Does it make sense to sell everything and buy back immediately to simplify cost basis since they are no wash sales with cryptocurrencies.

For the past few years, I’ve been using a paid service (Koinly) to help track my transactions. That was mainly because I started trading both with bitcoin and altcoins.

If I sell off everything and buy back, can I just treat the purchase as a blank slate in my cost basis?

I want to simplify the tracking and not rely on another service, and I also more or less want to go full hodl strategy.

Thoughts? Last year I had some losses (oof) so I could use capital gains from the upcoming year to offset some.

I know this question is somewhere between tax preparation, btc, and altcoin. Hoping that’s okay! Would be nice to know how everyone else have been tracking theirs.