I have a few bitcoins on mtgox, and for the last few weeks have been playing it to reasonable success, in total I had made a profit of some 5 bitcoins until today.
I had expected the drop in btc price to continue until something had changed the market, a new service with bitocoin or some bit piece of news.
Last night I set a sell at a little over $0.80, and a buy at $0.76. On arriving today I see that I did indeed have that sell order filled, only to find the price has jumped through $0.84
Why oh why???
And then I see it, my Black Swan, the slashdot article.
But I ask "wait a second, slashdotters can't have gotten funds into mtgox that quick" and realised that it was those evil speculators who are responsible for this rise
Anyway, I'm holding on to my cash until the price drops down to at least $0.80, no sir I'm no solidifying my losses.
In the short term, unless there is a huge influx of new users(buyers) into bitcion or the market has something that seriously changes things then I expect the price to continue to fall.
Want to prove me wrong? Offer some more goods or services for bitcoin to grow the economy!