When is enough, enough?

[FreeJack2k2]

Bitcoin adoption is a marathon, not a sprint. A lot of things still have to happen before it can start really penetrating the mainstream and in the meantime, the volatility will continue. This is something you need to take at least a five year outlook on. Some people day trade and they take the short term view, but in my opinion, the winners will be the ones who stuck it out.

[Swordsoffreedom]

Bitcoin adoption is a marathon, not a sprint. A lot of things still have to happen before it can start really penetrating the mainstream and in the meantime, the volatility will continue. This is something you need to take at least a five year outlook on. Some people day trade and they take the short term view, but in my opinion, the winners will be the ones who stuck it out.

I agree it definitely is more about perseverance and long holding than short term
Lots of people lost money in 2011 in 2012 and in 2013 and bitcoin still exists and has been growing stronger
No reason to back away now

[Dipt]

When the time is there that I can say I want out, Bitcoin is allready accepted big time... so stepping out would mean back to FIAT and that's not why i'm in here for. Yes the price has dropped, that sucks if you bought in high but it will rise but when that's the big ?
The bad news being spread is just for trainmissers to step in, that's my thought.
We should hang in there, and if you see how many new company's start accepting/using Bitcoins in there daily work now, that means something.

[BenAnh]

I started getting into Bitcoin early this year. First coin I bought was around $800, and now its around $450. I was just wondering when it will be enough for the people around here? What is you're "sign" that you have to cash out and say goodbye?

I'm asking because I don't want to step out and walk away. Not only have I invested a lot of my savings into this technology, but I believe in the technology and the positive impacts that it can give to the whole world. There's been countless bad news since I started getting into Bitcoin, and recently, there has been a lot of good news, but the prices are still going down... I think for me, if doesn't get the right recognition/acceptance/price by the end of the year, I'm out. Probably keeping one BTC, but mostly try to get back what I spent.

Don't get me wrong, I would love to be in this for the long haul, but if I've already lost enough that it would only lead to stress and financial problems, I'll be thinking twice. Right now I still believe in Bitcoin, and it sucks that most people are ignorant and disregard this new technology, and its hurting us.

So what is it? What is you're "I'M DONE" sign?

Keep in mind that you have not lost anything until you sell. Market price is irrelevant if you are prepared to hold for a few months.

Agreed! You have not lost anything yet until you actually sell the coins. I would not like to speculate but last year I predicted it to be at $500 and surprisingly it passed that with almost doubled. For 2014 I would predict it to hit $2k with my knowledge and experience, and of course this is my own opinion. I would recommend you to sell at $1k since that's when you can make a profit but don't feel bad if you sold at $1k and when it hits $2k by the end of the year. Being greedy is a good thing but as a smart investor your goal is to make a profit with the available resources. Only the most experienced and lucky ones make the maximum profits.