Be greedy when others are fearful...

[beyasuli]

I think when you become greedy like that it will give you a very high risk, you better not be too greedy and just follow the movements that do not take too much profit.

Greedy means pursuing something to get more than you already have, a very ambitious principle. In a greedy business it is identical to making as much profit as possible when others do not dare to do it. This mentality is very suitable for speculative businesses like bitcoin, because when other people sell, they dare to buy with careful calculation. Big profits are obtained when the calculation is correct. But it can be a big loss when the calculation is wrong.

[rricksu]

When the opportunity is there, then grab it. If you were given a chance, then take it. Use the other's fear as your strength for you to adnvace in a competitive world. Business is a competition so take advantage of your compatitor's fear.

[cpkozak]

This market is not so easy to invest. When you invest in this market with such thoughts then this only makes you lose money. The current market is very bad and you need to make the right judgments before investing.

[Piranha1]

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 do not want to be successful in the expense of others trouble. I want to make it better and do good things to others. In this time if others are in fear or in trouble maybe we can reach out to them.

[dat.ho12492]

I think being greedy is not good thing or character. Becoming rich is not caused of greedy, we should be work hard and do much effort to reach whatever we wish but not become a greedy man. The most important things to reach the dreams are aims and effort. In crypto, being greedy will cause a panic when  our wish not reached. Therefore, we must stay calm and enjoy with our jobs.

Your thinking is very wise and I very much agree with that opinion because greed always has two sides, sometimes we can become rich but sometimes we will lose big, it is gambling and of course, gambling will depend on luck, and it does not suit everyone. People should choose a more appropriate path, work hard and then become rich, not greedy when others are scared, it could be a trap that will bury them forever, the best evidence is the market situation right now, huge casualties when we greedy

[Andrej Peiboski]

I would be curious to know, according to this advice, what should be done now, with the crypto market in free fall.
Buy and buy, or get rid of everything?

[Soneo]

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.

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

[ogzramiz]

it is very meaningful that this head is now re-emerging. people are losing money and some say "you will earn more".

[BCSHonda]

I think when you become greedy like that it will give you a very high risk, you better not be too greedy and just follow the movements that do not take too much profit.

I see that is true. It can also happen with different circumstances. And not all who are greedy win. It must be practical in the application.

[talenah kotang]

I would be curious to know, according to this advice, what should be done now, with the crypto market in free fall.
Buy and buy, or get rid of everything?

I think buying is the right choice because the market will not continue to fall, there is a time when the market will go up and it will benefit you.

[KluFf]

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 is a great strat where your going to buy all the cheap coins when you know that it will be pump in the future.
Just buy only the known coins so that it will have a great possibility that it will rise soon.
The quote tell us to be aware of the market .
Specially if you are a trader

[jack wira]

buy as prices go down selling when prices peak, the chance to get rich

[Innocant]

Actually i'm just remember some of my friends about that kind of words, He make that to being greedy on when the prices of the coins he have are rise and sell it before going down again and sometimes also he is afraid if going back again into dump situation.

[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.

Lol,  I don’t have any problem with being greedy when others are fearful, the main point is if you are doing that at the right time cause you might just end up being greedy at the wrong time and end up a big time loser.

And by the way,  greediness is a bad thing,  so let’s not use that word,  just say invest and be smart when others are being dumb,  that’s a better word than being greedy. So always try to do whatever you’re doing at the right time and don’t feel like you know everything, cause you might be making the worst mistake.

Yeah, that's pretty much the whole point of my post. Being greedy to be a contrarian isn't actually sound advice, but people interpret the advice from Buffet superficially and don't actually grasp what he's saying. Inherent in his direction is the underlying concept that you have a sound and rationale decision for investing at the time other people are actively fleeing a particular investment; simply buying because everyone else is selling is a terrible idea without a fundamental analysis of the underlying value of the investment, which in crypto is nearly impossible because it's a unproductive asset with no inherent value and the value is arbitrarily determined by consensus. Being a contrarian under those circumstances is actually the worst thing you can be, because being outside of the consensus is going to lose money by definition.

[Duogembrot]

I don't think it's important that you don't have to be a greedy person. You just need to take reasonable profits, but usually everyone wants to try to maximize the results they can get.

[zeingrind777]

I strongly agree. There are many people who fail to understand the words of Warren Buffet. when someone has done what Buffet said, they lose a lot of their wealth.

[TheClownSong]

Current market conditon very bad and many people afraid on this condition. Many of them panic and selling their bitcoin even they got loss on their investment. If we see an opportunity, its good time for buying bitcoin because the price lower more than 70% from ATH.
Bitcoin already proven as good long term investment and if we confident with our own investment, i am believe bitcoin will be profitable

[eekkaa]

I think human nature is not greedy but they just want to maximize the benefits they can get or they can call them to take advantage of the opportunities available to get a lot of results.

[BryanRoseWalker]

This mindset applies to people who have more capital, this is natural in any business because they can play with sentiment and make a profit, but there are some people who are skeptical and consider it wrong, especially in crypto because the fluctuations are too extreme. But again that the stock market is a business that can be applied to any strategy.

[Brunus]

If it were that simple ...
the problem is that we are not always able to understand the feelings of the market, and unfortunately we project fears and hopes that prevent us from seeing the reality of things.