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Author Topic: your bitcoin is not yours.  (Read 2038 times)
Ihedioral
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July 26, 2025, 10:00:13 AM
 #121

Smile, thinking of it lately,
 
Market strategies really matters  your Bitcoin could be tempting it's all depends on you to decide to spend more  , but as a good miner tycoon

It's better not  spending unnecessary while you accumulate more Bitcoin
As long Bitcoin it's at the top have no reason to spend more on unnecessarily
 It's better not spend more of your assets Bitcoin could be more helpful in future
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July 26, 2025, 01:26:00 PM
 #122

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.
This should be wrong in most cases. People are not poor or fail to invest because they buy themselves Prada, stop thinking about people like they are normally rich but spoiled. I live a life of normal standards. I work in two business, one my job, one helping my wife in her business, and the money I make, is barely enough to survive.

I do not eat from outside, I do not drink outside, I do not even drink coffee, not like "make your coffee at home", I literally do not even drink it, I do not buy clothes, all I bought in all of 2025 is a new jean because old one ripped, I do not go to vacation, I am spending all summer working, no ta single day of going to beach or any hotel or even like a pool nearby, no vacation, I do not eat expensive food.

My only unneeded expense is 1 pack of smoking a day. And I can't pay my debt. So do not assume everyone spends too much and should save. Sometimes you need to realize, rich are way too rich, and that's why we are too poor.

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July 28, 2025, 06:07:30 AM
 #123

It's best not to sell Bitcoin while you have it; imagining its value as higher can motivate you more. Holding Bitcoin with motivation only lasts so long. You'll want to use it when you need something or want to buy something, so willpower and discipline are crucial. Saving isn't as easy as it seems. I understand you're saying it's not just about saving; it's about ignoring your Bitcoin.

But forgetting about it isn't that easy. If you hold onto it for a few years and it yields a good profit, you'll want to sell it without further ado.
Many of the holders have only bitcoin as their asset and that's why when they want to buy something bigger, there is no other option for them to do and that's to sell some of the Bitcoin holdings that they have. It's understandable if it's a big purchase that they have big dreaming of. And many of the people that have sold their Bitcoins are having hard time in recovering them and buying them back. Because the price could be discouraging when the time of buying back happens because it is just getting more expensive. So, if someone wants to hold their Bitcoin longer, they need to have another source of income so their bitcoin won't be touched.

You are right, and that is why some of the holder that turn bitcoin as and asset usually lose there funds when they have emergency issues, because they won't have any choice definitely they will sell there coin to solve there problems. That is why if you want to enjoy your bitcoin investment you should always get another alternative, meaning you should get other source of income so that you will get better profit on bitcoin for the long term when the price increases. but some invest on bitcoin for short term so that anytime they need funds they will touch it.

People that are really successful in bitcoin have other business that they are doing without touching there bitcoin investment and leave it for long term and get huge profit. And that is best thing to do as a investors done touch your investment when you haven't achieved your target goals. But thing change always some sell there coin for some reason and we invest to get profit and serve as another alternative to solve our problems. We can't guarantee when we will get huge profit in bitcoin but if we will make ups your mind, and invest and forget about the investment for the long term you will surely get profit. But many people can't be patient enough to hold for long process. And making it difficult for them to succeed, and probably some of them run to trading.

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July 28, 2025, 09:31:47 AM
 #124

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 doesn't matter if I write it off as not mine or I keep telling myself that it's mine, if I still have easy access to the Bitcoin, I'll spend it the moment I get into any financial problem because I don't like to be in situations I can't solve. I hate problems and I try to avoid them but they keep coming therefore solving them is the only way to get done with them quickly. Keeping our investment out of our reach is the best method for us to avoid spending our investment and that's the strategy that I have being using and it's working for me perfectly. Getting additional source of income is also another way that it can help us to avoid touching our investment and hodling it for the future.

 
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July 28, 2025, 09:34:55 AM
 #125

I doesn't matter if I write it off as not mine or I keep telling myself that it's mine, if I still have easy access to the Bitcoin, I'll spend it the moment I get into any financial problem because I don't like to be in situations I can't solve. I hate problems and I try to avoid them but they keep coming therefore solving them is the only way to get done with them quickly. Keeping our investment out of our reach is the best method for us to avoid spending our investment and that's the strategy that I have being using and it's working for me perfectly. Getting additional source of income is also another way that it can help us to avoid touching our investment and hodling it for the future.

I would say that the best method is to understand for why we do it, rather than keeping a distance from it.

If we know why we do it and why we need to wait - we shouldn't be discouraged from seeing our BTCs and see them grow.

