Bitcoin deep to $1070 best time to buy.

[Idrisu]

The price of bitcoin fell back to $1,070! I think now is the best time to buy bitcoin. Though it may fell further to this $1,050. The people bank of china released the draft of guidelines to bitcoin exchangers and I think that is the reason price is reacting. May the God of bitcoin be with us.

[york780]

Meh, i want cheaper coins.

[Ted E. Bare]

This is an excellent buying opportunity, obviously.

There is no fork planned. Do your research.
This was a very manipulated correction.

[1Referee]

China is no longer a significant matter when it comes to the price. At this point it's BU that is putting a heavy load of pressure on the price. Other than that, if you already have some coins that you are satisfied with, then just wait on the side lines to see where the price will settle in the coming days. If you have no coins at all, or cashed out the majority at +$1200 levels, then you can buy back some. Just make sure you have fiat ready to be used in case the price happens to tank further.

[equator]

The price of bitcoin fell back to $1,070! I think now is the best time to buy bitcoin. Though it may fell further to this $1,050. The people bank of china released the draft of guidelines to bitcoin exchangers and I think that is the reason price is reacting. May the God of bitcoin be with us.

This is not due to PboC it is due to Bitcoin Hardfork which is going to happen and this is the reaction for that  but china is getting benefit as they are in short position so now they can come out of their position due to price going down.

[Iranus]

China is no longer a significant matter when it comes to the price. At this point it's BU that is putting a heavy load of pressure on the price. Other than that, if you already have some coins that you are satisfied with, then just wait on the side lines to see where the price will settle in the coming days. If you have no coins at all, or cashed out the majority at +$1200 levels, then you can buy back some. Just make sure you have fiat ready to be used in case the price happens to tank further.

Yeah, if the threat of a hard fork becomes more prominent it might result in a further fall in price, especially if it actually happens and your coins are split into two new forms.  It might be an ideal time to buy right before the hard fork if you think you're quick enough to sell the coin that you believe will be less popular right after the hard fork happens.

[mikenz]

If you watch what happened to ETH when they had their hardfork on the peak of the hype due to the DAO disaster and splitted into ETH and ETC, the lost a big share of hash power and it depressed the price for more than half a year. The price went down from 0.028 to 0.008 and its just catching up now.

[electronicash]

not actually the best time to buy now that there are coins almost reaching their way up. you'd rather be investing to these coins particularly Dash. with just hundred you can already have one when you need a thousand and more to only have 1 btc.

[Ayiranorea]

The price touched $1050, so people who have been waiting long to make big number of bitcoin on price fall could have made some buying. I think there will be price increase as the price has moved forward from $1050 to $1070 in a short time interval.

[jtalk]

There is no doubt that price will bounce back sooner. I don't know why but whenever price are stable there is always some news which suppress the price downwards of 200-250 $ range and then market recovers. I think this is new way of making profit and without anything contrarily yes this opportunity to get some nice profit in coming days.

[zedicus]

The price touched $1050, so people who have been waiting long to make big number of bitcoin on price fall could have made some buying. I think there will be price increase as the price has moved forward from $1050 to $1070 in a short time interval.

As what I am seeing by the price right now, the safe price to buy is $1450 since I am basing on a $1000 buy or sell wall. For me that is the safest amount to bid. And in terms of selling, again the $1000 wall. The price that is safest to bid in the sell options is $1189.

Though reaching your bid/ask will take some time (usually takes a day before cycling). I can assure that would generate some profit and assurance in your invested money.

[giveen]

What you actually serious i thought this price drop was just normal maybe because of high price but again china is behind this. I just hope china gets a life and let us earn or make even more profit with bitcoin plus i agree that 1070$ is actually a really good price.

[zby]

This is an excellent buying opportunity, obviously.

There is no fork planned. Do your research.
This was a very manipulated correction.

Manipulation is always when market moves against a trader. It moves up - traders scream manipulation, it moves down - traders scream manipulation, it moves down but not enough - traders scream manipulation.

[davis196]

The price of bitcoin fell back to $1,070! I think now is the best time to buy bitcoin. Though it may fell further to this $1,050. The people bank of china released the draft of guidelines to bitcoin exchangers and I think that is the reason price is reacting. May the God of bitcoin be with us.

It might be the best time to buy,but it`s very difficult for me to sell my bitcoins.
All the localbitcoins buyers just wait and don`t respond to my trade requests.
I guess that they are waiting for even further price decrease and that`s why they don`t want to buy.

[springgers]

The price touched $1050, so people who have been waiting long to make big number of bitcoin on price fall could have made some buying. I think there will be price increase as the price has moved forward from $1050 to $1070 in a short time interval.

Dam was asleep over an hour ago so missed on getting some.
Bought when it was $1094 but that was the lowest I got them for just 9 hours ago cause my exchange rate for bitcoin is tied to the bitstamp price.
And that rarely is lower than any other exchange's rate.

[talkbitcoin]

This is an excellent buying opportunity, obviously.

There is no fork planned. Do your research.
This was a very manipulated correction.

Manipulation is always when market moves against a trader. It moves up - traders scream manipulation, it moves down - traders scream manipulation, it moves down but not enough - traders scream manipulation.

you only think that because you are not looking deep enough into what people say. obviously some people are full of it no matter what they say. but mostly when people say manipulation there is a reason behind it.
example:
- when ETF rejected and price dropped, it was obviously manipulation. use your brain. why should it drop? was ETF necessary for bitcoin? was ETF a fundamental thing for bitcoin?
- when price dropped in the past 2 days what was the reason? was there really a fork? did bitcoin split? did BU have enough hash power to even be remotely close to a fork? does even fork mean split?

the answer to all above answers with a little bit of brain power is NO which leaves us with only other explanation: manipulation

this is true about price rise also. when price goes from x to x +20%x in 1-2 days it is a pump. when price increases 130% in 5 minutes (check altcoins) it is obviously manipulation.

[SONG GEET]

The price of bitcoin fell back to $1,070! I think now is the best time to buy bitcoin. Though it may fell further to this $1,050. The people bank of china released the draft of guidelines to bitcoin exchangers and I think that is the reason price is reacting. May the God of bitcoin be with us.

Price may bounce back again and yes current price range is really good entry point. Panic that was created due to growing support for bitcoin unlimited shouldn't be issue now, because BTU will be behaved just as another altcoin.

[jtipt]

Meh, i want cheaper coins.

How much cheaper do you expect BTC to drop. I don't think BTC will drop below $1000 now, you want cheaper coins them maybe buy some ETH or XMR they are also doing pretty good since last few days.

[york780]

You are right. We are recovering around 1070 EUR right now. Then a new down wave will start because of activation Segwit/fork/BU.
Dont miss this recovery chance man!

[lumeire]

I'm gonna stock-up again if the price touches sub-$1000, because who knows how deep will this go. Gonna try my luck  .