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1  Bitcoin / Mycelium / Re: Mycelium Bitcoin Wallet on: September 13, 2018, 07:23:00 PM
Someone else made the offer to donate. He didn't solicit it.

That's the trick.
2  Bitcoin / Mycelium / Re: Mycelium Bitcoin Wallet on: September 13, 2018, 08:20:48 AM
Hello
Thanks for the feedback. Lots of good news as always when beimg scammed. Its cool that people are like this. I could never do something like that to soneone else. Our oldest daughter had ewing sarcoma. She is in remission and has been for almost 3 year now. Which is so amazing for my wife and I. Anyway even though she's in remission she still gets scans and she broke her ankle. That's the current situation. The cancer destroyed her nerves in her back that directly affect sensory in the lower left leg. So she broke 3 bones in her ankle and didnt even feel it. 2 months ago she had  scans. All in all its still financially hard for us but were so thankful for her still being her with us. That's why I wanted to try the bitcoin thing. Only 2000 dollars though. I knew that if I let it alone it could really help at some point in time financially. I didnt know it would end like this losing 8000 dollars and I almost went for 11000 becasue I really screwed up amd my wife is going to be upset. I really failed the with our money. But life will go on and great things are yet to come. Never a dull moment. We have 4 kids. One is our adopted niece. Drugs get the best of the best people. Anyway that being said I tell this guy all this info, show him the medical bill from the scan (2950) and he's still trying to scam money from me. What a nice guy. He should be nominated for the electric chair. Better yet can someone hold him for me. I have bank account number and ID from him if anyone knows how to hack into the account and get my money. We can split it. . Again thank you all for saving me 3000 more dollars.
I would also like to thank mycelium ffor all of their efforts. The real mycelium never contacted one time regarding this even though I tried to ask for support multiple times. And they allow people like those I mentioned on there to freely scam others.

[…] If Qazwsxedc123 wants to post a btc address I would make a modest contribution, and I hope a few others would too.

That would be really really cool. 1PP1kz4mw7TeFFWzRTiKCMwnmfGSHX3GfD

Is it only me who finds the story fishy? I cannot discern whether it is true or whether this is an elaborate emotion-phishing scam. My judgment leans toward the latter.
3  Bitcoin / Mycelium / Re: Mycelium Bitcoin Wallet on: September 11, 2018, 08:54:32 AM
Mycelium's Marketplace is meant for one-on-one transactions where you sit next to the trading partner.

A few hints:

  • Arrange a meeting in a restaurant and sit somewhere in the back, not next to the door, to reduce the risk of a scammer running away. To increase your security, ask a friend to act as your bodyguard. Tell him to follow you in a short distance, so that nobody can see that you are together. Let him sit somewhere between you and the exit door.
  • If you have cash in your pocket and want to buy bitcoins, do not describe yourself so the other person can find you. The person selling bitcoins should describe themselves, because they are not as much in danger of getting robbed at this time.
  • Do not carry more than one or two months' of your salary in cash. I would say, no more than $10,000 for a middle-class person.
  • If you carry a large amount of cash and something goes wrong with the communication, consider the risk of getting robbed as you walk away. For example, call a taxi and ask the taxi driver by phone to come in and escort you out.
  • If you buy bitcoins, wait for at least one block confirmation and at the very least for 95% transaction propagation. Mycelium shows the latter as a bar graph in the Marketplace. It shows the block confirmations on the transactions page. Familiarize yourself with these features of Mycelium before you trade in the street. Ideally do a mock trade for a near-zero amount with a friend who also has Mycelium.
4  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies on: December 08, 2017, 10:28:22 AM
English:

A little question about the "CSP-Mode" button:

Is it only about performance or can the wrong choice cause errors?


Deutsch:

Kleine Frage zum Button "CSP-Modus":

Geht es dabei nur um die Performance oder können auch Fehler auftreten, wenn man den falschen Modus verwendet?
5  Bitcoin / Mycelium / Re: Mycelium Bitcoin Wallet on: December 07, 2017, 10:18:30 AM
Do not quote something from me that I have not written.

