Quote from: RagnarTheThunderer on Today at 07:47:07 AM

Quote from: robertcarlyle on April 25, 2025, 07:10:54 PM

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?

When people say "hold on to bitcoin" they usually mean keeping it for a while hoping it'll be worth a lot more down the line. If I had $300k in bitcoin, I'd be really careful before spending it all espercially if I think it could get even bigger. But crypto can be such a wild ride so it's tough to figure out the perfect time to sell or use it. It really just depends on what I'm aiming for with my money and how much risk I'm cool with taking.

Nobody would forbid you to take off the creams from time to time - it's natural to do it that way, rather than going all in and converting all the BTC you've got..