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
It's not greed to take profit and it's not greed to wait for the price to go way higher. But what you need to understand is that price normally goes up and normally goes down too. It's not going to continue to rise like there are no sellers and there is a way to better understand that the price will continue to go down if indicators say so.
The only worth holding for long term is Bitcoin or the coins you believe so much which holding means staking and the quantity increases. If these criteria aren't met, then just trade your coins. No coin is worth holding for long term unless you are staking a real good token.