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?
I don't know why you say it like that, but it's not like gambling, where when you feel tempted and do something, you basically lose money. When you have bitcoins, you have bought them earlier, and the price now looks good, and you get tempted and sell, I don't see anything wrong with that unless you might have had a higher target and sold them earlier but that's okay, you will only get lower profits but you won't lose anything.
Also, when someone makes an investment, they need to make sure that they are using funds that they don't need in the near future, so that they don't sell their assets back even before reaching the target they were looking for. When you use funds that were supposed to be used for the investment, you will surely have to sell your assets at one point, when you need the funds.