Topic: What's your take on this Robert Kiyosaki's thought? (Read 485 times)

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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)

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?

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.

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.

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.

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.

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.

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.

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

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.

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.


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...

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

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.

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.

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.

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".

I do not understand what RK is saying. Maybe he is said it to sound smart but I doubt if there is any sense in it. Or better still he should keep it simple. I'd rather listen to Elon Musk than RK. He should stick to Real Estate. He's on the same class with Peter Schiff or whatever.
The way I understand it is this. If you hold your bitcoin long enough you are going to be in profit. There is a positive correlation between longterm holding and profit. There is a negative correlation between holding and profit. The longer you hold, irrespective of what price you bought bitcoin at the bigger your profit.

I don't know or understand this


Holding for two years plus or more. That is it.

Hmm, that's a little bit worried but sorry, Boss. I totally disagree with Robert Kiyosaki's thought because he says only buying Bitcoin at every point is a profit synonym, but this is just speculation. And speculation can be wrong. Besides that, this is also the reason for my disagreement. Because in the case of a lawsuit, if we look at things comparatively, it is not like that in reality, and the justification I have for this thing is whether the price of Bitcoin is going to rise straight and not fall down. The answer is yes, of course, there is a bull market and there is a bear market. So it means that buying Bitcoin at every point can't give you profit every time because evidently, when the bear market comes beyond any doubt, it can organize your profit if the price goes up, if the bull is at its peak, and if the next move is Bitcoin's bear. As for the market, buying Bitcion at this time can do nothing but harm you.
 
So it's mean to say that according to Robert Kiyosaki's, buying Bitcoin is only profit marketing. So i why people always prefer to buy Bitcoin at bear markets, despite the fact that real traders or investors often buy in bear markets because they know that buying Bitcoin at every price or point cannot give a profit every time. And I think Robert Kyasaki would be good at writing books, but that doesn't mean that he would be good in the crypto industry. Understanding the crypto market is hard.

I’m not sure what he means by that. A little more context would help. Is he suggesting buying at the top doesn’t matter? Because that would be stupid. There are people who made the mistake of buying bitcoin at ATH and haven’t recovered till date. Anyway, I tend to disregard anything Kiyosaki says. The man wrote a good book but that does not make him a financial expert. His recent interest in Bitcoin is surprising because he’s always preached physical assets. I think since his counterparts Warren Buffet and others are anti bitcoin, he’s trying to be the unconventional one and increase his popularity by recommending bitcoin as a solid investment.

Stop getting influenced by these influencers and do whatever you can to accumulate as much BTC as possible.
That's the only way to get rich right now. It doesn't matter what Robert Kiyosaki is saying if it doesn't align with your thoughts.
So stop focusing much on it and try finding ways so that at the end of the day you have more bitcoin in your wallet.

That's the first rule of being a merchant... As a retail seller, you make your profits when you buy your stuff from the wholesaler. As I see it, Kyosaki treats btc like goods and that makes sense from a merchant point of view. A merchant only buys his stuff low and sells it high and he only sells the stuff which are in demand. The stuff people don't want become overstock and overstock gets dumped for any price. That's exactly what Amazon, Walmart and Homedepot doing. They buy the stuff, they buy a lot of it, since they buy a lot, they buy it cheap and they sell the stuff after they add their profit margin.

We saw the merchants point of view, now let's look at it as a customer. Don't you want to buy your favorite stuff when there is a discount going on? You want to buy it cheap too right? And when does that happen? When these big retailers dump their excessive stock... or on Black Fridays. Why do those huge retailers make huge sales during Black Fridays? Because they make huge discounts and people wait for a year for that day. People ain't stupid. They don't pay $100 for a basic hosting plan when they can buy it in November for $10.

I read Kiyosaki's Rich Dad Poor Dad book and it was really good. Then at some point later I listened to a podcast episode of his when he was interviewing Saifedean Ammous (actually it was an episode of Saifedean's podcast I listened to but he just played the audio of him being interviewed on Kiyosaki's podcast). All I can say is Kiyosaki is a lunatic. The entire time he sounded like a belligerent insane person. And he supposedly was knowledgable on Bitcoin yet sounded like he didn't know anything at all about Bitcoin. Closest thing I can relate it to is it reminded me of whenever I hear Trump speak, just felt like it was giving me brain damage just listening to him and you get the very clear impression that the person you are listening to is a hostile crazy person with severe mental/emotional problems.


So, Kiyosaki claiming you make a profit the moment you buy Bitcoin, yeah that's insane so sounds about right for Kiyosaki.





