1BTC = $600USD, now a good time to buy?

[brendongl]

Seems like the price of btc has taken abit of a dip in the last week, any experts on trading here have a analysis on the near future for the price?
I'm thinking about making a small investment of 2btc to sell quickly when the price goes back up.

But im no expert on trading, and there is so much knowledge and information available i don't know where to start looking.
It looks quite safe to buy now and the price will rise before the end of the year?

[twicezeroiszero]

I truly think that bitcoin will drop this week to around $500 in price as its been around $600 for a long time.

[brendongl]

I truly think that bitcoin will drop this week to around $500 in price as its been around $600 for a long time.

What is the reason though? You believe that just because the price has been around $600 for a long time, that it means it will drop to $500?

[twicezeroiszero]

I truly think that bitcoin will drop this week to around $500 in price as its been around $600 for a long time.

What is the reason though? You believe that just because the price has been around $600 for a long time, that it means it will drop to $500?

Yes thats the feeling I have since trading for a few years now with altcoins.

[Kakmakr]

I truly think that bitcoin will drop this week to around $500 in price as its been around $600 for a long time.

Sorry to say this, but this is Bullshit. If you want to make statements like this, at least substantiate your claims with some evidence or a reason why this will happen. The truth is, nobody can predict with 100% accuracy what will happen with the price, because there are too many factors to take into consideration.

If you know in advance, what mayor event will be happening in the next weeks that will push the price up or down, you can make predictions like this. For example : Being a hacker, and knowing that you are going to hack a big exchange and that people will lose a lot of money. This scandal will cause a decrease in the use of Bitcoin and a drop in the price.

So let's refrain from making claims, we are not willing or able to back with proof. ^hmmmmmm^

[NorrisK]

I truly think that bitcoin will drop this week to around $500 in price as its been around $600 for a long time.

The charts are still showing a good uptrend so 500 is very unlikely unless a major event hits which causes an end to the uptrend.

Using your reasoning I could just as well say that I truly think that bitcoin will rise this week to around $700 in price as its been around $600 for a long time.

[~Bitcoin~]

I truly think that bitcoin will drop this week to around $500 in price as its been around $600 for a long time.

What is the reason though? You believe that just because the price has been around $600 for a long time, that it means it will drop to $500?

Yes thats the feeling I have since trading for a few years now with altcoins.

Seems like you love altcoin and may be bagholding few alts so you want them to go green which will be if bitcoin price get dumped.  But i don't think there is any reason for traders to dump hard being panic right now.

[GermanFoobla]

I dont think you should buy the bitcoins right now you need to earn them or maybe some people want not everything for the bitcoin maybe you can buy them from that people i dont think 600 is best price to buy!

[martinacar]

Seems like the price of btc has taken abit of a dip in the last week, any experts on trading here have a analysis on the near future for the price?
I'm thinking about making a small investment of 2btc to sell quickly when the price goes back up.

But im no expert on trading, and there is so much knowledge and information available i don't know where to start looking.
It looks quite safe to buy now and the price will rise before the end of the year?

I also think that now is a good time to buy some Bitcoin for because I believe that the price is not going to be any much lower then it is at the moment.
Buy fast if you or not sure on what to do because the price is only going to get higher in the future.

[CoinCidental]

buy it now becuse the jump to 800+ will probably come fasteer than you can blink imo
unless your the kind of person that wants to watch charts 24/7 there is no better investment that btc
and its going to get very scarce now that its taking off in high population places like india etc

[Vinz24]

I truly think that bitcoin will drop this week to around $500 in price as its been around $600 for a long time.

What is the reason though? You believe that just because the price has been around $600 for a long time, that it means it will drop to $500?

Yes thats the feeling I have since trading for a few years now with altcoins.

Seems like you love altcoin and may be bagholding few alts so you want them to go green which will be if bitcoin price get dumped.  But i don't think there is any reason for traders to dump hard being panic right now.

I dont think the price of bitcoin will go down just because the price is at 600 for some time now. If bad happens like hacking, then the price will go down because of panicking.

[Barcode_]

Maybe the price of Bitcoin will drop a bit more, but $600 usd is a good price to buy.

[Slark]

Maybe the price of Bitcoin will drop a bit more, but $600 usd is a good price to buy.

I certainly doubt it $600 is still lower that anyone expected it to be after halving happened, all because bitcoin advancing was stopped by Bitfinex hack.
I see the price charts now and it is possible that uptrend could still carry on, maybe we will see slight drop, and then I expect sharp upward movement.

I guess current drop was caused by financial forecast which predict that USD will stand strong and announcement regarding bitcoin from Bank of Japan.

[randy8777]

Maybe the price of Bitcoin will drop a bit more, but $600 usd is a good price to buy.

