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

[hatshepsut93]

Jokes asides, man, I've just come this one conclusion. There's something wrong with people who repeatedly tell you how to get wealthy. Either their advice sucks, or they gain a lot from you; or sometimes both. If you're a badass rich man, why the hell do you try so hard to convince brokies you're right in YouTube shorts? Why do you choose to spend all this valuable time of yours in random podcasts? I don't want to sound absolute, maybe they have helped some, but I personally find these advice and talks obvious after a second thought.

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".

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[sokani]

Jokes asides, man, I've just come this one conclusion. There's something wrong with people who repeatedly tell you how to get wealthy. Either their advice sucks, or they gain a lot from you; or sometimes both. If you're a badass rich man, why the hell do you try so hard to convince brokies you're right in YouTube shorts?

What you said is akin to someone who writes a book titled "the secret on how to become rich" but he's going around looking for money to print his book.

I've read some of Robert Kiyosaki's books, like the rich dad poor dad, and I find it really interesting but I wouldn't take what he said seriously because it doesn't make sense. If someone buys Bitcoin at ATH and sells now, how is that a profit? My best guess is he's looking for attention.

[Viscore]

We all have seen how bitcoin price moves upward year after year so most probably if you buy it today regardless of the price, whether your intention is to hold it short term or long term, that is already means profits on your side, most especially if you decide to finally sell your bitcoin. Bitcoin is a profitable investment, so the moment you start buying and hodling it, you are bound to establish your own profits in the future.

[mirakal]

 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’s no guaranteed profit on investing but one thing is for sure that you will not lose if you will not sold your holdings at loss because Bitcoin price keeps recovering how hard it nose dive. I think only those who purchase on peak or above 45K are still at loss now but they will surely recover once the price fully recovers or if they DCA when the price goes than to 15K to be on breakeven or in profit.

Michael Saylor is the living proof about my statement that you will never lose if you will never sold at loss. Bitcoin is one of kind investments. People values it a lot that’s why the price keeps recovering no matter what the FUD throws against it.

Profitability is still not certain to all those who decide to invest in bitcoin since we all have different attitudes and perspectives when it comes to bitcoin, but one thing is certain, if you are hodling it and would only sell if the current price outnumbered its previous price when you bought it, well consider yourself profitable already as no one gets lose if he never sells at a lower position.

Yes, Michael Saylor just proves that with deep conviction, there is always high possibility to be profitable in bitcoin. Selling his MicroStrategy shares could be his best strategy towards bitcoin, and that decision brings him to the position where he is right now.

[coolcoinz]

Kiyosaki is full of shit. He made more money selling books and being a personality than investing. If he's so smart why isn't he an investor but rather an author? When it comes to investing or trading he's rather average, but knows how to sell himself and his ideas.

I don't understand what he means. I'd like him to explain this idea to someone who bought bitcoin at 60k in 2021. Robert should explain to the guy that he made money at the point when he bought bitcoin. It doesn't matter that it fell to 50, then 4, then 20k... He made money when he bought it

[serjent05]

There's something wrong with people who repeatedly tell you how to get wealthy. Either their advice sucks, or they gain a lot from you; or sometimes both.

I believe it is more on gaining a lot from his audience.  Kiyosaki is an author so anyone who got interested and buy his books makes him gain.

If you're a badass rich man, why the hell do you try so hard to convince brokies you're right in YouTube shorts? Why do you choose to spend all this valuable time of yours in random podcasts? I don't want to sound absolute, maybe they have helped some, but I personally find these advice and talks obvious after a second thought.

Possibly he is an attention seeker since he probably got addicted to fame and attention when his books went viral years ago.  Years ago, his books are sought after by people who are into Network marketing and want financial independence.

But I believe he is saying nonsense now.  Probably making a somehow controversial statement to make his thought a bit different but mathematically, what he said is not true.  He is trying to play with the audience's mind again...

[Assface16678]

Kiyosaki is full of shit. He made more money selling books and being a personality than investing. If he's so smart why isn't he an investor but rather an author? When it comes to investing or trading he's rather average, but knows how to sell himself and his ideas.

