Well basing from what is happening now, it looks like there is no more chance that it will drop to $2,000. I guess it will never again drop anything below $3,000 based from what just happened a few days ago. So the best time, I think, to buy bitcoins is now, since the prices are not yet sky high. I do think by the end of the year, prices will even reach $10,000.
Just because the market has calmed down, it doesn't automatically mean that there won't be any more panic selling that might tank the market below the $3000 mark again ~ never take anything for granted in this market so easily!This market is always the same ~ when the price would keep dropping further below the $3000 mark, people would speculate about even lower levels, but now the price has gone up, people suddenly turned into bulls again.
People keep adjusting their predictions by the market's fluctuations, and this shows to me that people are here only to gamble on short term outcomes, and not to take a long term position in this market.
