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Author Topic: Is holding bitcoin Greedy?  (Read 12673 times)
Theb
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November 04, 2017, 06:22:42 PM
 #21

First of all I would like to welcome you in the trading world of cryptocurrencies. In trading there is no such thing as being "too greedy" as if your put yourself on their position you would also be doing the same thing, which is maximizing our profit. Whether it is your full time or part time way of income there is nothing bad about how long will you hold your growing asset as it is yours, you are the owner of that virtual currency, it is like asking for a real estate owner to sell their lots and lands as they will profit from it anyway and they need to give others a chance to profit from their land. Like what the movie Wall Street says "Greed, for lack of a better word, is good."

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November 04, 2017, 06:23:57 PM
 #22

Bitcoin has potential in the future and holding is the best way to earn profit without doing anything , without any effort , just by holding you can earn profit up to 25x from initial deposit.

Just take a look for 3 years ago and let's compare with bitcoin current value, how big your regret today ?

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November 04, 2017, 06:39:51 PM
 #23

Every trade has his or her trading plan and it is the best attribute of good traders. It all depend on the plan of individual traders that will determine whether to hold or release. I hold and release once a new high is achieved and wait for breathing downward to a predetermined price to enter again and exit at the next new height. I am out now waiting to enter at $3500-$4000. and exit at $8500

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November 04, 2017, 06:46:24 PM
 #24

I don't think so. You can do anything you want with your Bitcoin Cheesy. There are a lot of ways to get profit from Bitcoin and holding is one of them. In my opinion, holding Bitcoin is greedy or not depend on each people thinking and there are still a lot of people are making money by just holding their Bitcoin cause it's the easiest and safest way so I think it's a good choice for new member of cryptocurrency world.
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November 04, 2017, 06:47:36 PM
 #25

I do not think that this should be called greed. I think they are just being smart about it. I mean, if you are in that position where 4 or 5 years ago you got yourself a considerable amount of bitcoin, back then it was worth almost nothing yet you had faith and waited. Now that bitcoin's price is way high i think it is best to just keep on holding because in the long term you will be reaping the fruit of your patience.
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November 04, 2017, 06:48:41 PM
 #26

most of people holding bitcoin for investment, so i think it's good they can earn profit with invested, but u must to know when to buy them and when to sell them, so i don't think it is a greedy  Wink




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googs84
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November 04, 2017, 06:49:06 PM
 #27

Greed is necessary in capital market without which you cannot earn money. But how much greed is also important because too much greed is a curse. There are people who are holding bitcoins since 2010, some have purchased it just by curiosity and forget completely about it. Now they are getting the fruits of their investments. One may think holding of  bitcoins at this ($7324) rate is greed. I don’t think so , people have their own calculations.














 

 

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November 04, 2017, 06:53:48 PM
 #28

No, we cannot say that Bitcoin holders are greedy. I think they are the smart ones. Those who know how to adopt the new technology.
In future, I will surely try to get a piece of bitcoin. Smiley BTC
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November 04, 2017, 07:12:59 PM
 #29

Retention now bitcoin is probably not greed, but a manifestation of wisdom, since its sale at the present time would be a foolish step. Everyone understands that bitcoin will continue to grow in price and therefore its retention is a reasonable choice.

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November 04, 2017, 07:17:20 PM
 #30

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?

Good point. Greed has way deeper definition and aspects than just simply relating it to one's act of holding coins. It is totally not greed. It is a good trade and investment strategy that anyone could employ. There are so many reasons why people hold on to their coins. It can be a business decision, a savings and future viability decision or just a strategy. Any how none of those mentioned can be said as greedy per se.
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November 04, 2017, 07:23:50 PM
 #31

So what if too much greed in bitcoin may backfire? What if, the hodlers end up with nothing?
If the amount of bitcoin become scarce the price will rise without a doubt,how come it will back fire,do you mean if the price crashes,then i am sure the holders will sell off their coins too at that time,only if there is a major breach in the encryption technology you could imagine the price going to dust,other than that it is safe in my opinion.














 

 

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November 04, 2017, 07:27:06 PM
 #32

Well, for me it is not being greedy because each of us who has bitcoin has our own rights what to do with it. Mostly, they hold it because they just want to play it smartly and others hold or keep it for future purposes and values of it.

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November 04, 2017, 07:28:28 PM
 #33

If we considered holding Bitcoin as being greedy then we should also think the same for other ways of investing money. We can't say that someone is greedy because he is spending his own money in a smart and futureproof way. I think that so many people invested in Bitcoin, altcoins and mining that it won't die, not that easy. I wouldn't be surprised if paper money became obsolete.

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November 04, 2017, 07:30:35 PM
 #34

Bitcoin price suddenly rapidly more high.That's why many people try to hold bitcoin because in future more pump BTC.I think it's not like that greedy because Bitcoin holding must profitable.

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November 04, 2017, 07:45:07 PM
 #35

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?

Honestly, for me holding on to our bitcoin for a long time is not being greedy. It is being smart. Bitcoin’s value increases from time to time, so why spend it if not necessary. We just can keep it and then afterwards we can sell it for a much bigger price.

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November 04, 2017, 08:00:31 PM
 #36

I do not think that this should be called greed. I think they are just being smart about it. I mean, if you are in that position where 4 or 5 years ago you got yourself a considerable amount of bitcoin, back then it was worth almost nothing yet you had faith and waited. Now that bitcoin's price is way high i think it is best to just keep on holding because in the long term you will be reaping the fruit of your patience.
Not totally as greedy but saving your money and always think for what will be your future if you continuing to hold your bitcoin so this is not a greedy way.

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November 04, 2017, 08:03:26 PM
 #37

Of course it is greedy,
But you need to understand Greed is the thing that make you grow other wise we will be never reach good hights in life.
Also holdind bitcoin strategically a very good investment idea,so you can say its a intellectual decision 
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November 04, 2017, 08:23:59 PM
 #38

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, it really depends on how you define the word greed itself. Because meaning of greed may vary from person to person. But as for me, holding bitcoin doesn't mean youbare greedy. And should never be the definition of being greedy. And if you ask me, i even think it is more of a great idea than a definition of greed. Because saving for the rainy days does not mean greed to me. Amd besides, the main reason for investing is making profits. Except for people who only use it as a currency of course. But i hoghly doubt that most of the people here are in the crypto for for just the reason of using bitcoins as a currency.

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November 04, 2017, 08:27:42 PM
 #39

Greed is to make unreasonable things to get a little more profit. Here they make nothing, by definition, so that can not be greedy. They simply wait and hope for profit.
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November 04, 2017, 08:34:54 PM
 #40

No greediness here. You are just being smart, am holding too lol

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