According to ChainCatcher, Robert Kiyosaki, author of Rich Dad Poor Dad, tweeted that Bitcoin is plummeting and most people should sell, but he plans to increase his holdings of BTC. He pointed out that all markets have ups and downs, and many people have made a lot of money through "trading", but this means buying low and selling high, and the problem with "trading" any asset is taxes, especially "short-term" capital gains taxes.

His own strategy is to hold for the long term, and he is currently working on starting a business. For those who are afraid of a market crash, he recommends selling and holding on to their jobs, because this is what most "employees" should do.