Six months of living on Bitcoin, thanks for making it possible nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle
https://zonemix.tech/blog/Living%20on%20Bitcoin%20%E2%80%93%20The%20Six%20Month%20Update
Discussion
bwhahahaha, what a joke. #strikesux
my money is still frozen, by them. they're worse than the centralized banks, and don't get me started on #coinos
and fuck #fold too. they all suck hard.
Damn inspiring! Thanks for sharing
Thanks for sharing! Strike makes a bitcoin standard a real possibility for us plebs.
🔥🔥🫶🏼🫶🏼
How? Share your experience
Meant to say, thanks for sharing!
Do you use a third party software in addition to your excel sheet for the year end tax gain/loss?
I only have bought/sold bitcoin on strike for 2025 so Strike handles the 1099-B, at the end of the year. For previous years, I did use Cointracker at times, but I’m trying to move away from all of that.
Also, to move away for previous years third party tracking, I can begin to enter all of the data from previous years in CSV format, organizing the data as I need. Will take a little bit of time, but have one giant excel spreadsheet of this and calculating the realized gain/loss is what I would need to report, but separating the calculation for long term and short term
Agreed. I have a csv of all buy/sells with cost basis. A couple issues I have with nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 (I think they’re working on this)
1. Inputting cost basis when you move coin onto strike to sell. Strike doesn’t have this feature. It makes the 1099 form nice and easy.
2. Strike defaults to HIFO cost basis. Which becomes a problem when you want to move coins off strike to cold storage. How do you know what that cost basis of those coins is? If it was FIFO it would be easier to determine. HIFO takes a lot more effort to accurately determine this.
I’m right there with you. Been living on a personal bitcoin standard since the beginning of this year, trying to slowly move the family over
absolutely inspiring! 🟠
Great report man! Thanks for sharing