Even if you (Lembo69) are referring to longer timelines (such as 4 years or more), you still seem to be referring to bitcoin as a kind of long term trade, and maybe in order to really think about bitcoin as an investment, you need to consider 10 years or longer?
I do frequently suggest that bitcoin can be an investment for 4-10 years or longer, yet those folks who are investing less than 10 years, such as somewhere between 4 and 10 years may well have health or age reasons that cause them to need to curtail their investment, yet it is difficult to consider some other excuse why a person might plan to invest into bitcoin for less than 10 years unless maybe he might be planning to trade it.. since it seems that if a person is recognizing bitcoin as a long term investment, then he would want to keep it forever, and surely once he gets to a status of having enough or more than enough, then at that point he might start to spend from it, but if we are just thinking about getting in and out of bitcoin, then to me, that sounds like a trade rather than an investment.
I will grant that sometimes a person may well be in an investment, and the strength of the investment thesis goes away or weakens, and in those kinds of circumstances, there may well be needs to get out of the investment or drastically reduce the investment based on the weakening of the investment thesis.
This is true. As an active bitcoin investor who possibly has a stable source of income that generates your discretionary income regularly, I don't think it's wise to sell off your bitcoin stash wholly or in part while still in service. Bitcoin is an investment and investments (Real estate, Tree plantations, business ventures, etc) are aimed at self sustenance after retirement. This implies that for a person who started investing in bitcoin at 20 years before retirement, his initial HODLing target should be at least 20years (In the absence of any unforeseen circumstances that could not be handled by emergency funds and back up funds which could be life threatening). This allows the person make his retirement plan which also generates more income.
Considering the current bitcoin price action which is less than 20 years old, price has risen from $0.09 in 2009 to $121k in 2025, 16 years later. Imagine if a person who is to retire in 2030 had joined the bitcoin accumulation in 2010, no real estate could possibly guarantee such profit at his retirement.
So first of all, I think every investor should kill the traders spirit which gets you to follow the chart always and also keeps you waiting for dips to invest.
Your financial security is very important and that is why you need to be intentional about how your future would be having accumulated enough bitcoin during your active days. Investing with your Discretionary income by DCA would give you an edge over premature sales.
@Jayjuangee has for long advised at least 4-10 years HODLing period during which bitcoin would have passed through at least 1 to 2 or more bitcoin cycles and have possibly met a likelihood of sustained ATH which gives higher chances of making a maximum gain; he has not also limited HODLing to 4 to 10 years but beyond even though everyone has the right to do whatever pleases him with his funds.