The current $700 is a good price.
A very good price.
I would not try to "get smart" and think you can predict what will happen.
Had so many friends tell me im clueless and they're "waiting for a big crash".
Thats when it was at $250.
They're still waiting. They never got in. Now they're screwed.
The days of seeing 700's ever again, are numbered. I would get in and hold for 5 years.
i hear what your saying but I look at it like this.
Its early in this so called crash. i keep hearing about monday and mt gox
and i wanna see where it leads.
if it means btc goes to 600 (using bitstamp for price) i could get a little more btc
if it goes back up to 800, well i would accept the loss.
for shorting buying now would be best
but i rather hold long so i wanna make sure i go over all scenarios
i am not stupid and i know it wont go anywhere near 300 in this dip, but I just wanna see this small
bump play out.
long term i wanna hold and check back in a few months to a year
(originally I was planning to kncpreorder but forget that holding btc far more valuable then mining now, unless you own a gpu farm or something)