Bitcoin Forum

This quote is constantly bandied about as justification to invest in Bitcoin, and especially now that there has been some nice price movement in the upward direction. But this Warren Buffet quote is only relevant with the proper context, which is that Warren Buffet only invests in things he has a fundamental understanding of and can quantifiably value. You can confidently be greedy when others are fearful if you have a sound investment thesis and are a fundamental value investor. This is how he turns his investments into home runs, he knows what he's buying and what it's worth and can weather the negative sentiment until the market learns what he already knows. This doesn't apply at all to a speculative investment like crypto. Following this advice willy-nilly is gonna get you burned because you're misunderstanding the intent and the application.

Don't not buy Bitcoin if that's what you want to do, but don't fool yourself into thinking you're following Warren Buffet's advice. Warren Buffet doesn't speculate, and if you're buying crypto, you're speculating.

Agree wholeheartedly.  I'm a long-time admirer of Warren Buffett, and it's obvious to me why he doesn't invest in bitcoin--he doesn't know where it's headed, and he can't analyze it like he can a business.  Either you believe bitcoin has a future or you don't.  Either you think bitcoin's price is going higher or you don't.  Buffett can't determine whether it's undervalued or not like he can with a stock, and neither can anyone else here.  Sure, you can assert that you see from the charts that it's going to $100,000 but that's not being honest or using any sort of logic.

Buffett speculates too, but he's not throwing darts when he buys a stock.  He's brilliant and looks deeply at the business that's behind a stock before investing.  It makes all the sense in the world that he hasn't bought bitcoin, which could cause him to lose all the money he put into it.  Plus he'd have a very hard time justifying that to the Berkshire Hathaway shareholders.

Personally, for someone to rely on Warren Buffet's quote to make investment in crypto is an outright misrepresentation and twisting of fact to suit your own purpose because Warren himself has never believed in crypto for him to have made such comments concerning it and up till this morning, that has not changed.

However, the quote can be applied but in any investment decision you believed in and in a micro way, its what majority of believers in crypto have continually done without the need to read quotes such as in cases of downward trend in price when panic selling is the other of day, a lot of people still stay strong until there is a turnaround in the situation of things.

Warren Buffett doesn't believe in gold either, and that while gold has a proven track record of thousands of years. The thing with Buffett is that he likes to invest in things he can generate revenue from in form of dividends or interest. Bitcoin obviously doesn't produce anything in that way. In order to earn from crypto is to have a fundamentally strong POS coin with low annual inflation, but where are they? I haven't seen one single POS coin that maintained its value -- they all crashed hard and will keep crashing hard because they don't know shit. Ethereum plans to become somewhat of a POS coin, so we'll see how that goes....

Yeah but lets not too greedy as to get sucked up in the black hole. I believe what Warren spoke was all about his experience at the Wall Street and not the crypto currency world. Things are completely different here, we know very well things can turn upside down here in any minute. Well bitcoin reached 8.3 K USD within two days and it may happen that it will turn back on us within a night. So there should be little fear always, doesnt matter whether it is up trend or down trend. Having precautions is always the better way, being greedy at right time is okay, but I still doubt its relevance in the crypto space.

Almost any profitable investment is risky. In any case Warren Buffet analyzed the stock markets, then invested his funds trying to hedge the risks, and he was successful on his way.

I don't agree that buying a crypto currency is a speculating. The price of a PoW based crypto currency has a prime cost that can be estimated from the resources spent for mining a coins. Advertising increases the demand for crypto currency, and its price grows. This is a market price, as the price of gold or other commodity.

I understand this quote of Warren Buffet like that: "be in the counter direction of the market movement", i.e. "you buy when others sell, and you sell when others buy". I approve this opinion.

I think it is very normal, the world is freedom and competitive that everyone need to work hard to get what they want, you are free to get greedy and fearful as you want,  the world is a machine that need to be running continuously without a pause, then the earth is stronger.

He is great to be the most respected person in the world, I just say that it is true then to be yourself, this world is so difficult it takes courage to be a very feared person and do not care about other people's conversation It is important that the business is as beautiful as now .
Investments everywhere are very reasonable because at the age of 11 Warrent Buffett has bought his first share with a very young business, his hard work is very good, as his knowledge and maturity grow heavily by buying farms and other stocks.

In the encrypted market if you greed you will die, so set a clear clear goal so it will be better for you.

Uh..Just don't listen to what Warren Buffet say blatantly. You do know that there are stupid people out there who would take the quote literally, and not put enough thought in it. I mean, you should believe in your gut more than what you believe in other people's sayings. Warren Buffet has no experience in crypto, hence he doesn't believe in it and that's what is expected of any person. You invest only if you believe in something. Warren Buffet is a legend when it comes to the stock market, he can make quick money, and he prefers to stay in that sort of market. That doesn't make stock market everyone's favorite.

And about the saying, Greed isn't the right word to use. You should use your wit and then decide if you want to go in or not, there should only be two things: Fear or no fear. Greed in between will ruin your thinking process. Don't invest into something just for money, invest to get a profit, in monetary terms and to gain exposure. That exposure is what will lead you elsewhere.

Yeah, being greedy when others are fearful is quiet useful in a stock market, but since cryptocurrency is a highly volatile one we should take a more safe way to protect your money. In cryptocurrency everything is possible in one whole day, but I like the idea of investing during a dump market that is best for me.

Yes you are right, investing a huge amount while the market price is dumping is the best thing to do in order to earn more profit because you should always take advantage of the market in order to become very wealthy.

Right. Greed should also be leveled if you are too greedy and set too much expectations. If you fail, have you lost everything?
Make sure you balance your finances before making a decision.
Only then can we acquire the whole market as you wish.

I think that mentality would ruin cryptocurrencies. Even if we have control of our finances, greediness of others will take ours and I think that even in crypto, no investments are safe. Values are moving and that gives us no assured amount. I think people see crypto as  game in which if you do not win, you lose.
That saddens me a bit.

greed will destroy everything for ourselves or others, in trading. greed robs our common sense of doing something stupid. if it is done by many people, it will damage the market

Be greedy when others are afraid? when fearful of someone you do not care and do not imitate so that you do not lose everything and do not be greedy for all time because it does not help

I don't think people need to be greedy when getting involved with cryptocurrency investment and signature bounty campaigns. I believe that people can still manage to earn profit following the normal procedure and for some being fearful that their investment might be gone wherein the tend to sell their  btc during bear market. For some people being greedy in joining signature bitcoin talk where they do multiple accounts in in athe ICO bounty campaigns.

Seems some people here didn't understand what OP quoted. Well as far as I know he meant be a greedy when everyone is afraid because when everyone is selling in panic we can take this opportunity to buy more and let's be greedy and sell when everyone is afraid. This mentality should be follow within this community so we can all be well.

So, Warren Buffet doesn't understand Bitcoin and because of it he doesn't invest in it, but at the same time he calls it "rat poison" and says that people will lose money. How does this make any sense, how can he make negative prediction if he doesn't understand it? It really makes him look stupid, and maybe in some 10 or 20 years he'll be remembered not as the greatest investor in history, but as the guy who dismissed Bitcoin when it was 100 times cheaper. It doesn't matter if the market is crazy and investors are noobs, in the end of the day Bitcoin's price will be determined by its fundamentals, and I think most of us here agree that they are strong.

In this world we need to take advantage of all things, as early as now we need to invest for the future, many people hesitating in terms of investing because of fear, we need to think that everything have a consequences, on my opinion when you are expert or have a knowledge about investing money dont hesitate to invest, You need to bet, dont lose the opportunity trust yourself to be a succesful in the end.

I agree with that, as a trade and economic principle, especially concerning a price, opportunity and opportunity to make people will continue to speculate whether it is related to the circumstances or time is made tense or vice versa, when the circumstances and conditions are also used in such a way to sale or purchase or economic practice, it makes sense when all can be achieved in addition to the carefulness and accuracy of experience when reading the situation and market conditions, be it on the stock exchange market or crypto, may be useful and successful for all of us

That quote doesn't need to be followed by us. He may intend to mean something more than that. And I think sometimes it doesn't work on cryptocurrencies.

People are greedy now and many are buying I millions of dollars are you advising us to sell now?  I think selling now is to sell too cheap because this is a healthy bullish trend we are having for the first time of the year.  We could actually sell now and buy back during the next corrections that will happen because of this pushed, however, it is better to hold.

 We have different opinion on the above topic. Why be influence by one person on your investment from your hard earned money? Investment on Bitcoin is individual choices. You take all the consideration before investing, the risk of losing such investment, the market trends, price value on the said coin, all of this are just indicator for which one person should take into acct. before a final decision is made.

Totally agree with you. You can not keep a coin if you are not sure that the price will grow. You need to have immense knowledge in this field, be able to analyze the state of the market and the prospects of coins. Without this, it's better not to take chances. IMHO

This has been said a million times already, but I will repeat it once more : if you buy the dump and sell the pump you will make money on the crypto exchanges long-term. Be greedy = you are buying coins while others are fearful and selling on the dump, be fearful = you are selling coins while others are greedy and buying on the pump. Believe it or not the market follows a pattern and if you are doing the opposite of what others are doing you will make money. Don't follow the sheep  ;)

Keep holding the coin if you are sure that it has a future and also on the dips keep buying so that you can make the best of the returns when the prices rise. May be short term the price may be in a down side but we all know how quickly the markers can be recovered.

I don't know how I feel about that quotation.

Warren Buffett didn't invent that concept or mentality. Its a fundamental observation many investors, traders and businessman have repeated over the centuries. Some of the best investment opportunities were to be found during the crisis of 2008 when bank stocks were severely underpriced--before the bailout bill was announced. Bitcoin would have been a good investment around 2014 when silk road was closed and china cracked down on exchanges. The idea that opportunities abound under circumstances where people are fearful like the 2008 crisis or bitcoin's 2014-esque crash is a common theme throughout history.

AFAIK Buffett made his fortune utilizing long term HODL investment strategies based on market and business fundamentals. He wasn't someone to make spur of the moment deals or profit from times when the market was at its lowest and future prospects were bleak.

What happens when people are both greedy and fearful? That's a question which interests me. It could be something to be answer in order to accurately anticipate which direction markets and economies are headed.

Great quot, I like it!

I disagree with you. As you wrote this post in economics section, we should be talking about bitcoin rather than the whole cryptocurrency market. We can't directly point at bitcoin or at what backs up its value. This doesn't mean, however, that the price is pure speculation. Bitcoin can be used as payment and as means to monetize online projects. If people believe in it, allow to use it and actually implement it into various platforms, its value is not less real than that of the gold. Bitcoin is not backed up by anything, but it can be the back up for other things. Moreover, as bitcoin represents blockchain technology, we can say that is has most of the value attributed to this technology, because it is not very serious to rip them apart.

