Quote from: Powerjumboo on July 28, 2025, 10:55:24 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?

First you have to make up your mind and then invest in Bitcoin and move forward. No matter how much you use such a strategy, if your mind is not fixed and if you want to sell the investment again and again, then no strategy will work for you. When you buy Bitcoin and hold it, set a specific time for holding it and set a price with this specific time that when this specific price is reached, then only then it is okay. Moreover, when you buy Bitcoin and say that this Bitcoin is not mine, this strategy will never work. When I buy Bitcoin, that Bitcoin is definitely mine, then I am the owner of Bitcoin.

And especially when people need it the most, people sell their investments. If I don't need it now, why would I sell my investment? Whatever the price, I will definitely try to hold it and then aim higher. For example, Michael Saylor has no need and is having a lot of success in Bitcoin investment, but he is not selling Bitcoin because he has a set goal and if he doesn't get there, he might not sell.

Are you suggesting that money people have in their checking or savings accounts or shares of stock they have in their brokerage account is definitely not theirs? Huh