I for one will never use cryptocurrency again unless it's a digital token backed by the Federal Reserve that is tied to the dollar. I'm having to go to a crypto tax advisor because trying to use taxbit isn't cutting it because the coins I mined years ago dogecoin and Litecoin then transferred to kraken to sell early last year should be long term capital gains but I don't have the original core wallet addresses but I do have some a few years back because I've switched computers least 3 times and created new wallets to bounce the coins back and forth between different computers. Plus I never told IRS that I ever mined or owned crypto which they first started asking a few years back on tax prep sites. Basically I might have to claim short term capital gains but maybe the crypto tax prep pro will help me assign those as owned for over year....
Basically it's a fucking nightmare and fuck crypto. I could have made 60k more if I held a little longer last year but making 10k+ off basically a hobby mining a long time ago is better than nothing. Bitcoin doesn't even solve it's original problems that it was designed to do which was fast transactions around the world and low cost of sending. It is complete opposite now with high fees and long wait times.
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