Exactly, you can lose everything very quickly. its better to have a clear and planned out strategy and stick to it. i think its the best way to lose as little as possible

It's important to understand that experts or gurus in certain parts of an industry don't necessarily mean they are as knowledgeable in other industries.

Warren Buffett has done extremely well in his life, which I respect him for, but we shouldn't overexaggerate his investment skills.

Everything with fundamental value will keep going up, and the only thing he's doing is position himself in companies offering that fundamental value. You only need patience here, which is quite an easy task if you during the years scoop up dividends that you can reinvest directly to generate more income.

You know what he's doing when his favorite stocks are going down? He buys more because he knows that their value will go back up.

What do people here when Bitcoin is going down? They sell because they are too afraid to just let the market correct naturally.

Bitcoin has that fundamental value and we have enough years functioning as evidence. It doesn't matter what price you buy at, you'll profit later on anyway.

I somewhat agree on this. Especially when others are trying to be greedy we should be very careful because the whales are speculating the market and they are waiting for the right opportunity to dump it. So we can face huge amount of losses. But I also think that Warren Buffet is not a cryptocurrency expert, though I agree on what he said. So we should not follow his statements blindly.

Interesting but I am not going to follow that strategy at all. I guess being greedy in any situation is harmful for our trades and we must take care of it. Its our money that we are going to stake here and thus can cause financial damage to our assets. Lets consider the fact that Warren is rich guy and he wont get affected with what he is loosing at all. I guess we are ordinary investors and we should not be greedy at all. We have limit assets to invest or re-invest and hence keeping our steps with at most care is advisable. At least from my point of view.

So what is the meaning of the quote? I can't understand what you are implying here but what is do know is to buy when others are in panic selling because this is the time that the price will go low. Get greedy to buy when the price gets low is what the qoute makes me understand.

Definitely many of us here having this thought also why would you afraid to lose your money when you will just think that you can earn on that thing? This is how the quote being implied with taking advantage on the areas where this kind of investment had inculcated a lot of fear from the FUDS scaring you to get away with it. Well if you are just familiar with this investment then definitely you will not turn your heads away.

Honestly I would not advice you to listen to any "big whale" out there. Make you own decisions and live your own life. You dont have to listen to what others say because everyone here is on their own propaganda and notbody gives free advice on trading. Because real investors never speak of their real investments. What we see is only a small fraction of it, never take their words for granted nor get motivated by them.

If you believe in crypto and its future, buy it. If you dont, well...then what are doing in this forum? :D

Be greedy up to a certain point. Never invest more than you can afford to lose. Learn everything you can about crypto, study it, invest where you feel confident.

That is what the quick learners do. This could come only with experience though as you have to make a calculated decision.

Warren Buffet must be a legend of stock market. But we cannot take all these in all the markets. Because just being greedy for a no-potential altcoin may lead to disasters. If we have invested only with bitcoin then being greedy will not hurt anyone.

It's going to be in logic and reasonable but I can point out that to be greedy is not always helping the actual state of things going around you. When you will be more greedy than you are, it is not a fact that you will gain something, but most likely you will lose more than you would in normal state.

It's a suspicious advice I would say and no guarantee that it would function each time. And not everything that is valid for stock exchange can be applicable to Bitcoin too.
Still I can agree that dealing with Bitcoin requires to be bold and to have certain risk apetite.
Although to be greedy as such is not good even you think you can control it. Sooner or later you will lose that control.

Words are really good a specially for the forex markets or crypto markets, but it is really difficult to follow. When everyone is getting greedy you also try to be greedy, because you see a green line. It is just psychology, we always want more and forget about the chances that we get :)

Buying of cryptocurrency now is going beyond mere speculations but now becoming a real business; all things being equal. Every of your decisions still needs some form of checks even to help in profit maximization. You don't have to be overly greedy and overly fearful too.

It seems very true when other people are afraid of something but we can become greedy and dare to take risks. When will get a big advantage for ourselves where other people can not feel it.

The quote on the openning page are really true but everything can be in crypto world and a one wrong move can cause losing your money always buy when price is at the dip this can be resulting to gain huge profit this is an advise it up to you if you apply to your strategy.

What is the encrypted market ? Trading and encryptions of crypto-currencies are completely two different things. If you mean decentralization, then probably you are have some point. Even decentralization will not kill you as it will open many other opportunities for you. Please make your statement more clear.

That is not yhe right thing to do, for me. In my own opinion. People have a different opinion about that. Some people agree and some people dont. I think being greedy is the the ideal attitude of a person. Being nice and generous is a must so that we have many friends.

In business, you need to be greedy to earn, but just do not forget that you need to be able to release money so that they return.

no need to be greedy, it will destroy us.
we must have a sense of satisfaction, take a modest profit from the trade do not expect anything big. if you do not want to be ruined.

You should be greedy when others are afraid, but are you afraid when others are greedy? This is the normal view of investing, and if you can overcome both, you can certainly make money speculating.

I think the above quote is not meant to be an understanding of crypto investment because we know that Buffet is one of those figures who hate bitcoin on the grounds of speculation and fluctuations. For me, as long as crypto can still be profitable than investment on crypto become a major choice compared to other investments that we can not necessarily master quickly and easily.

good quote  and i agree with that , when people panic sell , there opportunity what we can get from it , and when people pump it so hard we must get careful of that

It's important to understand though why Buffet doesn't believe in gold: because it's not a productive asset. It doesn't produce income, it doesn't have cash flow, it merely is an asset that is worth what large groups of people agree on and doesn't generate any return outside of that. Also, the proven track record of thousands of years for gold isn't as a wealth-producing asset, but as a wealth-protecting asset, and this is a HUGE difference. People don't get rich buying gold because over very long periods of time, gold largely tracks inflation; no new wealth is created, it only preserves what wealth was put into it over time.

Probably ancient latins were first while saying: mors tua vita mea. This mot can be applicable to any field, and crypto is not excluded. Obviously, you need to exploit weaknesses of the market and try to bag the most in sorrow times. And it is also applicable to speculation as well. It is the foundation!

"Be greedy when others are scared" is actually one of my best phrase.
The present market state is the best time to be greedy in bagging some cheap good altcoins now that some others are scared.

I'm not sure why so many people are down on Warren for that quote. He's basically saying buy the dip, and sell when things are high. If I wasn't so greedy back in January I would have had a nice profit. But I was greedy and I have many times less than what I used to have.

I think in this context, greedy and fearful are mutually exclusive. If you are acting greedy, you are acting without fear of loss. If you fear loss, you aren't acting greedy. Greed ignores risk while fear inhibits risk taking.

As for the previous points, acting greedy doesn't mean your decision is spur of the moment. It just means that you're going into positions that others are fleeing. This can, and should be, a well-deliberated investment decision.  Also, the investment opportunities you highlighted about the 2008 financial crisis are only evident in hindsight. In that moment, the world financial structures were crumbling. There was no indication there was going to be a bailout, or that if there was one, that it would work. In that moment, there was no confidence in the system and risk of loss was everywhere. There was contagion and systemic collapse, and everything unfolding was pretty unprecedented. Now as it turns out, anyone putting money into certain companies made a killing, but don't forget that speculators were putting money in Bear Sterns on the way down too, and they lost everything. Same for Lehman. Looking at the landscape 2008, risk of loss - not just loss, but total loss - was everywhere. It is only 10 years later with the benefit of a great deal of hindsight and context that can look back at 2008 and say, man, there were some good opportunities out there. At the time, that was an incredibly uncomfortable thing to say.

Shouldn't over exaggerate the investment skill of who is widely credited as being the greatest investor of all time? I don't know if that's exactly possible, but if it is, I don't think anything said of him so far would qualify as over exaggerating his investment skill. When he took over Berkshire, the company stock was worth $19. It now trades for over $300,000. I don't know of another case where a public company has seen such sustained and massive wealth creation. It's a bit of an unfair comparison given the respective time frames, but those returns are better than Bitcoin's numbers, even for the HODLers!

This phrase makes a lot of sense.
In bearish market such as we are witnessing now, the best thing to do is to go greedy on some good cheap altcoins.

Personally, I try to simply invest in bitcoin a certain amount monthly. As the mathematical model shows, this strategy allows to achieve the optimal purchase price.

Buffet is a very clever and prominent person but it seems me tha the often has some inside information before making investing decisions but anyway I respect him very much. It seems me that he describes 2 stages of market. The first in is an oversold stage where you need to buy to reap some later and the second one is an overbought stage which is usually named as ephoria where you need to sell all your assets before a crash or a deep correction phase.

Be greedy in a sense that don't hold too long, always think about the future possibilities of your income and giving your self some pleasure in making out of that possibility, In the crypto sphere, you should be aware that you are capable of earning much more you deserve, there is a lot of investments and ways to earn, they have campaigns, you must be that optimistic person, where you will consider all the profits that you will have by achieving it in a beeter way, not like others who have some fears in taking a step.

This should be applied when the price of bitcoin was below $7,000 because a lot of people are fearful and they are all doubting if the price of bitcoin will go up again and have a comeback and that is when you should become greedy and you should be craving for profits with that and if you did that then congratulation because you already made a great profit until now.

I will agree that this is the best strategy when you aiming a successful investment in cryptocurrencies. You can buy a big amount of crypto when the price are very cheap in the market. and just hold it for the main time because crypto price are very volatile. You can sell it all when the price slam to rise up again. 

If that’s his understanding of business and situation then that’s for him. I don’t have to be affected by his mindset. If that works for him then that’s good for him. I don’t have to be greedy when others are fearful, I’d rather help those who are fearful so we can enjoy together the profit of our own investments in bitcoin or crypto. That way i was able to share others what i do know and all of us are happy.

Nice strategy. When others are fearful, that's the time to be greedy. Been greedy at this time will get you all the coins you need at low price because a lot of coins will fall cheap

Keep in mind, the price is what you pay, and value is what you get—pay too high a price and returns are decimated. To elaborate on this, the value of a stock is relative to the amount of earnings it will generate over the life of its business. In particular, this value is determined by discounting all future cash flows back to a present value, an intrinsic value. Pay too high a price and the return that arises as a stock gravitates back to its intrinsic value over time will erode. Act greedy when others are fearful and reap enhanced returns, under the right set of circumstances: predictability must be present, and short-term events that create the subsequent downgrade in prices must not be moat-eroding.

