Quote Originally Posted by welshyoot View Post
Question for those who do this - Say you buy a bitcoin today at £8500 but then decide you want to sell it shortly afterwards - for argument's sake let's say the market hasn't moved and the value is still £8500.

It seems to me that the selling price is always a good few hundred lower than the buy price so you would need the overall price to go up £3 - 400 before you can even break even. Is this correct or am I missing something? I'm looking on localbitcoins.com.

In the case that you only want to buy and then sell part of a bitcoin, this then becomes much more difficult when you factor in fees etc. I don't quite get how people can buy low and sell high, when there's such a discrepancy between the two prices, unless you're spending massive amounts (and banking on the price rising significantly)...

Is it better to do this on an exchange like coinbase or somewhere like that?
Yeah, nobody ever talks about the fees and charges involved.