Crashes are The Best Times to Get Rich - Robert Kiyosaki

[Dave1]

And now that we are in a crash again, this is another best time to get rich but accumulating a lot of BTC. We don't know though if it will still continue to go down or this might be the lowest low for this year. But still, we don't need to wait for another perfect opportunity. Just DCA or just buy in chunk in you have the money. This kind of opportunity might not come again, so better take that advantage.

[Wong Gendheng]

I think so, when the market crash then the smart investor will buy instead of selling because of panic and loss, this is the easiest way if we want to profit, even I wait if the price of bitcoin drops again under $ 20k then I will buy more, in binance and FTX I have put up a buying price of $ 18k bitcoin.

[Oluwa-btc]

And now that we are in a crash again, this is another best time to get rich but accumulating a lot of BTC. We don't know though if it will still continue to go down or this might be the lowest low for this year. But still, we don't need to wait for another perfect opportunity. Just DCA or just buy in chunk in you have the money. This kind of opportunity might not come again, so better take that advantage.

And wouldn't be a bad idea if folks can also start to learn and unlearn some stuffs such as not workings for money cause of them desires and greed, they should learn about financial education, in this crashes it's also not about stacking and holding bulks of BTC but also knowing how money works. Financial education and Financial intelligence are two problems of most humans, even as grown ups, they literally lacks of them qualities.

According to Robert Kiyasoki, in crises like this, we should look out for the opportunities and not just the problems. Asides he's wife, he said, " in depressed time's your investment, your big businesses, employee's and employers won't strive much.

[justdimin]

I think so, when the market crash then the smart investor will buy instead of selling because of panic and loss, this is the easiest way if we want to profit, even I wait if the price of bitcoin drops again under $ 20k then I will buy more, in binance and FTX I have put up a buying price of $ 18k bitcoin.

Unfortunately many "not so smart" investors are selling right now, that is the reason why it is going down as well. I mean how could the market go down that means there needs to be someone selling otherwise it couldn't go down, and that is usually the newbies that are making a big mess out of this.

This is why I have to say that the best thing about the current situation is that MAJORITY of people are doing the wrong thing, and let them do it, it's fine by me because when bitcoin goes back to 100k and they get back when itis 50k or 60k, they will say "I wish I bought it when it was 20k, but I sold instead" and will only try to recoup their losses, when I would be counting my profits instead.

[Ucy]

Things are different this time unfortunately. The market trend honestly depends on the one who controls it... The one who controls it is on bitcointalk.org. So, this forum should be the center of attention for serious traders.

[Semar Mesem]

People don't want to take the risk of buying when the market is red, and I think this is the difference between successful and unsuccessful people, successful people make the red market as it is today to invest more, but failed people will panic and sell assets in a panic and lose.

[Silberman]

People don't want to take the risk of buying when the market is red, and I think this is the difference between successful and unsuccessful people, successful people make the red market as it is today to invest more, but failed people will panic and sell assets in a panic and lose.

That is because those which become successful know when to take a risk and when to avoid it, those which are panicking do not really have any excuse right now, I could understand this if we were on the early days of bitcoin, but when we have so much evidence of bitcoin being able to recover from such crashes then they do not have any excuse for the behavior they are showing, but that is their problem, people like us will keep buying bitcoin with a discount for as long as we can.

[mindrust]

This is true but only  if you buy the right assets. Many alts will die off and never going to recover. Bitcoin (and a few other alts) will probably survive this bear market and make their owners rich just like how they did after the previous bear markets. But overall, Robert is right. The cheaper you buy, the better it is. Just because you bought them coins for cheap, don't mean you should sell for cheap. You'll just have a wait a few years and make holding worth it.

[Cookdata]

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

He is ready to buy or he is already buying? Because I don't know how down he think the price could go, it's possible that we may plunge from here or may be we have bottom out.
This is the best advice you can give to anyone who have been on the fence through out the bull market to have a chance to start crypto journey, those who made out millions started during the last beer market, now is the time to become the next bull run millionaire.
However, this advice can only ginger new investors, those who have refuse to sell are still holding and those who were scared have cashout in profits and also in loss for fomo buyers.

[Taskford]

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

He is ready to buy or he is already buying? Because I don't know how down he think the price could go, it's possible that we may plunge from here or may be we have bottom out.
This is the best advice you can give to anyone who have been on the fence through out the bull market to have a chance to start crypto journey, those who made out millions started during the last beer market, now is the time to become the next bull run millionaire.
However, this advice can only ginger new investors, those who have refuse to sell are still holding and those who were scared have cashout in profits and also in loss for fomo buyers.

But actually its hard to find the dip not unless if you have a lot of money to cover up some mess if you mistakenly spotted the dip and buy when price dumped again for more rounds. It's easy to say about those crashes is best time to get rich but actually many people struggles to execute it on reality because the market pressure is so high and many cannot able to take seeing how bad the bleeding market is.

Experience will be the best teacher to anyone to know what things they need to do if there are huge crashes coming up.

[BlackBaron]

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]

Maybe Robert Kiyosaki is right, we also think so, market crash is a good opportunity to own and buy Bitcoin, But most of the investors are afraid to start, only the brave and take risks start it.

