How should I use the new static option for @ViewChild in Angular 8?

How should I configure the new Angular 8 view child?

@ViewChild('searchText', {read: ElementRef, static: false})
public searchTextInput: ElementRef;

vs

@ViewChild('searchText', {read: ElementRef, static: true})
public searchTextInput: ElementRef;

Which is better? When should I use static:true vs static:false?