Crashes are The Best Times to Get Rich - Robert Kiyosaki

[Furious 7]

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

He is precisely correct because these crashes are the one that will give you huge percentage of profit once the market goes up again rather than buying only when it starts to go up or everyone is bullish again. If you want to maximize the profit that you'll earn, don't be afraid to buy during these crashes. But keep in mind that don't go all-in during those time as no one knows if it will dip more. Always have a fund incase it goes deeper even more.

True, in this case the market provides a very large opportunity for such things because indeed with an accident like this happening indirectly it provides an opportunity that will indeed be very difficult for the same thing to happen again when we want the bullish time to come. So, why not make the most of it. Utilization like this is the best thing to do instead of continuing to speculate without doing anything.

[fullhdpixel]

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

He is precisely correct because these crashes are the one that will give you huge percentage of profit once the market goes up again rather than buying only when it starts to go up or everyone is bullish again. If you want to maximize the profit that you'll earn, don't be afraid to buy during these crashes. But keep in mind that don't go all-in during those time as no one knows if it will dip more. Always have a fund incase it goes deeper even more.

Yeah, and it's a no brainer, market crashes offer a lot of opportunities for us. Just imagine buying our favorite crypto as a discounted price. This has been a proven strategy already. But some reasons, newbies are not aware of this effective strategy. So they don't buy when there is crashes, but instead when the price is at the top price. It will take them experience to totally understand what a bearish market could bring for them. It's not all negative, on the contrary, it's an opportunity that might not come along again.

It's true for those who know how to use it but it is not true for someone because when the market crash this is a time for them to lose. They will worry and then they will sell at a loss. You said a crash can offer a lot of opportunities, but what could they be? I only know one opportunity and that is you can buy at a discounted price.

Selling for a profit is another story because that mainly happens when there is an increase that happens in the price or when the crashes are over. Buying at the top is risky but it is also possible for them to earn a profit this way as long as it was the top coins are the ones that they are buying not the sh!t coins.

[Oasisman]

That's proven and tested for Bitcoin. Once you purchase during the crash, you'd be lucky sitting there waiting for your retirement plan or lambo lol. However, finding or waiting for the bottom dip might be a little harder than what everybody thinks. It's not guaranteed and you might miss the buying opportunity when you do nothing during the crash because you're waiting for the absolute bottom.

[Finestream]

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

The key to get rich in crypto is to always seize in every market crash because aside from the fact that you can maximize your purchase, your expected profits will definitely increase and become huge. The reason why we should always be greedy when bitcoin price continues to drop, even if others have become fearful. The more bitcoin we can add on in our portfolio, the safer our investments, the brighter our future will be.

[worle1bm]

That's proven and tested for Bitcoin. Once you purchase during the crash, you'd be lucky sitting there waiting for your retirement plan or lambo lol. However, finding or waiting for the bottom dip might be a little harder than what everybody thinks. It's not guaranteed and you might miss the buying opportunity when you do nothing during the crash because you're waiting for the absolute bottom.

But that's the point only few out of them have that long term holding mindset others simply sell with little profits while the other group of panic sellers is present.They will buy at specified price and if it went below that they will start selling without even realising the dips and volatility as if it will not rise above again.So the best is to buy during these red graphs and hold for long term.

[QuoteColo_Sean]

I respect Robert T Kiyosaki but I think his current view is not accurate, if you wait for the bottom you won't get it. The chances of reaching 11k or 17k are very difficult compared to returning to the heights of 40 thousand, so I think that the reason for this prediction is to follow the same approach that happened in 2018 when the price fell after a month of stability.

Things in the world are still ambiguous, but by the end of the year we will witness good rises, and therefore expecting a bottom beyond 20k is difficult.

Completely agree with you here. There is no telling in how much BTC is going to plunge. In fact, as you mentioned, predicting the bottom to be 11-17k would be a more difficult thing to happen than BTC reaching 40k again. I feel that BTC is approaching its bottom and has a great chance to start rising to new heights after the next halving. It's not completely unpredictable and will rise again at some point in the future. In a sense, Robert T Kiyosaki makes a good point, but it's not possible to predict the bottom that he is hoping for. For what its worth, getting on board with mining sooner rather than later will benefit us all in the long run.

[Cling18]

The key to get rich in crypto is to always seize in every market crash because aside from the fact that you can maximize your purchase, your expected profits will definitely increase and become huge. The reason why we should always be greedy when bitcoin price continues to drop, even if others have become fearful. The more bitcoin we can add on in our portfolio, the safer our investments, the brighter our future will be.

