Is it wrong to be a long term holder

[pawanjain]

Being a long term holder is not that easy because there comes times when it is so tempting that we get the craving to sell whether it be because of a bull market or a bear market.
But still many people keep holding on to their coins because somewhere in their mind they have decided not to sell until a specific price has arrived.
This is generally when they believe that the particular coin will definitely reach that price or may be because of greed.
Even I believe that the coins in my portfolio will definitely reach a price I have in my mind.
Also, long term HODLing can give massive gains which even trading cannot give sometimes.
So being a long term holder is not wrong but actually a tough job.

[tulusikhlas]

It takes a lot of practices and patience, you have to be mentally tough as well not to be tempted to sell when the price is high. But in any case, not that bad to take profits from time to time and then buy then continue to hold, that's also a good practice.

And for those who doesn't sell at its peaked, maybe they know that this coin is going to be worth ever higher in the future. The key thing here is timing, and then you also have your goals. So holding is not for everyone I guess.

That's what makes us impatient, maybe visiting the market often is one of us being tempted to sell it too early. I think this is quite reasonable, when we have quite large assets and the more we visit the market, the more it makes us easier to be tempted to sell because seeing the price rise a little, we (especially me) are more easily influenced.

[seleme]

If they sure why not? there is no human who is not greedy. All greedy!!. This could have happened to them in the past, there may have been a regret selling their coins last year and if they survive this year will get 1000x. Based on their experience they would be sure something similar will happen. And if you look at the last 2 years, I think everyone is getting a big profit if they sell their coins nowadays.

Fear and greed are the root of all evil, the more we want the more we loss in the long term. That is reason having a trading plan prevents such  down in trading journey and traders will not keep chasing that trend anymore.

[Slow death]

this is the problem of greed, most people are not investing for the purpose of making a profit and spending in the real world, they are investing to make themselves look like they have been doing hodl for years or just to be enchanted by numbers they look in their wallets, Is sad that this happens because what is the sense of doing this? the person has already made 1000X profit so why the hell will he continue with the eternal hodl without spending the coins? I don't understand this way of thinking

[irsykes]

Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future? Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there

Usually long term holder have their own target in what profit they will take so it is worth the waiting. I think it is not greedy because people usually not want to waste their time when they wait for a long time and take profit less than their target. Greed or not is depends on what style of his trading activity. And there are only thin line between greedy and what they aim, as long they can get profit i think it is not a problem.

[TelolettOm]

Everyone has a choice, both as a long-term holder and also as a trader.
As long as you know your position and also your own strategy, just do it and go on.
Nothing to think about what people say because they will say differently.
There will be some pross to holder but vice versa will prefer to trade.
As long as we know what we are investing will be worthy in the future and we know the risks, why not?

[reza7777]

Refuse to sell when the price is high because humans are greedy and there is nothing wrong with those who become holders and get x1000 profit. those who survive are those who benefit

[Boomber]

Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future? Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there

maybe they simply have strong believe that the coins and tokens will worth more in future, but if the price has increased by 1000x, then I suggest it is better to sell it and look for a new project to invest, because the profit earned is already very big (1000x), therefore if I were in that position, then I would definitely sell it and invest in another project, because if I am greedy, then of course I can lose the opportunity to get 1000x profit.

[TinaK]

Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future? Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there

Sometimes greed will lead us into a losing position and I think, we should have our aim targeted profit in trading.
Long-time trading is a safe method in all trading methods, all you have to do is wait for it and set the desired amount of profit when there is a bull run come. Bull run was always expected right after 4 years when the next halving will successfully come, so in the long term, potentially it will create another ATH in the future right after 4 years or 5 years of waiting.

[Ziskinberg]

Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future? Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there

Sometimes greed will lead us into a losing position and I think, we should have our aim targeted profit in trading.
Long-time trading is a safe method in all trading methods, all you have to do is wait for it and set the desired amount of profit when there is a bull run come. Bull run was always expected right after 4 years when the next halving will successfully come, so in the long term, potentially it will create another ATH in the future right after 4 years or 5 years of waiting.

Too much greed will lead you in the wrong direction, that is certainly a thing it will happen. I can remember how I lost my chance to sell my coins during the last Bullrun as I was thinking for more. This could never change if we never change our attitude.
Not all holders had to get rewarded but if we hold Bitcoin, ETH, and BNB, I've become certain that we gain profit from them.

[Twinkledoe]

Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future? Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there

Sometimes greed will lead us into a losing position and I think, we should have our aim targeted profit in trading.
Long-time trading is a safe method in all trading methods, all you have to do is wait for it and set the desired amount of profit when there is a bull run come. Bull run was always expected right after 4 years when the next halving will successfully come, so in the long term, potentially it will create another ATH in the future right after 4 years or 5 years of waiting.

