►
Description
Robert Kiyosaki says in his most recent video - "Don't buy this bitcoin dip!"
Jonathan reacts!
Original video: https://www.youtube.com/watch?v=hEd-CDGNgfw
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A
Robert
kiyosaki
says:
don't
buy
this
dip
if
you're
following
bitcoin.
You
would
know
that
you're
in
a
bit
of
a
low
point
right
now
and
normally
most
people
would
say,
dollar
cost
average
buy
the
dip
so
that
you
can
get
a
good
price,
but
robert
kiyosaki
seems
to
think
that
you
shouldn't.
He
also
said
a
couple
of
other
strange
things
that
I
think
I
need
to
respond
to.
So
here
I
go.
B
So
everybody
says
crypto
is
in
a
bear.
Market
or
bitcoin
is
in
the
bear
market
and
I
trade
bitcoin,
but
I
don't
think
it
has
any
value.
I
just
play
the
game,
and
so
I
want
to
know
how
young
guys,
like
you,
can
sit
there
and
say:
oh
there's
only
21
million
but
where'd
they
come
from,
but
I
had
to
buy
it
at
6
000
and
then
the
next
lot
I
bought
was
around
9
000
and
I
had
to
wait
from
it.
I
think
it
had
20
000
at
one
time.
B
Then
it
retraced
down
to
like
a
thousand,
and
I
had
to
watch
to
see
if
I
was
gonna
rebound.
Basically,
I
traded
it
and
today
it's
coming
down
from.
I
don't
know
what,
but
I'm
going
to
get
ready
to
start
buying
again,
but
it
has
to
go
a
little
bit
lower.
So
everybody
says
crypto,
isn't
a
bear
market
or
bitcoin
is
in
the
bear
market,
but
so
is
the
stock
market,
and
so
is
the
bond
market.
B
The
other
thing
another
question
I
have
as
a
guy
who
knows
nothing
about
this
field,
except
I
have
a
lot
of
money
in
it.
How
come
there's
so
many
thousands
of
cryptos
yeah?
It
kind
of
reminds
me
of
what
we
call
the
dot-com
era.
You
know
back
around
2000
everybody
had
a
dot-com
company,
you
know
it
was
this
dot-com
and
that
dot
com
and
they
because
everybody
was
chasing
these
dot
com
companies
and
it
all
come
came
crashing
down
jeff.
B
One
of
the
reasons
I
have
gold
coins-
and
I
mean
real
gold
coins
and
real
silver
coins-
is
there's
no
counterparty
risk.
You
know,
I
mean
they
are
the
money.
So
when
you
say
there's
a
dollar
somebody
declares
it
a
dollar
and
all
that
who's.
The
counterparty
is
the
wizard
of
oz.
But
listen
to
that
there's
a
thing
called
counterparty
risk.
You
know
there's
nobody
else
behind
the
goal
coin:
there's
no
wizard
of
oz,
no
smoking
mirrors.
B
A
Okay,
one
of
those
things
bombs
go
off,
they're,
not
okay.
There's
a
few
things
I
gotta
unpack
from
what
robbers
talk
robert
kiyosaki's
talking
about
here.
First
off,
he
says
that
it's
just
a
game
to
him.
He
doesn't
know
where
bitcoins
come
from.
I
find
that
a
little
hard
to
believe.
He
seems
to
think
that
gold,
it
doesn't
have
any
counterparty
risk.
It
actually
does.
A
So,
if
you
look
at
how
gold
works,
if
you're
buying
gold
on
the
markets,
for
example,
you're
in
a
counterparty
situation
where
you're
buying
it
from
this
market-
and
they
say
you
have
the
gold
but
just
like
he
was
talking
about
a
moment
ago,
if
there
was
some
kind
of
a
russian
attack,
what
he
was
starting
to
talk
about.
All
the
coins
would
disappear,
like
the
odds
of
that
are
very
slim,
not
to
mention
the
fact
that
it's
a
distributed
ledger.
So
it's
all
over
the
world.
There
are
copies
everywhere.
A
A
A
I
don't
think
he
understands
that,
but
robert
seems
to
think
that
there's
going
to
be
some
kind
of
there
has
to
be
some
kind
of
lower
dip.
