Disclosure: I adjusted a little bit down this week. Wanted one of my companies to buy more silver. If anyone is seeking to buy about 500 BTC for a price higher than in Bitstamp, drop me a line. Otherwise I will just dump them.
This is the first serious throw-in-the-towel sentiment from you. Silver might tick up $10 over the next year while BTC could be anywhere up to 4 digits. Puzzling.
I sincerely believe that most holders of bitcoins have done exactly as I (among others) has advocated: only invest a modest sum, and fully prepared to ride it to the oblivion if need be. My own bitcoin holdings are already up more than 1000% and I am not selling until the proceeds will give a sizable boost to my economy. Most people are not inclined to sell at a loss, even to their own detriment. On the contrary, there is a weird willingness to wait for years until an investment breaks even in fiat terms and then sell, once it has finally started to perform.
