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
This is a difficult question to answer as it will depend on what are the reasons behind holding for so long, some people do not have an exit strategy, basically they were just lucky they invested in the right coin and now they have so much profits they do not really know what to do and they keep holding their coins, others are simply greedy and in the case of bitcoin maximalists they are not really interested in selling at all and will hold their coins forever.