They say that the bigger risk, the bigger the rewards that we could gain. Sometimes, fear keeps us away from financial freedom. Because of the fear of the bear market, we always miss the chance of accumulating coins at a cheaper price and buying them during the bullish season because of the fear of missing out which is a common mistake. If we want good profit, we have to face our fears and buy potential coins that we trust.

[Welsh]

It's the far better option for most people regardless if it's a bear market or a bull market. Timing markets wrecks inexperienced people, which is pretty much a huge majority of people.

I guess that's only really applicable if they're trading, rather than holding. Well, at least up to this point it would've been. Obviously, history isn't guaranteed to repeat itself. However, I should think that most of us on here, have greater sights in mind when it comes to price, at least for the long term.

So, crashes technically are the best time to accumulate as much as possible, and then holding for long term looks like a high likelihood of profiting. It's whether or not you can weather the storms in between.

[Yogee]

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.

So what do you think of his advice now? BTC may not have dropped to $20K yet but it's close right? It could even get there in a matter of hours. He may have made money selling books but that doesn't mean he hasn't learned a thing about investments all these years. For sure he also have some analyst friends who share their view of the market.

[YinShuiSiYuan]

True, in this case the market provides a very large opportunity for such things because indeed with an accident like this happening indirectly it provides an opportunity that will indeed be very difficult for the same thing to happen again when we want the bullish time to come. So, why not make the most of it. Utilization like this is the best thing to do instead of continuing to speculate without doing anything.

You are so right in saying this. When bitcoin is high we all say we will buy once it come down and when price of bitcoin fell down we start speculating that it's uncertain, bitcoin may collapse to 20k and bla bla. Right now bitcoin  is 23k$ and its best to accumulate it at this price.

[el kaka22]

Robert Kiyosaki always talks about real estate, and I get it, USA is one of the best places to invest for real estate, but not every nation is like that, some parts of the world where houses are SUPER expensive, like literally 200 years of minimum wage salary worth of houses, when you are making just a bit more.

I would need to work for 87 years to buy a house without spending a dime, does that make sense as an investment? But the idea could be replicated for crypto, the market is low, and it will recover "eventually", maybe not today, but it will happen one day and we could literally profit from that whenever we want to, that is the most important part.

[serjent05]

That's proven and tested for Bitcoin. Once you purchase during the crash, you'd be lucky sitting there waiting for your retirement plan or lambo lol. However, finding or waiting for the bottom dip might be a little harder than what everybody thinks. It's not guaranteed and you might miss the buying opportunity when you do nothing during the crash because you're waiting for the absolute bottom.

That is why there is this method called Dollar-Cost Averaging.  It is a method where we buy every dip in a crashing market to lower the average price of the item and maximize our profit when we decided to sell it when the market becomes bullish.

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.

So what do you think of his advice now? BTC may not have dropped to $20K yet but it's close right? It could even get there in a matter of hours. He may have made money selling books but that doesn't mean he hasn't learned a thing about investments all these years. For sure he also have some analyst friends who share their view of the market.

You beat me .  I was about to ask the same thing now that the BTC price is close to Kiyosaki's entry price.

[Kimonoe]

True, in this case the market provides a very large opportunity for such things because indeed with an accident like this happening indirectly it provides an opportunity that will indeed be very difficult for the same thing to happen again when we want the bullish time to come. So, why not make the most of it. Utilization like this is the best thing to do instead of continuing to speculate without doing anything.

You are so right in saying this. When bitcoin is high we all say we will buy once it come down and when price of bitcoin fell down we start speculating that it's uncertain, bitcoin may collapse to 20k and bla bla. Right now bitcoin  is 23k$ and its best to accumulate it at this price.

actually no one knows until what price bitcoin will drop, but indeed many predictions have come out of various people, for me personally now is a golden moment to buy and set aside capital in the event of a crash again, so that we have the opportunity to get the best price to buy, and it's easier to make a profit. Many people spend their capital in one price, so sure, but reality says otherwise, so they are frustrated because it floats.

[Silberman]

True, in this case the market provides a very large opportunity for such things because indeed with an accident like this happening indirectly it provides an opportunity that will indeed be very difficult for the same thing to happen again when we want the bullish time to come. So, why not make the most of it. Utilization like this is the best thing to do instead of continuing to speculate without doing anything.

You are so right in saying this. When bitcoin is high we all say we will buy once it come down and when price of bitcoin fell down we start speculating that it's uncertain, bitcoin may collapse to 20k and bla bla. Right now bitcoin  is 23k$ and its best to accumulate it at this price.

actually no one knows until what price bitcoin will drop, but indeed many predictions have come out of various people, for me personally now is a golden moment to buy and set aside capital in the event of a crash again, so that we have the opportunity to get the best price to buy, and it's easier to make a profit. Many people spend their capital in one price, so sure, but reality says otherwise, so they are frustrated because it floats.

