Re: Is day trading on Coinbase profitable?

I've been watching the BTC price for what seems like forever. Coinbase charges 1% in fees. I figure if I can (for example) buy at $225 and sell at $228, then I've made over 1%. It doesn't sound very hard. I will have my coins instantly if I register my credit card on Coinbase, right?

EDIT: Plus then I get to spend more time reading the hilarity scrolling up the BTC-e trollbox.

As far as I know, the exchanges now are full of trading bots.
And that is not so good for trading in my opinion.
They tend to mess with the price, and that is why there hasn't been any price improvement for a while.

unclear what you're saying? bots lead to higher volatility? or lower?
I would say neither is really true. Bots have little net effect on price action or long term rates.

Neither.
Bots are set to buy low, sell high.
The only difference nowadays is that there are too many bots,
so the ones running them kind of ask for smaller profit in order to compete with the other bots and have any profit at all.
Which means that the price is not really going anywhere, at the moment.

that doesn't make sense...because if we price were to be 'going somewhere' without the bots, then for price to stay the same, the bots would all have to be buying or selling in such a way to nearly exactly offset the current trend, which is unlikely.