Rich Dad Poor Dad Author Robert Kiyosaki Sees Bitcoin as the Easiest Way to Beco

[sirty143]

Rich Dad Poor Dad Author Robert Kiyosaki Sees Bitcoin as the Easiest Way to Become a Millionaire

Rich Dad Poor Dad author Robert Kiyosaki has stated that bitcoin is the easiest way to become a millionaire because the cryptocurrency “does the hard work.” He contrasted this with entrepreneurship... See more for yourself here.

Your opinion is greatly appreciated.

[ABCbits]

It's probably his way to attract attention, but Bitcoin shouldn't be seen as way to be a millionaire or rich easily. His claim that cryptocurrency “does the hard work.” also ignore effort and work done by cryptocurrency community.

[NotATether]

Umm... he is actually right. But you were supposed to have bought/earned bitcoin 5-10 years ago. So yeah, no get rich quick scheme here.

That does not believe that entrepreneurship is not important though. Crypto is not cash flow. And you need to have cash flow to be able to buy stuff significantly without going bankrupt.

[yhiaali3]

His words are not accurate. This was true when we were at the beginning of Bitcoin’s inception, but now things are getting much more difficult and it is difficult to get rich unless you bought very early.

As for his saying that (cryptocurrency “does the hard work”), it does not apply to Bitcoin. This applies more to Altcoin, which achieves x100 or x1000. As for Bitcoin, we passed this stage a long time ago and this is no longer available now. Obtaining Bitcoin has not It's never that easy.

[Faisal2202]

It's probably his way to attract attention, but Bitcoin shouldn't be seen as way to be a millionaire or rich easily. His claim that cryptocurrency “does the hard work.” also ignore effort and work done by cryptocurrency community.

No I don't think his words ignore the effort that a person has to make million from BTC, either he is doing spot or future great efforts have to be made. I think he tried to compare the two paths leading to the rank of millionaire. One is entrepreneurship, and the second is BTC investment. If these two are compared I think we only need investment in BTC to make million, only if you are planning to hold BTC for the next 10 years. But if you want to trade in spot or future in BTC then you need more than just investment. You need knowledge, activness, control on your emotions, have to face the harsh market conditions.

But if you are an entrepreneur, you have to find right opportunity, investment, have to be motivated all the times, you have to give more time to work and lesser to relation, you have to be ready and prepare to take quick decisions and action, there are a lot of properties for an entrepreneur while not for a BTC investor. I hope you got my point here. But still the factors I mentioned for entrepreneur, they also work for BTC as well if a person can't control his emotions, he will also try to avoid personal relations and spend more time in market.

[Stompix]

Anyone who still listens to this guy's advice probably hasn't put a dime in with the previous ones or is worse than a gambler going by the saying that even a broken clock is right.

A friendly reminder why not to take advice from Rich Author Poor Readers

Longer version:
https://www.evidenceinvestor.com/the-biggest-crash-in-world-history/

Oh and don't forget, the only moment Kiyosaki wasn't talking about crashes but investments was when he told everyone to invest in real estate...in 2007...

[TomPluz]

Rich Dad Poor Dad author Robert Kiyosaki has stated that bitcoin is the easiest way to become a millionaire because the cryptocurrency “does the hard work.”

From someone who knows entrepreneurship so well and the hard work, dedication, resources, time all needed to be successful in one, I can understand what Robert Kiyosaki is pointing at. Among the many investment vehicles available to anyone looking for some passive way to make big money, Bitcoin is on the top. All one has to do is to buy BTC at a good price...most especially if there is a big dip just like now...and then HODL for the long-term. The return can be so magnificently lie-changing and can be helping anyone looking for some financial independence into the future. Now, with that said, one has to make sure to have some money to buy Bitcoin. And I am advising interested people to look at DCA way of investing as this is proven to be an effective way.

