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
not a greed but everyone has their own target to determine profit. if the increase is not in line with the target, I think the person chooses to hold rather than take profit too quickly for an asset that is not necessarily on their target.
You are right, the level of purpose in investing is the most prominent thing for the reference. that the long-term holder does not care about temporary profits, because in the future he knows what targets await him ahead. Some people try to become long-term owners but clash with daily needs, so it will be very difficult to become holders if they still rely on money from this kind of investment.