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Author Topic: Is holding bitcoin Greedy?  (Read 13247 times)
Malintha1996
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January 10, 2018, 06:23:58 PM
 #1121

I would rater say holding bitcoin is strategic. Because investing something today will profit you tomorrow. People work to earn money then they deposit a certain amount of those in banks for further usage. Holding bitcoin is similar. We hold a large amount of bitcoin since its stability and high rate of growth while we use for a certain amount of bitcoin for trading. However this situation will be completely different if bitcoin drawback. People will start to sell bitcoin and hold currencies that have a higher value at the moment. It implies that this is not greediness this is about making profit.

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lestariptr
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January 10, 2018, 06:27:21 PM
 #1122

I do not think it's called greedy. They just want to hold bitcoin until the best time. I do not know why you are concerned about it. They are not greedy or maybe you are just jealous. sorry if offensive.
Irvinn
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January 10, 2018, 06:46:55 PM
 #1123

Due to the fact that bitcoin has increased in its value from $ 1,000 since January 2017 and up to $ 20,000 by the end of this year, it already shows a great potential for its growth. This year, it is predicted that its value could increase to about $ 40,000. Proceeding from this, it makes no sense to sell your bitcoins, and the most reasonable act will be to keep it to continue to make profit by raising its price. To assert that bitcoine is greedy is at least stupid, since it will not be wise to act in everything. Here, most likely, we need to agree with what is now held by bitcoin, not back, but wise.
NatYaros
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January 10, 2018, 07:00:06 PM
 #1124

Pioneers never finish well. Have you seen the pictures of the first airplane? They have nothing to do with the things we fly on. Right? So will happen with all modern coins: they will be replaced with something new. Do not tell me about gold. You can not MAKE gold. It is there and humans can do nothing. But those coins are all products of the brain and brain never stops. So we will have something else soon and very soon. IMHO
Rascar Capac
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January 10, 2018, 07:25:30 PM
 #1125

Holding bitcoin is not the way of being greedy because if you are holding bitcoin then you are just holding to the hope that the price of bitcoin will go up even higher and when that price is reached in the market then the price will give a lot of benefit and there is nothing to worry about bitcoin because it is still young and it will give a lot more surprises for us.
zoloq33
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January 10, 2018, 07:44:04 PM
 #1126

Can't see why it's considered greedy. Is holding your money in your bank account greedy? By your logic every sort of investment is greedy, well maybe it is but there is nothing wrong about it.
sirkings0003
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January 10, 2018, 07:51:24 PM
 #1127

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 for a while is not an issue or bad. This is because some people are using it as a means of wealth storage though this is risky. However, i would not advise anyone to hold for a very long time.

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yoyolife121
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January 10, 2018, 08:04:16 PM
 #1128

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.
However just holding bitcoin for long term might not give you the same amount which you can make by actively trading them during large pumps and dumps but it is quite hard to learn how to guess perfect get in and exit points.
yup you are right
Janine012
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January 10, 2018, 08:09:08 PM
 #1129

Holding bitcoin for so long doesn't meant they are greedy. They are just maximizing what they'll think might yield them to earn more. It has a high potential to increase more but holding so many of it for a long time might not that be healthy. We might never know how long it will run or how it will be in the future. Its always best to have options on dealing your wealth. Market and Bitcoin is very volatile and risky so let's try not to risk everything we worked so hard for nothing in the end.
crytomusica
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January 10, 2018, 08:38:31 PM
 #1130

Holding bitcoin is not the way of being greedy because if you are holding bitcoin then you are just holding to the hope that the price of bitcoin will go up even higher and when that price is reached in the market then the price will give a lot of benefit and there is nothing to worry about bitcoin because it is still young and it will give a lot more surprises for us.

It depends on the way of your holding actually. I'm also holding as it is still in bullish trend I don't consider myself greedy because I cashed out little by little when it was reached to some important levels. So I already got my investment money out and I have my bitcoins in my wallet.

Slark
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January 10, 2018, 08:53:13 PM
 #1131

Holding bitcoin is not the way of being greedy because if you are holding bitcoin then you are just holding to the hope.
And this is what we call greed - a hope which is based on faint premonition and expectation that you will be rich someday.
But guess what? There is something called breaking point - what will happen when Bitcoin price will never grow again?
What will happen when people will realize that the price is kinda off, and refuse to pay more for BTC?
Instead of the greatest investment of our generation  BTC the greatest bubble of our generation.
Rascar Capac
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January 10, 2018, 09:27:34 PM
 #1132

We live in a market dominated by the predatory capitalist system. It has always awarded to those who possess more things as the true winners of life. While it is true that the original idea of bitcoin was to undermine the current system, the entry of big capital here has made bitcoin another good desirable for everyone, so the desire to hold bitcoin is only a natural consequence of that.
soros017
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January 10, 2018, 09:48:32 PM
 #1133

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?
By that logic, holding gold or any other asset is also being greedy, just because you profit by holding it. If that's your definition of greedy, I see nothing wrong with that. However, I see it as choosing the best we have to preserve our wealth and diversify our net worth.
GeviraBrooks
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January 10, 2018, 09:50:16 PM
 #1134

If you know why you do that , it is actually smart. You just need to have a plan for the future and know when you are ready to sell it.
Cryptotradenz
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January 10, 2018, 09:50:58 PM
 #1135

I think its wise to hold a diversified spread
Testament28
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January 10, 2018, 10:07:12 PM
 #1136

Greediness doesn't apply here. It's more of making sure to make the most out of it. Just like in doing business. As long as your business is earning a profit, you should get a hold of it, right? In Bitcoins' case, you are just maximizing the potential BTC has. Why not hold if you know that the value of it hasn't maximized yet, right? If I were to be asked, BTC has some cards left in its sleeves. so its value will still gain a lot in the near future. So get a hold of it and you'll be rewarded greatly.
munareal
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January 10, 2018, 10:27:01 PM
 #1137

Holding your bitcoin and wanting to make more profit is not greediness. Forget the literal meaning of the word greedy which means you want more and more of something, especially money. It is an investment were you want to make optimum profit.
turagsoy123456
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January 10, 2018, 10:33:16 PM
 #1138

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?

If we have an ambition looking foward to gain more money... Especially in our investment in bitcoin money... Then i think its is very important to us...to plan it carefully ...we don't have to be hurry... Because the currency of the bitcoin now is on the top of the market.. It doesn't mean you hold your  bitcoin money...you are called greedy... Its your strategy..

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Keihell
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January 10, 2018, 10:36:39 PM
 #1139

Nah man... bitcoin is a long term investment, how is that being greedy??
As its being compared to gold, Im sure letting it go too early will make me do double facepalms in a few years or so.
Aizhen05
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January 10, 2018, 10:41:47 PM
 #1140

Holding bitcoin is not the way of being greedy because if you are holding bitcoin then you are just holding to the hope that the price of bitcoin will go up even higher and when that price is reached in the market then the price will give a lot of benefit and there is nothing to worry about bitcoin because it is still young and it will give a lot more surprises for us.

It depends on the way of your holding actually. I'm also holding as it is still in bullish trend I don't consider myself greedy because I cashed out little by little when it was reached to some important levels. So I already got my investment money out and I have my bitcoins in my wallet.

some people may hold this cause they wanted to have a great things also to be and we cant say on how does as a person may take that opportunity of having it and they just hold it so better to not judge it easily cause we have some personal matter why some are holding bitcoin this is not as a greedy thing.
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