This is one of the best crypto rules ever.
Topic: Be greedy when others are fearful... - page 3. (Read 1422 times)
it is very meaningful that this head is now re-emerging. people are losing money and some say "you will earn more".
I admire Mr. Warren Buffett. A talented investor of the world. His words are good but not always right. Greed can cost you everything when you do not see the right market.
I think you are free to be greedy and fearful as you wish, the world is a machine that must continue without pause, the earth is stronger.
I think it's very normal, the world is freedom and competition that everyone needs to work hard to get what they want.
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?
Buy and buy, or get rid of everything?
I think being greedy is not good thing or character. Becoming rich is not caused of greedy, we should be work hard and do much effort to reach whatever we wish but not become a greedy man. The most important things to reach the dreams are aims and effort. In crypto, being greedy will cause a panic when our wish not reached. Therefore, we must stay calm and enjoy with our jobs.
Your thinking is very wise and I very much agree with that opinion because greed always has two sides, sometimes we can become rich but sometimes we will lose big, it is gambling and of course, gambling will depend on luck, and it does not suit everyone. People should choose a more appropriate path, work hard and then become rich, not greedy when others are scared, it could be a trap that will bury them forever, the best evidence is the market situation right now, huge casualties when we greedy 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 do not want to be successful in the expense of others trouble. I want to make it better and do good things to others. In this time if others are in fear or in trouble maybe we can reach out to them.
This market is not so easy to invest. When you invest in this market with such thoughts then this only makes you lose money. The current market is very bad and you need to make the right judgments before investing.
When the opportunity is there, then grab it. If you were given a chance, then take it. Use the other's fear as your strength for you to adnvace in a competitive world. Business is a competition so take advantage of your compatitor's fear.
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.
Greedy means pursuing something to get more than you already have, a very ambitious principle. In a greedy business it is identical to making as much profit as possible when others do not dare to do it. This mentality is very suitable for speculative businesses like bitcoin, because when other people sell, they dare to buy with careful calculation. Big profits are obtained when the calculation is correct. But it can be a big loss when the calculation is wrong.
I think being greedy is not good thing or character. Becoming rich is not caused of greedy, we should be work hard and do much effort to reach whatever we wish but not become a greedy man. The most important things to reach the dreams are aims and effort. In crypto, being greedy will cause a panic when our wish not reached. Therefore, we must stay calm and enjoy with our jobs.
When no body is investing i.e. others are fearful; which will be resulting in cheap prices. Bitcoin / altcoins available at cheap prices. For a long term investor it is the best time to buy. Just hold and watch. Keep patience.
But the conditions is patience and funds should be surplus. Wait for couple of months. When positive trend will start there will be a crown then trying to climb the hill where you are already sitting with reserved seat.
But the conditions is patience and funds should be surplus. Wait for couple of months. When positive trend will start there will be a crown then trying to climb the hill where you are already sitting with reserved seat.
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.
it will be different scenario if he pick up crypto. thing is most of the crypto trader are exclusive from stock market. 2 different game played by 2 different group of people. although many big whales already agree that crypto is a big pool for them to jump, sooner or later when all jump ship, he say different things.
I think we should always stick to what we believe is right for us to get good profits. Many people feel panicked and sell their bitcoin at low prices and it is used by investors who bear to buy as much bitcoin as possible. I feel the greed they do it because to collect and save bitcoin when the price goes down. they don't want to spend that time removing their coins but to hoard them.
Being greedy is not always a good advice because there is too much harm than gain but still if played in a good tactic then it can also yield a lot of profit. I will say take some rest then others are feared but don't be too much pretty because that can put you in a pothole. If you invest heavily there is a chance that Bitcoin can fall even more and you cannot survive the damage but there is a lot of chances like 70 or 80% chances from me that Bitcoin is going to rise producer but still do not take the risk if you cannot afford to lose the coins
It seems to me an excellent strategy, if you have reserve capital, you are not in a hurry to make money and in any case you can cover mistakes.
Otherwise, it's definitely too risky.
Otherwise, it's definitely too risky.
Eh, if these strategies worked we would all be millionaires ...
We forget that for other people we are the "others", and so - if they look at us as we look at them - what is created is only confusion.
Better to use smarter strategies.
We forget that for other people we are the "others", and so - if they look at us as we look at them - what is created is only confusion.
Better to use smarter strategies.
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.
That saddens me a bit.
Maybe the thought is about being "greedy" in a way that you are being greedy in your work especially with this industry and make efforts be worth it.
Being greedy is good if we want to make profits. In any market, all investor looking opportunity from any situation and when peoples fear about market condition, they tend to selling their asset with cheap price, and its good time to be greedy and buying good asset with cheap price
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.
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.
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