Post
Topic
Board Bitcoin Discussion
Re: Is holding bitcoin Greedy?
by
paulmaritz
on 10/03/2018, 19:51:30 UTC
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?

Nah, Bitcoin has become the gold standard of cryptos. It sucks that it is no longer electronic cash, but greed is not the primary reason for holding it. And yes, hodlers could end up with nothing - or they could be richly rewarded for holding onto it. It is part of the risk attached to holding Bitcoin (or any crypto for that matter). 

Greed is when one gets a second mortgage to go all out into Bitcoin... risking the whole nine yards. That is irresponsible and greedy in my opinion.