Imagine a $7k price rise into the current $43k+ price of bitcoin making it $50k, a recent holder will be triggered)tempted to jump into selling to make dollar profit forgetting that the idea was initially to hold for a long long period accumulatively without tampering regardless of the market price, but to an earliest holder such a price increase is next to nothing or less because he had seen many higher price increases in the past than what he's getting now and to him the holding target continues even after the next ATH. It will take a lot of discipline and determination to hold irrespective of what come may in price for a recent holder to find himself in the lines of holding for long as expected.
Those who held Bitcoin all the way from $7k to $50k are probably
lifetime holders. They would have concluded that no matter the price of Bitcoin, they will hold it. They would have overcame the temptation of taking profit that many investors usually do. That price range actually shows such person have seen two bull runs yet still holding so I don't think there is any basis for comparison between such old hands and some new investors that have nit witnessed any bull run.
so sometimes we do likely have to try to figure out whether guys really have long term intentions or if they are merely engaged in some kind of flipping practice or pursuing dollars, which seems to then result in trading rather than investing, even though there still might be profits involved, but not the kinds of profits that would come from both longer term holding or investing over a long period of time, and then the earliest purchased bitcoins will likely have higher levels of profits than the more recent purchased coins, yet it also seems that the longer and longer that we stay invested then we will be building and building the size of our BTC stash and the longer that we are in, then probably the more likely that we are going to have older coins that have gone up a lot in value.. perhaps both exponentially and having several compounding events.. and at least those are goals, even though they surely are not guaranteed and even along our bitcoin journey we are also likely going to experience a lot of volatility along the way and have strategies in place to deal with the likely to be near inevitable volatility without panicking.
Many are not interested in any investment that will take up longer time probably with the notion that they are not going to live longer enough to enjoy it neither do they want family or generation to enjoy it or that they are much comfortable with their current condition and refused to take a step.
I do not know about people like this and even if they exist, it could mean such a person is sick of terminal disease of which doctors would have informed him his health status and how long they might possible live. It could also be someone that is healthy but very old to think about investing rather enjoying the retirement and remaining days of their lives is their major concern. Apart from other of these categories, it does not really sound nice to me that someone will refuse to plan for their children and heirs and would want to lavish all he has worked for without leaving a legacy and something the next generation can build from.
To be honest with you, such discussion is outside the scope of our discussion here because we are talking about how to invest in Bitcoin and hold for a long time. If we go into that discussion, it might distract us from the topic of this thread.