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.
Anyone selling bitcoin to buy back lower (especially around $110k) sounds retarded. The best way to accumulate bitcoin is to keep buying. Another thing is that it can take 4-10 years or longer for anyone to even come close to accumulating a large enough stack, so it also seems retarded to sell bitcoin after 4 years and to treat bitcoin as a trade, unless you happen to be old or you have health conditions that you need the money.
If you build your BTC holdings and hold more than 10 years, then you are going to most likely be in a better place to engage in sustainable withdrawal where you are selling to live off of your bitcoin rather than fucking around trying to sell BTC to buy back cheaper. Sure, if you have reached an over-accumulation status, then you could sell some of your extra BTC, but it tends to be a bad idea (like gambling) to sell bitcoin with an expectation of buying back cheaper, especially if you have not yet reached a status of over-accumulation.
But hey, whatever, we are always going to have people selling too many of their bitcoin too soon and selling their bitcoin to Michael and Larry.. and that is your choice to be treating the most pristine asset as if it were something to fuck around with and try to trade with it rather than having a situation in which you are building your BTC holdings from buying techniques. If you want to build your BTC stash, you don't accomplish that by selling, you have to keep buying, that is how it is done. But, hey, whatever, do as you like.. a lot of dumb folks out there..and maybe you will get lucky... perhaps? perhaps? but I would not count on it. You are probably going to end up with way fewer coins than what you could have otherwise had.
That is exactly how it is suppose to be, holding for a long period of time before having a thought of selling but it appears that some people have made up their mind to buy and sell whenever there is a little profit and hoping to buy back when the price drop although it may look like a strategy for them but trust me it is not the best approach to Bitcoin investment and most of these people don't use what they can afford to let go that is why when they buy at a certain price they will have a target where they want the price to reach before they will sell and whenever this doesn't go as planned and they used what they can not afford to let, they will sell even in loss and this means that you are going backward instead of forward.