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Scraped on 16/04/2025, 17:14:25 UTC
I have heard people say a Bitcoin investor is greedy. Bitcoin investors always have plans on how they want to acquire Bitcoin, how long they want to invest, and at what price they want it to sell.

We were having a discussion and someone said he would sell his Bitcoin this year immediately the price gets to $150,000. Most people saw him as been greedy. They felt it was a greedy target since it was far above what they expect from the market this year.

I told them that in Bitcoin investment risk is synonymous with greed. I am not greedy because I am predicting a higher profit; it's just risk-taking. I am sure that ten years ago anybody who said he would sell at $100,000 might be generally seen as greedy. But today, they are celebrated risk-takers.

"Greedy"?  Why is it greedy to want to improve your station in life?  Aren't most people trying to help themselves and their families and friends by having a job, doing well at school, or helping others?   Is that being greedy?  Why would predicting a price target be considered being greedy?  It sounds like they are just jealous of the person.

The "greedy" people are the ones who think they have the right to the products of someone else's life, brains, ideas etc merely by the fact that they exist.  E.g. slave owning democrats in the US during that period and the same party today believing that they have the right to someone else's lives.  It is the reverse of what they are saying: they are being greedy by not wanting bitcoin to succeed so that they can get some.

I don't think even 10 years ago, anyone who thought bitcoin would be 100k weren't seen as "greedy".
Original archived Re: It's not greed, it's called risk.
Scraped on 16/04/2025, 17:09:18 UTC
I have heard people say a Bitcoin investor is greedy. Bitcoin investors always have plans on how they want to acquire Bitcoin, how long they want to invest, and at what price they want it to sell.

We were having a discussion and someone said he would sell his Bitcoin this year immediately the price gets to $150,000. Most people saw him as been greedy. They felt it was a greedy target since it was far above what they expect from the market this year.

I told them that in Bitcoin investment risk is synonymous with greed. I am not greedy because I am predicting a higher profit; it's just risk-taking. I am sure that ten years ago anybody who said he would sell at $100,000 might be generally seen as greedy. But today, they are celebrated risk-takers.

"Greedy"?  Why is it greedy to want to improve your station in life?  Aren't most people trying to help themselves and their families and friends by having a job, doing well at school, or helping others?   

The "greedy" people are the ones who think they have the right to the products of someone else's life, brains, ideas etc merely by the fact that they exist.  E.g. slave owning democrats in the US during that period and the same party today believing that they have the right to someone else's lives.