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?
I would say it is actually a good advice to embark on such. Bitcoin as a digital currency that is different from the virtual currency is still in its growing process and as such, hasn't reached its peak. So, it won't be a bad idea to hold.