I doubt that we should expect profits, especially in our first whole cycle of investing into bitcoin, our holdings may or may not be in profits... so we should not be focused on profits, but instead focused on building our bitcoin holdings for the long term... hopefully 4-10 years or longer. Even long term we are not guaranteed profits, yet of course, we invest into bitcoin with expectations that it is an asymmetric bet meaning that the most that we can lose is 100% as long as we don't use leverage, and that we consider there are a variety of upside scenarios in regards to bitcoin having a lot of strong fundamentals related to its scarcity and its censorship resistance characterizations, in which bitcoin still seems to be in its quite early stages of adoption including the ongoing expansion of its 7 network effects (as outlined by Trace Mayer).
That's also a good point.
Moreover, if we look at it from a general perspective, when we keep moving between buying and selling in the hope of making a profit from Bitcoin, that too with a long-term strategy, then we get affected by FUD and sometimes we miss big opportunities and even face losses.
So I also think that Bitcoin investment should be done with a holding plan of 4 years because the 4-year cycle shows the bull-season and bear-season of Bitcoin.
I actually believe in this kind of planning, for example, now is on Bitcoin's bull season and I have taken a target that if Bitcoin touches or crosses 110k, then I will sell my holding amount and later by holding stable USDT, I will invest in the next bear season of 2026 or 2027 in a few parts and later I will sell the next bull season by keeping the holding. In this way, I will be able to make my initial investment multiple times larger.