139 upvotes, 4 direct replies (showing 4)
View submission: Don't invest recklessly
Couple of my favorite investing quotes:
Bulls make money. Bears make money. Pigs get slaughtered.
Be fearful when others are greedy, and greedy when others are fearful.
Comment by [deleted] at 30/11/2017 at 04:43 UTC
49 upvotes, 1 direct replies
Yea, good quote. I’m always broke when everyone is fearful, so I can’t capitalize. Life is long, tho
Comment by LeeWallis at 30/11/2017 at 08:16 UTC
25 upvotes, 4 direct replies
Genuine question... would you consider right now that people are greedy or fearful? I seriously can’t tell. Everyone is shouting the sky is falling and Bitcoin will burst but I also see the price rising. What do you think?
Comment by [deleted] at 08/12/2017 at 14:19 UTC
2 upvotes, 1 direct replies
Be fearful when others are greedy, and greedy when others are fearful.
Don't those two go hand in hand? I mean at the moment there must be a lot of fear that BTC could collapse, but there's simultaneously a lot of greed. So what do you do. Some are fearful, others are greedy. I think your quote's first line makes more sense. Or to put it another way, greed is good, but not too much greed.
Comment by RadarG at 11/12/2017 at 20:13 UTC
1 upvotes, 0 direct replies
The problem with bitcoin investing is that the true bitcoin followers are greedy thinking they can 10x thier money while Joe Smoe in poduck is full of fear.