Bitcoin Forum

The public bank of china or whatever they call it, has already made their statement about how they want to make bitcoin more stable and less prone to scams in the exchanges (which ironically triggers a panic sell). Now the have used this to trigger this crash, after this is done and exchanges become officially regulated, the panic selling should be over and the price will continue climbing. Looks like we may be finding a bottom soon. It may be 790 or may be not tho. So gamble on.......

You may be right, high 700's might have been the bottom, of course, only way to find out is to wait and see what happens. As china officially regulates bitcoin, all the doubts surrounding exchanges working fake volumen doing fractional reserve, inventing margin positions etc should be cleaned out of the way, so this is positive in the long term. Just buy all the dips, we will be at 1000 sooner than most people can think of.

Read about how the Chinese have thwarted a huge pyramid scheme yesterday and it was to be said in the billions of dollars. So this is the reason they have policed the exchanges now? Because now they are aware that their own exchanges are "prone" to scams?
So this regulation made all the shady people who were part of these scams pull all their money out or the Chinese authorities just confiscate the millions that were in these exchanges then causing this whirlwind of decreasing the bitcoin price?

Sub $800 and i think it's a good opportunity to buy

Once it does go below $800, you will be longing for $700 to buy.  :P
Unless the PBOC takes further action against bitcoin / bitcoin exchanges, its price will begin the slow grind upwards.

If that is the case then good. We don't need a fake price floor just to be considered that bitcoin price is really high. The moment bitcoin breached the $1000 price, many people expects that it will go straight to $2,000 above thinking strong foundation has already built around the said price which is really not.

But for me, don't sell for panic profits. Just do holding even the price will decrease more. Eye for a long term one and not for a quick profits.

Yes, It's time to buy.

I'm buying more bitcoins with my own bitcoins using futures training.

Ex. in bitmex you may buy now at $780 (settlement 03/30/17). Cheaper than spot (now $805).
 

If you really want to buy yourself some coins, then do it with like 10-20% of the money that you have for investment purposes. It will allow you to buy even more if the price happens to go down more. People were asking whether or not it was a good moment to buy at the time the price dropped slightly below the $1000 level after the +$1130 peak. If you compare that to the situation where we are sitting in right now, then better buy yourself some coins as we speak. I don't rule out that the price will go down even further, but fact is that the price is oversold right now.

I don't think that the chinese government is going to find anything juicy when inspecting the exchanges. Sure, the chinese are prone to creating huge scams and they want to get as much money as possible at all means, but they are not stupid, they know that the day of regulations would come, this is not 2013 again, they know the precedent now, so any of the big exchanges wouldn't risk getting everyone in jail over this. Im sure there is not an huge volume scam going on, maybe some of it is fake, but the main china exchanges should be legit. If they aren't well, I hope we'll see further dips, but better now than later.

This is not the price i want to buy my bitcoins. 780$ is still a high price ,i will be waiting for the comeback at 500$ to buy btc  but ita not gonna happen this year cause bitcoin is heading towards north.

"Only way to find out is wait and see what happens". This is the best thing that we can do actually,nothing else. No need to elaborate any of the speculation of anyone here.Though all of us believe that bitcoin will increase more than 1000$, and this is for a long term not  for short term only.

The ~$700 levels was probably the lowest. Buying now seems extra risky to me.

50/50 chance that price drops back to $750 or goes up to $1000 again.
Investing right now is like flipping a coin. Anyone feel like gambling?

Well this looks like an accurate prediction to what looks like to be the continuous rise of bitcoins. It seems that bitcoins did not go down pass the $750 levels and just climbed up steadily after that downfall.

It is exactly as I expected, Trump's inauguration wasn't enough to motivate bitcoin market to grow. As usual, political events not directly linked to bitcoin are pure placebo.

Keep in mind that Chinese New year is starting in a week - this is the time for Chinese people to celebrate, we might see some occasional BTC dump as some of them might liquidate short positions.

I think it will be the best time to buy.

This about Chinese year could be the factor that will influence the price. But I don't expect some major or long term dump, just a small and short correction.
And by now I think that is absolutley clear to everyone that Trump doesn't influence Bitcoin price in any way which is actualy a good thing.

It's all just whale play that dictates the market. People are easy to manipulate into thinking something as it doesn't cost Chinese whales much effort to cause a short lasting peak at a certain day when something political is about to happen. And some times it's purely coincidence that the price has gone up while in that same day something happened that only applies to the economy outside Bitcoin. But as always, people are looking to connect one with the other even though there is no evidence. It's a case of people having too much time I guess.

It seems that the horizontal uptrend has begun without feeling too much again. Very similar to the trend just before the beginning of the year. After the split was realized, the price recovered together with the volume. Let's see where this stop comes from. It could be the 2017 bitcoin year.

If you want to go long it's always a good time to buy. If you watch the average price of bitcoin in the recent months you'll notice that growing steadily and surely. If you have some spare cash lying on your bank account buy coins. It's more risky than leaving it in the bank, but I'm fairly certain Bitcoin will test $1000 in the next 12 months.

Buying at this stage is bit risky as price is too high at a moment and if I buy now at current price and price drops in coming days then may be need to wait for a long time to make profits, so instead I will prefer to keep buying on hold and will for the price drops in coming time and buying something around $850 would be a great move.

