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Joined 11 months ago
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Cake day: November 1st, 2023

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  • Completely Agree. Wish I sold my ETH and converted my #1/#2/#3 (BTC/ETH/SOL) to #1/#2 (BTC/SOL). It seems all but certain that there’s another MUCH more user friendly chain that will steal Market Capitalization.

    I’m sure ETH will do well this cycle (especially if the ETF pushes through), but the fees (and ‘clunkiness’) prevent me from wanting to do anything with it (besides sell). Wait, have I mentioned the fees?! 😕






  • Firstly, I just happened to see a notification from YouTube (Paul Barron’s channel) mentioning something about Robinhood reinstating SOL and other coins. So you might be able to just transfer your SOL there soon (instead of trading it for USDC or other tokens).

    Secondly, yes, you will need to report your staking rewards. There are a lot of different crypto tax apps to help you figure that out.

    Thirdly, do you need some tax loss harvesting from profits elsewhere? Not sure why you’re taking the loss? If you wait long enough, you’ll be back in profit. 🤷‍♂️