This statement is true only in certain cases. If in January 2018, Bitcoin prices drop and if we are greedy to buy Bitcoin while others fear to sell Bitcoin, I think this is a mistake. We should buy and sell according to the market trend
Topic: Be greedy when others are fearful... - page 13. (Read 1432 times)
Yes, greedy but there are limits to them, while the market is falling, many fear and sell the coins to the market, but let's go upstream and buy in, hold the coins for long , I guarantee that you will be profitable if you are patient.
I think that mentality would ruin cryptocurrencies. Even if we have control of our finances, greediness of others will take ours and I think that even in crypto, no investments are safe. Values are moving and that gives us no assured amount. I think people see crypto as game in which if you do not win, you lose.
That saddens me a bit.
How being greedy will ruin cryptocurrencies ? Honestly I'm not getting point. For example, if you are turning greedy then you will holding bitcoins which will definitely increase the demand. It means bitcoin prices will go up. Then how it will ruin cryptocurrencies ? That saddens me a bit.
Investors can always read opportunities, when many people are afraid then he can take advantage of the right moment to buy so as to get a big profit one day, greedy people always have a good tactic and certainly dare to take risks.
Most of the time being greedy will result of losses, but based on the line that be greedy when others are fearful it has a chance to get more earnings because some investors invested when the value of coins in the market are rising to make sure their investment have a big chance to earn profit, then greedy people are taking risk before the value of coin will increase.
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
-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 agree with the opinion of Warren Buffet; as shared by you. The same opinion I shared in the forum last month in following thread'
https://bitcointalksearch.org/topic/m.40959748
Really speaking we should never follow the crowd. Crowd followers can never become leaders but just a part of crowd. The people who done something special were only who took some different path.
So lets us swim opposite to the current of the river.
if there is capital to buy everything, who is afraid? when prices fall and everyone is afraid to buy, in fact it is our chance to take a big investment opportunity.
There something I would to correct, with all the respect of the others here in this thread. I don't know if the questioner is giving an advise or
asking? whatever, If we see that others are fearful while most of the price value of the coins are declining the term " Greedy " is not the right for
it instead, we must take the chance to buy the coins that got dumped especially if altcoins are potential one.
Maybe that mean is, greedy to buy? because many people certainly think that it is a good opportunity to buyasking? whatever, If we see that others are fearful while most of the price value of the coins are declining the term " Greedy " is not the right for
it instead, we must take the chance to buy the coins that got dumped especially if altcoins are potential one.
when prices go down because many users are panicking. of course the price will bounce quickly.
There something I would to correct, with all the respect of the others here in this thread. I don't know if the questioner is giving an advise or
asking? whatever, If we see that others are fearful while most of the price value of the coins are declining the term " Greedy " is not the right for
it instead, we must take the chance to buy the coins that got dumped especially if altcoins are potential one.
asking? whatever, If we see that others are fearful while most of the price value of the coins are declining the term " Greedy " is not the right for
it instead, we must take the chance to buy the coins that got dumped especially if altcoins are potential one.
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
-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.
Keep in mind, the price is what you pay, and value is what you get—pay too high a price and returns are decimated. To elaborate on this, the value of a stock is relative to the amount of earnings it will generate over the life of its business. In particular, this value is determined by discounting all future cash flows back to a present value, an intrinsic value. Pay too high a price and the return that arises as a stock gravitates back to its intrinsic value over time will erode. Act greedy when others are fearful and reap enhanced returns, under the right set of circumstances: predictability must be present, and short-term events that create the subsequent downgrade in prices must not be moat-eroding.
Quite right. This is essentially the problem with applying any kind of traditional investment thesis to crypto: it has no intrinsic value because it doesn't have cash flow or produce income. So there's nothing to base the value off of when there's no intrinsic value, and all valuations are arbitrary and speculative.
I don’t know why this sentence can’t be applied to bitcoin. The fact that Buffet said it, doesn’t make him the exclusive owner of the sentence. Also, the fact that Buffet doesn’t buy bitcoin doesn’t mean it can’t be applied to bitcoin either.
He doesn’t understand high tech companies and the sentence can be applied to them.
Buffet is the best traditional investor but the world is constantly changing, and at a fast pace nowadays.
If you have done your research and you buy an asset because you strongly believe it has good fundamentals, that sentence applies. It doesn’t matter if you buy bitcoin, google shares or KO shares: when everyone is scared and selling, buy; and when everyone is so very happy about the investment because it goes up non-stop, sell.
He doesn’t understand high tech companies and the sentence can be applied to them.
Buffet is the best traditional investor but the world is constantly changing, and at a fast pace nowadays.
If you have done your research and you buy an asset because you strongly believe it has good fundamentals, that sentence applies. It doesn’t matter if you buy bitcoin, google shares or KO shares: when everyone is scared and selling, buy; and when everyone is so very happy about the investment because it goes up non-stop, sell.
See the explanation above. This is why Warren Buffet's quote can't be applied to crypto. Because when he says something like this, it takes as a given that you have a sound investment thesis and are investing based on the fundamentals of the company. Eventually, the market will realize what you already know and will correct the price. This doesn't apply to Bitcoin because there are no fundamentals. Applying this advice in a crypto context is no better than just guessing.
