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Can you just buy, sell, and repeat?
Will sound dumb, but I’m a tad confused as to why people don’t do this; BTC seems to fluctuate a lot within the 90s every month. Thus, can I simply buy 1 BTC when it’s at - for example - $94,000, sell It at $97,000, thus gaining $3k? Then, when it’s down to, let’s say, $95,000, I’ll buy 1 again and sell it when it’s reaches $98,000, thus securing an additional $3k in profit, and rinse and repeat many times… That’ll lead to thousands of dollars every month - assuming fluctuation remains as is or gets better. I must be missing something. Educate me. submitted by /u/Original_Pea_6201 [link] [comments]
Will sound dumb, but I’m a tad confused as to why people don’t do this; BTC seems to fluctuate a lot within the 90s every month.
Thus, can I simply buy 1 BTC when it’s at - for example - $94,000, sell It at $97,000, thus gaining $3k? Then, when it’s down to, let’s say, $95,000, I’ll buy 1 again and sell it when it’s reaches $98,000, thus securing an additional $3k in profit, and rinse and repeat many times…
That’ll lead to thousands of dollars every month - assuming fluctuation remains as is or gets better.
I must be missing something. Educate me.
[link] [comments]
