Crashes are The Best Times to Get Rich - Robert Kiyosaki

[dunfida]

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.

No one gets to know if its the bottom price or not, so probably he'll miss another chance again if he always wait for that. But if one does DCA while  waiting for the absolute bottom, then he will continue taking the advantage while the market continues to crash. However, not all the people here gets excited when there is a market crash, newbies easily lose their focus and resort into wrong decision making that could end their crypto investments.

No one knows thats why its ideal that every dumping or crashing moment is an opportunity for you to buy cheap coins not only limited to Bitcoin but also in other altcoins as well and i do agree with these sentiments
came from these known people or billionaires on talking about opportunities and stuffs but be careful since not anytime all of the things that they've been saying are real but sometimes its manipulative
thats why you should really be careful on anytime you do tend to take up some advises and do listen out and rely on making decisions come out from it.

[adzino]

Obviously crashes are the best time to get rich only "if you can afford to invest and willing to hold long term". Just because the market has crashed, doesn't mean you have to start investing and go all in. We never know what the "crash" might end. But those who have some extra funds lying around, they can slowly start investing. As the price goes down more, they can invest even more to maximize their profit. Once they are done,  all they have to do is sit back and keep holding their coins till the market recovers and reaches a all time new high.

[Pujangga]

Most people will follow the trend, successful investors will think otherwise, buy cheap and sell high is a non-negotiable principle, simple theory but many people forget because of panic or worry that there is no hope anymore.

[Smitty Werben Man Jensen]

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.

No one gets to know if its the bottom price or not, so probably he'll miss another chance again if he always wait for that. But if one does DCA while  waiting for the absolute bottom, then he will continue taking the advantage while the market continues to crash. However, not all the people here gets excited when there is a market crash, newbies easily lose their focus and resort into wrong decision making that could end their crypto investments.

That is the difference between a professional trader and a beginner because of the lack of experience and flying hours,
if the dominant panic when the market crashes then it will affect in making decisions,
Panic will only make us take wrong decisions and in the end it's self-defeating

[19Nov16]

If people think wisely then when looking at the facts of the price of crashes becomes a good opportunity to buy, we must be optimistic that the market is immediately rising, and I'm sure when buying during the Crashes market it is easier to profit than when the market is rising.

[Ebede]

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.

you are right Robert kiyosaki never be an investor it only passes the knowledge of investment through writing of books and the selling of bush I've read many books written by Robert kiyosaki and what you'd only talks about it's all about how to invest but I never stated that the author of the book have invested or hasn't invested anywhere so it is not written in in any of his book

[2stout]

There is some merit to this, but rather than saying it's the best time to get rich I would look at it as another opportunity because if done wrong it could also be the quickest way to go broke.

[darewaller]

Just accumulation and debt, that's all he talks about in all his books and that's how he got rich. This may not work in every place neither, like real estate in Miami may work out for the best, but real estate in New York is not always a smart idea, or Toronto. This is why you should always focus on how the idea could be implemented and not if the idea is good.

For example, his idea of accumulation and debt may not be awesome in crypto, you could take out a huge loan for many years, and then buy bitcoin and then wait, would it work out? Well maybe, if you could find a way to get itself paid, but that would be hard, and staking would be required, and you would need to be taking a loss first few years, then maybe if you are lucky you could get it profitable.

[coupable]

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.

Bitcoin was trading on 18k$ yesterday or day before yesterday, right now it's on 20k$. You are right we have no idea what's the bottom at which to buy. My opinion is that we have to decide a target value and start buying slowly when that price is reached, never buy all crypto at one single price. Even current price of 20k is a safe bet to buy bitcoin.

For this reason, investors love Bitcoin crash times to be able to buy as much Bitcoin as possible. On the other hand, rising periods are not a victory for investors who want more, but rather a profit for investors in the short and medium term.
The president of El Salvador gives us a good example of this, as his country's loss of more than 20 million dollars did not dissuade him due to the collapse of the price of Bitcoin to unexpected levels. However, he announced his purchase of an additional 80 BTC.

[RealMalatesta]

The best time to fill our bags are during market crash, however weak investors are hesitating to buy because of their worries that it might drop further and they will loss their capital. Hence some investors prefer to buy when the market is starting to recover and I think its understandable.

But the current price is quite cheap and its a chance to take advantage. If you know the history of Bitcoin then you'll understand that situation like this is just temporary and its a good opportunity for investors to engage themselves.

Today the market drop is more than 5%, it's time to fill the wallet at a low price, I prepare around $ 200 to buy bitcoin at $ 19k or $ 50 will be filled soon, the classic theory is to buy cheaply we can apply if you buy it immediately, I'm optimistic Tomorrow or the day after tomorrow the price will return to $ 20K and if sold then profit 5% in a day.

I agree that it’s time to buy some more. It was a temporary fall that could be recovered very easily, so it would be quite profitable to buy from this price for sure. I am not saying that it will be a "quick" profit, but it sure wouldn't be a long one neither.

We could go back to 20k+ in a single day by the looks of it, so anyone that buys right now could end up making about 10% profit in a week top. Doesn't mean that it will happen, we could reach to under 15k as well and that could be a problem, but that doesn't change the fact that it’s a profitable situation to be in right now. This is why I believe that we should buy as much as we can right away.

