Can I buy and sell Bitcoin on the same day? For many investors, this issue is both attractive and hidden in uncertainty. With the volatility of the cryptocurrency market and the ever-changing trading environment, what challenges and opportunities does the possibility of buying Bitcoin on the same day mean? This article will delve into it from multiple angles and reveal the charm and risks of buying and selling Bitcoin on the same day.

 Instant changes in the Bitcoin market

In today's digital era, the Bitcoin market fluctuates rapidly, and the price rises and falls like a roller coaster. Buying Bitcoin on the same day often means being immediately exposed to this fierce trading storm. Taking May 19, 2021 as an example, the price of Bitcoin experienced a plunge of about 30% in one day. This violent fluctuation stunned many investors. In such a market environment, buying and selling Bitcoin on the same day is undoubtedly a high-risk gamble.

 The temptation of instant trading

However, it is this high-risk, high-reward feature that attracts many investors to join the ranks of Bitcoin trading. By buying Bitcoin on the same day, you may be able to realize huge profits in a short period of time. This temptation of getting rich instantly makes many people excited. There were once investors who snapped up Bitcoin during a brief surge in price and ultimately succeeded in making huge profits. The charm of this instant transaction is fascinating.

 Risks and Challenges of Trading

 Technical analysis and decision-making

Technical analysis is particularly important when faced with the decision to buy or sell Bitcoin for the day. By analyzing market trends, trading volume and other data, you can more accurately grasp the pulse of the market and make more informed decisions. Through in-depth research on the price trend of Bitcoin, an investor successfully seized the opportunity of price fluctuations and achieved an investment counterattack. The importance of technical analysis is self-evident.

 Risk management and mentality adjustment

In addition to technical analysis, risk management and mentality adjustment are also crucial. When buying Bitcoin on the same day, you need to have a clear stop loss plan and risk control strategy to avoid falling into irreversible difficulties due to market fluctuations. At the same time, maintaining a good mentality is also the key to successful trading. Only by calmly responding to market fluctuations and not being dazzled by short-term profits can you remain invincible in fierce trading.

 Conclusion

In this turbulent trading environment in the Bitcoin market, buying Bitcoin today is both a challenge and an opportunity. Investors need to remain rational amid high risks, grasp the pulse of the market, and make wise decisions. The charm of instant trading is tempting, but it also comes with huge risks. Only by acting cautiously can you win in this digital currency arena. I hope every investor will seize opportunities, meet challenges, and achieve his or her own wealth legend in Bitcoin trading.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Nowadays, it can be said that people from all walks of life want to invest in Bitcoin, mainly because the return on investment of Bitcoin is as high as 22.1725 million times. Such a high return rate can be said to have attracted the attention of investors. According to data, before Many investors who invest in stocks have also begun to enter the currency circle to speculate in Bitcoin. However, although these investors have experience, they do not understand some of the rules of Bitcoin trading. Among all the rules, these investors are most concerned about Can I still sell Bitcoin if I buy it on the same day? Below, the editor of the currency circle will tell you in detail whether it is possible to sell Bitcoin on the same day when speculating on it.

 Can I still sell Bitcoin if I buy it on the same day?

Bitcoin can be bought on the same day and sold on the same day, because the Bitcoin trading rules are 724 hours trading at any time. Bitcoin trading is 724 hours trading. It can only be settled at 16:00 (UTC+8) every Friday or Trading will be interrupted during delivery. In the last 10 minutes before delivery of a contract, positions can only be closed but not opened.

After the user opens a position and completes the transaction, he or she will own the position, and the positions of the same type of contract in the same direction will be merged. In a contract account, there can only be a maximum of 6 positions, namely long position in the current week's contract, short position in the current week's contract, long position in the next week's contract, short position in the next week's contract, long position in the quarterly contract, and short position in the quarterly contract.

 How much is the handling fee for buying and selling Bitcoin?

The transaction fee structure is built into the Bitcoin network rules and depends on the (standard) client recommended by the system.

In the underlying protocol of Bitcoin, there is no clear stipulation on the specific amount of Bitcoin transaction fees, but it requires that the total input in the address is not less than the total output, that is, the total number of Bitcoins in your wallet must be greater than the transfer amount and the fee amount. and. This is very simple to understand. You only have 10 yuan, and transferring 10 yuan requires a 1 yuan handling fee, which means you have to spend 11 yuan, 10-11=-1. Naturally, this transaction cannot be completed. .

The level of Bitcoin transaction fees is determined by factors such as the size of transaction data and the number of transactions. Bitcoin follows the UTXO model, and each transaction contains several transaction inputs and transaction outputs. In fact, the way each unspent transaction output is composed depends on your transaction input. When you need to transfer 1 Bitcoin to another address, it may be composed of 5 0.2 Bitcoin in your transaction input. Composed, it may also be composed of 10 0.1 Bitcoins.

Generally, an ordinary Bitcoin transaction consists of one input and two outputs (transaction output and change output), about 200 bytes. If calculated based on the default charge of 0.0001 Bitcoin per 1000 bytes, then a Bitcoin transfer procedure The fee is approximately 0.001-0.002 Bitcoin. However, when a single input is not enough to pay for the output, the above-mentioned problem of multiple transaction inputs constituting unspent output will occur, and at this time its data volume will become larger. The more complex the composition of the unspent transaction output is, the more bytes need to be processed, and the higher the handling fee accordingly.

Today's Bitcoin wallets can intelligently adjust the handling fee to the best price based on network data when making transfers. If your transaction urgently needs confirmation, you can also increase the handling fee by customizing the fee.

The above is the relevant content about whether it is possible to buy and sell Bitcoin on the same day. From the above content, we can know that there is no problem in buying and selling Bitcoin on the same day. In this currency circle, the editor reminds investors that they should not be hesitant when investing in digital currencies. , before buying or selling a certain digital currency, you must consider the investment strategy. The editor of the currency circle recommends that investors who are new to the currency circle should choose mainstream currencies for investment, and do not choose some currencies that are not even formal projects. Be certain before investing. It is necessary to review whether the digital currency official website, white paper, and project team are authentic.

However, behind every instant transaction, there are huge risks and challenges. The volatility of the Bitcoin market is extremely high, and prices may fluctuate violently in a short period of time, and you may suffer huge losses if you are not careful. After some investors purchased Bitcoin that day, they ultimately suffered a tragic failure due to sudden changes in market conditions. This risk cannot be ignored.