Create an account on
LocalBitcoins.
Get a fully verified account on Coinbase.
Get a couple bank accounts separate from your existing one(s).
Link bank accounts to Coinbase.
Buy some bitcoins and send them to your LocalBitcoins wallet so that you can fund sales instantly.
Sell Bitcoins. Take the cash you receive and deposit into one of your bank accounts. Buy more bitcoins with Coinbase.
Make sure to charge enough so that you don't lose money.
Yes, but there would still be a few hours between between the time I receive the cash, deposit it in my bank account, fund my exchange account, and buy more bitcoins. The previous poster pointed out that the the price could just as easily fall during this time lag. If the odds of the price falling against the price rising were 50/50 then I would feel comfortable, but my worry is that because bitcoin is trending up in the short, medium, and long term, the odds of the price rising during the time between sale and purchase are significantly higher, maybe 60/40 or 70/30. If this is the case, then it seems like this would not be profitable.