After being rug pulled once, my biggest PT​SD isn't losing money, it's that at the end of the year when I review my transaction history, I start questioning my life... Now I force myself to pull a report of CEX trades and on-chain transfers every weekend, put them into a spreadsheet, and conveniently label them as "deposit/withdrawal/exchange/ gas," otherwise on tax day you simply won't remember what that 0.37 ETH was for. On-chain is even more ridiculous; a couple of days ago, I found an approve in that 0x8f…2c1 transaction, and only then remembered it was for that "yield stacking" game where you stake and earn more, which basically means stacking layers of contracts until you can't even calculate your costs. Anyway, my current principle is very simple: I’d rather earn less than have no way to reconcile and explain every step, so I don’t get educated by the tax forms later.

ETH3.59%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin