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.
The longer the better, if you hold your bitcoin longer, you will get the unexpected price rather than expected price. If I were you don't spend your bitcoin too much, it is better to use the fiat money to buy altcoins rather than bitcoin.