We are still in year 1 of this cycle.  Halving date was April 20? 

Edit: miners will not be immune from a 4 year cycle.  



I think the four year cycles are becoming less dramatic, but the entire global economy seems to have four year cycles, so they probably aren't going away.

Undisciplined

Kind of my thoughts too. I think my frustration is that I subconsciously hope the four year cycles will disappear, and they probably won't. I have to remember that bear markets are when you really get to fill your bags anyway. 

siggy47

bitcoin

Best Arguments Against This Guy?

Tigers don't change their stripes. Your friend sounds like someone who enjoys the trading game and is pretty good at it. 

Ultimately, his eyes are on the prize and there's nothing about bitcoin that says it must be your only investment vehicle. If he bets on himself and wins, then more bitcoin for him. If he loses, then more for us.