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Author Topic: Is holding bitcoin Greedy?  (Read 12673 times)
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November 09, 2017, 07:48:58 PM
 #341

I will say it is not, but in theory, is holding Bitcoin or any currency or even an asset like gold or anything increases the rarity of that element or a digital currency in our case which leads to price increase, but anyway, I don't blame the price increase for this one I think it is more likely because of miners instead of the people who was holding Bitcoin in their wallets and maybe it's because of both of them.


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November 09, 2017, 07:53:16 PM
 #342

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?

What? No. Of course. If you are hiding bitcoin it doesn't mean that you are greedy it is somehow your strategy just to earn a big amount of money they cannot say that it is a greedy moves. Holding bitcoin is quite good per everyone knew it so that don't listen to them if that's your strategy. Go.

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November 09, 2017, 08:03:02 PM
 #343

It is not greed, some people make enough money and can afford to invest in bitcoin for years, and even keep it as inheritance for their children. Your greed and moral can only be applied to traders.
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November 09, 2017, 08:34:13 PM
 #344

But I do not see any problem with people wanting to hold bitcoins. In one way or another all human beings need financial security to live their lives with fewer worries than those who do not care to own assets. Economic interest does not know morality, so here it is not applicable to qualify as "good" or "bad", "greedy" or "not greedy" holding bitcoins in our wallets.

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November 09, 2017, 08:44:06 PM
 #345

As long as you do not sacrifice taking care of your loved ones or have any other negative effects, it can’t be greed.
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November 10, 2017, 08:09:51 AM
 #346

We can't say anything in regards to it. It's up to those individuals nature who are holding for what sort of purposes on the grounds that there are many sorts of individuals some of them are putting away for future and some of them are putting away from voracity. Yet, one thing is certain that insatiability individuals can't store bitcoin effortlessly. Since as they see the cost of bitcoin high straightforwardly they go for pull back there bitcoin.


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November 10, 2017, 08:29:26 AM
 #347

Actually, holding bitcoin is the most practical way. Yes, you are right that they are maximizing their profits but don't you want that too? Just by being patient you can make big money. That's the trend. Why don't you go with the flow? Investing in bitcoin requires a lot of time. Therefore, people that invest in bitcoin are not being greedy. They are exerting effort.

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November 10, 2017, 08:36:28 AM
 #348

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?

What? No. Of course. If you are hiding bitcoin it doesn't mean that you are greedy it is somehow your strategy just to earn a big amount of money they cannot say that it is a greedy moves. Holding bitcoin is quite good per everyone knew it so that don't listen to them if that's your strategy. Go.

Agree! If you are holding bitcoin that's not mean that you are greedy because you are only hiding it, it just your strategy on earning bitcoin and making it big. Greedyness is sort of you want to make money that fast like an hour or more and you cant control your feeling or emotion on pursuing it though there will be a risk on lossing it , that is the greedyness for me

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November 10, 2017, 08:43:11 AM
 #349

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?
For me its not they just want to make their money became profitable and they waiting patiently for their money to grow.It does'nt mean its a greedy attitude that your holding your bitcoin for a long time its just waiting for the right time to cash out his bitcoin.Holding bitcoin for  a long time is taking a risk of what ever happen in his investment and waiting for a good result.
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November 10, 2017, 08:54:40 AM
 #350

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 smart and greedy and stupid all at the same time. As I have been also telling my friends bitcoin has a volatile structure that is also depdendent on several bariances and you sometimes have to hold and not give in to the temptationto sell



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November 10, 2017, 09:02:17 AM
 #351

Being greedy of one thing has consequences.
What you sow is what you reap.
But for me holding bitcoin is not greediness,
 it just the truth you are thrifthy because you are think of ahead. The time you are in need that' s the time get what you invested. Holding bitcoin is good thing for me.

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November 10, 2017, 09:04:14 AM
 #352

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.
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November 10, 2017, 09:31:44 AM
 #353

Bitcoins are currently the best you can do
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November 10, 2017, 09:42:10 AM
 #354

no, why is it greedy?)if don't spend btc am I greedy?)I think about my future and my family

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November 10, 2017, 09:52:11 AM
 #355

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 say yes but holding bitcoin is much goood than selling bitcoin to a low price so it's okay to be greedy for holding bitcoin i see many people became rich by holding their bitcoin like my friend who teach me about bitcoin actually he buy a car now. Smiley

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November 10, 2017, 10:06:25 AM
 #356

I think NO, because you just holding a bitcoin and you just store it in your wallet and all you want is just to earn.  Smiley
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November 10, 2017, 10:18:51 AM
 #357

No its not, Holding bitcoins is the best way to do since the value is keep on increasing. Holding bitcoins and only withdraw in the time of need is the best way to earn more profit in the future.

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November 10, 2017, 10:26:34 AM
 #358

I do not think it's greed. I think it's just a smart way to maximize profits. As long as you're not troubling yourself, I mean you can still meet your needs, you do not really focus yourself on holding bitcoin, then it's not greed. Greed is not good, we should not be greedy, but I do not think it's greedy.


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November 10, 2017, 11:44:00 AM
 #359

It depends on situations wherein some people that have large amounts of bitcoin (whales) will hold it for a long time just to sell when the price is at peak. When they sell their bitcoins it creates pump
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November 10, 2017, 12:05:36 PM
 #360

I do not think it's greed. I think it's just a smart way to maximize profits. As long as you're not troubling yourself, I mean you can still meet your needs, you do not really focus yourself on holding bitcoin, then it's not greed. Greed is not good, we should not be greedy, but I do not think it's greedy.
I agree with you that it is just the smart way to maximize the profit in bitcoin because with holding bitcoin then you can get the potential to get more profit in value of USD because when the price of bitcoin in the market goes up then you will be earning too because the value of your bitcoin appreciates and goes up so it is better to hold than selling or converting it into fiat.

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