05 Jan BITCOIN TRADE WORTH IT??
Please shed some light on me
I’m a 28 year old construction worker looking for some advice.
Let’s say I had 1.0 bitcoin purchased at 30,000
If I sold at 32,000 at the day high, and re purchased it at 30,xxx and made $1000-$2000. Is it worth to keep doing this?
I am awake every day at the high and the low times of the coin. But let’s say in a perfect world I can buy at the low every day and sell at the high. Is this a realistic way I can “slowly” come ahead? I just don’t know about the taxes on bitcoin and how to pay them. And if I did say make $2000 in one transaction in 24 hrs by flipping it, how much should be set aside per say for taxes on it?
Please help out a hard worker thats looking for a break ha. Appreciate all of you and hope you have a great 2021.