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?
Hodling doesn’t necessarily mean you get to spend it. It makes you see Bitcoin for an asset of true value and treat it in the same way you would have treated just any other asset of value out there.
Assets are not properties or investments you sell at the closest need for funds. It’s something you expect to be worth even more in the future and that’s the concept that hodling is banked on. You hodl for your Bitcoin to have even more value, only spending a portion of it when it’s unavoidable.