Greed will catch up with you.

[Xiaoma]

I think lots of people cannot see the difference between long term greed and short term greed.
The first is good, nothing wrong in having a profit in months or even years.

The things that really worries me is the short term greed. And I think this is what the OP was talking about.
When people accumulate a quite large amount of BTC planning to dump it all in the short-medium term (like in the next month or 2)
That is going to create a bubble now, and a large crash soon, and this will make Bitcoin life difficult for long term adoption.
Those are the kind of people that would not care if Bitcoin dies as soon as they got their gain.

Call me paranoid, but I would not be happy if those people were the majority of the new entrants. I'm here for the idea. I don't even have any coin anymore because I'm waiting for the crash... price doubled in a week, a large correction is due soon.

[1714048788]

1714048788

[1714048788]

1714048788

[Gordonium]

Greed will save us all.

[UltimateReaper]

I believe that believing in bitcoin means you don't need to fear the greed.

It's in it's infancy, and like it or not growing value of bitcoin only increases it's power as a currency.

At anyrate I totally agree with your sentiment and see where you are coming from.

In my opinion anyone with 1 million dollars to invest doesn't need to do so in the first place. I mean, with that much money it really is nothing else but greed.

At the same time the money influx helps the currency.

Its far too early to tell though, I am no expert. Who knows

[Matthew N. Wright]

In my opinion anyone with 1 million dollars to invest doesn't need to do so in the first place. I mean, with that much money it really is nothing else but greed.

I'd think it's the opposite. I'd think with a million bucks, Bitcoin would look like a liability of loonitarians, and would *only* be due to pure unadulterated curiosity and boredom from being too wealthy that any investment into it would be made. There are of course people with lots of money who would believe in the tenants of Bitcoin, but bitcoin itself...hmm..that's a tough one.

[crazy_rabbit]

In my opinion anyone with 1 million dollars to invest doesn't need to do so in the first place. I mean, with that much money it really is nothing else but greed.

I'd think it's the opposite. I'd think with a million bucks, Bitcoin would look like a liability of loonitarians, and would *only* be due to pure unadulterated curiosity and boredom from being too wealthy. There are of course people with lots of money who would believe in the tenants of Bitcoin, but bitcoin itself...hmm..that's a tough one.

I agree. If I had a million dollars, and ONLY a million dollars. I would hoard that fiat like a muther fuzzer. Maybe $50K into bitcoin, but no more.

[adamstgBit]

In my opinion anyone with 1 million dollars to invest doesn't need to do so in the first place. I mean, with that much money it really is nothing else but greed.

I'd think it's the opposite. I'd think with a million bucks, Bitcoin would look like a liability of loonitarians, and would *only* be due to pure unadulterated curiosity and boredom from being too wealthy. There are of course people with lots of money who would believe in the tenants of Bitcoin, but bitcoin itself...hmm..that's a tough one.

I agree. If I had a million dollars, and ONLY a million dollars. I would hoard that fiat like a muther fuzzer. Maybe $50K into bitcoin, but no more.

if had a million dollars, and ONLY a million dollars.... i'd keep my day job...

[UltimateReaper]

In my opinion anyone with 1 million dollars to invest doesn't need to do so in the first place. I mean, with that much money it really is nothing else but greed.

I'd think it's the opposite. I'd think with a million bucks, Bitcoin would look like a liability of loonitarians, and would *only* be due to pure unadulterated curiosity and boredom from being too wealthy that any investment into it would be made. There are of course people with lots of money who would believe in the tenants of Bitcoin, but bitcoin itself...hmm..that's a tough one.

If you're wealthy enough to risk a million and you are only doing so because you are "bored" you're doing this "life" thing all wrong. That being said you bring up a good point.

I harbor no ill towards people looking to grow more wealth, but I have to wonder sometimes. Money is useless, until it is used. What is the point of amassing a fortune if you never intend to use it?

To be fair I'd invest in bitcoin no matter how much money I had, however I was mostly referring to the poeple OP was complaining about. Pure greed, I suppose, brings a sufficient level of disgust to me.

[piramida]

if you had a million dollars, you would be spending your days thinking how not to lose it due to inflation or allocating into bad assets; won't speak for other millionaires but hedging some part of it with bitcoins is one of the best ideas on the market right now, provided you somehow understand what the hell bitcoin is.

[Gordonium]

A million dollars isn't cool, you know what's cool?

[Gordonium]

A billion dollars.

[Matthew N. Wright]

A billion dollars.

A billion dollars isn't cool. You know what's cool?

[Matthew N. Wright]

An ice-cream sandwich.

[btcinstant]

greed.