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Author Topic: Is holding bitcoin Greedy?  (Read 4711 times)
sumitmehra08
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November 06, 2017, 05:14:13 PM
 #221

I don't think so at all. I think its a smart move that will help one out in future. Think of it like a savings account. Is saving money greedy. NO!
If a person earns $1000 through his/her hardwork and invest in bitcoins so that he/she can have a better future. This isn't greediness at all. In India, people tend to buy gold as a future saving. I think everyone should invest their some amount of earnings in bitcoin.
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November 06, 2017, 05:41:23 PM
 #222

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 can't appreciate with you. It's not called greedy. It's way to get profit. Day by day Bitcoin price increasing. People holding Bitcoin because of they wanna take their profit. On the other hand the way to holding it called Coin trading.

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November 06, 2017, 06:58:00 PM
 #223

Funny post. When does holding Bitcoin becomes a bad thing?

Would swimming in swimming pool make you a fish? No, it wouln't, Swimming pools are meant to be swum in the first place.

Hope this whole journey doesn't turn ideological one day and produce loads of emotional cyber tyrants who rule and terrorise others for their choices.
 

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November 06, 2017, 07:18:07 PM
 #224

There's an advantage and disadvantage in holding your Bitcoin. The advantage is you can wait for the right moment until the value of bitcoin rises up. and there's a bigger chance that you can save more bitcoin. There's a saying that I heard from my Mentor, "Timing is everything". you don't have to rush and trade your bitcoin instantly.wait for the perfect moment. However, the Risk of holding your bitcoin is that, it can get lost especially when get hacked. and when you decide to trade your bitcoin, it might be the lowest value of bitcoin it ever had. so I that means, holding your bitcoin doesn't mean that you are greedy. you're just being smart. but don't forget the risk of holding it for too long.

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November 06, 2017, 07:29:26 PM
 #225

I think we are using the wrong words here. Holding bitcoin is smart, selling your bitcoin is stupid.

My observations of this crypto currency arena is that for the most part the players are very inteligent and quite frugal.

Greedy is not in the picture.

The greedy assholes are the ones printing fiat currency like no tomorow.
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November 06, 2017, 07:43:54 PM
 #226

i think it's not greedy , because the bitcoin still increase , if i sell now at (7000$) and the bitcoin raise to 8000$ , i will buy more and didn't get the +1000% profit .
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November 06, 2017, 07:47:43 PM
 #227

i think it's not greedy , because the bitcoin still increase , if i sell now at (7000$) and the bitcoin raise to 8000$ , i will buy more and didn't get the +1000% profit .

or you can sell 50% of your holding, up or down you cannot loose.

Give you chance to buy back cheaper  Cool
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November 06, 2017, 07:51:23 PM
 #228

Holding Bitcoin isn't greedy. The people that are holding them took a chance. They took a chance very early on and believed in a decentralized currency with an anonymous creator and therefore no owner. They helped create value by holding their coins and this is what drives the price. There is only a scarce amount of bitcoins available because of this. This is the beauty of BTC.

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November 06, 2017, 09:17:05 PM
 #229

I will hold the bitcoin as long as I can, and its not greed at all. See if you hold your gold whether you call it a greed?

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November 06, 2017, 09:52:36 PM
 #230

That is quite a peculiar statement. Amassing money isn't inherently greedy at all, infact it's an admirable act if you act accordingly to the law. If we're talking about amassing bitcoins at the expense of other people then it's kind of greedy? It's not all black and white when it comes to greed in the real life. Sure, it would be really mean of a person to not spare a dime for the needing, but if the economic situation is tough then I can't blame somebody for caring for his own back.

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November 06, 2017, 09:59:52 PM
 #231

It's not Greedy, BUT, You need a proper speculation and set a target by the basis of your speculation.
when you reached to your target then sell your coins and wait for next dump.
without any knowledge and speculations it is really risky to hold your coins for long term.   
Hope you will be able to catch the point.

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November 06, 2017, 10:10:43 PM
 #232

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 can't appreciate with you. It's not called greedy. It's way to get profit. Day by day Bitcoin price increasing. People holding Bitcoin because of they wanna take their profit. On the other hand the way to holding it called Coin trading.
Right.Greedy is such a wrong term being implied in bitcoin.No one becomes greedy just because he's already earning a bitcoin.It's a fruit of his hardwork and patience to get a profit.And being greed reflects only selfishness,but not with bitcoin.Everyone has set its goals to earn bitcoin and make progress in lives.

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November 06, 2017, 10:13:19 PM
 #233

Holding bitcoin is a very smart and profitable action, regarding its price which keep rising highly in short amount of time. Of course there is some low risk because the BTC price is always volatile, so the price go down sometimes, but gnerally the bitcoin's price keep growing up year after year.


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November 06, 2017, 10:20:05 PM
 #234

Greediness is not applicable in saving ones bitcoin. We may know that its price is like roller coaster which always change from high to low or vice versa but I think saving it is a smart way. Because one of the reason is that he may invest it soon or use it in more important thing.

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November 06, 2017, 10:25:46 PM
 #235

No,off course everyone is holding it for investment purposes so it is not greedy.Its not keeping only for yourself,it is keeping it for you to have more and then later earn in it so why would anyone think that holding their bitcoin makes them a greedy person.

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November 06, 2017, 10:27:20 PM
 #236

I would not call this greed, but a prudent investor.  Why sell something that has a gradual trend of increasing in value every few months. Every Year, it seems that bitcoin multiplies from the previous year's price.  I see a trend in the price growing and it will eventually reach the 20,000 dollar per bitcoin mark.  People are estimating that cryptocurrency in 2020 will have a trillion dollar marketcap.

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November 06, 2017, 10:31:53 PM
 #237

They wont end up with nothing if they are wise holders.
When you say Hodlers it doesn't mean they will just keep it for a long time.
This people are also trying to create more instead of just an idle number of bitcoin.
Not just thru buying but also in terms of making bitcoin itself larger by means of trading it back and forth.
It is not greed. It is being wise and preparing for a better income in the days to come.

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November 07, 2017, 10:55:11 AM
 #238

Bitcoin is highly aggressive market but buying bitcoin on spike will definitely put us in trouble it is good strategy to buy at dips
No I don’t think so bitcoin holding is a kind of greed because bitcoin is such a currency which can make your money double and when someone is holding bitcoin so he is just waiting for right time when the price go high then he will sell all his bitcoins in order to take a good profit and that profit ha can use it for his future.

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November 07, 2017, 02:37:37 PM
 #239

Absolutely not
Holding the Bitcoins is not greedy at all because just spending them on trivial matters is of no use. One must have some other ways to fulfill his needs instead of continuing with the buying and selling of Bitcoins .This is because the price is a matter of fluctuation and one cannot predict either the increment or decrement at any time.

Therefore you must believe in the digital currencies and keep holding Bitcoins both in the form of physical money or in digital wallets because they are not worth losing.


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November 07, 2017, 07:01:23 PM
 #240

I don’t agree it is a matter of greediness . because very person dreamed of a luxurious life . for that u have to make huge money and btc is the source of huge money . so if I hold btc for its high raising price its completely okey .

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