The sellers are piling up and the buyers are dwindling. Better

>>1863006

Shorting is dumb. Just buy something you like, keep it safe in a wallet, and wait for it to double.

>>1863006
So I've been wanting to do some simple day trading on Bitfinex. As far as I can see all I would have to do is buy once a day and sell once a day after it increases by at least 1%

Is there some catch that would prevent this strategy from working? Does it just become unmanageable at higher and higher amounts?

>>1863038

Unless you've hooked up APIs and are doing it programmatically, it'd be a pain in the ass to sit and watch it. Especially if you sell at 1% increase then see a 10% jump a few minutes after.

File: IMG_0784.png (98KB, 612x491px) Image search: [Google]

98KB, 612x491px

>>1863038
And what if it goes down?

>>1863048
That's what I was planning on doing. It's too tempting to see an upward trend and think you're going to wait it out to reap larger profits.

>>1863051
From what I've seen, for the majority of days it goes up by at least some minimum threshold.

>>1863006
It's probably the miners cashing in. They put in their hard work to build the software and now they are ready to make a little money for their hard work.

Good. It should crash so I can buy more

>>1863006
actually you are wrong. on polo right now the buys are piling up. there is now almost 1000 BTC more on the buyside than there was 6 hours ago