Apart from that I stand by my original statement.
6  Bitcoin / Mycelium / Re: Mycelium Bitcoin Wallet on: December 07, 2017, 09:46:12 AM
Currently transactions with a tad under 140 satoshi/byte have been confirmed. See https://jochen-hoenicke.de/queue/ for a graphical representation.

But if you are unlucky and have an urgent transaction, there is no need to use the expensive or unreliable transaction accelerators, because Mycelium has its own transaction accelerator built-in. It uses the change of the original transaction with CPFP (Child Pays For Parent).

  • Go to the TRANSACTIONS tab,
  • tap to select the problem transaction, most likely the topmost one,
  • tap the menu button or the three dots/squares in the top right,
  • and tap the "Bump Fee (CPFP)" command.

Mycelium is better than most people think it is.
7  Bitcoin / Mycelium / Re: Mycelium Bitcoin Wallet on: December 04, 2017, 06:51:22 PM
It doesn't matter if they are in the same address or different. Each time your receive a tx its going to create a new unspent output.

So, you are still going to have the same choice of outputs for any transaction. I think spending money to combine your outputs is counter productive. Having all your receives into one address doesn't change the underlying protocol.

So there is really no dust consolidation? I thought there was a way.
8  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies on: December 04, 2017, 11:19:34 AM
My main currency in Cointracking is USD. However, I make both EUR and USD deposits (from a US and a German bank account) in my Kraken account and then I buy BTC (and others) with these deposited funds. For those BTC trades I make from my EUR deposits, the tax form generator spits out an error message and states that no cost basis is present and calculates a 100% gain in USD with a USD 0.00 cost basis. I can not pinpoint where the problem lies as the EUR deposit and trades appear to be correctly imported.

If I'm not mistaken, if your home currency is set to USD then CoinTracking treats euros and all other currencies similar to other investments. Therefore it wants to know when and for how many dollars you bought those euros.

In short, it isn't enough to just transfer euros to an exchange, you have to buy them first and let CoinTracking know that.

If you bought the euros on the same day or if the exchange swapped dollars for euros, you could perhaps, instead of entering them as a "General Deposit (Transfer)"/"Allgemeine Einzahlung (Transfer)", simply declare the euros as "Income"/"Einnahme" to CoinTracking. I believe that CoinTracking then assumes that you bought the euros at that moment for the going euro exchange rate and even inserts that exchange rate automatically.

CoinTracking not only tracks cryptocoin gains and losses, it also tracks currency gains and losses and includes them in your tax calculations.

Note that you have to set your home currency to the one you are taxed in. For example, if you are a German resident then you have to set your home currency to EUR, and all I have written above has to be reversed between EUR and USD.

I don't work for CoinTracking and may be wrong. Don't rely on my hint alone.
9  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies on: December 04, 2017, 11:06:24 AM
Seems like when I incur a fee to simply move crypto from exchange to wallet, I am purchasing a service at that moment and so performing a taxable Spend at that moment for just that fee amount.

It doesn't look like a gain, more like a loss.

Does anybody know more?
10  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies on: November 29, 2017, 02:31:32 PM
How can I enter tax-free coins? Let me give a few examples.

1. I let an exchange or some other kind of company keep coins on my behalf. The company goes bankrupt or at least stops operating. I book the coins as lost. I might not even have used CoinTracking then. Years later the company comes back to life and still has some of my coins. Since they have been held for more than a year, these coins should incur lower or no taxes. How can I book them into CoinTracking without falsely incurring fully taxable gains when I sell them soon thereafter?

2. I lose the key to a wallet and book the coins as lost. Years later I find the key again. Since I have held these coins for longer than a year, they should be taxed lower or not at all. How do I book these in CoinTracking?

3. I win bitcoins in a bet. Winnings from bets are tax-free in my country, so how do I book them in CoinTracking? Obviously they have to be included in FiFo calculations if at all applicable, i.e. when these coins are sold under a FiFo regimen, the sale should be tax-free.

