Quote from: Dmitry.Vastov on July 16, 2018, 07:07:16 PM

Quote from: Iwantthesundae on December 18, 2017, 10:04:51 AM

does it vary for different coins? I'm asking because if I want to day trade I want to make sure its doable. Someone told me it takes a long time to have a buy go through and a sell.

EDIT: Ive added this because it seems not everyone reads all the replies, I had posted two more posts to clarify. ill just throw it in here for now.

I should have clarified,

If I want to buy AT MARKET PRICE for example if LTC takes a dip and goes down to $300 and I buy right when the dip starts to recover at $305 and it goes back to baseline of $350 and then SELL... in essence if I only bought one LTC I just made $45

$305LTC - $350LTC= $45USD

Thats why I asked about how long it takes to buy and sell LTC-BTC-ETH Usually the dips happen and they recover in a couple minutes. If I can't BUY at market price when it dips and then sell at market price when it recovers then my friend was right but I'm in the dark because i havent done it myself and IM RELYING ON ALL YOUR KNOWELDGE!! Which I appreciate immensely.. I love forums and have learned many different things for being part of a community and I know if I have info on something to share it as I did at the bottom of this post about coinbase USD transfers to gdax.

I am going to start with around $100-300usd and do some test buy/sells.. I've been studying the charts and I am pretty confident in my chart analysis.. I am a newbie with crypto but I have day traded (not much but i understand it) with my brother on the stock market.

I also learned through my own playing around on coinbase and GDAX that there is a work around to buy the price of crypto at market price instead of coinbases inflated price by using GDAX
1. transfers from coinbase of USD currency have no fees. therefore I can fund coinbase and transfer USD to GDAX instantaneously and get away from the inflated coinbase price. As far as what I read this seems possible but until my USD funds are in coinbase I will not know if it actually works if it does I will report back and make a thread about it so people can save money on their first purchase.

Im still not verified on poloniex and I studdied the graphs on there as well as the volume(pretty busy) I am verified on bittrexx BUT my issues with trading on bittrexx is there is no selling out of crypto into USD so i have to deal with an exchange fee to send to a different exchange that will let me sell from crypto to USD. unless there is a exchange that has multiple coins(more then just btc-eth-ltc

I know poloniex has USDT but i cant transfer that out into my bank account??? im not sure if that is possible in poloniex? are there any that do allow bank transfers other then coinbase,GDAX(I wont dare use gemini)??

2nd RESPONSE:

just to respond to the remarks of me being a newbie. I buy and sell cars for a living and started literally with no money. you buy cars low and sell for more then your in it for. same thing with crypto exchanges and on the stock market exchange.

Except I need to learn about the exchange rates for transfering from exchanges to an exchange that I can cash out to USD. BTW the fees for day trading on the stock market or way higher then any of the fees on the crypto exchanges So i really dont see the big fuss about the fees. However, Im using microeconomics to do my best to keep my fees for trading coins and transferring to exchanges and out to USD to a minimum.

I need to figure out the fees for trading crypto coins say for example using LTC to buy XRP an then when I made the profit i want to XRP to LTC or whatever coin i want to trade it into. thats the part I definately need to figure out. starting out im probably gonna stick with the 3 big ones ltc-eth ad btc and watch for dips and sell on the recover.

the crypto exchanges are more lucrative because its barely regulated and I know it will be regulated in the future at some point because crypto is getting major talk right now, and I've watched the whales doing their manipulation. Wink

I could have bought BTC at $16 a couple years ago so believe me I was pretty annoyed but it is what it is, Im not gonna cry over it.

This will all depends on the frequency of the valuation which will flactuates in that time, I guess. We all are aware of this fact that bitcoin is a sustainable crypto currency and it has proved its worth even and then it is very volatile also and because of its votality its valuation keeps on flactuation. So the time when you will buy and sell your bitcoins is very difficult to define because nobody exactly knows when the valuation is going to inflate and deflate and obviously one would sell his bitcoin only when the valuation is high so its very difficult to predict what is the time between buy and selling of bitcoin.

It is sustainable but to an extent compared against other cyrtos. But in most of the cases, people arent getting this fact that bitcoin is profitable for them. They usually argument that why a thing that isnt be seen and which is so versatile and volatile, can become a source of much bigger profit ratios. This thing need to be understood that nothing is better than bitcoin.