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?
Your question doesn't do justice to the subject of this thread. Holding onto Bitcoin literally tells us not to spend our Bitcoins no matter the level of volatility. Keep hodling until you get what you want. @GameKyuubi told us here in this forum about his personal experience and why he kept hodling even when others were selling, either out of panic or professionalism.
You can read further here:
https://bitcointalk.org/index.php?topic=375643.msg4022997#msg4022997If I am going to answer your question in this thread, I would say hodling onto Bitcoin can still apply in the case where you avoid spending your $300k worth of Bitcoin until it is worth more than that amount. You must also take note that when you keep hodling onto that amount, volatility doesn't bother you. You keep hodling until you arrive at your target or best price.