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

[TheNineClub]

A new economic crash is not a new idea. Economists have been saying for years that we are due for another big one. However, even though some models and calculations do predict crashes and a market correction (not just in crypto but in general),  but we have been able to avoid one when we were the most susceptible to it when the pandemic started. Now that we have more or less managed to fine-tune our economy towards it working during the pandemic, I wonder what kind of trigger would it take to cause a collapse. Not saying it won't happen, just wondering what will it take, since the pandemic was not enough.

[Kelvinid]

A new economic crash is not a new idea. Economists have been saying for years that we are due for another big one. However, even though some models and calculations do predict crashes and a market correction (not just in crypto but in general),  but we have been able to avoid one when we were the most susceptible to it when the pandemic started. Now that we have more or less managed to fine-tune our economy towards it working during the pandemic, I wonder what kind of trigger would it take to cause a collapse. Not saying it won't happen, just wondering what will it take, since the pandemic was not enough.

Robert Kiyosaki is a known economist and a business person and has some expertise when talking about the market condition somewhat in the future. But it doesn't mean that he is all be gonna right about his insights and predictions, it possible he can be wrong as the market will change from time to time.

But, we can't just set aside that he might be right. Well, there is nothing wrong to believe him or ignore him. It was our discretion anyway but for me, I have to prepare for it than do nothing.

[Ceyflix-Rez]

Yes I do believe because the market have been in huge profits since the beginning of Covid battle in 2020 march and till date BTC and other coins have shown tremendous growth, it's time to pay back what was taken from the market by bear market, what goes up must come down

[m2017]

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! 


 

It turns out that Robert is an experienced and successful economic analyst ... but I thought he was an ordinary writer who sells air in his books under the guise of advice. Yes, of course, he made a good fortune from his books. Hmm, then tell me what % of people who bought and read his book became millionaires? I know only one millionaire in this story. The one who sold these books.

If I have a toothache, then I go to the dentist, not the carpenter. Why are you listening to someone who is not an expert in this field?

P.S. I apologize if I hurt the feelings of those who believe in Kiyosaki and profess his ideology.

[Silberman]

A new economic crash is not a new idea. Economists have been saying for years that we are due for another big one. However, even though some models and calculations do predict crashes and a market correction (not just in crypto but in general),  but we have been able to avoid one when we were the most susceptible to it when the pandemic started. Now that we have more or less managed to fine-tune our economy towards it working during the pandemic, I wonder what kind of trigger would it take to cause a collapse. Not saying it won't happen, just wondering what will it take, since the pandemic was not enough.

It is still too soon to tell if the pandemic is not going to be enough to bring down the economy, the inflation is too high and people are suffering the effects of it, if this continues, and I do not see a reason for this to not be the case, then slowly but surely the economy is going to keep deteriorating, and if that is the case then it is possible we do not need a big event to take the economy down, since it would be weakened enough that it could fall by itself.

[titular]

We went on the news a while back to let everyone know the economy is f*cked. He also suggested people begin "hoarding" bitcoin (and ethereum) to counter this insane inflation we are seeing.

I have read Rich Dad, Poor Dad several times over my life. Still a great yearly read. Sure some of my opinions have changed since really diving into bitcoin, but still quality information.

[blockman]

Yes I do believe because the market have been in huge profits since the beginning of Covid battle in 2020 march and till date BTC and other coins have shown tremendous growth, it's time to pay back what was taken from the market by bear market, what goes up must come down

It's the cycle. Just after a bull run, what do we expect next? If there's the extension of the bull run, he'll just said the same thing that a crash is about to happen. Not only for the crypto market but for the stock market too. It's like that and there's no changing of his statement because it will come eventually no matter how long the bull market stays with us,
Just as the other economists are telling despite not being a real economists but they've became successful with their investments are telling the same thing about an economic crisis.

[Mahanton]

Yes I do believe because the market have been in huge profits since the beginning of Covid battle in 2020 march and till date BTC and other coins have shown tremendous growth, it's time to pay back what was taken from the market by bear market, what goes up must come down

It's the cycle. Just after a bull run, what do we expect next? If there's the extension of the bull run, he'll just said the same thing that a crash is about to happen. Not only for the crypto market but for the stock market too. It's like that and there's no changing of his statement because it will come eventually no matter how long the bull market stays with us,
Just as the other economists are telling despite not being a real economists but they've became successful with their investments are telling the same thing about an economic crisis.

Come to think off that a market could really only have two possible paths or ways to make which is to pump or to dump/correction which is a typical phase that could really happen on a market
which people should really be getting used to it and about people do make out speculative calls about market crashes and even positive views then i do mostly ignore them which i do say
the best thing to be done rather than making yourself get scared nor get too hyped on what they are speculating because we know that no human being could ever
know on what would happen ahead.

