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.
Trading doesnt sound very hard. just increase your balance 1% a day and you're rich!
The catch is that its very hard to win consistently. The days where you lose will
make it like taking 1 step forward 1 step back...add in the 1% fees and you
start to see its not so easy.
Exactly, running a exchange is a business just like a casino, based on the fat the casino always wins statistically.
The best is to hold long term, day trading is too hard to predict to perform well.
Benefit from shitcoin pumps sometimes if you are feeling lucky, thats that.