No I am sure that we need w8 some time. Price will fall down. Price higher 700$ to buy is risky.

I would wait on buying right now. I think we will see the price drop again and I plan to buy then.

I think it will take a major shocking event to pull Bitcoin Price lower than $700.  I am not saying that it is impossible but we all know with Bitcoin any price change is possible but with the look of the current price, it just gone up to $900+ today, it is not touching sub $700 soon. 

This time its really hard to predict the movement of the price since more investors and more company are supporting the price of bitcoin and we are just losing opportunity every time the price are increasing.. so right now we are seen that the price was hit 900 level so i think the price could be more increase until $948 and soon will decrease only 55% chance that it will hit that amount..So for now buy some and if the price was decrease you can buy more bitcoins if not you need to wait since you already have few bitcoins.. you can hold it and wait for the price increased.

Well I somehow disagree with your price fall of 55% but I guess we are in the same opinion of buying right now and when it falls buy more.
The reason why I disagree on the 55% chance of falling is that, Bitcoin is being bullish now and the first crash of the year does not reach that percentage so i guess the next fall will be around 5%-25% .

Yes, these days the bitcoin price is behaving very erratic and volatile, without a clear direction. I don't remember a similar behavior these last years, when raising or dropping 10% or more every single day is an ordinary thing. For traders this seems a great deal, but not for most of us who think a stable and less volatile price could help to enhance a massive adoption.

The direction has been steadily going up. We had one healthy correction a couple weeks ago and now we're back on the steady climb. The next healthy correction will come after a new ath.

there will surely be another correction soon, as there is always a correction after a rise since investors cash out to make profit and get ready for the next round.
but don't expect any major drop at all. because this rise is different so far. the normal correction at this point would be down to $900 and at worse case scenario is back to $880ish and jump back up to $920

Right now, I think it is not a wise decision to buy bitcoin at its current price since any price above 700$ is too risky. There is a probability that it will fall below 700$ before rise so its better to wait but if you are in for long term, it is a good time to buy now but if your in for short term, its not wise to buy now. You can just buy a little now and wait for an opportunity to buy more again at low price.

This is a great price point to buy. $900 is the new low as far as I'm concerned. Soon it will be the last moment that Btc is under $1,000.

You must be right. I am also speculating this must be the last chances to buy bitcoins below $1000 prices. By next week we can expect bitcoin prices to go beyond $1100+ levels as Trump supports power to people. As per the political and economical situations of world, we can conclude this is the right time to buy bitcoins to get it cheaper compared to near future.

the best time to buy bitcoin? i think wait for it to reach 600$ then buy as many as you can then sell it on the end of the year of 2017 i know it would be a lot of money just like 2016 ends it officially hit $1100 - $1200 per bitcoin so that would be a great opportunity for us. and speaking of buying bitcoins where do you buy bitcoins? in a trader or you're gonna exchange it to a bitcoin wallet system ?

This is probably true, rather than being the result of a quick pump, the price has risen more steadily this time. I think the people who wanted to sell at that price range have already done it, and apparently the price has gained enough support lately. There are many signs that indicate that, in fact, this may be a great year for Bitcoin.

Since bitcoin is the future from our (bitcointalk users) point of view, it's always a good time to buy.
Since in the long run the price should only get higher and higher.
You may wait for it to drop to 600$ and have 20% more, but it's nothing compared to 100s% in a couple of years or so.
This is my opinion, and i think if you're a real bitcoin lover you probably think the same.

Price is too high to buy now in my opinion, wait for it to drop to $880 usd

Just buy the same amount every week over the long run...

Same amount in BTC or in USD? There is a world of difference between the two.
I do agree that averaging out your purchase price works, if your objective is to accumulate for the long run.

if you feel like buying bitcoin, then buy. any time is the right time to buy bitcoin. bitcoin is not something to be used only for storage. so many things you can do with bitcoin. so, do not hesitate to buy a bitcoin, whatever have you planned.  ;)

I don't thin it is the time to buy right now as the prices are quite high already and that would mean that you wouldn't profit that much when it does go up. I don't think it would go up that much anymore anyway. The best time was around a week ago when the prices are at $750.

bitcoin is on the rise again, and yeah the dips are always the best time to buy bitcoin but if you look at the time of fist post it was a round the time when dip happened and he should have bought then.

but again, you can't always wait for a dip, specially a big dip to buy bitcoin. the opportunities pass so fast by you that you will miss out if you adopt this strategy.

Buying bitcoin right now is not smart move. $900+ a piece is huge amount. You could loss your money when it drops. Usually $900 - $1000+ is the price people actually like to dump their btc. So buying right now is not suggested. Profit is not good if you buy at this price. You should buy some when the price is low.

Right now I think is not a good time to buy as you said OP, "The public bank of china, has already made their statement about how they want to make bitcoin more stable and less prone to scams in the exchanges." Because of china bank making bitcoin more stable, we will soon find the new bottom of bitcoin I think since they are just gonna work to make the price stable not to pump it so its not wise to buy now.

If ones plan is to make a regular earning with the buying and selling process continuously without any interruption then even $900 is a good price which seems an affordable price tag.