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Topic: Be greedy when others are fearful... - page 7. (Read 1422 times)

newbie
Activity: 148
Merit: 0
August 17, 2018, 09:02:05 PM
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.
full member
Activity: 434
Merit: 105
ADAB ICO
August 17, 2018, 08:25:40 PM
a friend is investing dollars and euro. but he is making so many funny moves that he really earns very little. another friend earn much more thanks to his courage even though he does not know the market well.
Your friend is just lucky, it is true that you need guts in order to be an investor but that is not enough you need to have knowledge because once the luck runs out and your friend begins to lose money it is likely he is going to take even greater risks trying to keep his previous earnings and when he does that he will lose even more money as a result of his decisions.

In my own opinion, it was not about luck, if the trader or the person is really good at marketing or they knew how to trade properly then it was very easy to earn profit and take advantage of the current situation.
member
Activity: 490
Merit: 14
August 17, 2018, 08:18:56 PM
Keberanian itu perlu di lakukan ketika suasana agak goyang..membeli koin selagi orang khawatir dengan situasi limbung ..orang menganggap itu proses gagal tp jika harga naik anda berhasil
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
August 17, 2018, 05:40:20 PM
a friend is investing dollars and euro. but he is making so many funny moves that he really earns very little. another friend earn much more thanks to his courage even though he does not know the market well.
Your friend is just lucky, it is true that you need guts in order to be an investor but that is not enough you need to have knowledge because once the luck runs out and your friend begins to lose money it is likely he is going to take even greater risks trying to keep his previous earnings and when he does that he will lose even more money as a result of his decisions.
member
Activity: 585
Merit: 33
Rasputin Party Mansion
August 17, 2018, 05:19:22 PM
Let's say that doing the opposite of what the market does is a strategy that works only if it is implemented at the right time.
That is, if you can get out of a positive trend before it changes direction.
Otherwise, it's just stupid.
full member
Activity: 378
Merit: 100
I LOVE ADABS
August 17, 2018, 04:52:03 PM
What's Mr. Warren Buffet said that's true and that's very basic I think that's a pretty good strategy for us to use.

Speculation's a market psychology forecasting activity which's accompanied by a purchase in the form of assets that have a fluctuations value. Speculation motives are the same as investing or gambling, which is to seek profits. Well, speculation is an investment or gambling activity characterized by having a high degree of risk but will give you high returns.

Investing into cryptocurrency is very risky and it was  normal for the market price to fluctuate since bitcoins and altcoins is volatile but cryptocurrency is still a good investment and all you need is patience in order to earn profit.
full member
Activity: 602
Merit: 118
August 17, 2018, 04:34:43 PM
What's Mr. Warren Buffet said that's true and that's very basic I think that's a pretty good strategy for us to use.

Speculation's a market psychology forecasting activity which's accompanied by a purchase in the form of assets that have a fluctuations value. Speculation motives are the same as investing or gambling, which is to seek profits. Well, speculation is an investment or gambling activity characterized by having a high degree of risk but will give you high returns.
member
Activity: 336
Merit: 10
August 17, 2018, 03:36:43 PM
Ok, I really wanna say lots of thing about this topic but I don’t know were to start in. So let's start what Mr buffet quote is. I know he is very intelligent man and the second richest man in this whole world and its also very truth that he leads a very simple life though he has tons and tons of money he is also a very good vision in business sector and he taught us that be greedy when others are fearful if he says this there must be a reason on that we are really don’t know this market as Mr buffet see this marketplace as well. So I don’t think there are any more reason to deny his quote. There must be some different opinion will be there in this place and about this topic but I think he is right.
full member
Activity: 364
Merit: 100
August 16, 2018, 02:18:08 PM
I think he means a long-term investment. if we consider in this context, then of course bitcoin has to do with this saying. since buying bitcoin, when others are afraid more than once helped other investors to get rich, and Vice versa, to sell bitcoin, when others greedily buy it, a great strategy that saved people in December 2017
sr. member
Activity: 980
Merit: 255
August 16, 2018, 01:37:20 PM
Many big players follow this principle in their business which ever it may be and if people start following this in their life as well then definitely we would not have this much fall in prices of the crypto so quickly as things dips more due to the panic selling as well and not buying during the dip time.

