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Provo P.O.V from Ian Provo on Vimeo.
If you want to capture stuff you and your friends do with good quality -> GoPro
If you want to get into real videography -> a real camera.
Remember, the GoPro is first and foremost a helmetcam, meant to supplement other footage. You can't zoom, adjust the colors or lighting, or easily attach lenses. Keep that in mind my friend.
Best of luck.