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Board Service Announcements (Altcoins)
Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies
by
Its About Sharing
on 06/06/2020, 09:50:10 UTC
Under "Reporting" is there a way to see "Tax-Free Coins (short and long)" using LIFO and other accounting methods?

Thx in adance
IAS
Post
Topic
Board Service Announcements (Altcoins)
Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies
by
Its About Sharing
on 02/05/2020, 09:29:15 UTC
I mostly love the software. Really, it is quite nice. But the pricing is extreme AS it relates to actual trades made.

For example:

If I place a market order for 1BTC worth of an alt coin, that might be 150 transactions, maybe more, depends on the order book.
If I was to manually import that, it would be 1 transaction, but I would have to summarize the 150 "trades".
Really, it is just 1 transaction, but details that I don't need are imported. Can't the software just summarize this? (Like how the softwares reporting function has the  "group trades by day".)
So, what I have started doing is just summarizing the trade manually, instead of importing the many small trades via the easy .csv import.
If you are a day trader or high frequency trader I imagine it is just way too time consuming.

For tax purposes the price doesn't change. In 99% of cases, I don't need the detail of how that order was filled. If I want that I can just save the original downloaded .csv file.
I feel like going through and summarizing my 150,000 plus trades into what it actually is - about 1200 or so. That would save most of us a lot of money.
And it is a lot easier on the eyes to have a simplified history. When I want the detail, I should have that choice.

The second problems is the complicated nature of the paper wallet solution.
I would like a simplified labelling system for paper wallets precisely. I appreciate the MANY "work arounds" you guys have (labels, pools, etc.), but having a simple paper wallet function would be better.

Appreciated,
IAS



Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] ICON - Interchain Blockchain Network / Hyperconnect the World!
by
Its About Sharing
on 20/07/2019, 09:01:42 UTC
ICON IS DEAD , MOVE ON PEOPLE

Why did you decide that the project is dead? do you have any new reliable information on the project icon?

He joined Nov 30 2017. Can you imagine his pain? Let me help, my bet is he started buying a short while later and his pain is deep and wallets empty. Though he gets free meatloaf in the basement.
ICON has the support of the Korean government. It will be a big winner long term. Great price point to get in.







Post
Topic
Board Service Announcements (Altcoins)
Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies
by
Its About Sharing
on 09/07/2019, 08:34:05 UTC
Dear CoinTracking User. We would like to inform you about the following changes / improvements:

Updates and Improvements
- With the tax report, you can now deactivate warnings for all empty foreign FIAT purchase pools (to be found in the advanced settings)

- The 'Balance by exchange' now shows the positions and the values for the entered date when using an end date in the filter

- The ETH import now filters special characters out of token names

- The Trezor CSV import now supports the fees
- Fix for the Huobi API import, because Huobi currently only returns the last 2 days
- Optimization for the Coinbase Pro API import since Coinbase Pro uses the same Tx-ID for different transactions in some cases
- Updates for the Luno API import
- Updates for the Bitfinex API import
- Updates for the CoinSpot API import
- Updates and bug fixes for the Bitmax CSV import

- Binance Coin mapping: ONE is now imported as ONE2 and HSR as HC
- Bitfinex Coin mapping: LEO is now imported as LEO2


Crypto tax laws and tax consultants
In cooperation with numerous CPAs, we have published summaries of relevant crypto laws in many countries around the world.

These crypto laws as well as a list of tax consultants who can help with the tax return for crypto currencies can be found here: 'Tax Report' -> 'Tax Information'.

Thanks for that update.
Since you guys are in Germany - Regarding what you posted in the "tax information" section on your website (note bolded 2 sentences) for Germany and no bitcoin taxation on purchases:
Quote
Also in February 2018, the German Federal Ministry of Finance published guidance on value-added-tax (VAT) treatment of bitcoin and other virtual currencies. It determined that transactions to exchange a traditional currency for bitcoin or other virtual currencies and vice versa constitute the taxable supply of other services for consideration, but fall under the exemption from VAT. It stated that bitcoin or other virtual currencies that are used simply as a means of payment are treated the same as traditional means of payment. Using bitcoin or other virtual currencies for no other purpose than as a means of payment is therefore not taxable. This guidance is in line with the European Court of Justice (ECJ) decision Hedqvist from October 22, 2015.[219] Virtual gaming money, meaning in-game currencies, particularly in online games, is not exempt, because it does not constitute a means of payment within the meaning of VAT law.[220] The Ministry also addressed several follow-up questions regarding the taxation of mining, digital wallets, and online trading platforms.[221]

Does this mean that in Germany, bitcoins can be used to purchase items (e.g. precious metals, cars, houses) are tax free, bitcoin wise?
So, instead of selling bitcoin for a car (taxable), just pay for the car with Bitcoin (not taxable)?

