Be greedy when others are fearful...

[Nnedaddy1]

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.

[patarfweefwee]

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.

[TheUltraElite]

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.

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

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.

[PlusOne88]

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.

[112tigra112]

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.

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.

[voztata]

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 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.

[Betwrong]

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.

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

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.

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.

[FlightyPouch]

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.

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.

[papashark]

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.

[jovs]

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.

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.

[Dudeperfect]

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.

[Binmado]

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

[carlisle1]

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

[websoftwareengineer]

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.

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.

[tylerderden]

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.

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.

[Marcsymon]

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.

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.

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.

[sergiom]

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.

[Naughty Princess]

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.

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.

[ethereumhunter]

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.

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.

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.

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.

[TheUltraElite]

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

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.