Quote from: Demughni on June 01, 2018, 09:23:32 PM

Quote from: First77 on May 28, 2018, 09:25:11 AM

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.

People are still buying bitcoin because They have got alot benefit from bitcoin, They believe the market will rise soon and they bitcoin is the best long term investment.

We are still buying bitcoin because it is not yet too late and it is not obsolete to do so, so why would we need to worry in buying it, people are just screaming when the price goes down, but it should be not since we should know the nature of bitcoin and how it works.