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.
There are really people who are not risk takers. And maybe your his friend didn't know a single thing what is investment and how bitcoin works in order to gain profit. And you will see that numerous thread been open asking what is the best buying point, but never did actually get bitcoin when the price is already discounted and still waiting for the price to still go down.
That's why we always tell's them that there are no good buying point. If you are here for the long haul then you really need to invest on it without waiting for any dips. Unfortunately, most of them feared and really don't get how the systems works. That is why they are all talk without making any actual moved to really get it when the price is too low.