Thank you,
IAS
Post
Topic
Board Speculation
Re: Godmode Technical Analysis
by
Its About Sharing
on 12/06/2019, 08:06:03 UTC
REGARDLESS of who is elected President of the United States in November 2020, we should continue to see exponential growth in most worth while crypto currencies. The purpose of this publication is to encourage productive discussion on what is occurring in the world today that can end up having a positive affect for crypto currencies.

NONE of my videos are financial advice. They are simply MY "OPINION."

It is "my opinion" one should seriously consider getting out of their 401k, IRA or other financial PAPER instruments as soon as possible; EVEN WITH A PENALTY AND TAXES. Then use what remains after penalty and taxes to diversify into PHYSICAL Gold, Silver, Land and worth while Crypto-Currencies; such as BTC, LTC, ETH, XMR and Cardano.

The crypto currencies mentioned above are MY PERSONAL PREFERENCE. It's fine if you have your own personal preference. What's more important is to SERIOUSLY CONSIDER GETTING OUT OF PAPER FINANCIAL INSTRUMENTS AS SOON AS POSSIBLE.

Maybe you're wondering if you should wait until just before the U.S. 2020 elections in November? That may be fine if your plans are to buy physical gold, silver and land. However, I'm anticipating crypto currencies to continue rising to new all time highs by the time we are approaching the 2020 elections in the U.S. Which means the penalty and taxes you would have paid for getting out of your paper financial instruments would ALREADY BE COVERED by the likely increased gains in crypto-currency prices.

AGAIN, the purpose of what's written in the previous post is ONLY to get people to SERIOUSLY THINK about putting themselves in a position to protect their wealth and create wealth. Because we are about to witness the biggest wealth transfer in human history over the next decade.

When the world sees the PRIVATE Federal Reserve in the U.S. stripped of its money creation privileges in the future and the U.S. economy begin to flourish, many other countries will follow suit by getting rid of their central bank and getting their TREASURY to print money WITHOUT INTEREST ATTACHED to burden their citizens.

So, there will still be FIAT currencies. It's just I see a coming reset of the current system that's without Rothchild Central Banks in control of money printing out of thin air and charging countries interest for their citizens to pay. The great awakening is occurring slowly but surely. In the meantime, be sure to put yourself in a position to capitalize on the greatest wealth transfer in history over the next decade.

The government of Italy is in a big fight with its central bank over Italy's physical gold. That's one example of many in regards to We The People waking up to the central bank money printing scam that benefits a few at the expense of We The People who pay interest on the money they create out of thin air.

It won't be long before the European Union collapses and that will be an end of the Euro.



VERY well said. People here mostly know what you are saying. I suggest you post this, or something similar, to social media.
And remember, when it happens, It's About Sharing...
They will need it.

ps - Nice predictions
Post
Topic
Board Speculation
Re: Godmode Technical Analysis
by
Its About Sharing
on 20/05/2019, 08:31:16 UTC
I'm leaning more towards the Green at the moment.  This could change after the 15th or 17th of May.  We're nearing POSSIBLE exhaustion in the 2-Day candle in the indicators on the 2-Day Candle beginning the 15th or 17th.

Thanks for the charts.

So you're expecting to top out soon off the upper $8,000s followed by a tag of the $6,700 area? It's a bit tough to make out the target zones at this scale.

What probability would you give to the red scenario?

Hi,

I was waiting to see what occurs here on May 15th cause I'm anticipating a drop.  The question is how much.  I plan on providing a video update soon.  At the moment, I would be surprised if we had a big dip or dump from here.  I honestly don't see it based on what the indicators are showing me in the 2-Week Time Frame.

Well, two days off on that BTC dump prediction, and what a dump it was, albeit more than your average attempt at manipulation.
Though successful, it also showed the support and buy-up from the 6k level. Now we have a nice base in the 7300 and upwards range.
Does this dump affect your predictions much, or was it within the lines of what you were expecting?
Nice thread.
Post
Topic
Board Speculation
Re: Tone Vays Is 85% Certain Bitcoin (BTC) Hasn’t Hit True Bottom
by
Its About Sharing
on 06/01/2019, 11:56:42 UTC
I kinda agree with his prediction (despite the fact that he is a "bear" and he is dying to see a lower bitcoin price).The true bottom will be around 2-3K USD and any new ATH will happen after the next 2020 halving.
It takes a lot of time to build some new hype around bitcoin.The market is insecure and the fear dominates over the greed.

