It would be really stupid to just place buy orders @ 450 or 500
I have always buy orders open at the lower price levels. Mostly 15 to 25% below the actual market price. It allows me to benefit from large dumps or maybe a flash crash. Some times it only dips for a minute and then it gets bought up to normal levels. That's why it's a good idea to have open buy orders.
Yes but as you stated you place them on the low site of current btc price. I don't you would read this thread then start placing buy orders on 450 USD when the price on the exchanges is just 320.
I think I can't follow what you exactly want to say. Why would I want to place a buy order at $450 when the price is just $320? That doesn't make sense to me.
I meant this comment:
It would be really stupid to just place buy orders @ 450 or 500
I can't see this happening, in any case...