Then put in orders @ $350 and wait what happens.

I have put so many buy orders at $600, $500, $400, $300, $200, $100, but unfortunately none of them get triggered

 I have invested 50$ to check if I could intraday and make some returns , just to try if its easy to do or not. It was easy thats for sure but the dropped to 6xx$ killed a little of my coins. About 10$ worth. Thank god it was just 50$ .

 Now I am thinking about investing more since its low and I want to ask , do you guys think these areas are the lowest bitcoin would get in short term , or is it sinking like a ship from now on? Would it be a good idea to invest in at 650ish$?

One day you enter too early and without cutting your losses just in time, you are doomed to lose a great deal of money. It is just a matter of time...

When I first started out, I thought bitcoin day trading was going to be a breeze..

Then I lost a few thousand dollars trying to follow trends and swings.

Finally aware that bitcoin was subject to extreme manipulation and pump and dumps, I wanted to completely abandon bitcoin. I was convinced that buying and holding was the only optimal strategy, which it can be smart, but then I started using manipulation to my advantage and everything changed.

The simple truth is that manipulation will always exist. So instead of trying to day trade and make a quick buck, use the manipulation to your advantage.

The secret can be found in a saying that I'm sure we're all familiar with, "patience is virtue."

Take the bitcoin you have and move it to an exchange like btc-e. Put in a sell order that will give you a somewhat decent profit after fees are taken into account, and wait. No telling when, but your order will be filled.

Once this happens, place a buy order a reasonable amount below what you sold at. Once again, this buy order will be filled.

Continue to repeat this process, and I guarantee you will come out on top.

It has made me several thousand dollars now, and increased my bitcoin holding tremendously. Don't try to make a quick buck and get sucked into every panic buy and sell, but have a little patience and use pump and dumps to your advantage. They happen daily and always have the same result.

Let your greed subside and enjoy the ride, hope this helps.

If fiat exists, and remains legal tender, it would only make sense to spend bitcoins when a person has run out of fiat.

Strictly speaking, it is not Gresham's Law, rather an extension to it taking into account a floating exchange rate between the currency pairs that I proposed somewhere in this forum...

Is Bitcoin primarily a medium of exchange or a store of value? No financial instrument can be both things equally well. Despite what some Bitcoin proponents believe, specialization in one direction is inevitable (many people who seem to think it can somehow be both are the same ones advocating 'buy and hold forever'...).

The BTC paradox is that when it was created, it was intended to become primarily a medium of exchange (so Satoshi claimed) but the manner in which the protocol was devised makes it far more suited to be a store of value.

If it does become a significant store of value what might it be worth? Obviously we still cannot say with any certainty, but to determine the upper limit assume Bitcoin somehow fully replaced gold. Then the price of 1 BTC would roughly equal $330,000 (5.6 billion ounces*1250/21,000,000). Of course that is the upper limit and not very realistic.