Clearly
he's
been
in
the
markets
for
a
number
of
years
if
he
was
buying
bitcoin
at
9
000
and
went
up
to
20
000.
he's
talking
about
about
the
2017
time,
so
he
thinks
at
this
stage
it
should
be
able
to
go
down
to
levels
like
that.
I
think
he
might
be
mistaken
because
I
don't
think
he
understands
just
how
much
it's
grown
since
then.
So.
C
B
That's
what's
going
to
go
to
the
moon,
you
know
I
mean
oh
man,
I've
heard
this
so
many
so
many
times
over
all
these
years
in
real
estate
stocks.
You
know
and
that's
why
we
have
the
rich
dad
radio
show
it's
not
to
promote
anything,
but
the
idea
of
understanding
what's
good
and
what's
bad
about
something.
So
how
does
a
person
find
out
more,
I
mean
so
for
somebody
like
me.
It's
best
I
not
get
into
it,
because
I'm
not
tech
savvy
at
all,
yeah.
B
There's
a
guy
named
meyer,
amshel
rothschild,
who
said
I
care
not.
Who
makes
the
rules
just
let
me
control
the
money.
So,
as
a
you
know,
since
I
was
a
little
kid
at
nine
years
old
studying
money,
I
realized
only
people
that
control
money
are
governments,
tyrants
and
despots,
and
so
that's
the
federal
reserve
bank
and
the
u.s
treasury,
and
one
of
the
reasons
I
have
gold
and
silver
and
bitcoin
is
because
I
don't
trust
the
government.
I
don't
trust
the
fed.
I
don't
trust
a
treasury.
B
A
A
Can
the
government
stop
it
and
the
answer
to
his
get
his
guest
says
no,
and
this
is
true-
and
this
is
why
governments
generally
around
the
world
are
quite
threatened
by
bitcoin
and
what's
going
on
because
they
can't
control
it,
they
can't
just
print
it
the
way
they
can
with
their
fiat-
and
this
is
what's
caused.
This
inflationary
issue
that
we
have
around
the
world
and
all
the
issues
that
we're
facing
in
society
today
can
all
be
traced
back
to
the
government's
money
press.
A
You
know
with
being
able
to
print
money
continuously
with
the
inflation
they're,
causing
it's
causing
lots
of
people
to
lose
the
value
of
their
dollars
that
they
have
in
their
country,
while
the
ones
that
are
winning
are
basically
everyone,
who's
closest
to
the
government
that
are
getting
those
newly
printed
dollars.
First
right
so
first
it
goes
out
to
the
banks,
the
banks
give
it
to
the
big,
the
big
hedge
funds
and
the
big
and
the
big
financial
institutions.
A
They
get
to
take
that
money
and
put
into
assets,
and
then,
of
course,
the
price
goes
up
and
then,
by
the
time
you
actually
see
any
of
that
money
trickle
down
so
to
speak.
The
value
of
those
assets
have
already
skyrocketed
because
of
the
inflation.
And
now
your
ability
to
be
able
to
get
into
those
into
those
assets
is
diminished
right.
So
the
financial
institutions
and
the
governments
and
everything
else
they
win.
You
lose
and
that's
what
he's
speaking
about
right
now:
gold
and
silver
in
those
kind
of
scenarios
against
the
dollar.
A
Yes,
they
will,
they
will
be
better,
but
bitcoin
bitcoin
will
allow
you
to
be
able
to
transact.
With
these
things,
gold
and
silver-
I
mean,
if
you
have
the
actual
physical
coins,
you
have
to
think
about
all
kinds
of
things.
How
are
you
going
to
be
able
to
get
it
to
another
country?
How
are
you
going
to
be
able
to
hold
it
on
your
person
to
transact
with
is
dangerous
because
you
could
be
robbed
right.
A
B
Okay,
I
don't
know
much,
I
have
an
old
old
brain,
but
to
me,
where
did
that
come
from
you
know
taking
the
protocol,
I
understand,
but
somebody
just
typed
it
up.
They
made
it
up.
That's
that's
my
opinion
and
I'm
willing
to
be
wrong
on
this
one,
but
I
own
oil
wells.
You
are
wrong
and
to
me
oil
is
money,
but
I
have
to
dig
it
up.
I
have
to
ship
it
someplace.
C
B
Understand
you
know
to
me:
you
know
jeff,
I
I
I
I'm,
I'm
glad
you're
writing
for
the
registered
crypto
newsletter,
but
the
old
guys
like
me
go.
