Dario,
I had several failed withdrawal attempts of a coin (BURST) from Bittrex. When I ran the Automatic API Import manually, it picked up all the attempts plus the actual successful attempt.
Is that something you can screen the API Import for?
Also, what is the basis for the time stamp? Is it GMT? Local time for the Exchange? My local time?
Thanks,
Steve
Topic: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies - page 107. (Read 122619 times)
May 23, 2017, 10:39:47 PM
May 23, 2017, 03:29:28 AM
Hi all,
Interesting point Arkaen, It would be interesting for you Dario to have a section about different current legal obligation tax wise according to the country.
Victor
There is one on the Tax page, but only for 3 countries.Interesting point Arkaen, It would be interesting for you Dario to have a section about different current legal obligation tax wise according to the country.
Victor
I will add more details and countries soon.
Thanks.
Would it be possible to pick all months the first day and show it in a sheet or something,
The first of January, February, March and so on ?
That's a good idea. The first of January, February, March and so on ?
I have added a "Daily", "Weekly" and "Monthly" filter to the Reporting -> Balance By Day page.
Dario
Much appreciated !
May 22, 2017, 11:28:01 AM
Hi all,
Interesting point Arkaen, It would be interesting for you Dario to have a section about different current legal obligation tax wise according to the country.
Victor
There is one on the Tax page, but only for 3 countries.Interesting point Arkaen, It would be interesting for you Dario to have a section about different current legal obligation tax wise according to the country.
Victor
I will add more details and countries soon.
Thanks.
Would it be possible to pick all months the first day and show it in a sheet or something,
The first of January, February, March and so on ?
That's a good idea. The first of January, February, March and so on ?
I have added a "Daily", "Weekly" and "Monthly" filter to the Reporting -> Balance By Day page.
Dario
May 22, 2017, 07:49:58 AM
Would it be possible to pick all months the first day and show it in a sheet or something,
The first of January, February, March and so on ?
The first of January, February, March and so on ?
May 22, 2017, 02:21:30 AM
Hi all,
Interesting point Arkaen, It would be interesting for you Dario to have a section about different current legal obligation tax wise according to the country.
Victor
Interesting point Arkaen, It would be interesting for you Dario to have a section about different current legal obligation tax wise according to the country.
Victor
May 22, 2017, 01:18:25 AM
If you're buying other currencies in bitcoin and sell it back to bitcoin do you report it? I would think you only report gains and losses if you sell it back to US dollars.
May depend where you live. In Canada, and I believe in the US, you have to report the equivalent gains or losses in your fiat currency every time you sell for another cryptocurrency. It's ridiculous to me, as it means many will be forced to liquidate part of their portfolio just to pay taxes. If governments let high performance investors delay the taxes while their portfolio compounds, both the investor and the government would end up with much more money in the long run.
Instead, governments chizzle away at profits each year, dramatically reducing the effect of compound interest. I calculated that if taxes were delayed for 15 years (assuming Canadian tax laws and my expectations for Blockchain sector returns), and the government took a whopping 50% of everything after 15 years, both the investor and the government would end up with 5-15x more capital than if the government took capital gains tax every year.
May 21, 2017, 02:30:17 PM
To BitCoinTtrack newby. I can answer that one. You need to have a record of everything you do, even if it's moving it from one wallet to another. This is because there is a network fee every time you do anything, regardless of whether you are trading coins or not.
I hope that helps.
Stee
I hope that helps.
Stee
May 20, 2017, 11:13:46 PM
If you're buying other currencies in bitcoin and sell it back to bitcoin do you report it? I would think you only report gains and losses if you sell it back to US dollars.
May 20, 2017, 06:31:19 PM
Dario,
You had me laughing out loud on that one.
Haha You had me laughing out loud on that one.
Some people are not really into all the details of crypto currencies.
They just sign up on an exchange and do few trades.
Calling it "real currencies" instead of "fiat" makes it more easy for beginners.
But, it's whatever keeps 'em quiet that matters! You probably hear from far fewer who object to "real" meaning fiat than the other way around. Cool
Exactly 
May 20, 2017, 04:57:57 PM
Quote
I think perhaps a better description of the "Real" currencies would simply be Fiat Currencies.
We had that some time ago and we received several mails a day from users asking what a fiat currency is.So I decided to call it "Real currency". I know it's not correct, but understandable
Dario,
You had me laughing out loud on that one.
If they don't know what a fiat currency is, what the heck are they doing trading in cryptocurrencies???
