Be greedy when others are fearful...

[Siren]

I guess in a way this is applicable but you must learn to be greedy first since this is a bad attitude to have

Rich people are greed most of them ofcourse because if you don't have this character you will always feel the drama of others and will interfere to your plans on becoming richer.so i believe that quote from wallstreet

[chomli]

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.

you've made my day with this quote,, one of the classics,, the human mind needs to be reminded of such quotes time and time again

[Btcepenbob]

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.

Well I also agree. We don't know for now how the market will work. When we invest we are taking to much gamble and take the risk since we must invest on the coin we speculate to increase since we all need profit.

[efxtrader]

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.

We are living on capitalism world and being greedy is one way to make success in any investment. When peoples scared and not confident with market condition, people tend doing panic selling and its good for greedy peoples because they will buying it will cheap price. From what i know, economic crisis is opportunity to collecting good investment with cheaper price

[Hulkkkhogg]

It is something to rely on their quotes and you can do that if you wish to.

[abstractednerve]

Greed when others are scared. But now everyone in the market is greedy, how do we do it. Everyone in the greedy market hopes the market goes up in the future and they have no fear at all. That is why the market can not go up

[hubballi]

Greed when others are scared. But now everyone in the market is greedy, how do we do it. Everyone in the greedy market hopes the market goes up in the future and they have no fear at all. That is why the market can not go up

If market was greedy then the price would have gone up and their wont be shortterm sellers, still market are having fear traders who are taking profit in short term as they dont hope that market will reach more high.

[South Park]

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.

Then you do not know anything about the style of Warren Buffett when it comes to investing, he does not like to speculate, he is a fundamental investor, he is only going to invest in something that he understand and that he knows is going to give him profits, that does not mean that he has never made a bad trade but by far he is the most famous and the best fundamental investor in the world.

[Leocrypto da Vinci]

In theory it may seem like a good idea, but all automatic strategies are destined to be losers.
Better to analyze case by case, sometimes the majority is right!

[Nnedaddy1]

Thats what have been helping me make money off crypto space.
I always do invest when others are fearful to invest and then sell when they are at peace and buying .
I sell to them at a reasonable profit.

[jack wira]

Biarkan saja orang menganggap tamak.. karena inilah kesempatan untuk menambah model menjadi kaya kesempatan yg ada saat ini haruslah agan manfaat kan.. intinya membeli selagi murah menjual ketika mahal.

[Gudhal Untu]

To get big profit, of course greed is needed, without having greed, our lives will be flat and unchanged, this is what makes us have to take the opportunity to buy when the market is red like now.

[deppil]

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.

We are living on capitalism world and being greedy is one way to make success in any investment. When peoples scared and not confident with market condition, people tend doing panic selling and its good for greedy peoples because they will buying it will cheap price. From what i know, economic crisis is opportunity to collecting good investment with cheaper price

Thats absolutely right, therefore you have to be smart in reading chance and opportunities, when other people are busy afraid and
panic because of price decreases. be a different person by reading it as an opportunity to get assets in a cheap price

[boksoon]

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.

Two different kinds of emotion that actually really felt to all bitcoin user, first they had to be greedy because they have a large capital to invest whatever happen they don't experienced going to crack down because they are rich person 2nd there is a time that people has a capital but not enough to invest they felt that if they proceed their investment the question is? is there a good return if i proceed? what will going to happen if my investment is not worth it... thats the big circumstances that people really scared if their capital is enough for their daily needs.

[Andrej Peiboski]

This phrase of Buffet is essentially a joke, obviously with a fund of truth.
But if you want to earn, it is better to rely on a serious analysis and not on jokes ...

[doomloop]

This phrase of Buffet is essentially a joke, obviously with a fund of truth.
But if you want to earn, it is better to rely on a serious analysis and not on jokes ...

Well for me it is not a joke because all of us are earner and we really want to get profit so I think bitcoin is not something to be taken for granted, it mean to be greedy for more profit and I think being worry to get more profit is not being greedy, everyone has equal rights to buy coin and sell, now a day market is really low because some people sold early so buy now and use the opportunity.

[jaysabi]

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.

If everyone followed the advice, there wouldn't be panic. Being contrarian just to be contrarian is not the key to success. If you're just doing the opposite of what everyone else is doing, you are not guaranteed to succeed. Buffet's advice is specific to a set of givens which fundamental value investors know, he doesn't just blindly buy things when everyone else is selling them. Also, you can become successful doing what everyone else is doing, and that's essentially what Bitcoin is built on entirely. Bitcoin doesn't go up in value unless everyone (or very large groups of people) agree it's worth more today than it was yesterday.

[lubah]

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 love to read books and sayings Warren Buffett's, this can be said one of my benchmarks to which I aspire. This is a man who is really good, he just made it. At the age of 6 years he began to earn... And then bought the first shares at the age of 12.. how about that.... The standard for others to follow.

[DiabolicAnt]

I’m so agree with you. The quote is quite good but you surely mustn’t follow this advice without any thinking. Be careful, collect other people’s knowledges, behave according to your experience and you will get profit.

[South Park]

In theory it may seem like a good idea, but all automatic strategies are destined to be losers.
Better to analyze case by case, sometimes the majority is right!

Completely disagree, automatic strategies can be very successful the problem is that people get afraid and then they stray from the strategy even if they know that is the right thing to do, for example right now the strategy is incredibly simple buy bitcoin and other good coins and get profits in just a few years, but very few are doing it because they are afraid another crash is going to happen.