[bitterguy28]

Rich Dad Poor Dad author Robert Kiyosaki has stated that bitcoin is the easiest way to become a millionaire because the cryptocurrency “does the hard work.”

i am going to have to disagree with this one

bitcoin can make you a millionaire but to say that bitcoin does all the hard work would be incorrect and misleading a lot of people have fallen for the same exact words and when they don’t see immediate results they get angry, impatient and then they spread news that bitcoin is a fraud so even though i can say that bitcoin is a lot easier than most methods of being rich, i wouldn’t endorse it as easy

you need money, you need knowledge, you need strategy, you need patience and confidence those things are not easy to get by

[Wiwo]

It's probably his way to attract attention, but Bitcoin shouldn't be seen as way to be a millionaire or rich easily. His claim that cryptocurrency “does the hard work.” also ignore effort and work done by cryptocurrency community.

Having such thoughts have affected most newbies and trapped them into taking scam investment to mean bitcoin investment, reading through the statement, Robert did not mention how bitcoin will make a quick millionaire, and he did not point out also the important of holding bitcoin in a private wallet.

So whatever his thoughts are concerning bitcoin and how he chose to make this statement look or sound to his audience, and he is indeed getting that attention as bitcoin is most suite after investment in contemporary time.

[famososMuertos]

Two things;(1) well, well, It is no longer necessary to refer to his book RDPD, we all know it :  )
(2) that article is really poor, in short if you have 1BTC and it reaches 350,000* you still wouldn't be a millionaire.

^{Price from the source in the OP.}

[libert19]

It's probably his way to attract attention, but Bitcoin shouldn't be seen as way to be a millionaire or rich easily. His claim that cryptocurrency “does the hard work.” also ignore effort and work done by cryptocurrency community.

Someone trusts you with their money, is it not equivalent to appreciate the effort/work of the community?

As for his saying that (cryptocurrency “does the hard work”), it does not apply to Bitcoin. This applies more to Altcoin, which achieves x100 or x1000.

He likely mentioned BTC as a safe bet, altcoins might have potential for huge gains, but equivalent chances of getting failed too.

[bitterguy28]

As for his saying that (cryptocurrency “does the hard work”), it does not apply to Bitcoin. This applies more to Altcoin, which achieves x100 or x1000.

He likely mentioned BTC as a safe bet, altcoins might have potential for huge gains, but equivalent chances of getting failed too.

did he not just use bitcoin because it is the most popular crypto? people who have no idea about crypto will still have an idea about bitcoin but not altcoins and if you want to attract attention from the public you always need to make sure you will be talking about something relevant and popular

anyway even with altcoins i do not think it does all the hard work either since like you said some fail but effort comes from us if we want to take advantage of short windows of profit taking from altcoins

[TomPluz]

I am sure Robert Kiyosaki has been exposed to other investment vehicles like stocks, forex and what can be available in the market...and he compared hodling them to that of Bitcoin. I am not into stocks right now but some of my friends are...someone hodl a famous stock of a well-known bank for 5 years and what he got is 70% ROI (and this is already a very exemptional run compared to other stocks) aside from the meager dividends from time to time. That 5 years can be enormous had he invested in Bitcoin. This can be the scenario why the man said BTC is the easiest way to become millionaire...but of course one must have the money first to buy BTC and we have to do at the right time and then HODL for some time.

[rdluffy]

I really like Kiyosaki's book, he helps a lot of people to see money differently. But I don't think he's that good as an analyst or speaker
He always talks too much, always needs to be saying something when there's often no need to

It's great that he likes BTC and I agree, but he's always making predictions so that in the future he can say he got it right, while all predictions are wrong right now hehehe, he talk about a crisis everytime

[libert19]

I really like Kiyosaki's book, he helps a lot of people to see money differently. But I don't think he's that good as an analyst or speaker
He always talks too much, always needs to be saying something when there's often no need to

It's great that he likes BTC and I agree, but he's always making predictions so that in the future he can say he got it right, while all predictions are wrong right now hehehe, he talk about a crisis everytime

I don't have enough motivations to read a whole book, but I have read summary of his Rich Dad, Poor Dad, and liked it too.

Regarding making predictions and talking about crisis, it's probably to stay relevant, and bad stuff spreads faster too.

I mean, I just checked his X for curiosity purposes and he's bullshitting there too.