long term and investing is likely 10-20 years or more, yet frequently we refer to 4-10 years and above in order to include the possibility and consideration that there might be some people who might have shorter time-frames due to their age or their health or perhaps some other kind of life event that might cause them to have to sell in a shorter timeline..
You explanations are okay @JayJuanGee but talking about age as one of the factors that can lead to an investor deciding to sell their bitcoins earlier than expected, don't you think it will still be a good idea for someone who is quite old to pass the long term goal to their offspring instead of selling
Well you are not far from the truth but we can not deny the
Fact thatost people would like to sell their bitcoin in a short term horizon. Each individual has their plans on how to use their bitcoin HODLings. Surely some folks may be old with a serious health challenge but has no money for their treatment but hopes on their bitcoin HODLings. So surely such person may decide to sell off his bitcoin withing a shortest period of time and may decide to use his bitcoin to cure his illness which is not questionable because it's a life saving something. I know people may ask about his emergency fund, but some problem are beyond emergency fund. Certainly there are life predicament that make a person to have a short time frame of investment and decide not to invest for the future.
because if he decides to sell due to old age it will still return back to Fiat that has low monetary value when compared with bitcoin so it will not be a good idea to sell bitcoin and still return back to keep Fiat again, it also makes me to think why someone who is quite old will consider to just invest within 4 years interval (just an assumption), what if at that time the price of bitcoin falls will they sell at lost just because of their age?
Like I said it depends on people and how they plan their investment or the kind of predicament they face later. Even as we have long term goal we can't predict what the future holds. Sometimes people have long term goal but we should be awear that when predicament or worst case scenario comes to play it role as nature may have it, you don't have any choice than to sell off expecially when there is no other way to excape such thing. but it is rear to find people in such situations. What I want you to know is that even as we are warned on how to go about our Investment approach in Oder not to over spend and find ourselves in a situation where we will find who to bail us out, we should be aware that in most cases selling the bitcoin becomes the last hope.