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?
Something good to know about selling bitcoin. Why not, if you really need cash immediately, you can sell just a part of your bitcoiin or hold the other part then Sell it again next time when the price is right . If you can hold it unti you reached the desired price then hold . Its all up to you man. We can not intervene t9 your decision. If you think you will get lost, then hold, if you think you can do it next time ,then, release. There is no harm in. trying, there could be next time.