.........In my country, their is a government policy that mandates all employers to deduct about 10% of the salary of their employees and save it as mandatory pension contribution in a reserve funds that will be accessible upon their retirement. Those of use who are into Bitcoin can copy this, while they are taking 10% to save as pension, we can also work out another 10% or a suitable percentage that we can put into Bitcoin to save for retirement. This way we will be HODLing for something and with a target.
Bitcoin does seem to be a superior pension, so if no amount is being withheld from a person's pay for pension, then the person can choose his own allocation, whether that is strictly bitcoin and cash or if he might include other kinds of investments within his investment portfolio... and I had personally been saving 10% of my pay for all of my life - including around 20 years prior to my getting into bitcoin, and surely some of my savings and/or investments from those kinds of 10% savings/investments did not do as well as other things, and surely once I got into bitcoin then the performance of bitcoin way outstripped my various previous investments... yet I had also reallocated some of my traditional investments into bitcoin...or at least at the time that I got into bitcoin in late 2013, my financial situation was in a position where I was fairly easily able to reallocate some of the value from my traditional investment portfolio into bitcoin (so there is some fortune in an ability to have lump sum options rather than merely relying on DCA strategies from discretionary income from work income).
I know that Bitcoin is a superior investment than merely keeping money in the bank. Even though the pension operators claim to be investing the money in a sure and safe way to be able to earn profits, the highest I have seen them report was 5% per annum which I know that Bitcoin would have broken for the many years I have put in. When you add inflation to this figure, we are actually getting poorer towards retirement because inflation in my country is on free fall. Consequently, I once made effort to pull out of the government pension contribution and channel the money to Bitcoin but the HR of my company refused my request citing that the pension contribution was mandatory and signed into law by the government of my country. Assuming my request was granted, I know how much I would have saved up in Bitcoin by now for the number of years I have been in service. So, to compensate for this, I decided to work out something for myself that just like I explained before.
Another reason some people would HODL forever or what will seem like forever is when their intention is to pass their Bitcoin to their children as their legacy. I happen to be working on this as well because I want Bitcoin to be one of the things I will give to my children. So irrespective of the market conditions or how high Bitcoin goes, I will never sell all my Bitcoin and my wallets will always have Bitcoin that will be taken over by my heirs when I have played my part on earth. This is the reason I have come to know that people HODL for different reasons and it is important we find ut this reason because it will serve as the motivation for doing what we do.
Even if your main plan might be to mostly use your wealth for yourself, but also to have some extra that you are able to pass on to your kids, since we cannot really know when we might either die or become incapacitated, we cannot necessarily know how long we might need our wealth, so there can be some relief that any excess that is accumulated gets passed onto the kids, even if the primary objective might not ONLY be to pass on the wealth to the kids but instead there may be a bit of a dual purpose (or a hybrid) kind of an element that is in place in regards to yourself as a beneficiary of your wealth versus your kids as backup beneficiaries of your excess wealth.
I am looking at two things which are life after retirement from active service and my kids should anything happen in the future. For both cases, I am making adequate preparations and if the first happens, which is my expectations, then I should be able to live comfortably and still have something left for the kids. But if the second case happens, then the kids have everything. But whatever be the case, the plan is to leave Bitcoin for my heirs.