Be greedy when others are fearful... - page 9.

PETES

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Quote from: digitalgame4life on August 05, 2018, 11:40:04 AM

Being greedy while others are fearfull is very very overrated, this applied a few times with cryptocurencies last year, however this year and the market as of now is very different and being greedy while others are fearfull totally dont match the sentiment now, nobody is putting in tons of money in something that gives them losses, how many times were you truly greedy when others wetr fearfull?
Exactly, so as long as the market is not heading into a good direction you will keep losing your money.

But the fact remains that you'll lose when the moment you sell. So even market isn't ready yet to go to our favorable side and as long as you hold you didn't still lose and the thing is you still believe in your coins.

Agree with OP's quote yet I don't agree in being greedy as it better suits in those whales and not us. Better be just taking the advantage while everyone is fearful, like buy all their coins and just hold.

Menawi12

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Quote from: jaysabi on July 24, 2018, 02:38:47 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

I am agree with this quote. Mostly when peoples greedy, they dont use rational calculation and just want to buy and its happen when peoples fear. When peoples fearful, they just want to dump and trying saving a penny. I think the most important thing on any market is always be rational and not panic in any circumstance

CarnagexD

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Quote from: kenzruiz on July 25, 2018, 12:55:02 AM

Quote from: Slash61 on July 24, 2018, 05:46:00 PM

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.

In this world we need to take advantage of all things, as early as now we need to invest for the future, many people hesitating in terms of investing because of fear, we need to think that everything have a consequences, on my opinion when you are expert or have a knowledge about investing money dont hesitate to invest, You need to bet, dont lose the opportunity trust yourself to be a succesful in the end.

Crypto investment involved Risk factors in the market, you may loss your investment and gain more profits from short term or long term investment. one should note all consideration upon investment, like the fundamentals, market structures, the trend, market movement, market stability by specific coin as posted in the market. some other investors traders just follow the simple principle "buy low and sell low". Patient is the Key and Timing is the most important factors to consider in investment. Now is the good time to invest when the price is Low.

Sarastiche

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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.

BartS

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Quote from: Naughty Princess on August 04, 2018, 04:50:27 PM

Indeed. Newbies think that it is an instant way to get rich not knowing that those people who claim rich today worked for the long time and hold the coins until it gain good profit. They work hard and knowledgeable who to used their money in useful way that they can earn from. Scammer comes near to those who have enough knowledge and easily put their money away because of promising good amount in return but never going to happen.

People only see the end results and that is what they want to emulate not realizing there were many steps the person need it to take in order to reach that level of wealth, most people that have lots of bitcoin in the forum have been here for years and have worked hard for them or took huge risks when it was not a sure thing that bitcoin will survive, so people need to learn to separate their fantasies from what they can actually achieve in a determined amount of time.

posi

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Quote from: digitalgame4life on August 05, 2018, 11:40:04 AM

Being greedy while others are fearfull is very very overrated, this applied a few times with cryptocurencies last year, however this year and the market as of now is very different and being greedy while others are fearfull totally dont match the sentiment now, nobody is putting in tons of money in something that gives them losses, how many times were you truly greedy when others wetr fearfull?
Exactly, so as long as the market is not heading into a good direction you will keep losing your money.

I agree with the Warren Buffet quote posted by OP but I totally disagree with what you said about crypto currency investment because no long time investors have ever lost his/her money when invested into Bitcoin when others are fearful. However, I don't know why youvguys believes that every lost in cryptocurrency market cannot be amend.

Dread Pirate Roberts

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Bitcoin is money . and we should not playing or gambling our money for safety trading . choose the act of buying and selling not based entirely on gambling. more closely following the market market trend is far more safe and profitable than gambling and only hopes for the price. indeed crypto complicated. need good experience and analysis.

digitalgame4life

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Being greedy while others are fearfull is very very overrated, this applied a few times with cryptocurencies last year, however this year and the market as of now is very different and being greedy while others are fearfull totally dont match the sentiment now, nobody is putting in tons of money in something that gives them losses, how many times were you truly greedy when others were fearfull?
Exactly, so as long as the market is not heading into a good direction you will keep losing your money.

robbietobby

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I think this quote refers to manipulation of monetary in terms of taking the risk. There's a lot of cruelty and greediness in this world of crypto. We better watch out for those greedy managers or head, especially in staking or mining. Well, however, investing is great generally when it comes to mining.