Everyone always says to buy the dip and buy when others are selling. The problem is when you run out of FIAT and are all in and holding, it is very hard to be greedy when others are fearful. Many of us are stuck as we have no spare cash to buy, but if I did have spare money now, I would try to get as much BTC as possible. Now it is retracing a little bit due to EFT announcement delays but we could see another impending crash soon if the EFT for the CBOE gets rejected by the SEC, then if I have cash I will buy Bitcoin and Altcoins.

I don’t know why this sentence can’t be applied to bitcoin. The fact that Buffet said it, doesn’t make him the exclusive owner of the sentence. Also, the fact that Buffet doesn’t buy bitcoin doesn’t mean it can’t be applied to bitcoin either.

He doesn’t understand high tech companies and the sentence can be applied to them.

Buffet is the best traditional investor but the world is constantly changing, and at a fast pace nowadays.

If you have done your research and you buy an asset because you strongly believe it has good fundamentals, that sentence applies. It doesn’t matter if you buy bitcoin, google shares or KO shares: when everyone is scared and selling, buy; and when everyone is so very happy about the investment because it goes up non-stop, sell.

Therefore, can we conclude that warren buffet does not fully understand bitcoin or crypto right? If that is the cased then we all goes back to the idea that investing into crypto is a full gamble that cannot be predicted. Even if you used all the possible logics available to where the price is heading. It is still impossible to be greedy when others are fearful.

I like this quotes. I think it is in fact right, when other people are fearful the price will go down, when price go down it is generally good time to do some invest, because you know later the price will go up. But it is hard to follow as well, when other people are fearful, it is possible that you will be fearful and do not want to make any movement.

Investing a huge amount while the market price is dropping is the best thing to do because you can always take advantage of the situation in order to earn more profit when the market prices goes back to normal.

I also like this quote a lot, and it makes a ton of sense, still hard to always apply it though, human nature is so strongly rooted in us..


Mehdi

It is not good to be greedy, we all know that because it can cause other people’s failures. By the quote- it teaches people to do wrong thing and play around with those fearful one- you must always put your shoes on their shoes, turn the other way around always if you are in their situation what would you feel.

I dont want to be greedy while others are afraid of falling price of bitcoin, many of us want to earn so they do everything they can buy in trading. But for me if i see the price is going down i choose to trade it to another coin or sell it fast and wait for the big dump and buy again . But always remember all your  investment is on risk there is not sure that you can profit but atleast you have a chance to make a profit . Just focus and check you assets time to time.

In my Buffett generally moved with his mind, or pursues certain goals, clearly hidden from the eyes!

Warren Buffet is too old to think about bitcoin, focusing him only on the stock that has made him rich. By the way, to get profit we are needed for greedy, greedy in another sense has a way to realize. However, if greed merely indulges in the passions will create an endless suffering. Agree with this word


My other view is, nowadays many people are harassing bitcoin, they think bitcoin only economic bubble next to be remembered, this is always Warren Buffet said. But that has been analyzing bitcoin and bitcoin potential in the future, there is a point with the quote  talked-about. Today bitcoin investors are being greedy to invest, while everyone who knows bitcoin deeper will feel scared to get started. And this will be reversed when they are familiar with bitcoin well.

Quite right. This is essentially the problem with applying any kind of traditional investment thesis to crypto: it has no intrinsic value because it doesn't have cash flow or produce income. So there's nothing to base the value off of when there's no intrinsic value, and all valuations are arbitrary and speculative.


See the explanation above. This is why Warren Buffet's quote can't be applied to crypto. Because when he says something like this, it takes as a given that you have a sound investment thesis and are investing based on the fundamentals of the company. Eventually, the market will realize what you already know and will correct the price. This doesn't apply to Bitcoin because there are no fundamentals. Applying this advice in a crypto context is no better than just guessing.

There something I would to correct, with all the respect of the others here in this thread. I don't know if the questioner is giving an advise or

asking? whatever, If we see that others are fearful while most of the price value of the coins are declining the term " Greedy " is not the right for

it instead, we must take the chance to buy the coins that got dumped especially if altcoins are potential one.

Maybe that mean is, greedy to buy? because many people certainly think that it is a good opportunity to buy
when prices go down because many users are panicking. of course the price will bounce quickly.

if there is capital to buy everything, who is afraid? when prices fall and everyone is afraid to buy, in fact it is our chance to take a big investment opportunity.

I agree with the opinion of Warren Buffet; as shared by you.  The same opinion I shared in the forum last month in following thread'
https://bitcointalk.org/index.php?topic=4548213.msg40959748#msg40959748

Really speaking we should never follow the crowd.  Crowd followers can never become leaders but just a part of crowd.  The people who done something special were only who took some different path. 
So lets us swim opposite to the current of the river.

Most of the time being greedy will result of losses, but based on the line that be greedy when others are fearful it has a chance to get more earnings because some investors invested when the value of coins in the market are rising to make sure their investment have a big chance to earn profit, then greedy people are taking risk before the value of coin will increase.

Investors can always read opportunities, when many people are afraid then he can take advantage of the right moment to buy so as to get a big profit one day, greedy people always have a good tactic and certainly dare to take risks.

How being greedy will ruin cryptocurrencies ? Honestly I'm not getting point. For example, if you are turning greedy then you will holding bitcoins which will definitely increase the demand. It means bitcoin prices will go up. Then how it will ruin cryptocurrencies ?

Yes, greedy but there are limits to them, while the market is falling, many fear and sell the coins to the market, but let's go upstream and buy in, hold the coins for long , I guarantee that you will be profitable if you are patient.

This statement is true only in certain cases. If in January 2018, Bitcoin prices drop and if we are greedy to buy Bitcoin while others fear to sell Bitcoin, I think this is a mistake. We should buy and sell according to the market trend

Lol… you shouldn’t be greedy, neither should you be afraid… just cat normal. You might try to be greedy and that will be the time you will end up with losing your money. After last years’ bull run a lot of people especially those greedy investors, we’re complaining that they lost their money up to 50% and above that.

These are all those that were afraid of investing when price was low. So don’t be greedy and also don’t be panicking a lot. This is unpredictable and you can’t tell what will happen.

Agree with your comments. Sometimes we should see greed. There are a lot of people scared and selling Bitcoin and altcoin at very cheap rates because they think the price will drop even more. But I think they are foolish to have such thoughts

Yes, I am always greedy when others are scared. Sometimes there is some negative news about Bitcoin and Bitcoin prices dropping. I will always buy when prices fall and just wait 1 or 2 days after the price will rise again, and that is when I make a profit from greed.

In the market that involve billions dollar, we should not panic with market condition if we already believe on our investment. I think Be Greedy when others are fearful is description about what whales do when small investor panic. Whales / big investor will buying good coin/ token on cheap price when many peoples start selling their coin because of negative news. We should always research when we hear about negative news and not panic in any circumstance

I wont call them "foolish" because they are humans and they need money to run their families. They may need the money for any dire situation in real life and thus shorting the bitcoins for fiat asap. But then we have a large number of people who are holding on to their coins for months hoping to touch the 10k -20k USD mark in order to sell.

LOL I wont say you make profit from greed. Its good to reinvest your profit and make money from it. You just need to enter the cycle of rise and fall at the correct time and soon you will be be making money from trading.

You must understand that there are different levels of inside information, inside information is not illegal in itself, so there is nothing wrong with what he or anyone is doing, in fact if you are a fundamental investor you want to have as much information as you can before making any kind of investment in a company, and with his reputation it is obvious to me that even if he forgot everything about how to invest he will still very successful since he will have trusted people to him giving him hot tips about which company to select to invest.

Warren Buffett seems to me that-that knows what we do not know.So you need to keep an eye on people like him.And if possible, learn to invest with them.I suppose I do not regret that I made some investments in the crypto currency.If I had a financial portfolio like Warren Buffett, I would multiply it in the crypto world at least 2 times.Warren Buffett hear me please ;D

Greedy is to fair with one doing and not to be hold too much on  one is doing for the opportunity is not at one side adding fairness to one doing to be averagely doing it right and well

Sometimes we need to be greedy. I remember that last year I sold Bitcoin for $ 4000 because I thought Bitcoin would never be able to raise $ 5000. And when the price of Bitcoin rose to $ 20,000 I was very sad because I was not greedy

We should be greedy and fear the right time is the best method. If there is good news, then we should greed and buy more Bitcoin. If there is bad news for Bitcoin, then we have to sell Bitcoin and wait for Bitcoin to have the lowest price to buy

Everyone has their own investment choices. But most of the investors in this market are always greedy. The only newbie feels scared when prices start dropping. But I believe that once they know about the crypto market, they will certainly become greedy just like us

The crypto market is like a game. And we are the people who are gambling for money. Some people are greedy because they think they will win this game but some are scared because they think they will lose. The crypto market is only for people with cold heads and greed

   I agree, it takes the skill of discernment in order to make an accurate forecast in such a volatile market. The slightest bit of stimuli can cause fluctuations, which if one is not careful, could prove to be costly. He has made his fortune, so I personaly take his words to be precious like gemstones. Men like him are usually two to three steps ahead at every turn.

Warren Buffet's advices in the world of investment is very much taken into account, and i agree with them. Most of these opinions also apply to the crypto world. Sensible, move in the opposite direction of the market.

Very good topic !
Personally I hate this quote so much. It shows you how a pro speculator thinks about the market. BUT if you are planning to build your investment strategy on this idea in crypto, you will likely to fail. Crypto is so easy to manipulate with realitevly low sums of money, that conventional tactics and analysis can fail in any second. As a simple whale move can drive the price by 200 USD under a minute in each direction, stuff that works on the stock exchange, might fail in crpyto. Buffet and otheres will never understand the fundamentals of crypto hence their market advice will fail in crypto sooner or later. Do your own diligence.

Not everyone is speculating every time. Predictions can be sometime harmful choice hand making smart choice is difficult depending upon the situation. When people Fiat the price inflation due to rumurs or by watching the price crash . People start making wrong decisions and others take advantage of this opportunity and became gready.

Impossible. Regardless of how long people have been investing or trading this market, they all go through various cycles where their confidence decreases based on what happens in this space. If you don't cash out you feel uncomfortable in some cases, but the same applies to when you do cash out. It's impossible to be on the right side all the time because we're all subject to the same rollercoaster. You can somewhat hedge your emotions with trading by using a bot, which is what a lot people do, but that directly leads to uncertainties regarding the results of your bots. And then you also have to hope that the bot you're using has no backdoor access with how people either pay for them or blatantly use one that's available on internet....

This can be both good and bad advice at the same time. For when a great majority leaves a project it tends to devalue and with that the few people who entered the business take damage.

"Sell high, buy low"

The main idea is help people understand when to buy and sell. Investing in a stock with a low value comes with great risk but great risk comes with great rewards.

There is also a thing called smart investment, would you invest in a telegram company in this age of smartphones?

