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.
Most people are buying bitcoins for some reasons they want to earn from it and they make as a investment for themselves and holding for a long time.We all know that bitcoins is unpredictable sometimes he is dropping and sometimes he is rising too.Being wise to hold bitcoin is your asset.
I agree with you. Most people buy bitcoin because they want to make bitcoin as a long-term investment. Where bitcoin has increased 100% ++ to date even more. It makes most people interested in investing with bitcoin