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Author Topic: Is holding bitcoin Greedy?  (Read 5413 times)
shamzblueworld
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November 04, 2017, 04:40:31 PM
 #1

Most people now with the rise of bitcoin value, just want to hold bitcoin for as long as they can so that they can maximize their worth. But isn't it a little too greedy to just keep holding bitcoin?
We've all read that story in the school with the moral "Greed is a Curse".
So what if too much greed in bitcoin may backfire? What if, the hodlers end up with nothing?
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November 04, 2017, 04:48:40 PM
 #2

I believe greed has a moral consequence that needs to be assess, meaning is your act of holding bitcoin coming at the expense of others?

People save money, therefore hold money, to spend on things in the future. The concept of investing is built around the idea that a dollar invested is worth tomorrow than it is today. Is this greed? I don't think so.

I think greed needs to come with a negative consequence. What do you think?

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November 04, 2017, 04:51:00 PM
 #3

It's just being smart about what you have right now, same as investing into established assets like gold, precious metals, real estate, stocks and the likes. Institutional investors might disagree with you on this thing since they try to maximize their wealth for better living and to ensure that they will live their life to the fullest. Being greedy is wanting all that you obviously don't have and shouldn't have, but trying to maximize anything that you have possession with to reward you with greater value is being smart IMO.

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November 04, 2017, 04:51:42 PM
 #4

i don't think this is a greedy behavior because some of people want to hold it until another folk coming
and some people is a true fans in bitcoin ,

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Catmony
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November 04, 2017, 04:58:19 PM
 #5

Bitcoin is still undervalued so its price can go anywhere over $100k in next decade or so if there will be no any catastrophic event till than.
However just holding bitcoin for long term might not give you the same amount which you can make by actively trading them during large pumps and dumps but it is quite hard to learn how to guess perfect get in and exit points.

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November 04, 2017, 05:15:20 PM
 #6

Bitcoin is still undervalued so its price can go anywhere over $100k in next decade or so if there will be no any catastrophic event till than.
However just holding bitcoin for long term might not give you the same amount which you can make by actively trading them during large pumps and dumps but it is quite hard to learn how to guess perfect get in and exit points.

What does this have to do with greed? Please stop spam posting.



If holding is greedy, the counterbalance would be if charity. Giving something away for those less fortunate. It doesn't have to be giving your bitcoin away, but you could give anything away that will help others and balance your greed for bitcoin with your charity of other things.

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November 04, 2017, 05:17:30 PM
 #7

What?are you out of your mind?such a bullshit post

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November 04, 2017, 05:21:44 PM
 #8

Most people now with the rise of bitcoin value, just want to hold bitcoin for as long as they can so that they can maximize their worth. But isn't it a little too greedy to just keep holding bitcoin?
We've all read that story in the school with the moral "Greed is a Curse".
So what if too much greed in bitcoin may backfire? What if, the hodlers end up with nothing?

Holding is smart. I wouldn't call it greed.
The cryptocurrency ecosystem is in development. Once it's fully functioning you will be able to pay your bills using cryptocurrencies, buy a car in a dealership, order anything you want from online stores, and more. If somebody is holding and waiting for it to happen I'd call him a cryptocurrency supporter and if there's a bit of greed driving him, great! Greed is good Wink

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November 04, 2017, 05:24:33 PM
 #9

No.Not really.One will hold bitcoin to get a profit.The price may keep rising and reducing. He has the right to hold bitcoin until he gets a certain profit he wants.It's not greedy.It's wise.

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November 04, 2017, 05:26:03 PM
 #10

It is really up to your point of view in handling bitcoin because if you know how to handle things like holding bitcoin even the market is already high is still alright because that is not that greedy because you are aware of the risk and you know how to deal with it so it is not that greediness.

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November 04, 2017, 05:26:10 PM
 #11

Holding bitcoin is an investment .. Its like holding shares of a guaranteed company..  

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November 04, 2017, 05:35:40 PM
 #12

I think it's not being greedy for I have a right to hold it. I earned it with my patience and my perseverance so why it would be greedy? If you get it without any conflict with other people and if you don't oppress anyone it's not a bad thing and keeping a bitcoin for a long period of time is not permanent you can call it an investment but not greed. And holding it for a long time is a good move because it can increase its value so you can sell it at the right time I think it is wrong to call it greedy because I or We put a lot of lots of hard work to earn it.


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November 04, 2017, 05:39:26 PM
 #13

Whether it is greed or not depends on your point of view. To me, holding BTC is an investment and I am pretty fine with it.

However I do know some religions disallow gambling due to greed. Investment should fall in gambling category.

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November 04, 2017, 05:42:59 PM
 #14

It will be hard to hold onto Bitcoin when the big investors of Wall street starts to throw their weight around. I predict a future

where only super rich investors will own bitcoins. How many poor or middle class people would be able to resist selling, when

the price reach $100 000 per bitcoin? We hodl, because we know it push up the price, but at one stage you will have to sell to

make a profit.  Roll Eyes

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November 04, 2017, 05:44:33 PM
 #15

I don't see why holding bitcoin is greedy. This is business and not being greedy will leaves you with no profits. To invest in bitcoin means to buy an amount of bitcoin and hold it then use it later when it's more valuable. Don't think too much about other people because they wouldn't even think about you if you were at their place.

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November 04, 2017, 05:45:15 PM
 #16

I think Bitcoin's greed can make you lose a lot of things. In contrast, if you are not greedy, if you know to save and keep it in the long run, you will get a lot of profit. Basically everyone has greed, but only some people can control it. Bitcoin is not greedy, it teaches us how to use and save money efficiently


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November 04, 2017, 05:54:48 PM
 #17

Holding bitcoin , it's not about greedy its about holding their position strongly in future. They know that bitcoin will bring their own goal and also believe in bitcoin . So i think that's the reason of holding bitcoin  Smiley .

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November 04, 2017, 06:05:54 PM
 #18

Most people now with the rise of bitcoin value, just want to hold bitcoin for as long as they can so that they can maximize their worth. But isn't it a little too greedy to just keep holding bitcoin?
We've all read that story in the school with the moral "Greed is a Curse".
So what if too much greed in bitcoin may backfire? What if, the hodlers end up with nothing?

Well u should always sell a bit now and then the price peaks  just encase the worst happens

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jak3
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November 04, 2017, 06:19:17 PM
 #19

Honestly, I believe where we should save 40% of our earnings and should use those earning to develop our self. Like if you are a programmer then you should save your money to buy a more powerful computer. It's like investing your money into the future, so you can make more money from it.


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farhaan
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November 04, 2017, 06:22:12 PM
 #20

Greediness is that which we expect beyond the limit and feeling unsatisfied with the present blessing.But bitcoin is a currency which is ever growing in price and there is nothing greedy in just holding it with the expectation that it would increase in price.

A greed person is one who is just concerned about him only and overlooks others needs.I don't think that buying a bitcoin with our hard earned money and just holding it for rise in value could be termed as greed by any way.



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