Dell, Paypal that I would have had wet dreams about joining bitcoin a year ago, have little to no impact on the price as it continues to edge it's way down. A lot more people have money in Bitcoin they want to get out then money exists on the order book. There is a bottom to it somewhere but pissed of panic stricken investors will severely overshoot that mark on one dark day soon. Low buy orders doubling up as you go further down from i'd say a starting point of about 200-250 depending on how much of a gambler you are!
Also be aware their could be regulatory repercussions proposed (under the guise?) to protect investors as a result of a big burst in Bitcoin.
(I'd look for the average value(s) of about 5 decent feeds of clean, logical common sense and use your own judgement too)
Agreed (mostly), but sadly your common sense isn't so common. Going below $200-250 is more bearish than I.Also be aware their could be regulatory repercussions proposed (under the guise?) to protect investors as a result of a big burst in Bitcoin.
(I'd look for the average value(s) of about 5 decent feeds of clean, logical common sense and use your own judgement too)
Agreed that's not today's bet that's post panic, but there's no point dabbling in a falling market to try and catch the small swings up, so I'm saying if you want to keep playing you might as well leave those orders in now and adjust as the landscape changes.