Post
Topic
Board Trading Discussion
Re: Is day trading on Coinbase profitable?
by
AwesomeTRADER
on 14/05/2015, 15:19:39 UTC
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.

Yes, every day cant be lucky for you, I've experienced stuff like this, and though I made some money, I couldn't make it everyday.