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Author Topic: Is holding bitcoin Greedy?  (Read 13241 times)
princesspoppy
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December 27, 2017, 12:30:30 AM
 #1041

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 don't think holding bitcoin is greediness,i think it's taking risks and hoping that things can be better,just like the price of bitcoin, we hope that our investment will give us more profit if we keep holding it and wait for the right opportunity for us to sell it. Also we can do whatever we want with our coins,we can sell it or just keep on holding it, it is either we lose it or we gain from it.
migolmigol
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December 27, 2017, 12:36:13 AM
 #1042

I won't call it greedy. Because it is just the same with holding money in a bank. Having to hold on your bitcoins in your own strategy. A strategy of ao long term investment betting that you think Bitcoin will rise all the way up after several years. And the opposite of that kind of investment is an active trading. Where in from time to time you buy at a low price and sell when it gets high. This trading can happen even just for a day as we all know that Bitcoin price is very volatile.

real_links
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December 27, 2017, 12:39:22 AM
 #1043

Well. No it's not greedy. And it's not greediness because we all know bitcoin is going to worth far more than what it is now. So we are just tactically smart.
Sadlife
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December 27, 2017, 12:40:35 AM
 #1044

This is not greed it's just maximizing what you already have by being smart to hodling and investing your possession in this example: bitcoin. Being greedy is wanting everything even if you have steal in others possession or money. That's greed.
Investing in bitcoin is to maximize it's worth so you can spend it on things in the future. I cal that being smart.

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LuckyHopper18
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December 27, 2017, 12:43:24 AM
 #1045

Well, being greedy is something that you want to have more even if you had enough. And that is not the case in holding bitcoin. We hold bitcoin to maximize our earning and cover the loss we have encountered from a sudden price drop.
Sean25pogi
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December 27, 2017, 01:08:14 AM
 #1046

I don't think so if it is greedy to be hold because is up to you if you being aware and secure to all the risk that may you encountered in holding bitcoin. Being greedy is not risky why because if you know how to keep or invest our money in bitcoin make sure our money secured to be hold in a long period of time and also it will be still increase the value of bitcoin in the market so that's why some of people want to hold it until come the right time to get and until to fulfill the satisfaction of every bitcoiner in this bitcoin industry.
thet
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December 27, 2017, 01:17:09 AM
 #1047

It is not greedy, you are just being wise by holding it and have to wait for the btc price to rise and enjoy the profit from your investment. That is very simple strategy and not being greedy.

alexsamudra
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December 27, 2017, 01:38:37 AM
 #1048

maybe this will be something that may happen to you have today, just as what you do in invested established assets such as gold, precious metals, real estate, stocks and the like. and they will maximize their wealth for a better life and to ensure that they will live their lives to their fullest. people stumble together as much as they want to get it all.
being smarter is the best way to get it all.
coinholic
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December 27, 2017, 01:46:51 AM
 #1049

Not at all! We should not misinterpret holding as greed. People hold or keep their Bitcoins because it’s an investment. And investors will play the game in order to gain maximum profit. And holding is a strategy of the game. It’s a fair game for everyone...

teejaymuna
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December 27, 2017, 01:58:01 AM
 #1050

If holding it is at the expense of others, then yes it is greedy. That's what happened with money right.
boboking
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December 27, 2017, 02:01:37 AM
 #1051

Not at all! We should not misinterpret holding as greed. People hold or keep their Bitcoins because it’s an investment. And investors will play the game in order to gain maximum profit. And holding is a strategy of the game. It’s a fair game for everyone...

True, if you place your money in a bank do you think you are greedy? You are gaining at least an interest yearly.

Holding Bitcoin is just like holding your FIAT, Although we know Bitcoins price will rise you still need to remember that Bitcoin is still a currency.