I also have the same thing, of course I don't want to make mistakes when the market is like today.

[SyndicateLabs]

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

More holistically, there are many ways to look at this when the breakdown is to the point where many people don't have a chance to do it again . But I like this view because it's positive and full of optimism. We need to try and aim for the good in the future. People need to stand up to overcome mistakes or failures to create things that people feel happy about. Having failed with my previous real estate investments without having a solid understanding of it, I told myself it wasn't over and I needed to start over, until I wasn't tired. With more debt, I gradually understand and appreciate this life; the opportunities we create.

[Uang_kartal]

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]

Maybe Robert Kiyosaki is right, we also think so, market crash is a good opportunity to own and buy Bitcoin, But most of the investors are afraid to start, only the brave and take risks start it.

I also have the same thing, of course I don't want to make mistakes when the market is like today.

there should be no doubt if you see this theory (theory), and people who want to be successful dare to send their fiat money to school with bitcoin which is still weak (more bearish).
I try that and argue that I am different, I believe in bitcoin.
but only lasted 2 days. laugh out loud.
I withdraw (sell bitcoin when it drops again around a few dollars). exchange it back into usdt I think just in case bitcoin signs a few weeks maybe one day, next month will experience confirmation. then I am ready to buy back a few percent of the budget. I think bitcoin will surprise you, just as it now gives people the threshold to buy and share.
you are right bro and i am still very positive about bitcoin.i will continue to keep bitcoin.

[Ararbermas]

Very effective way and its proven and tested of some investors that use to accumulate bitcoin at the button price and keep hodling for long run. Like what others said " you accumulate bitcoin when bearish and you accumulate cash when it's souring". So If you don't believe in such perspective and fact, then getting rich on bitcoin isn't not for you. Lol

[palle11]

I also have the same thing, of course I don't want to make mistakes when the market is like today.

Being too careful not to make mistake is the reason that the rich are always rich and the poor keep going down. Today bear is tomorrow's bull therefore buying now can be a better time than hodling. Accumulation of coins isn't about waiting for buttom because it can't be determined by anyone. Although it may go down more but it is a time to stock coins for the bull season.

[serjent05]

People don't want to take the risk of buying when the market is red, and I think this is the difference between successful and unsuccessful people, successful people make the red market as it is today to invest more, but failed people will panic and sell assets in a panic and lose.

Well, successful people know when to invest.  They don't just invest because the market is red, they invest because they see the potential of huge profit on the asset they are looking to invest.  Investing blindly just because the market is red will incur more losses than profit.  Remember LUNA crash?   If you invest during its crash to $1, you are in big trouble by now.  Even with an enticing market price, we should do our deep research towards that investment so that we may avoid loss of funds in the future.

[nicedreams]

This is true but only  if you buy the right assets. Many alts will die off and never going to recover. Bitcoin (and a few other alts) will probably survive this bear market and make their owners rich just like how they did after the previous bear markets. But overall, Robert is right. The cheaper you buy, the better it is. Just because you bought them coins for cheap, don't mean you should sell for cheap. You'll just have a wait a few years and make holding worth it.

Yes, it was like real life. You don't see everyone become rich after crashes or recessions, only a few are able to do that. It was thanks to not just opportunities when crashes but also because they know which asset turn to gold after this. Same for altcoins

[Hamphser]

Very effective way and its proven and tested of some investors that use to accumulate bitcoin at the button price and keep hodling for long run. Like what others said " you accumulate bitcoin when bearish and you accumulate cash when it's souring". So If you don't believe in such perspective and fact, then getting rich on bitcoin isn't not for you. Lol

Who doesn't really like on getting rich? The primary motive on why we are here is that we do really want to reach our goals in terms of financial freedom that's why we do trade or invest or long term hold and everyone of us does hope for profits which is something normal and that would be possible of simple or basic principle of buy and sell into this market but this isn't something simple as it sounds because this is the main challenge once you do step your foot into this market on which lots of speculative approach and presumptions you would really able to make along the way.

[Doan9269]

And now that we are in a crash again, this is another best time to get rich but accumulating a lot of BTC. We don't know though if it will still continue to go down or this might be the lowest low for this year. But still, we don't need to wait for another perfect opportunity. Just DCA or just buy in chunk in you have the money. This kind of opportunity might not come again, so better take that advantage.

Well i believe somethings were better done on wjat has digital value and significant interest of the people to be used as thier generally accepted means for their transactions, this is what build and accumulate trust and confidence in bitcoin than other cryptocurrencies that whenever it galls it shall sure rise again, many take the advantage to launch an entry but why others miss it out is because of their wrong investment on the wrong coin or projects

[sovie]

I completely agree with him. Personally, I have earned a lot of money by investing in BTC when it crashed due to various reasons now and then since it recovered somehow over time.

I have earned decent profits by investing in popular cryptocurrencies like ETH, LTC etc in a similar manner since I was confident that they would bounce back too. However, I always invested only what I was willing to lose.

You won't become rich overnight through this strategy. Long-term HODLING is the best approach in this case.

That is correct - you are lucky you invested in ETH and LTC. One of my friends invested in LUNA and it was a complete loss.
The good time to invest is the time when market crashes. But for this you have to be extra patient. And Person like me dont have patience.