Looking at past action, you would always do well to hold (unless you can call those tops and bottoms like a pro - but do you want to get caught with your pants down considering what we are talking about with BTC?)
Interesting...
If really you want to be the careful type, shouldn't you wait on the sideline with your fiat ready, as price has a tendency to fall faster than going up?
not at this stage. we're still in the investment phase. bitcoins value is being bootstrapped, you want to hold on to what you got. Missing the train is just too expensive.
next up: while exchanges and other "bitcoin businesses" run into increasingly unbearable regulatory issues, the global shadow economy discovers bitcoin (international tade, illicit trade).
Are you arguing that the price isn't usually going down faster than up?
no
EDIT: what?