Farma
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December 27, 2017, 02:07:20 AM
 #1052

Not at all! We should not misinterpret holding as greed. People hold or keep their Bitcoins because it’s an investment. And investors will play the game in order to gain maximum profit. And holding is a strategy of the game. It’s a fair game for everyone...
I do not see that holding the bitcoin is something greedy. even that is a very good thing. it's like saving gold for a long time. whether saving money can be said to be greedy? I do not think so.
I agree with you, who see it as a strategy to prepare for the future.

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December 27, 2017, 02:12:19 AM
 #1053

Saying that holding bitcoins is being greedy then I take it that you're a wicked individual, I mean  i bought the coins when they were low with my money and I had to endure and hold it for long and now the price is high you're saying am greedy, its somehow

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December 27, 2017, 02:23:16 AM
 #1054

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 a greedy thing but it was nice and a brilliant move in which applicable to any form of investments, businesses and trading. You can be called greedy if you did not want to share your knowledge on how bitcoin works to your friends and relatives because you want to be earning all by yourself only which is a real sign of a greedy and selfish character.
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December 27, 2017, 03:32:10 AM
 #1055

Greediness is that which we expect beyond the limit and feeling unsatisfied with the present blessing.But bitcoin is a currency which is ever growing in price and there is nothing greedy in just holding it with the expectation that it would increase in price.

A greed person is one who is just concerned about him only and overlooks others needs.I don't think that buying a bitcoin with our hard earned money and just holding it for rise in value could be termed as greed by any way.

The person who started this thread does not know what greed really means. He must from other local languages translated his word to english and greed is the word that appeared. Greed is not holding , it's on the aspect of continuous buying.
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December 28, 2017, 12:07:33 PM
 #1056

For holding bitcoin is not greedy, for me, it is a smart strategy because I believe in bitcoin it can increase the value after years. If we invest in for a long period of years, their big chance to double or triple your profit. I believe in saying that Hell has three gates Lust, Anger, and Greed. 
As it is expecting that bitcoin price will continue increasing therefore i think holding bitcoin is not to be consider as greedy, but i also think that it is a wise decision. I think holding bitcoin in current time will be more profitable in near future because the bitcoin price will continue increasing for a long long time.

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December 28, 2017, 12:18:23 PM
 #1057

I dont agree with calling someone as greedy simply because they are holding into their bitcoins.
Those coins are theirs and they can do anything they want with it.
And it is also beneficial for the community if they do that since the we will be having lesser supply which would result to higher price of the coin.

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December 28, 2017, 12:45:23 PM
 #1058

For holding bitcoin is not greedy, for me, it is a smart strategy because I believe in bitcoin it can increase the value after years. If we invest in for a long period of years, their big chance to double or triple your profit. I believe in saying that Hell has three gates Lust, Anger, and Greed. 
As it is expecting that bitcoin price will continue increasing therefore i think holding bitcoin is not to be consider as greedy, but i also think that it is a wise decision. I think holding bitcoin in current time will be more profitable in near future because the bitcoin price will continue increasing for a long long time.

Things that could be good in the future should not considered as greedy. Holding bitcoin just means making wise decision especially when holding it for a long time because of the good return it could give in the future.

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December 28, 2017, 01:00:10 PM
 #1059

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 is smart. I wouldn't call it greed.
The cryptocurrency ecosystem is in development. Once it's fully functioning you will be able to pay your bills using cryptocurrencies, buy a car in a dealership, order anything you want from online stores, and more. If somebody is holding and waiting for it to happen I'd call him a cryptocurrency supporter and if there's a bit of greed driving him, great! Greed is good Wink

I agree. It actually depends on your aim for holding the coin. I mean, why would a market or investment strategy be greedy; many people do this without even thinking of the fact of being greedy since earning is always the end results of all actions being made by a person. Since bitcoin's value may change at any time, many people know that holding onto their coins would give them a better chance of having a better value for their holdings, especially when there is a surge happening in the market like what happened just recently.

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December 28, 2017, 04:38:01 PM
 #1060

There is no such thing or any problem that I see in holding a bitcoin.
It is not too selfish act, in fact holding bitcoin for a longer period of time will provides you more benefits in future and makes your future more financially stable and free from all kinds of risk.
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