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 totally get where you’re coming from and yeah, I agree to an extent that it’s very important to stay disciplined with Bitcoin especially if your plan is long-term holding. But personally, I don’t belong to the school of thought that says I should live in abject lack or even go hungry today just to preserve my investments for tomorrow.
I believe in balance. It’s one thing to save and be strategic and it’s another thing entirely to deprive yourself of basic needs or ignore serious financial responsibilities all in the name of “hodling.” What if something happens to me before that future comes? What happens to the same asset I was protecting so tightly?
For me, Bitcoin is a tool not a god. It should serve my life not become the reason I suffer through it.