It would be really wrong selling your Bitcoin holdings after a five year interval, thinking to start all over again after then, how myopic could such person be? Especially when he is still in his accumulation journey, because in my own opinion, five years is actually not long term and it's too premature to be doing that by selling it then, it's just for minimal gains because Bitcoin would be no where near it peak price then, so it's really a bad idea in my own opinion, a wise investor that is in for a long term should be thinking of accumulating more Bitcoin and increasing his stash as much as possible, so that in like three to five circles time, he can be able to reap a huge dividend of his investment not as early as five years time because that would be too premature.
No matter what, each of us has to figure out those kinds of matters, and if we are considering that we have a lot of years to live, then we can likely make our bitcoins last and spend from other sources of income prior to spending any of our bitcoin,
i agree with you that we can make bitcoin last and spend from other source of income, but in the aspect of considering that we have a lot of years to leave then that is unpredictable. sometimes age should be considered when making decision of selling or shaving off some portion of our HODLings considering that we don't own or have control over our lives.
[quote author=JayJuanGee link=topic=5487753.msg65134489#msg65134489
yet if we are in a situation in which all of our income has dried up, then maybe at that point bitcoin becomes our sole source of income. Yet, I would think that it would be more common that we would be drawing from more than one source of income or even using bitcoin to supplement other sources of income that we might have, even if we might have gone into a status of no longer working for income.
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an investor may start too late maybe at late 50years, and have a long time plan of 20 years to invest maybe he has invested for 15years, in this case i can say shaving off his profit may not be done at exactly 20 year time as proposed, there could be some adjustment in considering taking his profit or shaving off some profit considering his health over time especially when there is no other source of income to support when his btc now serves as his live saving.