Is this a good advice?

[gabmen]

Bitcoin price is rising up in rocket speed and penny-pinching mind is always yelling that hold.. hold and hold your Bitcoins. Don't convert to fiat or spend them. But, there's a big risk...what to do?. This is a question somebody asked me today.

I didn't answer at him, but, thought deeply about that and got the following mind.

If you've 10BTC convert 5BTC into fiat and wait until the remainder is reaching to 10BTC and do the same again.

Is this a good advice?

What you are referring is basically a concept of trading and holding as well, people will just invest and hold it for a very long time while they focus on their work in the corporate world.

Well that's not a bad idea at all and it's taking profit when it's available while still having a stash to make futher profit. Though long term holders wouldn't be thinking this way since the prospect of a major price uptrend is very likely if you hold for a longer time.

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[Johnzky]

Bitcoin price is rising up in rocket speed and penny-pinching mind is always yelling that hold.. hold and hold your Bitcoins. Don't convert to fiat or spend them. But, there's a big risk...what to do?. This is a question somebody asked me today.

I didn't answer at him, but, thought deeply about that and got the following mind.

If you've 10BTC convert 5BTC into fiat and wait until the remainder is reaching to 10BTC and do the same again.

Is this a good advice?

If you really trust bitcoin i dont see any reason why bothered by this situation but the way you have been asked this seems that you dont trust this coins that much.

Bitcoin is the best holding material for long term investing and theres no doubt about this,whats the problem is if youre buying bitcoin just to gain quick bucks this makes difference because the risk will be on this matter