Well, I personally wouldn't buy so close after a major drop - good chance it's going to drop further.
It seems that at the bottom of the fall it was the same price we were at 6 days ago? Am I being naive in thinking it wasn't that bad?
Chinese central bank warned financial institutions not to trade Bitcoin and it would act to prevent money laundering. http://www.reuters.com/article/2013/12/05/china-bitcoin-idUSL4N0JK1KZ20131205
Reading through the story and I would say Bitcoin is a good Buy right now, they acknowledge citizens right to trade Bitcoin but don't want to see adoption into the banking system. This is probably going to be good long term news for Bitcoin.
Managed to buy back in @ $855 after selling this morning @ $1020. Just happened to look at the phone and saw the red candles. Near s#!t myself
This article is probably the reason. An expected move, IMHO. This is undeclared war after all. Source: http://www.bloomberg.com/news/2013-...cial-companies-from-bitcoin-transactions.html