{"id":82418,"date":"2024-06-25T03:30:49","date_gmt":"2024-06-25T07:30:49","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=82418"},"modified":"2024-06-25T03:30:53","modified_gmt":"2024-06-25T07:30:53","slug":"robert-kiyosaki-sees-bitcoin-dip-as-buying-opportunity","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/robert-kiyosaki-sees-bitcoin-dip-as-buying-opportunity\/","title":{"rendered":"Robert Kiyosaki Sees Bitcoin Dip as Buying Opportunity"},"content":{"rendered":"\n

Despite Bitcoin's 11% drop<\/a> to $58,400, “Rich Dad, Poor Dad” author Robert Kiyosaki views it as a buying opportunity.<\/p>\n\n\n\n

\"Robert
Robert Kiyosaki Sees Bitcoin Dip as Buying Opportunity<\/figcaption><\/figure>\n\n\n\n

Bitcoin's price dropped on Monday, reaching a low of $58,400 on Binance. It has lost 11% of its value since the beginning of the month. Robert Kiyosaki, author of “Rich Dad, Poor Dad,” sees this as a chance to grow his holdings, even though the trend is down.<\/p>\n\n\n\n

\u201cBitcoin is crashing. Most people should sell. I am waiting to buy more,\u201d said Kiyosaki in a recent\u00a0post\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>\u00a0on X.<\/p>\n\n\n\n

Kiyosaki agreed that many traders could make money when the time was right, but he also said that trading for short-term capital gains is bad for taxes. He likes to buy things and keep them for a long time.<\/p>\n\n\n\n

\u201cMy strategy is similar to Warren Buffet\u2019s \u201cbuy and hold on forever,\u201d Kiyosaki noted, adding that his current priority is to build new businesses rather than actively trading assets.<\/p>\n\n\n\n

The well-known author said that people who are scared of Bitcoin crashes<\/a> should sell their coins and get a steady job when the market goes down.<\/p>\n\n\n\n

\u201cIf crashes terrify you, sell and hang on tight to your job, which is what most \u2019employees\u2019 should do,\u201d said Kiyosaki.<\/p>\n\n\n\n

The latest Bitcoin crash was partly caused by Mt. Gox's push to sell. The manager of the now-defunct exchange said on Monday that the company would pay back its debts in July. Under the plan for recovery, creditors will get paid back in Bitcoin and Bitcoin Cash<\/a>, which is expected to be more than $9 billion.<\/p>\n\n\n\n

Even though it fell at first, Bitcoin's price has since gone up and is now selling at around $61,000, according to CoinGecko.<\/p>\n","protected":false},"excerpt":{"rendered":"

Despite Bitcoin’s 11% drop to $58,400, “Rich Dad, Poor Dad” author Robert Kiyosaki views it as a buying opportunity. Bitcoin’s price dropped on Monday, reaching a low of $58,400 on Binance. It has lost 11% of its value since the beginning of the month. Robert Kiyosaki, author of “Rich Dad, Poor Dad,” sees this as […]<\/p>\n","protected":false},"author":36,"featured_media":82423,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[783,20197,594],"class_list":["post-82418","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin-dip","tag-buying","tag-robert-kiyosaki"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/0_76OmPaOr7EfnSjXy.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=82418"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82418\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/82423"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=82418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=82418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=82418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}