Put your bids in the $100-200 range.
Good call Walsoraj. Would it be rather in region of 200 or 100?
Depends on the exchange. Closer to 200 on Gox. Around 100 on exchanges w less liquidity.
1. Thank you so much for being the fountain of wisdom here.
2. Thank you for having Kaczynski upside down.
No prob. I try to do what I can, when I can.
Your are doing a great job. I can't find words to describe how grateful I am.
Just remember that there are people here with enough coins and fiat to take everything you have. Consider him a potential coin-predator: Assume he has all the 'buy bids' for the next $100 down. The market is quiet, you are nervous, he is waiting. He wants to buy coins cheaper then the current price, so he happily convinces you that more cheap coins can be had between $100 and $200, you sell your coins on the market, unknowing that he has a stake in many of the buy orders going down the next $50-$100. And you place your buy order at max $200, which means you've been tricked into thinking the price will drop unrealistically low, but at the same time he doesn't need to compete with you to buy back the coins, at the price point you just sold at- he's convincing people who sell, to not try and compete with him to buy the coins back.
Be wary my young friend. There is no free advice here.
