Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
China going down slowly. Not sure if I should buy back or not 
Last crash played out over 2 days ( dec5-7 almost in to 8 ) however the low was hit about 24hrs from the first drop.. I sold at 870 had I waited 24 hrs I was laughing got back in much earlier and saved myself some stress but lost future profits.
With that being said analyze the information you have.. and find a re-entry point(at a gain and loss) that seems reasonable since I believe you already sold.
Either way you need to find a reason why you think the crash slides, drops or ends.
Yes I sold at the bottom @650 and would be happy if I only could get my coins back. I had 35 coins before I registered here in the forum. With listening to some people here I panic sold so many times. With a loss of 4 BTC´s. And now I panic sold again because people here were writing it is the end, adam was even crying. So I sold all at the bottom. Looks like its better to move the coins to a wallet and forget the forum here.
This is just the first dead cat bounce
Agreed. I think the current price is close to the price Bitcoin would have had (following the trendline) if China had never entered the game. Price may get a bit lower, because people always panic a bit more than the situation warrants, but ultimately even if the price dips 100 dollars more, it would mean that all expectations of China will have been bled out of the system. Bitcoin can then continue to grow on with normal expectations restored.