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 ways I think is advisable to prevent you from been tempted to selling your Bitcoin investment, should be deleting your Bitcoin wallet to avoid been tempted, after you must have transferred your BTC to a safe non custodial wallet, where you own the private key to it. Because most times when we have our Bitcoin wallets on our device, it's always easy to get tempted to transferring it to your exchange wallet, where it will be sold through p2p. And I personally, have noticed that when I have funds on exchange, I'm always more easily tempted to sell it, unlike if the Bitcoin was in my non-custodial wallet. And likewise the same thing if the fund was on my non custodial wallet that was deleted from my device.