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    Author Topic: Bitcoin millionaire: Lucky or possesses more qualities that we don't have.  (Read 731 times)
    DubemIfedigbo001
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    October 04, 2023, 05:11:17 AM
     #41


    Quote
    _ Emotional control: one of the most difficult thing is controlling your emotions while you watch your assets fluctuates greatly, mostly if it's going down, without you pulling the plug out of fear, so i believe it's one of the key they have.
    Yeah, I agree with you, and being that emotionally stable comes with experience and self development, some of them are very good businessmen, gamblers and heavy risk takers and its enough to build their emotions to invest and act on hope of a better tomorrow. Their proper knowledge on the nature of the coin had a role to play cos they're already aware that  some factors might influence the price, so when such started happening, they remained unshaken knowing fully well that it might go in their favor and it surely did.

    Quote
    _Early tech exploration: They got into the industry very early which they took good advantage of, while others were guessing and still not confident about it. They bought Bitcoin at a very cheap rate when people where even afraid of spending a thousand box on it.
    Here, I'll personally say they were lucky and  also had great instincts to identify the striking potential of Bitcoin, took advantage of it and are now reaping the fruits of their labor.
    Quote
    _ Patience: they have the patience needed to steadily build their wealth over the long term.
    They did this because they had other sources of income and didn't totally depend on dividends from their investment on the coin. They're hardworking people who invested with funds they could afford to loose, detached dependence on their investment and went about their other sources of funds while they hoped their investment in Bitcoin materialized.
    This is a very important advice for all of us, invest wisely and be sure to have other sources of income to back you up, so you don't make wrong decisions out of pressure and regret it later.


     
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