Sure, when you look at a BTC chart and the last year or so, to say a bottom is in is way premature. Tone is clearly a Bitcoin maximalist, but that said, he sure isn't a perma-bull. His 9 count candle method (which I don't yet grasp - haven't studied it) appears fairly accurate. Anyway, I myself can see BTC coming back to 2500 USD but lots of factors are in play.(e.g. Venezuela - real world problems guys!).

I would NOT just be sitting in cash in these times. Having been through these "Bitcoin bubbles" before, you know when the true despair sets in and I'm not really sure we've hit that. Regardless, unless you are just going to hoddle, don't put all your eggs in one basket time wise (i.e. calling an end to a bear, bottom, etc.) Bitcoin moves really quick going up, don't get lost waiting for a bottom.

I "listen" to a lot of opinions on Bitcoin, don't  hold any of them, but take them into account along with what my TA/mind see's. Alessio is nice to watch btw on Youtube...
Post
Topic
Board Bitcoin Discussion
Re: Germany has no TAX when buying coffee using bitcoin
by
Its About Sharing
on 01/03/2018, 22:23:02 UTC
What if you buy more expensive items, like a computer, car or (drum roll) house?
Seems like these can be merchandise.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] WaltonChain WTC
by
Its About Sharing
on 13/01/2018, 09:28:17 UTC
is there any good news, the price pumped a lot today
i heard many people sold their wtc coins for the ico, and now they will regret

See the twitter quote - HUGE news!

https://twitter.com/Waltonchain/status/952024577713975296

And I had sold a very small amount (like 20) of my WTC today cause it was up, just cause I felt like things always go up and down and that I could buy it back - but this news was astronomical !!

I found WTC back in Sept and thought it was one of the actual use case coins - something that can be put implemented sooner rather than later.  Of  course I wish I bought more, wish I got more for a guardian masternode, it took off from the 1-2 usd mark quicker than I could ever have imagined, but I'm still extremely happy I held onto the bulk of my coins ....


Thanks for the post. I wondered what was up with the explosion in price. Also, there was this post gif on Reddit from a reputable poster, but he said the huge news was coming on Monday. Looks like this is it. https://www.reddit.com/r/waltonchain/comments/7q0k3c/dont_want_to_hype_but/
it fall back again, and i think its just a dump and pump game, maybe big holders release this news to cash out, unfortunately, those who buy at a high price will get locked

Nah, it is up over 90% still. Just a lot to digest. Watch it over the next week.
This is some of the hugest news I have ever scene in crypto. Unbelievable.
Walton is over 32 USD per token right now...
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] WaltonChain WTC
by
Its About Sharing
on 13/01/2018, 08:44:53 UTC
is there any good news, the price pumped a lot today
i heard many people sold their wtc coins for the ico, and now they will regret

See the twitter quote - HUGE news!

https://twitter.com/Waltonchain/status/952024577713975296

And I had sold a very small amount (like 20) of my WTC today cause it was up, just cause I felt like things always go up and down and that I could buy it back - but this news was astronomical !!

I found WTC back in Sept and thought it was one of the actual use case coins - something that can be put implemented sooner rather than later.  Of  course I wish I bought more, wish I got more for a guardian masternode, it took off from the 1-2 usd mark quicker than I could ever have imagined, but I'm still extremely happy I held onto the bulk of my coins ....


Thanks for the post. I wondered what was up with the explosion in price. Also, there was this post gif on Reddit from a reputable poster, but he said the huge news was coming on Monday. Looks like this is it. https://www.reddit.com/r/waltonchain/comments/7q0k3c/dont_want_to_hype_but/
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] ICON - Interchain Blockchain Network / Hyperconnect the World!
by
Its About Sharing
on 03/01/2018, 20:31:46 UTC
Looks like we might be nearing the top of this ascending triangle, completing a larger ascending triangle. This could be it if we break the recent ath. VERY nice pattern.
We can break out here or anywhere here and roughly till the end. Target roughly $10.50 to $15.00.

