No I am sure that we need w8 some time. Price will fall down. Price higher 700$ to buy is risky.
I think it will take a major shocking event to pull Bitcoin Price lower than $700. I am not saying that it is impossible but we all know with Bitcoin any price change is possible but with the look of the current price, it just gone up to $900+ today, it is not touching sub $700 soon.
This time its really hard to predict the movement of the price since more investors and more company are supporting the price of bitcoin and we are just losing opportunity every time the price are increasing.. so right now we are seen that the price was hit 900 level so i think the price could be more increase until $948 and soon will decrease only 55% chance that it will hit that amount..So for now buy some and if the price was decrease you can buy more bitcoins if not you need to wait since you already have few bitcoins.. you can hold it and wait for the price increased.
Well I somehow disagree with your price fall of 55% but I guess we are in the same opinion of buying right now and when it falls buy more.
The reason why I disagree on the 55% chance of falling is that, Bitcoin is being bullish now and the first crash of the year does not reach that percentage so i guess the next fall will be around 5%-25% .