You should do both!! HODL for life while spending your bitcoin on your life! IT is a currency as is meant to be spent. Enjoy it when you know the price is up high and don't sell or spend it when you feel the price is undervalued. This is really the best advice I can give.

This is also why crypto that is backed by more than just itself and the blockchain is better to invest in since you can get real-world products and services in exchange for the crypto instead of just a dream.