Quote from: SOKO-DEKE on Today at 01:44:23 PM

Quote from: Reatim on July 20, 2025, 07:06:49 AM

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?

Seriously, it is not easy to hold Bitcoin for a long period of time, as different things will always cross our minds especially when the price of Bitcoin has increased well and someone has made some profit from it. As a volatile asset bitcoin is,sometimes makes us think that if we don't sell now, the price may drop soon Or we might think we should sell at that particular and buy back later when the price drops. But before we know it, we start spending the money.

I disagree. Holding bitcoin is very easy if you are not greedy and are not tricked by capitalism. You don't need most of the things that you want to buy. Being controlled by the fear of loss of money is also bad but most people are like that. I'd rather see Bitcoin take over the world or I go down to zero trying. The price today is not important.

Quote from: SOKO-DEKE on Today at 01:44:23 PM

However, I will say the reason why many of us always want to sell even before the time we planned to sell our bitcoin is because for a lack of trust that many people have for Bitcoin, despite their investment in it. Another point again is that when we use money we may want to use in near future and invest it in Bitcoin, we always want to sell once we see small profits from our Bitcoin investment.But with a good mindset, we can hold our Bitcoin investment for a long period especially when we invest from our discretionary funds.

Bitcoin is something that does not require trust. If you trust or distrust Bitcoin that means you don't know anything about it. It is fear of losing money that has nothing to do with Bitcoin.