This
is
more
smoking
mirrors.
This
is
more
wizard
of
oz.
You
look
behind
the
scenes
there.
What
did
that
money
come
from?
That's
my
question.
You
know
as
an
old
guy
and
I
still
own
okay
bitcoin,
I'm
waiting.
A
Okay,
so
I
just
I
just
paused
it
just
just
to
speak
to
that
point
about:
where
did
it
come
from?
What
is
bitcoin
so
he's
talking
about
gold
and
oil
and
silver,
and
all
these
things
are
are
real
to
him
right
and
that
he
can.
He
can
take
it
out
of
the
ground
and
he
can
turn
it
into
something,
and
it's
true
and
of
course
I
mean
with
oil.
A
What
are
you
gonna
do
you're
gonna
have
to
ship
it,
that's
gonna,
take
a
giant,
a
giant
container
ship
and
then
you're
gonna
have
to
take
it
across
the
seeds
and
then
you're
gonna
have
to
like
fight
off
pirates
that
are
gonna.
Take
it
from
you,
it's
crazy,
a
bitcoin.
On
the
other
hand,
what
does
it
do
it
transacts?
A
It's
your
ability
to
be
able
to
ship
that
bitcoin
to
somebody
in
another
part
of
the
world
versus
shipping
that
oil
completely
different
right.
In
addition,
what
is
bitcoin
made
of
I
mean
he
clearly
isn't
familiar
with.
What's
going
on
with
mining
bitcoin
it
all
comes
down
to,
and
and
everything
he's
talking
about
is
energy
right.
A
What
it
takes
to
actually
create
a
bitcoin
is
energy
itself
right.
You
are
taking
energy
through
miners
that
are
all
going
into
the
network
to
secure
it,
and
then
that
is
where
the
bitcoin
comes
from
is
from
the
mining
activity
and
that's
and
then
it's
produced
and
from
that
you're
essentially
capturing
energy.
In
a
point
of
time,
that's
contributing
to
this
ledger
and
then
people
are
able
to
transact
with
it.
A
And
so
of
course,
just
like
his
guest
said
he
said
you're
either
going
to
mine
it
or
you're
going
to
receive
it
from
like
you
can
either
buy
it
on
the
market
or
you
can
receive
it
from
somebody
else
for
a
service,
and
these
are
the
ways
that
we
transact,
but
at
the
end
of
the
day,
what
is
bitcoin
made
of
it
is
pure
energy.
It
is
really
just
a
conversion
of
energy
into
a
system
of
currency
and
allowing
us
to
be
able
to
trade
that
on
an
ongoing
basis,
so
the
dollar
value
of
it.
A
Like
he's
talking
now
he's
going
about
how
I
want
to
drop
down
to
20k,
and
I
want
to
be
able
to
have
it-
you
know,
go
cheaper,
but
you're,
talking
about
how
the
dollar
is
just
garbage,
so
it's
like
the
bitcoin,
on
the
other
hand,
is
something
that
has
value.
So
why
wouldn't
you
trade
your
dollars
as
quickly
as
possible
to
get
more
bitcoin?
I
don't
know,
but
he
seems
to
think
that
it's
going
to
go
down
lower.
A
B
And
the
question
I'm
kind
of
asking
you:
where
did
it?
Where
does
bitcoin
or
ethereum
or
dogecoins
or
nfts,
come
from
told
that
there's
a
use
to
it?
You
know
people
pump
it
into
their
gas
tanks
or
not
tesla
cars,
but
oil
is
used
for
fertilizer
to
provide
food
and
all
this
stuff
and
just
putting
on
the
hot
spot
here,
because
it's
a
question
I
have
and
I'm
more
doing
it
for
the
rich
dad
readers
can
I
trade
bitcoin,
but
I
don't
think
it
has
any
value.
B
A
A
I
don't
think
he's
being
really
yeah,
it's
hard
to
believe
that
he
actually
thinks
it's
not
actually
valuable.
If
he's
taken
all
these
other
things,
he
claims
are
valuable
and
use
that
to
sell
for
more
bitcoin
yeah.
Sorry,
robert,
I
don't
believe
you,
I
think
I
think
you
actually
really
like
bitcoin
and
you're
you're
trying
hard
not
to,
I
think
it.
