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 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?
If an investor decides to sell their bitcoin within a short time frame due to health issues it's understandable but yet keeping emergency funds for such situation in the future will be best instead of selling except the health challenge supersedes the emergency funds before selling their holdings to attend to their immediate challenge will become an appropriate decision.
I get your point but I hope you also know that we are not just investing in Bitcoin to hold it forever rather we are investing to hold for some period of time so that within that interval of time our holding would've grown so big that we can now take or sell. So if an old investor wants to seel off his investment it's not a crime or wrong decision and if I may ask what if the aged investor don't have someone to watch after or look after the investment because I know there are people like that and on the other hand if an aged investor have someone such as son, daughter, relatives etc, then I will suggest the aged investor ask if they can watch over the investment or if they have other investment plan and if they can watch over it maybe they can sell a little of it keep and the investment burning. but not everyone is into Bitcoin investment even though Bitcoin investment is very cool.
It is true that we can't hodl forever but bitcoin should be a store of value instead of to consider selling simply because they are getting old, how about those that died even when they have huge stash of bitcoin in their portfolio? are you going to blame them for not selling it off before they gave up the ghost? even in the bank there are still people that left huge funds there and left the world even without anyone close to them knowing about it. In a nutshell, all am saying is that if someone has a long term targets they should not sell their bitcoin when they feel they are getting too old so far as they are not into any financial pressure of any kind because you can agree with me that if it involves someone that invested a huge amount and decides to sell, is it not still Fiats that the money will return to? our goal is not to move from Fiat to bitcoin and not to reverse back from bitcoin to Fiat again it does not make any sense. We keep hodling whether young or old then if a person is getting too old and feels they may not really be able to control the assets they own in bitcoin, they can hand it over to someone they trust.
Those who left huge stash of Bitcoin in their portifolio and died even when they have seen some negative sign about their health status, to me I will classify them as wicked people I mean that's not the best thing to do. Imagine having like 50 to 100 Bitcoin and then giving up the ghost without selling or letting anyone know about it, is it not a waste of investment. Just like I said, if they have someone they can share there seed phrase to it will be fine.
The decision to share a seed phrase with someone is entirely personal to that person if their family has reliable descendants to provide them with that seed phrase. There are many elderly people in the world who have no one to care for them in their final days, even if they have a lot of money. In fact, this happens as a result of social values and family breakdown. If it is the case that a person has a large number of bitcoins in his portfolio but does not get a chance to pass them on due to the lack of a proper successor, then you can call him a loss rather than a waste, even though if he had a family of his own he could have served them.
If that person intentionally doesn't share his seed phrase with anyone, you can call him a waste. If he was a great person, he could have donated the bitcoins he had accumulated in return for a lot of hard work to an orphanage or some other service organization.