Maybe that will be the cause to lose you more money and maybe that will be the reason to decrease your profit.  Don't be greedy, must think wisely. There will be a right time to be greedy and also for fearful. Just think wisely before you do any steps.

In some point but I do not consider it as an advantage for us. I might buy some coins when low but I expect more risks upon it. However, this is the factor why other investors can double up their profits. Buy more during a crash and sell when it peak. Probably, only risk taker can do that.

Warren is a super successful business man. But he's had failures too. If you want to be rich you will definitely fail at some point. Learning from your failures is important. Don't make the same mistakes. Even the best of the best fails. Following his advice in the market of crypto isn't as accurate but definitely sound advice.

Warren is a super effective specialist. Be that as it may, he's had disappointments as well. On the off chance that you need to be rich you will come up short sooner or later. Gaining from your disappointments is essential. Try not to commit similar errors. Indeed, even the most elite falls flat. Following his recommendation in the market of crypto isn't as exact however certainly solid guidance.

maybe we can greedy if we are sure that the price will increase in what we predict but still, don't be greedy is the best suggestion for every trader. I think it's not greediness if the others are fearful but we are brave to take a decision after doing research about what we want to do so we know that we are want to make something and we are ready with the consequences that might be happening in the future. meantime, the other is not to brave to take the action and they choose to be a watcher, listener, without doing anything and finally, they will regret that they are too late to make a decision.

it's a good suggestion, indeed as humans sometimes our thoughts will be easy in the propaganda by what we hear or we read, in our crypto business sometimes we make hasty decisions just because of negative issues, and that sometimes becomes our regret in in the future, there are times when we have to close a few eyes and ears to the opinions of others in making decisions but it is also the limit just to filter it, not too, because sometimes hear the opinions of others can also be a positive inspiration, essentially we have to be open in receive any information but all do not be swallowed raw raw but must be filtered first dipikiran well, just take a decision, do not be rash if you do not want to regret

Inside information actually is illegal. Information is either public or it is not. If it is not public, it is inside information, and inside information is illegal to use for trading purposes. Just because a particular person doesn't know something doesn't mean it's not public though. If the information is obtainable and someone doesn't know how to find it or doesn't, that doesn't mean it's inside information. But information that IS insider information is without question illegal to trade on.

The statement holds ground when you know what you are investing into otherwise any statement can be taken and be twisted in such a way it it gives false idea's to people.so alway know what you are getting into and then only you can say be greedy when others are fearful.when buffet said this statement he was referring to something he knew about and had investigated about it properly and then said  and he also knows if he invests in every project that comes across his table he won't be left with a table at the end of the day so first investigate and then invest no need to hurry there is always a market boom around the corner you just have to know here to look .we have improved and matured as a market and offer investor's various platforms to invest and provide a diverse range of choice .

It's pretty interesting how the opinions on insider information are pretty far apart from each other.

In the crypto world there are loads of people trying to justify the use (abuse) of insider information, while there is nothing about it to justify. It's illegal by itself and unethical in every possible way.

Roger Ver seems to be on that side as well, which might explain the crazy price explosion of bcash just before Coinbase announced that they will be listing it. Coinbase CEO is pretty close with Roger Ver as well.

We'll probably not hear much from it again with how Coinbase and Roger can just keep their mouth shut, unless something happens and they start to blackmail each other. We'll see where it ends.

It very simple in words that when everyone is selling you buy and when everyone is buying you sell. This the main success secret of frading. But you should be more caution when trading

Yes,  if you do not have enough knowledge then you will not choose the right coin. It means being greedy with a scammy coin will not help you for becoming rich. You must use your knowledge when choosing the right market so that we can analyze better then being greedy will help us.

I agree. A person juat following everybody else will just fall like everybody else. Besides, you can only be great at your chosen craft if you invest not just resources but time and effort. Time and effort to learn and perfect your craft. In investment terms, to learn what and when to invest in, to develop a system that is fool proof and income generating.

You need to know as special mindset in order to be able to perform that because it is so easy to say that money is nothing but a Number is on the screen or something similar to that but it's really hard to risk those numbers, when it comes to the action.

When you are greedy, you should not focus on short-term. Being greedy is generally associated with long-term. Once we are having invested in the right market, waiting longer periods for big returns should be a problem. People go for short-term with the any market because they are not choosing the right market for investments. When the market is not right, being greedy will not have any sense.

This market needs alertness so there is no ambiguity here, to achieve the goal of trade-offs with new efforts. Greed is for the big ones or the lucky ones. No one can say this market well, including financial experts.

Well it is hard indeed to risks at first if you don't have knowledge at all in crypto. Yes easy to utter words especially if money is the purpose when we have to invest in crypto. Just like in bitcoin we dont know really where it will heading so sometimes being greedy is helpful to earn money.

In order to do this, you have to have a lot of money. Personally I do not have much money so I will not do this. I only invest in the trend of the market.

Yeah, in that case it was Coinbase employees who had the inside information and were trading on it. At that time, nobody but Coinbase knew about the intention to support BCH and this was a potentially huge development that would most likely send the price substantially higher. And indeed that's exactly what happened. Trading on that information when it wasn't public would be insider trading. In the securities arena, insider trading is plainly illegal. There's no defense for it. In crypto, I don't know if it's *technically* illegal because that would come down to a legal interpretation of if any securities laws were violated (if the underlying instrument is/isn't a "security"), etc. What's plain is that it should be illegal if it's not, and it was a violation of Coinbase's policies. In my opinion, it was morally and ethically wrong as well.

The quote was just to give an advice to investors. There are many ways to be rich. Investment is not necessarily the only way but people do believe that it helps to become rich. Indeed, most millionaires are investors. The thing is that they invest long before the product becomes famous. In that case, it is easy to be greedy and jump on the opportunity. On the other hand, many people became famous thanks to their intelligence. Here, I am talking about Gates or Mr. Facebook. Inventing something can also help people to be rich. Finally, I think that writing is also a way to become rich. If you are successful, you can make. So again, Be greedy when others are fearful depends on the occasion.

I think it's not good if we will greedy while others is fearful because we know being greedy will bring you to loses and being unsuccessful person. Maybe not to much greedy is alright because if you give way to others is good to our feelings. I know in crypto many people is greedy because they want to grab opportunity but I think it's not good to be greedy.

The market for cryptocurrency is very hard to predict so investors should be alert and have a clear investment strategy to avoid the fluctuations of the market. I believe that things will get better in the late months of 2018 and the market will boom.

It isn't always correct to be greedy, all of us understand that due to the fact it can purpose other human beings’s failures. by way of the quote- it teaches human beings to do incorrect element and mess around with the ones worried one- you need to continually placed your shoes on their footwear, flip the alternative manner around constantly if you are of theirscenario what would you experience.

Very true, lad! It's alright to take risks. But it must be calculated risks. If you must take advice from rich men, then you must make sure to understand completely their advice. Being greedy and stupid is self destructive. The kind of greed Warren speaks of is smart. After accessing the situation, you choose to do what others aren't ready to do. And while doing this, you go all the way.

Maybe there are more deeper meaning of that phrase, but if there's none then I don't think that it was right cause working with crypto requires a multitasking intelligent, situation is the basis if the investors will be greed or not, price also of BTC and other coin affect. BTC enthusiast plays safe to avoid being scam and and fight back if the coins fluctuate positively there are no strong evidences that proof that a investors should be more greedy when others are not maybe that sequence can lead to more worst scenario.

in fact you can take advantage of the situation to get more profits when market prices return to normal and large amounts of investment while decreasing market prices are the best things to do

We should not be always greedy and you have a point that it is not always good to be greedy because it is best to become smart and more strategic than before in choosing what is the best investment that we could try within our money, even the other people are fearful, we should still be smart if we are still going to invest.

That's right investing is need to be wise in a decision, especially those coins not enough trusted besides on bitcoin and top altcoins. Greediness is not good all the time when others are having a fear, you need to have deep research before engaging on investment or else you have failed to achieve your goal profit. Warren Buffet is a good speculator but I think he is a good researcher too, and he can't speculate the crypto market.

Being greedy when others are fearful means being able to take risks in spite of the very many uncertainties that surround you. Those who have the ability to take risks usually get the lion share of profit. This also applies to the cryptocurrency market but make sure u have a sound understanding of what u want to invest in before you do.

You have a point. I think we should either agree that any investment is a speculation of sorts, or that buying established cryptos is not speculation. Warren Buffet himself has made a lot of mistakes along the way, because of which billions of USD were lost. No way we can call him, or anyone else, an investor who always knows what to do. Although he is rightfully considered one of the most successful investors in the world, his decisions were not always flawless. Read more from the links below:

https://www.investopedia.com/financial-edge/0210/buffetts-biggest-mistakes.aspx

https://www.cnbc.com/2017/12/15/warren-buffetts-failures-15-investing-mistakes-he-regrets.html

Nevertheless, he has a net worth of US$84 billion, as of now, and we surely can learn a lot from him. Imo his words, "try to be fearful when others are greedy and greedy only when others are fearful", make a great formula for success.

I fully agree with the author. Panic and excessive greed often lead to losses in crypto. keep calm and just follow the information is often a sufficient condition for making a profit. And greed in the bidding did not bother anyone

Oh come on Warren can not be real about all this situation. Be greedy when other are fearful, lolz, that is still considered as taking huge risky. What if I am becoming greedy but at the same time this volatile market becomes upside down, then who it is that I should be blaming.  ;)

I guess its worst idea and I am not sure what others has got to say because I see many warren fan followers here. I would only say that be prevention is better than cure so prevent yourself falling for greediness.

Being greedy in this market and without any knowledge about how this market works is precisely the reason why many newbies lose their money to scammers, it is easy to think you are going to make a fortune in this market but to actually do it is a lot more difficult, most of the people that became successful in this market did it by working very hard and holding their coins for years, they were realistic about what they could get and now are enjoying their good results while newbies want to get rich in a matter of weeks and that is not going to happen.

Yes you’re right, but you shouldn’t let that statement or quote blind you from the fact if you are doing anything at the wrong time you are bound to lose. So know what you are doing, we all know this is risky and of course the biggest risk takers are those that comes out with the lion share but that doesn’t mean you can just jump in at anytime and be expecting that you will make profit, sorry it’s not going to work out for you.

This is the secret to making it big in crypto space.
While others are panic selling their holdings at loss...a smart investor should take advantage of that and bag some goid altcoins and sell to the weak hands who sold at loss.

Well, that is true. It's all about taking on information with a grain of salt. Basically, following a trend doesn't always reward you. Being safe in descisions ultimately gives a very poor return. Bold descisions however risky they maybe actually gives a huge return for all your efforts. Nonetheless the most improtant hing is to stay your ears to the ground and listen.

