Be greedy when others are fearful...

[Big Bollos]

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.

[dev9t9ok]

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.

[dlhezter]

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.

[Sled]

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.

[Ayaah]

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 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. 

[Masongrae]

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.

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.

[Sanchezino40]

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

[player514]

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.

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.

[qiwoman2]

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.

[Don Pedro Dinero]

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.

[darklus123]

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.

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.

[coly20032003]

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.

[laracastvue]

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.

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.

[vlom31]

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

[Macai]

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.

[chrisculanag]

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.

[dnovsckym]

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

[Ridwan Fauzi]

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

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

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.

[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

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.

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.

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.

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.

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.

[rhomzkie26]

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.