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?
My BTC is mission-critical retirement savings. Not for regular day usage. You know emotionally driven selling is habitual in bitcoin, so giving my coins a locked motive helps. It is always better to remove emotion from hodling. I've seen many trader to use DCA + trailing-limit orders to down temptation and pull out emotion from hodling. Psychologically, adopting the diamond hands mindset and joining HODL gang give strength to long term resolve. So making your BTC untouchable does work, but integrating that with rules, community support, and distraction-free strategies is even more functional.