I have to correct my earlier posting and have to rethink bets. I'm not sure about these any more. They may be taxed like gifts, i.e. their acquisition is tax-free, but selling them later is taxed normall. Does anybody have more precise information about how bets are taxed in different countries?

Let me try again for the other two cases. How can I enter tax-free coins? Examples:

1. I let an exchange or some other kind of company keep coins on my behalf. The company halts operations. I book the coins as lost. I might not even have used CoinTracking at the time. Years later the company comes back to life and still has some of my coins. Since they have been held for more than a year, these coins should incur lower or no taxes. How can I book them into CoinTracking without falsely incurring fully taxable gains when I sell them soon thereafter and without having to alter bookings in previous years?

2. I lose the key to a wallet and book the coins as lost. Years later I find the key again. Since I have held these coins for longer than a year, they should be taxed lower or not at all. How do I book these in CoinTracking, again without having to alter historic bookings?
11  Bitcoin / Mycelium / Re: Mycelium Bitcoin Wallet on: November 27, 2017, 05:56:50 PM
Anyone who wants the benefits of SegWit could use Samourai instead.

Samourai is an alpha-test version. I don't even do beta testing.
12  Bitcoin / Mycelium / Re: Mycelium Bitcoin Wallet on: November 27, 2017, 12:25:35 PM
Any ETA for segwit on Mycelium?

Or is Mycelium going to stagnate now?

Didn't somebody here state recently that they are working on SegWit?

I wouldn't like to lose Mycelium. It has advantages over other Android wallets, the Mycelium Marketplace, the Coinapult connection, etc. I also like its user interface, which beats Electrum and Coinomi easily.
13  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies on: November 24, 2017, 04:23:22 PM
I think there needs to be a way to add the transaction (with cost) at just before the paper wallets creation?

Yes, since the wallet neither buys nor sells, it has no effect on the tax.

Perhaps you can simply have your paper wallet loaded with an income transaction on the paper wallet, which, I think, automatically values the coins at the time of the transaction as if you bought them.

I could not find definitions of what the transaction types actually do, so I still have to guess and test a little bit.
14  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies on: November 24, 2017, 09:20:08 AM
How do you integrate a paper wallet held more than 1 year (for long term capital gains benefits) into cointracking?
In the country I am filing in, they only except FIFO. So, I will do my taxes that way for my trading, but with my long term paper wallets (when I roll them into, e.g. Ethereum) I want to legally get the long term capital gains. (Note - I am importing exchange date for the most part.)

I'm not from CoinTracking and they might still reply, but I had the same problem with bitcoins and can say a few words.

The basic idea is that you include all your paper wallet information into your bookkeeping.

You can manually import the paper wallet's bitcoin address into CoinTracking:

  • Click on "Enter Coins".
  • Scroll down to "Bitcoin Wallet Import" and click on it.
  • Copy the paper wallet's public bitcoin address into the field "Your BTC Address".
  • Fill in the rest of the form.
  • Click the "Import …" button.

CoinTracking will then automagically read all coin movements on the paper wallet directly from the blockchain. But, of course, it still cannot know where you got the bitcoins from originally and how much you paid for them.

If the laws of your country, like Germany, make the sale of coins held longer than the limit completely tax-free and if you have held those coins for longer, then it plays no role for how much you bought them for tax purposes. The tax would be zero anyway.

If the law allows a lower tax, but still more than zero, after a certain holding time, like the US, then you still have to provide information on how and for how much you bought the bitcoins, so CoinTracking can determine the gain and the tax.
15  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies on: November 22, 2017, 09:51:58 AM
How can I enter tax-free coins? Let me give a few examples.

1. I let an exchange or some other kind of company keep coins on my behalf. The company goes bankrupt or at least stops operating. I book the coins as lost. I might not even have used CoinTracking then. Years later the company comes back to life and still has some of my coins. Since they have been held for more than a year, these coins should incur lower or no taxes. How can I book them into CoinTracking without falsely incurring fully taxable gains when I sell them soon thereafter?

