CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies

[Dario3000]

Hey guys,

I have added a new function into the gains page called "Add Deposits & Withdrawals to remaining amount"
Activating this function will show the same values as in the dashboard.

Disable: Calculates all gains and the costs basis from trades only. (recommended)
The remaining amount of a coin can deviate from the values in the dashboard, because deposits and withdrawals will not be included.

Enable: Includes all deposits and withdrawals into the calculation.
Gains and the cost basis will change as deposits and withdrawals do not have a cost basis.

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[coolcash]

Do I need to pay for each account if I link them? I am using a trading bot which generates thousands of trades. It would be nice to separate each account out, but might become very costly to do that.

Thanks.

[Dario3000]

Do I need to pay for each account if I link them? I am using a trading bot which generates thousands of trades. It would be nice to separate each account out, but might become very costly to do that.

Thanks.

Hey coolcash,

No, you don't have to pay multiple times

See the info on the upgrade page:
For users with multiple accounts, all current and future accounts will be upgraded when purchasing CoinTracking Pro or Unlimited.

Best, Dario

[ebliever]

Bitcoin price in cointracking.info has been stuck at $2,503.83 for several hours now.

[Dario3000]

Bitcoin price in cointracking.info has been stuck at $2,503.83 for several hours now.

Thanks. It's updating again.
BitcoinAverage has disabled their old free API without letting users know

[sgjenks01]

I have added a new function into the gains page called "Add Deposits & Withdrawals to remaining amount"
Activating this function will show the same values as in the dashboard.

Disable: Calculates all gains and the costs basis from trades only. (recommended)
The remaining amount of a coin can deviate from the values in the dashboard, because deposits and withdrawals will not be included.

Dario,
Thanks for implementing a solution so quickly.

However, I am curious why you recommend not using this option.

In the case of deposits from mining, shouldn't the basis of those coins be zero and thereby "average down" the cost basis of all those coins which are owned?
Conversely, if a person sells a coin in exchange for goods and services (a withdrawal), wouldn't that result in a gain or loss on the number of coins sold using the current market price of the coin versus the basis for all coins owned at that point in time based?

Please help me understand your recommendation.

Thanks,

Steve

[BitcoinPC]

It looks interesting but seems that you have the clients collecting all the info themselves.  We stopped at the first entry.  If I have to get the buy in price, sell price and all of that, then why don't I simply do the last few little steps myself and graph the info.  No one is going to give you account access to other accounts, which would be the only real way to get this done, because there is no reason to trust you.

[Bermuda666]

We are sorry guys,

at the moment there seem to be big problems with IOTA and our price is not correct.

We are currently working on that and we just wanted to let you know.

Please have patience. We hope we are able to fix it as soon as possible.

Thank you.

Beat regards,
Keven

[Dario3000]

Sorry for the IOTA issues.
Multiple price APIs have changed the ticker and the decimals already 5 times in the last 3 days.
I really hope this was the last time

All IOTA prices are back again.


@sgjenks01:
It's just a recommendation and not a must-use option.
I'm using the gains page myself to see the profit I already did with my trade-sales and the profit I could achieve right now by selling my assets.
Adding your minings into that calculation will always distorts the values as they don't have a cost basis.

Let's say your overall cost basis is 2600 USD per BTC and the current price is 2500 USD.
It tells you to wait for the price to go up by 100 USD to break even.

Adding minings into that calculation could result in a cost basis of 1200 USD.
The value would still be correct, but I does not tell you the break even of your trades any more, but for a mix of trades and minings.

But that's why I have created a checkbox for this option. You can enable and disable it, to check both possible values.


@BitcoinPC:
You can register completely anonymous. You do not even have to enter an email address.
Our tool was designed for your convenience, so you do not have to track thousands of trades by hand in a list.
If you don't like it, use Excel

Have a great weekend,
Dario

[sgjenks01]

Adding minings into that calculation could result in a cost basis of 1200 USD.
The value would still be correct, but I does not tell you the break even of your trades any more, but for a mix of trades and minings.

@Dario,
If only my mining would result in a cost basis of 1200 USD! 

But I do see your point. An analogy in stocks might look at mining activity like dividends. If you have a stock that pays dividends, you can evaluate your trading based on the price you paid or you can look at your total investment by reducing the basis by subtracting the dividends. Both points of view are valid and are for two different purposes. I think the explanation you added to the Info popup clearly explains what the button does. I'm just not sure people using the platform will understand the reasons for displaying the results two different ways. But maybe I'm just a little slow sometimes. 

