Be greedy when others are fearful...

[billbear]

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.

[1714933538]

1714933538

[1714933538]

1714933538

[1714933538]

1714933538

[1714933538]

1714933538

[bitbunnny]

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.

[AleSergio]

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

[Harrisonimo]

I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy.
-Warren Buffet

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.

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.

[pantheraio]

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.

[shone08]

I guess many of us might misunderstand this quote,  though,  in some way,  this quote can be true to some extend. But yet,  you won't want to follow all advice being given by those whom have made it in cryptocurrency. Most times,  they mislead other investors just for their own gain.  Speaking on being greedy when buying can also be risky in it own. Buy when there is dump,  but know when to stop.

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.

[arinalwa]

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

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.

[Marlo0619]

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.

[satana_igor666]

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.

[BitRentXx]

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.

[zxcv cool]

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.

[daarul50]

I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy.
-Warren Buffet

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.

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.

[brotherwood12]

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

[jaysabi]

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....

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.

[p3ppymon]

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!

[Ezenwanyi]

"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.

[zoom_rich]

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.

[jaysabi]

I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy.
-Warren Buffet

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.

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.

[jaysabi]

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.

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!

[Nnedaddy1]

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.