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?

The main reason why many people are always willing to sell their Bitcoin when the price is rising or falling but are willing to hold it long term is all because of confidence. We don't have full confidence in Bitcoin that much. If not, we would see some people treat Bitcoin the way they treat other investments.for example, if someone invested in land, they would hardly sell, even when the price of the land is rising significantly. The common belief would be that the price will continue to rise. So, what I’m trying to say is this: if Bitcoin were treated like other investments, it would be much harder for people to sell their Bitcoin before the time they originally planned to.Another way to prevent someone from quickly selling their Bitcoin is to always invest only what he or she can afford to lose.