What's your take on this Robert Kiyosaki's thought?

[BlackHatCoiner]

These days it's so easy to fake wealth on the Internet and monetize it. You can rent a luxurious apartment for a few days, rent an expensive car, hire some escorts then post the photos on instagram claimed that all of that is yours and you can teach others how to be successful too. And then you make so much money that you easily recoup your "investment".

You can actually be rich, and just give terrible advice. If you have inherited a couple of big houses, or bought bitcoin at $10, then chances are, you're rich; and, unless you're a life gambler, chances are, you will remain rich. Fine, I don't have a problem with that. The problem comes when you're trying to portray that you know how to get rich, as if there's a pattern or some "tutorial" you need to follow. "Buy that crypto", "follow that trading technique", "save 50% of your income and invest it in the stock market", these are all just bullshit that don't work.

Nowadays people "study" money making as if it's math and physics. While I do agree that money making (or at least, easy money making) is somewhat of a charisma, it includes luck, and it's far from a science.

[Spaceman1000$]

we know that it's best to buy Bitcoin at DIP and Hold or sell it off at any convenient price above the amount we bought it. it's just reasonable to say that you've made your profit after you've successfully sold it at a value that is greater than the amount you bought it regardless of the profit you made. but Robert Kiyosaki, in a podcast suggests that you make your profit at the point you bought Bitcoin and not at the point you sold it regardless of the amount you sold it.

I understand the angle he Is coming from and it is that not being patient and selling your bitcoin during a minor bull could still not be all that profitable because the price of bitcoin can still rise above the amount you sold it which makes selling at that price unreasonable and that the reason why he suggest that you make profit at the point of buying bitcoin is probably because of the certainty that if you buy at the DIP, its almost certain that you're going to make profit in the long run.

 what's the guarantee that once you've bought bitcoin you are 100% certain that you've made profit.

At what point can you consider to have made profit in your bitcoin holding journey?

I don't understand the point Robert kiyosaki is trying to make, saying as and  when you bought your Bitcoin, that was when you made your profit, but not at the point you sold it in a higher amount. is Robert kiyosaki trying to sound philosophical here, because in plain English that's not making any sense to me.

 in answering your questions.
1: first you must understand that bitcoin is a digital currency that has value and it grows from time to time, however the growth can be in two ways, either the price goes up or it reduces, but even when it reduces, it will still go up after sometime, however you can enter the crypto market itself to observe the growth of Bitcoin yourself so you can get a guarantee of what you are doing and observe it for yourself.

2: on how you will know that you've made profit, is when you bought Bitcoin in a certain amount or price, and after holding it for a long time you can check to see the price value if it has changed from the original amount you bought it, if it changes and the price goes up it the means you made profit from your holding.

[GeorgeJohn]

what's the guarantee that once you've bought bitcoin you are 100% certain that you've made profit.

At what point can you consider to have made profit in your bitcoin holding journey?

There is some certain information concerning Bitcoin that will be allegedly charged for this formation of character and the misconduct, because from the information above or in the box buying of Bitcoin does not assure you that you will make 100% profit from the Bitcoin you bought, I want us to understand this theory in Bitcoin investment because purchasing of Bitcoin for long-term investment or short-term investment does not assure everyone who invested on it that you will definitely make a profit for the investment,

Bitcoin is like a risk investment and you might purchase Bitcoin now after a 5 minutes or 10 minutes time the value will depreciate in the market it happens almost every time or sometimes for the Investment of Bitcoin that is why not everyone that invested in Bitcoin that make a huge profit from the investment, there's one thing that is involved for the Investment of Bitcoin neither you get profit or loss for the investment but buying a bitcoin does not give you 100% right for you to make a profit that is why whoever that want to invest in Bitcoin do have time do have target for each investment in cryptocurrency generally not directly Bitcoin.

[Odusko]

Take it this way, those who bought Bitcoin at the last all-time high are in a loss right now and no one knows when Bitcoin will get to that price again before they could be in profit, but also those who bought Bitcoin when the price was at it lowest are already in gain at the moment and this is what volatility with Bitcoin means.
But the best form of practice is to make sure you buy Bitcoin at a low price and then sell at a higher price that is the only way you can say you can make a reasonable profit, even though the timing for that can't be guaranteed at some point.

[ImThour]

I don't know what this guy is onto, some days he's saying on Internet that Bitcoin is going to $0 and other day, he is straight up defending Bitcoin and saying it's the best investment ever in the history of the world. I think he is having some sort of syndrome where he have a love and hate relationship with Bitcoin. Or maybe hes paid by companies like BlackRock to say shit about Bitcoin so prices can go down? I know some people who actually believes his words.

[Adbitco]

The angle and sense he is trying to channel his speech is based on how long the investor has projected his investment because when you buy at a given price what guarantee's your profit is the total days, week or years you've decided to hold. Making profits depends on the investor and how he could be able to face all the difficulties that comes with market volatilities since most investors are easily tensed up due to some little changes in that may occur. The main goal should be that your investment is for decades since bitcoin always creates new ATH mostly after every halving.