The reason this is tempting is exactly because of the panicking. I see it as a possible way that you would help me add to my position without using an exchange. 
I think if we do not move up sharply and soon the next support level should be around 325, and I doubt even that holds long. And I don't see why we would start moving up yet. Along with bearish sentiment rising we have some sick fundamental issues (china, china, china).
I think if we do not move up sharply and soon the next support level should be around 325, and I doubt even that holds long. And I don't see why we would start moving up yet. Along with bearish sentiment rising we have some sick fundamental issues (china, china, china).
If you anticipate a violent move down OR quick turnaround (but don't know which one), it makes sense for you to buy puts.
Well... $400US puts @ bitstamp(?) with what expiry date?
I sent a PM by the way...