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 holders of course have a good analysis and are ready to take risks that will occur. I'm not saying they are greedy, all crypto users have set the flow to invest both short and long term, and they have studied the market potential well. and even if this error occurs it also does not reduce the finances they have because long-term investments only expect profit targets, all daily needs have been well managed and that is money outside of their investment.
It's just that long term holders are more patient and hopeful that the price has all the chances to get higher than the set ATH. It might be a little greed for sure but i don't think someone might be responsible with your account because its your investment so you have all the right to sell it or not.
I admit it sometimes i tend to be greed because i know the coins will still be worth more and sometimes i became profitable, sometimes i also end up selling at the dip. But i never regret all what i did because i know i'm all responsible for my own actions.