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Hey there. I am a small timer. Had bought a few things end of 2017, and between then and now, didn't amount to anything major. Learnt a few things in the process.
However, I finally decided I want to have decent overview of start to finish. The problem is, I have used many different exchanges and wallets. And a few of them are not supported by any tool I have found. Plus two don't even let met export CSV, and doing it manually would be an utter hell to sort out. LiteBit.eu, Bitvavo and Anycoindirect especially are not supported by anything.
Any suggestions? On one hand, doing all the things that aren't supported manually is an utter hell. Especially since I have used many different exchanges and wallets to send things back and forth.
On the other hand I don't think I need to sort out anything between 2017 and 2020, since I wasn't even close to have any gains that are taxable. Therefor starting "clean" from 2020, with at least the knowledge of at what price I bought certain coins which that I hold.
If, in an unlikely event, I would eventually rise up to taxable gains. Would it be OK to just keep track of all I did since this year? Plus knowing at what price I bought certain coins that I am hodling since way before this year.
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40% in Ethereum? Why dont you consider the idea of investing that money on other altcoins that have more potential than ethereum in a short term? It can take you months to duply that money if you invest it all on bitcoin or ethereum (if we have a bad season for both) But if you are lucky, you can easily double that money just by investing in an ico or just in some altcoins that are listed right now but are skyrocketing.
I figured I needed a buffer that is relatively safe, so not to waste all of it. Since Ethereum is relatively stable, or so they say. Fair point though, will look into it a bit more. |
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Hi guys, I have recently decided (after much consideration and looking on the internet) to invest in some altcoins/coins.
Nothing big, I'm a small time player, around 200 euros I invested (just shortly after bitcoin and all else took a huge fall). Nothing I can't miss if it all goes sour. Spread into a bunch which I have decided I wanted to hold on to long term. I am in it for the long haul, so to speak.
About 40% in Ethereum, 20% in bitcoin -- as a general base. And the rest I spread into the other smaller altcoins I have decided to invest in (unevenly): Zcash, Waves, Verge, Stellar Lumens, Ripple, IOTA and Cardano.
The thing I am currently brainstorming about, is that I don't mind it currently being on two seperate exchange wallets online. However, eventually I want to put it into a safer area - since I do not plan to daytrade regularly. I have already contemplated a desktop wallet , or a cold storage kind of way.
I have seen the Ledger Nano S, and the electrum desktop wallet etc. All nice, except I have invested in so many coins, there is none that can fit into one place.
What is the general advice that you folks could give me? For safe-keeping.
Grats on getting started! Here's a post which covers securing your crypto investments exhaustively. You might find it helpful. Link - https://steemit.com/bitcoin/@notsofast/4-ways-to-secure-your-bags-bitcoin-altcoins-cryptoasset-tokens-whatever-a-notsofast-security-primerThanks! And thanks for the link, will be very helpful in deciding what to do next. |
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Hi guys, I have recently decided (after much consideration and looking on the internet) to invest in some altcoins/coins.
Nothing big, I'm a small time player, around 200 euros I invested (just shortly after bitcoin and all else took a huge fall). Nothing I can't miss if it all goes sour. Spread into a bunch which I have decided I wanted to hold on to long term. I am in it for the long haul, so to speak.
About 40% in Ethereum, 20% in bitcoin -- as a general base. And the rest I spread into the other smaller altcoins I have decided to invest in (unevenly): Zcash, Waves, Verge, Stellar Lumens, Ripple, IOTA and Cardano.
The thing I am currently brainstorming about, is that I don't mind it currently being on two seperate exchange wallets online. However, eventually I want to put it into a safer area - since I do not plan to daytrade regularly. I have already contemplated a desktop wallet , or a cold storage kind of way.
I have seen the Ledger Nano S, and the electrum desktop wallet etc. All nice, except I have invested in so many coins, there is none that can fit into one place.
What is the general advice that you folks could give me? For safe-keeping.
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