Batman_Bitman
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July 31, 2018, 06:28:15 AM |
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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
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. 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.
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RockBar0
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July 31, 2018, 09:35:21 PM |
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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.
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.
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Kidmat
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July 31, 2018, 10:13:46 PM |
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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.
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.
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destiny100%
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July 31, 2018, 10:14:13 PM |
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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.
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jaysabi (OP)
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July 31, 2018, 10:23:07 PM |
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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. 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.
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Michelle_Wood
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July 31, 2018, 10:29:49 PM |
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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.
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jho0810
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July 31, 2018, 10:48:53 PM |
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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.
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srcnckr
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July 31, 2018, 10:49:57 PM |
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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.
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. 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.
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Sheentaide
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August 01, 2018, 09:21:52 AM |
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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.
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Charles_Summers
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August 01, 2018, 09:53:31 AM |
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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.
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miltonpogi
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August 01, 2018, 10:13:12 AM |
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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.
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Muspion
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August 02, 2018, 07:18:12 AM |
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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
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Rufsilf
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August 02, 2018, 07:36:59 AM |
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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.
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.
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Capt00
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August 02, 2018, 07:46:06 AM |
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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.
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.
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scoin9
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August 02, 2018, 08:16:27 AM |
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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.
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Betwrong
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August 02, 2018, 08:24:03 AM |
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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. 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. 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.aspxhttps://www.cnbc.com/2017/12/15/warren-buffetts-failures-15-investing-mistakes-he-regrets.htmlNevertheless, 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.
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sserge009
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August 02, 2018, 08:33:21 AM |
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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
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darthmaul
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August 02, 2018, 09:11:40 AM |
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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. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) 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.
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BartS
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August 02, 2018, 08:24:14 PM |
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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
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.
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lixer
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August 03, 2018, 06:51:51 AM |
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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.
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.
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