Crypto Markets

The cryptocurrency market is a wild world where pseudonymous influencers make headlines for faking out journalists, and fake news of such nature can have a dramatic impact on price action.

The speculative asset class is highly susceptible to violent price swings and sharp sentiment changes. Fundamentally, the digital currency market is nothing like stocks, forex, commodities, or any other market before it.

The unusual territory, however, still lends itself well to the meaning behind several of the most impactful financial industry and investing quotes of all time. Understanding the meaning and insight offered through quotes from the likes of Warren Buffett, Charlie Munger, George Soros, and even Benjamin Franklin can help guide investors and traders through the most turbulent times.

The Top Ten Crypto Quotes You Need To Read

Here is a list of the top ten finance and investing quotes that apply to crypto markets, the meaning behind them, and how to heed the advice they are trying to provide – even if the advice isn’t immediately clear.

“The biggest risk of all is not taking one.” —Mellody Hobson

Few quotes apply so well to Bitcoin and cryptocurrencies as this one does. Although these assets are seen as highly speculative and could crash to zero, there is far more risk at this point of not owning any Bitcoin than the risk of owning some. Although you could very well lose money in the investment, if Bitcoin takes off, even a small investment could be life-changing.

“An investment in knowledge pays the best interest.” —Benjamin Franklin

Good old Benjamin Franklin might be best known for his discovery of electricity through lightning, but the American forefather has all kinds of insight to provide todays’ market participants. His quote here is solid advice referencing the value of education. Learning all there is to know about Bitcoin and crypto is the key to choosing the right investments, the right platforms, and more.

“Formal education will make you a living; self-education will make you a fortune.” —Jim Rohn

Following Franklin’s advice, is Jim Rohn, who explains the difference between the types of education out there. Formal education such as college and other paid courses can make you a living and get you started in a career. However, further education that is self-driven and constant will help create true success and fortune.

“A lot of people with high IQs are terrible investors because they’ve got terrible temperaments. You need to keep raw, irrational emotion under control.” —Charlie Munger

Charlie Munger is getting up there in age, but his wisdom is forever valid. This quote speaks to how important emotional control is in markets. For example, Bitcoin recently crashed by 50% and many investors sold at lows. If the cryptocurrency turns around, they will have been shaken out based on fear alone.

“I will tell you how to become rich. Close the doors, be fearful when others are greedy. Be greedy when others are fearful.” —Warren Buffett

In fact, Munger’s partner in crime, Warren Buffett, explains how this sort of emotion can be used to an investor or trader’s advantage. The Oracle of Omaha basically says that if investors are especially greedy, it is time to start searching for where to short Bitcoin. When things get especially frightening, then it is time to load up on coins again.

“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.” —George Soros

George Soros often comes with a negative aura around him, but there is no denying the billionaire knows wealth. In this quote, he highlights the importance of proper risk management, and the use of things like stop loss orders and more.

“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” —Robert Kiyosaki

Rich Dad, Poor Dad author Robert Kiyosaki also offers a similar take, but focuses on how to put money to work for you. Putting money to work in crypto could involve crypto staking, which provides a variable APY return on any coins locked up.

“Show me the charts, and I’ll tell you the news.” —Bernard Baruch

This interesting quote suggests that even things like news can be predicted with a degree of accuracy with technical analysis. The idea is that FUD always seems to appear around a time when an asset is trending, which stops the trend in its tracks technically. This just happened with Bitcoin and its most recent top, which happened to coincide with widespread mining bans in China, FUD from Elon Musk, and much more. It also works with positive news too.

“The four most dangerous words in investing are, it’s different this time.” —Sir John Templeton

Sir John Templeton was an advocate of the idea that history repeats itself. Bitcoin rallies every four years based on the halving, and there is no reason to think this time is different just yet. This means that Bitcoin and the crypto bull run might not be over, even though many think that this time is indeed different.

“The stock market is filled with individuals who know the price of everything, but the value of nothing.” —Phillip Fisher

This really speaks to how wrong market participants could be about Bitcoin currently. The idea that the cryptocurrency has fallen by 50% has fooled investors into thinking that the value is lower, when in fact, it is now significantly undervalued. These investors don’t know the difference between price and value. They can read the price, but not understand the value of the asset itself, which is what this quote implies.

“A bull market is like sex.  It feels best just before it ends.” —Barton Biggs

Last but not least, is a quote from Barton Biggs that will help investors and traders prepare for when the top of the bull market is in. When it arrives, everyone will be so blinded by greed and success, that no one will see it coming. Which is why reversals can be especially devastating.