Be greedy when others are fearful...

[BartS]

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.

That is not the way it works, if everyone decided to follow the advice of Warren Buffett then the advice will become ineffective and doing the opposite will become effective, remember you cannot become successful doing what everyone else is doing, you need to follow your own path, that does not mean that you need to reinvent the wheel, but you need to do something different otherwise your results will be the same as the results that everyone else gets.

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[atariguy]

I think he means a long-term investment. if we consider in this context, then of course bitcoin has to do with this saying. since buying bitcoin, when others are afraid more than once helped other investors to get rich, and Vice versa, to sell bitcoin, when others greedily buy it, a great strategy that saved people in December 2017

[Rony24h7]

Ok, I really wanna say lots of thing about this topic but I don’t know were to start in. So let's start what Mr buffet quote is. I know he is very intelligent man and the second richest man in this whole world and its also very truth that he leads a very simple life though he has tons and tons of money he is also a very good vision in business sector and he taught us that be greedy when others are fearful if he says this there must be a reason on that we are really don’t know this market as Mr buffet see this marketplace as well. So I don’t think there are 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.

[Bonsaiav]

What's Mr. Warren Buffet said that's true and that's very basic I think that's a pretty good strategy for us to use.

Speculation's a market psychology forecasting activity which's accompanied by a purchase in the form of assets that have a fluctuations value. Speculation motives are the same as investing or gambling, which is to seek profits. Well, speculation is an investment or gambling activity characterized by having a high degree of risk but will give you high returns.

[ShineftChaos]

What's Mr. Warren Buffet said that's true and that's very basic I think that's a pretty good strategy for us to use.

Speculation's a market psychology forecasting activity which's accompanied by a purchase in the form of assets that have a fluctuations value. Speculation motives are the same as investing or gambling, which is to seek profits. Well, speculation is an investment or gambling activity characterized by having a high degree of risk but will give you high returns.

Investing into cryptocurrency is very risky and it was  normal for the market price to fluctuate since bitcoins and altcoins is volatile but cryptocurrency is still a good investment and all you need is patience in order to earn profit.

[Brunus]

Let's say that doing the opposite of what the market does is a strategy that works only if it is implemented at the right time.
That is, if you can get out of a positive trend before it changes direction.
Otherwise, it's just stupid.

[South Park]

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.

Your friend is just lucky, it is true that you need guts in order to be an investor but that is not enough you need to have knowledge because once the luck runs out and your friend begins to lose money it is likely he is going to take even greater risks trying to keep his previous earnings and when he does that he will lose even more money as a result of his decisions.

[jack wira]

Keberanian itu perlu di lakukan ketika suasana agak goyang..membeli koin selagi orang khawatir dengan situasi limbung ..orang menganggap itu proses gagal tp jika harga naik anda berhasil

[Portia12]

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.

Your friend is just lucky, it is true that you need guts in order to be an investor but that is not enough you need to have knowledge because once the luck runs out and your friend begins to lose money it is likely he is going to take even greater risks trying to keep his previous earnings and when he does that he will lose even more money as a result of his decisions.

In my own opinion, it was not about luck, if the trader or the person is really good at marketing or they knew how to trade properly then it was very easy to earn profit and take advantage of the current situation.

[nguyenthanhvien]

I admire Mr. Warren Buffett. A talented investor of the world. His words are good but not always right. Greed can cost you everything when you do not see the right market.

[cryptoalfs76]

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.

I thinks this words is a reverse sychology,thats we must doing greedy when other are fearful while we must fearful when others are greedy,otherwise this words of wisdom give us a guidance in order to achieve our goal to become successfull of our investment in crypto investment therefore believing and trusting bitcoin is the only way to bring lambo in our life,and not believing those given advice  done by Mr.Warren buffet,even they are successfull entrepreneurs,because they only thinking there own necessity and goodness of there bussiness because they threaten now thats there bussiness would collapse because of crypto legacy.

[biskitop]

that's a great way to grab everything when everyone is scared. and that's how whales holds all their assets in crypto.

[Golftech]

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.

You need to survive and and use every skills that you have in order to gain much better, people who can handle the risk and capable of working out with others fear are going to benefits and make more success, as they can mixed up. There strategy and continue to profits.

[efxtrader]

Its very famous word in investment world. When peoples fear on their investment, peoples tend panic and selling their investment not matter he lost on his investment. Crypto market right filled by panic peoples and i think its our opportunity buying good coin with cheaper price 

[Humananitty10]

He does not believe in the good or the bad and there is nothing he can do or will do.

[ChrisPop]

History proved us that the best moment to buy is when the sheeps are fearful and get slaughtered on the streets. ) If you are a good wolf you will drain their blood and use it to get massive amounts of abundance, if you understand my metaphore.

[Renai0925]

In my understanding, it seems that he means to buy when the market is low because of many fearful sells and sell when they are greedy meaning their demands are high so hence the high prices. It applies to cryptocurrency as it follows the basic rule of economics also.

[MiXxe]

In my understanding, it seems that he means to buy when the market is low because of many fearful sells and sell when they are greedy meaning their demands are high so hence the high prices. It applies to cryptocurrency as it follows the basic rule of economics also.

Typically, when others are fearful because of often dumps unlike when we go to 5,800 everyone is fearful in buying that is a big break for the big investors and whales to buy and when the market pumps like the recent high everyone is greedy to pump it more where the big investors sell on that point.

[randyboy]

All of these are just concepts of Warren Buffet if you really do what he has to offer its up to you because most of users now are greedy to take advantage in the market and all those newly investors attack because of fairness that's why many greedy people become more rich and some of them think more wisely.

[ImSyam09]

greedy is not a good trait, even though it is greedy when someone else is afraid. I think it's more appropriate if we replace the word "greedy" to "spirit".
'we have to keep on encouraging when other people are afraid', I think these words are more constructive and better.
when other people are afraid of the current market situation, we must be more enthusiastic, even have to be able to buy coins that have the potential to have a good future, so that we will benefit if one day the market prices recover.