Someone whose smart tell me this...

Couldn't I just wait until the bitcoin drops like it does, move money from a USD wallet on coinbase back to bitcoin when it's low, when it's high take it back out... couldn't I technically do that constantly and make bank?

yes one can profit from swing trading, have fun timing it

Have fun watching the market 24/7. It's doable, but risky, and not worth the time you spend.

You're gonna take a dump and come back broke if you trade the wrong thing.

This post was edited by Thor123422 on Dec 7 2017 11:52am

This.

When even Wall Street can't do this with their resources, you have to be an idiot to think you can.

Trading was interrupted, it's back and prices rising back to what it was.

Yeah but because it's so volatile there are so many highs and lows to quickly win or lose on basically.

So yeah it's extremely risky.

That's one of the ways to make money. If you do it well you can profit more (but it's hard to know when it's going to drop or if the bitcoin will continue increasing in price). For example let's suppose you bought at $5000 and you sell right now at $16k. You will profit right away. But what if bitcoin continues increasing? You end up missing that extra profit (human greed stops you from selling thinking you can make more profit). And if it drops (and you sold high already) then you profit and can then buy again when it's low. Or if it drops and you are still holding BTC your profit decreases.

But the thing here is, when will it drop. Or maybe it will continue increasing more and more and you miss all that profit. See, these things are hard to know. But you can sell now (if you bought for example at 5k) and make profit right away. You basically made 3 times what you invested already.

Or you can just hold long term because bitcoin will undoubtedly rise more in the long term despite the corrections.

This post was edited by Golden_Order on Dec 7 2017 12:06pm

one article goes up about the winklevoss twins thinking of selling and whatever you're holding will be worth nothing for weeks/months if you're lucky.

keep in mind over the last news cycle cryptos have attracted a LOT of people looking to do the same. this does have the same sized market that stocks have, so liquidity in day trading this shit might really shock you.

You just need big balls : https://i.imgur.com/FXors4p.png

I'd link you the blockhain page but their site is down like many other sites, today has been a wild day.

Edit : Might as well

https://blockchain.info/address/366k4bqibNrbUyby4xtkDT1demdcHS8fVA



This post was edited by Helloween7 on Dec 7 2017 12:04pm

Bold has a clear limit.

If you want to make money by daytrading, you need to define limits for your investments. Sell at X, buy at X, etc. Never let emotion play into it.

Right now I'm leveraging LTC/ETH with my fiat investments. BTC I just hold.

This post was edited by balrog66 on Dec 7 2017 11:59am