your principal investment back, and profitability is on a downward trajectory from day one. However, trading is extremely risky and is accompanied by a massive amount of stress, and catching falling knives, as the name suggests, is a very dangerous game because you can cut yourself badly. We need to check the transfer cost, as it can often take up a huge part of the profit. There are situations where the exchange requires, for example, 1,400 confirmations and in the explorer, you can see that one confirmation is on average once every 10 minutes. If the opportunity is big enough, and you have enough liquidity, you can do instant trades, pay the fees on both sides, and make a smaller profit per bitcoin, but make a bigger profit overall, by doing larger trades. Sometimes even with the 1 fee on each exchange, you can still make good profits. The problem with this method is that bots and other traders might see your bid and change their price to go in front of yours.
If you have bitcoin and Rand, you can deposit the Rand into the exchange with the cheapest bitcoin price, and deposit the bitcoin into the exchange with the most expensive bitcoin price. So, what strategy to choose for difficult times? Significant price differences arise for the same cryptocurrency on exchange bitcoin to cash multiple exchanges. You will need to have some funds in either fiat currency like Rand, or bitcoin, but even better would be to have funds available in both currencies. Purchase of too many coins on exchange A, which results in the lack of ability to sell the whole amount on exchange. How about if we bought BTC when its price was 8,000, 9,000 or even 15,000 a coin, and ever since the beginning of 2018, the value of our investment has fallen every day? Get around this by changing your price again so that you go ahead of their price.