Crashes are The Best Times to Get Rich - Robert Kiyosaki

[Dunamisx]

the best time to get rich is to get in during the market crash

this is a truth but which is only applicable to bitcoin and not other cryptocurrencies, i also believe that the best entry point for any business is when the market is down is price then one can make a buy, this is just the simple ideology in bitcoin market survey and price speculation, but back then there are more many things to take note other than just buying at low, I've seen many buying low and yet still run on a loss because they fail to study well the trend movement of volatility as the price keep falling after the earlier purchase.

He stated that if the Bitcoin market continues to plunge, he is ready to get in and start buying.  His entry window is when BTC touches $20k

getting so low to this range may not be necessarily visible for now but the extent to the level of the market research done alongside with the consideration of the halving event that took place may give more reasons to weather yes or no for an answer regarding bitcoin price coming down as low as $20k. but for the fact that Rober Kiyosaki is a social media influencial does not make a difference in whatever he said is true.

[teosanru]

It's obvious that crashes are undoubtedly the best time to be rich. Because crashes give you that opportunity to buy some great assets at heavy discounts, I would say crashes are nothing but Season sales which offer you merchandise at cheap rates only that these assets will reap you great benefits once the bull run kicks in. But the only problem why most people can't take benefit of this is because they feel these bear runs will never end they think market will go on to crash and will never ever recover and this panic is actually created by various people around them, if you make yourself confident enough that market will rise once again you will always invest heavily in bear markets.

[tabas]

I agree to what he said. Actually, I've watched his video that his first ever success is when he has bought silver. Imagine and think of this pandemic and many have crashed on 2020 during the surge but you see on the news, billionaires gained more billions.
Whilst the crypto market, it was the start of the bull run until last year. It's true that bear markets are the times of opportunity for someone who wishes to change their lives. But taking risk is a question for each of us if we're willing to bet on it when majority are seeing the crash and not optimistic about the view.

[Shasha80]

I agree to what he said. Actually, I've watched his video that his first ever success is when he has bought silver. Imagine and think of this pandemic and many have crashed on 2020 during the surge but you see on the news, billionaires gained more billions.
Whilst the crypto market, it was the start of the bull run until last year. It's true that bear markets are the times of opportunity for someone who wishes to change their lives. But taking risk is a question for each of us if we're willing to bet on it when majority are seeing the crash and not optimistic about the view.

That's why the gap between the poor and the rich is getting wider, because the rich have positive thoughts when the market looks bad.
They don't panic about a bear market, usually rich people will buy potential assets when a bear market occurs, that's what makes them richer.
So it's not wrong what Robert Kiyosaki said, we must dare to take risks by buying Bitcoin in the current bear market. But of course getting rich
from Bitcoin can't happen instantly, it takes patience and a long enough time for us to be able to generate large profits. Therefore if we are not
rich people and want to be rich, this year gives us the opportunity to become rich, if we can take advantage of the bear market that occurs
by collecting Bitcoin as much as possible according to the financial capabilities we have. Then after we collect Bitcoin, we can hold in the long term
and wait for the price of Bitcoin to rise very high. And I believe we will be rich in the future if we do that.

[lixer]

Having an optimist view despite the recent Bear trend and crashes is one of the better traits traders should have.  We have known Bitcoin to have the ability to rebound and yet many had been pessimists and lots lose hope.  We should look at this bear market in a different view rather than Bitcoin being Doom and as a matter of fact, many known billionaires gain lots of profit by investing in a crashing company or stocks but have been proven to recover.

So what do you think about Kiyosaki's point of view, is it possible that "crashes are the best time to get rich"?

His view is right but he is not the first one that says this. Words like this are always being used to encourage and motivate people to invest in crypto during the bears. He mentioned a lot of numbers there and it seems that he can not properly decide if what is the best number to use when predicting if what will be the possible bottom of btc. finally he end it out with 11k which is very low already in my opinion.

To some, the lowest that they predict for btc is 3k usd but again, I don't think this number is possible anymore. This is going to be an easy money for all of us, in the event btc goes back on this value. People would sell almost anything they got only to get their hands on a one whole bitcoin (lots of it).

