After you’ve been doing on-chain transactions for a while, the thing you fear most is reconciling everything at year-end—seriously. The third time I filed my taxes, just sorting through wallet records took me two days; I almost threw my hard drive. Now I’ve learned my lesson: after every transaction, I screenshot it on the spot and add a note with the on-chain txid, or I use a small automatic bookkeeping tool—either way, I also label the gas fees separately. Bottom line: don’t assume your own brain can remember it all.

Those “social mining” fan coins feel great when you buy in—you get that rush—but by year-end you look at the airdrop and transfer records and everything is a mess, especially projects that claim “attention is mining.” Because they involve frequent on-chain interactions, if you don’t add labels, it becomes a nightmare in minutes. To put it simply, keeping records isn’t for the tax authorities—it’s for your own peace of mind. Don’t wait until year-end to panic and then regret it.