.

[ethereumhunter]

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 think he will said the same like before and not trying to buy any bitcoin. i have my friend that said like that but i fortunately, i don't listen what he said, i'd rather to listen to my feeling which say i can buy after the price is break down for a while so i can buy with the lower price although the price now is up to $4xxx.

[The Sceptical Chymist]

Duh, because it's at its all time high.  That's normal, plus there's no way to tell where we're going from here.   Lots of people bought at the high in 2013 and got burned.  Of course if they'd held on to that bitcoin they'd be in the black, but no one here has got a functioning crystal ball.

[Mpamaegbu]

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? 

Lol.. I guess he said he would also buy at a dip. That's the altitude of people who live in regrets. You and I know that Bitcoin isn't going back to $1000 again, except there is going to be a to total eclipse of the crypto world. Yes, many people are still in this altitude.

[Pursuer]

from what I have seen all these years, people who are waiting for the "crash" to buy bitcoin, will never buy it. they wait and wait and the crash they have in mind never happens. and the funnier part is that if someday that crash happens out of nowhere they will still not buy! because they are scared and greedy and wait for a lower price and a bigger crash, and you know during crashes there is always FUD which makes people more on edge.

[djuvantebit]

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? 

Same thing

BTC curve for now is still linear and anybody that misses the dips to get on board only will have to pay more later

[Denker]

It's probably people are not used to these crazy price increases in such a short time.
Bitcoin is having huge potential and the people participating right now know this, because they understand the technology!And that we are still pretty early in the game. So NOW is the time to get in you're right.
But people who have no clue what Bitcoin is about often compare it with stocks or other investment vehicles. And that is the big mistak they are making.
Bitcoin and crypto currencies is a completely new phenomenon. You can compare that with traditional markets.
This is a new asset class! And now is the time to take advantage of it. Maybe we are close to hit the exponential phase of s-curve adoption. If that should be the case we will move up to 10k+ in no time.

But I can understand people in a way when they checked the long time chart as Bitcoin tends to crash after big moves. But history doesn't always repeat. And if you plan to enter Bitcoin for long, 5-10 years at least, it shouldn't really matter to buy now imo.

[timerland]

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? 

Well he could have definitely bought in between those pumps. There were a lot of dips in between pumps that could have definitely been taken advantage of, instead of just blindly buying in at every single moment with every single cent that you own.

At the time of my post it's already broken $4k and stayed up there for a day.

Honestly, i would not buy now and i would agree with your friend on this occasion, wait for the crash and the panic, and buy then.

But it's up to you honestly. I personally think this pump isn't going to be over either, until at least the end of the month. If you feel comfortable buying in now then go ahead.

[Soros Shorts]

Duh, because it's at its all time high. 

In a trending market, as opposed to a market that is in a trading range, buying in at an all time high is a statistically safe strategy. The problem is that for most people it is difficult to tell when the market is in a trending mode until it is already almost over.

[ibuddy122505]

I've seen nothing wrong to buy some this time. who cares that BitCoin is going to the moon, in coming future, it will be more expanded. This is part of the market ups and downs. I hardly believe that never make any decision due to fear of the market speculations. Try to be a leader, not to a follower.

[machinek20]

If you got money that you want to invest dont wait again to buy bitcoin, if you keep on waiting you will miss the chance to become rich, look at the price, a week ago it is still 3500$ now it is passed 4000$, if you wait again you will miss another train

[Shinpako09]

He said the same thing again, right? Does your friend holding any amount of btc or not? If he is not holding any amount and he keeps on saying that. Don't bother to say it again next time man, you're just wasting your time because obviously he is not interested. He was the one who lost an oppurtunity, not you.

[Kprawn]

If you got money that you want to invest dont wait again to buy bitcoin, if you keep on waiting you will miss the chance to become rich, look at the price, a week ago it is still 3500$ now it is passed 4000$, if you wait again you will miss another train

I am the "forever optimist" but I think people should be cautious to buy in at the peak of a "spike" .... The price history tells

us that the "spike" will only last for a few days and then people starts to dump to take profits. If you are clever, you will time

the buying on the start of a bull run and not at the upper end of the curve. This time, it might be a little different.. because

adoption in Japan is driving the price increase... but you never know what might happen. 

