Depends on how you look at it, but even you made $30 USD extra a day,5 days a week x 48 week, you'll have $7,200 USD and may be more on top of your regular investment and salary from your day job!
As the market is open 24/7, more chance to to make more $$$
Good Luck!!!
Topic: ugh, timing the market isn't worth the trouble - page 2. (Read 2281 times)
Indeed.
I succeded in making a little money today by selling 7.5 bitcoins and then buying 7.5 bitcoins at a lower price (I traded on coinbase.com).
But I had to tie up several thousand dollars for several days to do it. The return was okay, about 2.5% over the time the capital is tied up but that's only because the trade succeeded -- it well might not have. And bitcoin goes up so fast historically that it's something like 5% a week, long term, without any trading at all -- just buying and holding. So I don't think I'm going to be making any more short term trades between btc and fiat, it's just too slow, and you have to tie up too much capital, not to mention keep an eye on the ticker all the time.
Better to buy and hold; if you want to do day trading, do it all in crypto.
But I had to tie up several thousand dollars for several days to do it. The return was okay, about 2.5% over the time the capital is tied up but that's only because the trade succeeded -- it well might not have. And bitcoin goes up so fast historically that it's something like 5% a week, long term, without any trading at all -- just buying and holding. So I don't think I'm going to be making any more short term trades between btc and fiat, it's just too slow, and you have to tie up too much capital, not to mention keep an eye on the ticker all the time.
Better to buy and hold; if you want to do day trading, do it all in crypto.
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