[Kasabus]

Yes I do believe because the market have been in huge profits since the beginning of Covid battle in 2020 march and till date BTC and other coins have shown tremendous growth, it's time to pay back what was taken from the market by bear market, what goes up must come down

It's the cycle. Just after a bull run, what do we expect next? If there's the extension of the bull run, he'll just said the same thing that a crash is about to happen. Not only for the crypto market but for the stock market too. It's like that and there's no changing of his statement because it will come eventually no matter how long the bull market stays with us,
Just as the other economists are telling despite not being a real economists but they've became successful with their investments are telling the same thing about an economic crisis.

Come to think off that a market could really only have two possible paths or ways to make which is to pump or to dump/correction which is a typical phase that could really happen on a market
which people should really be getting used to it and about people do make out speculative calls about market crashes and even positive views then i do mostly ignore them which i do say
the best thing to be done rather than making yourself get scared nor get too hyped on what they are speculating because we know that no human being could ever
know on what would happen ahead.

We all know that there are chances for a market crash in the future but we can't tell precisely when will it hit the market. So this made me realized that we should always seize every good opportunity that comes and cash out our profits so we can prepare once a market crash happens. Because when that happens, i guess trading will be very hard to make profits by that time and the best thing we can do is just to sit back and relax, and watch out for our investments seeing their prices continue to decline.

[hello_good_sir]

Man has 1 hit book and everyone believes his mantra instantly.

If you believe his doom and gloom mentality then you would have missed out on one of the biggest bull markets in history, and thousands of percent in ROI.

I don't believe that a crash would necessarily happen but I do believe in the insidious effects of inflation, which are very well documented.

[Wawa2013]

Yes I do believe because the market have been in huge profits since the beginning of Covid battle in 2020 march and till date BTC and other coins have shown tremendous growth, it's time to pay back what was taken from the market by bear market, what goes up must come down

It's the cycle. Just after a bull run, what do we expect next? If there's the extension of the bull run, he'll just said the same thing that a crash is about to happen. Not only for the crypto market but for the stock market too. It's like that and there's no changing of his statement because it will come eventually no matter how long the bull market stays with us,
Just as the other economists are telling despite not being a real economists but they've became successful with their investments are telling the same thing about an economic crisis.

We can't expect the crypto market to continue to be bullish forever, because in the end we can't prevent the bears from coming. This is a cycle that
does occur in the crypto market, if there is a bullish trend there will be a bearish trend, and vice versa. So there's no need to worry if bearish comes,
as long as we can be patient and hold potential coins, we can wait until the bullish trend comes back. Therefore when the crypto market is bullish
we should take profit, so that when the bears come we can buy more coins. Indeed, the crypto market keeps repeating itself, depending on how we
deal with it. The crypto world works like that, that is why it is important that we learn everything about cryptocurrencies before deciding to invest
in crypto. So that we really understand how crypto works, so we won't panic when the market crashes.

[Oceat]

Man has 1 hit book and everyone believes his mantra instantly.

If you believe his doom and gloom mentality then you would have missed out on one of the biggest bull markets in history, and thousands of percent in ROI.

I don't believe that a crash would necessarily happen but I do believe in the insidious effects of inflation, which are very well documented.

Everyone can be a speculators but it's up to us on who we like to believe the most and based on the previous post above, Robert Kiyosaki is just permabull of metal and not in crypto or fiat. I think we all know where this is going to end if we follow his prediction and most people would live in a constant fear of thinking there is an economic crisis. But just like what you said, inflation will be the cause of something like economic crisis or market crash but thanks to Bitcoin, we can save our own money without having affected with the inflation.

[Congyang]

A new economic crash is not a new idea. Economists have been saying for years that we are due for another big one. However, even though some models and calculations do predict crashes and a market correction (not just in crypto but in general),  but we have been able to avoid one when we were the most susceptible to it when the pandemic started. Now that we have more or less managed to fine-tune our economy towards it working during the pandemic, I wonder what kind of trigger would it take to cause a collapse. Not saying it won't happen, just wondering what will it take, since the pandemic was not enough.

when there has been talk like this being ready to buy when the price is down isn't this some kind of code so that we don't sell it when that time comes.
actually this can be used as a reminder and reference that billionaires are expecting a price reduction so that we don't panic too much when it arrives because they are ready to buy in large quantities and this can be used for us to hold on to the assets we have and increase the load following the flow. that exist for our own sake

[Finestream]

Man has 1 hit book and everyone believes his mantra instantly.

If you believe his doom and gloom mentality then you would have missed out on one of the biggest bull markets in history, and thousands of percent in ROI.

I don't believe that a crash would necessarily happen but I do believe in the insidious effects of inflation, which are very well documented.

Everyone can be a speculators but it's up to us on who we like to believe the most and based on the previous post above, Robert Kiyosaki is just permabull of metal and not in crypto or fiat. I think we all know where this is going to end if we follow his prediction and most people would live in a constant fear of thinking there is an economic crisis. But just like what you said, inflation will be the cause of something like economic crisis or market crash but thanks to Bitcoin, we can save our own money without having affected with the inflation.

