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
I'd say that being greedy is buying and selling all the time, trying not to miss a tiny chance to profit even a little bit out of the price dynamics. As for long-term investors, they're ready to see their investments go down temporarily, but they don't quit in these situations. It can be about greed, of course, but it can also be about patience, or about truly believing in a project not only in its financial part, but in terms of ideologically supporting it.
I don't think there's anything wrong in being a trader or a long-term investor, as long as you realize what your priorities are and what you're doing it for.