What really worries me is the talk of the bulls on this thread. http://en.wikipedia.org/wiki/Sunk_costs. The sunken cost fallacy is a real observed market phenomenon.
Most of you have not had to hold an underwater bitcoin position for years. I have. It was not a smart thing to do. It was an act of faith. How strong is your bitcoin faith? The market will test you.
Bitcoin isn't dead. Not even close, but if you don't think it's even possible to get much much worse before it gets better, then I can assure you it can. With all the talk about Gox and China, what worries me is if some other completely unrelated disaster happens before we've recovered. Bad guys don't play fair. They will kick you when you're down. They are out there. I'm intentionally being discouraging right now. It's better to get out now if you're going to get out than to hold on until you can't hold on any longer. Bitcoin doesn't need you to go broke for the cause. Honey Badger don't care.
Another thing too, I dont take any advice from users with begging addresses, and I suggest the same to others
Are waitresses beggars? If you like what you read, feel free to tip or not. Such hostility. Must have hit a nerve. If I acted like a responsible person, I wouldn't have tens of thousands of dollars in my trading account. I thought I explained that. You are correct that it's an ultra high risk venture and my advice is worth what you paid for it. I'm just a guy with a point of view worth no more or less than any given other. Peace, Bro.
So, what's your position (in total, I mean) these days, if you don't mind the question? Less than 50% of total USD value in BTC, or more?
My trading account is 99% fiat. It was a fraction of my bitcoin holdings, although I'm not a whale. I have less than 1000 BTC. I started buying in 2011 and my average buy in is <$40. The first BTC I bought was for $5.90, but I lost some when Trade Hill, Bitmarket.eu and bitoption.com failed. That's as much as I care to disclose.