sell at 250
buy at 220
use 50 BTC to do this.
As I said, I have ~10 Bitcoins so by this I will make some 300$ which sounds great. I might explore LocalBitcoins and post some ads soon.
It is very unlikely that you'll make any profit by trading at LocalBitcoins. Their buy price is lower than market rate and sell price is higher than market rate.
then buy there more bitcoin and sell the same in another excahnge, with higher price like btc-e
I have a few bitcoins and am going to buy a few more in a day or two. Will have some 10+ Bitcoins then. I wanted to know which is the best investment option where I can invest my bitcoins and earn some profits as their is no point of just holding them and let them stay dead in my wallet.
Buy bitcoin and hold it is a investment, and a very risk investment.
You want to invest your bitcoin is more risk than that.
So just hold it.
yeah you're just asking for trouble, by doubling your total risk
Do you realize that 1% a week is 67% a year? 2 % a week is 180% a year.
Sorry, but when your math is that bad, you shouldn't invest in anything. You seem like the kind of person, who will get scammed pretty fast.
1-2% not on the sum of the total(1% of 10 btc, + 1% of 10+1% ecc..., ) but on the initial investment, so calculated on those 10 btc only