Make bitcoin "untouchable" for a while

[Faisal2202]

I read something about a time delayed transaction or whatever, so the recipient can use the btc after a set period of time. But I didn't really understand it and maybe that's still not what I am looking for.

There is nothing hard in time locking, you should give a try to this topic made by LoyceV:

• Using Locktime for inheritance planning, backups or gifts

But please change the timespan, don't just lock your BTC for years that you don't want to, as it is also scary because once they are locked, they can't be unlocked until they complete their time. Overall, to learn about Time delayed transactions you can read any article from google but you don't have to as once you will give it a try practically you will automatically understand how things work.

A tip, try a small amount to lock for a small period of time so you won't make any mistake that could cost you to wait way more than the required time.

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[Plaguedeath]

I'm not sure what should be discussed anymore, the solution is time lock, while the other alternative way like being discipline or having a self control isn't really a solution, but more like a common sense.

After all the decision is on @OP's hands whenever this is a good solution or he making a mistake by locking the coins too long.

[lovesmayfamilis]

If you can’t cope with your emotions now, then by blocking, you will also find a reason to worry. Stop watching the market for a while, don’t look at prices, you will be offered many options, but you will still decide what to do. Is it bad to cultivate self-control and not touch your Bitcoin wallets for a while? If you are so hopeless that you cannot cope with yourself, then whatever advice you give will be useless.

[Learn Bitcoin]

So what can I do, if I for example have some btc and I want to make it inaccessible for anybody (even me) for let's say 1 month or whatever period of time. Basically "staking" without the reward.

TryNinja explained so well in one thread, and I believe this is what you were looking for. Not only you but many others have an issue with controlling themself. There was a time when I always thought I would hold my Bitcoin and won't spend it. But most of the time I ended up spending them on gambling purposes. So, I wanted to lock my btc for a while, and I found this post by TryNinja which explains how I can lock my Bitcoin until a certain block. There is a more detailed version in steemit; https://steemit.com/bitcoin/@daan/how-to-create-time-locked-transactions-with-bitcoin-free-bitcoins-inside

You can use Coinbin to do that. I had one a few months ago and it's quite easy to create/spend your coins after the chosen period.

To create the Time Locked Address:
1. Go to Coinb.in;
2. New -> Time Locked Address.
3. Enter your address public key (the one you require to sign the transaction and be able to spend the coins);
4. Enter the date-time or blockheight you want to release the coins.
5. Submit and save the Redeem Script (don't lose that or you won't be able to spend your coins in the future);
6. Send the coins you want to keep locked to the Address generated.

After the chosen period, you will be able to spend your coins.
1. Go to Coinb.in;
2. New -> Transaction;
3. Paste your Redeem Script and click Load (it's going to show every input available to be spent);
4. Paste the address you want to send the coins to at the "Address" field and the amount in the "Amount" field. The remaining funds will be used as fee. E.g: If your address has 0.015BTC, you can put 0.014BTC in the "Amount" field and the fee will be 0.001BTC (0.015 - 0.014);
5. Submit and copy the raw transaction;
6. Go to the "Sign" tab (at Coinb.in);
7. Paste the private key from the address you choose when creating the Time Locked Address.
8. Paste the raw transaction you just created.
9. Submit, copy the signed transaction and push it to the network (you can do it in the Broadcast tab).
10. Transaction sent!

[PIMPdev]

Why are you looking for it in the first place? Are you scared that you might panic and sell your BTC? If you won't solve the issue things like that won't help you.

[Learn Bitcoin]

Why are you looking for it in the first place?

It's already explained, that he doesn't want to touch the amount until a period of time.

Are you scared that you might panic and sell your BTC?

That's possible. Most people did this during the bull run and the bear market as well.

If you won't solve the issue things like that won't help you.

What he should fix? I don't think this is any kind of issue. I also had similar issues before. I was kind of addicted to gambling, and I was spending my Bitcoin. So, locking Bitcoin is a good solution. What issues do you see here?

[AHOYBRAUSE]

Why are you looking for it in the first place?

It's already explained, that he doesn't want to touch the amount until a period of time.

Are you scared that you might panic and sell your BTC?

That's possible. Most people did this during the bull run and the bear market as well.

If you won't solve the issue things like that won't help you.

What he should fix? I don't think this is any kind of issue. I also had similar issues before. I was kind of addicted to gambling, and I was spending my Bitcoin. So, locking Bitcoin is a good solution. What issues do you see here?

You said it well and totally right.
And thanks for adding the TryNinja thread as well.

I think we can close this thread now before everybody is wring the same thing.
Thanks for all the replies and I wish you all a great rest of your week!

Cheers