[Captain Corporate]

Robert Kiyosaki is not the best place to learn about finance. I mean if you are starting new, like lets say you are just 15 years old, then you could shape the understanding of economy based on his ideas, because that will give you the basics, but the "unexpected" part of economy is the real trouble. With his "if you get a loan to buy a house, you will eventually get rich!!!" is just an old thing and not working anymore. Plus, at the same time when you are doing something like that, you are not going to end up being able to pay for your regular life expenses, mainly due to the fact that unexpected stuff would make it impossible to live without even further down the debt line.

[hatshepsut93]

Remember how Bitcoin crashed to $3k and a lot of people were waiting for it to crash to $1k, and they refused to buy until Bitcoin will drop to that level, and Bitcoin started growing very fast, so these people missed on the good opportunity because of their tunnel vision. Maybe we'll never see $20k again? Why not buy now or soon, if you believe that Bitcoin will be worth much more? Trading is not about buying at the absolute bottom and selling at absolute top, just making good profit consistently will make you rich.

[Viscore]

Rober Kiyosaki[1], a person popular in the network marketing industry and founder of Rich Global and Rich Dad Company[2] stated that the best time to get rich is to get in during the market crash.  He stated that if the Bitcoin market continues to plunge, he is ready to get in and start buying.  His entry window is when BTC touches $20k[3]

“BITCOIN CRASHING. Great news,” he tweeted recently. “I am waiting for Bitcoin to crash to 20k. Will then wait for test of bottom which might be $17k. Once I know bottom is in I back up the truck. Crashes are the best times to get rich.”

He also states that "Bitcoin is the future of money" and thinks that the bottom of this current bull trend would be below $11k. Read more here:

Having an optimist view despite the recent Bear trend and crashes is one of the better traits traders should have.  We have known Bitcoin to have the ability to rebound and yet many had been pessimists and lots lose hope.  We should look at this bear market in a different view rather than Bitcoin being Doom and as a matter of fact, many known billionaires gain lots of profit by investing in a crashing company or stocks but have been proven to recover.

So what do you think about Kiyosaki's point of view, is it possible that "crashes are the best time to get rich"?


[1] https://en.wikipedia.org/wiki/Robert_Kiyosaki
[2] https://en.wikipedia.org/wiki/Rich_Dad
[3] https://finance.yahoo.com/news/crashes-best-times-rich-why-120000932.html

I honestly believe that the way to become wealthy in crypto is to start taking advantage when the crypto market is crashing, particularly when bitcoin price has dropped so low. If we had started buying bitcoin 10 years ago, then we might have the same fortune by now. But that is not the real case. A lot of us has doubted bitcoin and never come to imagine that the price would go this far. And here we are now, not totally regretting but waiting for a big crash in the market that will definitely make bitcoin and the rest of established altcoins drop their prices at a very affordable price.

[Mahanton]

Remember how Bitcoin crashed to $3k and a lot of people were waiting for it to crash to $1k, and they refused to buy until Bitcoin will drop to that level, and Bitcoin started growing very fast, so these people missed on the good opportunity because of their tunnel vision. Maybe we'll never see $20k again? Why not buy now or soon, if you believe that Bitcoin will be worth much more? Trading is not about buying at the absolute bottom and selling at absolute top, just making good profit consistently will make you rich.

Everytime we do hit that all time low on a specific year then people do expect even more lower and some do see it as an opportunity and majority do see it that the market is nearing to an end which is something not that
right if you are dealing with crypto market or investment.Crashes do happen and bear market could take too long where your patience would be tested and this is why risk taking would really be depending into each person. If you are someone who do really love to take risk for the benefit on getting some profits in the future then go ahead but of course you should know the risk you are dealing with.
You cant just dive in without even awaring yourself.

[adaseb]

Keep in mind one thing. His predictions are almost as bad as Jim Cramer. Many of predictions never work out and he maybe was correct on a couple of predictions.

He called for a US recession for years and was wrong every time. And he I think was calling for Bitcoin to go higher when it peaked. So take everything he says with a grain of salt.

Now I agree with his statement that it’s best to invest in bear markets. In bull markets everyone makes money but not as much but in bear markets you make much more because you get great entries in many stocks or cryptos.

