This should be the proper mindset for bitcoin. You spend it, and at the same time you are investing a bigger fraction of it and hold for long term. That way, there is more balance, and the fact that you utilize it will, your bitcoin ownership will continue to grow especially that you are using it both as a currency and as an investment.

However, not all bitcoin investors have the same mindset like you. But for me, whatever it is, as long as you know your ultimate goals with bitcoin, and you think that will make you comfortable so you can gain more of it, then stick with it. We all have our various strategies on how to navigate our bitcoin investment, we just have to do what is right for us.

needed to keep investments safe in the long term, investment goals will run perfectly as planned if supported by funds that are not allocated for other needs, so that they can withstand price fluctuations and increase profit potential. Investors can make more informed investment decisions and increase their potential long term profits by setting investment goals from the outset. Furthermore, setting investment goals can help investors stay focused on making more informed investment decisions.

Learning from the experiences and strategies of past investors who have successfully held Bitcoin long term can also increase motivation and discipline in investing. It cannot be denied that many investors are tempted when a surge occurs in the market, but history has proven how Bitcoin has managed to improve its performance with continued support coming in, perhaps currently we think Bitcoin has reached a very high price, but in the future this assumption will be broken when the price of Bitcoin experiences a 2x increase or more in the future.

It depends on confidence. If you implement a long-term strategy when investing, it's much easier to avoid selling when the Bitcoin price is high.
When you're patient and don't intend to sell Bitcoin at an undesirable price, you should set a selling price as a step and target to achieve.
Don't monitor the market too often and let your investment run its course, aiming for maximum profit.
Patience will test your desire to sell when the Bitcoin price is above your initial purchase price. However, if people understand that investing in Bitcoin has much more potential in the long term, they can be much more patient.

Everyone want to hold bitcoin for long term before selling them out to earn income, but condition has made some holders not to hold bitcoin for long before selling to earn what they are due to earn in that season. For those that know how to earn huge income from bitcoin investment will not be packing when the price of bitcoin is decreasing because they know it will definitely going to break into another ATH, hope you know that your key is your bitcoin op? When you have the key, you have every right to check and re-check your bitcoin to know if it has appreciate for you to sell or depreciate for you to continue holding, but the day you expose your key to public or friends, just know that the bitcoin is no longer yours alone because you have created access to other people.

Seriously, it is not easy to hold Bitcoin for a long period of time, as different things will always cross our minds especially when the price of Bitcoin has increased well and someone has made some profit from it. As a volatile asset bitcoin is,sometimes makes us think that if we don't sell now, the price may drop soon Or we might think we should sell at that particular and buy back later when the price drops. But before we know it, we start spending the money.

However, I will say the reason why many of us always want to sell even before the time we planned to sell our bitcoin is because for a lack of trust that many people have for Bitcoin, despite their investment in it. Another point again is that when we use money we may want to use in near future and invest it in Bitcoin, we always want to sell once we see small profits from our Bitcoin investment.But with a good mindset, we can hold our Bitcoin investment for a long period especially when we invest from our discretionary funds.

In fact, when we buy Bitcoin, we should apply this principle: buy Bitcoin with money we can afford to lose. This will prevent us from selling Bitcoin before reaching our desired target. What I mean is, rather than treating Bitcoin as if it's not yours, it's better to apply this principle from the start, when you buy it, not when you own it.

If we apply this principle, regardless of market conditions, we can refrain from selling because we haven't reached our initial target, and we've changed our mindset to buying Bitcoin with money we can afford to lose. However, ultimately, it's a matter of mindset. If we truly think long-term, we can survive any situation.

In my opinion, everyone should understand that only by refusing to buy useless things today can we achieve something greater in the future through investment. But we must not forget that each of us only lives once, and time is the most valuable thing we have. Therefore, sometimes we need to treat ourselves and our families, even if it is with things that are of little use or with leisure activities. I believe that in every area of our lives, we need to find a happy medium. Otherwise, we may end up spending our entire lives saving money and trying to build a fortune for our children and grandchildren, only to live a boring life in the end.

Bitcoin is a long term asset and HODLing without considering its long term trajectory at every phase of the investment will only mean failure. The Bitcoin market is very volatile and fluctuates a lot within the short term and if you allow yourself be distracted by these short-term volatility, then you'll definitely end up making a terrible mistake that may likely result to serious losses.

Everything is all about planning. Before you make that decision to hodl bitcoin long term, you must have planned ahead of it. The planning should cover how you would raise capital to invest and a steady source of income if you are going to DCA.

The planning should also tell you what price target you are looking at or what duration of time you are looking at before you sell your bitcoins.  If you have this all mapped out, I don't think you would easily bow to the pressure of selling your bitcoins when it's not yet time.

In addition, you would need a job, business or other investment that would sustain you why you hodl. Reason many investors don't have a defined sense of direction is because they are already seeing bitcoin which they just started investing in a while ago as their gateway out of poverty.