But, it's whatever keeps 'em quiet that matters! You probably hear from far fewer who object to "real" meaning fiat than the other way around.
May 20, 2017, 01:27:02 PM
@layoutph:
Excelent
@sgjenks01:
I would recommend using the Poloniex API import as it can import deposits and withdrawals as well.
You need to add your Mercatrox trades as well, otherwise the balance will not be correct.
Please also ensure, all your deposits and withdrawals are set correct.
CoinTracking reads the data and converts it into trades.
That's why the number of "rows" in Excel does not match the number of trades.
Best, Dario
Excelent
@sgjenks01:
I went to kraken imported my entire ledger, I went to poloniex and imported my entire trade history, I put in all of my wallet addresses VIA the API wallet importer.
It says I have 1000 more ether than I have, which may be due to not showing withdrawals on poloniex.
Have you used the Poloniex CSV import?It says I have 1000 more ether than I have, which may be due to not showing withdrawals on poloniex.
I would recommend using the Poloniex API import as it can import deposits and withdrawals as well.
It says I have 12,000 more ICN than I actually have. Now I am confused. Because I imported EVERYTHING from kraken and my wallets, all of the information is there so I don't understand why its off by 12,000 ICN.
The only issue I can think of is I bought some ICN/GNT from the Mist exchange called Mercatrox or whatever. But I figured that importing the ether wallets would solve that problem because it would just show me receiving/sending Ether.
The wallet import does only import wallet movements (deposits and withdrawals) but not your trades on an exchange.The only issue I can think of is I bought some ICN/GNT from the Mist exchange called Mercatrox or whatever. But I figured that importing the ether wallets would solve that problem because it would just show me receiving/sending Ether.
You need to add your Mercatrox trades as well, otherwise the balance will not be correct.
Please also ensure, all your deposits and withdrawals are set correct.
And on the Kraken imports, it shows I have 330 trades in Excel, but when I import it will only show 173 trades.
That's because it's a ledger entry. Each trade part (buy, sell, fee) can be listed in a separate line.CoinTracking reads the data and converts it into trades.
That's why the number of "rows" in Excel does not match the number of trades.
Best, Dario
May 20, 2017, 12:09:29 PM
Hi guys, I am having some issues with cointracking.
I paid for the 2 years for unlimited pro, because I wanted to update my trades. But all of the data is wrong.
I went to kraken imported my entire ledger, I went to poloniex and imported my entire trade history, I put in all of my wallet addresses VIA the API wallet importer.
It says I have 1000 more ether than I have, which may be due to not showing withdrawals on poloniex.
It says I have 12,000 more ICN than I actually have. Now I am confused. Because I imported EVERYTHING from kraken and my wallets, all of the information is there so I don't understand why its off by 12,000 ICN.
The only issue I can think of is I bought some ICN/GNT from the Mist exchange called Mercatrox or whatever. But I figured that importing the ether wallets would solve that problem because it would just show me receiving/sending Ether.
And on the Kraken imports, it shows I have 330 trades in Excel, but when I import it will only show 173 trades.
I paid for the 2 years for unlimited pro, because I wanted to update my trades. But all of the data is wrong.
I went to kraken imported my entire ledger, I went to poloniex and imported my entire trade history, I put in all of my wallet addresses VIA the API wallet importer.
It says I have 1000 more ether than I have, which may be due to not showing withdrawals on poloniex.
It says I have 12,000 more ICN than I actually have. Now I am confused. Because I imported EVERYTHING from kraken and my wallets, all of the information is there so I don't understand why its off by 12,000 ICN.
The only issue I can think of is I bought some ICN/GNT from the Mist exchange called Mercatrox or whatever. But I figured that importing the ether wallets would solve that problem because it would just show me receiving/sending Ether.
And on the Kraken imports, it shows I have 330 trades in Excel, but when I import it will only show 173 trades.
May 20, 2017, 10:54:17 AM
Quick question
When you buy a coin with your fiat in the U.S, do you put it in as a trade (usd to BTC) when it stays in your wallet like coinbase? Or do you manually input it as deposit? Or both?
Also this is considered as a sell?
When you buy a coin with your fiat in the U.S, do you put it in as a trade (usd to BTC) when it stays in your wallet like coinbase? Or do you manually input it as deposit? Or both?
Also this is considered as a sell?
May 20, 2017, 01:49:46 AM
Dario,
I see that you changed the Exchange Balances page per my suggestion. Thank you!
