Quote from: mezzaluna on Today at 05:35:22 PM

Quote from: Abiky on October 31, 2020, 11:05:23 PM

It seems that during these times of turmoil, Bitcoin's prices are increasing at a slow and steady rate. Since the mainstream economy has been on a downfall, people have been resorting to Bitcoin as a store of value. This gives Bitcoin "hodlers" greater spending power than before in terms of Fiat. You can now buy more things with Bitcoin than you did before COVID-19.

What would be the right thing to do during COVID-19? Should I spend Bitcoin or should I just "HODL" it? The more Bitcoin's prices increase on the market, the more tempting it is to spend one's Bitcoin holdings. But at the same time, you want to "HODL" your Bitcoin for the next ATH in price. What would you do?

Any advice, recommendations, or suggestions will be greatly appreciated. Thanks in advance.

That actually still depends on the people HODLing their Bitcoins since some users are victim of job loss and they are in need of fiat. Although this pandemic is a good time to invest on Bitcoin since more people have the opportunity to learn about it and they would also invest resulting in more buyers of Bitcoin. HODLing is for people who can live those easy lives and cashing out your Bitcoins is also a good idea if you really need that cash.

Preferably I would totally hold especially in the times of pandemic since it's hard to earn money at this time and most of the people lost their jobs because businesses are close.

I mean holding is always recommended at all times, but still, the decision is up to the one who holds the bitcoin at definitely depends on your own situation.

For some investors, this pandemic could be an emergency so we could really blame them if they need to sell their holdings at times like this. Still, just make sure that you are making a small or big profit whenever you are going to sell your investments.