Topic: Be greedy when others are fearful... - page 2. (Read 1422 times)
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.
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.
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. 
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.
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.
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.
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.
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.
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
If it were that simple ...
the problem is that we are not always able to understand the feelings of the market, and unfortunately we project fears and hopes that prevent us from seeing the reality of things.
the problem is that we are not always able to understand the feelings of the market, and unfortunately we project fears and hopes that prevent us from seeing the reality of things.
This mindset applies to people who have more capital, this is natural in any business because they can play with sentiment and make a profit, but there are some people who are skeptical and consider it wrong, especially in crypto because the fluctuations are too extreme. But again that the stock market is a business that can be applied to any strategy.
I think human nature is not greedy but they just want to maximize the benefits they can get or they can call them to take advantage of the opportunities available to get a lot of results.
Current market conditon very bad and many people afraid on this condition. Many of them panic and selling their bitcoin even they got loss on their investment. If we see an opportunity, its good time for buying bitcoin because the price lower more than 70% from ATH.
Bitcoin already proven as good long term investment and if we confident with our own investment, i am believe bitcoin will be profitable
Bitcoin already proven as good long term investment and if we confident with our own investment, i am believe bitcoin will be profitable
I strongly agree. There are many people who fail to understand the words of Warren Buffet. when someone has done what Buffet said, they lose a lot of their wealth.
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.
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.
And by the way, greediness is a bad thing, so let’s not use that word, just say invest and be smart when others are being dumb, that’s a better word than being greedy. So always try to do whatever you’re doing at the right time and don’t feel like you know everything, cause you might be making the worst mistake.
Yeah, that's pretty much the whole point of my post. Being greedy to be a contrarian isn't actually sound advice, but people interpret the advice from Buffet superficially and don't actually grasp what he's saying. Inherent in his direction is the underlying concept that you have a sound and rationale decision for investing at the time other people are actively fleeing a particular investment; simply buying because everyone else is selling is a terrible idea without a fundamental analysis of the underlying value of the investment, which in crypto is nearly impossible because it's a unproductive asset with no inherent value and the value is arbitrarily determined by consensus. Being a contrarian under those circumstances is actually the worst thing you can be, because being outside of the consensus is going to lose money by definition.
Actually i'm just remember some of my friends about that kind of words, He make that to being greedy on when the prices of the coins he have are rise and sell it before going down again and sometimes also he is afraid if going back again into dump situation.
buy as prices go down selling when prices peak, the chance to get rich
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.
Just buy only the known coins so that it will have a great possibility that it will rise soon.
The quote tell us to be aware of the market .
Specially if you are a trader
I would be curious to know, according to this advice, what should be done now, with the crypto market in free fall.
Buy and buy, or get rid of everything?
I think buying is the right choice because the market will not continue to fall, there is a time when the market will go up and it will benefit you. Buy and buy, or get rid of everything?
I think when you become greedy like that it will give you a very high risk, you better not be too greedy and just follow the movements that do not take too much profit.
I see that is true. It can also happen with different circumstances. And not all who are greedy win. It must be practical in the application. Jump to: