@danjacksonuk
Good ideas, thank you. There is a German Telegram group is already available. Feel free to create a group in English and paste the link to get in here.
We do our best to answer all questions appear in reasonable time.
Regarding your topic. We do not recommend to track FIAT deposits and withdrawals at all. It is described here: Different ways of managing your portfolio (
https://cointracking.freshdesk.com/a/solutions/articles/29000018265/en)
The calculation of the gain is always sell value minus buy value. You spend "just" 8k and not 10k so far according your example.
Buy value of 4000 USD (2 ETH * 2000 USD - the ones left does not matter --> listed under "unrealized gain" as you did not sell them so far) minus 10000 USD (2 ETH * 5000 USD) which leads to 6000 USD gain (10000-4000). And you have your 2 ETH left which you have not sold yet.
See How does the CoinTracking purchase pool work? (
https://cointracking.freshdesk.com/a/solutions/articles/29000031793?lang=en)
Hi Andreas
Thankyou for the reply. I had actually already read both of them articles but to me this all seems really back to front and I just don't understand it. Surely you could build it in a way that if a deposit is made it would not include that in the average price and realised/unrealised gains calculations.
The $6000 gain you mentioned is completely right for ETH. I don't have an issue with that its only with the USDT coin.
For me both scenarios from the first link have flaws.
Scenario 1 -
Add deposit of $10,000. Positives are that in the summary section the correct amount of USDT and ETH show after the test trades. 2 ETH current value and $12k USDT ($10k deposit and the $2k profit)
Average Purchase price page I think is showing incorrectly. It shows my $2k coins in profit and that i paid $2k for them. I didn't pay anything for them because its profit so the figure should be minus. On the realised gains page it shows as -$8000 unrealised and +$8000 realised. This doesn't make any sense so as far as I can see. The only positive being that the summary shows the correct amounts I have.
Scenario 2 -
No Deposit and purchase of ETH is just done with a trade for USDT.
First negative is that the summary sections only shows profits of USDT and not the whole amount I currently have in USDT.
The same as the first scenario, on the realised and unrealised page USDT shows as -$8000 unrealised and +$8000 realised and in the average price paid it is still showing the $2000 total and price paid is $1 each. Don't understand how if its profit.
I am a newly paid subscriber but i do feel like if i can get it right your service is actually undervalued. And because of that I am willing to pay someone from your company to help me get started. I cant wait for the slow back to back messages and would maybe need to find a different service and request a refund which i obviously don't want to do. I just want to get this done so I can focus on my trading. I love the look of the cryptosheets add on so I feel like I'm in the right place.