Whenever I get bitcoin, I immediately sell for a small profit. I have been wondering if I would be better off just holding onto them...then I think that to make money I gotta buy and sell, buy and sell, over and over.
What are your thoughts? Is it better to buy and hold or buy low/sell high?
both of them are good ways of making money, you should see which one is better for you. usually people are choosing the easy way of just buying low and hold it and wait until the price is high and then sell it.
but also you can see that there is always a lot of ups and downs in the market which can be considered good opportunities to buy low and sell high every day on each of these dips and rises.
I agree that both good ways in making money, BUT it depends on some situations and conditions.Arbitrage is advantageous if you have a bigger margin,having a higher demand or several orders.Since transferring from one exchanges to another takes time,this could be considered. BUY and HOld is also a good one, BUT you have to be awae whats happening,speculations etc because it also affects the bitcoin price. Be vigilant and act fast so that you will not be left behind
