Time to buy?

[thejaytiesto]

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.......

[1714183485]

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[cellard]

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.

[Arcteryx]

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.......

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?

[MiladMax]

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

[panju1]

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. 
Unless the PBOC takes further action against bitcoin / bitcoin exchanges, its price will begin the slow grind upwards.

[chaser15]

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.......

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.

[contenidosonline]

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).
 

[1Referee]

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.

[cellard]

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.......

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.

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.

[pealr12]

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).
 

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.

[bravehearth0319]

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.

"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.

[lumeire]

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

[Shiroslullaby]

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?

[Factmine]

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.

[Slark]

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.

[bitbunnny]

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.

[richardsNY]

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.

[Suporthe]

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.

[darkangel11]

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

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.

[czvezda]

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.