Row 74173

Row ID: 74173 | Dataset Entry | Axioma AXP Content Repository

Content Data

This page contains data entry 74173 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

Mostly because I didn't want to get in the crosshairs of the IRS. With the ETFs, everything is done by your broker and you get a form. As long as you file using the form, you are good to go.

For probably about 5 years, I did self custody. Started in 2017. And, while I did my best to keep records, there was always this nagging thought in the back of my head that any IRS flunky in cubicle 23 could make my life a living hell despite my best intentions.

(Note: There are better online tools now for tracking capital gains using the blockchain than there were back when I started. I literally tracked on spreadsheets. Probably thousands of transactions).

The other aspect is my wife isn't as crypto savvy as me. And I didn't want her to have to deal with it in the event of my untimely demise. haha Yes, the self-custody purists will say "well just teach her how" but that's not always foolproof either.

I was out of crypto from 2022 well into mid-2023. When the ETFs launched, it was a no brainer for me. I still think self custody is a defining selling point for BTC. But, for some, it's more prudent to delegate custody to a third party. In my case, I simply decided the benefits of the ETFs outweighed the benefits of holding my own keys.

FieldValue
text Mostly because I didn't want to get in the crosshairs of the IRS. With the ETFs, everything is done by your broker and you get a form. As long as you file using the form, you are good to go. For probably about 5 years, I did self custody. Started in 2017. And, while I did my best to keep records, there was always this nagging thought in the back of my head that any IRS flunky in cubicle 23 could make my life a living hell despite my best intentions. (Note: There are better online tools…
label r/bitcoin
dataType comment
communityName r/Bitcoin
datetime 2024-05-24
username_encoded Z0FBQUFBQm5Lak1oeUhGc1BMUGV4eXJLVEJZN2dlNkFVZjE0RzdMaTAzc09OZjNPYWVISVMtRHRCdEZvNl9TcWhxdDBiRzVlWnp1NmR0N2JhazBINGJYYjlQQllON1Z1NVhKaldwaTBpNDZXLW9BQ2NWaUc2aE09
url_encoded Z0FBQUFBQm5Lak95TWIzRzdVM3M2a3h2UW1tWGF6LXZLeU9FTXJXSk9RWF9QTjdvNGpDb2pWY3RXSk5McjRaUExhMDRaU2VIMEJTS05qMm1JMjVOUGVINjYzZWVTSHlsSWhYYmVWY1J2RHlHS1J1U1ZrOG9lMi1Vd3JTZ1BnQTFmLTFfZFh5YURnWURzbG9PT3RZWTd6a3lJR3h2d3o1RjhJa0tXYkN0RWxsT21GYVRVWWo5LUlwMGNvWDBFLXhlRUExSVRNeTVubTQ3Qk1FRlZiNmUtek1LV2JZSHJ6Vzd1QT09

Raw Record

{
  "text": "Mostly because I didn't want to get in the crosshairs of the IRS.  With the ETFs, everything is done by your broker and you get a form.  As long as you file using the form, you are good to go.  \n\nFor probably about 5 years, I did self custody.  Started in 2017.  And, while I did my best to keep records, there was always this nagging thought in the back of my head that any IRS flunky in cubicle 23 could make my life a living hell despite my best intentions.  \n\n(Note: There are better online tools now for tracking capital gains using the blockchain than there were back when I started.  I literally tracked on spreadsheets.  Probably thousands of transactions). \n\n  \nThe other aspect is my wife isn't as crypto savvy as me.  And I didn't want her to have to deal with it in the event of my untimely demise.  haha   Yes, the self-custody purists will say \"well just teach her how\" but that's not always foolproof either.   \n\n  \nI was out of crypto from 2022 well into mid-2023.  When the ETFs launched, it was a no brainer for me.  I still think self custody is a defining selling point for BTC.  But, for some, it's more prudent to delegate custody to a third party.  In my case, I simply decided the benefits of the ETFs outweighed the benefits of holding my own keys.",
  "label": "r/bitcoin",
  "dataType": "comment",
  "communityName": "r/Bitcoin",
  "datetime": "2024-05-24",
  "username_encoded": "Z0FBQUFBQm5Lak1oeUhGc1BMUGV4eXJLVEJZN2dlNkFVZjE0RzdMaTAzc09OZjNPYWVISVMtRHRCdEZvNl9TcWhxdDBiRzVlWnp1NmR0N2JhazBINGJYYjlQQllON1Z1NVhKaldwaTBpNDZXLW9BQ2NWaUc2aE09",
  "url_encoded": "Z0FBQUFBQm5Lak95TWIzRzdVM3M2a3h2UW1tWGF6LXZLeU9FTXJXSk9RWF9QTjdvNGpDb2pWY3RXSk5McjRaUExhMDRaU2VIMEJTS05qMm1JMjVOUGVINjYzZWVTSHlsSWhYYmVWY1J2RHlHS1J1U1ZrOG9lMi1Vd3JTZ1BnQTFmLTFfZFh5YURnWURzbG9PT3RZWTd6a3lJR3h2d3o1RjhJa0tXYkN0RWxsT21GYVRVWWo5LUlwMGNvWDBFLXhlRUExSVRNeTVubTQ3Qk1FRlZiNmUtek1LV2JZSHJ6Vzd1QT09"
}
Explore Dataset Explore Row

Entry Information