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?
What we mostly mean when we say you should hold on to Bitcoin is to hold Bitcoin for long period of term instead of selling when you have little profit.
Bitcoin is the most reliable cryptocurrency in the world, it is treated and trusted because it has been in existence for long and people that have their trust in Bitcoin are always winning.
It is a weapon against inflation because if it store of value, it is decentralized cryptocurrency that has given us financial freedom that is why it is always advisable to use Bitcoin as your future savings because you will profit from it and the value will remain the same.