Post
Topic
Board Bitcoin Discussion
Re: How to hold Bitcoin for long term without being tempted to sell.
by
AirtelBuzz
on 01/02/2025, 03:56:28 UTC
Holding Bitcoin for the long term without being tempted to sell is very difficult it requires a combination of mindset, strategy, and security measures to be able to hold for a very long period of time, below are some measures that will help you.

1. Backup funds.
Make sure you have an emergency, reserve and float funds, this funds will help you when ever you are in an emergency and you don't have finance which is what is needed, instead of dipping hands into your Bitcoin by selling it you can just use your backup funds to settle the emergency.
Having a backup funds will reduce the emotional pressure to sell during market downturns also.

Bitcoin investment is good for every investor for a long time. However, it is very difficult for every investor because many people are forced to sell Bitcoin. Opi must be financially self -sufficient according to the points you have mentioned then we have to create backup funds. Backup funds provide the most benefits when there is no necessary money. Even if the investor does not have the money to purchase Bitcoin, he will be able to purchase Bitcoin using the backup fund.
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3. Set a Clear Time Horizon.
Make up your mind and decide how many years you want to hold your Bitcoin if it is 5, 10 or 20 years, and tell yourself you will reach that time you have set for yourself, see your Bitcoin as an investment.
In fact, this point is to set a goal before investing. Maybe investors have planned that they will hold investment up to 5,10 years, this time they will buy Bitcoin regularly and they can sell them after they reach their goals.