How To Be A Millionaire?

[WatChe]

Well you could follow their lead and continue to collect bitcoin at every dump and make sure to keep on increasing your stash of bitcoin.

But I am sure a lot of people are apprehensive about even starting into bitcoin. There are many people who have money at hand but will continue to hog away at traditional assets because of comfort in them and being used to those assets.

Hence from a selfish perspective, just continue collecting bitcoin and sell it as needed.

We have seen that people who bought Bitcoin when it was under 100$ and hodl it for next ten years are now millionaire. They become millionaire by investing almost nothing in Bitcoin but there confidence in this technology that it will rise to exceptional high price in coming years. But that is story of past and we can't go back in history to catch that opportunity. What ahead is that Bitcoin price has gone down to 65k and we already saw Bitcoin price touching 126k in last Oct. This is ideal time to invest in Bitcoin to secure our future profit.   

[Johnlomape]

Michael Saylor is a very popular character in the crypto industry. He has turned his company, Strategy, into what is now one of the biggest holders of bitcoin. Saylor’s bold moves made Strategy’s shares skyrocket as bitcoin rallied. His initial business wasn’t associated with crypto but now it’s probably its biggest asset.

Michael Saylor is one of the billionaires that had contributed in the crash of Bitcoin since they had really made huge profits from their investments. I don't really blame these people because their main reason of investing in Bitcoin is not because they want to be holders but to make huge profits from the crypto market.

They are the ones that would speculate the price of Bitcoin and they are also the ones that will sell at the back when no one knows what's happening or what their intentions could be. Investing in Bitcoin should be about you taking the risk attached to your investments or else you are going to regret if you don't have alternative options in case anything happens.

[Rockstarguy]

To be a millionaire starts from the mind, we have to start thinking like one, then also make more further steps to learning how to become one by self discovery of potentials, learning more skills, acquiring more knowledge and making sure that we give in all the best that could position us to the right atmosphere of being prone to becoming rich, which also have to deal with the environment we live in, the kind of friends we keep and the necessary efforts we put in towards making it a better goal for us to achieved.

It is not easy to be a millionaire, and it is not a journey that starts and one becomes a millionaire; it is a long-term journey that requires good patience, especially when you come from a home where wealth was not inherited.

For those who have a better foundation, it is easier for them to achieve it, but for those who are building from scratch, it is not easy to attain wealth. You must be able to work smart, save money, and then reinvest again, and with this continuous process, one can achieve wealth.

[allthebitandbobs]

Unrelated to Saylor or even bitcoin in general, starting a business isn't easy and most likely that you will bankrupt before you become a millionaire. By comparison, check how many companies started in each year, and how many of them reached 1 million revenue let alone profit, and how many of them bankrupted.

I guarantee you that the number of business' that bankrupted will be far greater than the number of companies that made a million in revenue. Which is why it is not a simple answer, nor a good solution.

[BRINIRHA]

We have seen that people who bought Bitcoin when it was under 100$ and hodl it for next ten years are now millionaire. They become millionaire by investing almost nothing in Bitcoin but there confidence in this technology that it will rise to exceptional high price in coming years. But that is story of past and we can't go back in history to catch that opportunity. What ahead is that Bitcoin price has gone down to 65k and we already saw Bitcoin price touching 126k in last Oct. This is ideal time to invest in Bitcoin to secure our future profit.   

We can indeed learn from those who have held onto bitcoin for the long term. Although we may not reap huge profits like the early holders who invested small amounts of money, in 10 years or more, the bitcoin they held became extremely valuable and made them  millionaires. However, at the very least, we can trust that Bitcoin will continue to grow and gain more trust from people in the future. Therefore, its adoption may become more widespread. And we can imagine how valuable it will be at that time.
So, I think DCA from now on is still a good strategy if you plan to hold it for the long term.

[DYOR+BTC]

If becoming a millionaire is that easy know body in the world now would have been poor, especially those that have come across this thread. Advice towards becoming millionaires are very easy and common but the problem here is how it can come to reality, assuming it works the same way it is preached all have been financially stable in life. Honestly speaking there is know short cut towards becoming a millionaire apart from sacrifices be it to sacrifice time, energy or even capital before we talk about favour, all this works hand in hand in building a successful future of any body.