Thanks,

Steve

[sgjenks01]

Hi Guys,

On a different subject, I see that HERO is now listed as a "Dead Coin". It's anything but. Perhaps there was a coin called HERO that "died", but HERO is alive and well and trading on the Bitshaes Exchange.

Here's the latest quote:

HERO : bitUSD
price: 159.83101
volume: 14.97k
change: 3.12%

Can you bring it back from the dead?

Thanks,

Steve

[Dario3000]

Thanks,

Yeah, there was already a coins called HERO.
As soon the new coins will be listed here coinmarketcap.com or here cryptocoincharts.info (currently having issues), it will be listed automatically on CoinTracking.
This happens usually 0-3 days after a coins was listed on an exchange.

Dario

[Prodigy4]

The import of my BTC wallet transactions worked perfectly but now it doesn't add the future transactions. How can I fix this?

[Dario3000]

Hey, all transactions are checked every few hours.
What time was the last BTC transaction for your address?

Please let me know via support ticket, so I can have a look if it does not import it within the next 2-3 hours.

Dario

[Dario3000]

@Prodigy4
I have checked your BTC address.
There are 6 transactions and all of them have already been imported into your account.

Dario

[DehiDehi]

Hey there,
When I export my trade history from exchange platforms (such as GDAX and Bittrex) and import them into Cointracking, I noticed the trade timestamps change by -2 hours. As a result, my portfolio value is quite inaccurate.
My timezone is correctly configurated in those exchange platforms (UTC+1), but when it comes to Cointracking it changes all the times to UTC -1. My Cointracking account timezone is UTG+1 aswell.

Here are two screenshots featuring a trade I did on Bittrex that illustrates my issue: http://imgur.com/a/o6jku

Can you help?
Cheers

[hessenbob]

Dashboard reported amount does not match amount shown  on ethplorer.io.


I've imported my purchases and trades from Bittrex without any issue.  I transferred all of my ETH to my Trezor, which has a MEW address.  The amount shown in Trezor/MEW matches ethplorer.io, however, the Cointracking database underreports my ETH by about 25%.  I have deleted and reimported my trades and MEW address multiple times, but cannot get Cointracking database to match the amount in MEW.

Additionally, when I manually input a trade to reflect the difference, the Cointracking database then overrepresents the ETH amount. 

 
Any suggestions?

[Bermuda666]

Hey there,
When I export my trade history from exchange platforms (such as GDAX and Bittrex) and import them into Cointracking, I noticed the trade timestamps change by -2 hours. As a result, my portfolio value is quite inaccurate.
My timezone is correctly configurated in those exchange platforms (UTC+1), but when it comes to Cointracking it changes all the times to UTC -1. My Cointracking account timezone is UTG+1 aswell.

Here are two screenshots featuring a trade I did on Bittrex that illustrates my issue: http://imgur.com/a/o6jku

Can you help?
Cheers

Hi @DehiDehi,

thank you for getting in touch with us.
You are right, we still have some problems with the timestamps.

We are currently working on a solution for this problem and we hope to get it integrated over the next weeks.
Sorry for inconvenience, we do our best to solve this problem as soon as possible.

Thanks for your patience.

Best regards,
Keven

[Bermuda666]

Dashboard reported amount does not match amount shown  on ethplorer.io.


I've imported my purchases and trades from Bittrex without any issue.  I transferred all of my ETH to my Trezor, which has a MEW address.  The amount shown in Trezor/MEW matches ethplorer.io, however, the Cointracking database underreports my ETH by about 25%.  I have deleted and reimported my trades and MEW address multiple times, but cannot get Cointracking database to match the amount in MEW.

Additionally, when I manually input a trade to reflect the difference, the Cointracking database then overrepresents the ETH amount. 

 
Any suggestions?

Hey @hessenbob,

thanks for submitting your problem.

At the moment I can´t say why this happens, but I´m going to speak to my colleague and we will see what could be the cause of this problem.
Please have patience, we´ll send an answer as soon as possible.

Thank you,
Kind regards,
Keven

[Dario3000]

@hessenbob, thanks a lot.
Can you please create a ticket here https://cointracking.info/feedback.php and post your ETH address.
It's hard to say without any details.

It could be an internal or an unconfirmed transaction.

Best,
Dario