This has been said so many times that it is no longer a secret in the crypto space.  :D

Fun fact is that some people actually take advantage of the drop in price and buy some but then price keeps on tumbling down even more and they start panicking. In order to prevent this you need to identify the point where the bear run will stop. This is tough to do but if you look into the 52-week chart of the coin you might be able to ascertain a point where the drop might end and bull might start.

I certainly agree with him. If that man is then certainly he is greedy and certainly noy fearful. The principle is an instinct that everyone or has for his ownself. But it always matter when you can control it. Greed is good only when your aim is to get rich but if you wanted to help people then share at least.

I know from the latin sentences that fortune is more opened to those who are brave and bold. But it is really hard when you are valuating your money very high. It is much easier when you have some experience as an investor.

If you’re doing that but doing it at the wrong time then I’m sorry for you. And by the way, who told you that others in Bitcoin are afraid or greedy when you can’t even see them? Well, what I’m trying to say is that whatever you’re doing you should do it at the right time, by the way BTC is something that is being driven by the force of the crowd, so the earlier you get in, the much better you will achieve.

If you’re trying to be greedy when price has already gotten to highest it would do for that year, then you will. End up as one of those that loses.

This is a good advice but it seems that most traders don't have enough patience to follow it. However bad situation may seem at any given moment, if one was able to wait 40-50 weeks, when needed, he/she would see much better situation most likely, and wouldn't lose part of their money selling at loss. Imo, due to wider adoption, the time span during which recovering from the previous crash is not yet starting, will be getting shorter and shorter with time, but for now it can be up to 50 weeks.

Just when did greediness became a good thing? If greediness is a good think, that will not be a part of the 7 deadly sins. Greed is a sin and no matter what you do, it is a sin it will never be a good thing. A lot of people are blinded by it, instead of being greedy why not just follow what you want to. Greed is a sin but it is a part of it, no matter what we do it will always be with us. And we all know that most of the greediest people that is alive never shares, the reason? They are greedy.

True, getting advantage of getting profit from buying the dumps of the fearful ones is a very greedy move. But watch out when the market continue to crash you will find your self buying at the middle. Always spare a few BTC or USDT so you can average down and save your self from drowning.

Double the effort because the risk is also doubled. In other words risk is greater when there is a higher chance to earn just like how bitcoin and cryptocurrency works on the market. So we definitely need to evade these risk and somehow make an effort to eliminate some of the possible loss in the future for us to earn more and be a successful investor or trader of cryptocurrency.

Well, I believe that just because Warren Buffet has a different opinion about crypto industry doesn't mean that we shouldn't follow his strategies. It might not work sometime as the exception but considering the long run, it mostly works as per my observation. It is true that we can not compare the traditional stock market with the crypto market which is highly volatile but in such case, these set of principles work very exactly and helps the investor to have some base for his investment strategies.

Yes, only greed motivates us to work, and greed will partly help us gain the patience to wait.

Talking about warren buffet this is purely greediness .

But sorry i dont buy the words of advice if that damn person will tell us

Not everyone can become rich because only few are gifted to become this and some will continuously remain as simple and normal living

I like the idea of being greedy when the market prices are dropping because in this way i can hoard more coins which gives more profit when the market prices goes back to normal.

So you are on a forum that's bitcoin related and saying that you shouldn't buy bitcoins because it's speculative, that's completely wrong of you. Bitcoin is based on the rarity of coins as the maximum amount of coins that anyone can mine is 21 million and there are quiet a lot of people more than that so every person will not be able to get a complete bitcoin. So when everyone will come to know about bitcoin then the price will be at that stage that everyone of us holding more than 1 bitcoin will be multi millionaires.

It is true that to be greedy will put ourself to come up with a big profit because we will not be able to gamble our stocks in red market. It is a good idea of having set profit to earn and always think to hit the target for profitable results.

Thank you very much for your advisors, I appreciate that. But I can say you that I will do those things and think that way only after I will gain something significant and what I can feel here. Because right now money is having a value in my eyes.

Indeed. Newbies think that it is an instant way to get rich not knowing that those people who claim rich today worked for the long time and hold the coins until it gain good profit. They work hard and knowledgeable who to used their money in useful way that they can earn from. Scammer comes near to those who have enough knowledge and easily put their money away because of promising good amount in return but never going to happen.

maybe greedy can help us to make a big profit especially if we know that the market will still increase at some level of price. but besides of greedy, we need to always be careful when the market is dropping because the price does not always bounce up so you can get your profit in a fast way but you need to wait for a while. I have the experience for being greedy and unfortunately, I cannot make a big profit because I miss something and makes me get 30% from the 65% of actual profit that I might get if I don't miss something.

What motivates you to work is your stomach and your liability towards your family. Greed makes you lose control over your mind in the hunt for making more money. What you might make from your daily work might make you feel bad at times because you could only earn that much and not more. Dont let greed take over your mind because it will kill you.

Be patient during this bear market and keep an eye on the movements happening. The sell pressure will stop at one time - which is when you should place buy orders. That is the time to re-enter the bitcoin market.

Maybe it needs detail explanation. This just like that people do if want to see the panic on market some people are ready to buy in low price. This using if you understand when the decrease end. But greed that too much make you lost the chance.

I think this quote refers to manipulation of monetary in terms of taking the risk. There's a lot of cruelty and greediness in this world of crypto. We better watch out for those greedy managers or head, especially in staking or mining. Well, however, investing is great generally when it comes to mining.

Being greedy while others are fearfull is very very overrated, this applied a few times with cryptocurencies last year, however this year and the market as of now is very different and being greedy while others are fearfull totally dont match the sentiment now, nobody is putting in tons of money in something that gives them losses, how many times were you truly greedy when others were fearfull?
Exactly, so as long as the market is not heading into a good direction you will keep losing your money.

Bitcoin is money . and we should not playing or gambling our money for safety trading . choose the act of buying and selling not based entirely on gambling. more closely following the market market trend is far more safe and profitable than gambling and only hopes for the price. indeed crypto complicated. need good experience and analysis.

I agree with the Warren Buffet quote posted by OP but I totally disagree with what you said about crypto currency investment because no long time investors have ever lost his/her money when invested into Bitcoin when others are fearful. However, I don't know why youvguys believes that every lost in cryptocurrency market cannot be amend.

People only see the end results and that is what they want to emulate not realizing there were many steps the person need it to take in order to reach that level of wealth, most people that have lots of bitcoin in the forum have been here for years and have worked hard for them or took huge risks when it was not a sure thing that bitcoin will survive, so people need to learn to separate their fantasies from what they can actually achieve in a determined amount of time.

Buffet  quote is quite reasonable, being greedy when others are fearful is a wise strategic decision that require an individual with adequate knowledge, It is always wise not to follow the crowd. Now is the best time to keep investing, not minding the panic in the atmosphere.

 Crypto investment involved Risk factors in the market, you may loss your investment and gain more profits from short term or long term investment. one should note all consideration upon investment, like the fundamentals, market structures, the trend, market movement, market stability by specific coin as posted in the market. some other investors traders just follow the simple principle "buy low and sell low". Patient is the Key and Timing is the most important factors to consider in investment. Now is the good time to invest when the price is Low.

I am agree with this quote. Mostly when peoples greedy, they dont use rational calculation and just want to buy and its happen when peoples fear. When peoples fearful, they just want to dump and trying saving a penny. I think the most important thing on any market is always be rational and not panic in any circumstance

But the fact remains that you'll lose when the moment you sell. So even market isn't ready yet to go to our favorable side and as long as you hold you didn't still lose and the thing is you still believe in your coins.

Agree with OP's quote yet I don't agree in being greedy as it better suits in those whales and not us. Better be just taking the advantage while everyone is fearful, like buy all their coins and just hold.

Following the crowd will get you nowhere, it is possible that not following the crowd will led you nowhere as well but at least you are trying something different, all of those that bought at the end of December and then sold losing money were just followers, whales and speculators took their money as if they were taking a candy from a baby and now they lost an incredible amount of capital in just a few months and now they are afraid to enter the market again when it is precisely at this moment when they should buy.

I think you are free to be greedy and fearful as you wish, the world is a machine that must keep going without pause, the earth is stronger. Because it's so normal, the world is freedom and competition that everyone needs to work hard to get what they want

The quote is apt in the market's current scenario not for the world in general. If we start talking about moral science then this could go on forever but that not what is meant in this line. What it means is that while the despair is going on in the market the wise people would extract more coins at the low price for future holding and selling in the bull market.

A low price of a coin does not mean a bad condition always - people are selling - let them sell. We can capitalize of their "fear" to buy more for our "gains".

It seems very true when other people are afraid of something that we can become greedy and dare to take risks. take the risk and wait till you gain what you deserve because of it, I think you really should take advantage of it because sooner or later crypto would recover.

But to buy at falling time needs lots of other calculations compared to being greedy while rising markets. I guess it may not possible without some knowledge on predicting the turning points of the markets. I guess it may become a practice but need some more time to understand the essential of this strategy.

As much as we can see buying to happen in a day or more time frames, we can also see accumulation in fewer time frames. However, with the volatility of the market, sometimes, it is always best to stay relaxed than expecting something to be a buying price level and then seeing a fake beak out. Most times, the volume on break out is always the easiest way to detect anyway.

I was a big fan of Warren Buffet some times back but unfortunately I had failed to predict about the futures of cryptos and especially bitcoins which may be the reason I am always hesitating to follow his golden words in real life and more particularly in my trading.

Many big players follow this principle in their business which ever it may be and if people start following this in their life as well then definitely we would not have this much fall in prices of the crypto so quickly as things dips more due to the panic selling as well and not buying during the dip time.

I'm trying to be careful with my greed, because very often is leads me into a bad place when I just lose my money that I have earned with a hard work, lol. So I would better be careful than greedy.

I think being greedy is unethical irrational but I think it is economical. It is economical that you are taking the chance to buy from those who think that they are in a lost. But it is unethical and irrational when you are trying stole the property of others that they work form

I got your point but I beg to disagree. In crypto investment too, a key factor towards making the desirable times 10 profit requires some amount of greed and may I quickly add that, not investors speculate, some of us dig down to study a project and after conviction, we can go a long way trusting our research and intuition which is similar to what Buffet does.

That is normal if Warren Buffet only invests in which he has fundamental understanding of certain thing. We can see that some of bitcoin investors are probably do not understand well what actually they invest or even they just following others so that they have a little knowledge about it. Warren probably do not want to take risky of their investment, it is a humanity. However, we should not be influenced of his words. Just believe with what we do and keep learning.   

