Money2theBank

The first mistake you made was going with a shit operation like Coinbase. They'll hold your money and release it after a week or so. They do this to ensure you have the necessary funds and that the transaction clears before handing over your bitcoin. The negative to going this route is the price of bitcoin is going to fluctuate between now and then, which means you'll either get more or less than you paid for initially. 

Go with Gemini or somewhere that allows you to make instant transactions instantly and send to the book. For now, you're stuck and have to wait it out. I'd honestly avoid Coinbase at all costs. They are basically a shill for the IRS. 

Yes, I file taxes on a yearly basis. But I've never done it for the cryptocurrency. I just assumed if I was always losing in betting each year that it didn't matter. I realize now it doesn't mean shit because I was still making a profit on BTC I was selling even though I would buy from the BTC I sold (that was located in my bank account) to refill my betting account. I'm at net loss when it comes to what I bought compared to what I sold but realize that doesn't matter to the government. 

Yes, I file taxes on a yearly basis. But I've never done it for the cryptocurrency. I just assumed if I was always losing in betting each year that it didn't matter. I realize now it doesn't mean shit because I was still making a profit on BTC I was selling even though I would buy from the BTC I sold (that was located in my bank account) to refill my betting account. I'm at net loss when it comes to what I bought compared to what I sold but realize that doesn't matter to the government.