That is not the way it works, if everyone decided to follow the advice of Warren Buffett then the advice will become ineffective and doing the opposite will become effective, remember you cannot become successful doing what everyone else is doing, you need to follow your own path, that does not mean that you need to reinvent the wheel, but you need to do something different otherwise your results will be the same as the results that everyone else gets.
full member
Activity: 476
Merit: 100
www.daxico.com
August 16, 2018, 01:04:18 PM
One of famous quote of one of the riches man on earth (Warren Buffet) and thus found out being greedy while others are fearful can give you a very good profit when the right time of selling it will come.
sr. member
Activity: 532
Merit: 250
August 16, 2018, 01:00:39 PM
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.
I agree of that. Every one need to workhard to get income to use in there daily life. Yes you are free whatever you want even greedy and fearful cause life goes on and the worlds are continues running you need to survive and to become successful in the future.
legendary
Activity: 2044
Merit: 1115
★777Coin.com★ Fun BTC Casino!
August 16, 2018, 12:39:14 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 you are on a forum that's bitcoin related and saying that you shouldn't buy bitcoins because it's speculative, that's completely wrong of you. Bitcoin is based on the rarity of coins as the maximum amount of coins that anyone can mine is 21 million and there are quiet a lot of people more than that so every person will not be able to get a complete bitcoin. So when everyone will come to know about bitcoin then the price will be at that stage that everyone of us holding more than 1 bitcoin will be multi millionaires.

Funny about how I post bitcoin-related thoughts on a bitcoin-themed forum, right? Or did you think the only purpose of this forum was to be an unquestioning echo chamber of hype? It is without a doubt that Bitcoin's value does not come from rarity and comes exclusively from speculation. When people buy Bitcoin, it's not because it's rare, because essentially it is not. You have no trouble at all buying as much Bitcoin as you want, there's no shortage of sellers. You're confusing a finite supply with actual rarity. People buying Bitcoin are speculating that because of the finite supply, some day it will be worth more than it is today. That's 100% speculation, based on the thesis that overall demand might one day render it rare and therefore more valuable. You can't call that anything other than speculation.

Expecting that because you bought a bitcoin, someday you will be a millionaire is just silly.
member
Activity: 364
Merit: 10
August 16, 2018, 12:09:50 PM
There are lots of quotes out there and many quotes are still pending you the reason what the reason behind that just because that people are not as famous as mr buffet. So if he says something that is for sure he must see something in this topic for that reason he is giving that quote I m really admire him a good and perfect entrapper. He is the 2nd richest person in this whole globe. So I don’t think there is any more reason to deny his quote. There must be some different opinion will be there in this place and about this topic but I think he is right.
full member
Activity: 364
Merit: 100
August 15, 2018, 11:57:37 PM
In my opinion when all the other fell fear and you are not like them then it is the key to success for you and soon they will see you on the top while if you want to be rich in the world then you should be greedy when the other are fearful and do your best to go ahead in the business ans investment and make your mind for the long term investment.
full member
Activity: 327
Merit: 100
Open and Transparent Science Powered By Blockchain
August 15, 2018, 11:36:28 AM
I can be really, but usually I can not control that affect because while I am training or buying cryptocurrency I am trying to do my best and my maximum and very often it leads me to drastic losses.
member
Activity: 132
Merit: 10
August 15, 2018, 10:50:31 AM
It's the right investment idea to be greedy when others are afraid, but when others are greedy, you should be afraid.

hero member
Activity: 1190
Merit: 500
August 15, 2018, 10:06:42 AM
In the encrypted market if you greed you will die, so set a clear clear goal so it will be better for you.
I think being greedy is unethical irrational but I think it is economical. It is economical that you are taking the chance to buy from those who think that they are in a lost. But it is unethical and irrational when you are trying stole the property of others that they work form
I think users will not see it irrational or not when opportunities come and others think differently is not a problem, each user has their own perception and it is built from their knowledge and skills, when people think that cutlose is the right thing and I think buy be better, is that wrong?
newbie
Activity: 54
Merit: 0
August 15, 2018, 08:52:35 AM
Hmmm, so much to ponder about here. But is every Bitcoin investor actually a speculator?
hero member
Activity: 1302
Merit: 503
August 15, 2018, 08:50:19 AM
Fearful and greedy is a disease of trader and investor that will only lead to loss. So according to me better do your research beforehand and do not involve emotion in investing or trading.

I agree, because when you involve emotion in investment or trading there is a possibility for you to lost your money, that is the reason why we don't need to be panic. I think being greedy is not good.
- More precisely, what we need is to eliminate panic or restrict it to the lowest level in all situations, do not act based on fear, it's just an act of evading reality and to accept defeat, need to use knowledge and capacity to solve problems. Turning back to issues related to fear and greed, this topic also says some things are true, it is the escape route that always lies in the moment of birth and death, sometimes greed and recklessness will bring good results but these are just theoretical, it is not realistic and should not be applied to investment or trading
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