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Quote from: Sobz on August 14, 2024, 10:59:22 PM

Will bitcoin still be profitable in the future when most people might have understand it better to hodl bitcoin. I think bitcoin is gaining more adopters because people are getting to understand it better and I feel in the future people won't be worried about the volatility of bitcoin because they already know what the volatility of bitcoin is all about. If majority of the people hodl bitcoin in the future will it still be profitable as what it is today ?

Well to be frank there's no guarantees, because know can actually see the future. But base on bitcoin past performance and how bitcoin keep gaining more adopters. The chances of it surging higher in the future still high , but they are going to be alot of up and down trend, before getting there, that's why we got to be strong in our bitcoin holding. So that we can also partake in such great event when the time comes, just pray will be around by that time .

Well everything doesn't have guarantee that's why every decision making is really quiet risky. But since bitcoin is doing so well then I guess this is a strong hold for people believing that bitcoin continue to have a bright future.

We are dealing with limited supply and if there's demands will came to it then holders will continue to get a profits for long term investment on bitcoin. There maybe a lot and dumps with it, but if bitcoin will get outstanding accepting the price of it would provably grow.

So I think so far its good to hodl since so far there's still earning potential for people who decide to do this.

Given past price history as motivation for an investor's holdings and the effect of limited supply, I'm pretty sure that Bitcoin price will continue to rise as expected albeit with the occasional correction. Most of the Bitcoins have been mined in the past years and have increased in value almost 40k times and with only a small number left to be mined, it is difficult to predict how much the value could skyrocket in future. So an investor should hold more to reach higher financial status in future.