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.
thats why people buy bitcoin, they think if buy bitcoin will get profit faster than gold and silver they can get profit 100% in a year if the price of bitcoin stable
I think some people know trading on bitcoin need more patient and experience in trading because trading bitcoin have a big risk