because I'm sure the price would go back up to $600 or $700 within a year.
I think its more likely to continue to go up, slowly, to $700 by the start of 2017.
A first deeper pull back may be a good entry opportunity.
The volume below $500 was quite low. So not many people have got cheap bitcoins. Even $550 is cheap.
I think so. I have taken the advantage of the recent price drop and have bought some bitcoin recently.
Every spike is an opportunity in this market. It's not much of a dip now, the price is recovering slowly. I'm really hoping there'd still be a bull market for most of August, it's time we feel further the effects of the halving.
Halving effect is yet to begin and we will see that in coming months as price is recovering slowly at a moment and we can expect higher price in next couple of months.
The bitcoin price could be a little higher in the next few days to reach about $600. In October, the price could be $700.