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?
It depends, do you want to exit on sideways movement and pay capital gains AND maybe see it go up and not down? And, it already went down hard - you are betting the correction is NOT over. We don't know.
It sure may go down, it is like we are between movements, but do you want to chance it?
The good thing is that a great announcement is innevitable and the longer we sit (moving sideways) the better we are.
Of course a bad announcement may come, but we've withstood a few hard ones fine. But another Cyprus probably means another run up and there are a lot more Cyprus' out there than DHS'...
We got guidance from the government and watching the news and researching shows that our economic system is NOT looking good. See Ireland, Greece, Italy, Spain, Japan, etc.
but it's not the right time now.. 
