Yes that's how trading works, be it in cryptocurrency or in stocks. Study the deviation on the coin, its average, latest highest and lowest value and the fluctuations within it.
Also, when trading check the delay of the site you are using.
Say in your example you bought coins for $10, then the next day you saw the price changed to $11. Be sure that when you click that "sell" button, the value you saw in your screen is what they will process.
Topic: Noob question (Read 807 times)
Value of cryptocurrencies go up and down every few hours, so if price today is 10$ and tomorrow 11$ can I just buy today and instantly sell tomorrow for 11$? That seems way too simple... Could you link me to or explain here how dose all this work?
Sounds simple right? But when you do tried to trade I'm sure you would really be confused on what would you gonna do.Specially if you are just a newbie trader you would make mistakes on purchasing coins randomly on which this is the common thing on most noobs that jumps into trading without any proper knowledge.Value of cryptocurrencies go up and down every few hours, so if price today is 10$ and tomorrow 11$ can I just buy today and instantly sell tomorrow for 11$? That seems way too simple... Could you link me to or explain here how dose all this work?
You can do that thing but not everyday, it is lucky for a person who buys 10$ then be able to sell it 11$ tomorrow morning. It is possible though but with only a little chance because not all the time the price of the altcoins falls then rises immediately. Sometimes the value falls and it takes a lot of time to goes up or will not be able to increase totally because of something. So I suggest you to find a good altcoins and good luck to your plan, it is too risky.
There is no way other than the way you use it is true, the difficulty of predicting the rise and fall of price.So,buy low prices, sell high prices.
Value of cryptocurrencies go up and down every few hours, so if price today is 10$ and tomorrow 11$ can I just buy today and instantly sell tomorrow for 11$? That seems way too simple... Could you link me to or explain here how dose all this work?
Sounds simple right? But when you do tried to trade I'm sure you would really be confused on what would you gonna do.Specially if you are just a newbie trader you would make mistakes on purchasing coins randomly on which this is the common thing on most noobs that jumps into trading without any proper knowledge.Value of cryptocurrencies go up and down every few hours, so if price today is 10$ and tomorrow 11$ can I just buy today and instantly sell tomorrow for 11$? That seems way too simple... Could you link me to or explain here how dose all this work?
Sounds simple right? But when you do tried to trade I'm sure you would really be confused on what would you gonna do.Specially if you are just a newbie trader you would make mistakes on purchasing coins randomly on which this is the common thing on most noobs that jumps into trading without any proper knowledge. 
Value of cryptocurrencies go up and down every few hours, so if price today is 10$ and tomorrow 11$ can I just buy today and instantly sell tomorrow for 11$? That seems way too simple... Could you link me to or explain here how dose all this work?
i think its about value in money that is go up and down but for the coin itself, if the dev still work with seriously then I think the value of the coin will be increase and not just value in money. I think crypto currency is good way for us to be our new investment because from time to time, the value its increase.
The price of the cryptocurrencies in the market are basing on the demand of the people in the market and that $10 to $11 is not consistent and not all of the cryptocurrencies are having like that price because some of the coins pumps almost everyday while the rest is just like a roller coaster who are going up and down very fast because of the fast changing demand.
i don't think we can really call "pump and dump" as "demand". if anything it is fake demand.
and there is a big difference between the two of them too.
if demand is real then the price will rise and it will remain up and it may only have a correction but it will stay up and may even continue rising.
but a fake demand that is coming from a pump will never last. it goes up and then it will fall down. in case of bigger altcoins with a huge pump and a lot of "wishful" people, it takes a long time but you can clearly see the downward trend after their pumps.
The price of the cryptocurrencies in the market are basing on the demand of the people in the market and that $10 to $11 is not consistent and not all of the cryptocurrencies are having like that price because some of the coins pumps almost everyday while the rest is just like a roller coaster who are going up and down very fast because of the fast changing demand.
Yes, trading is going up and down. But that's not how simple it is that the price falls and the price drops. It can also increase as it does not go down today and increases tomorrow. It's hard that we do not know what the last price is before it's been increased. So do not say that's just that because you've experienced that you know how difficult it is. So it's best to study it as you learn more about analyzing charts
You can take advantage of the rise of the currency but you have to be sure that it is a stable currency before investing but that it is also volatile to take advantage also the downs
I hold and trade edg,as for now edg value price is 70 cents,buy is 70 cents today low volume trading is sell 75,76 cents,everything below 70 cents s must buy,long for now is 70-90 cents,but one tweet may change everything,find crypto and observe how trading is going,but find legit crypto after pump is dump,
Do you think it is going to be enough for you to earn so few? Add to that the market doesn't want to behave itself like you wish to be comfortable for you and your noob's steps in trading. The market is going to be unpredictable for you, so you will have to spend more time to catch that difference in price for sell-buy.
as you say that trading, as far as I understand in trading, is not easy to determine the right steps to buy or sell. It needs to be learned and investigated from the market and sources that can be the best reference in trading. If you do without first judging it's a very silly thing not unlike a gamble. There needs to be tactics and understanding for trading.
Yes but tomorrow can be also $9, do not forget the risk
Yes. This is going to work if you do not follow for some big profit. Imagine how much earn on this difference people who have, let's say, 10 bitcoins. But keep on count that for every sell/buy an exchanger will take it's fee from you and coins can just fall for days or just raise. I have tried this with LTC, but it is just worthless, I don't see any big changing for weeks.
The problem is that the profit is too small to cover the trading fee, I guess it is better to aim for higher profit than aim for a single dollar profit. It will be a waste of time if you buy $10 today and sell at $11 tomorrow since your profit won't be $1 because of the trading fee, aside from that there is also a probability of you unable to buy back because of increasing price. And it will take sometime for you to buy your $10 the same amount of Bitcoin.
Yes. This is going to work if you do not follow for some big profit. Imagine how much earn on this difference people who have, let's say, 10 bitcoins. But keep on count that for every sell/buy an exchanger will take it's fee from you and coins can just fall for days or just raise. I have tried this with LTC, but it is just worthless, I don't see any big changing for weeks.
Honestly it is easier to simulate the price and think of selling it in higher price for profit. But in reality it is easier said than done. The fluctuation of Bitcoin is quite crazy, if you aim for a dollar profit then you must focus on trading, pay attention to it so that you can sell your bitcoin at the right time.
Selling your bitcoin is up to you OP, you do not need any consent from any of us here. If you feel you have a profit then sell it.
Selling your bitcoin is up to you OP, you do not need any consent from any of us here. If you feel you have a profit then sell it.
Value of cryptocurrencies go up and down every few hours, so if price today is 10$ and tomorrow 11$ can I just buy today and instantly sell tomorrow for 11$? That seems way too simple... Could you link me to or explain here how dose all this work?
Yes, if you buy it today for 10$ and if price increase to 11$ you can sell it for 11$. But it's not really that simple, there is no guaranty that price will go up, and what if value drops to 5$? You can try one of the exchanges, deposit few bucks and see how it works.
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