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?
If you really want to feel like your Bitcoins are not yours, then you can deposit them on an exchange and lock in stacking. I would risk small amounts on Nexo but as it has been said, not your keys, not your coins in the end. Btw it's hard to give an advice. You can create a multi-sig wallet and trust someone with the second sig to not let you confirm transaction, so it will feel like you can't touch your coins but if something bad happens to that person, it creates a danger for you.
My approach is that I have coins on one of my wallet that I have secured and I simply don't touch it, I forget that it even exists because I have two wallets, one for holding and one for every day transactions. Since my holding wallet is on its own and I haven't touched it for a long time, I feel like it's forgotten and don't want to touch it, I only use money from my everyday use wallet and this strategy works fine for me.