Sometimes we need to be greed, so that we can achieve our goals in lifes.  Especially when we are dealing with our investment in crypto currencies. But we have to be careful also for our greed, because to much greed can also  lead us to lose our money. So we have put a limitations to our greediness.

a friend is investing dollars and euro. but he is making so many funny moves that he really earns very little. another friend earn much more thanks to his courage even though he does not know the market well.

Investing but do not know the market but still get profits then it is a factor of luck. To invest in this way, the rate of failure is just time.

Fearful and greedy is a disease of trader and investor that will only lead to loss. So according to me better do your research beforehand and do not involve emotion in investing or trading.

Well, I'd have to agree. Basically don't be a bandwagon person. I myself have to know this lesson the hard way. Never invest on something that you have never studied on. Take into consideration what analysts or speculations say but always take it with a grain of salt. Never accepy it on face value but fact check.

It indirectly depicts the presence of incentives and opportunities to invest in the crypto market because of the low prices and some people might not participate in the investment because they might fear they would loose their money. This is a smart thought and one should be smart in the market to make big money. The down prices give you the advantage of claiming a big margin of profit when the market recovers. So if the scenario is that, and if it can rise your value, be greedy.

Well, I wouldn't say greedy, but I think that the more appropriate word is tactical. When the market is not doing good, and everybody is fearful, a true investor should try to look at the good side and be tactical about his movements, especially in the cryptocurrency market. Since the prices of many assets and coins are going down, it's the best time to buy and invest, since you can get a good amount of coins while not using up too much money. Having said, that could be a really good move in order to maximize one's investment, but you need to really be brave because it's just too hard to look at the good side while everything is in ruins.

I agree, because when you involve emotion in investment or trading there is a possibility for you to lost your money, that is the reason why we don't need to be panic. I think being greedy is not good.

It’s not that easy to take advice and when you take it in action there is big tendency that you will fail more. But learn how to become patience and wait on the right time, well holding is much more the best.

To some extent this is the right advice, if you do not try to buy more, you can lose everything.

- More precisely, what we need is to eliminate panic or restrict it to the lowest level in all situations, do not act based on fear, it's just an act of evading reality and to accept defeat, need to use knowledge and capacity to solve problems. Turning back to issues related to fear and greed, this topic also says some things are true, it is the escape route that always lies in the moment of birth and death, sometimes greed and recklessness will bring good results but these are just theoretical, it is not realistic and should not be applied to investment or trading

Hmmm, so much to ponder about here. But is every Bitcoin investor actually a speculator?

I think users will not see it irrational or not when opportunities come and others think differently is not a problem, each user has their own perception and it is built from their knowledge and skills, when people think that cutlose is the right thing and I think buy be better, is that wrong?

It's the right investment idea to be greedy when others are afraid, but when others are greedy, you should be afraid.

I can be really, but usually I can not control that affect because while I am training or buying cryptocurrency I am trying to do my best and my maximum and very often it leads me to drastic losses.

In my opinion when all the other fell fear and you are not like them then it is the key to success for you and soon they will see you on the top while if you want to be rich in the world then you should be greedy when the other are fearful and do your best to go ahead in the business ans investment and make your mind for the long term investment.

There are lots of quotes out there and many quotes are still pending you the reason what the reason behind that just because that people are not as famous as mr buffet. So if he says something that is for sure he must see something in this topic for that reason he is giving that quote I m really admire him a good and perfect entrapper. He is the 2nd richest person in this whole globe. So I don’t think there is any more reason to deny his quote. There must be some different opinion will be there in this place and about this topic but I think he is right.

Funny about how I post bitcoin-related thoughts on a bitcoin-themed forum, right? Or did you think the only purpose of this forum was to be an unquestioning echo chamber of hype? It is without a doubt that Bitcoin's value does not come from rarity and comes exclusively from speculation. When people buy Bitcoin, it's not because it's rare, because essentially it is not. You have no trouble at all buying as much Bitcoin as you want, there's no shortage of sellers. You're confusing a finite supply with actual rarity. People buying Bitcoin are speculating that because of the finite supply, some day it will be worth more than it is today. That's 100% speculation, based on the thesis that overall demand might one day render it rare and therefore more valuable. You can't call that anything other than speculation.

Expecting that because you bought a bitcoin, someday you will be a millionaire is just silly.

I agree of that. Every one need to workhard to get income to use in there daily life. Yes you are free whatever you want even greedy and fearful cause life goes on and the worlds are continues running you need to survive and to become successful in the future.

One of famous quote of one of the riches man on earth (Warren Buffet) and thus found out being greedy while others are fearful can give you a very good profit when the right time of selling it will come.

That is not the way it works, if everyone decided to follow the advice of Warren Buffett then the advice will become ineffective and doing the opposite will become effective, remember you cannot become successful doing what everyone else is doing, you need to follow your own path, that does not mean that you need to reinvent the wheel, but you need to do something different otherwise your results will be the same as the results that everyone else gets.

I think he means a long-term investment. if we consider in this context, then of course bitcoin has to do with this saying. since buying bitcoin, when others are afraid more than once helped other investors to get rich, and Vice versa, to sell bitcoin, when others greedily buy it, a great strategy that saved people in December 2017

Ok, I really wanna say lots of thing about this topic but I don’t know were to start in. So let's start what Mr buffet quote is. I know he is very intelligent man and the second richest man in this whole world and its also very truth that he leads a very simple life though he has tons and tons of money he is also a very good vision in business sector and he taught us that be greedy when others are fearful if he says this there must be a reason on that we are really don’t know this market as Mr buffet see this marketplace as well. So I don’t think there are any more reason to deny his quote. There must be some different opinion will be there in this place and about this topic but I think he is right.

What's Mr. Warren Buffet said that's true and that's very basic I think that's a pretty good strategy for us to use.

Speculation's a market psychology forecasting activity which's accompanied by a purchase in the form of assets that have a fluctuations value. Speculation motives are the same as investing or gambling, which is to seek profits. Well, speculation is an investment or gambling activity characterized by having a high degree of risk but will give you high returns.

Investing into cryptocurrency is very risky and it was  normal for the market price to fluctuate since bitcoins and altcoins is volatile but cryptocurrency is still a good investment and all you need is patience in order to earn profit.

Let's say that doing the opposite of what the market does is a strategy that works only if it is implemented at the right time.
That is, if you can get out of a positive trend before it changes direction.
Otherwise, it's just stupid.

Your friend is just lucky, it is true that you need guts in order to be an investor but that is not enough you need to have knowledge because once the luck runs out and your friend begins to lose money it is likely he is going to take even greater risks trying to keep his previous earnings and when he does that he will lose even more money as a result of his decisions.

Keberanian itu perlu di lakukan ketika suasana agak goyang..membeli koin selagi orang khawatir dengan situasi limbung ..orang menganggap itu proses gagal tp jika harga naik anda berhasil

In my own opinion, it was not about luck, if the trader or the person is really good at marketing or they knew how to trade properly then it was very easy to earn profit and take advantage of the current situation.

I admire Mr. Warren Buffett. A talented investor of the world. His words are good but not always right. Greed can cost you everything when you do not see the right market.

I thinks this words is a reverse sychology,thats we must doing greedy when other are fearful while we must fearful when others are greedy,otherwise this words of wisdom give us a guidance in order to achieve our goal to become successfull of our investment in crypto investment therefore believing and trusting bitcoin is the only way to bring lambo in our life,and not believing those given advice  done by Mr.Warren buffet,even they are successfull entrepreneurs,because they only thinking there own necessity and goodness of there bussiness because they threaten now thats there bussiness would collapse because of crypto legacy.

that's a great way to grab everything when everyone is scared. and that's how whales holds all their assets in crypto.

You need to survive and and use every skills that you have in order to gain much better, people who can handle the risk and capable of working out with others fear are going to benefits and make more success, as they can mixed up. There strategy and continue to profits.

Its very famous word in investment world. When peoples fear on their investment, peoples tend panic and selling their investment not matter he lost on his investment. Crypto market right filled by panic peoples and i think its our opportunity buying good coin with cheaper price 

He does not believe in the good or the bad and there is nothing he can do or will do.

History proved us that the best moment to buy is when the sheeps are fearful and get slaughtered on the streets. :)) If you are a good wolf you will drain their blood and use it to get massive amounts of abundance, if you understand my metaphore.

In my understanding, it seems that he means to buy when the market is low because of many fearful sells and sell when they are greedy meaning their demands are high so hence the high prices. It applies to cryptocurrency as it follows the basic rule of economics also.

Typically, when others are fearful because of often dumps unlike when we go to 5,800 everyone is fearful in buying that is a big break for the big investors and whales to buy and when the market pumps like the recent high everyone is greedy to pump it more where the big investors sell on that point.

All of these are just concepts of Warren Buffet if you really do what he has to offer its up to you because most of users now are greedy to take advantage in the market and all those newly investors attack because of fairness that's why many greedy people become more rich and some of them think more wisely.

greedy is not a good trait, even though it is greedy when someone else is afraid. I think it's more appropriate if we replace the word "greedy" to "spirit".
'we have to keep on encouraging when other people are afraid', I think these words are more constructive and better.
when other people are afraid of the current market situation, we must be more enthusiastic, even have to be able to buy coins that have the potential to have a good future, so that we will benefit if one day the market prices recover.

There's a situations that you really need to be greedy. There's a perfect time and a good time to be like that. But here in the world of crypto, always be careful on what you're doing and what you want to do.

I kind of understand this concept if you are talking about stocks market because it is still a real companies but in crypto it's like you are trying to catch a falling knife, sometimes I am trying to catch the rebound to get a quick profit but it's still quite scary to do that in crypto as the price can go really low because of the thin buy order, maybe it's just me that's still unexperienced buying when the market is red.

Yes, I am always expecting and greedy waiting for the market to grow again

greedy is actually good in the crypto world, because in the crypto world it is different from the real world, especially at this time in the crypto world there are ongoing problems, and it is difficult to understand by various people

Greed is good in the regular world too. Greed is the force behind capitalism, the "invisible hand" of the market. As we have seen, capitalism is the most successful type of economy of the world today.
In the crypto world, greed is good too. The only problem comes when "less-intelligent" investors get carried away and invest a lot in Bitcoin.

Yes don't invest all your money, invest only you can afford to lose. Investing in cryptocurrency you need knowledge and study and learn all facts about in cryptocurrency it helps you a lot in your investment to be confident and positive. I think greedy is good cause it is only in investing online not in real life.

Greediness my put you into trouble. You must always think still in every move that you're doing because it my affect how you live in your everyday life. You might lose everything to you in one single move.

