if it drops lower sell it    

I think you should probably cut your losses, man, especially if you're new to trading. I've been doing this successfully in the real world for years and I still don't like technical trading.

But it is fun to watch.

The block of ice is hilarious, BTW. Laminated paper wallet? I might even do that.  

I would have laminated it but I dont' have a lamination machine.  I just got the paper double bagged in two ziplocks.  That is then folded and put into a small tupperware container...which is water tight...and then frozen.  My bank was asking too much for even their smallest safety deposit box.  I'm actually thinking of thawing it out and sending a copy to my family as a backup...  ONe thing I hadn't thought of is if my apartment building burns down or somethign...or if we have another Hurricane Sandy, I might lose the private keys...so I guess i know what i'm doing this weekend.

Finally a little bit of stability?

Edit: Oh who am I kidding, China is waking up soon. Stability for them means PANIC BUY.

@worldlybedouin

I would be pretty scared playing with crappy printer ink and freezers :/

Why not just make a paper wallet with 2-factor encryption. That way you can make many copies of it without worries and even store some in the cloud. Nobody can use your bitcoins from that wallet without knowing the password.

Edit:

Is fiat starting to flow to stamp, there seems to be a lot of buying pressure?

Its very obvious at this point that BTC is back in a upwards trend.

@Vycid
@neutrinox

Yeah I think you both make a good point. My neanderthal approach to securing my private keys is a telling indicator of my lack of "Bitcoin Sophistication".  

I've been meaning to defrost it anyways, so I might as well setup a proper 2-factor auth set of keys...and send encrypted USB drives to various family members for safe keeping.

Funny, how lazy we get sometimes, but when you stop to put things into context (5BTC * ~$600 = $3,000) makes you remember how hard you struggled to get that $ in the first place and to lose it over something as stupid as Ziplock bags and Gladware containers....shame on me.  

I do have to agree, watching the charts on the exchanges up/down does make for more exciting entertainment than any crap show on "Reality" TV these days.

Cheers mates to your kind advise and setting this noob straight a bit!

whoop whoop whoop