It all depends on your risk tolerance - what is your stop-loss and take-profit based on your purchase price(s). This should help you decide when to HODL and when to buy beer with your BTC. This is important for anyone who have invested to learn especially when BTC price has exceed ATH by a large margin, technique analysis and fundamental analysis (fundamental analysis doesn't have to only base off of financial statements ) utilised by the mass is what's going to drive mass adoption. At which point, the price will be in equilibrium and volatility will become stable (stabler).