Be greedy when others are fearful...

[turagsoy123456]

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.

Sometimes we need to be greed, so that we can achieve our goals in lifes.  Especially when we are dealing with our investment in crypto currencies. But we have to be careful also for our greed, because to much greed can also  lead us to lose our money. So we have put a limitations to our greediness.

[cesuralp32]

a friend is investing dollars and euro. but he is making so many funny moves that he really earns very little. another friend earn much more thanks to his courage even though he does not know the market well.

[fluctuations]

a friend is investing dollars and euro. but he is making so many funny moves that he really earns very little. another friend earn much more thanks to his courage even though he does not know the market well.

Investing but do not know the market but still get profits then it is a factor of luck. To invest in this way, the rate of failure is just time.

[Legwist]

Fearful and greedy is a disease of trader and investor that will only lead to loss. So according to me better do your research beforehand and do not involve emotion in investing or trading.

[spongegar]

Well, I'd have to agree. Basically don't be a bandwagon person. I myself have to know this lesson the hard way. Never invest on something that you have never studied on. Take into consideration what analysts or speculations say but always take it with a grain of salt. Never accepy it on face value but fact check.

[Hiltohen]

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.

It indirectly depicts the presence of incentives and opportunities to invest in the crypto market because of the low prices and some people might not participate in the investment because they might fear they would loose their money. This is a smart thought and one should be smart in the market to make big money. The down prices give you the advantage of claiming a big margin of profit when the market recovers. So if the scenario is that, and if it can rise your value, be greedy.

[Ailmand]

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.

Well, I wouldn't say greedy, but I think that the more appropriate word is tactical. When the market is not doing good, and everybody is fearful, a true investor should try to look at the good side and be tactical about his movements, especially in the cryptocurrency market. Since the prices of many assets and coins are going down, it's the best time to buy and invest, since you can get a good amount of coins while not using up too much money. Having said, that could be a really good move in order to maximize one's investment, but you need to really be brave because it's just too hard to look at the good side while everything is in ruins.

[pinkliar]

Fearful and greedy is a disease of trader and investor that will only lead to loss. So according to me better do your research beforehand and do not involve emotion in investing or trading.

I agree, because when you involve emotion in investment or trading there is a possibility for you to lost your money, that is the reason why we don't need to be panic. I think being greedy is not good.

[BabyBoss]

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.

It’s not that easy to take advice and when you take it in action there is big tendency that you will fail more. But learn how to become patience and wait on the right time, well holding is much more the best.

[brukva]

To some extent this is the right advice, if you do not try to buy more, you can lose everything.

[conected]

Fearful and greedy is a disease of trader and investor that will only lead to loss. So according to me better do your research beforehand and do not involve emotion in investing or trading.

I agree, because when you involve emotion in investment or trading there is a possibility for you to lost your money, that is the reason why we don't need to be panic. I think being greedy is not good.

- More precisely, what we need is to eliminate panic or restrict it to the lowest level in all situations, do not act based on fear, it's just an act of evading reality and to accept defeat, need to use knowledge and capacity to solve problems. Turning back to issues related to fear and greed, this topic also says some things are true, it is the escape route that always lies in the moment of birth and death, sometimes greed and recklessness will bring good results but these are just theoretical, it is not realistic and should not be applied to investment or trading

[AllCryptoplus]

Hmmm, so much to ponder about here. But is every Bitcoin investor actually a speculator?

[Pattart]

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

I think users will not see it irrational or not when opportunities come and others think differently is not a problem, each user has their own perception and it is built from their knowledge and skills, when people think that cutlose is the right thing and I think buy be better, is that wrong?

[Oliver2]

It's the right investment idea to be greedy when others are afraid, but when others are greedy, you should be afraid.

[inspirone1]

I can be really, but usually I can not control that affect because while I am training or buying cryptocurrency I am trying to do my best and my maximum and very often it leads me to drastic losses.

[musharaf]

In my opinion when all the other fell fear and you are not like them then it is the key to success for you and soon they will see you on the top while if you want to be rich in the world then you should be greedy when the other are fearful and do your best to go ahead in the business ans investment and make your mind for the long term investment.

[MIZANUR5033]

There are lots of quotes out there and many quotes are still pending you the reason what the reason behind that just because that people are not as famous as mr buffet. So if he says something that is for sure he must see something in this topic for that reason he is giving that quote I m really admire him a good and perfect entrapper. He is the 2nd richest person in this whole globe. So I don’t think there is any more reason to deny his quote. There must be some different opinion will be there in this place and about this topic but I think he is right.

[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.

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.

Funny about how I post bitcoin-related thoughts on a bitcoin-themed forum, right? Or did you think the only purpose of this forum was to be an unquestioning echo chamber of hype? It is without a doubt that Bitcoin's value does not come from rarity and comes exclusively from speculation. When people buy Bitcoin, it's not because it's rare, because essentially it is not. You have no trouble at all buying as much Bitcoin as you want, there's no shortage of sellers. You're confusing a finite supply with actual rarity. People buying Bitcoin are speculating that because of the finite supply, some day it will be worth more than it is today. That's 100% speculation, based on the thesis that overall demand might one day render it rare and therefore more valuable. You can't call that anything other than speculation.

Expecting that because you bought a bitcoin, someday you will be a millionaire is just silly.

[wallstone]

I think it is very normal, the world is freedom and competitive that everyone need to work hard to get what they want, you are free to get greedy and fearful as you want,  the world is a machine that need to be running continuously without a pause, then the earth is stronger.

I agree of that. Every one need to workhard to get income to use in there daily life. Yes you are free whatever you want even greedy and fearful cause life goes on and the worlds are continues running you need to survive and to become successful in the future.

[yonjitsu]

One of famous quote of one of the riches man on earth (Warren Buffet) and thus found out being greedy while others are fearful can give you a very good profit when the right time of selling it will come.