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Author Topic: Be greedy when others are fearful...  (Read 1425 times)
ziac
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September 09, 2018, 02:35:06 PM
 #301

Yes.. If you have the funda then this market is the perfect time to buy and hold for future gains.. We all know market will rise sooner or later take the advantage to catch weak hands eggs

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Athero
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September 09, 2018, 03:11:05 PM
 #302

Quote
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.
When the market is scared. It is a good buying signal.
Everything that goes down has to go up once.

And buying and holding in downtrend is the the hardest. Be strong.
Believe in your decision and in time it will pay off.
bluered
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September 09, 2018, 03:28:42 PM
 #303

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.

well yes i think, people must be wise in order to survive in these society full of selfishness. being greedy in the way that you take the opportunity to get advance before the other, just like in bitcoin, being wise to start and continue working to earn bitcoin. being greedy in a nice and good way.

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September 09, 2018, 03:40:07 PM
 #304

to be greedy is indeed not good but almost all humans seem to do that because maybe they think to be able to get maximum benefits and can become rich from the benefits they get. it is very difficult to prohibit humans from being greedy.
fianaindriati
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September 09, 2018, 04:15:09 PM
 #305

to be greedy is indeed not good but almost all humans seem to do that because maybe they think to be able to get maximum benefits and can become rich from the benefits they get. it is very difficult to prohibit humans from being greedy.

the person's mind must be different. some are like that and some are not. sometimes greedy people only think about the results and results without thinking about what hard work they are like, even though it is very risky too.
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September 09, 2018, 06:13:01 PM
 #306

Yes.. If you have the funda then this market is the perfect time to buy and hold for future gains.. We all know market will rise sooner or later take the advantage to catch weak hands eggs
Yes it is good to be greedy because the more you will buy the more money you will have for your coming days of life, it falls when people gets fearful and sell it, selling time is buying time for wise people because they knows price will fall and will be great time for us to buy, so be active when people will start selling try to buy it when price will be low.
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September 09, 2018, 06:25:56 PM
 #307

The only best way for an investors to be successful in trading crypto currency is that, one really need to be greedy while others are fearful to invest in crypto currency market. Now is one of the best time for a rational investors to invest in ethereum because, so many people are fearful at the moment because of the decline in the market value of ethereum of which there is greater future ahead only if you believe in ethereum.
RedzoneASE
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September 09, 2018, 08:53:54 PM
 #308

This statement is really useful when the market is not suffering a huge crisis that is happening at this moment. The market has been like this a few months if you follow its statements then I think you are crying witwith your losses right now.

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September 09, 2018, 10:18:48 PM
 #309

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.
Actually it's not important to be greedy maybe to be being greedy it can lost some of your coins. Ill experience on that since my coins that i have are in high enough but ill dell it quickly unfortunately its comes too higher the price so ill earn only not enough.
danice15
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September 09, 2018, 11:01:10 PM
 #310

Sayings of Warren Buffet is really meaningful or inspirational if you will think of it. You will learn a lot by him specially in the name of investing or business. This quotation from him is an effective tactics in the market. But still you must know the risk.
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September 09, 2018, 11:15:52 PM
 #311

Warren Buffet is a very successful investor but investing in the crypto market is not like investing in traditional markets. Many investors are afraid to invest in this market. Here the general rules of the investment world do not usually work.
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September 09, 2018, 11:17:32 PM
 #312

I have great respect for Warren for his work in the field of investment. Is his catchphrase "I love half-smoked cigarette butts, which are able to take another puff" due to this rule he chose undervalued companies, on which he made a fortune. He also always said that you need to be an expert in this field to invest. If you consider yourself a specialist, then you are ready.

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September 10, 2018, 07:25:21 AM
 #313

I remember this line that was once spoke by pro cryptocurrency billionaire Warren Buffett. It really makes sense to be greedy when others are fearful like this crisis season where prices are too low so it's time to be greedy and buy as much as you can and hold them. Time will come that these cryptos you have will turn into a gold mine.

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September 10, 2018, 07:36:15 AM
 #314

It is always smart to be greedy especially in crypto when the market goes red and people begin to panic sell. This becomes the chance for smart investors to buy more valuable coins at very cheap price to enrich their wallets. Never panic sell because the market always recovers.
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September 11, 2018, 07:51:55 AM
 #315

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.
In my opinion, you are talking about two very different things. Being greedy in life and being greedy in business are not the same things. Being greedy in business is another name of earning money and as long as you are able to earn big money in business, it is not bad to be greedy because the sole purpose of business is to make money. The altruistic thing can be followed once you achieve and attain a certain level of finance.
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September 11, 2018, 08:37:35 AM
 #316

You don't have knowledge at all in crypto. Yes easy to utter words especially if money is the purpose when we have to invest in crypto. Just like in bitcoin we dont know really where it will heading so sometimes being greedy is helpful to earn money.
Andrej Peiboski
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September 13, 2018, 11:06:54 PM
 #317

Eh, if so simple strategies were enough to get rich ...
In reality, you can also try to go against the grain, and it can be a winning strategy, but the real problem is to understand what the current trend is, since when it is discovered it is usually too late.

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September 13, 2018, 11:37:50 PM
 #318

but you must have a good decision when everyone starts leaving we also have to be careful in taking the opportunity, don't be greedy because that's not true, greedy people will only result in big losses

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September 14, 2018, 01:51:56 AM
 #319

You need to be greedy in this market but you cannot let greed take over you because if you make that mistake then you are going to invest before the market has totally crashed and you are going to lose money, and there is nothing worst than to enter the market just to lose a lot of money, the best thing is to wait until the panic is just a and the price is stable, like what is happening right now.
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September 14, 2018, 02:38:05 AM
 #320

Well, i don't like that advice, its like taking advantage of others weaknesses and besides greediness is sin. Advice something  positive and not  in negative way. But oe invest Bitcoin while others can"t, that is better.
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