I can understand that people are looking for the bottom as that is the optimal price at which we can buy or investments, but at the same time this is something so difficult to do that those which eventually do it did so just out of luck, and since we cannot depend on our luck when it comes to something so important that could even define our future then it is time to take action and buy bitcoin even if this is not the bottom, after all it makes not much difference over the long run if you buy now or later for a lower price.

[virasisog]

True, in this case the market provides a very large opportunity for such things because indeed with an accident like this happening indirectly it provides an opportunity that will indeed be very difficult for the same thing to happen again when we want the bullish time to come. So, why not make the most of it. Utilization like this is the best thing to do instead of continuing to speculate without doing anything.

You are so right in saying this. When bitcoin is high we all say we will buy once it come down and when price of bitcoin fell down we start speculating that it's uncertain, bitcoin may collapse to 20k and bla bla. Right now bitcoin  is 23k$ and its best to accumulate it at this price.

actually no one knows until what price bitcoin will drop, but indeed many predictions have come out of various people, for me personally now is a golden moment to buy and set aside capital in the event of a crash again, so that we have the opportunity to get the best price to buy, and it's easier to make a profit. Many people spend their capital in one price, so sure, but reality says otherwise, so they are frustrated because it floats.

I can understand that people are looking for the bottom as that is the optimal price at which we can buy or investments, but at the same time this is something so difficult to do that those which eventually do it did so just out of luck, and since we cannot depend on our luck when it comes to something so important that could even define our future then it is time to take action and buy bitcoin even if this is not the bottom, after all it makes not much difference over the long run if you buy now or later for a lower price.

A profit is still a profit and it's something that we must be grateful for no matter how big or small it is. It's fine if we wait for the bottom and aim for a higher profit but sometimes, our greed could lead us on the wrong path. As for me, as long as we're in the bearish season, we should take the chance to buy cheap coins with a high reputation. Being smart during the crashes will be an advantage.

[amishmanish]

Your strategy makes you rich. I earned good profits by investing during covid times in shares. I think same is true for crypto. Those who invested early in crypto are millionaires now. I am looking forward to invest in crypto,
I choose bitcoin and ETH as my safehouses for long term investments

[Sanitough]

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

In the crypto market, it's always the crash that creates a lot of opportunities to get rich in the future. Wise investors are doing this, the reason why they can maximize their profits when the market turns into bullish because they always make sure to never miss single opportunity brought by bear market. I just hope that those newbies with weak hands will realize this, so they won't easily get panic when the prices are crashing that resort into wrong decision making.

[milewilda]

Your strategy makes you rich. I earned good profits by investing during covid times in shares. I think same is true for crypto. Those who invested early in crypto are millionaires now. I am looking forward to invest in crypto,
I choose bitcoin and ETH as my safehouses for long term investments

Stick with BTC and some mix of those top altcoins in the market on which it could really give out that kind of assurance deep inside in terms of long term aspect on which people do usually sees off
about Bitcoin potential and some altcoins in the market.We are all hoping on becoming rich thats why we do really stick out into something which had been mainly supported by the community
but of course you shouldnt really exclude out the probabilities because anything could happen.In terms of opportunities then you should be wise on when to get in and
when to get out. Rinse and repeat and as long it do benefits or make profits then thats what matters.

[Captain Corporate]

That is exactly how most rich people got rich in investing world. Look at warren buffet and his portfolio, bank of america, american express, coca cola, geico. I mean these are all companies that are giants of their field, they are not some small investment thing that you could invest and get rich, even back when he invested, they were giants. So if you keep on investing into bitcoin and ethereum and bnb for example and keep doing this until you die, then you will die a very rich person most probably. Trying to find small cap stuff to get rich very quickly will almost always end up with you losing all of your money in a scam.

[South Park]

That is exactly how most rich people got rich in investing world. Look at warren buffet and his portfolio, bank of america, american express, coca cola, geico. I mean these are all companies that are giants of their field, they are not some small investment thing that you could invest and get rich, even back when he invested, they were giants. So if you keep on investing into bitcoin and ethereum and bnb for example and keep doing this until you die, then you will die a very rich person most probably. Trying to find small cap stuff to get rich very quickly will almost always end up with you losing all of your money in a scam.

True, but almost no one is willing to use the same formula as Warren Buffett, many people think of investing in a similar way they think of the lottery, they want to obtain tens of millions of dollars out of nowhere and they want this to happen relatively quickly, and this is not something that happens to most people at all, the truth is that if you want to get rich with investing you need to give it at least a few decades, otherwise the chances that you will fail go up almost exponentially.