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?
Just treat it as "not real" and you won't be tempted to spend it for nonsense. It just seems like monopoly money for now. Valuable monopoly money, but not "real" until (a) you can transact in it without it being a taxable event and (b) until you don't have to trade out of bitcoin and can just stay in bitcoin.