Post
Topic
Board Speculation
Re: Convert or HODL?
by
Wintersoldier
on 10/03/2020, 13:35:55 UTC
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When the price of Bitcoin started to drop last 2018, some of the investors who bought Bitcoin at the top choose to hold their Bitcoins instead of selling it because of one word. "TRUST".

Now it is a challenge for the investors if they are going to convert their Bitcoin into USDT or just hold and just accumulate more. Well if you are a trader then you can do it but if you aren't a trader then it will be better to just hold it for quite a while since many are expecting that Bitcoin's price will increase before the halving despite the current events that is happening right now and because of this sentiment, it can make the price go high as more investors will buy BTC.
It is really challenging for every bitcoin users to decide whether you will hold or convert your bitcoin into USDT or fiat because the price of bitcoin is really unpredictable that we can't really say when will the price will go up or down due to it's votality. I think it is better just to hold your bitcoin just like what we did last year of 2018 because sooner or later bitcoin could increase it's price back again.