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?
I don't know why you decided to ask this kind of question, OP. Because i don't expect any member who has been in this forum for even one month should asked this kind of question. It's funny that this account has been registered for over six months and has made over 80 posts without knowing the definition of Bitcoin or the meaning of "hold."This seems like you are not reading other people's posts and comments but just coming to the forum to post whatever you feel and whatever you want to post.How can you ask the meaning of hold on to Bitcoin? Even from the word "hold," you should have been able to understand the meaning.Again, I don't know why your question is not straightforward.By the way, the meaning of "hold on to Bitcoin, is for someone to keep their Bitcoin without selling it for a short period of time. Also, you should know that Bitcoin is volatile in nature, meaning it is not a stablecoin. Bitcoin's value increases and decreases over time and that is why it seen as investment.