[Kakmakr]

I am busy reading one of his latest books called, "FAKE: Fake Money, Fake Teachers, Fake Assets: How Lies Are Making the Poor and Middle Class Poorer" and he does not pull any punches. 

I have read all his other books and I follow him on Social media... and he says it in the way it is. If the government is corrupt or if the educational system is flawed, he will say it.

So, I can understand why a guy like him will support Bitcoin, because he knows the Fiat system better than most people out there. 

[sunsilk]

Robert Kiyosaki is a writer and an advertiser, not an investor. He made his money selling a book, not by nailing bottoms. It's like taking medical advice from a car mechanic.

It's true that he's a writer but he speaks from his experience. I haven't bought his book and only taken a grasp of it from those "financial advisors" that have discussed the elements and contents of it.

There is a reality about taking those opportunities to buy during the crashes and corrections. It's like any person can tell that detail but knowing when it will happen is another question that one should determine.

It's good to listen for some piece of advise but you still need to analyze what you listen and what you have to get.

[LogitechMouse]

I'm always watching his videos on Youtube regarding financial literacy, advices for the millennials whatsoever and he is one of the most successful businessman in the world but I don't think that he also knows what is the bottom. Not even experts know it.

I agree with what he said though that crashes are the best time to be rich because he believes that markets move in cycles and I also believe in it as well. Markets tend to move up and down and when the market is down, that is the best time to buy stuff. Buying assets at lower price, taking advantage of the bear market by buying assets at a discounted price. As an investor, that is the best thing that you can do in order for you to get profits. This is the problem with most investors, they see crashes as worst time to buy while intelligent investors see this as an opportunity. I will not take his tweet as an advice though and it's better to just ignore it, stay with your plan and dollar-cost average as always.

[Lucius]

I will not go into who the person in question is at all, whether he is a skilled word manipulator or really knows what he is talking about is less important than the fact that many in this thread have already noticed. Anyone who understands the economy and the market knows that the best time to invest is when prices fall and everyone panics. But to invest in such times you must be prepared for a long-term investment if you want to make serious money.

The problem with Bitcoin investors is that they do the exact opposite, they buy during the bull run hoping for a quick profit, and sell during the bear market because they are afraid that they will lose everything they have. It’s easier to convince a frog not to jump into the water than to convince someone that it’s smart to invest in Bitcoin in the time ahead.

A few weeks ago, news emerged that Oracle of Omaha had invested over $40 billion in stocks, and man is only doing what makes sense at a time when it makes sense.

[avikz]

Rober Kiyosaki[1], a person popular in the network marketing industry and founder of Rich Global and Rich Dad Company[2] stated that the best time to get rich is to get in during the market crash.  He stated that if the Bitcoin market continues to plunge, he is ready to get in and start buying.  His entry window is when BTC touches $20k[3]

Absolutely no doubt here! It is indeed the best time to buy in and stay invested in the market if you have a stable source of income. I would say to reduce your eating out habit and save more during the current phase so that you can buy more and more of cryptos at the best price. I understand there is a panic around the market due to the crashes happening and with the high inflation rate but if someone has a stable source of income, they can certainly make big bucks out of this turmoil.

I remember one of my old friends did the same during 2008 sub-prime crisis and he had invested heavily into stock market when there was panic selling going on. In two years, he made 2 crore rupees (around 257k USD). It is a big money in my country. Then he invested that amount into real estate and now he has multiple sources of passive income through real estate rentals. I can see a similar time ongoing.

[laredo7mm]

I have seen some of his tweets and found those somewhat interesting. I think these people are the way to understand the next move in the market. All of their behavior is the same.

If you can remember last year when BTC touches the 60k market then most of the crypto influential says it will surely touch and cross the 100k mark which never happens. Actually, those were the indication of the top and later BTC goes close to 70k and crashes from there. Those influencers were actually selling their BTC when provoking people to invest more to hold their sell pressure. I think Robert Kiyosaki is already buying or already bringing a good chunk of BTC and the price of BTC will never go to 11k as he stated in his tweet. These tweets were just to provoke retail investors to sell off their bags so that these people can grab more without moving the market.