I don't understand what he means. I'd like him to explain this idea to someone who bought bitcoin at 60k in 2021. Robert should explain to the guy that he made money at the point when he bought bitcoin. It doesn't matter that it fell to 50, then 4, then 20k... He made money when he bought it

Popularity, that's the material those people used, and Kiyosaki is one of them. They start by doing investment or trading at such, but the thing is, they are not good at it; not that bad, but rather, as you've said, average. What they aim for is popularity so that they could influence others, such as selling books authored by them or doing videos at such. This scheme is a common thing right now. Notice how many people are calling themselves businessmen or investors but relying on social media. Think of it: why would they spend more time on social media saying stuff on how to succeed or tips and tricks in life instead of focusing on their business or investment? Simple because they are relying on social media, where they can earn a lot through popularity. It cringes me out at how those big people classify themselves as successful but depend on popularity.

[franky1]

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.

its the difference between those that chant DCA (buy at any price even when its in bull) vs those saying buy the dip

buying the dip helps accumulate at the beginning which then yields more potential, sooner
DCA just means you slowly accumulate less over time meaning to break even later on,  waiting longer

[Sanitough]

It could mean that in the bull run you sell your BTC and when you buy back you make sure the amount of BTC you got is more than the amount of BTC during the time you sold. Or you buy back the amount of BTC you sold and then the extra USD are your profit.

Not really sure what he meant but we can only assume. This old timer got onboard in the crypto market earlier he sure has experimented.

I also find his thoughts confusing but one thing I know, we’ll only be profitable with bitcoin if we buy at a lower price and sell it at a higher price. As simple as that, we can say that the profits is there, regardless if it’s big or small. However, it’s easier being said than done since we all know majority still find it hard to be in profits, despite of the fact that by simply buying low and selling high, profits are already coming.

[stadus]

Not really sure what he's trying to say here because he says random blabber sometimes despite him having good points in some of his books, but I think the main gist of his statement is pretty much to buy bitcoin, and hold for long-term while ignoring price fluctuations.

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?

Just ignore what he's trying to say here lol he's probably just trying to be sort of philosophical. You're in profit once bitcoin's price is higher than your average buy price. That's it.

Exactly. This guy just loves to complicate things and confuse us. But as long as the thought is there that you didn’t sell at a lower price than you bought it, then you’ll never be at a loss. Bitcoin price may be undeniably unpredictable but knowing when to buy and when to sell is the only key for us to be profitable. And of course, with patience, we can go a long way with bitcoin.

[Agbamoni]

Not really sure what he's trying to say here because he says random blabber sometimes despite him having good points in some of his books, but I think the main gist of his statement is pretty much to buy bitcoin, and hold for long-term while ignoring price fluctuations.

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?

Just ignore what he's trying to say here lol he's probably just trying to be sort of philosophical. You're in profit once bitcoin's price is higher than your average buy price. That's it.

Its easy buddy! Robert Kiyosaki is someone who understands the vue of investment whether small or big. He believe that every investment can be successful if only we can just stop procrastinating and start investment. We become a successful investor the moment we had the intention 9f investing. A journey begins with a step and that bold step of investing a penny today, by  tomorrow that penny becomes stash of wealth.

[Oasisman]

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.

It's doesn't make enough sense to me, because there are no guarantee that if someone bought bitcoin they are going to hold it regardless of the price fluctuations. Some people might sell their bags when bitcoin will experience another prolonged bear market, just like what happened in 2018 (If I remember it correctly, everyone was so afraid that bitcoin might've fall at $1k level or lower).
That statement is pretty similar to the saying "counting eggs before they actually hatch", there are a lot of circumstances that might happen along the way while you're still waiting for the price to hit your target, so in my opinion, you will definitely make a profit after you sold it at your target price or your desired price.
I understand he's something big in the field of financial advices, but doesn't mean he's correct in all aspects. And ohh he's actually in a huge debt right now lol.

