I would like to be that positive, but why is that so?
1. It's either 0 or the moon for Bitcoin. Therefore, I would rather want to be positive if I am in this for the long run.
2. We've had not 1 but 2 similar situations in the recent past. BTC can go much lower the next few months, but it did not die the previous times either.
3. I already got my investment back times x. I can lose whatever I have at stake (currently dollars @ Gox which could vanish as well during my vacation
) without shearing one tear.
That helps. That really really helps to remain positive.
For profit, I have to part from my emotional part that says 'hold on for the longest time'. Therefore, I'm currently out of BTC and await what happens. I mean, look at this chart:
http://bitcoincharts.com/charts/mtgoxUSD#rg180zigDailyztgSza1gSMAzm1g10za2gEMAzm2g25zxzi1gMACDzi2gRSIzlWhat does it tell you?
What does it scream in your face?
It tells you that its going down, and probably down for quite a bit and over a longer period of time. No guarantees, but I am acting pursuant to that conviction. If I am wrong, I can always buy again at a certain loss.