The more I think about it lately, the more it feels like trading can lose money not just in profits, but also in taxes... So now I just, every time I rebalance or cross chains, casually toss the screenshots, the Tx hash, the time, and the in-and-out amounts into a table. Don’t say it’s too much trouble—by the end of the year, it really could save me. Otherwise, when the time comes, a pile of CEX deposits and withdrawals plus on-chain swaps will get mixed together, and looking back on it will be like solving a case.

A couple of days ago, that talk about whether the “ecosystem will migrate” before and after the upgrade of that mainstream public chain was going around again. I’m not going to guess whether it migrates or not. First, I want to clearly map out the asset flow paths—especially the kind that goes back and forth via bridges, which is the easiest to not match up.

By the way, my take on “long-term” is pretty inconsistent. When the market is going well, even a month counts as long-term. When things are messy, I feel like only if you can hold through a quarter without making moves is what you call long-term… I’ve got a set of reasons that sound good when I talk, but in practice my hands still stay mostly in cash, watching from the sidelines. At least the recording can’t keep being a mess anymore.