I would certainly look to buy in sub $300 territory with a belief that a strong reversal must surely be on the cards should Bitcoin touch into the $200 range. Failing that, whenever I see an opportunity for a bit of upside and I feel comfortable enough being long Bitcoin. I was long Bitcoin just a couple of days ago, but didn't feel comfortable with it so cashed right back out.

I think I can safely say that shall never be short Bitcoin ever again cos that involves leverage and leverage fucks with the head. Shorting is also a counter-intuitive trade in that I will feel 'comfortable' about Bitcoin when my short trade is going or set to go sour and get the Bitcoin fear when my short trade is about to come good. The human subconscious has difficulty in interpreting directly degenerative events as 'positive' and vice versa. As someone who relies heavily on intuition, shorting isn't a good idea, I have found.