Is holding bitcoin Greedy?

[queenlaurel]

Hodling bitcoins is a relative reason. And majorly people see it as an asset that will appreciate over time. So, they buy to keep and as it appreciates, it can serve as a source of income over time when the need arises!

[mr.niwangz]

Holding bitcoin is not greedy it's about holding your earn and it's one of best strategy.I hold it because bitcoin will grow and more investment to come so this is not greedy at all.

[Ethernel]

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

[Ayaancool]

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?

Yes your right everyone holding their bitcoins for earn more as much as they can because they are greedy to fulfill their dreams even if it's me. But I love greediness in case of bitcoin.

[Ethernel]

No bitcoin is not a greedy it is crypto currency coin if you have a money thirsty so it is on your greedy but bitcoin is not a greedy.

[Carlsen]

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?

Keeping things you own, there is no greed in that.
Greed would be to maximise the number of bitcoins you own actively in the most possible way.
But by simple holding, you just go along with the market, nothing more. You participate in every up, but also in every down movement.

[kalawang]

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?

Based on what you've said they just wanted to maximize its worth means they willing to wait until the price increase . Be more patience in the you will see the good result its not being greedy its being patience.Since it is all yours no matter what happened to the value of the bitcoin its all yours

[btcminer6212]

It didnt come into my mind that actually will come up with dump point which is zero. The btc keep on recovering right now and I think it would be a chnce for us to keep and earn more btc when the time comes that btc goes up it will actually lead us to profits.

I just wanted to echo the entire feeling of this thread. Holding bitcoin isn't greedy from the holder's point of view. Most of the times, people keep their holdings to save it up for some special need in the future and not act rashly. Often times the people on the spectator point of view see it as greedy because they would also do the same thing in that position.

[Kuya Kim]

My personal view is Bitcoin has very good future and it is an awesome field to invest on. 
It went 1000% up in last 12 months. Even if you bought BTC a year ago, you would have x10 times investment by now..

So it is not greedy to hold BTC, still it is in up trend ! Boom. Moon !   

Of course not, holding bitcoin was never been greedy. It’s just mean being wise. Because holding bitcoin means investment whicj could make you earn a lot of money in the future.

[zitbau]

Yes . I agree with you this is a selfish greed. People are buying it and want to keep it for themselves. But this is a smart project. They realize the great benefits of it in the future. Certainly this greed will bring you many benefits in the future

[kkukkugaga]

For me it's not. First it's yours and I think you have all the control to that. Holding btc is a strategic plan so you can gain big profit in the future, and most users apply that because they know it's really working and that's the purpose of it.

[blackdon01]

t is not,holding BTC is not greedy.Everyone wants money,if people can earn moer money to hold BTC,than it is good...it is not like to be greedy.

[freshm4ker]

If you understand the existence of supply and demand, you will understand that holding bitcoins does not act greedily, this is a good way to store values and not limit the income there is always a trade every count per second.

[Carlos12]

Holding bitcoin is not greedy. Its just being smart,just like saving money. People just want to maximize the worth of their bitcoin

[Tanu10]

A greed person is one who is just concerned about him only and overlooks others needs. And It's like investing your money in to the future, so you can make more money from it.

[Nerobasta]

My answer to this question will be, no. Holding bitcoin is never and will never be called greedy. Its actually a strategy to hold on to an asset like bitcoin which is an online or digital asset until the price of the asset that you hold increased. As long as there is a price then the item or asset that you hold still bears an amount. The word greed only comes from hoarding items that you don’t specifically need and just hold on to it and not even caring of using it in the future what ever happens. While the strategy of holding is holding onto it until the prices soars up and selling it to a point where you are satisfied with the price.

[imapessimist]

I think there is a bit of truth in this.  Because say somebody bought at 10k a while ago and then it rose and rose and then started falling.  Well these people could have sold and made a good profit but they didn't they wanted more and more.  And now because they did hold the Bitcoins it has now crashed and they won't even get their money back. 

[rose9696]

I think there is a bit of truth in this.  Because say somebody bought at 10k a while ago and then it rose and rose and then started falling.  Well these people could have sold and made a good profit but they didn't they wanted more and more.  And now because they did hold the Bitcoins it has now crashed and they won't even get their money back. 

yes I have the same thoughts as you. Greed will never get good results. There are even a few who buy one BTC for only $ 8000 but when the BTC price reaches $ 12000 and they do not sell. As a result, they are still not profitable and they have spent a lot of time investing in BTC.
Let's be smart to think about the price of the altcoins. That is one of the decisive factors. Do not become too greedy and do not have much knowledge of cryto, you will suffer capital loss.

[cryptokismar]

I think there is a bit of truth in this.  Because say somebody bought at 10k a while ago and then it rose and rose and then started falling.  Well these people could have sold and made a good profit but they didn't they wanted more and more.  And now because they did hold the Bitcoins it has now crashed and they won't even get their money back. 

yes I have the same thoughts as you. Greed will never get good results. There are even a few who buy one BTC for only $ 8000 but when the BTC price reaches $ 12000 and they do not sell. As a result, they are still not profitable and they have spent a lot of time investing in BTC.
Let's be smart to think about the price of the altcoins. That is one of the decisive factors. Do not become too greedy and do not have much knowledge of cryto, you will suffer capital loss.

Absolutely, grade of greedy depends on your target. If you are going to hold any coin for short / long term and it reaches your target you have to sell it (part of your investment) anyway, if you don't that means you greedy.
We are all human have this property (greedy) and we have to fight with it. This fight makes different between succesful men and loosers.

[snedyolo]

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 so. I mean that is the part of bitcoin rule or any cryptocurrency for that matter, and that is to hold it until it's value becomes profitable. It is not being greedy at all, it is more of a strategy in earning more. Why would it be greedy to do the act when it is part of the rule or steps in order for something to be successful, right?