[Russlenat]

This does not need to come from popular marketing guy or rich person really, this thought is way logical and everyone should understand the benefits of buying in the bearish market like this. It’s simple logic, things are discounted and cheaper than ever before, it’s not out dated and has confirmed value in the future so it’s not big deal really. Just buy it. All we have to do is wait for some specific duration ahead and the result of this would be profits.  The longer you wait the higher the profits.

I guess it’s easy to say but actually hard to do and understand for those who only want to see the market at its bullish season and just want to make profits the whole time. Unfortunately, the crypto market does not only revolve from it, but certainly a bearish season will also hit the market when it’s its turn. So when the market crash is already here, a lot have started to doubt the market and eventually leave, while leaving those wise investors with strong hands take advantage on the market and start to build their own wealth, a single fact that most people are unaware and just regret when the market recovers as they have missed another golden opportunity to get rich.

[Theones]

This does not need to come from popular marketing guy or rich person really, this thought is way logical and everyone should understand the benefits of buying in the bearish market like this. It’s simple logic, things are discounted and cheaper than ever before, it’s not out dated and has confirmed value in the future so it’s not big deal really. Just buy it. All we have to do is wait for some specific duration ahead and the result of this would be profits.  The longer you wait the higher the profits.

I guess it’s easy to say but actually hard to do and understand for those who only want to see the market at its bullish season and just want to make profits the whole time. Unfortunately, the crypto market does not only revolve from it, but certainly a bearish season will also hit the market when it’s its turn. So when the market crash is already here, a lot have started to doubt the market and eventually leave, while leaving those wise investors with strong hands take advantage on the market and start to build their own wealth, a single fact that most people are unaware and just regret when the market recovers as they have missed another golden opportunity to get rich.

I agree - its easy to say but hard to digest. and hard to believe that you are investing in the one which has already crashed.
Talking about LUNA - is it a good time to invest in it? Obviously not! So this is not fit for everything.

[mamesso]

There is some merit to this, but rather than saying it's the best time to get rich I would look at it as another opportunity because if done wrong it could also be the quickest way to go broke.

Buying Bitcoin when the price is down can be a pretty safe choice, and don't forget to pay attention to what factors affect the decline in Bitcoin prices so you don't get caught up in other opportunities that can bring you bankrupt quickly, so careful planning is needed so you don't go wrong. In general, Bitcoin prices tend to fluctuate, you can buy Bitcoin using the buy the dip strategy, you can hold it for some time and sell Bitcoin at the highest price in order to make a profit.

[boyptc]

There is some merit to this, but rather than saying it's the best time to get rich I would look at it as another opportunity because if done wrong it could also be the quickest way to go broke.

That's just the same meaning of what RK has said. But either way, it's the truth that he said. Well, the problem goes to the investor if he has cash at these moments.

It is the main reason now why everyone is going to keep their profits in cash or any stable coins during the bull run. So, whenever the market crashes again, we're all prepared to buy at those levels and we'll take the opportunity and advantage.

[milewilda]

There is some merit to this, but rather than saying it's the best time to get rich I would look at it as another opportunity because if done wrong it could also be the quickest way to go broke.

That's just the same meaning of what RK has said. But either way, it's the truth that he said. Well, the problem goes to the investor if he has cash at these moments.

It is the main reason now why everyone is going to keep their profits in cash or any stable coins during the bull run. So, whenever the market crashes again, we're all prepared to buy at those levels and we'll take the opportunity and advantage.

Always mind on having reserves on which you should really able to dive in whenever you do see opportunities that comes in front of you because if you dont then it would really be regrettable for you to miss out opportunity which you do see that doesnt really come often specially on crashes or price decrease something like this.When you dont have any reserve then the thing you could only do is to stare
and regret that you hadnt bought on the dip.RK does have indeed that point because we've seen this market for how many times in terms of movement which after a crash then recovery would really be next in line.It wont really be that a assured thing but market could really be having those paths and also we cant really just see a market to have dumping price forever.

[Theones]

There is some merit to this, but rather than saying it's the best time to get rich I would look at it as another opportunity because if done wrong it could also be the quickest way to go broke.

That's just the same meaning of what RK has said. But either way, it's the truth that he said. Well, the problem goes to the investor if he has cash at these moments.

It is the main reason now why everyone is going to keep their profits in cash or any stable coins during the bull run. So, whenever the market crashes again, we're all prepared to buy at those levels and we'll take the opportunity and advantage.

Always mind on having reserves on which you should really able to dive in whenever you do see opportunities that comes in front of you because if you dont then it would really be regrettable for you to miss out opportunity which you do see that doesnt really come often specially on crashes or price decrease something like this.When you dont have any reserve then the thing you could only do is to stare
and regret that you hadnt bought on the dip.RK does have indeed that point because we've seen this market for how many times in terms of movement which after a crash then recovery would really be next in line.It wont really be that a assured thing but market could really be having those paths and also we cant really just see a market to have dumping price forever.

Not always it is the best thing to do - and not always people are smart enough to make a right decision at the right time.
But many people invest in petrol when the prices were down during COVID now those who invested in petrol are happy and everyone like me are screaming at the top of their voices about inflation. What a mess we did to ourself.