These days I’m so settled with bitcoin that I am in the zone where these things doesn’t matter. In the sense that I have already accepted Bitcoin volatility and I am used to it. So if I am transacting then I am considering that it’s just 500 sats, million sats or if capability comes then I would do same with full bitcoin transfers. If I am going to consider my transfers then I just do it whenever I need it. I don’t care what’s the price per bitcoin. Hell I am earning in Bitcoin and I have observed the average is getting maintained all the time. Yes volatility matters if you are going to use that shield to make more money in the future over trading. It doesn’t matter if you are casually using it everyday. Some may agree some may not but these are the facts.

Its a universal investment truth, right? Control, patience, and long-term perspective are crucial to managing bitcoin investing world.

You're right about early tech exploration. Early crypto investors have benefited. They spotted the possibility, risked diving, and succeeded. I also like your “long-term perspective” emphasis. The game should be long, steady, and well-planned.

With all these keys, is success guaranteed? Certainly not. Cryptocurrencies are like a moving puzzle. Always a missing piece, fresh task. Despite emotional control, early research, long-term perspective, and patience, there's always a risk or unknown aspect. Knowledge is power, but with crypto, its also about adapting and learning.

Bitcoin millionaires have had the good fortune of buying a lot of Bitcoin when the price was very low. But some of them would never have thought that the price of Bitcoin could reach $60k. And they are the lucky people.

But at that time, they also didn't think about this technology and just bought it for fun. And they don't think about holding Bitcoin for the long term. But it's when there is a movement or increase in the price of Bitcoin that they realize the potential for a higher increase so they buy more Bitcoin.

All because they were lucky to be able to hold Bitcoin from the early days of Bitcoin's introduction until it exploded in 2017 as its first high rise. And that was the time when Bitcoin experienced popularity and adoption which started to run better than previous years. And now, more and more people want to buy Bitcoin, especially since they see many predictions of very high Bitcoin price increases in the future.

That is the key. To become a bitcoin millionaire you either have to have a lot of money to invest or a lot of patience (understanding a millionaire as someone who has a million dollars in bitcoin because no one is going to get a million bitcoins).

If you have $250,000 to invest now, you can easily become a bitcoin millionaire in the next cycle, as it is normal for it to go up at least 4 times from these levels. But if you have $250,000 to invest, you'll probably be a fiat millionaire already, and if not, it won't be long now.

The other strategy is to do DCA and hold without selling for at least two or probably three cycles, depending on the amounts you are contributing to DCA. In the first cycles it was easy with just one cycle if you bought near the bottom and sold near the peak, or if you held on for two cycles to make a lot of money, but in the future it won't be so easy.

Always have money to sustain yourself, it's not just holding your Bitcoin, tough times will come and it could steal your Bitcoin from you if you are not prepared, Billionaires understand how to survive the tough times without touching their investments, this is why they are different from small investors like us.

Since you are not a millionaire or a billionaire yet, it's not going to be a easy journey and the only tool you have right now is patience, a lot of patience, that is the only way you can grow, it's just that having a lot of money will make the journey more smoother as an investor than someone who is managing to catch up.

Also, all what these Millionaires and Billionaires think about is investing more and more, they found new companies and they invest in them, they find new stocks and they become a part of it, if there is a hope that the company will become a success, they go for it, this is the mindset of most rich men, they take part mostly in growing their money.

In addition to all you just listed, I will like to add that another key qualities that those who made millions of their Bitcoin investment was the early knowledge they had about Bitcoin, knowing it to be an asset worthy of great value in near future. Secondly, a strong confidence in believing in the Bitcoin project without seeing result is another key quality which the early adopters had, which we don't have today, followed by a careful ability to save their funds in the save wallet is one that thing the millionaire investors of Bitcoin have that we don't.

We do not deny that there are Bitcoin millionaires. The luck factor was one of the reasons for their current wealth. They caught one of the golden opportunities when the price of Bitcoin was low and bought large quantities with low capital. They stored these quantities and held them for years, increasing their wealth. But there are also millionaires created by Bitcoin thanks to the fantastic and important qualities they have, such as the ones you mentioned, as their long-term theorists. They buy when everyone is afraid, during periods of price decline and complete stagnation in the market. They hold their bitcoins by controlling their emotions for the future without relying on short-term investments and their belief in the ability of Bitcoin and its modern technology without paying attention to any FUD that causes them panic, and thanks to their patient waiting and adherence to many strategies, the most important of which is risk management, preparing them for solid investment plans, analyzing the market and opportunities, and many other qualities that play a role in making their investments successful, their decisions correct, and wealth creation.

Been thinking about this for a very long time, I don't know if some would resist if they bought bitcoin at a price of $1 and could sell for $900.

Wealthy people don't need crypto that's for sure, they might only jumped on crypto because of the hype or just they don't know where to put their money. And as far as I know, wealthy people put their money on real businesses to gain passive income.

I couldn't agree more. This is what should most of the people be realized.

The three things that you have listed work hand in hand in order to prepare one for what the future holds. One is to take decisions about something, and another is to be a good decision-keeper. For you to be able to hold on to that, your decision to hold till the price hits a particular target means that you have overcome your fear and your emotions, and you need to attach patience to it.

As the price of bitcoin most times can't be predicted and the market usually experiences bearish season, which means we are going to see times where our investment will be on the red season and our capital depreciating right in our eyes, and the more we are observing it, the more we are seeing it go down more and more, but as someone who has a target in mind, controlling your emotions will help you not to sell at that particular time. If you can control your emotions and eliminate fear in your mind, the next thing that comes that can back up holding decisions is patience.