You guys think it will drop any further? I'm thinking of buying some bitcoins.
China seems to have been the strongest buyer of bitcoin lately. I would wait a few hours and see if their demand picks back up on btcchina.
If that does not happen, then yes I would wait for it to drop to the $100-$200 range.
As a precaution I have sold 1/3 of the btc i hold because anything ~300 or above is a decent profit for myself and unfortunately I may have to move to San Francisco...so I need fiat.