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Author Topic: Be greedy when others are fearful...  (Read 1347 times)
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August 05, 2018, 02:01:23 PM
 #161

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.

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August 05, 2018, 02:52:32 PM
 #162

Maybe it needs detail explanation. This just like that people do if want to see the panic on market some people are ready to buy in low price. This using if you understand when the decrease end. But greed that too much make you lost the chance.

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August 05, 2018, 03:55:25 PM
 #163

I think this quote refers to manipulation of monetary in terms of taking the risk. There's a lot of cruelty and greediness in this world of crypto. We better watch out for those greedy managers or head, especially in staking or mining. Well, however, investing is great generally when it comes to mining.
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August 05, 2018, 04:40:04 PM
Last edit: November 06, 2018, 09:05:20 PM by digitalgame4life
 #164

Being greedy while others are fearfull is very very overrated, this applied a few times with cryptocurencies last year, however this year and the market as of now is very different and being greedy while others are fearfull totally dont match the sentiment now, nobody is putting in tons of money in something that gives them losses, how many times were you truly greedy when others were fearfull?
Exactly, so as long as the market is not heading into a good direction you will keep losing your money.

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Dread Pirate Roberts
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August 05, 2018, 09:06:02 PM
 #165

Bitcoin is money . and we should not playing or gambling our money for safety trading . choose the act of buying and selling not based entirely on gambling. more closely following the market market trend is far more safe and profitable than gambling and only hopes for the price. indeed crypto complicated. need good experience and analysis.
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August 07, 2018, 05:00:28 PM
 #166

Being greedy while others are fearfull is very very overrated, this applied a few times with cryptocurencies last year, however this year and the market as of now is very different and being greedy while others are fearfull totally dont match the sentiment now, nobody is putting in tons of money in something that gives them losses, how many times were you truly greedy when others wetr fearfull?
Exactly, so as long as the market is not heading into a good direction you will keep losing your money.
I agree with the Warren Buffet quote posted by OP but I totally disagree with what you said about crypto currency investment because no long time investors have ever lost his/her money when invested into Bitcoin when others are fearful. However, I don't know why youvguys believes that every lost in cryptocurrency market cannot be amend.
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August 07, 2018, 09:35:45 PM
 #167

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.
People only see the end results and that is what they want to emulate not realizing there were many steps the person need it to take in order to reach that level of wealth, most people that have lots of bitcoin in the forum have been here for years and have worked hard for them or took huge risks when it was not a sure thing that bitcoin will survive, so people need to learn to separate their fantasies from what they can actually achieve in a determined amount of time.

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August 07, 2018, 10:35:36 PM
 #168

Buffet  quote is quite reasonable, being greedy when others are fearful is a wise strategic decision that require an individual with adequate knowledge, It is always wise not to follow the crowd. Now is the best time to keep investing, not minding the panic in the atmosphere.

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August 07, 2018, 10:51:12 PM
 #169

He is great to be the most respected person in the world, I just say that it is true then to be yourself, this world is so difficult it takes courage to be a very feared person and do not care about other people's conversation It is important that the business is as beautiful as now .
Investments everywhere are very reasonable because at the age of 11 Warrent Buffett has bought his first share with a very young business, his hard work is very good, as his knowledge and maturity grow heavily by buying farms and other stocks.
In this world we need to take advantage of all things, as early as now we need to invest for the future, many people hesitating in terms of investing because of fear, we need to think that everything have a consequences, on my opinion when you are expert or have a knowledge about investing money dont hesitate to invest, You need to bet, dont lose the opportunity trust yourself to be a succesful in the end.

 Crypto investment involved Risk factors in the market, you may loss your investment and gain more profits from short term or long term investment. one should note all consideration upon investment, like the fundamentals, market structures, the trend, market movement, market stability by specific coin as posted in the market. some other investors traders just follow the simple principle "buy low and sell low". Patient is the Key and Timing is the most important factors to consider in investment. Now is the good time to invest when the price is Low.

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August 08, 2018, 12:14:22 AM
 #170

Quote
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 am agree with this quote. Mostly when peoples greedy, they dont use rational calculation and just want to buy and its happen when peoples fear. When peoples fearful, they just want to dump and trying saving a penny. I think the most important thing on any market is always be rational and not panic in any circumstance

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August 08, 2018, 12:43:12 AM
 #171

Being greedy while others are fearfull is very very overrated, this applied a few times with cryptocurencies last year, however this year and the market as of now is very different and being greedy while others are fearfull totally dont match the sentiment now, nobody is putting in tons of money in something that gives them losses, how many times were you truly greedy when others wetr fearfull?
Exactly, so as long as the market is not heading into a good direction you will keep losing your money.

