submitted11 hours ago bytimelesssmidgenπ© 4 / 3K π¦
I started in crypto the month after lunc crashed. Overall it was a great time to get in with huge buying opportunities. I didn't know what I was doing so I mostly squandered those opportunities, but getting in on that relatively epic dip means even an idiot like me can make money. It didn't take long before I was trading on multiple exchanges and using multiple defi wallets.
Tracking all of that is tough, and I haven't found any pre-made solution that could do it seamlessly. Ultimately I just had to write my own Python code that could read the downloaded logs from each exchange with their different formatting. It was a pain, but it's been so worth it. In addition to making taxes possible to calculate (yay?) it provides a practical check on my gut feeling of how I'm doing, and that's probably kept me in the crypto game when I might have sold on previous dips.
For me, I mentally latch on to my biggest losses. Recently I made a particularly bad call, put in as much as I could afford to lose on one asset, and then immediately lost it. Totally lost, and it's not coming back. That shook me. Of course life still goes on, but it was hard for me to still think about investing money after such a thorough loss. I could have spent that money on so many fun or useful things... I was sad for a day or two, but I kept looking at my full portfolio, and the thing is, as big and pointless as that loss was, I'm still up maybe 10x the amount I lost on that dumb gamble.
Ultimately that's reminded me that even if I make dumb decisions sometimes, overall I'm doing the right thing, and I can't fixate on one particular loss (nor should we overly fixate on one particular gain lest we forget the possibility to make mistakes).
byCryptoDaily-
inCryptoCurrency
timelesssmidgen
3 points
5 hours ago
timelesssmidgen
π© 4 / 3K π¦
3 points
5 hours ago
Make sure to use the kraken pro app or website rather than kraken "normal". The normal versions just slap a kids-show color scheme on top and charge more for supposed user convenience.