Be greedy when others are fearful...

[chaoscoinz]

   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.

[kr105]

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.

[meerkatoken]

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.

[jak3]

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.

[richardsNY]

The crypto market is only for people with cold heads and greed

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....

[mdgabrielzim]

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.

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.

[7Dyoknga5]

"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?

[LeavingEden]

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.

[narielle]

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.

[royaljack200]

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.

[Valzzz005]

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.

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.

[ethereumhunter]

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.

[bajingluncat]

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

[jaysabi]

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.

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.

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.

[Coinlover9]

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 .

[BitHodler]

But information that IS insider information is without question illegal to trade on.

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.

[hubballi]

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

[chainedblocks]

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

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.

[squog]

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.

[112tigra112]

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.