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1  Bitcoin / Project Development / The Enteleca Marketplace on: November 19, 2018, 04:36:22 AM
Hello all, I'm not sure if this is the correct place to make a post, but it certainly seems like it!

Intro

I'm not here to ask for your money, but the wonderful opinion and thoughts of the bitcoin community! My team and I have been working for a very long while now on a viable platform that will be able to connect people from all around (most of) the world in commerce utilizing blockchain technology (basically cryptocurrency, for the time being).


We're almost ready to launch our beta website.


I believe that this technology we all love and adore truly has a place in the world - with the stark convenience of cheap transfers and transparent transactions. I've owned ecommerce businesses in my life and have sometimes run into fiat issues such as paypal withholding my funds, bank transfers internationally taking way too long (holding back our supply chain), the general inconvenience of some paperwork, the amount of time it takes to deal with all of it, the fees that we have to pay (not just transaction fees!), and other factors.

You guys get the gist.

People in our platform will be able to list products and sell to anyone (within legal limits, of course) in the entire world whatever they want.

Manufacturers can sell directly to businesses.
Manufacturers can sell directly to customers.
Customers and sell to customers.
Businesses can sell to customers.

Guys, anyone can sell anything to everyone! We're on a revolutionary forefront. Today, currencies around the world are not ubiquitous in different countries. If I want to purchase a product from Japan, the business in Japan wants JPY, not USD! If I convert it, I am charged a transaction fee from the mediator!

But not anymore with blockchain as I'm sure you all know!

So my team and I are working to fill the informational gap, pretty much. Blockchain fixes all the problems - except, how would customers that are willing to buy from around the world ever know that manufacturers and businesses also from around the world wants to sell their products and accept blockchain currencies?

Our platform fixes that.



The Purpose of this Post


Now what this post is about and what I'd love to hear about from the community:

What do you think our approach to introducing this to the general blockchain community should be?


We want a exceptional experience to all that utilize our platform, and want everyone to try it out when we launch. Our team may travel the world and do some hand-to-hand combat in sourcing the initial suppliers and sellers on the platform, so that our customers get the best deals from around the world.

Thanks in advance for your thoughts, any input from you guys is so very valuable to us!

- Henry from Enteleca

2  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies on: May 17, 2017, 01:15:56 AM

@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 Smiley
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!
3  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies on: May 17, 2017, 12:17:10 AM

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
4  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies on: May 16, 2017, 08:36:51 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.

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!
5  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies on: May 16, 2017, 04:53:30 AM
Hi,

I just purchased an unlimited copy of your software!

I implemented my tradehistory file for the Poloniex exchange.

It turns out I have a -$300,000 loss and a -$119,000 tax to pay.

I actually don't.

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.
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