[bubilas]

Michael Saylor is a very popular character in the crypto industry. He has turned his company, Strategy, into what is now one of the biggest holders of bitcoin. Saylor’s bold moves made Strategy’s shares skyrocket as bitcoin rallied. His initial business wasn’t associated with crypto but now it’s probably its biggest asset.

Saylor continues to buy more bitcoin. This is not saying to drop everything and put all your money into bitcoin. But what made Saylor a smart man is that he was able to find what would be a potential profitable asset and used his existing business to build his wealth. Life doesn’t stop at just creating business. You need it to grow and you need to find other assets to supply the company and make it grow even more.

Michael Saylor is someone who took a huge risk. He buys Bitcoin and holds it, and yes, that's the icon of the holding's ideology. But in my opinion, he made two huge mistakes. First, he issued a lot of tokens, which allowed him to buy Bitcoin even when he ran out of money. He lured people in with good interest rates. But isn't that a Ponzi scheme? It looks like it. Second, he didn't sell Bitcoin above 125,000, and now he's fallen into a hole with all his reserves, making his future very questionable. It's clear that if he had sold Bitcoin, the price would have collapsed, and all those predictions about 10,000 per Bitcoin would have become very real.
But he could have sold it and made an incredibly huge profit. He chose to be an ideologically strong person. Respect for that.

[Agathamay]

Michael Saylor is a very popular character in the crypto industry. He has turned his company, Strategy, into what is now one of the biggest holders of bitcoin. Saylor’s bold moves made Strategy’s shares skyrocket as bitcoin rallied. His initial business wasn’t associated with crypto but now it’s probably its biggest asset.

Saylor continues to buy more bitcoin. This is not saying to drop everything and put all your money into bitcoin. But what made Saylor a smart man is that he was able to find what would be a potential profitable asset and used his existing business to build his wealth. Life doesn’t stop at just creating business. You need it to grow and you need to find other assets to supply the company and make it grow even more.

we all now think and believe Michael is a hero because his decision to buy bitcoin was a successful and profitable one and i am very certain that if the reverse was the case, it wouldn't be the same by now and this story just paved another way of thought never to pay attention to opinions of others provided that you are doing the right thing.

all those who missed out on bitcoin  before it skyrocketed to $100k are currently seeing the price now and are for one reason or the other procrastinating holding now rather than seeking every possible ways to buy.

[barisbilgili]

If becoming a millionaire is that easy know body in the world now would have been poor, especially those that have come across this thread. Advice towards becoming millionaires are very easy and common but the problem here is how it can come to reality, assuming it works the same way it is preached all have been financially stable in life. Honestly speaking there is know short cut towards becoming a millionaire apart from sacrifices be it to sacrifice time, energy or even capital before we talk about favour, all this works hand in hand in building a successful future of any body.

That's true, even when we follow all the methods and the path, it doesn't necessarily mean we can achieve our goals as planned. Becoming a millionaire is actually a very difficult thing to achieve; it's a reality that must be acknowledged because we can see that all over the world, only a few people with a small percentage succeed, while the rest of the people keep trying even though it has been a very long time.
What needs to be remembered is that all theories are not as easy when we put them into practice.

[Inwestour]

Michael Saylor is a very popular character in the crypto industry. He has turned his company, Strategy, into what is now one of the biggest holders of bitcoin. Saylor’s bold moves made Strategy’s shares skyrocket as bitcoin rallied. His initial business wasn’t associated with crypto but now it’s probably its biggest asset.

Saylor continues to buy more bitcoin. This is not saying to drop everything and put all your money into bitcoin. But what made Saylor a smart man is that he was able to find what would be a potential profitable asset and used his existing business to build his wealth. Life doesn’t stop at just creating business. You need it to grow and you need to find other assets to supply the company and make it grow even more.

As far as I can see, I didn’t notice a single mention in your post about how to become a millionaire, only a mention that Saylor is buying Bitcoin. But if you look at the current state of his company, they are actually at a loss, because their average Bitcoin purchase price is somewhere around $75k, while Bitcoin is now around $70k and at one point even dropped to $60k.

Saylor became a millionaire thanks to his other businesses and ventures, not because of Bitcoin. Or is the message of your post that in order to become a millionaire, you just need to keep buying Bitcoin no matter what?