Warren also says that if you investing be ready to wait at least 10 years, if you aren't ready for that waiting don't invest for 5 minutes.
What we speak on this forum is the same what Warren is saying for wall street, buy when prices are red and sell when prices are green. Wall street with this grandparents can suck now, they needed decades to learn something, to do something, today we are much more connected, people share knowledge more then before, that's why crypto has a future, we are learning and sharing much more than older generations.
In the end even Warren has some gems in his life he is one old man, I don't know why he doesn't go to pension and live his last days in peace? What drives people to earn more and more, is there enough in their vocabulary?

The most important thing is to be patient always, even if times like that comes we need to think even more than normally about moves which we wanted do on market cause not every coin could just pump so high when market will recover.

Read the post I answered to, it is about luck, the user I responded to says that the friend that is earning money in the market does not know the market very well, which means that whatever profits he is getting is because of luck and nothing more, anyone can win a few times in this market the real question is if you can make those kind of profits consistently and most can't.

Of course Buffet said right words, but there is another situation in cryptocurrencies market. I think you should be always very careful opening any trading position. Because you can get in a situation when you buy in dip and then will get second new dip.

We forget to say that Buffet has such a capital behind it that it can afford to do any experiment, lose tens of millions of dollars, and leave with indifference.
Who puts everything at stake, it's better to use smarter techniques.

A statement said by Warren Edward Buffett, I think that is true. Being greedy when others are afraid, can be categorized as one of the strategies that we need to do, even compulsory for us to do. Feeling afraid when others are greedy, this's a moment that we must anticipate in the future because the big players often play this type of strategy with their wealth.

I really defenitely agree with you. You can not keep a coin if you're not sure about the price has risen. you should have long-term knowledge in this field because when you engage in such a job you should have a mindset and compassion and before all you must study a market state and the prospects of its coins. Without it, it is better not to take other opportunities.

Greed never leaves you out at any stage of life. When you don’t have money, you are greedy. You are getting something slowly and gradually and you are greedy. You are quite rich now and you are still greedy. Trading or investing isn’t hub of greedy. Unlike gambling where everyone is greedy and everyone is looking for more money. Don’t lose your motivation and get your results.

In this market, I think not to be greedy but brave, awake when others are scared. Make a decision based on your knowledge and market information.

It is some time noticed that when the market fall all of those who are not a good business man they have no interest in the crypto so if the market is down the greedy who are wise they fear freely invest in these currencies and then they are very profitable.

that is right, Buffet can make anything with his capital especially when people are too afraid to invest in one program and Buffet will try to spend his money to see his chance to make a profit. but for us which doesn't have much capital, I think we need to think more about investing and we need, to spend some amount of money and not use big money. we don't spend big money when other people are afraid because we don't want to make a big risk for our cash.

It really depends and moreover, the period of accumulation some times to me is when everyone is just simply not sure where the market is going and at that stage, it is always so easy for the whales to keep loading up and until they do that, before we get to see the market move up. Accumulation to me sometimes is detectable when we keep seeing some bullish divergence, and that makes it so easy to know that the boss has loaded up for another possible trend change.

For now though I am not sure accumulation is over as there is still more room to go down. Temporarily, we may be seeing some though, based on how the market has been acting, and that is also based on the time period on the chart we are dealing with as well. For the mean time though, there is a possibility of a short term accumulation which could result to a change in trend soon, but with the volume, I am not so convinced yet.

totally agree. the words are very helpful for new traders. and if you look at the market conditions many people are afraid of falling bitcoin continues to manage. that means now is the time to buy bitcoin

I guess in a way this is applicable but you must learn to be greedy first since this is a bad attitude to have

Rich people are greed most of them ofcourse because if you don't have this character you will always feel the drama of others and will interfere to your plans on becoming richer.so i believe that quote from wallstreet

you've made my day with this quote,, one of the classics,, the human mind needs to be reminded of such quotes time and time again

Well I also agree. We don't know for now how the market will work. When we invest we are taking to much gamble and take the risk since we must invest on the coin we speculate to increase since we all need profit.

We are living on capitalism world and being greedy is one way to make success in any investment. When peoples scared and not confident with market condition, people tend doing panic selling and its good for greedy peoples because they will buying it will cheap price. From what i know, economic crisis is opportunity to collecting good investment with cheaper price

It is something to rely on their quotes and you can do that if you wish to.

Greed when others are scared. But now everyone in the market is greedy, how do we do it. Everyone in the greedy market hopes the market goes up in the future and they have no fear at all. That is why the market can not go up

If market was greedy then the price would have gone up and their wont be shortterm sellers, still market are having fear traders who are taking profit in short term as they dont hope that market will reach more high.

Then you do not know anything about the style of Warren Buffett when it comes to investing, he does not like to speculate, he is a fundamental investor, he is only going to invest in something that he understand and that he knows is going to give him profits, that does not mean that he has never made a bad trade but by far he is the most famous and the best fundamental investor in the world.

In theory it may seem like a good idea, but all automatic strategies are destined to be losers.
Better to analyze case by case, sometimes the majority is right! :)

Thats what have been helping me make money off crypto space.
I always do invest when others are fearful to invest and then sell when they are at peace and buying .
I sell to them at a reasonable profit.

Biarkan saja orang menganggap tamak.. karena inilah kesempatan untuk menambah model menjadi kaya kesempatan yg ada saat ini haruslah agan manfaat kan.. intinya membeli selagi murah menjual ketika mahal.

To get big profit, of course greed is needed, without having greed, our lives will be flat and unchanged, this is what makes us have to take the opportunity to buy when the market is red like now.

Thats absolutely right, therefore you have to be smart in reading chance and opportunities, when other people are busy afraid and
panic because of price decreases. be a different person by reading it as an opportunity to get assets in a cheap price

Two different kinds of emotion that actually really felt to all bitcoin user, first they had to be greedy because they have a large capital to invest whatever happen they don't experienced going to crack down because they are rich person 2nd there is a time that people has a capital but not enough to invest they felt that if they proceed their investment the question is? is there a good return if i proceed? what will going to happen if my investment is not worth it... thats the big circumstances that people really scared if their capital is enough for their daily needs.

This phrase of Buffet is essentially a joke, obviously with a fund of truth.
But if you want to earn, it is better to rely on a serious analysis and not on jokes ...

Well for me it is not a joke because all of us are earner and we really want to get profit so I think bitcoin is not something to be taken for granted, it mean to be greedy for more profit and I think being worry to get more profit is not being greedy, everyone has equal rights to buy coin and sell, now a day market is really low because some people sold early so buy now and use the opportunity.

If everyone followed the advice, there wouldn't be panic. Being contrarian just to be contrarian is not the key to success. If you're just doing the opposite of what everyone else is doing, you are not guaranteed to succeed. Buffet's advice is specific to a set of givens which fundamental value investors know, he doesn't just blindly buy things when everyone else is selling them. Also, you can become successful doing what everyone else is doing, and that's essentially what Bitcoin is built on entirely. Bitcoin doesn't go up in value unless everyone (or very large groups of people) agree it's worth more today than it was yesterday.

I love to read books and sayings Warren Buffett's, this can be said one of my benchmarks to which I aspire. This is a man who is really good, he just made it. At the age of 6 years he began to earn... And then bought the first shares at the age of 12.. how about that.... The standard for others to follow.

I’m so agree with you. The quote is quite good but you surely mustn’t follow this advice without any thinking. Be careful, collect other people’s knowledges, behave according to your experience and you will get profit.

Completely disagree, automatic strategies can be very successful the problem is that people get afraid and then they stray from the strategy even if they know that is the right thing to do, for example right now the strategy is incredibly simple buy bitcoin and other good coins and get profits in just a few years, but very few are doing it because they are afraid another crash is going to happen.

That's right and we should always stick to what we believe is right for us to get good profit. Accepting others suggestions is the best ways to absorb the knowledge they had, and don't just rely on it all alone but also explore and use it just for reference.

This may apply to a certain situation but not to all. Sometimes you need a give and take relationship for you to gain. Just like the idea of buy and sell.

Nothing beats good research and proper timing. Not doing what everyone else is doing isn't the issue, doing what you think is right is.

Yes do an investment first at small amount and dont care if the market goes its craziness until when it does because someday somehow you might not notice how this fearful am i will be succeed too in the long run,.dont bother the deflation of prices because we cant really predict til when it goes up again so for your concern is to monitor and alert for the perfect timing.

This does not make sense at all.In reality, this happens.Greedy people take advantage of the ignorance of others.That is where scamming comes in.Greedy people don't succeed.

That's one of the major rule in the crypto market.
Once followed, it will help in mitigating your investment looses while increasing profitability.

The crypto golden rule !
When others are panicingand dumping their digital assets at loss, that is the right time to bag those coins.
Then sell to them when the market recovers at a profit.

Some time people think about risk taker that they are greedy. May be it is true in some cases, but it is also a fact that those people who have taken risk made a lot of money. I do not think that it is right to consider them greedy.

Lol,  I don’t have any problem with being greedy when others are fearful, the main point is if you are doing that at the right time cause you might just end up being greedy at the wrong time and end up a big time loser.

And by the way,  greediness is a bad thing,  so let’s not use that word,  just say invest and be smart when others are being dumb,  that’s a better word than being greedy. So always try to do whatever you’re doing at the right time and don’t feel like you know everything, cause you might be making the worst mistake.

I think when you become greedy like that it will give you a very high risk, you better not be too greedy and just follow the movements that do not take too much profit.

Being greedy is good if we want to make profits. In any market, all investor looking opportunity from any situation and when peoples fear about market condition, they tend to selling their asset with cheap price, and its good time to be greedy and buying good asset with cheap price

Maybe the thought is about being "greedy" in a way that you are being greedy in your work especially with this industry and make efforts be worth it.

Eh, if these strategies worked we would all be millionaires ...
We forget that for other people we are the "others", and so - if they look at us as we look at them - what is created is only confusion.
Better to use smarter strategies.

It seems to me an excellent strategy, if you have reserve capital, you are not in a hurry to make money and in any case you can cover mistakes.
Otherwise, it's definitely too risky.

Being greedy is not always a good advice because there is too much harm than gain but still if played in a good tactic then it can also yield a lot of profit. I will say take some rest then others are feared but don't be too much pretty because that can put you in a pothole. If you invest heavily there is a chance that Bitcoin can fall even more and you cannot survive the damage but there is a lot of chances like 70 or 80% chances from me that Bitcoin is going to rise producer but still do not take the risk if you cannot afford to lose the coins

I think we should always stick to what we believe is right for us to get good profits. Many people feel panicked and sell their bitcoin at low prices and it is used by investors who bear to buy as much bitcoin as possible. I feel the greed they do it because to collect and save bitcoin when the price goes down. they don't want to spend that time removing their coins but to hoard them.

it will be different scenario if he pick up crypto. thing is most of the crypto trader are exclusive from stock market. 2 different game played by 2 different group of people. although many big whales already agree that crypto is a big pool for them to jump, sooner or later when all jump ship, he say different things.

