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 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.
