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.
Topic: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies - page 107. (Read 122389 times)
May 20, 2017, 12:09:29 PM
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
May 17, 2017, 11:11:01 PM
@baam25:
Thanks a lot.
The price base is USD and the shown BTC price will adjust depending on the current market price.
So it will not be more expensive when the BTC price goes up
Thanks a lot.
The price base is USD and the shown BTC price will adjust depending on the current market price.
So it will not be more expensive when the BTC price goes up
Oh I didn't know that! thanks! also what does this mean?
For users with multiple accounts, all accounts will be upgraded when purchasing CoinTracking Pro or Unlimited.
I have about 4 friends/family that are in crypto right now, can I track all 4 portfolios by purchasing 1 unlimited acct? so we could pool our money, get the unlimited for life, and track 4 accounts?
May 17, 2017, 10:50:24 PM
As the creator of a great coin-tracking website, you could do everybody a favor by coming up with some sort of standard transaction format that all exchanges could use. Maybe document it in a formal way.
Then try to persuade all the exchanges to allow export in that format. It would make life so much easier for everyone. I think they would listen to you.
Then try to persuade all the exchanges to allow export in that format. It would make life so much easier for everyone. I think they would listen to you.
May 17, 2017, 08:14:26 AM
Hey,
we are using the API of a multi-blockchain solution to track those wallets.
Currently we can only list those coins, listed in the API.
But I will try to do my best to include more currencies into the Altcoin Wallet Import.
Best, Dario
we are using the API of a multi-blockchain solution to track those wallets.
Currently we can only list those coins, listed in the API.
But I will try to do my best to include more currencies into the Altcoin Wallet Import.
Best, Dario
May 17, 2017, 02:41:17 AM
It would be awesome if you could add Komodo (KMD) to the Alt-Coin Wallet job.
May 16, 2017, 09:13:26 PM
You're welcome
It's was made for regular trades.
Margin trades are completely different.
But I will find a good solution
It's was made for regular trades.
Margin trades are completely different.
But I will find a good solution
May 16, 2017, 08:15:56 PM
@enteleca:
The closing position report will show all coins, that are not sold at the end of the tax season.
Calculating trades is one thing. But margins are a bit more difficult, because you can sell coins before you have bought them.
I'm already working on a tax calculation for margin trades and it should be done in the next days.
Since the tax year 2017 will end in more than 6 months, you have still plenty of time to do it
I will let you know, once it's done
Dario
Wow, that's wonderful, I didn't know you hadn't finished the program.
I will patiently wait! I was just preparing for the worst before tax year came.
Thanks for your wonderful program and great customer service!
May 16, 2017, 07:42:54 PM
@baam25:
Thanks a lot.
The price base is USD and the shown BTC price will adjust depending on the current market price.
So it will not be more expensive when the BTC price goes up
@enteleca:
The closing position report will show all coins, that are not sold at the end of the tax season.
Calculating trades is one thing. But margins are a bit more difficult, because you can sell coins before you have bought them.
I'm already working on a tax calculation for margin trades and it should be done in the next days.
Since the tax year 2017 will end in more than 6 months, you have still plenty of time to do it
I will let you know, once it's done
Dario
Thanks a lot.
The price base is USD and the shown BTC price will adjust depending on the current market price.
So it will not be more expensive when the BTC price goes up
@enteleca:
The closing position report will show all coins, that are not sold at the end of the tax season.
Calculating trades is one thing. But margins are a bit more difficult, because you can sell coins before you have bought them.
I'm already working on a tax calculation for margin trades and it should be done in the next days.
Since the tax year 2017 will end in more than 6 months, you have still plenty of time to do it
I will let you know, once it's done
Dario
May 16, 2017, 07:17:10 PM
Calculating single exchanges will probably lead to missing purchases.
Especially when you're moving coins from one exchange to another.
But you could exclude your margin trades from the tax report by selecting "all without a group" in the "group" selector.
This will only calculate your regular trades.
Hey Dario,
I understand; I did the calculation for all exchanges "without a group" and it finally worked with no errors! My total profit/loss is still over what it actually is from regular trades, but I am assuming that my total profit/loss from margin should be negative to offset that gain?
The problem is now that I set all trades to "Poloniex" and then to "Poloniex Margin" there are still many errors that show the "no suitable purchases" errors. When I also load those reports, in the "closing position report," (I'm not entirely sure if this is total already closed positions or current open positions that could be closed now) it says that I have alt coins that have gained great "end of year value", but I actually closed all my positions and am entirely in BTC or USD. Does the tracker account for short positions even if I have none of the actual coin that I sell then buy back?
Thanks
May 16, 2017, 06:33:28 PM
the site is beautiful 
but i think its too expensive....any thoughts on lowering the price?
as the price of bitcoin goes up, the more expensive it gets
thanks and thank you for your hard work
but i think its too expensive....any thoughts on lowering the price? as the price of bitcoin goes up, the more expensive it gets
thanks and thank you for your hard work
May 16, 2017, 05:05:37 PM
I see that I can separate from exchanges (GDAX and Poloniex) and the group (Poloniex Margin) but I'm still getting plenty of errors that say "there is no suitable purchase to this sale."
Calculating single exchanges will probably lead to missing purchases.
Especially when you're moving coins from one exchange to another.
But you could exclude your margin trades from the tax report by selecting "all without a group" in the "group" selector.
This will only calculate your regular trades.
Dario
May 16, 2017, 03:36:51 PM
I implemented my tradehistory file for the Poloniex exchange.
[...]
I read on your support and FAQ that the problem is likely to be deposits and withdrawals and the mix of my margin trading and regular trading.
I understand that you must manually enter deposits and withdrawals, but could you guide me on exactly how I do that on the Poloniex TradeHistory file? Thanks so much.
I will separate my margin trading and regular trading afterwards.
[...]
I read on your support and FAQ that the problem is likely to be deposits and withdrawals and the mix of my margin trading and regular trading.
I understand that you must manually enter deposits and withdrawals, but could you guide me on exactly how I do that on the Poloniex TradeHistory file? Thanks so much.
I will separate my margin trading and regular trading afterwards.
Hey enteleca,
Thanks a lot.
First of all, is Poloniex the only exchange you have ever used, or are there any other exchanges you have bought coins?
If that's the case, you need to add those trades as well.
The Poloniex CSV only contains trades.
But you could use the API import of Poloniex.
It can import deposits and withdrawals as well.
However, since deposits and withdrawals are not relevant for the gain calculation, I would guess, that some trades are missing in your account.
Can you please ensure you have imported them all.
Hey, that's a great point, thanks for the quick reply!
I imported my GDAX trades also now.
I now have however a very (fake) positive gain with more taxes than I actually made.
My question now is how do I separate my regular trades and margin trades now that I have both GDAX and Poloniex logged onto the tracker?
I see that I can separate from exchanges (GDAX and Poloniex) and the group (Poloniex Margin) but I'm still getting plenty of errors that say "there is no suitable purchase to this sale."
Any suggestions? Thanks!
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