A
It
almost
seems
like
he
sees
bitcoin
as
something
new,
exciting
and
sexy,
but
he
still
has
this
relationship
with
gold
and
silver
and
these
old
faithfuls
and
I
think,
he's
feeling
a
little
conflicted
at
this
point.
So
he's
coming
up
with
conjuring
up
these
ideas
of
oh
it's
this
and
that
like,
where
does
it
come
from?
I'm
just
an
old
man?
I
don't
understand
it's
like
I
don't
buy
it,
I
don't
buy
it.
A
If
he's
taking
all
of
his
gold
he's
taking
selling
you
know
taking
the
rent
and
all
the
all
the
oil
and
selling
it
so
he
can
get
more
bitcoin.
He
really
believes
in
bitcoin,
like
you,
don't
take
things
like
that
and
put
into
something
that
doesn't
have
value
right
as
he's
claiming
right.
So
something
else
is
going
on
here.
I
don't
think
I
I
think
maybe
he's
conflicted.
Maybe
he
just
doesn't
know
how
to
express
that
at
this
stage,
but
yeah
so
just
pay
attention
to
that.
B
C
B
Think
you
guys
really
don't
don't
get
it
from
the
old
guys
like
me,
are
going
like
I
say
I
own
several
million
dollars
worth
of
bitcoin
and
ethereum.
I
still
don't
know
where
it
came
from,
but
I'm
saying
what
did
somebody
do
for
it
about
where's
the
tangible
value?
That's
that's
kind
of
my
question.
I
trade
the
stuff,
like,
I
think.
A
Okay,
let's
pause
right
there,
let's
pause
right
there
so
see
so
he's
going
on
about
the
tangible
value
right,
because
everything
he's
talked
about
so
far
is
like
oil.
You
can
use
it,
for
you
know,
filling
your
gas
car
and
all
this
kind
of
car.
You
know
gold
and
silver.
You
can
use
it
for
all
these
things
in
production,
but
the
fact
that
bitcoin
doesn't
have
a
quote-unquote,
tangible
value.
A
This
way,
you
don't
have
a
counterparty
risk,
that's
competing
with
resources
versus
versus
a
unit
of
account,
so
this
is
actually
something
which
is
a
benefit
of
bitcoin
versus
oil,
gas
or
sorry,
the
oil,
gold
and
silver
ideas
that
he's
going
on
about
and
so
yeah.
I
think
that's
interesting
and,
of
course,
the
his
guest
was
trying
to
say.
Like
you
know,
oh
he
kept
paying
crypto
and
he's
he
started
the
whole
thing
with.
Oh
I'm,
just
an
old
man.
I
don't
understand,
I
don't
buy
this.
A
I
think
this
is
just
a
narrative.
I
think
I
think
he
understands
pretty
well
and
and
he's
putting
all
of
his
money
into
it.
So
it's
I
just
don't
buy
it,
I'm
sorry,
but
sorry,
robert,
I
don't
buy
and
and
keep
in
mind
I
mean
like
he's
telling
you
he's
trying
to
tell
you
that
he
doesn't
understand
it.
If
this,
if
this
is
true,
you
know,
congratulations,
you're
listening
to
somebody
who
has
you
know
who's
who's,
very
rich
and
clearly
they're
they're,
not
very
smart
right.
A
So
so
don't
be
fooled
by
people
who
who
have
a
lot
of
money
and
have
a
lot
of
status.
It
doesn't
mean
that
they,
they
are
significantly
smarter
than
you
are.
You
know
the
fact
that
you're
here
listening
to
me
here
today
means
that
you
actually
are
smarter
than
they
are,
so
you
should
be
guarded
in
taking
their
advice,
because
the
truth
is
is
that
you
know
here
he's
telling
you
he
doesn't
understand
it.
A
B
The
us
dollar
is
fake,
as
hell.
You
know.
I
just
think
it's
a
piece
of
crap.
That's
why
I
own
gold
and
silver
I'd
rather
have
something
tangible
and
I'd
rather
have
oil
and
I'd
rather
have
fertilizer,
because
if
they
do
something,
I'd
rather
pay
somebody
for
their
labor,
because
they've
done
something
the
us
dollar
comes
from
debt.
It's
printed,
I
mean
it's
just
basically,
it
doesn't
exist.
