Robert Kiyosaki, the Rich Dad Poor Dad author, has once again showcased his confidence in the future prospect of Bitcoin (BTC), the largest cryptocurrency by market capitalization.
In a tweet that has since gone viral, Kiyosaki pointed out that only losers quit when they lose. He said this to describe the current situation in the crypto market, in which virtually all cryptocurrencies, including Bitcoin (BTC), struggle to maintain their vital support levels.
In the tweet, the veteran investor said he’s expecting Bitcoin to drop to $1,100. Instead of being dissuaded if it happens, he will wait for recovery to buy more. He added that if BTC drops below his target price, he will wait for losers to capitulate so he can buy more.
We Are On Twitter: Follow Us
Robert Kiyosaki tweeted, “RICH Dad lesson. “LOSERS quit when they lose.” Bitcoin losers are quitting some committing suicide.’WINNERs learn from their losses. I am waiting for Bitcoin to “test” $1100. If it recovers I will buy more. If it does not I will wait for losers to “capiulate” quit then buy more.”
Meanwhile, Cheds, a pseudonymous crypto analyst and trader, has sent a note of warning to crypto traders and investors that Bitcoin (BTC), the largest crypto by market capitalization, could soon continue its steep fall.
Read Also: Top Strategist Maps out Path Ahead for Bitcoin (BTC), Says Altcoins May Go Ballistic This Week
In a recent strategy session, the crypto analyst stated that Bitcoin (BTC) is still in a macro downtrend and its recent rally from the low of $17,600 will likely end soon.
“I’m looking at the daily chart. [It] looks like a bear continuation. I can draw a bear pennant. I can draw a bear flag. I can draw a rising wedge. It just feels so far kind of a minor relief rally. Got the volume [downtrend], standard volume trend, which means this channel is like one to two days from being done. We are one to two days from [BTC] making a move.”
At the time of filing this report, Bitcoin (BTC) is trading at $20,316, with a relatively 2% price downtrend in the last 24 hours, according to CoinMarketCap.
Follow us on Twitter, Facebook, Telegram, and Google News
Price predictions are increasingly becoming an intrinsic feature in the crypto landscape, and a famous…
In 2014, Ethereum’s Initial Coin Offering (ICO) took the world of cryptocurrency by storm, raising…
Shiba Inu is experiencing a surge in market activity, capturing attention with approximately 17 trillion…
Crypto chartist CryptoAmsterdam recently advised Shiba Inu (SHIB) investors to view every price dip as…
David Schwartz, Ripple’s Chief Technology Officer, recently highlighted significant distinctions between contracts and “reasonable reliance,”…
Bitcoin's recent all-time highs have brought the cryptocurrency market to a crucial turning point that…