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A wild variation in value of BTC will only lead to it's rejection of acceptance for real goods and services.
For what you accept today for your goods may be worth 20% less in buying power when you go to spend it.
Many retailers have stopped accepting it already.
So, if you are using it as a investment tool over a alternative currency, good luck with that.
Just like the stock market, Seems nobody ever makes much money because they do not know when to get out. Mainly because they do not understand why it goes up and down to begin with.
Add to this the fact it is a unregulated currency. That allows it to be manipulated from the outside without your knowledge and without offense. So it's almost inviting to manipulate without fear of criminal charges.
Some of you may have made money and cashed out. Good for you. Profits have been realized. Others will put it back in in the hopes of duplicating that event. Good luck as at some point, whatever patterns you are following will smash. That is the art of the manipulation.
Edit: oh... don't forget for those in the US, capital gains tax rate does apply to you for your profits.
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