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Author Topic: Is holding bitcoin Greedy?  (Read 4533 times)
grumpylittlepoodle
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November 07, 2017, 07:11:02 PM
 #241

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?

It is not greedy holding bitcoin is a wise decision as it makes the demand high thus its value also.
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November 07, 2017, 07:16:06 PM
 #242

I think investors will sell Bitcoin in the early 2018. Because, as you know, there is many people borrow money with high-interest rate to invest Bitcoin. Therefore, they can't wait too long. They have to finish soon to repayment and get profit.

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November 07, 2017, 07:18:46 PM
 #243

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?

It could happen for sure but that would have to mean that bitcoin stops providing value (which it likely wont) and that people stop putting tremendous value on it (which they likely wont). Given that hodlers think the value

is there all the time and this will not likely happen then you have a scenario where this wont change unless things plummet from here. The only way I can see most people not being hodlers is if their profit margin got cut big.
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November 07, 2017, 07:20:50 PM
 #244

I think investors will sell Bitcoin in the early 2018. Because, as you know, there is many people borrow money with high-interest rate to invest Bitcoin. Therefore, they can't wait too long. They have to finish soon to repayment and get profit.

I really agree with you, certainly bitcoin prices will be much different from the current price, maybe it will be more above the current price, many people predict that bitcoin price will touch 10.000 $, and surely everyone will supply their bitcoin until the highest price bitcoin ...

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November 07, 2017, 07:30:27 PM
 #245

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?

It is not greedy holding bitcoin is a wise decision as it makes the demand high thus its value also.
Holding bitcoin for to long is not being greedy, i think it is a wise decision for me because as long as you hold it for long time since the value of bitcoin is increase even more everytime, it can make you to get high profit through bitcoin.

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November 07, 2017, 08:08:07 PM
 #246

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?

It is not greedy holding bitcoin is a wise decision as it makes the demand high thus its value also.

That isn't true though for the most part, people need to also use bitcoin for making trades for it to be worth anything. If nobody actually used it to buy services and products then it would be less valuable.

At some point if you only hold bitcoin you could end up with nothing(as in BTC segwit1x being worth nothing). I think 2x or somethign else will come along and take away a lot of value from segwit1x. We can see transactions not getting confirmed and fees being 5 to 10 USD are a bad sign.

Take a look at this

https://jochen-hoenicke.de/queue/#all

we can see at certain points that BTC costs a lot of fees to use and that will drive people away from using it, causing less adoptions of BTC in the long term. Short term it is doing well now. It needs a size increase as most people aren't using segwit transactions and will continue to not use them.



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November 07, 2017, 08:15:22 PM
 #247

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 have learned that the best strategy for " big" alts is to take 5-10% profits rather than get greedy and get burned.
But for relative long time investments I think that it would be wise to make sell order in range where you have some profit.

It depends on entry level , because of nature of btc stock market  often sell order is bad if your entry level is close to sell order.

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November 07, 2017, 08:19:13 PM
 #248

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?

It is not greedy holding bitcoin is a wise decision as it makes the demand high thus its value also.

That isn't true though for the most part, people need to also use bitcoin for making trades for it to be worth anything. If nobody actually used it to buy services and products then it would be less valuable.

At some point if you only hold bitcoin you could end up with nothing(as in BTC segwit1x being worth nothing). I think 2x or somethign else will come along and take away a lot of value from segwit1x. We can see transactions not getting confirmed and fees being 5 to 10 USD are a bad sign.

Take a look at this

https://jochen-hoenicke.de/queue/#all

we can see at certain points that BTC costs a lot of fees to use and that will drive people away from using it, causing less adoptions of BTC in the long term. Short term it is doing well now. It needs a size increase as most people aren't using segwit transactions and will continue to not use them.
yes i agree on that if we only hold it until for ever nothing will happen on itmaube we can sell of we think that was really the right time to sell because holding is only a kind of strategy and we need to sell it if the price goes high .i believe that holding btc n is not greedy it is an strategic way of doing btc to make it profitable in ths near future because bitcoin price is really un predictable.


