These quotes are from a "somewhat" successful real estate investor in 2012. Let us see if his quotes fit into the world of Crypto Investing today.
- Quote #1
Real Estate Quote: “Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.”
CRYPTO Translation: Cryptocurrencies wild fluctuations are your friend they give new investors the opportunity to buy into markets at the lows.
- Quote #2
Real Estate Quote: “ Only when the tide goes out do you discover who’s been swimming naked.”
CRYPTO Translation: Only people investing more than they can afford to tend to sell in a down market.
- Quote #3
Real Estate Quote: “Our favorite holding period is forever.”
CRYPTO Translation: To build true long-term wealth, you must buy and HODL!
- Quote #4
Real Estate Quote: “Risk comes from not knowing what you’re doing.”
CRYPTO Translation: Risk comes from putting your crypto on centralized exchanges and not in a wallet you have the private keys for.
- Quote #5
Real Estate Quote: “I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.”
CRYPTO Translation: Now’s the time to buy. In crypto and life, it’s almost always best to act opposite to the herd.
- Quote #6
Real Estate Quote: Today’s market fluctuations are your friend because they’ve scared off your competition and because the fluctuations have created a flood of motivated sellers.
“Wide diversification is only required when investors do not understand what they are doing.”
CRYPTO Translation: Naive people are putting their money into stocks, bonds, and savings accounts right now. Smart people continue to invest in Crypto, and they’re picking up more bargains than ever.
- Quote #7
Real Estate Quote: “Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.”
CRYPTO Translation: If you’re concerned that you cannot sell for full value, then buy lower – at about 60% of value – and sell lower – at about 90% of value.
- Quote #8
Real Estate Quote: “We will reject interesting opportunities rather than over-leverage our balance sheet.”
CRYPTO Translation: Sometimes the best Crypto deals are the ones you don’t make. Look at that ICO VERY carefully before you buy!
- Quote #9
Real Estate Quote: “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
CRYPTO Translation: It’s far better to buy a great coin at a fair price than a crap coin at a bargain.
- Quote #10
Real Estate Quote: “A public-opinion poll is no substitute for thought.”
CRYPTO Translation: Most People think that now is a risky time to get into Crypto Do they know more than you? Most likely not. Only a handful know the specific techniques for profiting in crypto markets. Because most read articles like this, join signal groups, subscribe to twitter TA "Professionals" and Youtubers with the most subscribers. They panic sell to USDT at the first sign of a drop or when anyone sells them FUD.
- Quote #11
Real Estate Quote: “The most important quality for an investor is temperament, not intellect… You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.”
CRYPTO Translation: Don’t worry what the masses are doing. Follow the advice of successful crypto investors, and use their techniques to profit in today’s market.
- Quote #12
Real Estate Quote: “You ought to be able to explain why you’re taking the job you’re taking, why you’re making the investment you’re making, or whatever it may be. And if it can’t stand applying pencil to paper, you’d better think it through some more. And if you can’t write an intelligent answer to those questions, don’t do it.”
CRYPTO Translation: If you can't explain why your buying into a project to someone else.. You shouldn't buy into it.
- Quote #13
Real Estate Quote: “I like my life. I’ve arranged my life so that I can do what I want.”
CRYPTO Translation: Remember, that’s what crypto investing is all about. Arranging your life so that you can do what you want to do when you want to do it.
In case you have not already figured out the somewhat successful investor's name.
It's Warren Buffett.
Source for 2012 Real Estate Quotes
