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?
This is actually how investment works. We need to take out the capital we initially invested from the equation and roll over whatever profit we got from that capital. In this way, there is zero possibility for loss because we took out the amount we started with. So we are now working with whatever profit we made. This is when the fun starts because everything we will be playing with, whether the price goes up or down are now all profit.