your bitcoin is not yours.

[batang_bitcoin]

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.

[cr1776]

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?

Just treat it as "not real" and you won't be tempted to spend it for nonsense.  It just seems like monopoly money for now.  Valuable monopoly money, but not "real" until (a) you can transact in it without it being a taxable event and (b) until you don't have to trade out of bitcoin and can just stay in bitcoin.

[freedomgo]

I get what you mean. The buy-and-hold strategy is especially valid for Bitcoin and has been a proven way to make gains for years. But Bitcoin has different uses. It's not just an investment tool. I've been buying and selling things with Bitcoin for 12 years. For me, Bitcoin is money.
Some people see it like a stock, some see it like gold. But as it was originally intended, Bitcoin is a means of exchange that can stand strong against inflation. If you clearly separate the coins you keep for investment from the ones you use in daily transactions, you'll be more successful.

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.

[Botnake]

You know it’s easy to say it, but it’s hard to practice when you’re in the real situation. The rise of bitcoin keeps us thrilled and excited, particularly when there are price increase visible. Although your suggestion may possibly work for you, but I doubt others will bite that.

However, one thing is certain, if you are just patient, you will never go the wrong way. And never underestimate the essence of discipline. Know what’s best for your investment and get rid of those that will harm it.

[reagansimms]

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?

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.

[X-ray]

You know it’s easy to say it, but it’s hard to practice when you’re in the real situation. The rise of bitcoin keeps us thrilled and excited, particularly when there are price increase visible. Although your suggestion may possibly work for you, but I doubt others will bite that.

However, one thing is certain, if you are just patient, you will never go the wrong way. And never underestimate the essence of discipline. Know what’s best for your investment and get rid of those that will harm it.

The only way normal people can keep holding bitcoin despite the massive price increase is when they have clear target where they gonna realize their profit such as $1 million per bitcoin, etc.

These clear target helps us to not get shaken and realize our profit too soon. I also personally have my own personal target and keep holding despite the rally. Had i become a paper hand I would've probably sold at previous ATH but nah, I know bitcoin can be worth more.

[tottong]

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

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.

[icebar]

You know it’s easy to say it, but it’s hard to practice when you’re in the real situation. The rise of bitcoin keeps us thrilled and excited, particularly when there are price increase visible. Although your suggestion may possibly work for you, but I doubt others will bite that.

However, one thing is certain, if you are just patient, you will never go the wrong way. And never underestimate the essence of discipline. Know what’s best for your investment and get rid of those that will harm it.

The only way normal people can keep holding bitcoin despite the massive price increase is when they have clear target where they gonna realize their profit such as $1 million per bitcoin, etc.

These clear target helps us to not get shaken and realize our profit too soon. I also personally have my own personal target and keep holding despite the rally. Had i become a paper hand I would've probably sold at previous ATH but nah, I know bitcoin can be worth more.

Many times, it is seen that some people decide to invest in Bitcoin for the long term but suddenly they have to withdraw their investment due to meeting the needs of their family or due to some sudden disaster or any other reason. Maybe the investor wants to have a long-term plan, but he may be forced to withdraw his investment. In such a situation, if the investor invests in Bitcoin along with creating an emergency fund for a few months, then it is possible to hold his investment for the long term. There are some investors who will try their best to hold Bitcoin and profit from it while there are some who will depend on their investment even if they face a minor problem. I am a long-term investor in Bitcoin. I know that due to the limited supply of Bitcoin, it will definitely be 1 million, so I will definitely hold my investment for the long term.

[Oshio-man]

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.

[Cryptmuster]

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?

This might work if you’re buying Bitcoin for the long term 10 years or more. In that case, you can buy it and forget about it for all that time. But I think it depends on your strategy. If you’re not just buying, but also tracking cycles monitoring bull and bear markets, then you can benefit from that as well.

If you sell Bitcoin during a bull run near its all-time high and then buy it back during a bear market, you’ll be able to get more Bitcoin. But I understand that this is very difficult, and not everyone does it. You need to be good at analyzing the market and understanding when to sell and when to buy. If you’re not very good at that, then I agree that simply buying and holding for a long time can also work well.

[SOKO-DEKE]

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?

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.

[jackpotmaster]

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?

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.

I disagree. Holding bitcoin is very easy if you are not greedy and are not tricked by capitalism. You don't need most of the things that you want to buy. Being controlled by the fear of loss of money is also bad but most people are like that. I'd rather see Bitcoin take over the world or I go down to zero trying. The price today is not important.

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.

Bitcoin is something that does not require trust. If you trust or distrust Bitcoin that means you don't know anything about it. It is fear of losing money that has nothing to do with Bitcoin.

[ndutndut]

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?

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.

[yhiaali3]

~

Of course you can be called a long-term investor. A diamond holder long-term investor is aware of his Bitcoin at all times and he does not care. That is much better than the people who have to use manipulations to not sell their Bitcoins. Many of you have not learned any lessons from Saylor. Borrow money from friends, family, the bank, but do not sell your Bitcoin. It is the last option only after you have exhausted everything else.

Everyone has their own strategy. I don't like Saylor's strategy of borrowing money to buy Bitcoin. I don't know, but I generally don't like borrowing, even in my normal life.

I also don't have anyone willing to lend me money long-term. I don't have close friends who can lend me interest-free money, and they'll have to wait years to collect their debts. Banks charge a hefty interest rate on loans, and you may eventually be forced to sell your Bitcoin and your personal belongings.

[madnessteat]

~snip~

What makes people tempted to buy unnecessary things instead of putting their money into investments is their mindset. A person who makes that right investment will sell their bitcoin for another investment, not for nothing.

Therefore, make your goal firm and straight. Make a decision that you can benefit from rather than regret. If you are planning to have passive income from investing in bitcoin, then never think of selling it for useless stuff. Focus on your goals and you're free from temptation. We don't make ourselves hard about it, because we can do it if we are 100% committed to our goal.

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.

[Yoona_As]

If you have a job or business or a source of income from which you earn a profit and with that profit you will be able to make investments in the long term, then you will not have to depend only on investments and this will prevent you from panicking a lot,

I think a big obstacle in Bitcoin investment is panic. When investing in Bitcoin, you should never expect small profits from Bitcoin because you can make a small profit or a little more than that, but when you sell Bitcoin, you will be disappointed if Bitcoin moves back to a higher price, so if you make your Bitcoin investment long-term, you can earn high profits,

[Ever-young]

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.

I disagree. Holding bitcoin is very easy if you are not greedy and are not tricked by capitalism. You don't need most of the things that you want to buy. Being controlled by the fear of loss of money is also bad but most people are like that. I'd rather see Bitcoin take over the world or I go down to zero trying. The price today is not important.

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.

[Agbamoni]

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.

This is too much.
The Bitcoin is yours, try to discipline yourselves that is how you overcome temptation of selling. But do you know you can something that is not yours as long as it is in your custody. It doesn't matter if you take it like your own or it belonging to someone else. Once the fear, anxiety kicks in, the hands wither and would sell if in your custody.

[Floxynice]

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?

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.

[snipie]

@OP, I am not that recent nor that old in Bitcointalk and in the usage of Bitcoin but I can told you that I have this feeling of not owning something in my hands. It is like having an online book and you have the feeling that you don't own it because it's not in your hands and you are afraid to see it disappearing due to viruses or by mistake.
If I regret something is the amount I spent previously because right now I don't what's the point of selling it at the time you see the price rising and reaching ATH and this will continue happening in the future over and over