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March 09, 2014, 03:03:48 PM |
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I am relatively new to this forum, but I have been following cryptocurrencies for awhile without really getting into trading them on a day to day basis. Recently however, I have been more inclined to give trading a go. I've been messing around with a bit of Python code to simulate a few trading scenarios. The results seem relatively decent although I have no clue how to apply this in the real world as I have little to no idea on how long BTC transactions take nor do I understand the relative fees involved.
I have been thinking about going down the route of Arbitrage, but I have noticed that there seem to be quite predictable dips in the BTC currency that seem to rebound fairly quickly a day later, i.e. I could simply buy BTC in these 'dips' and sell them at the higher price.
Anyway to someone relatively new to cryptocurrencies is day trading Bitcoins and for that many any other currencies relatively profitable, and with that how much investment will I need to see a worthwhile return?
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