i am aware we all have different strategies and goals for our investments but i am sure that a lot of us are planning to hold bitcoin for the long term and it got me thinking what ways could we do to prevent us from being tempted to sell our bitcoins and spend it on unnecessary things
one way is writing off your bitcoins as not yours. that money is not yours to spend. just forget about it. the more you look at it, the more you will just want to sell it especially when you see the value of bitcoin.
do you also do this and does it really work for you?
I'm not tempted to sell my BTC or to spend it on useless stuff. We have fiat money for our daily purchases.
Saying that the money/crypto you earn/HODL is "not yours" doesn't make any sense. If the BTC is really not yours, you could just give it away.
Having a sense of ownership is really important to me. You truly value the things that you own, not the things that you claim to be "not yours".
I've the "the more you look at it, the more you want to sell" mentality several years ago, when I was a newbie in the world of crypto.
This mentality disappeared after 2021, when the BTC price exploded. Maybe you are a crypto newbie as well. You will gain experience and you will stop caring that much about the BTC price.