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,
even though i am not a part of this conversation but 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.
I get your point but should someone cut out a part of their holdings just because they feel too old or they think that age is not on their side anymore when they already have other source of income to take good care of themselves at that age. For me, age should not even be a reason why we should consider selling our bitcoin so far as we can still sort out our daily needs outside our investment in bitcoin. The only way someone can decide to sell part of their investment in bitcoin when they feel they are getting old is in a situation whereby all his major investments is in bitcoin and he doesn't have any other source of income.
In the area where you talked about we not having control over our lives, it is true but if an investor who has other source of income is not confident about their health condition, what they need do is to start preparing early to expose the security information of his holding to someone who he trust so that if eventually, unforeseen events that can lead him to not being able to reveal the security information to anyone happens, the person they gave the security information can inherit the holdings and start from where he stopped and while revealing security information to people you trust, it should be someone who knows the value of the asset so that they don't end up selling everything when you are no more.