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You would be surprised about how many old people prefer to die with a lot of money in the bank and under their pillow instead of buying watches, cars or go on a cruise. Many of them own a house or two because they prefer to be independent. But the main reason is what once you reached a target you worked towards for many years because you always thought you want pure luxury all day long, there is something going on with many people that keeps them from sending their money without thorough consideration.
I believe that bitcoin is such an asset. Sure if you are a whale and you are sitting on a bag of 30,000 BTC like Tim Draper, selling some wouldn't hurt you, but often times even these people keep this asset. Draper bought at just over $600 and still holds 29,600 BTC. Why? Why wouldn't someone who bought for a little less $18 million not sell for $18 billion? It's a question someone should ask themselves before they consider getting rid of their holdings because they feel like buying a new car.
Good example but no good points to conclude. I am very impressed with those who have invested in bitcoin for a long time, especially those who are able to maintain their lust for not taking profits.
It is indeed quite unfortunate if someone has great wealth but does not realize their dreams and does not mean the money they have.
We or I myself live very simply and have many dreams that I have dreamed of so far, so the investment in Bitcoin that I have been doing has almost entered 2 years with routine accumulation every week. So in that case I have a target in investing in bitcoin, maybe the long term is around 10 years, if I reach a level of satisfaction it does not mean I will sell my BTC ownership but I will realize my dream, maybe I have explained in the previous post.
It's up to those who have lived in luxury before because they are descendants of rich people. So money will no longer mean anything, they don't even have to buy a luxury car or a luxury house because they are provided with luxurious living facilities by their parents or by the government.