2. I lose the key to a wallet and book the coins as lost. Years later I find the key again. Since I have held these coins for longer than a year, they should be taxed lower or not at all. How do I book these in CoinTracking?

3. I win bitcoins in a bet. Winnings from bets are tax-free in my country, so how do I book them in CoinTracking? Obviously they have to be included in FiFo calculations if at all applicable, i.e. when these coins are sold under a FiFo regimen, the sale should be tax-free.
16  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies on: November 22, 2017, 09:37:03 AM
I just reached the 200 trades. I was going to upgrade until I saw the ridiculous price. Wow, I'm doing the same thing now with BitcoinTaxes for a tenth of the cost.

I don't think the price is "ridiculous". Programming a system like this is a lot of work which needs to be paid for.

That said, I could imagine other pricing methods. If somebody has more than 200 trades, but has only a thousand dollars in cryptocoins, then the price is probably too high to pay. Perhaps the number of trades is not the best metric to determine a reasonable price.
17  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies on: November 17, 2017, 04:31:34 PM
And here comes the next question.  Smiley

In the table "Balance By Day - All currencies value by day in BTC" I expected to see my total bitcoin holdings on each day. However, the figures are too high, because the exchange fees are not deducted.

How does this work? The fees have clearly been entered. I can see them in the overview table. Or, to put it differently, how can I check my actual coin holdings?
18  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies on: November 17, 2017, 09:49:54 AM
@hgmichna
- Wallets only contain deposit and withdrawal information.

- I guess you are referring to the wording in our system.
We always use the terms "buy" and "sell" in our software, also for deposits and withdrawals,
because all transactions are always an inflow, or an outflow and we need to use consistent names.

- Sure we already provide a CSV import for some Wallets. For example for Mycelium. It is possible to reflect your current holdings after using it.

- It's a misunderstanding. If you add all data for every address, our system recognizes the transactions between two destinations.
For example you have added Wallet A with all transactions and Wallet B with all transactions, all movements between these sources are already taken into account.

Thanks for your first-class support!

The longer I work with CoinTracking, the better I understand it and the more I like it. It is rare to see a computer program that is well thought-out and covers all the needs of the user. So far CoinTracking looks like this to me. You even thought of time zone corrections for foreign exchanges, to give just one example.
19  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies on: November 13, 2017, 10:33:30 AM

- The holding period is considered, even if you sent funds back and forth between different destinations.

- We hope we are able to implement such a functionality for HD Wallets in the future. Thanks for sharing your thoughts. …

Thanks! I begin to understand how CoinTracking works. One thought is that CoinTracking could check whether coins are only moved between different wallets and warn the user if she mistakenly labels such a movement as a purchase or sale.

As to HD wallets like Mycelium, CoinTracking could import a CSV file, pick out the addresses, and process each one just like a single-address wallet. For those wallets that have a built-in buy and sell functionality, that would have to be dealt with separately.

All other information in a wallet CSV file could be used to match coin movements from and to other wallets, which CoinTracking currently does not do, as far as I understand.


- We already enable our users to add precious metals to their portfolio and to use all our reports and analyses in order to track them.
It's very easy to enter assets like Gold, Silver and many more on our "Enter Coins" page.
Please take a look at it. …

I feel stupid. Should have checked that. Thanks again!

I think Vaultoro currently has no  CSV or other export, so users have to copy the displayed tables and do a lot of manual reformatting. I guess though that Vaultoro will add an export function, hopefully soon.
20  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies on: November 12, 2017, 01:53:23 PM
Would it be possible to start tracking preciosu metals such as XAG and XAU …

I second this. A prime example is Vaultoro, an exchange that trades bitcoin only for gold and vice versa.

It may not even require much of a code change, as the behavior of gold or other raw materials is not different from that of an altcoin.
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