Is it a good time?

[Kakmakr]

I would not hesitate in saying that I think this downward spiral has come to an end for now. The price will go back to $800 or more soon, but things in China are still on the knife edge, because we do not know what the Chinese government will pull out of the exchange bag. If they mess with these exchanges too much the price will drop more, but if they only had a routine visit to scare them, we might see the price go up to $1000 or more.

This just shows you how much influence China has on the price. They have said lately that if China cough, the rest of the world gets the flue and this seems to be accurate when it comes to Bitcoin. A lot of the bitcoins are mined there, so it is the origin of most of our coins in circulation. I think things will go back to normal soon, and our new normal, will be a price above $900 per bitcoin. ^smile^

[sunsilk]

Since the price is still somehow not too high, is it a good time to buy BTC or should I wait a little bit more? Does any one have any Ideas?

If you have enough money in your pocket or a lot of excess you do have, go ahead buy now. But if you are still waiting for some more for low price.

Then go ahead, but I guess the price now is kinda enough to buy its just fighting between $780-$800 and soon the price will increase.

If you think that the price will ever get lower from $400-$200, that price is still far to happen.

[hase0278]

No one can really say if it is a good time now or not. Bitcoin's price is unpredictable, the price it have right now might be the lowest we will see this 2017 but it might also be one of the high prices that we have seen in 2017 that will be another target price again for the future holders that will buy bitcoin. Just buy now if you want too but if you don't want then don't buy now.

[Blind Legs Parker]

Lots of blood on Bitcoin Street right now, if it can help you make a decision.

[1Referee]

No one can really say if it is a good time now or not. Bitcoin's price is unpredictable, the price it have right now might be the lowest we will see this 2017 but it might also be one of the high prices that we have seen in 2017 that will be another target price again for the future holders that will buy bitcoin. Just buy now if you want too but if you don't want then don't buy now.

The price has been unpredictable since the very beginning. But I have to agree that right now the market doesn't show any signs of going into a certain direction. If you buy right now, then it has to be for the mid/long term in the way that you end up selling at a minimum of $1000 per coin. If you look to make a short term investment, then it's a pure gamble. People should know and understand what risk they expose themselves to.

Lots of blood on Bitcoin Street right now, if it can help you make a decision.

Smart people buy when the streets are filled with blood, while noobs buy when the price is peaking out. I have been wondering if that would ever change, but no, these people keep making the same mistakes. But then again, smart traders need to have people buying up their expensive coins. Otherwise the market would be boring.

[maku]

There is also a possibility (rather high, I am afraid) that we will see downward trend leading us to $500 again.
It all depends on how Chinese government will take care of forcing exchange to introduce harsh KYC regulations.
Tougher restrictions will be a reason investors could liquidate their long positions in the coming months.

[novemberwoah]

Better to wait bitcoin at the lower price, now bitcoin still have a high price so it is better to wait for prices to go down some more. But if now you want to buy is not a problem due to bitcoin prices at the end of 2017 will be higher than this, even predicted could reach $ 2,000. If I do buy if the price drops a few more, maybe in the range of $ 700 or $ 710.

[maku]

Better to wait bitcoin at the lower price, now bitcoin still have a high price so it is better to wait for prices to go down some more. But if now you want to buy is not a problem due to bitcoin prices at the end of 2017 will be higher than this, even predicted could reach $ 2,000. If I do buy if the price drops a few more, maybe in the range of $ 700 or $ 710.

There were predictions that bitcoin will reach $2000. IIRC Kim DotCom called it out as he was promoting his new Megaupload 2.0/Bitcache service.
But we can't deny that price of bitcoin is mainly shaped by China, and in our current situation of Chinese trying to curb bitcoin trading, it will be hard to stay positive about $2000 in near future.

[Thaliron]

There is also a possibility (rather high, I am afraid) that we will see downward trend leading us to $500 again.
It all depends on how Chinese government will take care of forcing exchange to introduce harsh KYC regulations.
Tougher restrictions will be a reason investors could liquidate their long positions in the coming months.