No matter when you buy Bitcoin you're going to make a profit long term, but you're only in profit when the price is up. You're not in profit when you buy it. And obviously buying low gets you more bitcoin than buying higher, and therefore more profit. Ask anyone who has ever gotten into Bitcoin for the first time during a bull market and didn't know what they were doing and sold for a loss during the following bear market (I think that's probably most of us haha).

No, "we" don't know that because what's a dip? If bitcoin goes up by 10% and then down 5% is it a dip? If it's in a bull market where it went to 60k from 10k, like in 2021 and then dropped to 35k? Was that a dip that you were supposed to buy? Buy the dip is more of a joke than a legit strategy. What you should do is simply buy when the price is right for you. Each of us will have a different price target in mind for both buying and selling.

What many people don't realize is that you make profit even if somehow you're even on the price. For example if you bought bitcoin in 2021 at $40k
and now it's back at 40k, you made money by saving yourself from inflation. If you held fiat money you'd be at a loss by at least 15% in 3 years.

Haha I came here to pretty much say the same things you just said I read his book and of course it's very interesting for someone who doesn't know a lot about how money works, and after reading to book I started following him but now he's just an attention seeker, every single year he says there is the biggest crash in history coming in just a few months, and then other few months, and so on. I don't know if it's the age or if he desperately needs money, but you really need to take with a grain of salt whatever he says. Which is a pity because some advices are actually good.

There are no guarantees, there are only possibilities. Let's take the current scenario, as an example. It looks a very good moment to purchase Bitcoin, because we are coming from a bearish season to a halving event, which is well known for boosting Bitcoin's price to new ATH levels. Even though it can't be considered a guarantee, I believe it indicates a strong bullish market is ready to start, so I go for it, full of confidence, expecting a decent profit margin between 2024 and 2025 by investing in Bitcoin. I can't foresee the future with certain, but I'm pretty sure this is the most likely scenario to take place soon.

In this crypto market, that is the best you can do, because if you keep waiting for guarantees, you are actually not going to invest at anytime soon, just like many people who have been always complaining they missed the train or that they can't buy Bitcoin now because it's already too expensive and they should have bought it earlier.

About Robert Kiyosaki's thought, he is correct by meaning long term investments are more interesting than selling your BTCs always you have an opportunity to make cheap profit on short run, as by doing this, you are risking to not be able to purchase Bitcoin once again for a cheaper or same price you sold it for.

I can see that this guy's reputation isn't very good, and yeah, this phrase is hard to understand. When you're buying, of course, you're not making profit yet. And, if anything, I think that sell point is more important than buy point. Maybe you bought at $17k in 2017, which was a bad time to buy, for instance. But if you then sold at $60k, you've made a great profit, despite the initial mistake of buying near a bull run peak. Of course, it's better to buy the dip, but with Bitcoin, I don't think it's necessary. If you make a mistake when you buy, you just might need to wait longer.

If you consider the three phase of the market which are 1). Accumulation 2). Bear 3). Bull in these phases one is accumulation where you have to fill your bags with whatever coin you are interested in. Then you have to wait for the bear run to go away and bull run to come and in that bull run you have to make a profit and then again repeat the process. By doing this you can guarantee that you will make a profit.

Besides that, there is no way to time the market, and I have learned this from many senior members, even with full analysis, one might not be able to judge the market, that's why we all should have some plan ready to book our profits in this bull run. And investing in BTC does not make it loss prove, you can still make lose by investing in BTC, if you behave carelessly. I think Robert kiyaski is 100% right, but we gotta book some profit otherwise what are we investing for. So don't take his words for guaranteed that you should not book the profit and only should invest in it, because if you will not take the profit and do some productive work with it then why are you doing this all!

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.

That positive difference between the purchase price and the sale price will be the profit. This is a classic scheme for any price speculation (not only with bitcoin).

And this uncle knows how to complicate everything, yeah.

So you can wait indefinitely, each time expecting that bitcoin will cost more in the next cycle (year).

What prevents from selling some BTC now and making a profit, and keeping some BTC for later?

The profit is obtained not from the purchase of bitcoin, but from the sale of bitcoin. Read my first sentence above.

You should also take into account inflation and the purchasing power of money. That is, if you bought bitcoin 5-10 years ago, then during this period, to date, the value of the current money is less than the last money. I am writing this because it is not enough just to calculate the difference between the purchase and sale prices, and also to index the value of money (received from the bitcoin's sale).

I guess what he's trying to say is that the moment you buy bitcoin, and start realizing it as a concept, you immediately alter your mindset for the better. I do agree that merely understanding Bitcoin somewhat enriches the ins of you, but let's be realistic here. You need capital, which means to not be living under a minimum wage with no savings.

He is not bankrupt, he is in debt!  

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.

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.

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.

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.

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.

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.

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?