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?
One of the best ways to prevent yourself from selling your Bitcoin that you have invested on the long term goal is to have funds put aside in fiat currency or in an exchange wallet for emergencies and personal use too. Putting some of your funds in different accounts is one of the best ways to prevent yourself from selling your Bitcoin that you have invested on the long term goal, having your Bitcoin investment as a means of survival and running daily expenses will only lead you to probably sell when ever you are in need and that is not how to make reasonable profits from a long term investment goal, but at the end of the day it is your investment, your Bitcoin and you have every right to sell when ever you wish to regardless of what anyone has to say about your choices. Having funds set aside in fiat or exchange has help me to continue holding my Bitcoin still on the long term goal and this is what works for me. Maybe it could work for you too.