Consensus opinion so for still seems to be a lot of denial...
"this is bull..."
"I blame bitcoinica"
"could this be the last opportunity to buy bit coins at a great price"
I don't think this sell off marks panic, it was simply an unravelling of the leveraged longs. I think a bunch of them will have been washed out, and i think the rest will be hesitant about jumping straight back in.
Pessimism has yet to grip these boards, and only then will the true panic selloff begin and we can start to think about finding a bottom.
Some of my higher price orders in the 5.xx range have been filled (don't want to be totally committed to my plan and miss out an picking up a few coins in case we simply spike back up) so my long position is starting to creep up.
The bigger orders going down 4,3,2 range still stand, and the longer this goes on the more likely it seems they get filled.
I maintain my belief that we retest $2.20, any lower and I'll need more capital
