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Showing 7 of 7 results by EveryDayArms
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Board Service Announcements (Altcoins)
Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies
by
EveryDayArms
on 18/09/2017, 14:31:44 UTC
Quote from: Dario3000 on September 18, 2017, 12:44:31 PM
Quote from: EveryDayArms on September 17, 2017, 09:00:53 PM
Is it possible to add support for margin trading for CEX.io? All my coin values are skewed since I did quite a bit of margin trading but CoinTracking doesn't recognize it.
Sure. I will try to add an API import for CEX.io in a few days.

Dario
Perfect - thank you very much.
Post
Topic
Board Service Announcements (Altcoins)
Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies
by
EveryDayArms
on 17/09/2017, 21:00:53 UTC
Is it possible to add support for margin trading for CEX.io? All my coin values are skewed since I did quite a bit of margin trading but CoinTracking doesn't recognize it.
Post
Topic
Board Service Announcements (Altcoins)
Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies
by
EveryDayArms
on 19/08/2017, 15:08:16 UTC
Quote from: Bermuda666 on August 19, 2017, 02:59:37 AM
Quote from: jt42 on August 18, 2017, 08:48:32 AM
You really should use the price of the coin based on the exchange in which it was traded and not some averaged historical coin price.  Or are you saying this only pertains to manual entries and not imported entries?

Hey @jt42,

thanks for your response on this.

Yes, maybe we will add the ability to switch between price sources for Coins one day.
Currently this is possible for BTC only. You can find it in your Account Settings.

This would be a major feature to do it for all exchanges and Cryptocurrencies and it takes much time and effort to realize it.
That´s why, for now, we´ve added the ability to set your own trade prices at the time of transaction.

Most of the time the data is accurate and there are only a few cases, where you need to edit the data.

Best regards,
Keven
I've had the opposite experience - for me, the data is nearly always incorrect, and I'm required to always go in and edit the values right after importing.
Post
Topic
Board Service Announcements (Altcoins)
Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies
by
EveryDayArms
on 18/08/2017, 15:44:14 UTC
Quote from: jt42 on August 18, 2017, 08:48:32 AM
Quote from: Dario3000 on August 16, 2017, 08:38:24 PM
Quote from: EveryDayArms on August 16, 2017, 01:58:11 PM
Hi,

New to Cointracking and absolutely love it so far. Assuming all goes will with my investments I'll be purchasing a license soon.

Had a quick question regarding the 'Trade Value' menu when editing a transaction. How is the purchase value and sale value calculated? Where are these from? I've noticed pretty strange numbers, and pretty big differences between the two (for example, selling some NEO for USDT shows a purchase value of $630 and a sale value of $690). This causes the realized gain to be a loss of $40-50 for example, whereas in reality (looking at my exchange) it was a profit of ~$20 as the NEO was sold for $692.

I've looked at many of my other coins on the Trade Prices page, and it shows losses for a bunch, whereas I know they were gains. Even selling 1 ETH for USD shows the incorrect prices. Is there any easier way to fix this rather than keeping track of the USD purchase/sell price for each transaction, and entering it in manually after the fact?

Thanks!

Hey,

You can set these values on the Enter Coins page when entering or editing your entries.
If you do not set them, CoinTracking will calculate the value automatically based on historical coin prices from coinmarketcap, worldcoinindex, cryptococoincharts and some more.

Each exchange has different prices, and the exchange price may not be the average price we use.
I would recommend to change the values if the spread is too high.

Best,
Dario
You really should use the price of the coin based on the exchange in which it was traded and not some averaged historical coin price.  Or are you saying this only pertains to manual entries and not imported entries?

This is for imported entries, not manual entries.

I was wondering about this too - the exported excel sheet from the exchange contains all prices (if some coin was traded for USD), so I'm not sure why some averaged coin price across multiple exchanges is used rather than the price in the spreadsheet. I do quite a bit of daytrading with not very volatile altcoins, so this averaged price is usually never correct.
Post
Topic
Board Service Announcements (Altcoins)
Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies
by
EveryDayArms
on 16/08/2017, 13:58:11 UTC
Hi,

New to Cointracking and absolutely love it so far. Assuming all goes will with my investments I'll be purchasing a license soon.

Had a quick question regarding the 'Trade Value' menu when editing a transaction. How is the purchase value and sale value calculated? Where are these from? I've noticed pretty strange numbers, and pretty big differences between the two (for example, selling some NEO for USDT shows a purchase value of $630 and a sale value of $690). This causes the realized gain to be a loss of $40-50 for example, whereas in reality (looking at my exchange) it was a profit of ~$20 as the NEO was sold for $692.

I've looked at many of my other coins on the Trade Prices page, and it shows losses for a bunch, whereas I know they were gains. Even selling 1 ETH for USD shows the incorrect prices. Is there any easier way to fix this rather than keeping track of the USD purchase/sell price for each transaction, and entering it in manually after the fact?

Thanks!
Post
Topic
Board Altcoin Discussion
Re: imgCoin - decentralized, blockchain-based image hosting + crypto. ICO soon?
by
EveryDayArms
on 18/07/2017, 14:10:59 UTC
Quote from: arc45 on July 17, 2017, 08:35:02 PM
I would like to see someone fork existing code for this.  I believe Steepshot or zappl is doing something similar using the steem blockchain.  Big issue is having to manage multiple reputation systems. 
Steepshot and Zappl look to be less of an image-hosting platform and more of a blogging / content-sharing / social community
Post
Topic
Board Altcoin Discussion
imgCoin - decentralized, blockchain-based image hosting + crypto. ICO soon?
by
EveryDayArms
on 06/07/2017, 19:18:04 UTC
http://imgcoin.io

Looks like they're kinda like Filecoin but for image hosting. Decentralized, blockchain-based version of Imgur / photobucket / etc