Im new to investing and just bought my first 300usd into btc last month. Bought at 101 and after a couple days it went to 110 and above.
Ive been noticing that since when i started, the price fluctuated a lot.

This may be a dumb question but what happens if buy at 101, sell at 102, buy at 105, sell at 107 and so on? Will the fees kill my profit? Im using binance.

>>60512846 (OP)
>This may be a dumb question but what happens if buy at 101, sell at 102, buy at 105, sell at 107 and so on?
bro what. you dont buy higher than you sell

>>60512849
>buy btc at 101
>sell at 102
>use the money to buy again at 105
>sell again at 107
>buy at 101
>sell at 103

You got the idea, keep buying and selling since i believe i can keep getting it back at less than 110 for a couple months.

>>60512857
yeah but why not buy at 101, sell at 107, and buy again at 101.
anyway, if you want to trade profitably you will need to study how charts work A LOT

>>60512863
because i have a limited amount of cash

>use X cash to buy Y btc at 101
>sell at 102 to get X+x cash
>use X+x cash to buy Y btc at 103
>sell at 103.8 to get X+x+x cash....

>>60512857
>less than 110 for a couple months.
LOL you have no clue whats going on. btc will pump to 120k soon.

>>60512846 (OP)
>This may be a dumb question
No it's actually a smart question
Most CEX like Binance charge like 0.1% fees on spot trading (buy or sell) but they also make money on the spread. Realistically you lose about 1% on any trade. So it's best to ensure you made at least 2%+ profit before swapping in and out of Bitcoin.

>>60512867
this is peak midwittery shite and trite idk what to tell you bro except go study the charts for a while before you trade anything

>>60512870
ok, so i will add 50usd to binance and play with that to see what happens. I wont play with my full 450usd pot just in case

>>60512875
why?

>>60512880
because you buy low sell high. you dont buy low sell high buy higher sell higher buy even higher lmao

>hi guys
>newfag here
>this shit is easy
>buy low and sell higher
>over and over
>thats my blogpost
good luck newfren look up dunning kruger

>>60512846 (OP)

This makes no sense dude. If you're buying at 101K and selling at 102K you're just jewing yourself. Either buy at 101K like you did, and sell at 140-150K for significant profit, then buy back in during the next bear. Or, swing trade, sell at 110K, buy back in at 105K, rinse repeat and increase your stack. What you're saying makes no sense, but I guess you will learn as you spend more time in the market.

>>60512899
AI already outperforms any of these anons lmao scalping is dead

>>60512857
>>60512846 (OP)
Let me save you some time and trouble with this piece of advice.
Just buy and hold BTC. That's all you've got to do.

>>60512886
>buy low sell high
This is NOT the /biz/ way. We buy high and sell low around here.

>>60512867
kek youre midwitmaxxing bigly (without knowing it I guess)

just do >>60512927

>>60513172
>>60512927 is a textbook example. Everyone between 90 and 120 IQ is exclusively DCAing and hodling Bitcoin right now.
Not that it can not go up some more, but it's certainly midwitery.