Bitcoin : Tell me again why is a bad idea to try and time the market
Seems it would be so easy to take advantage of Bitcoin’s high volatility to make a 1% profit every couple of days. If I bet a large enough sum it could add up to a nice passive income. Or, alternatively, catch a 10% fluctuation and it’s pretty obvious when they come if you look at the patterns, even without knowing about indicators.
A 1% fluctuation is so common that it’s practically foolproof. What are the odds of me getting into the position and bitcoin never dropping 1% below that price, ever? Practically nothing? The only reason I can think of people not doing it is not having enough capital to make significant gains on such small profit margins.
Am I getting something wrong here?
Bitcoin
Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority.
FindCrypto scans the web for the latest Bitcoin news, so you can find all the latest and breaking news in one convenient location.Author: eff-snarf
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