Topic: Be greedy when others are fearful... - page 8. (Read 1422 times)
To some extent this is the right advice, if you do not try to buy more, you can lose everything.
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.
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.
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.
Well, I wouldn't say greedy, but I think that the more appropriate word is tactical. When the market is not doing good, and everybody is fearful, a true investor should try to look at the good side and be tactical about his movements, especially in the cryptocurrency market. Since the prices of many assets and coins are going down, it's the best time to buy and invest, since you can get a good amount of coins while not using up too much money. Having said, that could be a really good move in order to maximize one's investment, but you need to really be brave because it's just too hard to look at the good side while everything is in ruins.
It seems very true when other people are afraid of something that we can become greedy and dare to take risks. take the risk and wait till you gain what you deserve because of it, I think you really should take advantage of it because sooner or later crypto would recover.
It indirectly depicts the presence of incentives and opportunities to invest in the crypto market because of the low prices and some people might not participate in the investment because they might fear they would loose their money. This is a smart thought and one should be smart in the market to make big money. The down prices give you the advantage of claiming a big margin of profit when the market recovers. So if the scenario is that, and if it can rise your value, be greedy. 
Well, I'd have to agree. Basically don't be a bandwagon person. I myself have to know this lesson the hard way. Never invest on something that you have never studied on. Take into consideration what analysts or speculations say but always take it with a grain of salt. Never accepy it on face value but fact check.
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.
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.
Investing but do not know the market but still get profits then it is a factor of luck. To invest in this way, the rate of failure is just time.
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.
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.
Sometimes we need to be greed, so that we can achieve our goals in lifes. Especially when we are dealing with our investment in crypto currencies. But we have to be careful also for our greed, because to much greed can also lead us to lose our money. So we have put a limitations to our greediness.
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.
That is normal if Warren Buffet only invests in which he has fundamental understanding of certain thing. We can see that some of bitcoin investors are probably do not understand well what actually they invest or even they just following others so that they have a little knowledge about it. Warren probably do not want to take risky of their investment, it is a humanity. However, we should not be influenced of his words. Just believe with what we do and keep learning.
I got your point but I beg to disagree. In crypto investment too, a key factor towards making the desirable times 10 profit requires some amount of greed and may I quickly add that, not investors speculate, some of us dig down to study a project and after conviction, we can go a long way trusting our research and intuition which is similar to what Buffet does.
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'm trying to be careful with my greed, because very often is leads me into a bad place when I just lose my money that I have earned with a hard work, lol. So I would better be careful than greedy.
Buffet quote is quite reasonable, being greedy when others are fearful is a wise strategic decision that require an individual with adequate knowledge, It is always wise not to follow the crowd. Now is the best time to keep investing, not minding the panic in the atmosphere.
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.
It seems very true when other people are afraid of something that we can become greedy and dare to take risks. take the risk and wait till you gain what you deserve because of it, I think you really should take advantage of it because sooner or later crypto would recover.
But to buy at falling time needs lots of other calculations compared to being greedy while rising markets. I guess it may not possible without some knowledge on predicting the turning points of the markets. I guess it may become a practice but need some more time to understand the essential of this strategy.As much as we can see buying to happen in a day or more time frames, we can also see accumulation in fewer time frames. However, with the volatility of the market, sometimes, it is always best to stay relaxed than expecting something to be a buying price level and then seeing a fake beak out. Most times, the volume on break out is always the easiest way to detect anyway.
I was a big fan of Warren Buffet some times back but unfortunately I had failed to predict about the futures of cryptos and especially bitcoins which may be the reason I am always hesitating to follow his golden words in real life and more particularly in my trading.
It seems very true when other people are afraid of something that we can become greedy and dare to take risks. take the risk and wait till you gain what you deserve because of it, I think you really should take advantage of it because sooner or later crypto would recover.
I think you are free to be greedy and fearful as you wish, the world is a machine that must keep going without pause, the earth is stronger. Because it's so normal, the world is freedom and competition that everyone needs to work hard to get what they want
The quote is apt in the market's current scenario not for the world in general. If we start talking about moral science then this could go on forever but that not what is meant in this line. What it means is that while the despair is going on in the market the wise people would extract more coins at the low price for future holding and selling in the bull market.
A low price of a coin does not mean a bad condition always - people are selling - let them sell. We can capitalize of their "fear" to buy more for our "gains".
I think you are free to be greedy and fearful as you wish, the world is a machine that must keep going without pause, the earth is stronger. Because it's so normal, the world is freedom and competition that everyone needs to work hard to get what they want
Buffet quote is quite reasonable, being greedy when others are fearful is a wise strategic decision that require an individual with adequate knowledge, It is always wise not to follow the crowd. Now is the best time to keep investing, not minding the panic in the atmosphere.
Following the crowd will get you nowhere, it is possible that not following the crowd will led you nowhere as well but at least you are trying something different, all of those that bought at the end of December and then sold losing money were just followers, whales and speculators took their money as if they were taking a candy from a baby and now they lost an incredible amount of capital in just a few months and now they are afraid to enter the market again when it is precisely at this moment when they should buy. Jump to: