Be greedy when others are fearful... - page 12.

Valzzz005

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Quote from: jaysabi on July 24, 2018, 03:38:47 PM

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.

Warren is a super effective specialist. Be that as it may, he's had disappointments as well. On the off chance that you need to be rich you will come up short sooner or later. Gaining from your disappointments is essential. Try not to commit similar errors. Indeed, even the most elite falls flat. Following his recommendation in the market of crypto isn't as exact however certainly solid guidance.

royaljack200

newbie

Activity: 58

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Warren is a super successful business man. But he's had failures too. If you want to be rich you will definitely fail at some point. Learning from your failures is important. Don't make the same mistakes. Even the best of the best fails. Following his advice in the market of crypto isn't as accurate but definitely sound advice.

narielle

sr. member

Activity: 368

Merit: 250

In some point but I do not consider it as an advantage for us. I might buy some coins when low but I expect more risks upon it. However, this is the factor why other investors can double up their profits. Buy more during a crash and sell when it peak. Probably, only risk taker can do that.

LeavingEden

jr. member

Activity: 91

Merit: 1

Maybe that will be the cause to lose you more money and maybe that will be the reason to decrease your profit. Don't be greedy, must think wisely. There will be a right time to be greedy and also for fearful. Just think wisely before you do any steps.

7Dyoknga5

jr. member

Activity: 210

Merit: 1

dApps Development Automation Platform

"Sell high, buy low"

The main idea is help people understand when to buy and sell. Investing in a stock with a low value comes with great risk but great risk comes with great rewards.

There is also a thing called smart investment, would you invest in a telegram company in this age of smartphones?

mdgabrielzim

full member

Activity: 1232

Merit: 143

Quote from: jaysabi on July 24, 2018, 03:38:47 PM

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.

This can be both good and bad advice at the same time. For when a great majority leaves a project it tends to devalue and with that the few people who entered the business take damage.

richardsNY

legendary

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Merit: 1091

Quote from: soname12 on July 28, 2018, 04:36:23 PM

The crypto market is only for people with cold heads and greed

Impossible. Regardless of how long people have been investing or trading this market, they all go through various cycles where their confidence decreases based on what happens in this space. If you don't cash out you feel uncomfortable in some cases, but the same applies to when you do cash out. It's impossible to be on the right side all the time because we're all subject to the same rollercoaster. You can somewhat hedge your emotions with trading by using a bot, which is what a lot people do, but that directly leads to uncertainties regarding the results of your bots. And then you also have to hope that the bot you're using has no backdoor access with how people either pay for them or blatantly use one that's available on internet....

jak3

legendary

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Not everyone is speculating every time. Predictions can be sometime harmful choice hand making smart choice is difficult depending upon the situation. When people Fiat the price inflation due to rumurs or by watching the price crash . People start making wrong decisions and others take advantage of this opportunity and became gready.

meerkatoken

copper member

Activity: 42

Merit: 2

Very good topic !
Personally I hate this quote so much. It shows you how a pro speculator thinks about the market. BUT if you are planning to build your investment strategy on this idea in crypto, you will likely to fail. Crypto is so easy to manipulate with realitevly low sums of money, that conventional tactics and analysis can fail in any second. As a simple whale move can drive the price by 200 USD under a minute in each direction, stuff that works on the stock exchange, might fail in crpyto. Buffet and otheres will never understand the fundamentals of crypto hence their market advice will fail in crypto sooner or later. Do your own diligence.

kr105

hero member

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Merit: 501

Warren Buffet's advices in the world of investment is very much taken into account, and i agree with them. Most of these opinions also apply to the crypto world. Sensible, move in the opposite direction of the market.

chaoscoinz

sr. member

Activity: 1151

Merit: 260

☆Gaget-Pack☆

I agree, it takes the skill of discernment in order to make an accurate forecast in such a volatile market. The slightest bit of stimuli can cause fluctuations, which if one is not careful, could prove to be costly. He has made his fortune, so I personaly take his words to be precious like gemstones. Men like him are usually two to three steps ahead at every turn.

soname12

member

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The crypto market is like a game. And we are the people who are gambling for money. Some people are greedy because they think they will win this game but some are scared because they think they will lose. The crypto market is only for people with cold heads and greed

Greed Dev

member

Activity: 490

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Everyone has their own investment choices. But most of the investors in this market are always greedy. The only newbie feels scared when prices start dropping. But I believe that once they know about the crypto market, they will certainly become greedy just like us

bdc2343

member

Activity: 296

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We should be greedy and fear the right time is the best method. If there is good news, then we should greed and buy more Bitcoin. If there is bad news for Bitcoin, then we have to sell Bitcoin and wait for Bitcoin to have the lowest price to buy

jackky

member

Activity: 308

Merit: 10

Sometimes we need to be greedy. I remember that last year I sold Bitcoin for $ 4000 because I thought Bitcoin would never be able to raise $ 5000. And when the price of Bitcoin rose to $ 20,000 I was very sad because I was not greedy

alimatmo2019

newbie

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Greedy is to fair with one doing and not to be hold too much on one is doing for the opportunity is not at one side adding fairness to one doing to be averagely doing it right and well

anti76

sr. member

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Warren Buffett seems to me that-that knows what we do not know.So you need to keep an eye on people like him.And if possible, learn to invest with them.I suppose I do not regret that I made some investments in the crypto currency.If I had a financial portfolio like Warren Buffett, I would multiply it in the crypto world at least 2 times.Warren Buffett hear me please Grin

BartS

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Quote from: dev9t9ok on July 26, 2018, 05:09:38 PM

Buffet is a very clever and prominent person but it seems me tha the often has some inside information before making investing decisions but anyway I respect him very much. It seems me that he describes 2 stages of market. The first in is an oversold stage where you need to buy to reap some later and the second one is an overbought stage which is usually named as ephoria where you need to sell all your assets before a crash or a deep correction phase.

You must understand that there are different levels of inside information, inside information is not illegal in itself, so there is nothing wrong with what he or anyone is doing, in fact if you are a fundamental investor you want to have as much information as you can before making any kind of investment in a company, and with his reputation it is obvious to me that even if he forgot everything about how to invest he will still very successful since he will have trusted people to him giving him hot tips about which company to select to invest.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: memecoin on July 28, 2018, 03:36:16 AM

Agree with your comments. Sometimes we should see greed. There are a lot of people scared and selling Bitcoin and altcoin at very cheap rates because they think the price will drop even more. But I think they are foolish to have such thoughts

I wont call them "foolish" because they are humans and they need money to run their families. They may need the money for any dire situation in real life and thus shorting the bitcoins for fiat asap. But then we have a large number of people who are holding on to their coins for months hoping to touch the 10k -20k USD mark in order to sell.

Quote from: Smon on July 28, 2018, 03:38:18 AM

Yes, I am always greedy when others are scared. Sometimes there is some negative news about Bitcoin and Bitcoin prices dropping. I will always buy when prices fall and just wait 1 or 2 days after the price will rise again, and that is when I make a profit from greed.

LOL I wont say you make profit from greed. Its good to reinvest your profit and make money from it. You just need to enter the cycle of rise and fall at the correct time and soon you will be be making money from trading.

Lexurdania

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In the market that involve billions dollar, we should not panic with market condition if we already believe on our investment. I think Be Greedy when others are fearful is description about what whales do when small investor panic. Whales / big investor will buying good coin/ token on cheap price when many peoples start selling their coin because of negative news. We should always research when we hear about negative news and not panic in any circumstance

Topic: Be greedy when others are fearful... - page 12. (Read 1422 times)