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Lately I’ve been feeling more and more that if you don’t keep records in advance for tax reporting, you’re really asking for trouble at the end of the year… My current method is pretty crude: every time I do a large exchange/ cross-chain/ claim an airdrop, I just take a screenshot + put the transaction hash into a spreadsheet, with a note saying “what’s this for,” so I can remember later. Otherwise, it’s all about “why did I buy/transfer this at the time,” which is a real soul-searching question.
Others think that playing on-chain is just clicking a few times for airdrops, but in reality, it’s like keeping a small ledger of transactions, missing one can really mess you up. Recently, I keep seeing discussions explaining crypto rises and falls using ETF capital flows or US stock market risk appetite. Honestly, macro is macro. My KPI is just one: complete documentation, and don’t lose your cool… Let’s leave it at that.