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?
What kind of "self-deception" are BTC-holders ready to go to in order not to succumb to the temptation to sell the accumulated assets ahead of time. 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?
At the same time, the strategy is quite simple. Just set yourself a conditional price at which you will sell bitcoin and wait for this price. Something like a business plan or investment strategy. That is, make a plan and stick to it. Why complicate things and come up with "tricky" investment strategies?Regarding "spend it on unnecessary things", for this it is enough to have self-control and abstract yourself from the industry of mass consumption of unnecessary junk. What could be worse than to endure restrictions for a long time because of the money invested in bitcoin (reduce your consumption), in order to later spend all the profit on "useless junk"?