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?
Ironically you are advising that someone should have bitcoin and probably be on profit and yet live as if they lack in order to profit on the long run. Bitcoin represents liberty and it is not like fixed deposit account. What is Bitcoin investor needs is patience and discipline in order to manage their portfolio and withdraw it when necessary. I am not an advisor or fan of those that will have stash of Bitcoin in their wallet and be living miserably or cannot solve any financial problem they have just because they perceive that bitcoin would worth more in the future.
The life will live is too short, no one knows tomorrow. You can have those bitcoin growing in your wallet and you will not live to enjoy them. So if you want to hold your bitcoin forever, you can do it yourself and not advise everyone to own bitcoin and behave as if they don't own it