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?
If you can invest it in bitcoin it is fine , but no one can decide for you on how to spend your money. When it comes to investment it is personal and you have to make decision to invest and to spend your money. I will advice you not to invest your money into what you don't understand. If you are planning to invest in bitcoin, it is best if you first understand what bitcoin is all about . You need to understand bitcoin market us volatile and it is not an investment to get rich quick but a longterm investment. If you understand bitcoin very well, you will know how to invest your money and you don't need to seek the opinion of others how you can spend your money.