Inflation has always been inevitable for fiat but with bitcoin, its definitely a tool to combat inflation. But i still believe that this crypto market will face another market crash in the future, since its really possible to happen. But it should not be that we will come to develop constant fear while waiting for it. Instead, just prepare yourself and most likely your funds as its always uncertain when will it happen. If you have stable funds already, i guess there's nothing to worry about having a market crash since it brings opportunity aside to accumulate more potential coins and diversify our portfolio. So its definitely not a loss for us.

[wxa7115]

Man has 1 hit book and everyone believes his mantra instantly.

If you believe his doom and gloom mentality then you would have missed out on one of the biggest bull markets in history, and thousands of percent in ROI.

I don't believe that a crash would necessarily happen but I do believe in the insidious effects of inflation, which are very well documented.

To me a crash seems possible, now the problem is that when people talk about the economy crashing some imagine an event that takes us back several centuries to the past, but a crash does not have to be that big.

Most likely we could see a crisis similar in scope to what we saw in 2008, and while it would be bad we will eventually recover from it, however the most important thing to know is how bitcoin will react in that scenario, and it think bitcoin will do great as people will look for ways to protect themselves from that crash and bitcoin is going to be one of the best options they are going to have available to protect themselves from it.

[Gyfts]

Don't know Robert Kiyosaki, so whatever views are on the markets crashing is irrelevant. You can't predict when the next crash will happen with any degree of certainty. You can use economic indicators to make inferences, but they're only as good as the data you have in front of you. The possibility of an economic crash happening again is certain, predicting when it happens is guesswork. My prediction is the next economic crash could be over the student loan "bubble" that's forming. Essentially the price of higher learning is increasing and outpacing the cost of any other services, and so eventually there will be a tipping point at which the loans will no longer be paid back because the potential earnings of a student outpace the loan amount plus interest, and thus the bubble pops. This is mainly a US consideration, but China's economy also isn't doing great. And so if China first, the US will follow soon after.

[Oasisman]

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! 
 

I'm actually waiting for the big crash to happen, and It seems like it is nearing to happen as Bitcoin price is gradually going down.
This advice from Robert Kiyosaki is actually an opportunity to earn more profit in the future, because Bitcoin is always gonna bounce back stronger after a bearish season.
Market crash isn't something to be worried of, and It's already expected after a long bullish run, the market needs to consolidate to continue moving forward.

[bitgolden]

I'm actually waiting for the big crash to happen, and It seems like it is nearing to happen as Bitcoin price is gradually going down.
This advice from Robert Kiyosaki is actually an opportunity to earn more profit in the future, because Bitcoin is always gonna bounce back stronger after a bearish season.
Market crash isn't something to be worried of, and It's already expected after a long bullish run, the market needs to consolidate to continue moving forward.

You are sounding like market crash on crypto space but I guess OP is all about worldwide economic slowdown and then tis consequence of market crash on every country's economy and not just limited to crytpo space. I mean if another economic recession comes like 2008, I guess crypto will boom whereas stocks will fall. So, you may NOT get chances to accumulate bitcoin at cheaper prices, lol.

Moreover, that is is my basic idea about cryptocurrency against world economy but anything could happen because when pandemic hit for the first time, cryptocurrency also reacted to it but bounced back quicker than stock markets.

[Betwrong]

I'm actually waiting for the big crash to happen, and It seems like it is nearing to happen as Bitcoin price is gradually going down.
This advice from Robert Kiyosaki is actually an opportunity to earn more profit in the future, because Bitcoin is always gonna bounce back stronger after a bearish season.
Market crash isn't something to be worried of, and It's already expected after a long bullish run, the market needs to consolidate to continue moving forward.

You are sounding like market crash on crypto space but I guess OP is all about worldwide economic slowdown and then tis consequence of market crash on every country's economy and not just limited to crytpo space. I mean if another economic recession comes like 2008, I guess crypto will boom whereas stocks will fall. So, you may NOT get chances to accumulate bitcoin at cheaper prices, lol.

Moreover, that is is my basic idea about cryptocurrency against world economy but anything could happen because when pandemic hit for the first time, cryptocurrency also reacted to it but bounced back quicker than stock markets.

It could be that the chance to accumulate bitcoin at cheaper price is now. Bitcoin was above the current price most of the time in 2021. Those who want to buy cheap BTC can try to wait until another $30k, but it's risky because it may never happen. Each time BTC was briefly around $30k in 2021, it was bouncing up quickly from there.

Regarding Kiyosaki, it's actually good to read experts' opinions, but imo he's not even in the top 100 you should read.

[STT]

He wrote a book and his basic message is hold and use your own property largely because its one of the most tax favorable assets you can have.   Not sure I have the patience to listen to him more then that, it is a biased system and its not fair or actually a properly capitalist based economy but that can be stated alot more succinctly then he manages.
   Theres a few like him that can be listened to in variable amounts, I wouldnt exactly recommend them as they all have faults in their approach but its good to recognize long term success each 'expert' might have had.