Robert Kiyosaki advises to buy Bitcoin

[Yugocean]

The well-known author Robert Kiyosaki has issued a warning that the biggest economic crisis is coming, according to him, stock, bond, and real estate markets would crash as long as the Federal Reserve keeps hiking interest rates. Kiyosaki thinks bitcoin fixes this.

 

[fcbetting]

Unfortunately I think crypto still depends on Fiat market. We can see how BTC price drop when inflation started. I don't think BTC can handle this situation.atleast not yet.

 

[Mikky]

If Bitcoin will fix this according to kiyosaki, it will be better. I won't mind taking the risk even if it isn't Bitcoin, he also recommended Gold.

 

[cherry123]

I'm also looking at investing in Bitcoin even though this time the market isn't doing well but it still isn't a bad idea.

 

[Yugocean]

Unfortunately I think crypto still depends on Fiat market. We can see how BTC price drop when inflation started. I don't think BTC can handle this situation.atleast not yet.

Even fiat market depends on gold, gold depends on commodity, commodity depends on security. Or maybe virsa ise, there is everything complex

 

[fcbetting]

Even fiat market depends on gold, gold depends on commodity, commodity depends on security. Or maybe virsa ise, there is everything complex

I agree but gold price don't variate so much. Also countrys don't lose trust in gold standard as users in crypto and BTC.

 

[Yugocean]

I agree but gold price don't variate so much. Also countrys don't lose trust in gold standard as users in crypto and BTC.

Gold reserve is used to print currencies, or it was, also gold is used for jewellery , crypto isn't .

 

[cherry123]

I agree but gold price don't variate so much. Also countrys don't lose trust in gold standard as users in crypto and BTC.

More like Gold is a standard asset Everyone knowsd about it than BTC. trading it is alot better than gold

 

[Yugocean]

More like Gold is a standard asset Everyone knowsd about it than BTC. trading it is alot better than gold

Yet it is hard to keep gold, it will attract trouble too, BTC is easy, if you keep wallet safe.

 

[Hate2Wait]

I am dumb in understanding these things, Just tell me will it reduce the prices of Bitcoin and other crypto or it will help in the price increase

 

[cherry123]

But it should be able price increase . Anything less than that wouldn't make any sense I believe

 

[Mikky]

Yet it is hard to keep gold, it will attract trouble too, BTC is easy, if you keep wallet safe.

Would you mind explaining how gold will attract trouble? .I'm kind of confused.

 

[Yugocean]

Gold will attract troubles when, -
Thives, robbers etc will get their evil intention on it.
Government levy tax on gold.
Physical thing you will need to hide for safety, like bank locker.
Bitcoin fix this.

 

[fcbetting]

Gold attact thieves, BTC attract hackers. Gold will be transfered but not destroyed, BTC can transfered but deleted to.

 

[Yugocean]

Gold attact thieves, BTC attract hackers. Gold will be transfered but not destroyed, BTC can transfered but deleted to.

BTC cannot be deleted, it's complex, it remain in blockchain.
Gold is physical, more gold needs more space, while BTC is always in blockchain, you need keys to access it and transfer from one block to another.

 

[cherry123]

The two assets have their troubled so you just have to go for the one you can easily handled

 

[fcbetting]

BTC cannot be deleted, it's complex, it remain in blockchain.
Gold is physical, more gold needs more space, while BTC is always in blockchain, you need keys to access it and transfer from one block to another.

What ever is digital it can be deleted. There is a chance for recovery. For gold I am thinking on small users and nobody don't need so much space. If somebody have problems with space for gold he is extremely rich.

 

[cherry123]

I think a lot of people are into BTC now maybe it is because it is what one can easily invest in since it can with little money.

 

[Shavkat]

It is an interesting opinionated statements from him. I am not sure why BTC fluctuates its value these past few months though.

 

[Yugocean]

What ever is digital it can be deleted. There is a chance for recovery. For gold I am thinking on small users and nobody don't need so much space. If somebody have problems with space for gold he is extremely rich.

This is half information.
Bitcoin is not something to delete or recover. T u need to learn about blockchain and crypto, before making a conclusion. Any such delete/ recover if possible, has not yet invented.