Confession: I've been out of the game with all my money on gox for a while. It has all been sold at $140 and upwards.
This surprises me (and kinda disappoints me
)
However, the upswing this time was accompanied by great development of fundamentals (userbase growth, service growth, awareness, interest from VCs + SV + the "mainstream"). In two years, I'm sure the bulls will be winning. There hasn't actually been too much catastrophically bad news for the Bitcoin economy, in comparison to '11, and this is simply a case of deflated expectations (including my own). The crash may be painful but this is certainly not going to be the death of Bitcoin, so I think it is very reasonable to wait for the bottom, buy in, and then watch it go to new ATHs
How do you know where the bottom is? This might be it, then again so might $10. The thing is speculating on pricing in a market is a suckers game. Sure, by selling now and buying in lower you might make a few bucks but if it never goes down again you lose all the upside. This is something that feels profitable (like the Martingale gambling "system") but isn't because many small gains are offset by a gigantic loss in opportunity-cost a small percentage of the time.
I confess I sold a few BTC during the rapid rise in March but that was only a small portion of my holdings and I already regret it. The only speculation I make, have made and continue to make is that Bitcoin will fulfill at least on of the many possible niches available to it long-term. If this is true it's already undervalued at any of the prices it has ever traded at to date. (and of course the speculation that price will approach the actual value during my life-time but that's even a speculation one makes in pure value investments).
Just asking honest questions (I know sarcasm and non-sarcasm are hard to convey in text) 
