this guy tweeted 2h ago:
Bitcoin Technical Update: BTC/USD indeed fell towards 20$ as projected last night. If 18.2-20$ falls we may see an avalanche down to 10$
i am jumping off
so i can buy again when at 10, makes sense? feedback please
A highly unlikely (but not completely impossible) scenario.
Instead of selling now, you could buy some puts, here: https://bitoption.org/?closedate=2011-06-30
In particular, the one that's available at $1.6 with strike price $15
If this avalanche down to $10 holds and BTC trades at around $10, on 30th june the options you paid $1.6 for will be worth $5 each. Or you can create your own option at say $20 and see if someone is willing to sell to you.