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If they're alive till now don't you think that it would still be better for them to keep hodli instead of selling as you said. Why is it that when we see an old investor who bought bitcoin very cheap, what comes to our mind is if he sells today, he will be fine. I feel selling shouldn't be the main focus but to recommend them for hodling this long and emulate their footsteps, because it shows that you can also hodli for a very long time like these OGs did.
I want to emulate them in hodli for a very long time and building my bitcoin investment, so that I can see at what level my bitcoin portfolio wil have gotten to when I am old and how much bitcoin will be by then.
Of course, the longer a person has been in bitcoin and the more bitcoin they have accumulated, then the more options that they have, and surely it seems a bit dumb (and perhaps presumptuous) to consider that selling most or all coins would be a good way to manage coins that are currently held, yet at the same time, bitcoin has been such a great investment that selling very small amounts of BTC has the potential of generating large quantities of cash that is way beyond the costs of the coins, so the BTC price may not really be a factor whether a longer term bitcoiner might choose to sell a few coins (or satoshis) here and there just for whatever reason.. since it could well be that the value of his BTC stash grows way faster than his spending of it.. so selling of coins may or may not be any kind of a BIG concern for someone who has way more than enough... and another thing may well be that he sells other assets prior to selling BTC, yet there can be quite a variety of arrangements that longer term bitcoiner might have in regards to dealing with (managing his coins)... and surely hopefully, as you seemed to have had suggested, largely trying to safeguard the bulk of them.
You’re right. The more Bitcoin an investor is able to accumulate overtime, the more options he’ll have. And most definitely, selling most or all of one’s Bitcoin stash is definitely not the best strategy, especially for a long term investor aspiring to be in the Bitcoin business for long. Bitcoin has indeed been a great investment, and due to its long term potential, one may be able to generate tons of cash by selling even just a small chunk of their stash.
Personally, I believe that the price of bitcoin might not really be a considerable factor for long term holders that desire to sell off a few chunks of their coin here and there. I think what’s more important to them is how they may be able to cover their expenses or be able to generate some extra cash without really considering or worrying about the price, and you may never know, their Bitcoin stash might actually grow way more faster than they may be able to spend it.
Additionally, it’s possible that they might actually have some other assets they would sell first before even thinking about touching their Bitcoin, or maybe they might actually have some other backup plans or arrangements that’d help them manage their coins. The key thing is to know how to be able to manage and safeguard their Bitcoin stash, while still having that flexibility of selling or using a smaller chunk of it whenever the need arises.