If people buy Bitcoin at $8,000, they will get 100% profit only when Bitcoin reaches $16,000. If it takes 5 years to reach $16,000, people will earn more money from Gold and Silver than from Bitcoin. Silver is giving 20% to 35% profit in one year.
Mining cost of one Bitcoin is $5,000 or more. When Bitcoin was $400 or $800 it was understandable because people had to just spend $400 or $800 to get one Bitcoin and $1,200 is super high profits when Bitcoin started from $1.
Bitcoin is the first cryptocurrency and we can also say that bitcoin is king of cryptoworld. Bitcoin price fluctuate too much at evry second.if you seen the last few month than bitcoin crossed upto the 22000$ and before some weeks the bitcoin proce flucuate 3000$ in only one day.Now you can compare the bitcoin and gold or silver. We can easily get more profit from the bitcoin.And btc is trustworthy so people arw still buying bitcoin.
yes i agree with you pratik009., one of the think people love is trust and bitcoin is trustworthy. because they believed that it will them rich.