Warren Buffetts greatest investment advice "Be fearful when others are greedy, be greedy when others are fearful" Warren Buffett.
It seems since the start of this year bitcoin has been nose diving with a few attempts to go back up. Panic selling has stepped in but for those of us that have been here for a long while know this happens and we are still up over 600% from a year ago.
To me all the start of this year has been fueled with FUD and fears are heavy its time to get greedy!! Bitcoin for low cost.
While prices still look like they will continue to drip from time to time there are positive things about to hit bitcoin finally which are sure to start driving prices again.
Also a call to all entrepreneurs there are now methods to take bitcoin, Litecoin and Ethereum on your sites consider adding it as a payment method if you have not already!
Can you imagine if Buffet comes out on TV and starts saying he's into cryptos now? That would surely send us higher.
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https://www.cnbc.com/2018/01/10/buffett-says-cyrptocurrencies-will-almost-certainly-end-badly.html
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Right... For someone who is notorious for not getting involved in sectors he doesn't understand, Buffett surely likes to point to a direction.
Cryptos certainly upset many of the traditionalists (Buffett included).
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That would be EPIC and heck might very well happen one day
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This quote from Buffet should be a basic for everyone involved into trading and investments.
The hard part is to manage our emotions in an efficient way: selling when the price is going up exponentially isn't always easy
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Defiantly, although I can't say that holding and then watching the price go back down is really any better...
My fix is usually to sell a most (probably 4/5) once I think it's the best time to sell and then hold on to the last bit indefinitly.
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Awesome quote. As there seems to be a bunch of fear and panic in the recent little while with Bitcoin and almost all things crypto, I have been using some of my spare dough to fill up my bags. If things don't work out I'll be a little frustrated, but I won't be broken...on the other hand...if the Cryptoverse does what I think it most likely will do, blockchain is going to be all over the place and there will be a growing buzz over ICOs and the SEC. HODL on tight! Respect
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I think we still have a longer way to drop. Tax season is coming up and the IRS is making it well known that they will be going after crypto traders. The result will be that many traders will need to sell some of their positions to cover their tax bills. The volume of sell orders will drive the price lower. I plan on waiting until the end of April to make some moves.... we'll see if my predictions pay off.
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Very good point. I've put aside some money for my taxes (which I'm doing tomorrow) and hopefully the end of April will bring some nice movement. Thanks for the insight! Respect
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This 'dip' is just because so many people invested late last year when the price was rising because of 'FOMO' and then all started selling again when the price dipped and realised it wasnt like printing money.
I think we are near the bottom of the dip now
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Hey!
I like your post, I will follow !
Useful information about the day opening price, For all current and future readers.
Today's date 17/03/2018:
Bitcoin: 8509$
Ethereum: 612$
Ripple: 0,70$
Bitcoin Cash: 998$
Litecoin: 168$
NEO: 66$
Cardano: 0,18$
Stellar: 0,24$
EOS: 5,2$
Monero: 220$
Have a good day everyone!
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This statement of warren Buffett is really meaningful.Wonderful words it is!!
Buy low sell high This is the great mantra of crypto @bitcoinflood :)
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Thank you sir please keep updated with latest updates and now this time btc is going down, when will it rise...
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You got a 2.27% upvote from @postpromoter courtesy of @bitcoinflood!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
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This is wise enough
Thanks@bitcoinflood
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Excellent post! Well I've risked buying bicoin! They are there that is what matters ... They will rise @bitcoinflood
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Wise words from a wise men, definility you make money when everybody thinks not, they sell you buy, the majority only buys when everyone buys and have higher risk to buy in a high price
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Yes!
I'm Ready! 😁😁😁
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Buy low sell high, my friend! Don't let your emotions shadow your logic! 👍
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There are lots of weak hands to get shaken out. Essentially all the people who invested in crypto in the last year have never seen a real pullback/correction. Sure there have been some dips but nothing that was sustained.
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I wonder if Warrn Buffect invested in Bitcoin? If he is smart, he should have.
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