Well, I had thought of trading with bitcoins. Now will not be a good time to buy bitcoins for trading, it might fall and bring some loss.
I think I will wait a while till the price stablizes before venturing into it.
Right now is indeed not the best time to enter the market with the price being this high. But you never know what will happen in the coming days. Maybe the current price of $692 will look somewhat cheap when the price sky rockets to $800-$900 in the next few days. The market can go into any direction at this point.