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?
it is a good strategy. It goes like, you buy 10 btc with your money. and if btc price now doubled from you bought, you sell your 5 btc and still have 5 btc,
equal to your amount money.
but it will need long time for the coin to increased. Patience is required to do this kind of strategy.