This recipee could be a thing of the past. Nowdays it may be better to look for opportunities as lots of talent is going into the market. Do you still think of becoming a millionaire by hodling?
You could be a millionaire not just by holding but also you need some stable bitcoin income to further increase your chances of being a bitcoin millionaire.
If you are just holding a small amount of bitcoin it wont help you at all, you need to grow your bitcoin so that becoming a millionaire is not a dream away.
So how we can increase bitcoin? From holding or trading or increase from fiat?
Holding is still good to do but only in some case. You can see the downfall very hard this time, so holding it will be a bit dangerous. So we need to sell it soon and buy back in lower. But this strategy also have risk. Nothing have no risk. Remember that.