But the fact remains that you'll lose when the moment you sell. So even market isn't ready yet to go to our favorable side and as long as you hold you didn't still lose and the thing is you still believe in your coins.

Agree with OP's quote yet I don't agree in being greedy as it better suits in those whales and not us. Better be just taking the advantage while everyone is fearful, like buy all their coins and just hold.
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August 11, 2018, 05:28:42 PM
Merited by gentlemand (1)
 #172

Buffet  quote is quite reasonable, being greedy when others are fearful is a wise strategic decision that require an individual with adequate knowledge, It is always wise not to follow the crowd. Now is the best time to keep investing, not minding the panic in the atmosphere.
Following the crowd will get you nowhere, it is possible that not following the crowd will led you nowhere as well but at least you are trying something different, all of those that bought at the end of December and then sold losing money were just followers, whales and speculators took their money as if they were taking a candy from a baby and now they lost an incredible amount of capital in just a few months and now they are afraid to enter the market again when it is precisely at this moment when they should buy.

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August 11, 2018, 05:58:24 PM
 #173

I think you are free to be greedy and fearful as you wish, the world is a machine that must keep going without pause, the earth is stronger. Because it's so normal, the world is freedom and competition that everyone needs to work hard to get what they want
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August 13, 2018, 08:49:46 AM
 #174

I think you are free to be greedy and fearful as you wish, the world is a machine that must keep going without pause, the earth is stronger. Because it's so normal, the world is freedom and competition that everyone needs to work hard to get what they want

The quote is apt in the market's current scenario not for the world in general. If we start talking about moral science then this could go on forever but that not what is meant in this line. What it means is that while the despair is going on in the market the wise people would extract more coins at the low price for future holding and selling in the bull market.

A low price of a coin does not mean a bad condition always - people are selling - let them sell. We can capitalize of their "fear" to buy more for our "gains".

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August 13, 2018, 10:02:55 AM
 #175

It seems very true when other people are afraid of something that we can become greedy and dare to take risks. take the risk and wait till you gain what you deserve because of it, I think you really should take advantage of it because sooner or later crypto would recover.
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August 13, 2018, 10:16:36 AM
 #176

It seems very true when other people are afraid of something that we can become greedy and dare to take risks. take the risk and wait till you gain what you deserve because of it, I think you really should take advantage of it because sooner or later crypto would recover.
But to buy at falling time needs lots of other calculations compared to being greedy while rising markets. I guess it may not possible without some knowledge on predicting the turning points of the markets. I guess it may become a practice but need some more time to understand the essential of this strategy.

As much as we can see buying to happen in a day or more time frames, we can also see accumulation in fewer time frames. However, with the volatility of the market, sometimes, it is always best to stay relaxed than expecting something to be a buying price level and then seeing a fake beak out. Most times, the volume on break out is always the easiest way to detect anyway.

I was a big fan of Warren Buffet some times back but unfortunately I had failed to predict about the futures of cryptos and especially bitcoins which may be the reason I am always hesitating to follow his golden words in real life and more particularly in my trading.


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August 13, 2018, 10:32:50 AM
 #177

Buffet  quote is quite reasonable, being greedy when others are fearful is a wise strategic decision that require an individual with adequate knowledge, It is always wise not to follow the crowd. Now is the best time to keep investing, not minding the panic in the atmosphere.

Many big players follow this principle in their business which ever it may be and if people start following this in their life as well then definitely we would not have this much fall in prices of the crypto so quickly as things dips more due to the panic selling as well and not buying during the dip time.

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August 13, 2018, 04:34:55 PM
 #178

I'm trying to be careful with my greed, because very often is leads me into a bad place when I just lose my money that I have earned with a hard work, lol. So I would better be careful than greedy.
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August 13, 2018, 11:28:25 PM
 #179

In the encrypted market if you greed you will die, so set a clear clear goal so it will be better for you.
I think being greedy is unethical irrational but I think it is economical. It is economical that you are taking the chance to buy from those who think that they are in a lost. But it is unethical and irrational when you are trying stole the property of others that they work form

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August 13, 2018, 11:34:03 PM
 #180

I got your point but I beg to disagree. In crypto investment too, a key factor towards making the desirable times 10 profit requires some amount of greed and may I quickly add that, not investors speculate, some of us dig down to study a project and after conviction, we can go a long way trusting our research and intuition which is similar to what Buffet does.

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