I certainly doubt it $600 is still lower that anyone expected it to be after halving happened, all because bitcoin advancing was stopped by Bitfinex hack.
I see the price charts now and it is possible that uptrend could still carry on, maybe we will see slight drop, and then I expect sharp upward movement.

I guess current drop was caused by financial forecast which predict that USD will stand strong and announcement regarding bitcoin from Bank of Japan.

even without the hack of bitfinex the price was due for a correction as the market is completely disoriented after the block halving. there is literally zero indication of in what direction the price will go in the coming months. and with no direction or a happening that traders can focus on, it either will result in more stability, or the price going down further.

[thejaytiesto]

Sub 600 dollars now. It's a good time to start buying, we don't know how low it will go. I think it's because a bunch of idiots are buying on the Ethereum hype again to make some BTC out of the pump, once the ETH hype is dead again BTC will go to 600 territory and keep climbing.

[Red-Apple]

Seems like the price of btc has taken abit of a dip in the last week, any experts on trading here have a analysis on the near future for the price?

in the long term price is going to rise, and that is all i can predict for you based on the analysis that i have of the market plus what the history has shown so far.

I'm thinking about making a small investment of 2btc to sell quickly when the price goes back up. But im no expert on trading, and there is so much knowledge and information available i don't know where to start looking.

because of the bold part i say don't do it.
either invest for long term or don't do it at all

let me predict your future:
you invest $1200 with 0 knowledge then with the first stable price you become desperate and when another possible dip even small one happens you will start panicking and when you see the first FUD you will dump and lose money then price jumps back up, you panic again trying to make your losses back so you buy back at a higher price but price goes down after you buy so you panic some more and sell it again for another loss.

It looks quite safe to buy now and the price will rise before the end of the year?

as i said buy for long term so it is safer to assume price will rise in that time frame.

I truly think that bitcoin will drop this week to around $500 in price as its been around $600 for a long time.

bull crap
the hack which was the biggest event so far could only push the price down to $500 area for a couple of hours and price jumped back up $50+
now there is nothing that can have the same effect on the horizons. and unless you have a magic ball to see the future, this is not going to happen.

[hasiramasenju]

currently slightly down at $600 below but i wish won't see panic selling today or tomorrow however if you dare buying bitcoin with the current price seems this is good moment but i won't guarantee the price will reach to $600 with pretty fast tomorrow

[Ayers]

I truly think that bitcoin will drop this week to around $500 in price as its been around $600 for a long time.

i think the opposite it will rise above 600 but not so fast perhaps by the end of this year it will happen, $700 is not to far away after all

[brendongl]

Seems like the price of btc has taken abit of a dip in the last week, any experts on trading here have a analysis on the near future for the price?

in the long term price is going to rise, and that is all i can predict for you based on the analysis that i have of the market plus what the history has shown so far.

I'm thinking about making a small investment of 2btc to sell quickly when the price goes back up. But im no expert on trading, and there is so much knowledge and information available i don't know where to start looking.

because of the bold part i say don't do it.
either invest for long term or don't do it at all

let me predict your future:
you invest $1200 with 0 knowledge then with the first stable price you become desperate and when another possible dip even small one happens you will start panicking and when you see the first FUD you will dump and lose money then price jumps back up, you panic again trying to make your losses back so you buy back at a higher price but price goes down after you buy so you panic some more and sell it again for another loss.

It looks quite safe to buy now and the price will rise before the end of the year?

as i said buy for long term so it is safer to assume price will rise in that time frame.

I truly think that bitcoin will drop this week to around $500 in price as its been around $600 for a long time.

bull crap
the hack which was the biggest event so far could only push the price down to $500 area for a couple of hours and price jumped back up $50+
now there is nothing that can have the same effect on the horizons. and unless you have a magic ball to see the future, this is not going to happen.

When you say long-term, how long are we talking about?
I dont mind holding onto the bitocoin for like....3-4 months. I'm not looking to become a day-trader, but id expect to be able to buy/sell every 3/4 months and make a tidy profit.

My aim right now is to buy at $550, then sell at $750-800, it depends if i need the money at the time.
25% ROI over 3-4month period seems pretty good for me. If it takes a year, id be abit more annoyed but am willing to wait that long, and im not the sort of person who will 'panic', I know the price will go up again because i am a belive in the technology behind it, unless something drastic happens. (lets say, a worldwide black out for months), then id be worried. (because it would be worthless and i wouldnt even be able to do anything with it haha)

[ronaldo40]

I think it's better to be patient waiting for the price fell around $550 or below it. because I see the price is on a downward trend.

but for me the amount 2 BTC is better to do short-term trading, you could try to trade altcoin. I know you are not expert. but you can learn, because I was also the first time to trade is not an expert. but over time you will understand and be able to get a lot of advantages there