Be greedy when others are fearful... - page 15.

daarul50

legendary

Activity: 1596

Merit: 1034

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.

I think the above quote is not meant to be an understanding of crypto investment because we know that Buffet is one of those figures who hate bitcoin on the grounds of speculation and fluctuations. For me, as long as crypto can still be profitable than investment on crypto become a major choice compared to other investments that we can not necessarily master quickly and easily.

zxcv cool

member

Activity: 134

Merit: 10

You should be greedy when others are afraid, but are you afraid when others are greedy? This is the normal view of investing, and if you can overcome both, you can certainly make money speculating.

BitRentXx

newbie

Activity: 140

Merit: 0

no need to be greedy, it will destroy us.
we must have a sense of satisfaction, take a modest profit from the trade do not expect anything big. if you do not want to be ruined.

satana_igor666

newbie

Activity: 112

Merit: 0

In business, you need to be greedy to earn, but just do not forget that you need to be able to release money so that they return.

Marlo0619

jr. member

Activity: 196

Merit: 6

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That is not yhe right thing to do, for me. In my own opinion. People have a different opinion about that. Some people agree and some people dont. I think being greedy is the the ideal attitude of a person. Being nice and generous is a must so that we have many friends.

arinalwa

newbie

Activity: 76

Merit: 0

Quote from: jackylion on July 24, 2018, 06:47:38 PM

In the encrypted market if you greed you will die, so set a clear clear goal so it will be better for you.

What is the encrypted market ? Trading and encryptions of crypto-currencies are completely two different things. If you mean decentralization, then probably you are have some point. Even decentralization will not kill you as it will open many other opportunities for you. Please make your statement more clear.

shone08

sr. member

Activity: 602

Merit: 262

Quote from: vintages on July 25, 2018, 08:04:56 AM

I guess many of us might misunderstand this quote, though, in some way, this quote can be true to some extend. But yet, you won't want to follow all advice being given by those whom have made it in cryptocurrency. Most times, they mislead other investors just for their own gain. Speaking on being greedy when buying can also be risky in it own. Buy when there is dump, but know when to stop.

The quote on the openning page are really true but everything can be in crypto world and a one wrong move can cause losing your money always buy when price is at the dip this can be resulting to gain huge profit this is an advise it up to you if you apply to your strategy.

pantheraio

member

Activity: 168

Merit: 12

It seems very true when other people are afraid of something but we can become greedy and dare to take risks. When will get a big advantage for ourselves where other people can not feel it.

vintages

full member

Activity: 966

Merit: 153

I guess many of us might misunderstand this quote, though, in some way, this quote can be true to some extend. But yet, you won't want to follow all advice being given by those whom have made it in cryptocurrency. Most times, they mislead other investors just for their own gain. Speaking on being greedy when buying can also be risky in it own. Buy when there is dump, but know when to stop.

Harrisonimo

full member

Activity: 490

Merit: 101

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.

Buying of cryptocurrency now is going beyond mere speculations but now becoming a real business; all things being equal. Every of your decisions still needs some form of checks even to help in profit maximization. You don't have to be overly greedy and overly fearful too.

AleSergio

sr. member

Activity: 378

Merit: 250

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Words are really good a specially for the forex markets or crypto markets, but it is really difficult to follow. When everyone is getting greedy you also try to be greedy, because you see a green line. It is just psychology, we always want more and forget about the chances that we get

bitbunnny

legendary

Activity: 2912

Merit: 1068

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It's a suspicious advice I would say and no guarantee that it would function each time. And not everything that is valid for stock exchange can be applicable to Bitcoin too.
Still I can agree that dealing with Bitcoin requires to be bold and to have certain risk apetite.
Although to be greedy as such is not good even you think you can control it. Sooner or later you will lose that control.

billbear

member

Activity: 294

Merit: 10

It's going to be in logic and reasonable but I can point out that to be greedy is not always helping the actual state of things going around you. When you will be more greedy than you are, it is not a fact that you will gain something, but most likely you will lose more than you would in normal state.

0xBitcoins

member

Activity: 115

Merit: 14

Warren Buffet must be a legend of stock market. But we cannot take all these in all the markets. Because just being greedy for a no-potential altcoin may lead to disasters. If we have invested only with bitcoin then being greedy will not hurt anyone.

diodorako

newbie

Activity: 29

Merit: 0

That is what the quick learners do. This could come only with experience though as you have to make a calculated decision.

ethancer

newbie

Activity: 23

Merit: 0

Be greedy up to a certain point. Never invest more than you can afford to lose. Learn everything you can about crypto, study it, invest where you feel confident.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: ylnar123 on July 25, 2018, 06:22:04 AM

So what is the meaning of the quote? I can't understand what you are implying here but what is do know is to buy when others are in panic selling because this is the time that the price will go low. Get greedy to buy when the price gets low is what the qoute makes me understand.

Honestly I would not advice you to listen to any "big whale" out there. Make you own decisions and live your own life. You dont have to listen to what others say because everyone here is on their own propaganda and notbody gives free advice on trading. Because real investors never speak of their real investments. What we see is only a small fraction of it, never take their words for granted nor get motivated by them.

If you believe in crypto and its future, buy it. If you dont, well...then what are doing in this forum? Cheesy

jademacoy

jr. member

Activity: 224

Merit: 8

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.

Definitely many of us here having this thought also why would you afraid to lose your money when you will just think that you can earn on that thing? This is how the quote being implied with taking advantage on the areas where this kind of investment had inculcated a lot of fear from the FUDS scaring you to get away with it. Well if you are just familiar with this investment then definitely you will not turn your heads away.

ylnar123

member

Activity: 350

Merit: 10

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.

So what is the meaning of the quote? I can't understand what you are implying here but what is do know is to buy when others are in panic selling because this is the time that the price will go low. Get greedy to buy when the price gets low is what the qoute makes me understand.

darthmaul

sr. member

Activity: 714

Merit: 252

Interesting but I am not going to follow that strategy at all. I guess being greedy in any situation is harmful for our trades and we must take care of it. Its our money that we are going to stake here and thus can cause financial damage to our assets. Lets consider the fact that Warren is rich guy and he wont get affected with what he is loosing at all. I guess we are ordinary investors and we should not be greedy at all. We have limit assets to invest or re-invest and hence keeping our steps with at most care is advisable. At least from my point of view.

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