Low bid orders and preparing for a crash (again).

[Malawi]

+1 last poster.

It's sound advice to put in at least one high sell order and one low buy order if you have sufficient founds. The prices fluctuate quite a bit every day, Why not be open for selling a few at 150 and buying at 50 (Or whatever number you see fit)?

Myself - I dont have enough founds for that sort of stuff, but find it entertaining to follow the upps and downs.

[dontek]

Well shit. I guess the other day I placed an order if it went to $85 and apparently it did and I forgot I had the bid standing. Welp, I now own some more bitcoin. Hopefully it wasn't a stupid purchase and the price goes up a little bit more. I don't think we're done with teh high volitality quite yet so if they hit $100 again, I'm dumping and holding until the price dips down again. Stupid move on my behalf not paying attention to open orders.

[Malawi]

Well shit. I guess the other day I placed an order if it went to $85 and apparently it did and I forgot I had the bid standing. Welp, I now own some more bitcoin. Hopefully it wasn't a stupid purchase and the price goes up a little bit more. I don't think we're done with teh high volitality quite yet so if they hit $100 again, I'm dumping and holding until the price dips down again. Stupid move on my behalf not paying attention to open orders.

Even though the market is heading downwards, there are huge swings. I'm sure you'we got your money back as the market is hovering just below 99 ATM.

[evolve]

your system wont work if it crashes big time

The orders are much heavier at the bottom in singles than they are at the top, if it crashes hard my cost basis will be low enough to profit on the bounce (or at the worse case, I have to carry a few BTC for the mid term).

[flaab]

I have all my current bids set at $40 and below, with my lowest bid set at $5.  Wouldn't be surprised to see all of them filled by the end of the month...

Do you have bids set in place for a crash? If so, where at, and when do you believe they will get filled?

I have at 5.01