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Author Topic: Is holding bitcoin Greedy?  (Read 12673 times)
jc89
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November 05, 2017, 10:55:37 AM
 #101

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 bitcoins isn't necessarily considered as a greedy act. It just so happens that people see it as a good investment of their money. For me, I can consider an act of greed is when something is being distributed for everyone as free and someone wants it all or more than what others are getting. Or when someone, for example a politician, who will use the tax money for his personal usage.

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November 05, 2017, 10:56:53 AM
 #102

I think it is not. It is a smart thing to do as many I think will agree here. If you are holding bitcoin since a long time you may opt to make profit now, and if you want to hold longer for me it is normal but some people will think that you are being greedy not getting profit at this time. I personally hold my coins and want to hold even more longer.
Yes I agree to you that holding bitcoin is a smart thing because we can earn a profit while holding it and we can help the price to become strong and not easily to dump it because many people sell their coins that can easily affect the value.

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November 05, 2017, 10:58:48 AM
 #103

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 Bitcoin is sometimes a greedy thing. We can not deny that without greed we may not have Bitcoin.
There is a positive side that we can take and there are some negative side that we can avoid when Holding Bitcoin.
I will continue to try to take advantage of Holding Bitcoin because when we can use it then we can get satisfactory results.

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November 05, 2017, 10:59:30 AM
 #104

If that's the definition of greedy then any money making activity would be, trading alts, join ICO etc. I hodl bitcoin to gain appreciation, not about short term and long term, in a world where crypto might change completely this is way of hedging the risk.

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November 05, 2017, 11:02:20 AM
 #105

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?
No one isn't greedy, people are always foolish before the huge profits that bitcoin brings to them, like them I really also become stupid in front of its value.
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November 05, 2017, 11:02:56 AM
 #106

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 bitcoins isn't necessarily considered as a greedy act. It just so happens that people see it as a good investment of their money. For me, I can consider an act of greed is when something is being distributed for everyone as free and someone wants it all or more than what others are getting. Or when someone, for example a politician, who will use the tax money for his personal usage.

Exactly and even though we all want to be rich from investing in bitcoin and the word rich connotes greed, it is often treated as a definitional problem and not that all rich people are greedy. Greed generally is amassing all for one's own self whiles others get none and i don't think that is what holding bitcoin represents.



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November 05, 2017, 11:04:51 AM
 #107

some people say greedy and some people say smart thinking
if you think that what peoples did is greedy, sell all your bitcoin or half of your bitcooin to me with a lower price..don't be a greedy Cheesy

bitcoin price is very fluctuative..it can be rise $100k or more and sometime it can be down to $500, they're only take advantage from market with smart thinking in a perfect time and a brave speculation.

it's all is up to your goal...do you want take advantage from fluctuative market or do you want to hold your bitcoin and hoping bitcoin will rise?? or you want do both of them..don't forget about the risk too, because I'm sure they keep hold bitcoin with all risk to take too Smiley

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November 05, 2017, 11:10:34 AM
 #108

I think holding Bitcoin is the opposite to greedy you are happy with the amount you have and are holding for a higher price where as trading your looking for more.
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November 05, 2017, 11:37:06 AM
 #109

I just want to hold them until most people except Bitcoin. Very much enjoy using Bitcoin. So Far I have only used it to but a Trezor and a Cryptosteel.
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November 05, 2017, 11:42:00 AM
 #110

No its not. Its just being wise enough knowing that there are more important matter in the future for you to withdraw your bitcoins. Its way better than spending it all to all your desires, so if you think its greediness then so be it who cares, you are just saving it for more necessary stuff in your life

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November 05, 2017, 11:47:53 AM
 #111

Greed will always make us lose, but if you hold with a good calculation, you will still be able to benefit at moments like this. I personally keep bitcoin and do not sell everything, I just sell a few percent of the bitcoin I have and more I hold. If at some point this price will crash, then I'm ready to accept it because I have gotten a good profit with bitcoin I sold before.

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November 05, 2017, 01:43:04 PM
 #112


I don’t believe it at all. Its not greed really but its patience that will pay you in the future and greed would be trading bitcoin for big money without waiting for the time to grow it. See there are many ways of getting greed but there are only few ways of actually implementing your skills of getting this done by having “patience”.


People who store there bitcoin are actually creating real worth because the market get sustained like that having basic market capitalism preserved. That is where whales actually work out. Its big thing that many of them holding the bitcoin.

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November 05, 2017, 01:53:56 PM
 #113

there is nothing wrong if we want to maximize what we have now, the profit or loss it depends on how we see the condition of the market, whether it will be profitable or not. saving it for a long time is the right thing to do to get the expected profit.

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November 05, 2017, 01:54:37 PM
 #114

No, ofcourse not. Blame the people, Because keeping the bitcoin is an interesting thing. Suspended when its value fluctuates abnormally, and this is one of the things I like about bitcoin.

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November 05, 2017, 01:56:15 PM
 #115

I do not think that it is greedy to HODL bitcoin, people all around the world hold different assets in different classes, every human has the right to be able to make investments and hold them until they either reach their goal or desired profit outcome.

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November 05, 2017, 02:08:03 PM
 #116

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?
I think its not, keeping bitcoin is a good idea but not a sin. First of all its yours. And no one has a right to get you own bitcoin.

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November 05, 2017, 02:14:31 PM
 #117

We can't guess the price of Bitcoin all time. It can be high and can be low for some reason. But in this time, price of Bitcoin is increasing rapidly. Holding bitcoin now is best way to earn. If you have hesitation with it, you can go for trading.

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November 05, 2017, 02:17:20 PM
 #118

Some people are holding their because of their greediness but generally people who are holding their bitcoins had difficulty in earning bitcoins. That's why these people do not trade their bitcoin. This is not  greediness. It is just a proof of losing fear.

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November 05, 2017, 02:22:30 PM
 #119

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?
In most cases when we talk about holding Bitcoins, greed is not the case. If we don't need money in this moment, than holding is best option. Holding to point when you need money is right thing to do, but I can agree that there is possibility that it could backfire. Small possibility, because it would mean that price of Bitcoin is going low, and fast. Also it would be alright to hold unto some point that you have set, when you would sell your Bitcoins. Most of people today buy Bitcoin out of its perspective, but we can say greed too.

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November 05, 2017, 02:27:59 PM
 #120

To me bitcoin holding is not greedy.If you just want to earn free btc with no work that will be greedy but if you buy bitcoin and hold it for profit that's not greedy

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