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July 28, 2025, 09:59:25 AM
 #126


I doesn't matter if I write it off as not mine or I keep telling myself that it's mine, if I still have easy access to the Bitcoin, I'll spend it the moment I get into any financial problem because I don't like to be in situations I can't solve. I hate problems and I try to avoid them but they keep coming therefore solving them is the only way to get done with them quickly. Keeping our investment out of our reach is the best method for us to avoid spending our investment and that's the strategy that I have being using and it's working for me perfectly. Getting additional source of income is also another way that it can help us to avoid touching our investment and hodling it for the future.
Always having better way of income is the best way of solving your own problems but in troubling situations if you have no way then using bitcoin is also not bad at all because we already keep them just for this situation it's not our I can argue about this as well.
Peoples those live with solid strategy and also have their way of saving or investment always can solve issues quickly instead of peoples those are going through with time pass situation because they have never been ready for any emergency and this always hurt them.
In recent time things are getting worse due to high inflation and daily usage amount is also increasing which is not easily manageable for many just because of this many keeps ready for this and have few solid methods of their savings.
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July 28, 2025, 02:19:11 PM
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 #127

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?
Even when you think your bitcoin is not your own, how is it possible to prevent one from selling bitcoin? I think it will be difficult to stop people from selling their bitcoin. What will help prevent someone from selling bitcoin is understanding bitcoin first and knowing the reason why Bitcoin is being held as a long-term investment. Apart from life problems that may cause one to sell bitcoin, any other reason for selling bitcoin is a lack of understanding and holding it without any purpose.

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July 28, 2025, 08:12:41 PM
 #128

Most times, people invest in bitcoin because they just want to follow the thread and be called investors and at the end of the day, they temper with their investments which isn’t wise.
If you want to invest, please do so from your free will and not simply because others are doing it and if you must do, please it I always advisable to only invest money that is left after all expenses are covered and since it’s crypto,it is advisable to only invest what we can afford to lose.

Having to think the money isn’t ours isn’t a right approach because there are possibilities that, we might be faced with irresistible challenges and left with no other option but to admits ownership of your funds to be able to solve the problem.


 
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July 28, 2025, 08:33:30 PM
 #129

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?
Your subject would have been ''the bitcoins you have is not valuable until you hodl for a long term'' it sounds better that way than saying '' your bitcoin is not yours'' if it isn't mine then who owns the bitcoins? the reason why we invest with a discretionary income is because we want to act as if we don't even own any bitcoin in our portfolio since you can never be tempted to touch it for a long term because you invested within your discretion. Another way to take your mind of your investment in bitcoin is to see every bitcoin you buy as a money you have wasted and can't be recovered because having that mentality will help you not to be checking your portfolio all the time, but you will only be concerned about accumulating till you feel you have gotten a huge stash.

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July 28, 2025, 08:48:16 PM
 #130

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.
Sounds good. Your ways to forgot it is good, but remember there are lots of the same incidents, man forgot the keys of its watch-only address or keys of its address, or simply the seed because of holding so much time that they forgot holding one, just got remembered they have something like it before.
But it's even better to store it somewhere safe and secure that you trust, and most importantly, have the discipline not to touch it for years until you truly believe it's the right time. Holding requires discipline too.

 
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July 28, 2025, 08:52:02 PM
 #131

Smile, thinking of it lately,
 
Market strategies really matters  your Bitcoin could be tempting it's all depends on you to decide to spend more  , but as a good miner tycoon

It's better not  spending unnecessary while you accumulate more Bitcoin
As long Bitcoin it's at the top have no reason to spend more on unnecessarily
 It's better not spend more of your assets Bitcoin could be more helpful in future
If you want to hold your Bitcoin for longer time, you will need to be very patient and also have several plans financially. You can’t just use all your money to buy Bitcoin, if you do that, you will end up selling some portion of your Bitcoin if you don’t have any source of income that will earn you some money for your daily expenses. If you don’t have money to invest in Bitcoin at once, you can use the DCA method to be buying your Bitcoin monthly or weekly, depending on your source of income. The main reason for using such method is to avoid using all your money to buy at once which will lead you to sell off even when the price went down because you will have no choice since you will need money for your daily activities.

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July 28, 2025, 10:49:46 PM
 #132

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?
Yes, this is a mental comfort because if Bitcoin is repeatedly seen in the wallet, then if there is a small profit, then a plan to sell it comes to mind. That is why your idea is very logical. You have to remember that Bitcoin is not mine, therefore it cannot be sold. Moreover, if you/we keep the security of the wallet in which you/we hold Bitcoin in a document or note and uninstall the wallet, then the Bitcoin in the wallet will not be seen again and again, which will prevent you from having the urge to sell it.
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July 28, 2025, 10:55:24 PM
 #133

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?
First you have to make up your mind and then invest in Bitcoin and move forward. No matter how much you use such a strategy, if your mind is not fixed and if you want to sell the investment again and again, then no strategy will work for you. When you buy Bitcoin and hold it, set a specific time for holding it and set a price with this specific time that when this specific price is reached, then only then it is okay. Moreover, when you buy Bitcoin and say that this Bitcoin is not mine, this strategy will never work. When I buy Bitcoin, that Bitcoin is definitely mine, then I am the owner of Bitcoin.

