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?
Hold is a term used by the forum members here to hold on to Bitcoin for a long time without selling them. This use to vary from 4 years and above until your profits target is reached. The four years minimum is the time it takes for a Bitcoin cycle to complete where we happen to see a bull run happening and we see Bitcoin making new all time highs, this period gives a good return to those that have invested earlier in Bitcoin and hold for a long time till this bull cycle period. About your second question, it is unclear what you are asking, 300K USD to invest in bitcoin as a start, or waiting till the price gets bigger before buying? I can’t still assimilate the question well OP.