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 the main reason why you must be driven by a goal you set or write down before entering into the crypto world or right after gaining some Bitcoins. This goal is drawn based on individual's preference. The goals must direct you as to how long to hold your Bitcoin and at which price to sell part or sell all.