Is this a good time to buy, or do you think it will go lower? 1.20?
If you're trying to buy it all at exactly the top or the bottom, you'll always be disappointed. Buy your stake in chunks. Decide what is a good price for you, then put in buy orders in advance, 1/10 or 1/20 at a time, or whatever division works for you, and assume it will go lower than you think. You'll spread your risk, and sometimes you'll get quite a bargain. Sell in chunks as well.