Hello, I bought about one hundred dollars worth a few months ago. I know I can buy things. Is it legal for me to sell back to coinbase. Im an American citizen. I'm not a merchant of any kind. Thanks.
Of course you can! It's no different than a stock. You can buy and sell as much as you like, this is called speculation (and is perfectly legal). Be aware that every time you move through one side of the pair to the other, you will pay a small fee, a commission, to make the transaction. Its small, but if you do it enough times, those fees will add up!