Is there a way to trade bitcoin in very short term?

[suben380]

Hi, so I did an expiriment. I pretended that I was buying/shorting 1BTC this was my results. (prices from preev.com)

(PL = profit or loss in dollars)

SHORT AT 201.3
CLOSE AT 200.7
PL 0.60

SHORT AT 201.4
CLOSE AT 201
PL 0.40

LONG AT 201
CLOSE AT 201.5
PL 0.50

LONG AT 201
CLOSE AT 201.6
PL 0.60

SHORT AT 201.4
CLOSE AT 201
PL 0.40

SHORT AT 201.8
CLOSE AT 201
PL 0.80

LONG AT 201
CLOSE AT 201.6
PL 0.60

LONG AT 201
CLOSE AT 201.6
PL 0.60

LONG AT 200.9
CLOSE AT 201.4
PL 0.50

LONG AT 200.8
CLOSE AT 201.3
PL 0.50

LONG AT 200.3
CLOSE AT 200.5
PL 0.20

So, is there a way to trade bitcoin in the short term, like this? Thanks!

[Rannasha]

There are several exchanges that work fast enough for these trades. The problem, however, is not speed, but trade-fees. Exchanges typically take 0.2% or more (there are cheaper options too) from each trade, so that's 0.4% to open and close a position, or roughly $0.80 on the $200 price in your examples. And that wipes out all your hypothetical profits.

[Bit_Happy]

If you aim for ~2 to 6 hours you will find many trades that earn a good %, or...
2 to 3 days can give you much better profits.

[98problems]

There are some chinese exchanges that generally do not have trading fees, however they are rumored to be scams/using customer funds to pay for their own expenses.

As mentioned above your short term trading strategy would be "foiled" by the fact that exchanges are going to charge you a trading fee (generally around .5%, although it can go as low as .2%) unless you trade massive amounts and you are adding liquidity to the market

[suben380]

There are several exchanges that work fast enough for these trades. The problem, however, is not speed, but trade-fees. Exchanges typically take 0.2% or more (there are cheaper options too) from each trade, so that's 0.4% to open and close a position, or roughly $0.80 on the $200 price in your examples. And that wipes out all your hypothetical profits.

Could you give me links to these exchanges?
Thanks

[findftp]

There are several exchanges that work fast enough for these trades. The problem, however, is not speed, but trade-fees. Exchanges typically take 0.2% or more (there are cheaper options too) from each trade, so that's 0.4% to open and close a position, or roughly $0.80 on the $200 price in your examples. And that wipes out all your hypothetical profits.

Could you give me links to these exchanges?
Thanks

Just go to bitcoinwisdom.com and check the list of trading pairs.
You will also have a good impression of the volume which is not unimportant