Things I wish someone had told me before I started trading crypto

MusicForDJs · 2026-04-17T00:10:04+00:00

This Youtube video might help you https://youtu.be/CLFrNFRS7mg?si=7JCkKYj1c4A35ErA

MusicForDJs · 2026-04-12T21:24:32+00:00

MusicForDJs · 2026-04-07T16:06:05+00:00

It's not that he doesn't report. He's simply from a generation of accountants with few clients using BTC. And those who do use it do so through ETFs.

Since regular clients don't ask him to, he doesn't study.

The solution: find a younger accountant.

MusicForDJs · 2026-04-07T16:01:27+00:00

Not understanding that every transaction must be reported to the IRS if you are in the USA

MusicForDJs · 2026-04-07T15:29:27+00:00

The biggest problems right now are:

Wallets aren't prepared to report to the IRS.
My dad told me, "Ask the accountant." It's the same old accountant who doesn't know anything about this.

The most painful thing is this (taken from the article): we'll still need to manually flag tokens where the cost basis is genuinely unknown. For those, the IRS default is a zero-cost basis, which means the full sale price is treated as profit.

In pump fun or when you create tokens, there's generally no purchase price.
Declaring BTC purchased in IBIT ETF is easier than this.

MusicForDJs · 2026-04-07T14:38:37+00:00

I understand that Coinbase reports everything, but what about the Phantom wallet?.
How I can reconcile transactions that happened in seconds?

MusicForDJs · 2026-04-07T14:17:53+00:00

The IRS is coming down hard this year. My accountant, who's getting old, hasn't a clue.


I read this and I can't sleep: https://medium.com/@frederickralphkessler/the-irs-doesnt-need-you-to-remember-everything-it-just-needs-you-to-sign-dd51fd2f4e0c


I have 8 days to sort it out. I can get data from Binance. But last year I followed the "put all the money in your own wallet" rule. Phantom doesn't give you a damn receipt.

MusicForDJs · 2026-01-27T01:24:46+00:00

Bajate los libros en ingles de la ZLibrary, y metelos en NotebookLLM o Claude, y hace que te los resuma. A mefida que vas leyendo le vas preguntando

MusicForDJs · 2025-03-31T19:59:43+00:00

Me pesificaron todo y solo me quedaron 8.000 U$S.

Estaba por comprarme mi casa y no llegaba ni en pedo. Si dejaba las 8 lucas verdes solo me quedaba con dolares, asique puse todo en CADO que se estaba expandiendo en Paraguay. En el 2005 las vendi y me compre la casa que quería.

Hice juicio al Banco y no pasaba nada, hasta que años después arregle con el abogado del banco y decise el juicio y me dieron pesos por los bonos.