Post
Topic
Board Beginners & Help
Re: day trading - what's the catch?
by
minerpumpkin
on 04/09/2014, 21:01:13 UTC
Hello,
I'm just interested if is it possible or there is some catch. I see that price of BTC on stocks is different (of course) but the difference is big enough to make money with just buying on one stock and selling on the other one. So my Q is what's the catch? I already checked fees and still it's should be ok.

I've never trade BTC (yet) so correct me if I'm wrong or there is only classic risks like falling price..

I check price @  http://bitcoincharts.com/markets/currency/USD.html

Thanks in advance for your time.

Are you talking about day-trading, meaning selling multiple times a day and using even slight price swings, or are you talking about arbitrage, and using the different prices on different exchanges? The catch is that you can't get the BTC or even money fast enough from one exchange to the other. And day-trading is difficult since you never know that your trades are the right ones...