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Yung Zo

@yungzo

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40 Followers
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Yung Zo
@yungzo
I removed twitter and tradingview from my phone again. It’s all bad but i’m itching to read or view something.
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@yungzo
Crypto Taxes I bought the software to handle all transactions. It gave me some suggestions on tax loss harvesting so I sold some big losers to help offset my gains. I was able to lower my capital tax on gains to well below my projected number.
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@yungzo
Crypto Bear Planning I don't know if it's too early, but I'm already thinking about the Bear Szn. I don't plan on selling the little amount of $BTC I have, but would like to add onto it. I plan on selling my $ETH this cycle, but buying back in during the Bear Szn. Goal is to double my current stack during the Bear. I like Solana, because it's the "hotter" blockchain, but do I think it has staying power for next cycle? Possibly it does, but not sure what my plans are during the bear. Maybe I'll just keep my moon bag for Solana, but I won't be adding to my stack. For profits I make, I plan on rotating it into the Stock Markets then rotate some back to Crypto when the Bear Szn comes.
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Crypto Taxes I know I should hire a Crypto Tax Accountant or service. I inquired about it and I have a consultation setup in the new year, but I might cancel it. I think I found a Crypto Tax software I like (cryptotaxcalculator.io). I think it will do the job. My wife was a former CPA and has always done our taxes. The moment I told her we need to include Crypto Taxes this year, she told me to find someone else to do our taxes because there is no way she's dealing with figuring out all these transactions, transfers, trades, airdrops and what not. Then I told her the price of hiring a crypto specific tax person and she was like "hmmm... maybe I can do it". As long as I can get a good Crypto Tax software that integrates with CEX, DEX, and generates a file that can easily be imported into Turbo Tax... then my wife is game for it.
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@yungzo
Crypto Portfolio I'm actually at a new portfolio ATH. Last years mini cycle, I cashed out. I put money aside just for taxes since I cashed out of everyting except $BTC and $ETH. Eventually I got back into the market and tried buying into $SOL and $WIF. I had remaining profits that I ended up rolling into Stock/Equities. It wasn't till after the election, I literally added new CASH (even thought I said I'd try not to) and went fully risk-on. I have my early sell targets, but hoping those start selling next year. I need a good reminder of what my portfolio ATH last year was vs current. I'm UP, even though it doesn't feel like it or I want it to be up more... I literally am UP. I can't get greedy. There's hopefully more time and I better make sure I lock-in my first sells as they will basically make my bags free rolls.
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@yungzo
Irrational (at the moment), but What if..... My exit plan never gets triggered, because my targets never get hit!!! LOLOL that's the crappy side of this waiting game. However, the there is less volatility and it helps that I do have a plan, so I'm anchored pretty strongly at the moment.
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@yungzo
Crypto Waiting Game This is the part of the cycle where certain categories are pumping and certain coins aren't. Is $SOL the new $ETH, and $XRP the new $SOL? I've seen $XRP pump, Defi coins pump, and my $SOL bag not get past it's recent ATH. This time last cycle, I would of FOMO'd and probably sold and tried to rotate. This cycle, even though it's not fun sitting on my hands... My coins will have there turn. My $ETH stack finally moving. I will say that I do plan on rotating some of my $ETH next year (tax purposes) into some newer L1's that were not really part of last cycle's big run-up.
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Ok, I just purchased on Amazon. Value too good to pass up. My kids don't really like pepperoni and the marinara sauce. I'll try making them cheese only pizza! Hopefully this will make them like it.
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@yungzo
I see a good deal on an outdoor pizza oven. It’s not top of line but I think good for someone starting and wanting to try pizza making and baking as a hobby. Amazon has a deal on a pellet oven for under $70 and can get accessories (cutter, spatula, etc) for $15. Do I necessarily need one? No, but the price makes it easy to say Yes!
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@yungzo
Thanksgiving Stuffings! I'm really indulging and binging! Thanksgiving Dinner was nice. My entree meal was straight protein (turkey, beef, ham, some carbs from lumpia and cornbread). However, I went crazy on dessert. I really went ham on it. I didn't feel stuffed where you over do it. I did it just right. I enjoyed a cup of coffee at night as well. Then you have the day after Thanksgiving. I really just went crazy on left overs and sweets at the house. Today I don't feel as good bout eating all this stuff, but I'm literally binging hard right before bed. OK OK OK, I really have been good at what I eat. I also try to be flexible. I've also been sick, so it's just really easy to just allow myself. I will clean this up and I'll be back to my normal routine soon.
