Current prices are not the most important thing when it comes to determining whether it\u2019s the right time to acquire a certain asset, said the person behind one of the most popular investment books, Rich Dad, Poor Dad.<\/p>\n
Kiyosaki further explained when he is prepared to start acquiring more BTC, ETH, silver, and gold amid all assets\u2019 recent declines.<\/p>\n
It has been a wild year for investors in all assets. Bitcoin\u2019s price began the year with a surge toward $100,000, where it was stopped, and the subsequent months were quite painful. The correction culmination, at least for now, was in early June at $59,100. ETH followed a similar path, dumping to $1,500 a few weeks back. Although both have recovered some ground since then, they are still deep in the red YTD.<\/p>\n
Even the two largest precious metals, typically considered more stable and reliable, have bled out. Silver pumped above $120 at the start of the month, but now sits nearly 50% away from that peak. Gold rocketed to $5,600\/oz, but its crash has been quite painful, ending the business week at under $4,160\/oz (a 25% correction).<\/p>\n
Robert Kiyosaki believes<\/a> these dips are not the only factor that matters. In fact, he admitted that he has recently made this mistake of \u201cletting price determine reasons to buy or sell any asset.\u201d He has now learned to \u201cunderstand the \u2018context\u2019 or the environment the asset is in\u2026 not the price.\u201d<\/p>\n The author and investor explained that he has shifted his focus to the technical charts of the four assets mentioned above and \u201cwill buy when prices reverse their decline.\u201d Moreover, he predicted that the two precious metals are \u201cpoised for a massive rise in prices.\u201d<\/p>\n Being down YTD and since their respective peaks marked in January, both bitcoin and gold raised some analysts\u2019 eyebrows regarding their safe-haven status. Market observer and commentator Charlie Bilello recently pointed out<\/a> that this decline in both assets\u2019 prices is quite hard to explain, especially since most major stocks are up by double digits.<\/p>\n He believes a major part of this is due to rotation, as investors have turned their attention to the tech sector, mostly because of the AI boom. He added that capital has opted to move to assets with earnings momentum rather than staying on stores of value with negligible yield.<\/p>\n The post Why Isn\u2019t Robert Kiyosaki Buying the Dip in BTC, ETH, Gold, and Silver?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Current prices are not the most important thing when it comes to determining whether it\u2019s the right time to acquire a certain asset, said the person behind one of the most popular investment books, Rich Dad, Poor Dad. Kiyosaki further explained when he is prepared to start acquiring more BTC, ETH, silver, and gold amid […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-184263","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/184263"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=184263"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/184263\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=184263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=184263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=184263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}No Safe-Haven Status?<\/h2>\n