.

[European Central Bank]

this forum is littered with people who declared a price and stuck to it. they're still so stuck in their little bubble that they can't see the bigger picture.

this ain't a normal market. it's a market still finding its feet and gaining new people every day. sure, it's gonna crash. timing it is stupid and impossible. better to buy in a little every week and not try to be an expert because there are none.

[BitcoinBallerina]

While you are right in a sense, you must admit buying now at $4,000 is quite a big risk...

[matanglawin]

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? 

They are waiting for the dips because they want to buy Bitcoin , in a way that it won't be expensive, then they'l hold it for a period of time and will sell it if the price of Bitcoin is high. The only thing wrong with your friend's decision is that, he should've buy Bitcoin when the price is only 800$. Same as now. He may buy Bitcoin at this moment, because the pumps are continuous. Something big in return is also assured.

[ufaiz50]

no need to wait for bitcoin crash to buy bitcoin in order to maximize profits because bitcoin prices will continue to rise. I would rather buy bitcoin using felling at any price or buy bitcoin now and hold.

[GreenBits]

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? 

Your friend understands how trading works dont be mad at him.

Never buy into a peak unless you have insider knowledge, or have absolute certainty. Remember the GOX. Bitcoin surged and climbed, it started to make the news, and all types of new guys came to the board, enthusiastic about getting in before it went "moon".

Oh boy did it not moon.

SO the rest of the story is that most of the new guys that came here got salty, and left. Id be pretty pissed myself to watch my 1000 dollar investment slide down to 300, but meh. I say all that to say this; markets expand and contract. if it goes up, eventually it will go down, maybe not full correction, but it always dips.  this bubble we are in is a risky thing. sure the price may go to 4k, but what if it doesnt?  the risk of loss might outweigh the opportunity costs of not buying and having it go up. FOMO is a powerful thing. but FOBB (fear of being broke) is even stronger. I'd rather not get something than possibly loss something.

[duke944]

1. they feel this is worthless vapor, and it isn't worth real money so they only feel ok about it if they are aquiring it with trading moves.
or,
2. They lived through a crash from the peak down to a fraction of where they bought, and had to live with that for a year or more. They don't want that happening again.

[European Central Bank]

While you are right in a sense, you must admit buying now at $4,000 is quite a big risk...

yes. it's pretty dumb to go all in now, especially since the rise as laid out by the op has not exactly been a slow and steady one recently. the buyers of the 2013 peak had a three year and more wait to get in the black again. i don't see it happening that long again but people should maybe be pacing themselves.

[duke944]

While you are right in a sense, you must admit buying now at $4,000 is quite a big risk...

yes. it's pretty dumb to go all in now, especially since the rise as laid out by the op has not exactly been a slow and steady one recently. the buyers of the 2013 peak had a three year and more wait to get in the black again. i don't see it happening that long again but people should maybe be pacing themselves.

Price just hit 10x the price of early spring 2016, which I consider the base of this pump ($400). On watching countless crypto pumps this is an area that almost always dumps.

[DrGuns4Hands]

ofcourse that's the only way they can buy bitcoin when btc price has a big dump and make a good profit from it buy waiting it to pump again and have it raise bubble. trading is not that easy you must buy low and sell high that's how it works to have an income from trading. you must have a strong connection at the market so you will know when the bigwhales gonna sell their btc.

[Junko]

It could be that these people are afraid of taking risks. They may want to be apart of the bitcoin parade, but are so risk averse thinking they could lose money that they just can't bring themselves to pull the trigger. Saying that they will wait for a dip to buy in is just their excuse.

For some people it could be that they feel that they aren't getting a good deal by buying at what they believe to be a high price and want to buy at a "discount" with the dip. My friend's aunt will not buy anything unless it is on sale - food, clothes, electronics, car, plane tickets, etc, etc. No matter what. If it ain't on sale ie, buy one get one free/half price/discounted, she ain't buying it.

[duke944]

Nobody wants to feel like a sucker, even if long term they end up with a big win.
And in the moment, there is no guarantee you will "miss out" the unknown is a scary thing.

[xaxistech]

Because it happens when every normal person wants to buy an active, doesnt matter if it is bitcoin, stuff, or anything else.
I just thought the same, i know btc when it was around 15 dollars each, and i thought that it was not gonna have future, i missed the opportunity of my life like i said, i traded 21 bitcoins for a laptop in 2011.
I started trading and using bitcoin last year when it was around $700 each one.
I wanted to buy but i said that bitcoin was so expensive and i wanted to wait until it reached $500
nowadays it is at $4000 and it is impossible for me to buy a whole bitcoin, but i do trading and other stuff that makes me earn little bitcoins and just hold them for long term.

[Nameless27]

At that time your friend might not see or believe about what your saying or in denial for a profit he maybe gain for other thing than bitcoin. Sometimes we should do understand that they have doubts of anything especially investing their own hard earned money.

[Anfisman]

Today many people are feel regret for not buying bitcoin when the price is still below $ 3000, including me, this happened because currently bitcoin prices are already very high, and it may be very difficult to see bitcoin prices fall below $ 3000, because these few days We see fluctuations but they are stable at $ 3800- $ 4000, so if we want to buy bitcoin,  now is the time because do not let us regret for a second time.

[Drnice]

He is still be waiting for a drop.
The time he was supposed to buy was before the hard fork, when there was a panic sale, even at that time too, the price was still increasing, he should just close his eyes and buy now, otherwise he will not like his present action of waiting for a drop in the nearest future.

[fluidjax]

Start now, buy say $200 / per week or $50 / day, whatever but if you buy periodically over a large time, you will average out the small peaks and troughs.

[hatshepsut93]

While you are right in a sense, you must admit buying now at $4,000 is quite a big risk...

yes. it's pretty dumb to go all in now, especially since the rise as laid out by the op has not exactly been a slow and steady one recently. the buyers of the 2013 peak had a three year and more wait to get in the black again. i don't see it happening that long again but people should maybe be pacing themselves.

Well, this is the answer to OP's question, people who try to invest safely usually don't want to buy during the bull run, they always think that now is the top and waiting for the dip, while in fact no one knows what the price would be tomorrow or in a week, we might go even higher, or fixate around $4,000, or drop down to $3,000-3,5000. This is why investors shouldn't care much about current price and try to day trade, instead they better to just hodl for at least 5-10 years.

[Cocotier]

Some people are stupid, really. I sold to one guy 100€ worth of bitcoins, and later in the day he called me a thief, and wanted his money back. Screw him, now he lost a great opportunity to earn some money. He is so stupid, he will never have much in his life...

[asriloni]

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? 

I guess he said the same thing. but shit coin will be better for your friend, because the bitcoin's dip can't be considered by the exact number to define the number already become the dip for bitcoin. Your friend gives a nice joke for me. 

[oegarod]

That's common thinking of majority of the users. Everyone has the same thought process of buying low and selling high. For the same, people who cannot afford it presently expect for a price crash, so that can earn a profit by the days in a short or longer.