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Author Topic: Is holding bitcoin Greedy?  (Read 4905 times)
Pettuh4
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November 06, 2017, 05:01:37 AM
 #161

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, Holding bitcoin is not greedy at all. Let's just assume that holding your bitcoin for a long term is like saving your money in the bank with a high interest. Holding your asset for long term because you knew that it will have more value in the future was the smartest way to earn huge profit. The same thing when you buy Gold when the price was cheap, and then sell it when the price was high. The only one I would call greedy if you're doing a trade with leverage for example like trading forex and stock with high leverage x2 - x5 or more.

It's just like saying working for your income is greedy, hell no because that's what your life depends on and so working hard to earn bitcoin and hold them as an investment should not be thought of as greed but rather a blessing to the lives of your family.

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November 06, 2017, 05:16:09 AM
 #162

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 not being greedy but being wise. You are just wise because you are believing that bitcoin will pump. So i think there is no greediness when it comes to holding bitcoin.

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November 06, 2017, 05:18:54 AM
 #163

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 holding bitcoin is not that greedy, because you only want to maximize the worth of bitcoin, being greedy is when you also want to scam other holders, so that your bitcoin count will go up, it's being both greedy and evil.

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November 06, 2017, 05:20:35 AM
 #164

I don't think it's time to be greedy, and it's clear that bitcoin is speeding up, at least by the end of this year, and it looks safe now.
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November 06, 2017, 06:14:55 AM
 #165

It is not being greedy, it is being smart/wise. In our business, we may say that people are greedy in getting a lot from holding a bitcoin however that's how it works - you have to be smart in making decision. Holding it is their decision and I think if I will have my very 1st bitcoin I will also hold it.

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November 06, 2017, 07:48:58 AM
 #166

Bitcoin holding is not greed. It just an investment with hope of getting more profit. Just like putting money in a fixed deposit account and waiting for bank to give you something on top after a period of time. We all need that extra cash you know
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November 06, 2017, 07:53:37 AM
 #167

People who holds bitcoin is wise and not being greedy, they are just wiser enough to think that their bitcoin can grow more in the future, I don't think that it is wrong to think if of that way since we all know that we can gain profit by holding our bitcoin for a long time.



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November 06, 2017, 07:55:57 AM
 #168

Greed is curse but I don't think holding bitcoin is a greed because we all are traders and investors and we all are holding bitcoins just to make some profit just to earn some money.

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November 06, 2017, 08:23:39 AM
 #169

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, Holding bitcoin is not greedy at all. Let's just assume that holding your bitcoin for a long term is like saving your money in the bank with a high interest. Holding your asset for long term because you knew that it will have more value in the future was the smartest way to earn huge profit. The same thing when you buy Gold when the price was cheap, and then sell it when the price was high. The only one I would call greedy if you're doing a trade with leverage for example like trading forex and stock with high leverage x2 - x5 or more.

It's just like saying working for your income is greedy, hell no because that's what your life depends on and so working hard to earn bitcoin and hold them as an investment should not be thought of as greed but rather a blessing to the lives of your family.

I was about to give the same analogy - with gold and saving in the bank. Saying that holding bitcoin is greedy would be like saying that it is greedy to keep gold or savings in the bank.

We do live in a greedy world. It's survival of the fittest out there, and a lot do much worse acts of greediness other than innocently holding some bitcoins. I think it's greedy when you deprive others of acquiring because you have been withholding too much. In this case, a lot of others can still acquire or earn bitcoins even while some people hold bitcoins.

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November 06, 2017, 08:25:14 AM
 #170

Greedy is the human nature. humans want more profit from bitcoin by continuing to hold it to get maximum results. and all actions taken to obtain maximum results there are consequences,

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November 06, 2017, 08:26:19 AM
 #171

I think they hold it maybe for the reason they wanted to save it for their future..and also they are waiting for the perfect time for trading or selling it.   Cheesy Wink
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November 06, 2017, 08:32:55 AM
 #172

I think two fact is related firstly Bitcoin price is rocket high until now & everyday continuously increasing that's why Bitcoin lover try to hold tight for future.Secondly now price is very high but anytime fall down than loser all BTC holder who buy BTC high price.

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November 06, 2017, 09:32:29 AM
 #173

I don't think that holding on to Bitcoin for a long span of time can be considered greedy. Greedy is such a severe term to describe being smart or strategic. Holding on to something that you've worked hard for and earned rightfully should not be immediately coined as greedy. There's a reason why some people would rather hold on to it rather than put it's current state at risk. I believe that these people are also aware of the consequences it may result to if the desired results are not met from keeping it that long. Everybody has their own way of handling things, and I think as long as others are not affected by your decisions to hold on your Bitcoin for too long, then you are not being greedy but rather clever with the way you are handling it.

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November 06, 2017, 10:18:28 AM
 #174

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?
Greed can be avoided if you have plans for the future. Before investing into something, you should set some goals for the future. You are investing in something because you want to have some money to be used in your future needs, be it in school, family, food, and more. Greed is usually a consequence of being not contented with what you've got. People usually fail because of greed, but you should put in your mind that you are holding bitcoin because of the future. Set your goal, and if you've achieve that goal, you should stop there. Don't aim for more that what you need. Remember, anything that is too much is bad, especially in money matters.

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November 06, 2017, 10:23:06 AM
 #175

People who hold bitcoin are usually very strategic people, who know that eventually bitcoin will go up. If we can look at it`s history it had many rises and falls of the price, but at the end of the day (or year) bitcoin went from 4k to 7 k in a few weeks. Then all we have to do is straight our definition of what greedy means. To be greedy is to want more and more of a resource and thus actively harming a specific group of people. At some point you have to sell the bitcoin in order to get your fiat currency so you will "share" it with others no matter what. You can`t be greedy Smiley
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November 06, 2017, 10:26:44 AM
 #176

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?

Not really. You have the right to hold until you are willing to sell it for a higher price. I don't know what the others are thinking, but holding bitcoin takes a lot of discipline and sacrifice on the investor's part. Imagine the things they can buy if someone sell their bitcoin instead of investing it. The hardest part is when your thinking that bitcoin will fall and getting paranoid every time there's a slight fall on bitcoin. Those are the things that was haunting those bitcoin investors every night. It's not about being greedy, its about the things that they can't do when they didn't sell their coins.

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November 06, 2017, 10:32:21 AM
 #177

Holding of bitcoin is not called greed. Those people have in mine to go into a long term investment. people that just buy and sell within a short period do not just want to invest for a long time.

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November 06, 2017, 10:34:36 AM
 #178

I don't think holding Bitcoin will make you greedy. Why? Because that is your own money, you bought that or you earned that Bitcoin so you can do whatever you want with it. You can sell it or you can hold it as long as you want. You shouldnt call that greedy but you should call that being wise. If ever Bitcoin falls and i am holding Bitcoin i won't react nor get angry because i know the risk that i took before holding or buying Bitcoin.


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November 06, 2017, 10:34:47 AM
 #179

I think they hold it maybe for the reason they wanted to save it for their future..and also they are waiting for the perfect time for trading or selling it.   Cheesy Wink

I agree, because not all who holds bitcoin are greedy. They are just wise. Being wise and greedy is different thing. Because for me, people who are wise enough in life they are the once who can be rich in the future and greedy people are the once who just lose their money in the future.



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November 06, 2017, 10:43:44 AM
 #180

No it is not it is smart thinking because this way you can make a lot of profit out of it ask yourself if you hold your own money by yourself would it be considered greedy no because it is yours and you can do whatever you want with it.
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