[SMSabuj]

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 it's about to break 4,000.   I asked him if he was going to buy some bitcoin today.  Guess what he said? 

Ha ha. LOL  He can not buy a single satoshi of Bitcoin ever. He will just wait and wait. But Bitcoin won't dump as his wants. Now Bitcoin is dumping. You can tell him to buy Bitcoin now. It will pump soon. So it's the time to buy Bitcoin.

[RoommateAgreement]

reading these couple of lines in OP seems like reading my lifetime experience specially on this forum with all its newbie member topics. each time the price rises they call it "too expensive" and the worst thing is that they call a bottom and say with absolute certainty that they will buy at that price. and what do you know, that price actually happens but they won't buy because now they are reading the FUD and thing a lower price is also possible.
long story short price recovers back up and they are still waiting the long wait because now they have missed their target and are depressed!

i always warn people to make sure to "buy the dip" but so little ever listen.

[que91]

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 it's about to break 4,000.   I asked him if he was going to buy some bitcoin today.  Guess what he said? 

Ha ha. LOL  He can not buy a single satoshi of Bitcoin ever. He will just wait and wait. But Bitcoin won't dump as his wants. Now Bitcoin is dumping. You can tell him to buy Bitcoin now. It will pump soon. So it's the time to buy Bitcoin.

But I really doubt the scenario of whales on the market in this year. Do you remember event Mt.Gox exchange offline down make the price of Bitcoin crashed from $1,300 to ~$1xx? Yeah, and in someday, after they created a strong faith on the market, they will repeat this scenario!

[hatshepsut93]

Buying the dip is sure a very smart strategy, but dips happen for many reasons and its important to distinguiqsh them. For example, the recent dip to around $2,800 was caused by overspeculation and panic in reaction to China news - so in order to buy this dip, one should have predicted these news and buy at a very short window, since the price rebounded in the next day. Then there are other types of dips - caused by pure speculation on the price, like the recent drop from $5,000 to $4,500 - they are more common, but you have to wait for them for a long time and risk to miss out on opportunity. There's also a third scenario - something catastrophic happens and Bitcoin will crash to the ground. This is extremely unlikely and no one will be able to tell when is the bottom. So, in general, buying dips is extremely hard, and you need some luck to catch them, so for less experienced people it's better to just buy and hodl for years and not worry about the price.

[Teemotje]

Because it is very cheap when bitcoin crashes i thought of buying bitcoin when it was:

$1200
$1700
$2300

but i never did because it seemed too much money and now it is at a price of $4000 so i regret my choice right now.

[Opekin]

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? 

Its common "Price is too high i will wait for it to dump" when it dumps i will wait more its high until the price goes up and have a new price range. Its a cycle for most of the people i have a friends also waiting for that and keep always on saying its high price.

[allohha]

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? 

Its common "Price is too high i will wait for it to dump" when it dumps i will wait more its high until the price goes up and have a new price range. Its a cycle for most of the people i have a friends also waiting for that and keep always on saying its high price.

The fact is that these fluctuations in the price of Bitcoin give an opportunity not only to earn, but also to attract new investors. Whether this situation attracts more and more users, then the popularization of Bitcoin is solved by a good scale.

[BitHodler]

Its common "Price is too high i will wait for it to dump" when it dumps i will wait more its high until the price goes up and have a new price range. Its a cycle for most of the people i have a friends also waiting for that and keep always on saying its high price.

These people don't understand this market, and don't understand how much potential Bitcoin has in the long term. Back in the days when we were hovering around the $500 level, it was seen as high.

At that moment the market may have been overbought, but that didn't hinder me from buying even more since my goal is to hold everything for the very long term ~ that's how it should be.

Seriously, at current levels, if you plan to invest for the long term, how much difference does it make to wait for the price to fall down a few hundred bucks? Current levels are nothing more than peanuts if we look at the bigger picture.

In other words, just buy at current levels and have a decent bit of fiat aside for when the price falls down, very simple.