They are coming for your bitcoin, are you willing to concede and waste your treasure below anything less than we can possibly make?
Preserving/increasing wealth is a job in itself that requires skills and dedication, otherwise easy comes easy goes.
That being said, I don't think the average OG Hodler would easily fall into the above mistakes. (quoting bitserve)
Hold
Only a few rich people have this mindset with regards to Bitcoin so I don't think they are all in on it, however can you imagine how it will be when the time comes that a lot of billionaires will change their views towards Bitcoin? I can possibly see a price surge happening because of it since now we have news kinds of whales suddenly panicking to buy more and more Bitcoin in their portfolio. The downside ofcourse is them having a big control or influence in the market where they can short or go FOMO anytime.