My friend just did an all-in ($5.000) in btc because he saw threads

his reasoning is bad, but his play might not be.
after all, btc has been boosted mainly because the chinese are turning to it for liquidity, while their actual yuan withdrawals have been restricted by the PBOC. Think about it: if you had gotten into btc this time last year, (http://oneyearbitcoin.info/) you would have already doubled your money. Now the btc block reward will be halved in September, driving the price up further. Don't shrug off btc just to be contrarian.

>>1423696
He'll be buying that Yacht in Spain before you

>>1423696
People can be unbelievably stupid mate. Like all of the kids that own thousands of dollars worth of btc and are all happy without realizing that they are going to have to pay taxes on their profits once they cash out.

>>1423696
It would be less depressing if the vast majority of people weren't making their investment decisions the same way as your friend.

>>1423714
>Think about it: if you had gotten into btc this time last year, (http://oneyearbitcoin.info/) you would have already doubled your money

Yeah if you bought at that time then held it and didn't sell it through ups and downs

If i bought that big penny stock yesterday that went up 120% today I would've doubled my money in one day too.