The direction of bitcoin is not known by anyone, whether it’ll be profitable in the future or not, either if you hold for long you’ll get some profits out of it later. What is more important is that conviction that you need in order to make you think of it positively. Past experience have happened and bitcoin has been profitable for all holders from inception till now, but is that enough to make one continue believing in it or not for the future remains with the holder of the coin. Past analysis is okay to give you a conviction and trust in the process of making profit from bitcoin investment. The thought of not knowing the profitability of it and also not knowing the next move of bitcoin and just basing your conviction of past experiences makes it intriguing more to hold for the long term. $100K is certain to all of us but when and how is it going to happen remains a mystery to all of us but we keep holding.
From what has happened in the past, it creates great confidence to look to the future of Bitcoin prices and that confidence must be grown because it is quite important to avoid unwanted things such as panic when Bitcoin prices fall, so I think for those who plan to hold Bitcoin and hold it for a long time, they must prepare a strong mentality when they see market prices moving quite quickly.
No one doubts Bitcoin will reach $ 100K, and it is true that we all do not know for sure when it will happen, but for some people also have confidence in the price of $ 100K after seeing the current price movement and what happened in the past, I am quite optimistic that it will happen in the near future.