>buy while prices are going up >sell when they go down

>>2690876
to buy and sell you pay commision fees, so you if they go down you lose 2x commision fees

>>2690890
Are there markets with no commission fees?

>>2690896
no

but the shit i said got me thinkin - if the exchanges have bots that don't pay commision fees then they can pull this shit off for infinite money

This works fine but it's rare that a coin price moves like that. You need some kind of event or article for a predictable pump and dump. Like right now you can probably look at a chart and say oh eventually it will be higher and lower depending on the timeframe but you'll be wrong 50% of the time, and even when you're right it might take weeks to pull out your money. Also it's a lot of monitoring which is a waste of time, only works if you automate it.

>>2690876
>buy high, sell low
Nah you've found the little known secret to lambo buying
t. Warren Buffet

>>2690876
You're assuming you know what is up and what is down. A coin could crater 10%- is it "down"? You buy it and then it drops another 40%. And then it stays there. What do?

If you could call the top and bottom perfectly, you'd have infinite money. But you can't.

>>2690949
Is there a way to predict top and bottoms?

>>2690961
Yeah but it involves black magic or a time machine.

>>2690876

>buy when prices go up
>it shoots back down

>sell when they go down
>it shoots back up

what happens then?

>>2690979
the /biz/ life

>>2690961
you don't actually have to predict tops and bottoms, you can cause them too :^)

>>2690876

the problem with that is they never go up