0xCryptolord | CryptofolioApp (@one_crypto_lord) 's Twitter Profile
0xCryptolord | CryptofolioApp

@one_crypto_lord

Part-time marketer. Full-time adventurer. Former banker turned HODLer. Serial entrepreneur. Follow for progress updates on @CryptofolioApp.

ID: 1374902177043525634

calendar_today25-03-2021 01:53:23

2,2K Tweet

655 Takipçi

196 Takip Edilen

0xCryptolord | CryptofolioApp (@one_crypto_lord) 's Twitter Profile Photo

A lot of people are kicking back with a brewski after submitting taxes. You deserve it. But don’t miss the chance to learn from the clusterf*** that were crypto taxes 2026. Get better tools so you can work smarter, not harder, next year. For me, that’s Cryptofolio.

0xCryptolord | CryptofolioApp (@one_crypto_lord) 's Twitter Profile Photo

We’re tracking portfolios, not managing assets. You shouldn’t need to provide any personally identifiable information or overreaching API connections. If other tracker apps require this, ask yourself ‘why?’ If we were hacked tomorrow, they could see balances but nothing else.

0xCryptolord | CryptofolioApp (@one_crypto_lord) 's Twitter Profile Photo

I reran my wallets through Cryptofolio and saw how much I spent in gas from NFTs and DeFi during 2021 and 2022. Over $2,100 in ETH. DeFi summer was a blast. Ofc CoinStats says my all time gas fees are $14 throughout 9 years in crypto lmao

0xCryptolord | CryptofolioApp (@one_crypto_lord) 's Twitter Profile Photo

Y’all have no idea that energy you feel when you get close to launching something you’ve been working on for 1+ year. Nothing like it. Hope y’all love it. If you do, we want to know. If you don’t, we want to know why. cryptofolio.ai/?utm_source=tw…

0xCryptolord | CryptofolioApp (@one_crypto_lord) 's Twitter Profile Photo

This space has felt like there’s no safe harbor lately. Mass exchange liquidation events. DeFi protocol hacks every other week. I’ve just been keeping my tokens in cold storage and letting the dust settle. Tbh, I’ve been worried about AI and hacking. Hackers have always been a

0xCryptolord | CryptofolioApp (@one_crypto_lord) 's Twitter Profile Photo

DeFi has had ~$600m hacked this month and half of these protocols are still in limbo. Kelp, Drift, etc. The tokens are sitting in your wallet but you can’t touch them, can’t sell them, nor move them. This gets really messy from a tax perspective. As long as the tokens have paper

0xCryptolord | CryptofolioApp (@one_crypto_lord) 's Twitter Profile Photo

DeFi will tread on, but $600m in hacks over just the last month has sure sucked the air out of the industry. Risk/reward profiles change and we’re all ultimately responsible for our own portfolios. Make decisions that help you sleep at night.

0xCryptolord | CryptofolioApp (@one_crypto_lord) 's Twitter Profile Photo

Dex aggregator transactions are incredibly complex to track. Didn’t know how complex until we dug into it. I was swapping SOL straight to ETH on an aggregator all year. Or so I thought. Looked through the actual txns at tax time and almost every one of them routed through USDC

0xCryptolord | CryptofolioApp (@one_crypto_lord) 's Twitter Profile Photo

Been working on how Cryptofolio handles stablecoins lately. Harder problem than I expected. Our first dev team hardcoded stables' values to 1 USD. The SVB depeg down to $0.87 in 2023 is a prime example why this doesn't work. You also can't pull live prices from one oracle

0xCryptolord | CryptofolioApp (@one_crypto_lord) 's Twitter Profile Photo

This is most of us this year. Rough cycle for alts, pretty solid returns on the tradfi side. Didn't think about pairing them up until we started building the loss harvesting flow and I ran my own numbers. Turns out I had more dry powder in realized losses than I thought. Needed

0xCryptolord | CryptofolioApp (@one_crypto_lord) 's Twitter Profile Photo

Spent too much time this week working on how the app identifies harvestable losses. The thing that keeps jumping out is how many tokens sit in “dead” wallets. Explored a few wallets myself on my old phone 5 years back. That’s how you can really hack your tax bill down.

0xCryptolord | CryptofolioApp (@one_crypto_lord) 's Twitter Profile Photo

It’s important to pay your taxes. But you shouldn’t pay a cent more than what you owe. Cryptofolio helps crawl through all those wallets you stopped checking in 2022 and find those losses that can lower your tax bill today.

0xCryptolord | CryptofolioApp (@one_crypto_lord) 's Twitter Profile Photo

We rebuilt a lot of our accounting engine around this. The FIFO math isn’t the hard part. Keeping track of which wallet each lot actually lives in after a year of transfers, swaps, and bridges move things around is. The rule took a day to understand. The engineering took

0xCryptolord | CryptofolioApp (@one_crypto_lord) 's Twitter Profile Photo

Friend asked me why he should bother with a tracker when he already has debank and koinly. Plugged his wallets into our engine. Discovered that if he’d sold ETH from a different wallet than he did that his tax bill would’ve been $2.5k lower this year. That’s just one

0xCryptolord | CryptofolioApp (@one_crypto_lord) 's Twitter Profile Photo

Reading threads on subreddit /defi. OG who’s been in the space since 2020 was asked the best app for portfolio tracking. He says the current ones are shi* and he tracks everything in excel. At least those are numbers he can trust. This is what we’re working on. With haste.

0xCryptolord | CryptofolioApp (@one_crypto_lord) 's Twitter Profile Photo

Went through the 2025 form and instructions line by line when we were building our export last month. The old boxes for stocks didn’t fit crypto, so the IRS just added new ones. A and B if there’s a 1099-B, C through F for everything else that isn’t crypto, G through L

0xCryptolord | CryptofolioApp (@one_crypto_lord) 's Twitter Profile Photo

Open your portfolio tracker right now. Find a token you bought on a CEX and transferred to a wallet. What's the cost basis show? If it's $0 or blank or weirdly low, your P&L for that position has been wrong the entire time you've held it.