 |
February 27, 2016, 07:50:32 AM |
|
I like to be able to buy/sell bitcoin immediately. I'm from the USA and have circle/coinbase account because i have usa bank accounts. I'm outside the usa at the moment and still can use circle/coinbase online.
I like to be able to buy/sell bitcoin immediately via trading. For example if bitcoin is $350... i would buy 10. First off, if i wanted $3500 in bitcoin instantly, what are my options? I believe circle/coinbase you can only buy max $300 or $1000 worth of btc instantly. If using an exchange, how much fees would it cost to buy btc immediately in this situation? So i then track bitcoin price throughout the day. Then say next few days bitcoin is now $410. I want to immediately sell all these bitcoins. So if i do, I would sell 10btc for $410 each for $4100. That would be $600 profit which is very good. However how much fees would i have to pay to sell those bitcoins? How much percentage? Is it around 1 percent each way usually?
The thing is i want to be able to do this all instantly. The other thing is this. Let say i was to sell those bitcoins instantly. Where would the $4100 be then minus the fees. Would it be in the exchange where i could then buy $4100 worth of bitcoin again later on in the day if i wanted to etc if i saw it dropped from $410 all the way to say $380? I'm sure there are ppl that do this. So if you buy low/sell high... that seems very good idea right? But of course if it keep dropping... then it doesnt go up... well you are going to lose money unless you keep holding it until it gets back to the price you bought it from. Would like to know anyone who does bitcoin trading with buy low/sell high and from the USA can give me advice on what exchange i would need for this. Thank you.
|
