So everyone who speculates right now just buy low, wait long and sell high?
Buy low, wait long and sell high, is called "investing", not day trading especially fancied by short term speculators.
You are a newbie in bitcoin and probably has no any trading experience yet.Due to the fact that day trading is very risky, I recommend you just wait and learn the concept of bitcoin. If you have spare money, you can try to buy a little bit and hold.