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
The situations after which such questions as your appear because people dont want to spend time doing research on what they buy and dont have a plan at which price they must sell. This is not just greed, this is lack of knowledge, combined with laziness and discipline.
I suppose you have written "1000x profits" just as an example, because no one hold altcoins for that long. Usually after seeing x10-50 no one could resist hitting sell button. I can admin there are individuals who has really bought and wait for "1000x profits", but their investment is so low and the probably would have bought something worth 1sat per token or coin.