Official Investment Thread (Crypto, Stocks, etc)

neon 🍄

Feb 17, 2021

donalddrumpf

Hmm maybe, but a lot of buyers are wealthy crypto investors I feel like or people who got into crypto early

Btw for all those small coins u got, u still paying these crazy fees or just from last 6 months or so

yeah I think the NFT market will probably sink with crypto for sure

I only paid high fees for a few weeks in August and September before that all trades were a few bucks at most times of day and then afterwards it settled back down till January

neon 🍄

Feb 17, 2021

2 replies

using Koinly for my taxes last year

$100 for 1000 Defi trades seemed to be one of the better deals I found

JayS 🦄

Feb 17, 2021

1 reply

neon

using Koinly for my taxes last year

$100 for 1000 Defi trades seemed to be one of the better deals I found

Can you import all your transactions from different wallets and exchanges?

Let me know how it is. I need to decide what I’m going to do for 2020 and especially 2021.

neon 🍄

Feb 17, 2021

1 reply

JayS

Can you import all your transactions from different wallets and exchanges?

Let me know how it is. I need to decide what I’m going to do for 2020 and especially 2021.

yeah it has like 100 exchanges I think and then you just drop in your ether address for any defi stuff

it took me 10 minutes and it gave me my gains and losses for last year

now I just gotta sort thru 700 trades and make sure everything is right lol it's all listed though and it merged my multiple wallets into one easy to read page

JayS 🦄

Feb 17, 2021

1 reply

neon

yeah it has like 100 exchanges I think and then you just drop in your ether address for any defi stuff

it took me 10 minutes and it gave me my gains and losses for last year

now I just gotta sort thru 700 trades and make sure everything is right lol it's all listed though and it merged my multiple wallets into one easy to read page

I’m going to check that out. Does it generate tax forms too?

I was looking at cointracker cause I was filling out stuff on coinbase but it seemed pretty expensive

neon 🍄

Feb 17, 2021

edited

1 reply

JayS

I’m going to check that out. Does it generate tax forms too?

I was looking at cointracker cause I was filling out stuff on coinbase but it seemed pretty expensive

yup it generates the tax forms also

yeah I was looking at that also but $300 seemed very high and so far I haven't seen any issues with this site

going to try some different things like using Highest in First out accounting and see if I run into any issues

only issue I see is some lesser known coins have no trade prices but I have all the prices I sold stuff written down not a huge deal anything that's is Coingecko seems to be on there tho so that's most my trades

JayS 🦄

Feb 17, 2021

neon

· edited

yup it generates the tax forms also

yeah I was looking at that also but $300 seemed very high and so far I haven't seen any issues with this site

going to try some different things like using Highest in First out accounting and see if I run into any issues

Sweet. Keep us posted here 👍👍