Quote from: PX-Z on Today at 12:00:01 AM

Quote from: robertcarlyle on April 25, 2025, 07:10:54 PM

What do people mean when they say to hold on to bitcoin? If someone wanted to spend 300k usd of bitcoin should they spend this amount as soon as they have it or wait longer until its worth a lot more than just 300k usd? How can this be determined?

It really depends on the individual. Some people actually follow through when they say they’ll sell a certain amount at a specific price, they already have the funds on a trading platform with a sell order in place. Others, however, are just expressing their ideal target, keeping the funds in their personal wallets without any actual sell order set.

I just want to make sure it's different from the famous term "hodl" in the cryptocurrency market.

For me, the common belief is the future of Bitcoin. If you think Bitcoin will be worth much more in the future, let's say $500k or $1m, or even higher. This, for me, might make sense to hold for a good reason.

If you believe in Bitcoin for the long term and you don't urgently need the money you invested, many would say hold.