Now, I have another suggestion. On some of the pages, you give the user the opportunity to select Only Digital Currencies, or Real Currencies. I think perhaps a better description of the "Real" currencies would simply be Fiat Currencies. After all, any currency, whether paper or electronic or cryptographic are all real, otherwise, you couldn't buy a new hard drive with any of them. Any currency, after all is just an agreed upon fiction that relies on everybody believing the currency has and will retain value (which is why fiat currencies are in such trouble).
Thanks,
Steve
I see that you changed the Exchange Balances page per my suggestion. Thank you!
Now, I have another suggestion. On some of the pages, you give the user the opportunity to select Only Digital Currencies, or Real Currencies. I think perhaps a better description of the "Real" currencies would simply be Fiat Currencies. After all, any currency, whether paper or electronic or cryptographic are all real, otherwise, you couldn't buy a new hard drive with any of them. Any currency, after all is just an agreed upon fiction that relies on everybody believing the currency has and will retain value (which is why fiat currencies are in such trouble).
Thanks,
Steve
May 18, 2017, 09:58:39 PM
This is very promising. I just registered today, and will try to import my trading logs to see hows my improvement in trading My target is to double or tripple my capital every month.
My target is to double or tripple my capital every month. May 18, 2017, 06:24:21 PM
Most exchanges do not have a standard format.
I don't think it will be so easy to get them all into one format
I don't think it will be so easy to get them all into one format
There is no published standard export format. That's half the problem.
And most exchanges do not use a standard export format. That's the other half of the problem.
Now if somebody with some expertise and credibility were to come up with a well-defined standard export format (in the style of an RFC or a BIP), that would solve half the problem.
The next step would be to get just a couple of exchanges to adopt that standard format. Why would they do it? Because every exchange is looking for features that its competitors don't have, and claiming to adhere to a published standard would be such a feature.
Once two different exchanges are using that standard format, it will be a lot easier to get the others to do the same -- so they don't get left behind.
But all of it has to begin with one person with the expertise and credibility taking the lead.
May 18, 2017, 01:59:58 PM
Thanks.
Seems like there is a coin called "ANT" on CEX.IO which distorts the value.
I will fix that asap
Seems like there is a coin called "ANT" on CEX.IO which distorts the value.
I will fix that asap
May 18, 2017, 11:34:21 AM
You should add the new coin Aragon (ANT). It's already on Bittrex https://bittrex.com/Market/Index?MarketName=BTC-ANT and Liqui.io https://liqui.io/#/exchange/ANT_BTC
There is an ANT coin that shows up when you try to add a trade, but it's not the Aragon coin.
There is an ANT coin that shows up when you try to add a trade, but it's not the Aragon coin.
May 18, 2017, 10:35:28 AM
Hey Hey,
@kkris:
Most exchanges do not have a standard format.
I don't think it will be so easy to get them all into one format
@baam25:
Yes, as long all your accounts are linked together (Settings -> Join Account), they will be all unlimited.
When you join 4 accounts, you only have to purchase unlimited once.
But this also means, that all your friends/family will get access to your account as long they are joined.
If that's fine for you, this would be the best solution.
@sgjenks01:
Yes, that's a very good point.
I will change that to "Balance" later on today.
Dario
@kkris:
Most exchanges do not have a standard format.
I don't think it will be so easy to get them all into one format
@baam25:
Yes, as long all your accounts are linked together (Settings -> Join Account), they will be all unlimited.
When you join 4 accounts, you only have to purchase unlimited once.
But this also means, that all your friends/family will get access to your account as long they are joined.
If that's fine for you, this would be the best solution.
@sgjenks01:
Yes, that's a very good point.
I will change that to "Balance" later on today.
Dario
May 18, 2017, 02:33:10 AM
Dario,
That's great! Thanks.
On another note. On the page labeled Currencies by Exchange, I find the subheadings Bittrex Trades and Coinbase Trades and BTC Wallet Trades to be confusing. To me, what is being referred to is Balances, not Trades. So, it would be clearer to me if headings say Bittrex Balances, Coinbase Balances, etc. Likewise, If there is a currency in a stand-alone wallet, such as a BTC Wallet, it would say BTC Wallet Balance.
Best,
Steve
That's great! Thanks.
On another note. On the page labeled Currencies by Exchange, I find the subheadings Bittrex Trades and Coinbase Trades and BTC Wallet Trades to be confusing. To me, what is being referred to is Balances, not Trades. So, it would be clearer to me if headings say Bittrex Balances, Coinbase Balances, etc. Likewise, If there is a currency in a stand-alone wallet, such as a BTC Wallet, it would say BTC Wallet Balance.
Best,
Steve
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