Indeed it really matters what is gonna happen over there, I hope they will not change a lot to be honest.
Buying right now is in my eyes not a good option.

[Vuizel]

Nope, buying right now is not good at all, I think its just not good at all, you can better just keep on waiting.

[ethereumhunter]

Nope, buying right now is not good at all, I think its just not good at all, you can better just keep on waiting.

i think we should wait for a moment if we want to buy because i see that the trend is still down and it could make the price is still going to down but i am not sure about the price because for now, the price is around in $796 but there is a difference in the price if you want to trying to play ping pong.

[talkbitcoin]

whenever there is price drop there are only two scenarios:

1) things become volatile and continue to be that way, and it can even go lower. so buying is not suggested in this case

2) you see a bottom and a very excellent price to buy at, a price that wouldn't be possible without that drop. so buying is highly recommended in this case.

the scenario #2 is always followed by #1 and you should know that going down doesn't last forever because we are talking about bitcoin not a failed altcoin here.

[burner2014]

There is always a good time for everything even in buying bitcoin.  If you have the guts and the money on hand to start why not. Don't ever miss any opportunity and invest now while you still have time and while the price is still affordable. Always think the phrase "now or never"  so you won't regret any in your life.

[Rooster101]

As of now, bitcoin seem to be regaining some strength from its losses but no one know how long this acceleration will continue. If some signs show that it will resume the upward movement, maybe it is the best time to buy bitcoin before it go up to a new level.

[Golftech]

buy now if u plan to hold more than a year... The price is pretty low imo... imagine those people who bought above $900....

yes if you are planning to hold for longer term this price is acceptable but if you are planning to do some shorting i suggest to place your entry to little deeper as fluctuation keeps moving ups and down its hard to tell what will be the barrier its just a matter of your assessment and be very attentive with all the things that affecting the movement mate you are already here so better to use this forum as your reference and advantage.

[diegz]

There is no perfect timing in buying bitcoin, the best thing to do is to buy each time you see a dip in price and if you see it plunge, go, dive and buy more. I think last day is the good time to buy, I hope you buy already. But if not then you could still buy today and I've read in some comments in some threads that this is not yet the bottom, whether it's true or not, prepare for that one, who knows, if it happens then you are the luckiest guy if you take advantage of it.

[X-ray]

As of now, bitcoin seem to be regaining some strength from its losses but no one know how long this acceleration will continue. If some signs show that it will resume the upward movement, maybe it is the best time to buy bitcoin before it go up to a new level.

bitcoin is now seeking for its stable point and will gaining some strength after having so many losses of its rate ofcourse, i think the price will be stable after few weeks and it will still remain there for a long time just like what happen after price rally in the past statistics, bitcoin is really predictable based on what have happened to bitcoin in few years back

[BitcoinBarrel]

If Bitcoin reaches $10,000 one day, then it's always the time to buy.

Oh sure like it was really that simple. Can you imagine how hard it would be for the newbies to buy at $1000 and see their "investment" go down in value? It will affect their lives. Imagine the husband who decided to invest their savings and all their earnings in Bitcoin and made a terrible mistake of buying at the high. What would the wife say?

You are a legendary in this forum please act responsible and do not give bad investment advice.

For OP's question it would be good to wait a little more because this might not be the end of the fall.

How is that bad investment advice?

You shouldn't be investing $1k into Bitcoin, unless you believe in the potential to reach $10,000. Also, if you trade $1000 for 1 BTC, it doesn't matter how much the Bitcoin is "worth" because you already traded the $1000 for it. You still have your Bitcoin whether the price goes up or down. If you are simply trying to "make a quick buck" by buying low and selling high then Bitcoin may not be for you.

[cryptoanalyzer]

many people thinking that now is the good time to buy bitcoin including me but before you buy, its better you make your own analyze so after you decide to buy and if somehow the price is getting down from the price you bought, you don't need to blame someone tips because in trading, you need to make your own decision because its all your money and not other person money. so do it with wise before you make a buy.

I will. Thank you for enlightening me

[Ducksun]

Buying it right now to buy or even sell is not smart, I would wait on a lower price because I'm pretty sure it will lower a bit more soon.