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Author Topic: A friendly reminder by the Author of Rich Dad Poor Dad should be taken serious  (Read 199 times)
uneng
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September 18, 2023, 06:32:31 PM
 #21

Good that he is using his influence to promote Bitcoin to potential new adopters for a while already. As far as I know, he endorses Bitcoin investment for years already, so he isn't the usual crypto promoter who uses his popularity to boost an altcoin because he is partnered with it. That is a positive point for him.

Anyway, anyone with basic financial education should be investing in BTC nowadays, even if in minor scale, despite their social status, educational backgrounds and despite it being promoted by authors and celebrities.

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September 18, 2023, 06:48:06 PM
 #22

However, he is correct in that the bitcoin price will reach $120,000 very soon. It probably won't happen next year though, but maybe in two years.

Will it stay at $120k or will it briefly touch it before crashing? How many people will use the opportunity to dump at $120k and how many will decide that this isn't the peak, or will just miss it because it lasts only a few hours and they were sleeping when that happened.

I think all this hype about certain price milestones distracts investors from actually investing - buying and selling to take profits at a good price.
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September 18, 2023, 07:11:31 PM
 #23

Robert Kiyosaki made his fortune from selling "Rich Dad, Poor Dad" book, not by using the methods that are actually in the book. the Rich Dad doesn't exist, unless there is something he is hiding from everyone.

However, he is correct in that the bitcoin price will reach $120,000 very soon. It probably won't happen next year though, but maybe in two years.
Bitcoin will definitely reach that certain amount, although we don’t know when is that certain time. But as we all know, bitcoin will never settle into a low price but it’s always on its new all time high. That is the reason why  the best thing to do as early as now is to prepare our bitcoin portfolio. With patience through long term hodling, that certain price for bitcoin will eventually happen one of these days.
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September 18, 2023, 07:21:21 PM
 #24

Robert kiyosaki was always very positive about cryptos. Not any cryptocurrency though, but Bitcoin. He is also very positive about gold and he often refers gold as God's Money.

It makes sense because fiat has unlimited supply whereas Gold and Bitcoin has limited supply. If we consider the time aspect of it, Bitcoin and Gold can easily become the most valuable assets of your portfolio.

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September 18, 2023, 07:21:23 PM
 #25

For a long time, BTC seemed not bullish to me. It's most likely due to the world encountering an economic crisis. People who love Bitcoin should have enough funds to invest in it to see a bull market. Also, a lot of FUD has been brought to the market. So for this year, I don't expect Bitcoin to break ATH. That's the reason why some people assume next year will be a Bitcoin bull market. Also, there is coming halving, which would create a FOMO. Don't expect above $100K, but would break previous ATH by the next year.

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September 18, 2023, 07:30:25 PM
 #26

~
From experience, the opinions of these people can just easily change, so best not to take whatever they say seriously. As a person interested in Bitcoins, have your own opinions that have been formed from strong facts that you have researched on.

With your own strong opinions, you will not be too concerned with whatever these people who claim to be financial experts, CEOs and billionaires have to say concerning bitcoins.

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September 18, 2023, 07:48:01 PM
 #27

However, he is correct in that the bitcoin price will reach $120,000 very soon. It probably won't happen next year though, but maybe in two years.

What i understood is that market is predictable and anyone could speak positive about the market and that of bitcoin and other related cryptocurrency, actually Kiyosaki is an author and he could do that to draw more attention from people especially in the digital world as an alternative means of marketing himself since they all knew where the world is driving to.

Maybe he could do that for more visibility and to gain attention to his already published books and the rest, well I am rest assured of that which we can't doubt over it and anyone could come speak but that may not happen instead although they could means by next year but the market doesn't follows anyone's speculation or prediction to give a total out of the year as we may think.

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September 18, 2023, 08:52:19 PM
 #28

As the halving and bull run season approaches, different optimistic opinions on bitcoin and its price will be expressed. ​At this moment, when the price of bitcoin is poised to skyrocket and make people millionaires in two years, there are a lot of people who want to voice their opinions.

Even before Kiyosaki made his encouraging remarks about bitcoin, many individuals already had a strong belief in it and what it would eventually replace. ​

In other words, we are not taking Bitcoin seriously because Kiyosaki says so. we have already taken bitcoin seriously without Kiyosaki's or anybody words.

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