This is the ideal way to manage our funds of course but I guess some people can't really help themselves. If they think they still have bitcoins to spend, they might not budget well and just go and spend on whatever things they want to buy necessary or not.

Can one own bitcoin and goes out of funds to sort some major bills without been tempted to sell some off just to offset the bill?. Spending is something that has to do with human existence, what I feel every investor should rather do is get busy with other things that takes care of their needs and wants that way it will be more easier to neglected market sentiment and volatility while focusing on long term yields and returns.

I think that this issue about holding Bitcoin for the long term has been over flogged by many persons on this forum and the answer that I always give is that selling or hodling your Bitcoin assets either on the long term or short term is an individual thing because alot of person's has different views and plans while investing so it will depends on the plans of the investors, while we encourage people to invest for the long it should not also be seen as an abnormality if anyone invest in the short term.




We should not forget that the reason why people do invest is for profit making which will be used in solving immediate problems so until an individual grows up to attain a particular level in their financial life people will always invest in the short term

What kind of "self-deception" are BTC-holders ready to go to in order not to succumb to the temptation to sell the accumulated assets ahead of time. At the same time, the strategy is quite simple. Just set yourself a conditional price at which you will sell bitcoin and wait for this price. Something like a business plan or investment strategy. That is, make a plan and stick to it. Why complicate things and come up with "tricky" investment strategies?

Regarding "spend it on unnecessary things", for this it is enough to have self-control and abstract yourself from the industry of mass consumption of unnecessary junk. What could be worse than to endure restrictions for a long time because of the money invested in bitcoin (reduce your consumption), in order to later spend all the profit on "useless junk"?

The mind of a hodler is the key to long-term holding, and anyone who doesn’t have a good-paying job is not even supposed to be talking about holding. Those unforeseen circumstances that will come when you least expect them can make you spend your holding without thinking twice about them if it appears that it’s the only source of money that can reach that moment.

Safekeeping your key and keeping it close to you is also a personal decision depending on what the person thinks is best to help hold for the long term; that’s what they are going to do. Every option has its own merit and demerit.

Holding is not for the weak infact it is not for those who doesn't have a job and also a good business that can serve as a support system when they go broke so it is those who are capable of doing it that should think of holding their coins for a long term. Bad omens do happen and it can lead to you spending from your funds but you should think of emergency funds that's why it is created it saves you from tampering your investment funds.

How you safeguard your funds shouldn't be anyone's business but anyone with the best approach can as well give you information if it will help you to secure your funds.

I don't feel like that. At some point, when you've acquired some wealth, you begin to run out of the things you want to buy.
Of course there are still things I might buy, things I might want, but all these things are things that I don't really need, therefore I'm happy holding my BTC regardless of the price.

Imagine that you have a house. At which point you stop craving for a bigger, more luxurious one? When you have a family of 4 and you have a 4 bedroom house, do you really need to spend more money to get one with 5 or 6 bedrooms? There are many people who don't want to buy new stuff because they have everything, at least everything they can find time to manage.

Regardless of how how knowledgeable you are about Bitcoin investment,, I don’t think it will be so easy for you to just leave your Bitcoin in there and forget it it as if it’s not yours,, although I understand what you meant by to forget about it as if it it is not your own. But one thing is the most important thing for a Bitcoin holder, which is patience.

As an investor who wants to hold for a long period of time, even if you are looking at your wallet every day, you won’t touch it because you already set a target for the market that if it reaches that, that is when you will sell your Bitcoin, so there is no need to say you should act as if you have forgotten about it.

Just make sure you are knowledgeable and invest the amount you won’t need in a short period of time because that is the best thing.. Don’t invest the money you will need in a year; make sure you invest the money you can leave in there for a long period of time.

I don’t see anything wrong with wanting to sell bitcoins. As long as the purchase justifies it, there is no problems. For example if you want to own your own house, that’s a great idea. Everybody should own the house he/she is living in imo.

But never sell all of it. That’s not wise. I am not against selling it partly but selling it all is a completely different and unwise behavior.

Always keep holding some because you’ll never know when will it become handy or do another moonshot again.