Not all investors have the same time frame when it comes to sticking with their investments. Investment time frame tend to vary from investor to investor, but that shouldn't really matter as long as they're making a profit. Institutional investors may be different, they tend to get a longer time frame than personal investors.
Surviving 5 to 10 years in an investment asset that has a high risk of volatility like bitcoin probably would not be considered by all people hoping for profits between ATH. They will sell it and enjoy the profits all year round. But the principles of investors are the same, yes they tend to stay on longer time frames.
Yeah.. you can fuck around all that you like.. including selling BTC when you are in profits. But part of the focus of this thread is to frame bitcoin as a longer term investment, which is that 5-10 year time frame, so yeah, you can see profits at some sooner timeframe, and you can take profits, and so fucking what? You made some dollars, and you might end up getting screwed if you sell too much too soon.
There is a bit of a value proposition that is being presented in terms of bitcoin potentially serving as a kind of asset that you are not fucking around with.. you are accumulating it and building it for the long term.
And, sure on a personal level you can do whatever you like, including ignoring bitcoin's value proposition, valuing your wealth in terms of dollars and try to time the ups and downs of bitcoin and end up selling too much too soon.
Don't get me wrong.. I am not even against some folks to consider investing into bitcoin in terms of shorter time horizons, even though probably it used to be the case that I would tell people that it might NOT be a great idea to invest in bitcoin if they did not have at least have a 4 year time horizon. These days, I still largely stick with the 4 year time horizon as the minimum, but I also suggest that maybe if your time horizon is less than 4 years, then you would just take a smaller position size.
Part of the truth of the matter when someone might either start to get more elderly in their 60s, 70s or 80s, they become somewhat uncertain about how long their time horizon is, as compared with someone who might be in his/her 20s, 30s, or 40s who might be saving up for a house or some large purchase, so the time horizon has to do with considerations of when they are wanting to be able to make those larger purchases, rather than end of life and/or retirement considerations.
Surely each person has complete discretion regarding how to manage his/her investments, yet many times in bitcoin we might be talking with (or to) folks who are either new to bitcoin or they are still establishing a position as a current no coiner or a low coiner, and also if bitcoin is considered as a likely longer term investment, then surely the considerations regarding building a potentially sizable BTC position does not necessarily deal with whether or not they might perceived that they are able to take fiat profits or potentially being able to trade some BTC for fiat in order to buy back lower at another date.. which surely many of the ideas behind this thread are suggesting those kinds of approaches to BTC are not what we are talking about here.. even though surely anyone is free to employ those kinds of strategies.
I know you're not challenging anyone who wants to sell their bitcoin less than 4 years after they invested. Of course it is their full right and they are responsible for the profits and losses. Most new investors can be unprincipled on longer time frames eg 4-10 years but that is certainly not our problem as you said. But if they are able to maintain it, then of course it will be much more profitable as many holders have experienced so far.
I tend to agree to the principle of holding in the long term, it's much more reassuring than me having to hold my assets in any other form. Therefore, it is basically believed that bitcoin is still very possible to get a higher price and so I would never say someone is guilty just for not profiting on the few percent increase from what bitcoin will do.
Despite all that, everyone will never be forced to hold bitcoin any longer as long as they can no longer afford to hold because of a high selling impulse in their minds. But of course selling some of those bitcoins is the wisest option instead of selling all of them. Again, it all really depends on the individual, so this is something that may not be the same as one another.