My father is anxious pertaining to the fall and rise in bitcoin price. He has four(4) btc and he is afraid to hodl. He wants to sell at a lower rate. Any advice for him?
I think it all depends on what purpose he pursues. Based on this, there are different options:
1. Constantly trade their bitcoins. Sell at a higher price, buy back at a lower price. This option requires a lot of knowledge, effort, time, experience and skills.
2. Just hold your bitcoins, but he need to set a goal, that is, at what price he wants to sell it. Until the price reaches the desired point, don't even worry. This is a successful strategy that doesn't require any special knowledge and effort.
3. Sell bitcoins at a loss and then regret it. Especially in 3-5 years, when the price of bitcoin rises to unimaginable values.
Since I do daily trading and make profit on this, my advice would be to study trading and start trading.
But a person doesnt always want to do it, so I consider holding as the second acceptable option.
The third option, in the situation with bitcoin, I consider stupid and unacceptable.
But let your father make the decision.