We are seeing panic buying right now.
It would be wise to sell at least part of your BTC and buy back for a profit on a correction.
If that fails?
Sell a bit more! The price will be at least temporarily lower (than 2138.45 USD at BTC-e) in the near future.
Enjoy the ride.
I am also of this feeling.
There is absolutely no reason the price should be going up this fast and this long. Japan, lack of withdrawals from exchanges, blah blah blah....
The run up from 1250 has been a big feedback loop and I'm sure wales are just adding fuel to this fire.
If someone could point to some institutional investors, hedge funds, or governments buying up BTC in the last month I would concede that we entered a new phase. This doesn't seem to be the case.
Look through this forum or reddit...the amount of comments saying "this will be 5k, 10k in no time" is a signal of the frenzied state of mind people are currently in.
Just to be clear, I am a HLODer for the long term, but I cannot think this will be too healthy of BTC in the short run.