That's
why
all
these
years,
that's
why
the
rich
tech
company
was
formed
and
all
that
and
people
don't
know
what
the
us
dollar
is.
A
So
the
old
man
logic
according
to
him
is
the
us
dollar's
garbage.
It
is
made
out
of
nothing
it's
to
create
debt
through
the
fractional
reserve
system
and
he's
completely
right.
I
completely
agree
with
him
on
this:
the
fractional
reserve
system
you're
putting
your
dollar
into
the
bank,
the
the
bank
is
turning
around
and
giving
ten
dollars
of
it
out.
You
know
and
the
idea
that
the
money
printing
has
something
to
do
with
that,
though.
A
If
you
look
at
how
much
they
actually
spend
to
what
they
collect
in
taxes,
the
spending
comes
from
inflation,
it
comes
from
printing
money
and
they
do
that
more
and
more.
Every
year,
ever
since
the
1970s,
when
the
us
dollar
went
off
of
the
gold
standard
that
has
been
what's
been
happening
around
the
world,
more
and
more
countries
have
been
participating
in
simply
printing
money
as
they
needed
it,
and
the
amount
of
taxes
they
collected
for
what
the
governments
wanted
to
do
were
never
enough.
A
If
we
didn't
have
this
printing
of
money,
we'd
have
no
wars.
You
know
why,
because
he
couldn't
afford
it,
governments
wouldn't
be
able
to
afford
having
wars,
but
because
they
can
just
print
money
all
the
time
to
do
these
things.
They
do
them
if
they
were
limited
in
resources
to
to
carry
out
these
agendas.
A
You
wouldn't
have
to
worry
about
these
sort
of
things.
They'd
actually
have
to
be
fiscally
responsible
and
and
work
within
their
budgets.
The
same
way
you
and
I
have
to
there's
a
certain
amount
of
debt
that
we
we
use
as
consumers,
but
it's
not
to
the
scale
that
the
government
does.
If
you
look
at,
if
the
government
wants
to
tax
a
hundred
percent
of
all
businesses
for
like
the
last
year,
it
wouldn't
even
make
a
dent
in
the
amount
that
they
actually
spent.
A
Think
about
that
for
a
moment
like
let
that
sink
in
the
money.
The
government's
spending
is
money,
they're,
printing,
that's
it
so
to
his
point.
To
get
back
to
robert
talking
about,
don't
buy
this
dip,
the
dollar
is
being
inflated
like
crazy
bitcoin
is
set
at
21
million
like
he
talked
about,
it
is
a
hard
asset
and,
and
what
you
want
to
do
is
you
want
to
stay
in
hard
assets
and
to
his
point
about
why
he's
about
you
know
rich
dad
and
poor
dad
and
all
that
kind
of
stuff
yeah?
A
That's
where
you
want
to
be.
You
want
to
be
where
the
hard
asset
says
you
you
want
to
be
able
to
be
where
it's
going
to
grow,
because
the
governments
are
printing
money
like
crazy
to
a
point
where
they're,
just
the
inflation
is
completely
taking
away
all
the
value
of
your
dollar.
You
need
to
get
away
from
that
as
quickly
as
possible.
So
to
his
point
about
don't
buy
this
dip.
I
completely
disagree.
A
You
want
to
dollar
cost
average
continually
into
bitcoin,
not
financial
advice,
but
it's
what
is
very
popular
in
terms
of
like
how
people
approach
getting
into
bitcoin.
If
you
just
have
those
few
extra
dollars,
because
just
think
about
every
time,
every
time
you're
holding
on
them
on
onto
cash
onto
dollars,
the
value
of
those
dollars
are
depreciating
like
rapidly
these
days.
A
So
you
want
to
get
them
into
something
that
is
going
to
hold
value
and,
yes,
it
will
be
volatile,
it
will
go
up
and
down,
but
it's
not
going
to
go
straight
down
the
way
your
dollars
are,
and
that's
what's
happening
so
to
his
point,
don't
buy
this
dip
is
what
he's
saying
these
are
my
thoughts
on
what
he's
talking
about.
I
don't
think
he's
being
completely
forthright
with
us.
I
think
he
thinks
bitcoin
is
actually
quite
sexy
and
he
just
can't
admit
his
new
love
yet
give
him
a
little
time.