we have our reasons why we are expecting it will become expensive soon.

Buffet is not really making long term decisions anymore because he is 90 years old and after he dies none of his family is taking up his job anymore. His son is a farmer (owns literally island size land, so not a small time farmer) because he likes it, his daughter is a painter, basically all of his family is out of business world and when he dies he will leave almost all of his money to charity as well because he already left his family enough money to live 5 life times.

This means he could make quick bucks now, doesn't matter even if he loses because not like he is ever going to be poor. However it really is time to buy bitcoin, that is irrelevant to buffet, I believe bitcoin is at the grasp of something much bigger, it feels like it is going to be something special very soon.

none of it makes any sense and people should never make decisions about investing in anything based on some random tweet no matter from whom it comes from.
not to mention that bitcoin has always been a good way to dump your fiat and exchange it for bitcoin. it offers too much goodness to be ignored.

i believe that Buffet has either already been investing in bitcoin for years or he will never do.

My opinion is that is is always good time to buy bitcoin, if you have spare funds. Same is for gold.

Banks are the last things to go, they are going to stay until the financial markets collapse so much that nobody can save them, at that point everyone will lose their money and banknotes will be as valuable as toilet papers so there is nothing to worry about banks.

Sure they may not make as much profit as they used to but the reason for that is the high amount of debt they have now, Warren Buffet hates debt because it means company has to work towards paying the debt first before they can pay the investors and this is the reason he gets away, but I am fine with it, banks could have debt, as long as they pay that it means company grows bigger and my share gets more valuable as well. I wouldn't invest into any fiat thing so I don't have any, but if I did, banks would be my first choice, they are ruthless and cancer to this world but they do profit.

I wont really be that much confident into these kind of call yet you wouldnt know that this is just some sort of tactic just for people to get fomo'ed.In result? When price had increased due to such news
then we wouldnt know if Buffet had already bought his bitcoins.

Its hard to believe that someone would just quit or dumped on where he do get his success and as mentioned by others is that, it isnt the end of the game if these fellas would leave out the industry
as long government do exist then banking system remains.

They can leave nor go back as you like but to say that this big boys just really want to explore the other side.  8)

In my friend circle, no one is investing in the banking sector. Only some government controlled pension funds are buying them. The last time I purchased a banking stock was 8 years ago. The current system is simply not sustainable. When the government support stops, the banks are going to collapse. So what Buffet is doing, is clearly not an exception. A lot of other investors are doing the same.

I never understood the relevance between banks and crypto. Crypto wasn't created to be against banks in the sense that banks should not be used, it was created against fiat and how fiat is used and I get that banks are the number one place that uses fiat wrong way and that is why it looks like we are against them but as long as banks use it properly there is nothing wrong with them.

Kraken is now starting their own crypto bank for example and people think that is a great idea and very happy about it, which means as long as it is right way of banking people do not hate banks. So, banks being dumped by buffet doesn't really mean great for bitcoin because they are not related stuff, never been related. Obviously bitcoin could go up, that is not what I am saying, but I just think if it goes up the reason won't be banks.

Could it be possible that the banking system would collapse in the future if their system keeps failing? I can't say if people would be careless to just transfer all of their wealth in Bitcoin than putting it in the bank. Although this speculation might be one of those rumors scattered to create FUD. Let's just wait if Buffet could confirm this rumor since the social media is not saying exactly what Kiyosaki claimed.

You don't just buy bitcoin because someone else is selling their other stocks, that's bad grounds to make investment advice on because bitcoin is not correlated to bank stocks in the first place.

When buying bitcoin for the purpose of investing, you're supposed to choose the timing based on fundamental analysis. Some investor out there selling their stocks of banks does not constitute as analysis remotely related to bitcoin. You could use it as a signal to sell the bank stocks in question though.


Everybody moving their money out of banks to bitcoin isn't even a remotely possible scenario, governments can't control bitcoin like they can control their own currency, so there is no way they will make bitcoin a national payment method, which is required for banks to let you withdraw to bitcoin directly.

Besides, how will they convert their cash to bitcoin without using an exchange? Then exchanges would be left with large amounts of cash, a deficit of bitcoins (since bitcoin can't be loaned on credit), and governments wouldn't see exchanges any different from banks that need to be regulated, if said exchanges don't collapse first from running out of BTC.

And big banks keep getting bailed out by governments, so no, the banking system can't collapse.

LOL!!!! I literally just posted (https://bitcointalk.org/index.php?topic=5276211.msg55239249#msg55239249) on a related topic about Kiyosaki posting investment advice to Bitcoin and his Tweet (https://twitter.com/theRealKiyosaki/status/1305930263482871808) was about Bitcoin going down because of the pending COVID-19 vaccine. This tweet about Bitcoin going down came first in September 16 now he is posting about people should buy Bitcoin because of unemployed bankers, that's funny how things could turn around for people who know who has influence in the market. The more reason not to follow what Kiyosaki is telling us on his tweets.

Kiyosaki has proven to be a bitcoin investor, I think it's been years since he talks about it on his vlogs and tweets.

As for Buffett, I don't think the guy is going to invest in bitcoin. If he does, there's no way to know it and he's actually learning how he can take advantage of his place to make chunks of profit on it. He's aware that his words and advice can make the people go crazy and will follow him everywhere he goes.

If everyone was purchasing, then the exchange rates would be rocketing by now. But as I can see, the prices are going down. But on the other hand, the gold prices have gone up by almost 40% since the beginning of the year. So we have evidence to claim that at least some of the investors are moving away from fiat cash to bullion. And I expect gold prices to go further up in the coming years.

That is a poor analysis by Robert Rich Dad, Poor Dad, I reckon hehe. Tom Lee had the correct assumption. He said that the macros were good for bitcoin, however, bullishness would depend on equities.


