This is the moment all buyers wait for.
Don't kid yourself.
That panic selling sweet spot is much lower down than this.
Mat! Long time no see!
Are you feeling better these days? more importantly sleeping better?
*edit*
I guess I should at least address the original post since I'm crapping in his thread trying to catch up with an old friend (not really, but I do value MatTheCat's contributions)
So my "The philosophy of buying when others panic sell..." is that I am a crap trader.
The only way I have been able to consistently increase my btc position has been to simply set a tranche on either side of the price and hope for volatility, (last couple days been very nice
I just make sure that I have my tranches set deep enough to account for whatever occurance. For example lower tranche ends at 288, upper tranche to 4000. worst case outcome is I get cleaned out on either side, If I get cleaned out on the top side, oh well, I cash out a tidy sum. I get cleaned out on the low side, now I've got a ton of coins, but they might be worthless. Oh well, it's been fun, just wait and see if it recovers (lesson learned from that crash after the 32 spike.) 
