I had to sell out last night and limit my loss. I fear the worst is yet to come as the Chinese will most likely block bank deposits as well in the coming weeks or months. I also think the current selling trend will continue. It's not like everyone sold their coins last night. I imagine large portfolios will be dumping every day until they have gotten rid of the amount they want to exit. They can't do it all at once.
Someone let me know when it gets to 200. At that point, I'll take 1000 coins. I think I'll wait until it is there which won't be long.
Why do you think it will go to 200 if you and about a million others are willing to take a 1000 coins at that price?
I don't know. It's impossible to know. I feel like its going to get worse or at least stay depressed for the immediate future. I'm just saying that if it does hit 200 I'm recommitting no matter what the news is. I've got to decide on a number otherwise, 550, 500 and 450 all look so tempting. It's just my current plan.