Topic: Percent gains and losses on crypto - page 2. (Read 413 times)

If you want to keep track of your profits and losses in terms of fiat value then you should keep a sheet which should be included with the fiat value and cost price, you can't find the fiat value without checking the history of your trades and as others said as for wallet its bitcoin so they never going to keep track of the fiat value at what time you deposited for each of your deposits.

@OP if you are a type of person where you are comfortable seeing Excel/Spreadsheet documents you can also try out tracking your gains through it as you can easily split up all the transactions you have for that crypto. There is a bunch of templates out there on how you can do live tracking with it which is convenient as you won't be updating the prices manually each time. Just search some keywords like "spreadsheet price tracker" and you will see a bunch of results with different layouts.

Dudes.  Thanks a lot.  Blockfolio is exactly what i needed.  I have a question for all you experienced Blockfolio users.  I painstakingly went through all my transactions like a fine tooth comb.

After all said and done, my profit is ahead of the game, but my "net cost" and "average net cost" show as negative numbers.  I really took my time and I don't think I made  any mistakes but in the beginning of inputting transactions, the "net cost" and "average net cost" were showing as positive numbers. 

If it is in fact a mistake, there are so many transactions that I wouldn't even know how to find the delinquent at this point.  If it's correct, I guess its a great thing. 

1) Is this normal? 
2) Does anyone else's show negative? 
3) Also does anyone else's Blockfolio app get laggy?
4) Are there any apps that let you import a CSV file so I can cross check quickly?  Unfortunaltely Blockfilio does not have that option.

Thanks.

Yes, that's right, because with a record, everything will be counted properly and accurately recorded. but for the problem of profit I am not sure about the profit because in trading it cannot be executed as expected. crypto market is always changing and we can only take profits close to the records we write

Dudes.  Thanks a lot.  Blockfolio is exactly what i needed.  I have a question for all you experienced Blockfolio users.  I painstakingly went through all my transactions like a fine tooth comb.

After all said and done, my profit is ahead of the game, but my "net cost" and "average net cost" show as negative numbers.  I really took my time and I don't think I made  any mistakes but in the beginning of inputting transactions, the "net cost" and "average net cost" were showing as positive numbers.  

If it is in fact a mistake, there are so many transactions that I wouldn't even know how to find the delinquent at this point.  If it's correct, I guess its a great thing.  

1) Is this normal?  
2) Does anyone else's show negative?  
3) Also does anyone else's Blockfolio app get laggy?
4) Are there any apps that let you import a CSV file so I can cross check quickly?  Unfortunaltely Blockfilio does not have that option.

Thanks.

I guess you need to write in notepad or spreadsheet in .xls or mobile phone or the book every time you send funds into your Ledger with details, date, time and the amount. By doing that, you will know how much bitcoin or how much money you already used to buy bitcoin and you can calculate one by one of the total transaction you already made.

But maybe you can use it the other way you want because that is just an idea, so you do not forget to write a note about your investment.

That’s what it is going to do, it is just going put everything together, but in the Coinbase app you’re going to see the transactions history where you can go through your purchases and know at what prices you bought from and the rest of them.

And also when you send the coins you bought from Coinbase to your ledger address, if you check for the transaction on blockchain using the transactions ID, it shows how many BTC you bought and their worth at the time you sent it. But it is best that you’re the one keeping these records if that’s what you’re interested in. Don’t wait for them to do it for you.

You will never have to expect that that is why many developers are creating apps that work in that field.
You need to use an application separately that could track your investment, and there are a lot of them.

https://coinfunda.com/best-cryptocurrency-portfolio-apps

Yep, I'd tried a different app but blockfolio seems so convenient to use. May the experience of the other above show the same as what I experience also.

It only frustrates me when I'm going to do a review from my previous transactions that time of 2017. As I took a history break at hitbtc exchange, those btc sold was really painful to see huge amount which I considered as losses if I have to compare the value today. Maybe that's around 5x percent gains if I choose to hold, but nothing comes to my mind and made me think about the future that btc would reach until $60k someday.

Been using Blockfolio for years even though there some apps which are already available in the market but i dont know on why i do feel comfortable on using blockfolio

even though others does have much more features but this one is really enough and can give out on what you do seek for a tracker.

