The best time to buy was a few hours ago when it dipped under $400 on Bitstamp.
The second best time to buy is now when it's $480 on Bitstamp.
Are you mental?
I bought at $550, and have just sold at $490.
Yes, that is a 12% loss. I took this on the chin cos the charts are telling me this is as good as its gonna get for quite some time.
Well if you had bought at $480 as I said, you could have exited out at $550 and made a tidy profit.
I don't understand your motivations, either you are day-trading in which case you don't care about long term trends, or you are in it for the long term in which case short term dips mean nothing. It seems to me that you've just taken a fat hit because you couldn't make your mind up. I will shed digital tears for you when it goes past $600 later today.