Bitcoin price is rising up in rocket speed and penny-pinching mind is always yelling that hold.. hold and hold your Bitcoins. Don't convert to fiat or spend them. But, there's a big risk...what to do?. This is a question somebody asked me today.
I didn't answer at him, but, thought deeply about that and got the following mind.
If you've 10BTC convert 5BTC into fiat and wait until the remainder is reaching to 10BTC and do the same again.
Is this a good advice?
Throughout the BITCOIN history, it has been going up and down. To answer your question, I'd rather sell the BITCOIN while it's still bullish, then ride again, once the price goes down again. It is very volatile in nature, the number of times that it will go up and down, will show how many times I could earn profit from it. I may not get BTC at the lowest price as possible, as long as, I am happy with the profit, I'll stick to my strategies. I'll probably keep a small portion, but, will probably trade 75% of my portfolio.