Is holding bitcoin Greedy?

[SamboNZ]

for me holding a bitcoin is a way for us investors to triple and maximize the value of bitcoin. we can say that it is greediness but that is how life works right? we need to gamble for our own life and success.

[delitte]

I think its up to people who judge you, but for me its about how you manage your coins and not to be so addicted to it, remember that not only bitcoin running your life and when you die you can bring bitcoin in heaven, so don't focus on it and balance your life, dont be greedy

Some limited minded people are thinking that bitcoin holder are greedy so I want to explain them that all people want to earn money for their life and for earning money people are doing various jobs like business, regular jobs etc so just like that traders are holding bitcoin for future so that when the rate is increased then they will sale their coins.

I agree with the balance thing, what' s the point of having many bitcoins while you have broken relationships with family and friends. Always make time for them, but if you re doing it for them, that is not greedy at all. Just keep your balance. Happiness is not always in the money but if you have both the abundance and healthy relationship, then you are living the perfect life.

Having said that, holding is way easier and less time consumption than the other ways of earning bitcoin. With that, you can maximize your time with your loved ones to keep that balance. It is also not good to have all the money while sacrificing your social life. How will you enjoy your bitcoin earning if you have no one to use and share it for?

[Barcode_]

I think holding bitcoin for the long term is an act of believing that its values will continue to rise to a higher level in the future, those investors are not greedy but they are planning to invest for long term, just alike some investors who prefer to invest in funds or bonds for a long period of time.

[killerfrost]

It is never enough with human greed. However, because each person's persistence and determination is different, success or failure depends on you. Nothing is too greedy when we deserve to be able to receive it.

[greatfariola]

You're not greedy if you base your trading decisions on a system. Being greedy is very much dangerous if you merely trade based on feelings or emotion.

[nemesis_]

I don't think so. As we all know, bitcoin is a kind of cryptocurrency. It is a digital money. So we will all use this some time in the future if it will be legalized. We are just getting ahead of everybody else. Also, having an investment here doesn't mean we're greedy. We are just securing our money for our future.

[Mumen Rider]

Well it depends on an individual person on what they desire, you may call it being greedy but some think of it as being the clever one by having patience on it. It's also a risk they take because it may result into a good one or a bad one.

[Zakhal]

I always hold some because its so strong against all other currencies. As long as that stays true then its just logical to hold.

[resty]

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 is not your problem sir, each of us may take the risk which we are responsible of. I don't think that holding Bitcoin for a long time doesn't sound always negative and I believe that being greedy is not always bad as long as your goal is for good and doesn't go to nonsense things. If you had enough and experience the full worth of Bitcoin, this is the time to pay this forum back by donating even if it is not required.

[Webberson]

I don't see holding bitcoin as a greedy act. I see those holding bitcoin as risk takers, with lots of optimism on the currency; in expectancy that the value of the coin in latter future, will outweigh what it is presently. So, those holding, are not greedy but actually see the potential of the currency.

[Shikaina]

It is never enough with human greed. However, because each person's persistence and determination is different, success or failure depends on you. Nothing is too greedy when we deserve to be able to receive it.

If holding bitcoin is greed then somalso those holding or sving cash in banks are greedy. If you acquire it on your own effor with your own money, the it is yours and no one has the right to dictate you on what to do with it. You totally the boss and no one can accuse you of being greedy.

[Hyperso]

Anyway, I think that HODL is the best strategy, but it's really hard to refrain from selling your BTC when its price just triples in a mounth)

[Harlot]

Well it depends on an individual person on what they desire, you may call it being greedy but some think of it as being the clever one by having patience on it. It's also a risk they take because it may result into a good one or a bad one.

Well I don't think you know what you are talking about. We can never force someone in selling their own assets as it is their own property and they have their own decisions to make if they want to sell their own Bitcoin. For example you can never force someone in selling their own houses because it is considered something selfish, because it isn't it is their own house they need it in their daily life. Also in Bitcoin if they are not satisfied with the prices they have the right not to sell it as no one can have their decisions aside from themselves.

[diguyo]

Is having money in the bank greedy?

The act of holding doesn't make you greedy, it's just like any investment, you hold it for a prolonged period for profit...that's just using your finances wisely.

However, the inability to sell could be construed as greed. People who got in thinking, I'd like to make 10k, then when they get to that point theyr'e like 'nah, I want 100k'. It's like gambling in a way, people get addicted to the profit and then they just want more and more...then it's dangerous because it's only worth that if you cash it out. I think a lot of people here would HODL even if it fell to 2k again...they'd have blind faith born, potentially, out of greed.

[Makest]

It is not a greedy waif you will hold the bitcoin, it is an investment and you have rights to get profit from it like other businesses.

[dyewic]

It's just being smart about what you have right now, same as investing into established assets like gold, precious metals, real estate, stocks and the likes. Institutional investors might disagree with you on this thing since they try to maximize their wealth for better living and to ensure that they will live their life to the fullest. Being greedy is wanting all that you obviously don't have and shouldn't have, but trying to maximize anything that you have possession with to reward you with greater value is being smart IMO.

I strongly agree and believe on your opinion that, it's just being smart about what you have right now, same as investing into established assets like gold, precious metals, real estate, stocks and the likes. Institutional investors might disagree with you on this thing since they try to maximize their wealth for better living and to ensure that they will live their life to the fullest. Adding also my opinion that,Bitcoin is still undervalued so its price can go anywhere over $100k in next decade or so if there will be no any catastrophic event till than. In addition, 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

[balakang00]

No. Holding bitcoin is not being greedy, its about being smart with bitcoin. Being greedy is like being a corrupt person or like being a thief, they do anything to have more money even it is illegal. In holding bitcoin you earn more profit, it shows that you have a high financial IQ. You're earning money in a smart and legal way.

[Onyx0]

In Bitcoin, holders and savers are rewarded instead of our normal economy. So it's not greedy, it sjust the way deflationary currency work

No it’s not a greedy to hold bitcoin there are a lot of people who are buying bitcoins from their local currency and they are investing a very big amount of money on it in my country I know a lot of rich people who are buying bitcoin with a huge amount of money so for sure they will keep it on hold because they invest here and they are investing here to get their profit because bitcoin is they only currency which believe to give profit.

[last7minutes]

I do not consider long-term keeping bitcoin greed. It's just that people have big goals to achieve which they need a lot of money and in this way they earn to achieve it.

[Bitcoin2009]

Anyway, I think that HODL is the best strategy, but it's really hard to refrain from selling your BTC when its price just triples in a mounth)

I'm sure when bitcoin prices reach 3x then 90% of people will sell bitcoin, of course they think that this is a good price so tempting us to immediately sell bitcoin, as is the case today so as to make the bitcoin price drop.