Graph of the day:

puts things in perspective, thanks for the great graph

Keep in mind that you have not lost anything until you sell. Market price is irrelevant if you are prepared to hold for a few months.

i keep thinking that the money i invested might be loosing against the pound, but that is jut it as I keep thinking about conversion.  if i could buy all my needs in BTC then I wouldnt worry so much.

what do you think will happen when no more people are mining bitcoin but there is still bitcoin left to be mined?

Sold out at 1000 and haven't held bitcoins long term ever since. Sometimes I have bought on the crash dips for brief swing trading, but not long term holding.

Bitcoin's technical indicators are looking very bearish. It is close to crossing the 1 week EMAs this hasn't happened since 2011 (+90% bitcoin crash).

Might consider re-entering for the long term when enough bag holders leave the market and it crashes to the 300s to 100s.

I'm sure most miners believe in Bitcoin's future, and thus will continue to mine and will sell their coins when BTC's value will be quite higher.
And even if most would quit, difficulty will lower so there will be better profits for the remaining miners.

I'd hold on tight for the long haul as it might appear things are falling apart a huge part of what is going on is these exchanges is because of  scumbag pump and dump day traders and whales with lots of money manipulating the price purposely selling with fake buy walls  so the price will fall so they can buy back cheaper and buy back more coins.They don't give two shits about Bitcoin and what it can do !All they care about is making FIAt and they don't care who they get to panic sell and take a loss as long as they profit!
These price manipulations causes panic sells to the average person because like chicken little syndrome people think the sky is falling but in reality you only ever lose value if you SELL or gain value if you sell! Think about it? if BTC was @1000 would you sell? probably not? the price is irrelevant unless for some reason you have to sell? the best thing one can do is hold on forget about looking at the exchange prices daily as  this is nerve racking and send people in a tizzy to panic sell thinking they have lost value and worrying about the price everyday!Put your bitcoin in cold storage and something and worry about the price next year.. Just look at history everybody who sold last year at this time is kicking themselves for selling their BTC next year won't be any different as production is going to severely diminish over the next months and there will be way less BTC circulating due to network difficulty  increasing @ about 20% every ten to 14 days and making that much less bitcoin every 2 weeks every month will be dropping 40% or less around average give or take come august mining all across the board is going to be  a huge drop over 80% less then the bitcoin made today then  and by next year? a FRACTION of what people can make even and people are going to be using 10K machines to keep up most likely..... and all the miners who will be mining would have spent a pretty penny on new mining equipment that is able to keep up and mine with this difficulty they would be foolish to mine and just sell at these prices for a complete loss so they will hold and hope for better days....
Miners are going to be holding out and not selling to try and recoup for the 4k to 5k mining equipment used to continue mining there is no way people will keep mining and sell at a loss and wont come close to ROI so they will HOLD and with that eventually the price will go back up as supplies diminish over time......
 So hold on tight this is going to be a loooooong bumpy ride and don't make split decisions same thing happened in december price fell to $500 and then bounced back up eventually and it always will just the nature of the beast........

-Yes I expected it to go up.. The start of this year looked good. Who didn't? MtGox at the time was above $900 most of the time.
-Forgot about that, but just a thought, how far away is Bitcoin 1.0? and what can we expect?
-I can't really say. Maybe... Lets just say my wife has another opinion on the matter.
-I plan to promote my services for Bitcoin (Motion Graphics/Animation/Illustrations)... What do you mean use Bitcoin as a means of speculation? Top of my head, No...
-I only sold one coin, and that was to buy a pair of wedding rings (I was short on Pesos in Manila, and had to sell one to a friend instead of asking another friend if I can pay her with Paypal...)

I wouldn't say I got in at a bad time... I got in at a good time, that eventually turned bad (kind of). If I started later than when it was during the $800 days, I would've doubted the technology because I would see it going down...

I think after my 90-Days of hosting with some people here, I would reassess everything. Hopefully by that time, things would start to get better for all of us.

Good on ya.

No one knows the future, but generally when people are excessively optimistic, one should consider cashing out, which what many people did when you were buying. When sentiment is negative, such as now, it's a good time to consider buying more—maybe not quite yet—but when in doubt, 'dollar cost averaging' works well for most people.

I'd add a small point, which I believe you're aware of, which is the importance of differentiating the technology itself from the marketplace, although the two are connected.

I wouldn't worry too much overall, despite the notional loss. Hold longer, and I think you'll be very happy. Many companies are investing massive amounts of time and money to support bitcoin. We all may end up losing our shirts, but I doubt it. Good luck and enjoy the ride.

Cheers.