The Difference Between Being Early and Being Lucky.

[Cryptohygenic]

As we all know those who discovered bitcoin in 2010, 2011, and 2012 were said to be early, but not all of them who discovered bitcoin early are rich or wealthy today, fact. Large number of those people who discovered Bitcoin early sold their bitcoin investment after they made small profit, some of them lost access to their wallets, why some too abandoned bitcoin simply because they didn't believe it would succeed, another fact.

Just know that the worth of 1 bitcoin in the early times is equipment in value of 1 bitcoin today. The difference is the price change which is as a result of inflation that increases it which is apparently why bitcoin is a store of value.
Note that the fiats is quite depreciating fastly over inflations, therefore, the value of $100 then in 2010 could be valued at thousands of $ today's.
So if only the early investors who bought in the early times could still holds their bitcoin up to date like now bitcoin price have been overrated due to inflation, you will see that earlier investors will be ahead of the investors buying at the higher costs.
I believe this analysis is particularly why most of us regretted why we did not buy when we had the opportunity to buy on the low.
Same reason why we find buying the Dip very attractive while holding for the long time determines the level of profit returns.

[Asuspawer09]

I mean you probably just need both of this in order to be a success, what I usually see is there was always luck involved most of the time, but the this is always being present on that market or starting, that is why being early is a huge thing but that doesnt mean or guaranteed that you are going to make it, there were always luck involved, maybe a few traders that actually predicted how the market goes but most of the time it was just luck.

It's true that not being early was just not enough for sure, except for the few people that actually predicted it, but not all of the early investors are actually becoming millionaires there are only a few that actually last, having that discipline or just being lucky. I mean, for investors who actually see Bitcoin's future as a whole different level of vision, imagine investing like a 5k$ into something that you dont really know if it's going to have a future, seeing and predicting it was just a long shot and luck.

[EarnOnVictor]

Therefore, what separated those who were merely early from those who ultimately benefited from bitcoin is conviction and patient imo, because it is easy for anyone to buy an asset when nobody is paying attention to it, but it is much harder to hold it through market crashes, negative media coverage, government criticism and years of uncertainty. Feel free to give your two cents on this discussion.

Bitcoin investment has once again proves that the more you can take risks, the higher is your possibility to be successful. Many of those who got so rich with Bitcoin didn't understand what they were doing, but it turned out to be a blessing of a lifetime. While some people would carefully study an investment, but it will still fail them. That is where luck/risk lies in-between. However, those who I respect most are the ones who would have maintained their Bitcoin investment till now. Of course, many of them must have spent some. But the fact that some of them are still HODLIng regardless of what happens show trust, and it's obvious that Bitcoin has built enough reason to trust it itself.

[Bitcoin_people]

There are many people who know about Bitcoin who have come to this day and many of them regret that they could have come earlier, it would have been better. And there are many who think that if they had invested at the beginning, they could have become wealthy. But I think this is completely wrong. Basically, the mentality of people is the most important thing. When Bitcoin started, people were very afraid to invest in it and to believe in it. But when its value gradually started changing and people started believing in it, people's interest in investing arose. However, it is not just that investing earlier would have rewarded a lot of money. There are many people who would have bought and sold it when they made a small profit, but they could not sustain their investment for a long time. In that case, people's mentality depended the most, and only those who were lucky could maintain their investment for a long time. Those who were not lucky enough to have a big reward could not survive.  So those who still think they are late to Bitcoin will regret it in the future, so I think it is not late to Bitcoin, but rather that investing at any stage will reward you in the future.

[jcojci]

It is not be a problem if you are not being early knowing Bitcoin but you can still being lucky especially if you can invest in Bitcoin at the right time. Most people asks when the right time? That will depend on your research, all people will not have the same right time.

Those who being lucky will make a profit and maybe their profits will be bigger than others. They can enter to the right time, having much amounts of Bitcoin than others, selling at the high peak and that will not happens to most people.

So you don't have to feels sad not being early knowing Bitcoin because you can focus on your investment and who knows you will be the next being lucky person so keep focus and not complaint.

[JeffBrad12]

Fairly speaking nobody would've seen it coming how bitcoin can grow this fast. Not even the most degen person in investment see it coming.
Being early owning thousands of bitcoin with few bucks gets you in the game, but patient and conviction is the one that makes you wealthy holding BTCitcoin.
That patient really paid off because people who held their bitcoin are becoming so rich their money won't run out easily even if they spend on luxury.

[Nahl]

Nobody can predict the future that although some bitcoiners are being early and bought bitcoin at years 2010 or 2011 but don't mean these people have already to became an the millionare because at that time the value of bitcoin is very cheap and probably some of them have sold their bitcoin early too so, they never thought in the last several years bitcoin will be quite expensive because, if they can predict it certainly they will bought a lot of bitcoin at that time and hold it for years until the price high

Speaking about being luck from bitcoin i don't think it will effect more but indeed those who can hold bitcoin for years and can safe their bitcoin without lost their access to their wallet probably these people are lucky but if we talking about lucky it is not fully true because to hold bitcoin for years people are required a lot of patiently to do that and these people are believe bitcoin can make them to became an the millionare someday

[m2017]

As we all know those who discovered bitcoin in 2010, 2011, and 2012 were said to be early, but not all of them who discovered bitcoin early are rich or wealthy today, fact. Large number of those people who discovered Bitcoin early sold their bitcoin investment after they made small profit, some of them lost access to their wallets, why some too abandoned bitcoin simply because they didn't believe it would succeed, another fact.

And this is already similar to a sport where not everyone reaches the finish line.

Therefore, I want to make one thing clear so that we can get the picture clearly, if being early alone guarantee success, I am pretty sure that many people would be very rich or wealthy today through bitcoin but that's not the case.

It's like the eternal double problem of money: first,  have to be able to earn it, and second, have to be able to keep it.

Some people bought bitcoin years ago with very little knowledge, maybe they made that  Bitcoin purchase out of curiosity or FOMO, fear of missing out and they forgot about it, and later discovered that their bitcoin investment had increase in value overtime. Indeed, this set of people should be considered as luck people, because luck played a larger role than skill or foresight.

These lucky ones were helped by the fact that they "forgot" about their bitcoins for years and "remembered" it only when it skyrocketed in price. I recall a user from a Scandinavian country, like Denmark, who was writing his thesis on cryptography and bought bitcoin for it, I think 5,000BTC. He only remembered it during the 2017 hype, if I'm not mistaken. This is precisely the kind of luck that has no merit, but is purely the result of chance and luck.

Therefore, what separated those who were merely early from those who ultimately benefited from bitcoin is conviction and patient imo, because it is easy for anyone to buy an asset when nobody is paying attention to it, but it is much harder to hold it through market crashes, negative media coverage, government criticism and years of uncertainty. Feel free to give your two cents on this discussion.

Strategic thinking and the ability to stick to your plan. These qualities are inherent in any competent investor, even in traditional markets.