[Anonylz]

And the market has made it possible once again to buy btc at a cheap price, crashes are always good for those who understand the long-term goal. Mr. Robert Kiyosaki is absolutely right, what better time to buy if not now, people often complain when btc price is soaring high that it is too high for them to get in, here is an opportunity but I bet many people won't take advantage. They are waiting for the bottom even though it is not easy to know the bottom.

[dunfida]

Rober Kiyosaki[1], a person popular in the network marketing industry and founder of Rich Global and Rich Dad Company[2] stated that the best time to get rich is to get in during the market crash.  He stated that if the Bitcoin market continues to plunge, he is ready to get in and start buying.  His entry window is when BTC touches $20k[3]

Absolutely no doubt here! It is indeed the best time to buy in and stay invested in the market if you have a stable source of income. I would say to reduce your eating out habit and save more during the current phase so that you can buy more and more of cryptos at the best price. I understand there is a panic around the market due to the crashes happening and with the high inflation rate but if someone has a stable source of income, they can certainly make big bucks out of this turmoil.

I remember one of my old friends did the same during 2008 sub-prime crisis and he had invested heavily into stock market when there was panic selling going on. In two years, he made 2 crore rupees (around 257k USD). It is a big money in my country. Then he invested that amount into real estate and now he has multiple sources of passive income through real estate rentals. I can see a similar time ongoing.

If you dont know on how to play with your funds or being smart on how to diversify then you wont really be reaching into a point on having that financial freedom due to your lots of source of income which everybody

is trying to attain which is something that hard if you dont do something and of course if you dont plan up that much.It do all matters on risk taking specially on bear/fear/crash moments or times in the market.

If you do really see yourself to freak out then this place isnt for you because if you do really mind about potential then you wont really hesitate.

[Kasabus]

Rober Kiyosaki[1], a person popular in the network marketing industry and founder of Rich Global and Rich Dad Company[2] stated that the best time to get rich is to get in during the market crash.  He stated that if the Bitcoin market continues to plunge, he is ready to get in and start buying.  His entry window is when BTC touches $20k[3]

“BITCOIN CRASHING. Great news,” he tweeted recently. “I am waiting for Bitcoin to crash to 20k. Will then wait for test of bottom which might be $17k. Once I know bottom is in I back up the truck. Crashes are the best times to get rich.”

He also states that "Bitcoin is the future of money" and thinks that the bottom of this current bull trend would be below $11k. Read more here:

Having an optimist view despite the recent Bear trend and crashes is one of the better traits traders should have.  We have known Bitcoin to have the ability to rebound and yet many had been pessimists and lots lose hope.  We should look at this bear market in a different view rather than Bitcoin being Doom and as a matter of fact, many known billionaires gain lots of profit by investing in a crashing company or stocks but have been proven to recover.

So what do you think about Kiyosaki's point of view, is it possible that "crashes are the best time to get rich"?


[1] https://en.wikipedia.org/wiki/Robert_Kiyosaki
[2] https://en.wikipedia.org/wiki/Rich_Dad
[3] https://finance.yahoo.com/news/crashes-best-times-rich-why-120000932.html

With my long stay here in the crypto market, i realized that it's really the big crashes that make the best time to invest in the market. Although not all realized that but the truth is the bear market is always the start of wealth accumulation. The reason why a lot starts to acquire a lot of bitcoin during bearish market because it could make them instantly rich once bull run starts.

[EdenHazard]

And the market has made it possible once again to buy btc at a cheap price, crashes are always good for those who understand the long-term goal. Mr. Robert Kiyosaki is absolutely right, what better time to buy if not now, people often complain when btc price is soaring high that it is too high for them to get in, here is an opportunity but I bet many people won't take advantage. They are waiting for the bottom even though it is not easy to know the bottom.

He is talking the truth though..

If you have ever experienced to buy 1 bitcoin at $500 when everyone else thinks that it is the end for bitcoin as the crash from thousands dollar have never been imagined.
But then you had a strong believer then hold it on till last year worth $60k each ..
Then you wilk know that kiyosaki are really talking the truth!