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Time for Reflection I'm still busy here at WFH life, but i'm making time to just be Thankful and show gratitude. My poor wife got sick earlier this week and she called it too. She's doing better, but I feel bad. I'm almost recovered from whatever I had. I'm no longer coughing as much. No sore throat. I still have some symptoms of pink-eye which is highly contagious, so I'm extra careful with everyone around me. I'm here catching my breath and honestly Thankful for everything I have. I complain about work, but I'm fortunate to have work when others are struggling. I'm fortunate to have money that can be invested and saved. I have my wife and my kids. Everything's great when I zoom out and I actually take the time to appreciate what I have going. Even though I stress about money, we are fortunate enough to have money. My wife can be a Stay at home wife/mom for the kids and I'm able to work from home. We have emergency money in case something happens.
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Crypto Targets and Exits This is a placeholder post and a reminder of thoughts I have lingering. One thing I’ve noticed is that psychology of greed is real. It’s easy to see TOP PRICE TARGETS in CT and think “I’ll cash out everything at this target” The problem is, the price target never gets reached and your stuck holding your bag feeling salty and only capitulate when your near or below cost basis.
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Work + Life Balance I’ve been sick this whole week. BP been off and on normal, high normal, and stage 1 hypertension. Sore throat, coughing, phlegm, etc. Marketing team has been trying to push really hard to launch something but kept getting hit with roadblocks and I’m the only dev, lead dev, supporting them and we finally got it launched. I told my manager that after we launch i’m knocking out because I’ve been sick. Went out to lunch with my wife and kids, came home then crashed till end of work day. I need to find a way of handling this work life balance because it’s all work and stress for me lately. I’m not looking ti make life changing FU money in crypto, but i’m certain I’ll have enough for 2 years worth of emergency money. That’s what I’m planning for.
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Health & Fitness I've ran into a slight scare on my end this week. I woke up with heart palpitations and just felt off. Head pressure, neck tension, etc. I also caught whatever bug my kids had this weekend: sore throat, raised temp (but no fever), post nasal (phlegm). This prompted me to take my blood pressure and boy oh boy was it way higher than what I'm accustomed to. Based on the app I use, I was Grade 1 Hypertension. I'm usually at Pre-Hypertension at most, but this was high. What caused it? I attribute multiple factors, but here's my thoughts: - Work Stress - Crypto Stress (LOL) - Family Stress (Kids and dogs) - Being "Sick" - Large amounts of Caffeine intake
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It's been a busy day. I really could drink a nice cold one. Working on Black Friday promo stuff for work. It's always one big project another another and I know I'm going to get burnt out again.
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@yungzo
Another reminder to myself to ZOOM OUT often. It’s easy to get caught up of a few days (weeks and months) of Up Only. Then days that the market pulls back a little, we all get salty! 1. Is your portfolio value larger then when it the run up started? 2. Are you doing any capital preservation? 3. Are you planning for taxes, capital re-entry and profit exit (lock it up)? There are some things i’m reminding myself early in the run. I don’t want to paper chase and also be salty at other peoples success. We’re all here trying to do the same thing. If I have a plan and follow it, then that’s all that matters because it’s far too easy to round trip and be drunk with greed,
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@yungzo
Posting here, because the noise here is much more subtle and my mind is much more clear in this part of the web. The only MEME/DOG coin I've invested in this cycle has been $WIF. I got in pretty early when I first started buying, but it was more so for play money and ran $1,000 up to $8,000 when it hit over $1, $2, $3 etc. Eventually rolled it back into $SOL then I cashed out during the correction POST $BTC ETF narrative. I re-entered during the bear and put in another low 4 figures on this coin, decided this would roll back into $SOL once it pops eventually. One of the "things" I looked forward to is when it got listed on Coinbase. Coinbase officially listed $WIF, which could explain its pre-pump yesterday and right now it's over 30%. I still think it's too early to cash everything out, but it's a serious time to look at targets and frequency of cashing out.
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So much noise today. I have to do a demo for the marketing team this morning. I'm starting to get hit up by last cycle participants. I'm getting noti's for BTC hitting new ATH, but I can only focus on $COIN being down today.
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*breath* That's part the bull cycle. The feeling of Up Only feels like it should be forever. The moment there's small pullbacks of even 3% and it's like all hell. LOL
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Even though I still hold some doubt, I need to remind myself WE ARE IN A BULL RUN! I've seen BTC climb to 82K before bed. I woke up and saw notifications for 83K, then 84K... most likely 85K later this morning. I've already went risk-on and, NGL, started "CHASING" but have plans to cash some by EoY (I pray and hope I don't deviate too much from plans). I had small/mid cap stocks I went in on last quarter that were up, but I didn't cash out and they dipped hard because of "soft" guidance. I cashed out of those positions and to make up for the losses, I literally put it all into $COIN on Friday and it's already paid off. ☑️ Cash some of the cost basis ☑️ Cash out often, scheduled, towards March/April (for taxes)
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