The ones who over-do it will die without selling anything and end up living the average life they were living throughout all those years. I'm very sure that there are many people who have bought Bitcoin when its price was below $500 but they aren't selling their holding because they believe in the theory of HODL and that's the reason for them to hold their investment.
Those people are aiming to sell their Bitcoin when it reaches $1M per Bitcoin and a few of them are already 60+ years old. Let's say if Bitcoin reaches $1M in next ten years then they will be in their 70's and what would they do with that money at that age? Probably their heirs will be enjoying the HODLINGS of their parents.
I believe one should HOLD some amount while sell some amount when price of a coin moves 10x or more in value. Because we also have needs in our current time and we have to fulfill our duties regarding our families as well. Why not to enjoy by selling 1/4th of your profits and let the remaining to grow in value. I believe that's a proper way to be rich and at the same time to enjoy the present moments of our lives.
A number of projects, whose coins I bought back in 2017, moved into the active phase only at the end of 2023, and brought me very good profits. So a long hodl also bears fruit in due time. It's all about believing or not believing
Well, every time we are looking for a way to generate more income, because what is most recommended is that you can save as much as you can, those who bought in 2017 and held on until recently, because they will have many benefits, I In particular, I have always said something, when they are altcoins it is risky, and when a person decides to do it, things are quite emphatic if someone has a lot of faith in it, then the respective hodl is made, I am sincere , I do not trust much in the altcoins, nothing more than what happened with "Luna" is something that gives a lot to think about, so with the altcoins all I do is hold them and when I see that they have a 30% profit then I leave them with a sell order, because it is the way to have profits, that is what we should do, at least I have always done it, I never got attached to coins, it's just that it doesn't suit me, previously I did it, but it's a matter of seeing that things are different now, they think more about what should be earned.