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Title: NEW POLONIEX USER - WHEN YOU SELL BITCOIN - DOES IT GO TO CASH IN YOUR ACCOUNT Post by: grimesk on December 07, 2017, 03:58:51 AM I'm brand new to bit coin. I just set up a COINBASE ACCOUNT to buy bitcoin and keep in a wallet. I am setting up a POLONIEX account because I hear that you can do day trading in that account but not in the coinbase account.
What I want to know is - with stock accounts - when you sell your stock - it goes to cash. When you are in Poloniex - since you transfer bitcoins from Coinbase into Polomiex, when you sell the bitcoins - does it go to a CASH position ? And then when you are ready to buy the bitcoins again you use the "cash" to buy the bitcoins ? All of the web sites I looked at showed them buying other crypto-coins. I just want to day trade the bitcoins - buy low - sell high. |