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.