[Julien_Olynpic]

Robert Kiyosaki wrote a lot of stupid things in his time. Yes, he advised buying real estate before the mortgage crisis. He predicted a major crisis associated with the mass retirement of the baby boomer generation. He wrote many more nonsense things that either did not come true or came true in a completely opposite way to what he predicted. And yet his books are more like fiction novels.
    However, he also wrote the right things. The fact is that rich people do not work for money, but make money work for themselves. Or that it is important to know the difference between liabilities and assets.
       I don't quite understand his point that Bitcoin profits should be earned at the time of purchase. In my opinion, this is one of his many stupidities. Everything is simple in the market. You open a trading position on the spot market and buy an asset. And you close the trading position and sell the asset. You put the difference between prices in your pocket.

[adaseb]

He might be a good writer and maybe real estate investor but he is very bad at timing the markets. It’s not only crypto markets but stock markets also.

Every few months he says there is going to be some huge big crash. I understand. Economy looks like it’s about to explode due to inflation and everything. But he has been saying this for years.

This is similar to that Big Short guy who keeps saying there will be a major crash every 6 months. He predicted 2009 but since then every prediction he had was pretty much incorrect except the one during Covid.

[Despairo]

He's a multi billionaire and he makes a lot money in real estate, if he bought and sell Bitcoin, it will make him need to pay tax that ridiculously high. In his situation, he's no longer looking how to make money, but he want to find a way to make him not paying tax.

It's different with an Average Joe that work nine to five in McDonald, if he bought and sell Bitcoin, it will be good for him since his tax is small and he don't have other way to make money.

So, in which position you're, a multi billionaire or an Average Joe?

[Kakmakr]

I have made my best profits on the bitcoins I have bought, by hodling for years. Yes, some peop trade bitcoins as if they are day trading, but I think they are losing too much trading fees in the long-term... to show good profits with that strategy.

The other side of the coin... the longer you hold, the higher the profit must be to beat year on year inflation. (Example : 5% inflation every year = 25% over 5 years and 50% over 10 years.... so the bitcoin price must be higher than 50% to have beaten inflation over 10 years)

[pinggoki]

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

I haven't thought that far yet so my answer to this for now would be that I'm just going to continue accumulating and investing in bitcoin, I'm sure that I can never go wrong with investing in it so I'm not that scared that my bitcoin journey doesn't have any kind of ending yet, I'm still young so I wouldn't really mind not to be thinking too much about my destination, for now I'm just happy that I'll be making some profit and financial assured that I won't have any problems when an emergencies and the like.

[Silberman]

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?

This is just another way of saying buy the dip, which is known to be a profitable strategy, basically if you can buy an asset for a price much lower than its most recent average then you know that sooner or later you will make profits with your purchase, now there is no way to be 100% you have taken the right choice, but if you were to hold that investment for long enough you will make profits for sure, however this is not really some kind of profound advice and it is something that anyone that thinks a little bit about will be able to guess on their own.

[KiaKia]

This is a man that choose to speak the fact, I know someone in my country that decide to start buying Bitcoin because of Robert Kiyosaki, he used to follow him and also have his book, but hearing him saying good things about Bitcoin turned this friend into a Bitcoin investor.

What he is obviously talking about is buying the dip and having the holding patience, Bitcoin is very valuable and worth holding for long term, that's why those who bought in the past years don't bother holding for future sake, they are certain that scarcity will keep hitting Bitcoin hard.

Here is what I think, no profit is too small, just make sure you have your own plan, but the best one is buying the dips and when profit comes it's not a bad idea to secure some, unless you don't need the money and you plan to retire holding your Bitcoin.

[mrust_mobile]

Kiyosaki is full of shit. He made more money selling books and being a personality than investing.

He may look like he is full of shit when you are an advanced/experienced investor but for those who are novice investors, his stuff is golden. His books educate clueless people into investing and there are billions of those people. It is because the public education system don't teach us anything about finance/stock market/real estate etc... Almost everybody is a potential customer to him because almost everybody is clueless about investing.

There are other people who write very advanced finance books but the general public can't understand these books unless they learn the basics first and that's where Kyosaki is the expert, teaching the basics.