Also it does have notification which is a really a big help if you are really active on monitoring out on your ports.

Yeah, Ledger Live doesn't yet give the tracking functionality but it would be really nice future addition.

But Blockfolio for me works really well, it doesn't matter what wallet you hold your coins in as you can sync Blockfolio to it.


In there you also enter how much you bought each coin for, at what rate etc so you always get an overall view of your portfolio green or red. It is a bit long but it works.

That doesn't really matter so the exchanges won't set it up. Besides, it is also very difficult for it to calculate the results accurately, there are many transactions happening at the same time.
Maybe you only really know if you convert your investments to a certain currency.

Well actually no wallet or exchanges helps you to calculate your profit or lose after buying bitcoin or any other cryptocurrency, you do that manually you can check on you transaction history on the exchange in which you bought then you can make your calculations, surely as you keep buying bitcoin and sending to a particular wallet it will always sum up as far it's same coin you bought, in other words you can just calculate the total amount you have spent on buying bitcoin and compare it with the actual price to know if you are in lose or profit.

There is no direct way to do this but the question is why do you want to track those prices?
If you perform tax calculations, there are third-party applications that help you. read more about it here ---> https://www.reddit.com/r/Bitcointax .
If you want to know your financial situation without making many purchases and sales, third-party applications such as BlockFolio/CoinTracking are sufficient.

Yeah, neither Coinbase nor Ledger Live have functions which will allow you track every buy/sell/trade you make to keep a track of your profits/losses in terms of fiat. To do that, then you would either need to set up your own spreadsheet as NeuroticFish has suggested, or use tracking software or an app.

The apps most commonly recommended are BlockFolio and Delta. In both you simply enter your trades, what you bought, how much you paid, etc., and they will keep track of how much profit/loss you have made on each trade and in total. Try both and see which one suits you best. Delta also lets you track stocks, commodities, ETFs, etc., alongside your crypto, if you are in to that sort of thing.

It pays to have a manual tracker even once. I guess, for now, it would be hard for you to find what was your original investment amount in Bitcoin.

Even your transactions history couldn’t help you with that (in coinable)

But I would suggest for you to move on and start over again. But at that time, you make sure to manually track at least the first 5 in and outs you had on your wallet. (In case you would like to stay in your exchange preference) Also, that’s extra work to exchange. Their business model might also be affected by it. But I guess, that’s a good idea.

Just forget for a second that you are buying Bitcoin. Imagine that you buy a foreign currency. Or gold. Now, will the marketplace keep your booking for what you bought and at what price? Not necessarily.

Now back to normal. Of course that since you have Bitcoin, your balance will show Bitcoin.
But I don't use Coinbase, I use Binance. And at least for the last couple of transactions, I can see in the transaction history the price and all the details.
So, check the transaction history. If you don't have that, find an exchange that suits you better or, even better keep an excel file (since exchanges don't exist forever, since in the excel file you can put the real amounts, including the exchange fee)

Hey guys.  I'm not sure how to ask my question but this is regarding Ledger Live or Coinbase.  So let's say I buy $100 worth of bitcoin and send right away to my Nano X wallet.  On Ledger Live it shows the bitcoin balance and the US dollar conversion.  I only did a one time purchase and deposit of $100 so anything above or below $100 is easy to read and I know if I had gained or lost as bitcoin fluctuates.

But what happens over time with numerous purchases at different amounts and different bitcoin prices?  After numerous deposits to my wallet, how do I quickly see if I'm ahead or behind without going back to coinbase and adding up every single purchase and comparing that amount to the ledger live balance?  Instead, all it shows is the balance.  If I was to purxhase another $100, it just lumps it all together.  I have the same question if I was to leave my bitcoin on the Coinbase exchange.  I guess what Im asking is how do I know the total of my original investment?

It would be nice if on every deposit, you had the option to input what price you bought at and how much you purchased so that everything is automatically calculated whether you are doing good or bad.  Then it can show you a percent gain or loss since you started. I may be not seeing something here, but it seems to be an important option tool thats missing from Ledger Live and/or Coinbase.  Thank you