Topic: Bitcoin down to $570 (Read 3573 times)

after the price is $ 700 and then decreased gradually, until now was at $569, so I think this is a good time to buy. I also have to say, if you are patient you can get cheaper and it is possible it will reach $500.

Totally agree, because the price of the bitcoin will not provide something that is detrimental. bitcoin price drop like this is now just a game system and it could be my prediction that the price increase will inevitably happen in the future. Before that time occurs, I will be looking for a way to get extra bitcoin more, so when the price of the bitcoin ride I can benefit many times fold

yeah, it was just a small come back to lower prices but no one should worry as right now the price is going to grow a lot and it will make a lot of people rich

If the old generation can use the smart phone, then they should be able to use the bitcoin. The main problem of the bitcoin is that the infrastrucutre is  not built yet.

BTC is at a superb buying price. Period. And even if it goes $10-20 lower, who gives a rip? People who say wait to buy are short-term thinkers. If you believe in BTC's proposition, then someday when 1 BTC is ~ $2-5K p/ coin (or much, much more), you won't care about the measly $10 or $20 you spent on the purchase of a coin. You only care right now if you're acting like a trader / speculator. I'd say do a gut check and ask yourself, "Do I believe this will succeed?" I do. Just like email replaced snail mail, just like Uber is disrupting the taxi industry, Airbnb the hospitality industry, etc, etc, etc, decentralized digital money will upend the banking industry as we know it. There will be challenges and attempts by the old order to penalize, regulate, weaken or disable this newly emerging money system, but it's an idea whose time has come and whose outcome won't be denied. Do you believe that? If you did, you wouldn't be getting your panties twisted over a few measly dollars.

If you remember the beginning of 2016, when BTC was at ~$400, a number of astute and well-known fin techies and bitcoin observers predicted that by the end of 2016 the price of BTC would be $600-1000. Almost all of those interviewed put it in that range, though some put it higher. So we're doing pretty well right now. Split the difference and we're at $800 by December.

And I read a report the other day that the BTC market is quite healthy right now. A large part of the market lethargy is because we have lots of people in long position. Like me. I'm not panicking. I'm not selling. I'm buying, and $580 sounds like a sweet deal to me.

I agree. A lot of my friends and coworkers have only heard of bitciin and don't trust it. The older generation doesn't know technology so it will be a generation before merchants start accepting bitcoin as payment. I would advise people not to invest

It is certainly still a good moment, but time will tell.

I was standing in line at the super market and it took 4 mins (sounds like nothing but it's actually a lot in transaction time) for some guy in his 40's to use the simple chip payment method on his credit card.

- Bitcoin will not go up until there is a method that gets it out for the common people to use. Most of the people I see can't even set up apple pay accounts on there phone.

- Bitcoin will not go big until it finds a way to bring in major money from legitimate sources that pay taxes. I lost 2 big investors when bitcoin was at ~$260 simply because they didn't trust it. I spoke to them when it went up to $650 and said we would of made at least 200K and he told me with the straightest face ever... "I don't care I still don't trust it, my house has 200k equity and it's a safer investment"

Bitcoin still has that "online geek novelty" connotation. When ever I bring it up with certain people it's hard for them to take me serious. This leaves lots of doubt with me to actually make big investments in it.

The good news is it leaves space for me to make my money which I don't mind. I've made my share of cash with BTC. But I doubt I will become a millionaire from it any time soon.

I don't think it's will rise to 650+ USD. currently it on 573$,  I think it will stay around 570-590 in this month.And as you said bitfinex scam isn't over yet.So, i think it might increase on next month.Probably there is no chance of increasing to 650$ in current month. So, let's time to say all.

I doubt the price will stay around 599. Either it will go back to 650 dollar or we will find support somewhere near 560 dollar.
The bitfinex drama is not over yet.

it's 599 again so if you bought it when the price still at 570 you already earned 29$ for only 3 days, i guess btc price will be pumped again to stay at 600 or 650 so still best time to pick more btc.

$800 indeed looks like a very difficult price target for this year, but it's much more likely to happen than $1000 as a lot people are talking about. When the price was hovering around $650 people were talking about the price to go over $700 again, but now they have to focus on reaching the $600 level first. And then we have to stay above $600 for a while. All not easy with the current low demand.

Not sure how much more it will rise. But I am expecting a large drop between Oct-Dec when holidays come and people start converting to FIAT. I'm just worried about the price between AUG and SEPT to be honest.

I've held from buying. I think people that predict the price of anything more than $800 are loony. $650 is the ceiling until bitcoin starts being used by the commoners.

i'm not sure is this a good time to buy, with the recent dump, maybe it's better to wait near $500 level to buy?, i see another dump incoming before the reverse trend happen, maybe i'm wrong, but the news about okoin being illegal is huge, can create a big panic dump

yeah, it is definitely the correct time to buy as much bitcoins as possible right now, when the price bounces back you will not earn a lot but you will make some money

it mainly depends on what the purpose is when you buy yourself some coins. if you purely look at the short term, then you can even choose to wait with buying so the price can drop further. if you are long term minded (at least 2 years), then you can start buying right now. even if the price is over the $600 level you can safely buy for the long term. it's all good.

thats right the price cannot just keep on growing all the time, it needs to fall back either, though i hope that the overall trend in a few years will be up

a good time to buy before back rise to $600, but if you are a little more patient might be able to get a cheaper price. prices are still stable, so that it could go down or up.

People have been saying this a lot. So far the price has gone down to each level where people were thinking to not see it ever again. Big crashes are a part of Bitcoin. Most people are used to it by now.

Yeah, buy bitcoins while its droping. Maybe this will be the last time you will see this price. Its a little bit higher but if you can afford, then buy some. Actually, i never expect this will happen to bitcoin coz its always on top. Now it drops a big amount. Etherium right now is still on rising and other altcoins too.