$CASHCAT

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Total Engagement - Comments: 19, Retweets: 2, Likes: 24, Impressions: 2418

Verbatim Community Citations & Social Evidence 1 source posts analyzed

@reddit

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Do you only hold blue chip coins (btc, eth) or also mess with DeFi stuff (alts/memecoins/LP/yield farming)? Sticking to just BTC/ETH feels like the low effort route: you're not tracking a dozen positions across different protocols, and cost basis stays simple when tax season rolls around. The tradeoff is you're probably leaving upside on the table if you miss the right alt or LP position early. Going deeper into alts/memecoins/LPs/yield farming obviously has more upside, but it seems like a nightmare to actually manage. Between LP entries/exits, staking rewards, and moving stuff across wallets, tracking cost basis and reporting all of it correctly at tax time gets messy fast, especially with self-transfers rarely getting labeled right.

❤️ 2 likes · 🔁 0 retweets · 💬 3 comments 👁️ 200 views

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