Too much greed will lead you in the wrong direction, that is certainly a thing it will happen. I can remember how I lost my chance to sell my coins during the last Bullrun as I was thinking for more. This could never change if we never change our attitude.
Not all holders had to get rewarded but if we hold Bitcoin, ETH, and BNB, I've become certain that we gain profit from them.

Only the solid alts will be worth holding long term. But most, like about 90% of alts are not worth holding long term. When you see the chance to sell and you are already in profit, better discard it and not wait for it to miraculously go high without reason. But there's nothing wrong being a long time holder because it is your funds, but it is better to be smart on things rather than lose your investments.

[Botnake]

Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future? Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there

Sometimes greed will lead us into a losing position and I think, we should have our aim targeted profit in trading.
Long-time trading is a safe method in all trading methods, all you have to do is wait for it and set the desired amount of profit when there is a bull run come. Bull run was always expected right after 4 years when the next halving will successfully come, so in the long term, potentially it will create another ATH in the future right after 4 years or 5 years of waiting.

Too much greed will lead you in the wrong direction, that is certainly a thing it will happen. I can remember how I lost my chance to sell my coins during the last Bullrun as I was thinking for more. This could never change if we never change our attitude.
Not all holders had to get rewarded but if we hold Bitcoin, ETH, and BNB, I've become certain that we gain profit from them.

Only the solid alts will be worth holding long term. But most, like about 90% of alts are not worth holding long term. When you see the chance to sell and you are already in profit, better discard it and not wait for it to miraculously go high without reason. But there's nothing wrong being a long time holder because it is your funds, but it is better to be smart on things rather than lose your investments.

Its never a bad idea to be a long term holder as long as you are holding those coins with great potentials. For sure they will be more worthy in the years to come.

However, holding them for the rest of your life might sound stupid already. How can you enjoy the profits if you are already weak and dying? So always think of the usefulness of the coins while they are profitable. In that case, you are not being greedy already as you have your concrete plan how to make use of your profits and be more productive.

[Dread Pirate Roberts]

Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future? Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there

there are many possibilities and surely everyone has their own opinion why someone can be a strong holder and other people are very easy to FOMO in the market. because in the end, according to someone's opinion, each assesses an investment asset that they choose in the coin. and looking for 1 project out of thousands of projects is not an easy thing either.

[Gayong88]

I will try to take from here: https://prnt.sc/1rs2exg is one of the statements from CZ.

So, what can we take there? Most people find it difficult to hold crypto long term, when they go up they want to quickly take profit for fear of going down, when the market goes down they immediately panic selling. This means that if you are used to crypto and live your daily life using crypto, then you will get used to long-term holding without thinking about selling. The point is that crypto is a part of everyday life, not just a trading & investment tool.

[Cvetik56]

It's not wrong. But it's dangerous with some coins. BTC and ETH for example you should HODL. Others are questionable. But HODLing is also not great thing because stays without any moving and it doesn't provide anything for market. If everyone would HODL nothing good wouldn't happen.

[Ever-young]

It's all depends on the situation, most times it's base on their decision before they accumulated the coin and their the budget they have for it.
If the Budget is to hit 1000 × without it getting their most people won't sell.
I have a friend who have been saving 4 eth since 28th Feb 2017 and he said until eth hit 10k $ each that he is not selling any single one of it.

[zachyboy090118]

Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future? Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there

Long term holder is have strong faith in the token they holding and expect that it will pump through over the years. Holding token in long term is cannot be called greedy as what i have said they believe and have guts that it will be more valuable the more they hold it. Some other holders refuse to hold in long term because they want to earn in instant but they never expect that it will be the top 10 highest value in crypto in the future and so thats the time they regrets at the end of there cryto journey on that token they missed to hold.

[trauchot]

Many investors want to get as much profit as possible from cryptocurrency investments, and even if the price of the cryptocurrency in which they invested has grown in tens or even hundreds of times, they do not fix the profit and they just wait when this cryptocurrency will grow even more, but the fact is that this cryptocurrency can again fall in price and then the profit will be much less or in general the price of this cryptocurrency can fall to the bottom too, then it will be possible to say goodbye to your investments, well, generally speaking, each cryptocurrency investor has his own investment goals and each investor decides for himself when to fix profit.

[budiwicaksono]

I consider myself as a long-term holder. Because of my situation right now with my full time job and other stuff that I do, being a long term holder is the only to invest in crypto for me.

[distr@yopmail.com]

It's greed in a way. There are people who are ready to sit in a certain asset for a very long time no matter what. Any strategy is correct if it brings you money.
To sit in one asset for a long time you must definitely not depend on the fluctuation of its price and its value.

that's what's important. but for those who are just starting in crypto investing. he will continue to watch the market and may panic when he sees the market fluctuates. that would be their fault. there are also errors in selecting assets. this is the most serious. choosing assets without understanding how their project will run for a long time or will just run the hype.