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.
We all know that the price is still low and looks like keeps on decreasing and actually that's the point. Many people keeps on buying Bitcoin because that is the best time to buy and remember - buy low and sell high as the basic and effective stratgey in digital or any trading platform.