Tynovten_

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Maybe it needs detail explanation. This just like that people do if want to see the panic on market some people are ready to buy in low price. This using if you understand when the decrease end. But greed that too much make you lost the chance.

iamsheikhadil

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It obviously makes sense to be greedy when others are in panic in crypto market Tongue

The price volatility is proportional to panic, FUDs, FOMOs and so many Cheesy

so when others are in panic and dump the price will drop for a slight moment only to recover and boost again. When others are in greed then there will be a dump right after they collect their potential profits. Patience is the key and it's also based on psychology

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Binmado on August 04, 2018, 09:53:14 AM

Yes, only greed motivates us to work, and greed will partly help us gain the patience to wait.

What motivates you to work is your stomach and your liability towards your family. Greed makes you lose control over your mind in the hunt for making more money. What you might make from your daily work might make you feel bad at times because you could only earn that much and not more. Dont let greed take over your mind because it will kill you.

Be patient during this bear market and keep an eye on the movements happening. The sell pressure will stop at one time - which is when you should place buy orders. That is the time to re-enter the bitcoin market.

ethereumhunter

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Quote from: Marcsymon on August 04, 2018, 02:08:45 PM

Quote from: websoftwareengineer on August 04, 2018, 11:30:42 AM

Quote from: destiny100% on July 31, 2018, 05:14:13 PM

In order to do this, you have to have a lot of money. Personally I do not have much money so I will not do this. I only invest in the trend of the market.

I like the idea of being greedy when the market prices are dropping because in this way i can hoard more coins which gives more profit when the market prices goes back to normal.

It is true that to be greedy will put ourself to come up with a big profit because we will not be able to gamble our stocks in red market. It is a good idea of having set profit to earn and always think to hit the target for profitable results.

maybe greedy can help us to make a big profit especially if we know that the market will still increase at some level of price. but besides of greedy, we need to always be careful when the market is dropping because the price does not always bounce up so you can get your profit in a fast way but you need to wait for a while. I have the experience for being greedy and unfortunately, I cannot make a big profit because I miss something and makes me get 30% from the 65% of actual profit that I might get if I don't miss something.

Naughty Princess

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Quote from: BartS on August 02, 2018, 03:24:14 PM

Quote from: Greed Dev on July 28, 2018, 03:32:13 PM

Everyone has their own investment choices. But most of the investors in this market are always greedy. The only newbie feels scared when prices start dropping. But I believe that once they know about the crypto market, they will certainly become greedy just like us

Being greedy in this market and without any knowledge about how this market works is precisely the reason why many newbies lose their money to scammers, it is easy to think you are going to make a fortune in this market but to actually do it is a lot more difficult, most of the people that became successful in this market did it by working very hard and holding their coins for years, they were realistic about what they could get and now are enjoying their good results while newbies want to get rich in a matter of weeks and that is not going to happen.

Indeed. Newbies think that it is an instant way to get rich not knowing that those people who claim rich today worked for the long time and hold the coins until it gain good profit. They work hard and knowledgeable who to used their money in useful way that they can earn from. Scammer comes near to those who have enough knowledge and easily put their money away because of promising good amount in return but never going to happen.

sergiom

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Thank you very much for your advisors, I appreciate that. But I can say you that I will do those things and think that way only after I will gain something significant and what I can feel here. Because right now money is having a value in my eyes.

Marcsymon

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Quote from: websoftwareengineer on August 04, 2018, 11:30:42 AM

Quote from: destiny100% on July 31, 2018, 05:14:13 PM

In order to do this, you have to have a lot of money. Personally I do not have much money so I will not do this. I only invest in the trend of the market.

I like the idea of being greedy when the market prices are dropping because in this way i can hoard more coins which gives more profit when the market prices goes back to normal.

It is true that to be greedy will put ourself to come up with a big profit because we will not be able to gamble our stocks in red market. It is a good idea of having set profit to earn and always think to hit the target for profitable results.

tylerderden

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Quote from: jaysabi on July 24, 2018, 02:38:47 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.

websoftwareengineer

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Quote from: destiny100% on July 31, 2018, 05:14:13 PM

In order to do this, you have to have a lot of money. Personally I do not have much money so I will not do this. I only invest in the trend of the market.

I like the idea of being greedy when the market prices are dropping because in this way i can hoard more coins which gives more profit when the market prices goes back to normal.

carlisle1

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Talking about warren buffet this is purely greediness .

But sorry i dont buy the words of advice if that damn person will tell us

Not everyone can become rich because only few are gifted to become this and some will continuously remain as simple and normal living

Binmado

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Yes, only greed motivates us to work, and greed will partly help us gain the patience to wait.

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