As promised here are my "Bagholders Questions" responses...
(1) How do both of you feel now that the BTC price has drop so quickly in the last couple of days. Are you guys butthurt or have you already cashed out?
(2) Will you buy back into BTC if the price goes below $50?
(3) Where do you clowns see the BTC price in a month?
1. I constantly doubt whether I am doing the right thing, its hard to hold through big swings. However, I have to stick to the plan. If I had the cash to spare (i.e. didn't mind losing) then I would buy more.
2. It depends how we get to $50. If its a slow decline, and if I have a little spare cash available then I might buy more. If its because of some catastrophic failure and the price is tanking hard (like 80%+ drop in a matter of hours) I might just sit and watch how it unfolds.
3. I haven't the slightest idea, but the price in a month isn't really a concern. Just as the price in the last year hasn't been. I'm on a 10-20 year outlook. It either succeeds or it fails. I'm not here to trade. If I wanted to lose money then I could easily do so on forex markets, or I've found spread betting to be even more efficacious!
If I *have* to put a number on it then I'll choose $325. On St Valentine's day of all days. If I'm right I'll send you flowers.