Question now is, when is a good time to buy back into XMR? Is is going to drop more? Who here thinks BTC will fall below $10,000?
As far as I'm concerned, it has to. What else is going to drag XMR down to $230 where it needs to be?
How about we compromise? We don't go down so low, but we don't go up so high? Rule of four, perhaps?
This volatility has made me realize me my BP is not BP.
I picked $230 by just taking 50% from the ATH of $460-475 and rounding down. However, I believe the price was over $500 on a few non-Bithumb exchanges, which would make today's low of $254 a "reasonable" bottom.
That said, I wouldn't assume we've seen the bottom quite yet.
EDIT: The price did go to $237 on Bittrex.