Need help understanding selling..I have been reading on Bitcoin till my eyes bleed!..Please tell me If I am oversimplifying this...I buy a whole bitcoin on Coinbase..Hypothetically for 6k..I watch the graph and it goes to 7k all in the same day.I sell my Bitcoin @ 7k.. and just made a $1000.00?..Then can I turn around and buy another whole Bitcoin if it goes down again??
That was a brilliant move! but not quite! i hope you read more about bitcoin in many sites and followed experts in social media.
If you sell your bitcoin at 7.000USD and gain 1.000 USD in just a day, you are in a good mood by then and your pocket is better.
But if you have the knowledge to hold for a longer time you are now way better than that. at least you let the Chinese New year ends.