is greed good?

[bitkilo]

Is greed good or bad for bitcoin, could real greed hurt the market?

[gweedo]

https://www.youtube.com/watch?v=PF_iorX_MAw

Greed is good!

The real truth is greed hurts any market. Look at the banks... bitcoin can become that if greed isn't countered.

[bitkilo]

https://www.youtube.com/watch?v=PF_iorX_MAw

Greed is good!

The real truth is greed hurts any market. Look at the banks... bitcoin can become that if greed isn't countered.

But how can we stop the human instinct of greed? Is greed the biggest long term threat for bitcoin?

[gweedo]

https://www.youtube.com/watch?v=PF_iorX_MAw

Greed is good!

The real truth is greed hurts any market. Look at the banks... bitcoin can become that if greed isn't countered.

But how can we stop the human instinct of greed? Is greed the biggest long term threat for bitcoin?

Give greedy people lobotomies? How do you stop human you don't. Yes greed is biggest long term threat to anything that has value.

[bitkilo]

Thanks for the link it was good to watch again but I've had that shit memorized for years.

[bitmarket.io]

American Greed is a good show. 

[dipal]

Well Greed gives you to earn more and more .Greed makes you self centered and you only think about your own growth in terms of wealth

you become in some cases anty social in the greed of being wealthy . I dont  think greed is a good and it is a must avoid

greedy people always lose in the end because in their greed to earn more and more they take high level of risk and finally they are being scammed

by other people

[bitkilo]

Well Greed gives you to earn more and more .Greed makes you self centered and you only think about your own growth in terms of wealth

you become in some cases anty social in the greed of being wealthy . I dont  think greed is a good and it is a must avoid

greedy people always lose in the end because in their greed to earn more and more they take high level of risk and finally they are being scammed

by other people

Maybe but that only means that the greedy are being scammed by people even more greedy. It will never end.

[CoinsCoinsEverywhere]

What do you mean by, "good for bitcoin"?  If you mean higher prices, then greed will certainly help, until the ensuing crash, anyway.  Greed can also lead to more bitcoin businesses and bitcoin adoption, so it could be beneficial in that way, too.  But if you're looking for market stability, greed will be a hindrance.

[majakn]

no greed cant hurt btc market

only community have that power

[1Referee]

Greed is fantastic, it's in our human nature, we can't help.

If I were a banker working for Goldman Sach, I would take extra risk for a larger bonus.

I would manipulate markets to make profit.

If you don't do it, other person will do it. It's that simple.

Make something of your life, you only live once!!!

[bitkilo]

Greed is fantastic, it's in our human nature, we can't help.

If I were a banker working for Goldman Sach, I would take extra risk for a larger bonus.

I would manipulate markets to make profit.

If you don't do it, other person will do it. It's that simple.

Make something of your life, you only live once!!!

I think your right its in our nature and we'll find anyway to justify our greed, like first I'll get rich then I'll help others.
ps. I like your starting bid for your signature, any queries yet?

[ShibaWow]

depends

bitcoiners like to gamble

greed makes you bet too much and greed makes you forget when you need to stop, you can't be satisfied with the money you gathered and you lose everything..

today I lost 150 000 dogecoins because I didn't stop on time..

(my initial investment was 100 000)

hopefully I invested 1BTC on PrimeDice and withdrawn 1.1BTC so I'm out of the negative area

[yayayo]

One may debate if greed is morally good or bad. I'd say it's human nature, hence it's fairly neutral.

But regarding the effects of greed on bitcoin - essentially on the valuation of bitcoin - I'd argue that too much greed may harm bitcoin. That's because greed could drive prices skyhigh out of mere speculation without solid fundamental backing, increasing volatility and as a result of that leading to less actual use of bitcoin as a currency. I think bitcoin should not rise too fast in valuation without solid fundamental underpinning - that means business and customer adoption.

ya.ya.yo!

[1Referee]

Greed is fantastic, it's in our human nature, we can't help.

If I were a banker working for Goldman Sach, I would take extra risk for a larger bonus.

I would manipulate markets to make profit.

If you don't do it, other person will do it. It's that simple.

Make something of your life, you only live once!!!

ps. I like your starting bid for your signature, any queries yet?

Unfortunately not, but I'm waiting, and waiting, and waiting 

[HarryT1923]

i don't think greed is good. i think more evolved ways of living and viewing the world will develop eventually.

[brand]

Greed is good, its what drives us for capitalism. Its just when the banks fail - they shouldnt get bailed out which is socialism.

A true capitalism system, would be its over when do fail. So if you earned loads of bitcoin, eventually you start creating more business`s as the same.

Think about it, who gives you a check to pay the bills.

[sana8410]

I have an idea on how to stop greed on alt coins in general, thats why these coins fail. before the greedy bastards came in there were nothing but geeks having fun with bitcoin and mining for fun, not for profit. 

[HarryT1923]

I have an idea on how to stop greed on alt coins in general, thats why these coins fail. before the greedy bastards came in there were nothing but geeks having fun with bitcoin and mining for fun, not for profit. 

once bitcoin became worth real money, things done changed.

[Bitcoin Magazine]

Is greed good or bad for bitcoin, could real greed hurt the market?

of course it's good (if it's done in a stable atmosphere, i.e. crack dealers)