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So btc has only gone down since you bought it?

If you buy btc, and value goes up, and you use it to "send cash" that is a gain.

BTC has stayed the same price for the duration of my transfers. It's just a few hours most of the time. There is also allowance in the law for this case - I don't need to declare anything unless I profit over $1k/year.

> for the duration of my transfers

What about for the duration of you keeping it in your wallet?

I buy it when I need to transfer (usually using a Bitcoin ATM) and then transfer it immediately - and sometimes I deposit it to the target wallet directly.

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