But you can buy high and sell higher, or sell low and buy lower also.
Didn't read the thread so I have no idea if this was pointed out earlier or not.
Either way you write it you are still buying for less and selling for more if you get a return on your investment so the question is really null and void.
Question did not pretend to be very trandescent. Just... if you have a superpower to choose from, Which one will you prefer?
A) To be able to always guess daily max (ability to sell high)
B) To be able to always guess daily min (ability to buy low)
Which one will you choose and why?
There have been lots of interesting responses discussing about this IMO.
.Well, assuming that you would know that a coin would be at $100 in the morning and $200 at night then I would buy low and then sell it for higher when the price meets the daily high.
Limiting it to only one day makes it tougher as Day 2 the Daily Min might be the Daily Max for the previous day and it would be a lost opportunity.
To add a realistic example,
Coin A is at 0.00000099 and you know someone is going to crash it down that day then you would want to sell it as soon as possible and then rebuy again when it gets lower.
But you can only pick one, you cant know the low and the high at the same time. Of course if you knew both you would be a millionaire by now.
I don't think there is much difference between able to guess the high or the low.
Sorry, missed this.
If you know the daily low then you know it will be going higher. The only unknown variable is at what point will it reach the high or low.
Lets say you wake up at 10 AM and it hits you that HTML5coin is going to skyrocket up to 0.00001000 LTC per HTML5 and the price is currently at 0.00000100 then you would make the decision to go ahead and buy up as much as you can in order to sell it for higher later on.
But, it could work the other way around. The highest price may be at 10 AM and it just gets lower throughout the day which wouldn't be any good at all to know.