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?
HODL simple means buying Bitcoin and stacking I. Your wallet either weekly or monthly till you achieve a reasonable or sizable amount of Bitcoin in your portfolio and HODL for a very long period of time. Maybe each time you receive money from any source of income, you invest a little portion of it into Bitcoin steady until you have achieved the amount of Bitcoin you want in a specific period of time. It could be 10 or 20years. The ability of buying and stacking without selling for that long duration is what they mean by HODL.