- Smart Spending: Whether it is by making small payments or in the form of remittances, the use of bitcoin makes you comfortable in using the currency. You begin treating it as the actual money, not only as an investment.
Be aware that bitcoin is a volatile asset and leaving funds you would be needing soon there may see those funds reduce in value if there is a negative price correction as at the time you need to utilize them. I prefer having them in stable coins or even fiat since it would be put to use pretty soon.
- Mental Discipline: This is the most difficult, not to be hyped or panicked. Moving to follow the high price, or take a sell, at the low, seems easy. Introduce specific guidelines that determine when to purchase, hold or sell small parts will keep your plan in line.
If you can discipline yourself not to sell small parts but live on your sources of income for a longer period of time while you allow the compounding effect onf bitcoin price appreciation on your investment, you would surely be better off. If you had an accumulation target before setting out on your bitcoin accumulation
which you should have so as to be more success focused You would see that selling parts draw you back from achieving such targets since your focus would be on quantity and not the market valuation at any instant.