Macro is favorable for #Bitcoin  but tough if equities selling off

Source https://twitter.com/fundstrat/status/1301724535268536320


Warren Buffet is selling off, why would Mr. Rich Dad, Poor Dad buy bitcoin if it follows the sell off on equities?

Also, this news.


Bitcoin Down as Stocks Fall Over European Coronavirus Fears

Bitcoin is facing selling pressure Monday amid coronavirus-led risk aversion in the stock markets.

Bitcoin is trading in the red near $10,650 at press time, down 2.9% on the day, having faced rejection near $11,000 earlier on Monday.

A decline in European stocks and U.S. stock futures and a rise in the U.S. dollar look to be weighing over the top cryptocurrency by market cap.

Source https://www.coindesk.com/bitcoin-price-stocks-europe-coronavirus

Tom Lee will always and I mean ALWAYS say bitcoin is bullish, you can google tom lee and all of his interviews and all the time he talked about bitcoin and you will realize that bitcoin has been something he is bullish about forever, there was never a single moment or a time he said bitcoin will go down.

Even on this one he talks about how macros are great for bitcoin, sure he talked about equities but that is not really that important to him, even if equities looks troubling for bitcoin, he would still come up next day and say how much he is bullish about bitcoin. Dude literally made a whole name for himself by being a great bitcoin investor, there is not a single doubt in my mind that if we had more people like Tom Lee we would have been over a million by now.

Actually all the time are good for buying bitcoin. As bitcoin is the decentralized coin and it has great value, it is good decision to buy more bitcoin for future.

I´m particularly a fan / follower of Robert Kiyosaki, I think that his financial advice is excellent, in addition to his books they are on another level, and I think that by the mere fact that he recommends buying Bitcoin it is because he has already done his analysis regarding it And something that characterizes Kiyosaki is that he is an investor and with a great business vision. If I recommend buying even though Buffet is beginning to not believe in banks, that is an excellent sign.

With one of his recent twitter, I'm beginning to think Robert kiyosaki is confused this audience to some extent. One minute, he's all about buying bitcoin and hyping it but the next, he's tweeting some fud related news on how him buying bitcoin was a mistake, just because he feels the assets market would be crashing anytime soon.
the one good point from this tweet is that, he still bought bitcoin regardless of how the market plays out.

The advice now would be, you buy while others are afraid, now isn't a time to back out instead use the opportunity to get more bitcoin and buy your very first if you do not own any already. I think it's best you buy now and hold through the crash than miss this buying opportunity and unfortunately the price spikes leaving you behind with nothing but regrets.

If you understood his tweets like I did, he just bought bitcoin but only wishing he waited a little more so he could have gotten more bitcoin with the funds he spent  currently since he feels the dip is coming but if you know you won't be smart or opportuned to know when the dip has reach its buttom, then buy now.

Without Kiyosaki suggests, people who involve in bitcoin will still buy bitcoin, especially if they can see the price down deeper because that will be their best chance to buy bitcoin at a low price. Perhaps, after Kiyosaki said that, his friends or his colleague will start to buy bitcoin and only hold without trade because they will use bitcoin as their new investment.

I only think about after he suggests that it will impact bitcoin price, so that can be the time for bitcoin to break the higher price. But we don't know what people out there will react after they read or know about what Kiyosaki said. We can hope that soon, and the bitcoin price will increase higher.

I prefer to believe in Kiyosaki than Buffet he is more open than Buffet when it come to a new kind of investment he understand that we are in a different age and we need a technology that will further address the needs of the greater masses and Crypto currency is the answer, something Buffet is missing.

Obviously right,This is another Hyping strategy from this Man to use Buffet's Name and words but the truth is Warren will never Leave banks(in our time now)
Unless he saw a bigtime profiting and reality in crypto.
that is why He only has assumptions and using Warren to pump Bitcoin that is what His plan all the way in making this topic.

I am sure even when Buffet said bitcoin is bubble those who knew the potential of this coin and its future has being on buying and result is that they have seen till reaching 12k and had helped them to make money during the low of 3k range this year. Also, its nice if Kiyosaki feels that buying is a good option so that more and more would now get a pie of it so that they can also make some money rather than just seeing it growing.

There was also a big deal about Warren Buffet being interested in Banks, first of all he is not interested specifically in banks, if you look at his major investments most of them are companies that we regularly use, insurance, coca cola, gillette, newspaper these are all stuff that we use regularly, of course banks are like that as well but they are usually not products, insurance is different from others because he likes to get that money, when you insure something you pay money, obviously if anything happens they pay you and more but during that time they have money to invest to, that is why he likes it, if he invested into a bank he wouldn't get money at all. So long story short, Buffet "dumping" banks could be not that big of a deal even if it was a true story.

The reason Buffet called bitcoin a bubble is the same reason why he doesn't get involved with pharma companies in stock world that easily, usually never as far as I know. They build one drug and suddenly when they get FDA approval their stock goes up 3000% higher, which he calls a bubble because a company can't continue that much value forever.

Bitcoin was a thing that was created 10 years ago and didn't even worth any money at the first days and now worths 10k+ and even reached 20k at a time, which means for the way Buffett lives it is a total bubble because things that go up that much that quickly in his world are actually bubbles and he is right about them.

However what he can't see (well he is 90 so it is understandable) is that we are talking about something totally different and not anything like stock market.

Any news associated with financial services were used as a speculative information to move the market of bitcoin. Interest of Warren Buffett on banking stocks and other daily usage products (production firm) stocks is his experience. Maybe now at his 90th age he could've thought of giving a try to the technology based investment. Warren Buffett dumping his stocks on banks isn't gonna make any direct impact over the bitcoin, maybe the whales will make use of the pump and dump out of the speculative movement.