In your opinion, how long will this crash last, and if possible, what time in the future do you believe the BTC value will begin another bounce or at least stabilize? 1 week? 2-3 weeks?
With more news coming out of China, we may see some of the 550 support evaporate, what's the lowest point you would set buy orders at?
I think I answered this in today's predictions.
I believe some deflationary pressure and regulatory force will keep the values lower, at least until cryptocurrency can be more or less co-opted into the financial system in a regulated and 'leashed' manner.
World govt. are trying to control a thing which was never created to be controled. Now as we see that, bitcoin has hit main stream media,they will try everything to discourage use of bitcoin and keep it low.The realization of bitcoin's worth, for governments, may take 2-3 years.