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November 07, 2017, 08:24:09 PM
 #249

I think investors will sell Bitcoin in the early 2018. Because, as you know, there is many people borrow money with high-interest rate to invest Bitcoin. Therefore, they can't wait too long. They have to finish soon to repayment and get profit.

I really agree with you, certainly bitcoin prices will be much different from the current price, maybe it will be more above the current price, many people predict that bitcoin price will touch 10.000 $, and surely everyone will supply their bitcoin until the highest price bitcoin ...
Being greedy is dangerous in trading and it can destroy your balance if you cant control your emotions. Maybe price will hit 10000$ after few months. Who knows? But rules in trading are simple: Keep it simple stupid with buying low,selling high.

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November 07, 2017, 08:40:28 PM
 #250

Holding bitcoin is for a purpose and that's to make a profit. But making money is not a matter of greed, it's a way to survive. Wanting too much, that's greedy. So holding bitcoin too long hoping it will be worth millions, that you could say is greedy.   

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November 07, 2017, 08:42:37 PM
 #251

Once you start screwing with others to make profits at their expense you would be greedy.

If you just like taking high risks for high profits that's perfectly legitimate though, as long as it doesn't involve screwing other people over.

Crypdon
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November 07, 2017, 08:46:00 PM
 #252

Bitcoin was intended to be a currency which means it should be spent. However, it is now being used like gold i.e just an investment, so yes it is being greedy and should be spent
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November 07, 2017, 08:50:33 PM
 #253

Bitcoin was intended to be a currency which means it should be spent. However, it is now being used like gold i.e just an investment, so yes it is being greedy and should be spent

I cannot find the  logic of being greedy when one person is holding his Bitcoin.  Being greedy is wanting something that is not his own.  And this is far from different from holding investment to wait for the right time to sell it.  I think the right term for this is being patient not being greedy.   Since it will nullify the fact that a person bought Bitcoin as investment to profit from it from the price increase if he sold it as soon as he received it.

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Lukochuri78
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November 07, 2017, 09:00:44 PM
 #254

it is not greedy. Btc is profitable so People are trying to hold them. Buy BTC at deep and sell them when price will become High..
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November 07, 2017, 10:35:49 PM
 #255

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?
The misconception for greed is that we usually see it as something negative. But it doesn’t always go that way. Greed can also mean good. It depends on the purpose of the person. If a person is doing something for self gain, then we can say that this person is greedy. But if his purpose is to invest for his and his family’s future, then I wouldn’t say that is greed. Come to think of it, I believe that each of us has the option to be greedy at some point..

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November 07, 2017, 10:47:01 PM
 #256

Well i believe  it is not an act like a greedy motives it is just like a simple strategy leading into the  big huge profit maube some people said that holding byc is  greedy  bit on my own way of observation bitcoin really works and more profitable if you are going to make hold on it because selling it everynow and then maybe didnt have any way to get big profit wr really need to reffer the price and its status .that is why holding is really a  good way in gaininh profit in bitcoin.

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November 07, 2017, 10:50:10 PM
 #257

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 this is not greed, more precisely a strategy. Waiting for some time to gain better momentum is a strategy. Saving bitcon without any strategy will not produce anything. Usually people who have the analysis and strategy in determining how the direction of bitcoin price movement then he will be a successful person.


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November 07, 2017, 10:52:33 PM
 #258

Holding bitcoin is for a purpose and that's to make a profit. But making money is not a matter of greed, it's a way to survive. Wanting too much, that's greedy. So holding bitcoin too long hoping it will be worth millions, that you could say is greedy.   
Agree, your definitely right there no wrong in holding bitcoin for the future especially if you can hold it for futural purposes. Maybe they misinterpret the meaning of greedy, because being greedy is only for the people who gambled. But in terms of investing greedy is not the right term, maybe you'll become practical and wise because you want to earn some income.
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November 07, 2017, 10:54:35 PM
 #259

Not greedy I would say that person who hold is smart.
There is nothing bad to make your investment larger.
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November 07, 2017, 10:56:07 PM
 #260

No it is not because why should it be it is your money you can do whatever you want with it if someone wants to sell it let them sell if you do not want to sell it then don't no one can call you greedy for holding your own money.
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