Since bitcoin price is high now, I know some investors, mostly newbies, who are accumulating bitcoin for the long term will be tempted to cash in their bitcoin holdings now or when bitcoin will achieve the $100k mark with the idea of buying back when it dumps, but I want to use the picture below my post to warn everyone investors who are having such thoughts to remove it from their minds and look at what bitcoin price will be in the next 5 years, and let's continue to hold our bitcoin investment for at least 5-10 years. It is clear that Greg Schoen sold his bitcoin to sort out his daily expenses because the 1700 bitcoins were worth only $510 at that time, so let's always use the money that we will not need for 4-10 years to invest in bitcoin so that we will not sell our bitcoin investment to sort out our daily expenses and end up regretting it in the future like Greg Schoen did.
The reason why some people are always tempted to start selling there Bitcoin as soon as there's an increase in the price of Bitcoin is because they are broke or there's an emergency, if one has a good source of income and a strong emergency, reserves and float funds the temptation to sell when there's a dip will be low.
No long term hodler will just stay without any issues and start selling his or her Bitcoin when there's an increase people that always those that are traders.
If a Long term hodler has no issue that needs financial strength I don't think he or she will be tempted to sell.