I asked my friend if he was going to buy bitcoin when it was 800. He said it was too expensive and he would wait for a dip.
at $1200 he said the same thing.
at $2400 he said the same thing.
at $3400 he said the same thing.
Now its about to break 4,000. I asked him if he was going to buy some bitcoin today. Guess what he said?
Some people like your friend never come forward to take even small risks.Without taking risks,nothing could be achieved.But it should not be a blind risk and it should be a calculated risk.I think that your friend still would not buy even when bitcoin price becomes $10,000.Atleast,he should have learnt a lesson on analyzing the previous price history of bitcoin.