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Author Topic: Is holding bitcoin Greedy?  (Read 12815 times)
KingOfWinterfell01
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November 14, 2017, 11:26:08 AM
 #381

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 bitcoins is smart, not greedy. Because it'll gain more and more value at the end of the day. I wouldn't touch my money if I had no need, right? It's not greedy if you're making wise decisions about your investment.

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November 14, 2017, 11:33:16 AM
 #382

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's not greediness it's a wise moves. If you want to get more profit you should be always wise in all your decisions that you're going to do in the future. There's nothing to do with that moral quotation, it will depends on the situation. Like holding a bitcoin for so long and we all know that it's not bad to do that because everyone of us wants to get rich.
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November 14, 2017, 11:52:11 AM
 #383

I don't think  I am greedy because I am holding bitcoin.Holding bitcoin is good because its price will be increasing & I will be benefited...I worked lot to earn bitcoin so it's my decision what to do with my bitcoin whether sell it or hold it...so I am right in my point of view...

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November 14, 2017, 03:03:20 PM
 #384

I don't think  I am greedy because I am holding bitcoin.Holding bitcoin is good because its price will be increasing & I will be benefited...I worked lot to earn bitcoin so it's my decision what to do with my bitcoin whether sell it or hold it...so I am right in my point of view...


Precisely. Holding bitcoin is no different from investing it since you wait for its value to skyrocket, while at the same time retaining your coins on the wallet. I do not understand on why holding bitcoin results to being greedy, well you may be greedy if you let the opportunity slide in the event that the price increases and you chose not to convert it to fiat (hoping that it may increase more). Well generally, majority of the people that hold their bitcoins have their specific purpose for it. So I think the question of them, being greedy is completely irrelevant and may be applied relatively depending on the situation of the individual.
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November 15, 2017, 02:02:26 AM
 #385

I don't think  I am greedy because I am holding bitcoin.Holding bitcoin is good because its price will be increasing & I will be benefited...I worked lot to earn bitcoin so it's my decision what to do with my bitcoin whether sell it or hold it...so I am right in my point of view...


Yeah maybe greediness is in just psychological attributes to our mind like when we think why we hold for long term is because that we're greedy then it can be called as that but when we just think that we're holding because we know snd we hope that bitcoin's price will be more valuable as ever and the more we hold the more our future will shine.
However, when we say hoarding that's the time we can say it's greedy as hoarding is the negative term of holding.

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November 15, 2017, 02:12:53 AM
 #386

no, holding bitcoin is not greedy
its investment and we already know bitcoin always increasing year by year
so nothing wrong if holding and wait for the best price to sell

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November 15, 2017, 02:17:33 AM
 #387

Yes, now most people are holding bitcoin. A lot of people get free candy for forks. I think it's time to take note of the risks, after all, bitcoin has risen too much this year.  Smiley
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November 15, 2017, 02:30:03 AM
 #388

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?


people hold bitcoin not just for greed but also  they want to save it for a meanwhile in their wallet just like an ordinary currency like fiats to be able to buy something they like online or offline. though some people are mistakinly using bitcoin as of what it is primary purpose or usage rather they are using it as a form of investment to earn something due to its volatility.

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November 15, 2017, 02:39:38 AM
 #389

If I am alone, do not hold too much bitcoin, because the rest I sell for personal purposes. Indeed, if it is too greedy to hold bitcoin it will usually be bad if it is not balanced by donating bitcoin to a more needy person.

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November 15, 2017, 04:39:27 AM
 #390

Based on my own opinion holding tge bitcoin is not a being greedy it is just a good way to have a larger amount of money in exchange we can not blame other people in holding this because they need it for a living.
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November 15, 2017, 04:40:42 AM
 #391

Not really as long as you know how to handle it. It's your choice tobe greedy but i suggest not to
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November 15, 2017, 04:42:16 AM
 #392

Till now, selling bitcoin is an error  Undecided The price never stop rising  Cry
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November 15, 2017, 10:47:10 AM
 #393

With all cryptocurrency, greed is the die. I think with most newbies, the first lesson you should learn is not about knowledge, it is an emotion controller lesson. It will help you very much when you work.
No I don’t think so it’s a greed actually it’s a kind of source of income and when the price go down so everyone they are buying bitcoin and then keep it on hold and then start to wait for a right time when the price go high then they sell all bitcoins and take a very good profit from it and that’s what I’m doing also to take a good profit.

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November 15, 2017, 12:09:22 PM
 #394

I think it is not appropriate to call them greedy.  After all it is their coins,  meaning they can do anything with it. And i think there is nothing wrong if someone will hodl for the sake of greater benefits in the future.

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November 15, 2017, 12:11:03 PM
 #395

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's not. Holding in bitcoins means you're investing smart. People thinking you're greedy because you're holding and not spending can go out and cry themselves to sleep. Honestly, you're smart enough to hold your bitcoins and wait for it to grow in price like any other stock.

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November 15, 2017, 12:12:44 PM
 #396

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?

Nah, Bitcoin is the main or the mother of all crypto, so if it'll drop to something, of course we will hope that it will go up to the price you bought again or even higher than that. So don't worry.
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November 15, 2017, 12:14:34 PM
 #397

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?

Nah, Bitcoin is the main or the mother of all crypto, so if it'll drop to something, of course we will hope that it will go up to the price you bought again or even higher than that. So don't worry.

Holding ot os fine especially if were not familiar on how to make it geew in other waya other than long term investment, when we hold it for long we will be able to earn without risk since ntc amount will still rise.


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November 15, 2017, 12:57:50 PM
 #398

i don't think this is a greedy behavior because some of people want to hold it until another folk coming
and some people is a true fans in bitcoin ,

On top of that, we all know that bitcoin's value is volatile which means its market value will extremely go high at any point of time and that what makes them HODL on bitcoins. The more you HODL while its market value rises up, the more profit you will earn when you decide to sell your precious digital coin.

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November 15, 2017, 01:33:15 PM
 #399

greed is a curse, yes it is like being greedy, we should leave bitcoin now and invest in new altcoins, its time to stay away from 17$ per trx fee bitcoin
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November 15, 2017, 01:40:29 PM
 #400

i don't think this is a greedy behavior because some of people want to hold it until another folk coming
and some people is a true fans in bitcoin ,

On top of that, we all know that bitcoin's value is volatile which means its market value will extremely go high at any point of time and that what makes them HODL on bitcoins. The more you HODL while its market value rises up, the more profit you will earn when you decide to sell your precious digital coin.

That is a good explanation. It is being strategical rather than being greedy. When there is a strong trend in any kind of market, you hold it till the trend is broken which is not even close to be broken at the moment. So that is pretty ok to hold it at the moment.
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