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?
For me BTC is good for long term investment but it will ony depend on the value of the BTC. It will still depend on you on how you will hodl your BTC, you should study how to hodl the BTC how you will make your investment big, how you will make big earnings from BTC. You should not depend on someone's opinion you should know how to dO your own strategies. You can get your own strategy buy trying it on your own. if you do not try it first you will never know how you will do your strategy.