Post
Topic
Board Bitcoin Discussion
Re: Spend or HODL Bitcoin during COVID-19?
by
matchi2011
on 04/12/2020, 04:51:43 UTC

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?

It actually depends on you. If you have enough money to support yourself or your family for a living during this covid-19, then you should stay to hold your bitcoin. You shouldn't spend it as much as you can since there is no one who can tell what would be the worth of it in the next following months.

If you allocated your bitcoin for investment and you have separate funds for your needs even during this pandemic, better continue
to hold and wait for more good news that happen.

Bitcoin again gaining support from businesses and investors. With this continuous run expect to see more pumped possible to reached
$25K-$30K after this year.