He is great to be the most respected person in the world, I just say that it is true then to be yourself, this world is so difficult it takes courage to be a very feared person and do not care about other people's conversation It is important that the business is as beautiful as now .
Investments everywhere are very reasonable because at the age of 11 Warrent Buffett has bought his first share with a very young business, his hard work is very good, as his knowledge and maturity grow heavily by buying farms and other stocks.
Topic: Be greedy when others are fearful... - page 17. (Read 1432 times)
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.
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.Almost any profitable investment is risky. In any case Warren Buffet analyzed the stock markets, then invested his funds trying to hedge the risks, and he was successful on his way.
I don't agree that buying a crypto currency is a speculating. The price of a PoW based crypto currency has a prime cost that can be estimated from the resources spent for mining a coins. Advertising increases the demand for crypto currency, and its price grows. This is a market price, as the price of gold or other commodity.
I understand this quote of Warren Buffet like that: "be in the counter direction of the market movement", i.e. "you buy when others sell, and you sell when others buy". I approve this opinion.
Yeah but lets not too greedy as to get sucked up in the black hole. I believe what Warren spoke was all about his experience at the Wall Street and not the crypto currency world. Things are completely different here, we know very well things can turn upside down here in any minute. Well bitcoin reached 8.3 K USD within two days and it may happen that it will turn back on us within a night. So there should be little fear always, doesnt matter whether it is up trend or down trend. Having precautions is always the better way, being greedy at right time is okay, but I still doubt its relevance in the crypto space.
Warren Buffett doesn't believe in gold either, and that while gold has a proven track record of thousands of years. The thing with Buffett is that he likes to invest in things he can generate revenue from in form of dividends or interest. Bitcoin obviously doesn't produce anything in that way. In order to earn from crypto is to have a fundamentally strong POS coin with low annual inflation, but where are they? I haven't seen one single POS coin that maintained its value -- they all crashed hard and will keep crashing hard because they don't know shit. Ethereum plans to become somewhat of a POS coin, so we'll see how that goes....
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.
Personally, for someone to rely on Warren Buffet's quote to make investment in crypto is an outright misrepresentation and twisting of fact to suit your own purpose because Warren himself has never believed in crypto for him to have made such comments concerning it and up till this morning, that has not changed.
However, the quote can be applied but in any investment decision you believed in and in a micro way, its what majority of believers in crypto have continually done without the need to read quotes such as in cases of downward trend in price when panic selling is the other of day, a lot of people still stay strong until there is a turnaround in the situation of things.
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.
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.
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