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?
Whether you can truly hold Bitcoin for the long term depends on private key management, not time. Before taking any action, I believe you should first consider whether you can afford the worst-case risk. If you can, then go for it, ensuring you're prepared to avoid losing too much. If not, I recommend avoiding it. There aren't many lucky people in the world; no one gets rich overnight. Investing in Bitcoin requires patience, much like raising a child: how much do you invest? You'll get a commensurate return, as you can't raise a child overnight.