Warren Buffet is too old to think about bitcoin, focusing him only on the stock that has made him rich. By the way, to get profit we are needed for greedy, greedy in another sense has a way to realize. However, if greed merely indulges in the passions will create an endless suffering. Agree with this word
My other view is, nowadays many people are harassing bitcoin, they think bitcoin only economic bubble next to be remembered, this is always Warren Buffet said. But that has been analyzing bitcoin and bitcoin potential in the future, there is a point with the quote talked-about. Today bitcoin investors are being greedy to invest, while everyone who knows bitcoin deeper will feel scared to get started. And this will be reversed when they are familiar with bitcoin well.
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
-Warren Buffet
My other view is, nowadays many people are harassing bitcoin, they think bitcoin only economic bubble next to be remembered, this is always Warren Buffet said. But that has been analyzing bitcoin and bitcoin potential in the future, there is a point with the quote talked-about. Today bitcoin investors are being greedy to invest, while everyone who knows bitcoin deeper will feel scared to get started. And this will be reversed when they are familiar with bitcoin well.
In my Buffett generally moved with his mind, or pursues certain goals, clearly hidden from the eyes!
I dont want to be greedy while others are afraid of falling price of bitcoin, many of us want to earn so they do everything they can buy in trading. But for me if i see the price is going down i choose to trade it to another coin or sell it fast and wait for the big dump and buy again . But always remember all your investment is on risk there is not sure that you can profit but atleast you have a chance to make a profit . Just focus and check you assets time to time.
It is not good to be greedy, we all know that because it can cause other people’s failures. By the quote- it teaches people to do wrong thing and play around with those fearful one- you must always put your shoes on their shoes, turn the other way around always if you are in their situation what would you feel.
I also like this quote a lot, and it makes a ton of sense, still hard to always apply it though, human nature is so strongly rooted in us..
Mehdi
Mehdi
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
-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.
Investing a huge amount while the market price is dropping is the best thing to do because you can always take advantage of the situation in order to earn more profit when the market prices goes back to normal.
I like this quotes. I think it is in fact right, when other people are fearful the price will go down, when price go down it is generally good time to do some invest, because you know later the price will go up. But it is hard to follow as well, when other people are fearful, it is possible that you will be fearful and do not want to make any movement.
Warren Buffet doesn't speculate, and if you're buying crypto, you're speculating.
Agree wholeheartedly. I'm a long-time admirer of Warren Buffett, and it's obvious to me why he doesn't invest in bitcoin--he doesn't know where it's headed, and he can't analyze it like he can a business. Either you believe bitcoin has a future or you don't. Either you think bitcoin's price is going higher or you don't. Buffett can't determine whether it's undervalued or not like he can with a stock, and neither can anyone else here. Sure, you can assert that you see from the charts that it's going to $100,000 but that's not being honest or using any sort of logic.Buffett speculates too, but he's not throwing darts when he buys a stock. He's brilliant and looks deeply at the business that's behind a stock before investing. It makes all the sense in the world that he hasn't bought bitcoin, which could cause him to lose all the money he put into it. Plus he'd have a very hard time justifying that to the Berkshire Hathaway shareholders.
Therefore, can we conclude that warren buffet does not fully understand bitcoin or crypto right? If that is the cased then we all goes back to the idea that investing into crypto is a full gamble that cannot be predicted. Even if you used all the possible logics available to where the price is heading. It is still impossible to be greedy when others are fearful.
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I don’t know why this sentence can’t be applied to bitcoin. The fact that Buffet said it, doesn’t make him the exclusive owner of the sentence. Also, the fact that Buffet doesn’t buy bitcoin doesn’t mean it can’t be applied to bitcoin either.
He doesn’t understand high tech companies and the sentence can be applied to them.
Buffet is the best traditional investor but the world is constantly changing, and at a fast pace nowadays.
If you have done your research and you buy an asset because you strongly believe it has good fundamentals, that sentence applies. It doesn’t matter if you buy bitcoin, google shares or KO shares: when everyone is scared and selling, buy; and when everyone is so very happy about the investment because it goes up non-stop, sell.
He doesn’t understand high tech companies and the sentence can be applied to them.
Buffet is the best traditional investor but the world is constantly changing, and at a fast pace nowadays.
If you have done your research and you buy an asset because you strongly believe it has good fundamentals, that sentence applies. It doesn’t matter if you buy bitcoin, google shares or KO shares: when everyone is scared and selling, buy; and when everyone is so very happy about the investment because it goes up non-stop, sell.
Everyone always says to buy the dip and buy when others are selling. The problem is when you run out of FIAT and are all in and holding, it is very hard to be greedy when others are fearful. Many of us are stuck as we have no spare cash to buy, but if I did have spare money now, I would try to get as much BTC as possible. Now it is retracing a little bit due to EFT announcement delays but we could see another impending crash soon if the EFT for the CBOE gets rejected by the SEC, then if I have cash I will buy Bitcoin and Altcoins.
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