so my friend spent $14,000 buying bit cons
 

He has 2....

He spent $14,000 for 2 bit coins....

I told him he's dumb.. and to give me one.

Bitcoin is going to the moon :2 cents:

I hope it does, but it just lost $3500 in the last 22 hours. :(

you never ever buy during a pump...it was time to buy at 3K for the hodlers...you are late now...risk to reward is very unfavorable...the only way in now is if you hold it at an exchange with a stop loss active...a major taking profit may well happen...

He bought 2 BTCs for 14k$ (so 1 BTC for 7k$)? Then he made a pretty good deal with the current price of it ;)

after gaining $11,000 this year :2 cents:

agreed, buy on major dips only. You buy into the hype mid-pump, you're going to get fcked over most of the time

But also good to know that in 10 years of existence only 6 weeks would have been bad times to buy Bitcoin. :thumbsup

If he had bought 3 months earlier he could have got the same deal for $8k.
Doesn't matter long term though. If he has the money to invest it will beat stocks, shares and banks.

It was definitely a little wild the last couple of days. I feel like the bulls are going to start stampeding soon.

Some friends of mine also bought bitcoins few years ago. If it goes on growing, they ll become my best friends (kidding)

never buy when going up., i am saving some cash so i can buy in next dip.
but looks like he made profit already.
i wonder if it will go down to 3k .

The ppl who claim theyd buy at 3k are the same pussies that didnt buy at 3k
They dont deserve financial gain

c'mon man, i am not bigshot like you guys.,

i dont have that much cash.

Imagine if we go from 11k to 3k right now, the sentiment would be down, those who dont know what bitcoin is or can do will not be interested
Everyone gets interested at high prices, so stupid imo
Taking risk at the low prices is what creates deserving millionaires

:winkwink: spot on

i would still buy at any price even at 15k if i think price will move up .

hoping the bitcoin crash to start buying is wrong concept , and the chart will never be same .

bumping non-political threads to the front page

Apart from technical analysis, what factors can you actually use to value it? There seem very few to me.

Well for one, every major corp is building their own crypto currency to follow/copy Bitcoin, which to me seems pretty bullish :thumbsup

The return is only around x4 at that point. Might as well hit the blackjack table