And especially when people need it the most, people sell their investments. If I don't need it now, why would I sell my investment? Whatever the price, I will definitely try to hold it and then aim higher. For example, Michael Saylor has no need and is having a lot of success in Bitcoin investment, but he is not selling Bitcoin because he has a set goal and if he doesn't get there, he might not sell.

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July 29, 2025, 03:45:54 PM
 #134

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?
Even when you think your bitcoin is not your own, how is it possible to prevent one from selling bitcoin? I think it will be difficult to stop people from selling their bitcoin. What will help prevent someone from selling bitcoin is understanding bitcoin first and knowing the reason why Bitcoin is being held as a long-term investment. Apart from life problems that may cause one to sell bitcoin, any other reason for selling bitcoin is a lack of understanding and holding it without any purpose.

I think that those who can behave most like investors will be the ones who will hold on for the long term, and a person will only be able to refrain from selling Bitcoin if he is a responsible investor. Those who do not have patience and experience in their personality will never be able to hold Bitcoin for a long time, but they will be eager to sell it after getting a small profit. So I think we should always think that investing in Bitcoin is not for our own good, but it is a good initiative to hold it for the long term. Those who understand less about Bitcoin and do not consider the future of Bitcoin very positively are the only ones who should hold it for the long term.

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July 29, 2025, 11:34:24 PM
 #135

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?

Buying Bitcoin and forgetting about it depends on the investor's goal. Many people can also consider it as a strategy. Since Bitcoin is volatile, many people can use this strategy to reduce mental stress. If someone thinks that they will forget it, then they should put it in a safe wallet and forget it.

However, this strategy is not for everyone. There are some who have a strong morale and store Bitcoin for a long time. Market fluctuations cannot have any effect on the investor.

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July 29, 2025, 11:46:34 PM
 #136

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 always tell my wife that the sale of bitcoin is our last resort period. We will look for any other way or at least I will to keep from not selling those precious SATS. I am constantly checking though and I can't help but notice the price even when I'm not trying to look.

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August 02, 2025, 06:23:03 PM
 #137

That is not really healthy, we all have investments, humanity always had investments. Just because some people can, doesn't mean we all can do it.

Plus, we need to realize that people do have needs, and then you sell when you have needs to pay for it. Like these days, I am in the worst financial situation of my life, I always assumed if I pay my debts, I will get better, but these days living became so expensive that I need literally 5x of my salary to survive, because of all the debts I had, and all the spending I had. I am trying my best to slowly pay them back, but I may have to sell some bitcoins to pay, like maybe two grand at least. If I need to do more, I will do more, because I can't think any other way, so we may not make much, but that's why bitcoin exists, so we can live a better life.
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August 02, 2025, 06:51:13 PM
 #138

That is not really healthy, we all have investments, humanity always had investments. Just because some people can, doesn't mean we all can do it.

Plus, we need to realize that people do have needs, and then you sell when you have needs to pay for it. Like these days, I am in the worst financial situation of my life, I always assumed if I pay my debts, I will get better, but these days living became so expensive that I need literally 5x of my salary to survive, because of all the debts I had, and all the spending I had. I am trying my best to slowly pay them back, but I may have to sell some bitcoins to pay, like maybe two grand at least. If I need to do more, I will do more, because I can't think any other way, so we may not make much, but that's why bitcoin exists, so we can live a better life.
Your statements are against each other if we all have an investment. Why can't we all do it again?
Having said that. To achieve a long-term investment in Bitcoin, we first need to upgrade our income, cut down our expenses, and establish these 3 accounts, which will be (emergency funding account, discretionary fund, and daily expense fund). However, we have to balance the account ratio in a way that the discretionary fund will be the smallest, due to its main purpose is for DCA on Bitcoin or whatever investment we want to dive in.

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August 03, 2025, 03:52:22 AM
 #139

Out of sight, out of mind.  Keep keys very hard to access that would require doing something other than the most fun thing there is to do, and that is sitting on your computer.
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August 03, 2025, 09:24:45 PM
 #140

Is the Bitcoin you bought using PayPal and held in your custodial account by PayPal not yours? 

Nope, not really. That Bitcoin you buy and hold on PayPal? Its kinda like youre just borrowing bragging rights. You dont actually own it, at least not in the old-school, "not your keys, not your coins" sense. PayPal got the keys, they are holding your crypto. You are basically just trusting them to babysit your stuff, which kinda defeats the whole "be your own bank" vibe.

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