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?
Since everyone really wanted to earn profits, it is themselves who are suppose to decide when to convert and when to hold. Investing in Bitcoin is always risky. If you really have the guts to hold and you still have fiat to use for your daily living, why not hold it? And if you really need some money, go ahead and cash out the half. It depends on the situation though, you have be careful.