I don't get the point of what he is trying to say. Generally you make profit when you sell above your buying point.
Well, considering the fact that this is coming from Kiyosaki, I wouldn't take him seriously anymore. That guy hasn't been making sense for a while now.
Topic: What's your take on this Robert Kiyosaki's thought? - page 3. (Read 398 times)
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.
What's your take on this Robert Kiyosaki's thought?
Stop treating a guy who writes financial novels but has gone bankrupt in every single business he had ever tried in the real world like some true economist and financial expert. If the guy would have really know anything about the markets in reality he would be rich by now and not facing bankruptcies one after the other while losing lawsuit after lawsuit with people suing him for his fake courses!!
For god's sake, he's the genius that advised everyone in 2007 to go into real-estate!
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. At what point can you consider to have made profit in your bitcoin holding journey?
what's the guarantee that once you've bought bitcoin you are 100% certain that you've made profit.
I still believe that nothing comes easy on this world. He's probably just telling things that when you buy bitcoin then you're obviously going to hold and be patient with it. Even the meme coins investors, they don't just buy and don't have any plans at all. They've got a lot of plans and that's why with that, they're aware that it is coming not easy as they need to exert effort and time for it. And the same goes with what Robert said, it's like he's guaranteeing people that have bought bitcoin that you'll make a profit but you need to wait.At what point can you consider to have made profit in your bitcoin holding journey?
When you're above on the buying price. There's no need to complicate things with that, as long as you're above with that price you've bought it then you're already in profit. 
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 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?
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