You shouldn't get into crypto OP.
I'm saying that with 100% seriousness.
You don't have the heart or patience and not having either means you'll end up losing money.
Should i buy btc ?
I mean, holding is fine for a lot of people, particularly if you don't have the time. But if you think that there won't, at some time, be a drop after ~4 days of straight upward movement, in the very near future, then I don't know what to tell you. Taking small amounts of profit, not selling everything, is a very sensible thing to do in this situation.
What do you suggest to do with 3k ? Sounds a good idea to me to just jave 3k in btc.
this
Unless those 3k are just lying around and you don't really care for them, DON'T BUY BTC
how do you daytraders handle taxes?
making "small" profits and reinvesting can seriously bite you in the ass, even if you made nothing but profits all the time.
you don't cash out
Wrong
That's not day-trading, and I don't know how people who use bots/day-trade do handle transaction recording for taxes (to say it's "automated" is too general).
Although, with a bot, you'd probably have a record.
This one knows the truth.
My bots doing trades at the mayor exchanges make reports in simple output files, these, while not completely without human (my) help can be transfered to my accounting program of chice.
Yesterday i traded for a bit over 1000BTC volume, making 19BTC profit with my bots. The tax part takes about 3-4 hours, as there are several 100 000 transactions, and about 4% of them gets recorded in a way, that the resulting output is not compatible with the input functions of my accounting program.
>T. CryptoHaxor