Quote from: simplydt on April 05, 2013, 08:09:17 AM

Quote from: PachucoBro on April 04, 2013, 05:14:52 AM

As a Business I would be crazy to sell anything that cost me USD for BitCoins. With BTC fluctuating so much I could sell something equal to $130-$140/BTC this afternoon and tonight realize I can only get $120 for my BTC.

Currently BTC fluctuates too much for any tangible products to be sold successfully.

That's the good case scanerio, a $10-$20 loss. It could easily fall back to $60 or less overnight, or of course, double in price overnight.

I too am watching the fluctuation carefully, hopefully it will stabilize soon but I doubt it, as someone said, there must be some holdings in the hundreds or thousands of bit coins that sell high and buy back low every single day, which will cause big candlesticks!

Oh yeah I see that happen all the time on MtGOX. Someone decides to dump their 1,000 BitCoins at Market price and using http://bitcoin.clarkmoody.com/ all I hear is bong, bong , bong, bong... and that candlestick just falls and falls with each bong.

But sure enough that is the time to buy because it will bounce right back because of the demand at the moment.

I am trading all day long except when I sleep and am aiming for the small 3-5% moves and just make alot of trades. Even with commissions I can make almost 100% on my money over 30 days making only 2.2% on each trade.