According to Kiyosaki it’s time to buy Bitcoins, because Buffet has dumped banks

[bbc.reporter]

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

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[SquallLeonhart]

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.

[peterpanda]

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.

[LUCKMCFLY]

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.

[CryptopreneurBrainboss]

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.

ASSETS MARKETS CRASHING. Too much uncertainty. Covid-19 flaring. Economy horrible. Election Wars. Supreme Court battle. Dangerous time in world history. DO NOT DO what I did. I bought Gold Silver Bitcoin yesterday. Hold cash. Be smarter. Be patient. Worst yet to come. Take care.

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.

[maydna]

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.

[pilosopotasyo]

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?.

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.

[Reatim]

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.

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.

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.

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.

[glowing10]

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 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.

[justdimin]

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.

[FanEagle]

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.

[Ayiranorea]

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.