Post
Topic
Board Altcoin Discussion
Re: Litecoin is officially dead
by
Its About Sharing
on 02/01/2018, 11:55:06 UTC
Refresh my memory... How many times now has Litecoin been "officially dead"?

With no developers, no new content added, a dying community, and getting destroyed by ASIC's. Litecoin's 9 lives have run up.

I wonder though, does LTC really need any more features? The presence of ASICs is going to make it quite interesting. Will the network start to centralize? Will Wall St. Want a #2? Remember, even with BTC T 600 bucks app., we are VERY early adopters.

Basically, I'm saying we don't know. I still have 1/3 of my position in it as when we broke .02 I saved what profits I had and rolled 1/2 that into XMR. The alts are nice in this way as you can (still) move things around with no tax implications. Another reason LTC is nice to have.

I get the feeling that when we look back on this time, we are just going to laugh at some of what we thought.
We are still in the womb.

From page 3 of this thread, 3 1/2 years ago... feels good to say
I told you so...
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] ICON - Interchain Blockchain Network / Hyperconnect the World!
by
Its About Sharing
on 02/01/2018, 08:53:59 UTC
The price started to rise again! These project has more advance blockchain features than ETH,Eos and Bancor!
I do believed that ICON will be a major blockbuster in the near Future!
Cool

Love Icon, but how are you comparing it to EOS? Seems like anything can run on, or be rewritten „in“, EOS.
Post
Topic
Board Service Announcements (Altcoins)
Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies
by
Its About Sharing
on 02/01/2018, 08:50:06 UTC
Is there anyone here from CoinTracking, or is this just everyone posting their questions/problems and not receiving any answers?  Wink

There has been someone here. There website lists this thread under support and they really need to do a better job. They would help their own cause with better documentation. The cost of this software is extremely high and it has been out for years, so no excuse. That said, it is holiday time in Germany ( I think they are in München.)
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XRB]Cryptocurrency's killer app: RaiBlocks micropayments
by
Its About Sharing
on 02/01/2018, 08:34:46 UTC
I am sure it's a coincidence the only ones talking good about Bitgrail have just registered on the forum.

I am far from new and used Bitgrail for the first time last night. Bitcon deposits went smooth, but was closer to 3 confirmations and not two for deposit. Wirhdrawing Raiblocks took 10 minutes or so.

Some of the buy orders ran away from me but not complaining now. ;-)
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - POS 2.0 - ZEROCOIN PROTOCOL
by
Its About Sharing
on 01/01/2018, 23:19:59 UTC
https://support.binance.com/hc/en-us/articles/115003646731
I Think the exchange coordinator should apply again... i Think binance would be a perfect fit for pivx   

Why didn‘t anyone from our team apply? We are not even on the list?
https://www.binance.com/vote.html

There is a good reason we didn't apply. 

 Wink

I was honestly hoping for that option. Thanks Snappy ;-)
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - POS 2.0 - ZEROCOIN PROTOCOL
by
Its About Sharing
on 01/01/2018, 13:47:08 UTC
https://support.binance.com/hc/en-us/articles/115003646731
I Think the exchange coordinator should apply again... i Think binance would be a perfect fit for pivx   

Why didn‘t anyone from our team apply? We are not even on the list?
https://www.binance.com/vote.html
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] ICON - Interchain Blockchain Network / Hyperconnect the World!
by
Its About Sharing
on 25/12/2017, 13:26:53 UTC
What makes you all believe that Koreans are not purchasing and pumping this in Binance?

Of course they are as this is internet tech. But the masses there are clearly not yet in. Watch the volume.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] ICON - Interchain Blockchain Network / Hyperconnect the World!
by
Its About Sharing
on 25/12/2017, 13:25:44 UTC
Holy shit....this is the best ico i ever been involved in. life changing.

Yeah, this is perhaps one of the most successful ICO‘s I have ever seen (considering the time it‘s been public thus far.)

But the scary thing is going to be once S. korea has acces to it on its exchanges. Might want to not let this one go for a while.

HODL has never been more clear. thinking what this coin is in 1 to 2 years.....

Alex, I’ll take „ What is An Ethereum that works forthe most tech crazy Nation n Earth?“
Post
Topic
Board Speculation (Altcoins)
Re: ICON ICX at what price will you sell?
by
Its About Sharing
on 25/12/2017, 13:13:21 UTC
I think with the huge hype around this project, $5 is my own call. People have waited long to trade this token but because of the last mins KYC imposed by the team it was delayed

$5 breached. This is a $50 coin in 2018.