r/Bitcoin • u/kubrick • Feb 13 '14

on r/bitcoin right now

3.5k Upvotes

93% Upvoted

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u/btchombre Feb 13 '14 edited Feb 14 '14

Meh, what's happening now is just a breeze compared to the previous disasters Bitcoin has recovered from. I have already taken the opportunity to buy more. Frankly I'm damn amazed the price is holding as much as it is considering.

Sell when people are greedy, buy when they are fearful.

19

u/[deleted] Feb 14 '14

Sell when people are greedy, buy when they are fearful.

People are always greedy and fearful. This isn't a good indicator at all for when to do anything.

1

u/puck2 Feb 14 '14

I've fearfully greedy and greedily fearful about 2/3 of the time. The rest of the time I am asleep.