I understand the whole tactic of holding bitcoins for long term profits. But the whole point of investing is to gain profits and use them for your own benefit, much more during in times of need or emergencies. If you find yourself in a situation where there is an emergency and your hesitant to cash out some btc's because you still believe that its value will go higher, then the whole point of you investing is somewhat gone/changed. The notion of "holding for as long as you can" is very unrealistic, because you can't do that in real life. At some point in life, we're gonna have to cash out btc's for us to use them or do you expect to "hold" these until you die?
I like and agree with your opinion mate. This clearly says realistic events in a life of an investor. Everything in this world is nothing but some sort of survival and luck. What you have said is correct because it also applied within my situation as a hodler. My plan is to earn, buy and hodl Bitcoins but there came some unexpected emergencies which will lead to convertion from BTC into fiat currency. It all depends in every situation we have. Wealthy people choose to hodl without any problem but for an average or the lower status in the sociesty cannot do that because poverty may sometimes or even always pull us down. In life nothing is certain and we'll never know what will happen.