I would hold too.  I think $260 was overvalued for now, but I don't think it will be in the future. Things can only get better. As observed, all this news is bringing interest to Bitcoin, shaking of the image it got when SilkRoad first came around. The further we are away from association with silkroad, the more legitimate vendors take Bitcoin, the more Bitcoins are required, the less they're produced the more they go up in value/

Personally, I'm going for the long game, not selling any coins any time soon, just slowly buying.

As someone pointed out, a year or 2 ago, a bubble burst at $32 and the mainstream media exclaimed it was the end of Bitcoin. Earlier this week, we got nearly 10 times that peak. It's crashed, and once again, the media is exclaiming the end for Bitcoin.

Within the next 10, maybe even 5 years, I wouldn't be surprised to see Bitcoin go over $500 (I also wouldn't be surprised to see it superseded though.)