This is what long-term Bitcoin holders typically do, but if an investor is unable to forget about the Bitcoins they hold in their wallet they can't be called a long-term investor at all.
But, not everyone has this option. I, for example, have often had to sell my Bitcoin for reasons beyond my control. This was my fault, of course. I should have forgotten about them and tried to find another way. But life is tough, and circumstances sometimes force you to do things you don't want to.