Of course, there are coiners who have been into BTC for a decently long time, so they may well have concluded that they have enough BTC or more than enough BTC, so they would have more liberties and options in regards to their perspectives upon whether and/or if to sell some or all of their coins... and many of us likely realize that you do not sell all of your coins... or probably not even more than half of them absent real emergency circumstances such as needs to save your life or the life (lives) of a loved one.
Now that I'm in my mid-70s my non-Bitcoin income has trickled down to almost zero. I have been "living happily ever after" for several years now. If I ever happened to come into any real amount of fiat currency, of course I would immediately convert it into Bitcoin. Other than that, I'm content to live a good life off the dividends of my bitcoins.
Those who invest in blue chip stocks will see some capital gains but most of their income will come from regular dividend payments. Because of the ongoing growth of Bitcoin's price, we can regularly take "dividends" from our Bitcoin holdings while continuing to see the overall size of our investment grow.
If you had 200 coins when they were worth $5k each that was barely $1m. By the time they were worth $50k each, your stash was now worth $10m and you could afford to take a 20% "dividend" and still have 160 coins worth $8m in your stash. That $2m of fiat represents a fairly decent lifestyle improvement whether it was used to buy a ranch, a lake, a house or simply a bunch of smaller stuff like travel or home improvements, or even waste it on frivolities like hookers, cars or blow. Even if the price crashed all the way down to $10k, those 160 bitcoins would still be worth $1.6m at rock bottom while you continued to hodl, waiting for the inevitable next bull market.
When the price hits $100k each, as it surely will, your nest egg will be worth $16m and that's just a start. You could afford to take a 25% dividend of $4m and still have $12m in your stash. That $4m represents another even greater lifestyle improvement. Even if the price crashes all the way down to $30k your 120 remaining coins would still be worth $3.6 million rock bottom with nowhere to go but up.
As you see, you can take regular dividends and still see your investment grow. If you're at that point of your life where lifestyle is more important than acquiring more wealth, go ahead and enjoy the dividends. If inter-generational wealth is more important, by all means re-invest your dividends by continuing to hodl.
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