Hello, Currently i have a couple of coins in cold storage.
But I'm looking to experiment with buying & selling 1 bitcoin.
So, I just bought 1 bitcoin @896usd
What i want to do is put my 1 bitcoin on an exchange somewhere and wait until it goes up 30 bucks or so, then sell it and keep the usd in the exchange.
Then wait until it goes back down again, and buy it a bitcoin again.
I want to keep doing this as i see the bitcoin market go up and down quite often. Just like the stock market, buy low sell high
Is anyone doing this? Will it be worth my time? It would be great to make a little bit of profit every month.
I know we're not supposed to keep bitcoins on exchanges, but i just want to experiment with buying and selling 1 to see if i can become good at it and make some profit,
Any advice? which websites should i use, The only one i can think of is bitstamp, i already have an account on there.
Please send me all your advice, thanks to all
you can visit kraken to compare the price and the volume with bitstamp. i am sure that there is much more market exchange that allow you to do what you want. yes its worth for your time, you can watch the price up and down, buy and sell again.
