Bitpay just got retarded: $2 of network cost while… oh wait, something is happening to mempool! 20 megabytes in 4 hours!
Supposed every day I make a trade. If Bitcoin went up since yesterday then I sell 1 BTC, if it went down since yesterday then I buy 1 BTC. Will this strategy make me a profit in the long term? Assuming I have enough reserves in both fiat and Bitcoin to buy or sell several consecutive times.
I created a post earlier about this & apparently it has already been flagged for deletion. If you go to [coinmarketcap.com](https://coinmarketcap.com) with no A/V or adblocks enabled which is how my system works due to running linux. Yes I could use ClamAV with a chrome adblocker enabled, but if I did I might not have noticed this. I’m not saying that anything untoward is taking place here, however one website using up 21% of my AMD A12-9800 processor is a little strange to say the least. I’m just wondering if a little mining is going on in the background & thought that I would highlight what I have found.
Stupidly sent entire wallet to wrong address, forgot I was holding in USDT and not BTC, I know stupid!! Anyway, I’m over it.
The thing is I don’t have a clue as to what to do with my taxes now.
I’ve made roughly 15 trades. Only two successful both I gained in-between $1000 – $1500. All other trades I lost much smaller amounts.
Finally when I lost my entire wallet it was about $4500 USD.
From what I understand I will have to pay taxes on the two trades that I made roughly $1000 on. Ideally i’d like to not report anyone of this and forgot this nightmare but Idk how screwed i’d be.
TLDR: Sent entire wallet to wrong address and lost everything. I don’t know what to do when tax season comes but I’m considering not reporting anything crypro so I can just forget about this nightmare.
I’ve been wondering if I could get a bitcoin wallet, and put (for example, $50 worth of bitcoin in it) and use that to buy stuff online?
It’s because of my inability to use PayPal
all the time as it belongs to my friend, and I do not have one because I do not have a credit/debit card, so I was wondering if there was like a 3rd party that would take my BTC and turn that into regular dollars and redirect them to the site?
I’m mostly wanting to spend on sites like Azure, and DigitalOcean for servers that power my website,
but I can’t just keep asking my friend to use his PayPal and pay him back in cash every month.
Are there any services that do that? or maybe other ways to accomplish what I need?
PS: I’m relatively new to Bitcoin, having only heard about it, I never used it before this time, so I apologise if I said something wrong or incorrect, or just misunderstood how Bitcoin works.