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?
Holding on to your Bitcoin assets is the process of keeping Bitcoin that you have invested for a significant period of time it allows you to wait for a while while your bitcoin investment appreciating over time, it's said that the key to Bitcoin investment is to hold as far as possible.
Holding on to your Bitcoin assets depends on the individual involved because different persons have different mind set there are people who only invest for a short period of time and there are also people with the mindset of investing for the long run
Anyone who is investing in Bitcoin is thinking about running it for a long time, which is why he does not give up Bitcoin in a hurry or worry about it. You are right that there is a little wait in Bitcoin, but after that it also gives a lot of success, which is more than we think. This is the biggest sacrifice to hold Bitcoin for a long time, but some people are not patient in this and ruin the price of Bitcoin and cry later.
This is the biggest thing because if everyone invests in Bitcoin, it will be easy for everyone, but there are some people who do not tolerate Bitcoin for long. Your thinking is similar to mine, which is why we will not have such a long discussion on Bitcoin and it is only beneficial to run Bitcoin for a long time.