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/

I see there is a strong correlation between SPY and Bitcoin prices.  BTC has a higher beta, however.  Whenever SPY tanks, BTC tanks twiiiiiice as hard, (as it was the first time, I said good byeeee) 
In March, BTC dropped from $10k to $5k.      I am calling for another BitCoin wipeout when the market crashes. 

btc is not good to pay our bills.,

we need new way of passive income goverments should start giving out universal income there is need for passive income



who will vote for that?=

Don’t pay taxes: govt love taxes! It make them super super wealthy and make you super super poor, govt don’t care if you starve to dead tomorrow, that’s your own fault to be basement dweller, govt rather spam their tweeter with non sense China FUD.

Don’t get married: get a traditional marriage and get a nasty divorce, your wealth immediately split into half! It is no brainier why marriage is a trap in the modern lifestyle, and your lawyers won’t help you to get rid of divorce, you’re doomed! We know Jeff Bezos can buy the best lawyers on the planet to fight for his rights, yet the status quo court decide to prejudice all is his fault to get into marriage at the first place, you horny you pay the biggest price! This is justice!

Don’t use bank: Why! We all know bank is a very good investment! You get zero risk while you get a stable fixed deposit income! But why don’t use bank? Because we’re all fooled! We getting so poor today all due to bank! It’s bank fault! We’re all in huge debt!

Don’t invest: Banker love to sell snake oil investment advice! Of course it’s full of moral values to be a decent human being, get a job, get married and invest in well diversified portfolio! Because business create value, we invest in business, and it is the only “real” economy, people who invest into anything else is not investing into real economy! Fuck it! Business itself is a virtual existence, it is an illusion, nobody can touch business, and it can create a lot of value today, by tomorrow it would be just gone and disappeared into abyss! Who the hell buy into this snake oil advice “business is the only real economy” is too dumb to be get rich.


Finally, don’t get a job, because jobless is not a fake news, govt keep spreading fake hope that we have 0.000001% jobless rate, while many under employed staff wandering around the streets.

Hi guys. I have a friend who's parents are looking for alternatives and want to invest money into something other than their IRA account. They have a fixed IRA with about $100K, but they are unsatisfied with the miserable amount of interest they're getting. I mentioned to them that bitcoin is a possible alternative and one they can look into. Do you agree? Do you guys consider bitcoin a reliable and stable investment for long term holding(5-10yrs)? Is it safe to assume the only direction(barring a few dips here and there) bitcoin will eventually go from here is up? Do you foresee it going below $10K, or even $9K ever again? Is it even possible to see the lows we saw a few months ago(ie $3500) ever again?

Please give me your thoughts. IRA or Bitcoin for the long term?