Is time to stop assuming the price is about to hit the floor for the bear market... we may or not go lower, what you should be doing is dollar cost averaging.
Personally I think $6500 ish range is a potential floor. After that, around $4900 would be it, I believe that is an ideal buy entry to go all in.
Worst case scenario is testing the (never re-tested) $1300 MtGox peak... it would suck but at the same time it would be a steal and I wouldn't doubt to sell my car to buy BTC at such ridiculous prices. We'll find out during the summer.
Exactly, this is what I'm thinking as well.
Instead of trying to find the floor, or the bottom, which will never be accurately predicted even by the so called experts because of the irrational nature of players within the market, start accumulating now.
The one piece of information that we have is that we are close to the bottom already, there is very little room to move down even if $6k support doesn't hold because of the buyers at levels any lower than those. I think we're in the range for accumulation after today's dump which took prices down 10% or so. You don't know where the bottom is at, as I said, so start dollar cost averaging and buying, instead of speculating on what is actually the lowest point.
$10k seems unlikely right now since $8k support was broken, at least not this month or most likely even the next.
