The power of Bitcoin is as strong as the way the ring poisons the minds of its holders. Bitcoin is bullish and will increase in price in the future. We look at them like we look at our wealth. A wonderful, magical and precious property. We, we are all Gollum.
I don't want to be Gollum. I don't want to end in misery while I had Bitcoin in hand. No. So you are mistaken; no, not all from here are Gollum.
I used to use it as a currency in the past (was approximately back in 2013-2015, I'm not sure) and I'm pretty sure I'd prefer not having spent that money for something that I could have bought with real money. Can't say I exactly regret it, since there was no possible way I could have predicted it, however, I'd rather have my BTC now.
If one has plenty of income to just live good, I think that he can afford to HODL. Meaning hold forever.
But the normal people have to spend - sooner or later - also parts of the investment. Of course, it can be spent well or it can be spent only for the sake of it.
But looking back and wishing you did different is counterproductive. I've spent too. I will probably invest more, I will probably spend more. Life goes on.