Lately, “year-end reporting” has been freaking me out a bit. To be blunt, it’s not that I’m afraid of paying taxes—I’m afraid of having to dig up old records until it just breaks me. So now I do my best to keep a record every time I switch positions, move across chains, or enter/exit DeFi: export the exchange transaction flow logs and save them to the cloud drive; on-chain, also jot down the txhash, the time, the counterparty, and a brief note about what I was roughly doing at the time. Otherwise, a couple of months later you won’t even remember whether that move was arbitrage or just an accidental slip.

Lately, the group has been going wild circulating news about stablecoin regulation, reserve audits, and rumors that it’s about to de-anchor. Once emotions get going, people want to make random position moves… but right now I’m even more reminding myself: the more it’s like this, the more you need to leave a trace for every step. With all those MEV shenanigans—spikes/captures and rollbacks once things get stirred up—you might end up not being able to calculate even your cost basis. That’s it for now—don’t wait until year-end to say, “I’m breaking down.”