Be greedy when others are fearful...

[Musiclover]

There's a situations that you really need to be greedy. There's a perfect time and a good time to be like that. But here in the world of crypto, always be careful on what you're doing and what you want to do.

[Diablesfunis]

I kind of understand this concept if you are talking about stocks market because it is still a real companies but in crypto it's like you are trying to catch a falling knife, sometimes I am trying to catch the rebound to get a quick profit but it's still quite scary to do that in crypto as the price can go really low because of the thin buy order, maybe it's just me that's still unexperienced buying when the market is red.

[2@abcdeeply]

Yes, I am always expecting and greedy waiting for the market to grow again

[fianaindriati]

Yes, I am always expecting and greedy waiting for the market to grow again

greedy is actually good in the crypto world, because in the crypto world it is different from the real world, especially at this time in the crypto world there are ongoing problems, and it is difficult to understand by various people

[aso118]

Yes, I am always expecting and greedy waiting for the market to grow again

greedy is actually good in the crypto world, because in the crypto world it is different from the real world, especially at this time in the crypto world there are ongoing problems, and it is difficult to understand by various people

Greed is good in the regular world too. Greed is the force behind capitalism, the "invisible hand" of the market. As we have seen, capitalism is the most successful type of economy of the world today.
In the crypto world, greed is good too. The only problem comes when "less-intelligent" investors get carried away and invest a lot in Bitcoin.

[Peashooter]

Be greedy up to a certain point. Never invest more than you can afford to lose. Learn everything you can about crypto, study it, invest where you feel confident.

Yes don't invest all your money, invest only you can afford to lose. Investing in cryptocurrency you need knowledge and study and learn all facts about in cryptocurrency it helps you a lot in your investment to be confident and positive. I think greedy is good cause it is only in investing online not in real life.

[Red Fire]

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.

Greediness my put you into trouble. You must always think still in every move that you're doing because it my affect how you live in your everyday life. You might lose everything to you in one single move.

[iv4n]

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.

Warren also says that if you investing be ready to wait at least 10 years, if you aren't ready for that waiting don't invest for 5 minutes.
What we speak on this forum is the same what Warren is saying for wall street, buy when prices are red and sell when prices are green. Wall street with this grandparents can suck now, they needed decades to learn something, to do something, today we are much more connected, people share knowledge more then before, that's why crypto has a future, we are learning and sharing much more than older generations.
In the end even Warren has some gems in his life he is one old man, I don't know why he doesn't go to pension and live his last days in peace? What drives people to earn more and more, is there enough in their vocabulary?

[DrYe5]

There's a situations that you really need to be greedy. There's a perfect time and a good time to be like that. But here in the world of crypto, always be careful on what you're doing and what you want to do.

The most important thing is to be patient always, even if times like that comes we need to think even more than normally about moves which we wanted do on market cause not every coin could just pump so high when market will recover.

[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.

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.

Read the post I answered to, it is about luck, the user I responded to says that the friend that is earning money in the market does not know the market very well, which means that whatever profits he is getting is because of luck and nothing more, anyone can win a few times in this market the real question is if you can make those kind of profits consistently and most can't.

[spartanrules]

Of course Buffet said right words, but there is another situation in cryptocurrencies market. I think you should be always very careful opening any trading position. Because you can get in a situation when you buy in dip and then will get second new dip.

[Semosuchi Tesongrato]

We forget to say that Buffet has such a capital behind it that it can afford to do any experiment, lose tens of millions of dollars, and leave with indifference.
Who puts everything at stake, it's better to use smarter techniques.

[liseff3]

A statement said by Warren Edward Buffett, I think that is true. Being greedy when others are afraid, can be categorized as one of the strategies that we need to do, even compulsory for us to do. Feeling afraid when others are greedy, this's a moment that we must anticipate in the future because the big players often play this type of strategy with their wealth.

[jhonvir666]

I really defenitely agree with you. You can not keep a coin if you're not sure about the price has risen. you should have long-term knowledge in this field because when you engage in such a job you should have a mindset and compassion and before all you must study a market state and the prospects of its coins. Without it, it is better not to take other opportunities.

[geopolisch]

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.

Greed never leaves you out at any stage of life. When you don’t have money, you are greedy. You are getting something slowly and gradually and you are greedy. You are quite rich now and you are still greedy. Trading or investing isn’t hub of greedy. Unlike gambling where everyone is greedy and everyone is looking for more money. Don’t lose your motivation and get your results.

[cuongdola211091]

In this market, I think not to be greedy but brave, awake when others are scared. Make a decision based on your knowledge and market information.

[MAJICOIN]

It is some time noticed that when the market fall all of those who are not a good business man they have no interest in the crypto so if the market is down the greedy who are wise they fear freely invest in these currencies and then they are very profitable.

[ethereumhunter]

We forget to say that Buffet has such a capital behind it that it can afford to do any experiment, lose tens of millions of dollars, and leave with indifference.
Who puts everything at stake, it's better to use smarter techniques.

that is right, Buffet can make anything with his capital especially when people are too afraid to invest in one program and Buffet will try to spend his money to see his chance to make a profit. but for us which doesn't have much capital, I think we need to think more about investing and we need, to spend some amount of money and not use big money. we don't spend big money when other people are afraid because we don't want to make a big risk for our cash.

[wuvdoll]

We forget to say that Buffet has such a capital behind it that it can afford to do any experiment, lose tens of millions of dollars, and leave with indifference.
Who puts everything at stake, it's better to use smarter techniques.

that is right, Buffet can make anything with his capital especially when people are too afraid to invest in one program and Buffet will try to spend his money to see his chance to make a profit. but for us which doesn't have much capital, I think we need to think more about investing and we need, to spend some amount of money and not use big money. we don't spend big money when other people are afraid because we don't want to make a big risk for our cash.

It really depends and moreover, the period of accumulation some times to me is when everyone is just simply not sure where the market is going and at that stage, it is always so easy for the whales to keep loading up and until they do that, before we get to see the market move up. Accumulation to me sometimes is detectable when we keep seeing some bullish divergence, and that makes it so easy to know that the boss has loaded up for another possible trend change.

For now though I am not sure accumulation is over as there is still more room to go down. Temporarily, we may be seeing some though, based on how the market has been acting, and that is also based on the time period on the chart we are dealing with as well. For the mean time though, there is a possibility of a short term accumulation which could result to a change in trend soon, but with the volume, I am not so convinced yet.

[lkjhg]

totally agree. the words are very helpful for new traders. and if you look at the market conditions many people are afraid of falling bitcoin continues to manage. that means now is the time to buy bitcoin