When no body is investing i.e. others are fearful; which will be resulting in cheap prices.  Bitcoin / altcoins available at cheap prices.  For a long term investor it is the best time to buy.  Just hold and watch.  Keep patience.  
But the conditions is patience and funds should be surplus.  Wait for couple of months.  When positive trend will start there will be a crown then trying to climb the hill where you are already sitting with reserved seat.

I think being greedy is not good thing or character. Becoming rich is not caused of greedy, we should be work hard and do much effort to reach whatever we wish but not become a greedy man. The most important things to reach the dreams are aims and effort. In crypto, being greedy will cause a panic when  our wish not reached. Therefore, we must stay calm and enjoy with our jobs.

Greedy means pursuing something to get more than you already have, a very ambitious principle. In a greedy business it is identical to making as much profit as possible when others do not dare to do it. This mentality is very suitable for speculative businesses like bitcoin, because when other people sell, they dare to buy with careful calculation. Big profits are obtained when the calculation is correct. But it can be a big loss when the calculation is wrong.

When the opportunity is there, then grab it. If you were given a chance, then take it. Use the other's fear as your strength for you to adnvace in a competitive world. Business is a competition so take advantage of your compatitor's fear.

This market is not so easy to invest. When you invest in this market with such thoughts then this only makes you lose money. The current market is very bad and you need to make the right judgments before investing.

I do not want to be successful in the expense of others trouble. I want to make it better and do good things to others. In this time if others are in fear or in trouble maybe we can reach out to them.

Your thinking is very wise and I very much agree with that opinion because greed always has two sides, sometimes we can become rich but sometimes we will lose big, it is gambling and of course, gambling will depend on luck, and it does not suit everyone. People should choose a more appropriate path, work hard and then become rich, not greedy when others are scared, it could be a trap that will bury them forever, the best evidence is the market situation right now, huge casualties when we greedy

I would be curious to know, according to this advice, what should be done now, with the crypto market in free fall.
Buy and buy, or get rid of everything?

I think you are free to be greedy and fearful as you wish, the world is a machine that must continue without pause, the earth is stronger.
I think it's very normal, the world is freedom and competition that everyone needs to work hard to get what they want.

it is very meaningful that this head is now re-emerging. people are losing money and some say "you will earn more".

I see that is true. It can also happen with different circumstances. And not all who are greedy win. It must be practical in the application.

I think buying is the right choice because the market will not continue to fall, there is a time when the market will go up and it will benefit you.

It is a great strat where your going to buy all the cheap coins when you know that it will be pump in the future.
Just buy only the known coins so that it will have a great possibility that it will rise soon.
The quote tell us to be aware of the market .
Specially if you are a trader

buy as prices go down selling when prices peak, the chance to get rich

Actually i'm just remember some of my friends about that kind of words, He make that to being greedy on when the prices of the coins he have are rise and sell it before going down again and sometimes also he is afraid if going back again into dump situation.

Yeah, that's pretty much the whole point of my post. Being greedy to be a contrarian isn't actually sound advice, but people interpret the advice from Buffet superficially and don't actually grasp what he's saying. Inherent in his direction is the underlying concept that you have a sound and rationale decision for investing at the time other people are actively fleeing a particular investment; simply buying because everyone else is selling is a terrible idea without a fundamental analysis of the underlying value of the investment, which in crypto is nearly impossible because it's a unproductive asset with no inherent value and the value is arbitrarily determined by consensus. Being a contrarian under those circumstances is actually the worst thing you can be, because being outside of the consensus is going to lose money by definition.

I don't think it's important that you don't have to be a greedy person. You just need to take reasonable profits, but usually everyone wants to try to maximize the results they can get.

I strongly agree. There are many people who fail to understand the words of Warren Buffet. when someone has done what Buffet said, they lose a lot of their wealth.

Current market conditon very bad and many people afraid on this condition. Many of them panic and selling their bitcoin even they got loss on their investment. If we see an opportunity, its good time for buying bitcoin because the price lower more than 70% from ATH.
Bitcoin already proven as good long term investment and if we confident with our own investment, i am believe bitcoin will be profitable

I think human nature is not greedy but they just want to maximize the benefits they can get or they can call them to take advantage of the opportunities available to get a lot of results.

This mindset applies to people who have more capital, this is natural in any business because they can play with sentiment and make a profit, but there are some people who are skeptical and consider it wrong, especially in crypto because the fluctuations are too extreme. But again that the stock market is a business that can be applied to any strategy.

If it were that simple ...
the problem is that we are not always able to understand the feelings of the market, and unfortunately we project fears and hopes that prevent us from seeing the reality of things.

Yes.. If you have the funda then this market is the perfect time to buy and hold for future gains.. We all know market will rise sooner or later take the advantage to catch weak hands eggs

When the market is scared. It is a good buying signal.
Everything that goes down has to go up once.

And buying and holding in downtrend is the the hardest. Be strong.
Believe in your decision and in time it will pay off.

well yes i think, people must be wise in order to survive in these society full of selfishness. being greedy in the way that you take the opportunity to get advance before the other, just like in bitcoin, being wise to start and continue working to earn bitcoin. being greedy in a nice and good way.

to be greedy is indeed not good but almost all humans seem to do that because maybe they think to be able to get maximum benefits and can become rich from the benefits they get. it is very difficult to prohibit humans from being greedy.

the person's mind must be different. some are like that and some are not. sometimes greedy people only think about the results and results without thinking about what hard work they are like, even though it is very risky too.

Yes it is good to be greedy because the more you will buy the more money you will have for your coming days of life, it falls when people gets fearful and sell it, selling time is buying time for wise people because they knows price will fall and will be great time for us to buy, so be active when people will start selling try to buy it when price will be low.

The only best way for an investors to be successful in trading crypto currency is that, one really need to be greedy while others are fearful to invest in crypto currency market. Now is one of the best time for a rational investors to invest in ethereum because, so many people are fearful at the moment because of the decline in the market value of ethereum of which there is greater future ahead only if you believe in ethereum.

This statement is really useful when the market is not suffering a huge crisis that is happening at this moment. The market has been like this a few months if you follow its statements then I think you are crying witwith your losses right now.

Actually it's not important to be greedy maybe to be being greedy it can lost some of your coins. Ill experience on that since my coins that i have are in high enough but ill dell it quickly unfortunately its comes too higher the price so ill earn only not enough.

Sayings of Warren Buffet is really meaningful or inspirational if you will think of it. You will learn a lot by him specially in the name of investing or business. This quotation from him is an effective tactics in the market. But still you must know the risk.

Warren Buffet is a very successful investor but investing in the crypto market is not like investing in traditional markets. Many investors are afraid to invest in this market. Here the general rules of the investment world do not usually work.

I have great respect for Warren for his work in the field of investment. Is his catchphrase "I love half-smoked cigarette butts, which are able to take another puff" due to this rule he chose undervalued companies, on which he made a fortune. He also always said that you need to be an expert in this field to invest. If you consider yourself a specialist, then you are ready.

I remember this line that was once spoke by pro cryptocurrency billionaire Warren Buffett. It really makes sense to be greedy when others are fearful like this crisis season where prices are too low so it's time to be greedy and buy as much as you can and hold them. Time will come that these cryptos you have will turn into a gold mine.

It is always smart to be greedy especially in crypto when the market goes red and people begin to panic sell. This becomes the chance for smart investors to buy more valuable coins at very cheap price to enrich their wallets. Never panic sell because the market always recovers.

In my opinion, you are talking about two very different things. Being greedy in life and being greedy in business are not the same things. Being greedy in business is another name of earning money and as long as you are able to earn big money in business, it is not bad to be greedy because the sole purpose of business is to make money. The altruistic thing can be followed once you achieve and attain a certain level of finance.

You don't have knowledge at all in crypto. Yes easy to utter words especially if money is the purpose when we have to invest in crypto. Just like in bitcoin we dont know really where it will heading so sometimes being greedy is helpful to earn money.

Eh, if so simple strategies were enough to get rich ...
In reality, you can also try to go against the grain, and it can be a winning strategy, but the real problem is to understand what the current trend is, since when it is discovered it is usually too late.

but you must have a good decision when everyone starts leaving we also have to be careful in taking the opportunity, don't be greedy because that's not true, greedy people will only result in big losses

You need to be greedy in this market but you cannot let greed take over you because if you make that mistake then you are going to invest before the market has totally crashed and you are going to lose money, and there is nothing worst than to enter the market just to lose a lot of money, the best thing is to wait until the panic is just a and the price is stable, like what is happening right now.

Well, i don't like that advice, its like taking advantage of others weaknesses and besides greediness is sin. Advice something  positive and not  in negative way. But oe invest Bitcoin while others can"t, that is better.

Warren buffet is an advance thinker. He thinks outside the box and this is one should have to get ahead of the others. Let us not consider things like if it is a trending events, news or etc. we must have to follow or get along with it. We have to be Warren Buffet and think ahead for sure if one could do this there will be many of us here that will become successful.

Thats right buddy, is not always utilizing the moment when panic selling occurs is the right thing, sometimes you also have to go with the flow when prices can continue to fall? don't be too greedy because it will only make your calculations in vain, use research first before making choices

Well just be calm and do not get your emotions overflowed. This is nothing to do with the market price movement of the crypto in the market instead it is your good decision making skills and planning. Invest when market price is cheap like as of this moment where bitcoin market price is cheaper and sell when market price will go high and let go of your fear whatever happens crypto market will always recovers.

Especially when we are dealing with our investment in crypto currencies. But we have to be careful also for our greed, because to much greed can also  lead us to lose our money. So we have put a limitations to our greediness.

I don't think greedy in market conditions like this is good. Being greedy can backfire for you, if you are not careful. Stay in control of yourself and do strategies when you want to buy coins at this low price.

There are many people who give wrong advice to others i think  Warren Buffet is one from them. You should always believe in your self and your invest. Cryptocurrencies gives you a lot of opportunity to become rich.

Be patient and believe in your invest work with your mind. Don't be greedy it can lose your invest. Be patient and ignore peoples quotes and focus on your investment.

I think everything in the crypto market is a speculation, no body can really tell what will happen in the market, so being greedy can be a bad thing or a good thing, but in my own experience, if you wanna get rich, then go to the safe path, if you see income and you feel happy aboout it, then that is enough, do not listen to what other people are saying and go with what you think is the right path, then you will never regret.