I tried it before and found https://cointracking.info/ much more useful in nearly all comparisons. Better tax info and preperation, better syncing, more supported sync targets, faster updates, more tracked coins, and better stats pages. And this is all on the free version of coointracking. If you pay the yearly fee, the auto syncing and auto-wallet sync is a huge standout.
(co-founder of CoinTracker here). CoinTracking is indeed a great tool. That said we have also made a lot of progress over the last several weeks and now support unlimited free tracking with auto-syncing (no yearly fee!). We'd love for you to take another look at https://www.cointracker.io and see how we can improve further.
I checked this out but fell at the first hurdle. CoinTracker connects to your Coinbase account and auto-imports. CoinTracking requires you to go through an export/import cycle whenever you make more trades. Yikes.
Does anybody else not worry about providing access to their investments via direct access to the various exchanges? If they are hacked, they have a direct pipeline to my accounts? Surely not all exchanges are setup to provide secure read only data? And what about the initial auth connection?
I just hate to add another point of vulnerability into an area that is no doubt being heavily targeted by hacking groups
These coin/porfolio trackers are a privacy nightmare. You're basically telling some stranger your detailed crypto finances, and it's unknown how your data may be used.
One of the golden rules in crypto is to never disclose your holdings to anyone on the internet, yet people are using these apps without a second thought!
That's why in Trivial.co we all things client-side only, with the data never touching the servers - that's true for your accounts, but also for stuff like tokens that you watch, and so on.
Thank you for saying so. As far as I'm concerned, it's speculation, not investment. Investment has some sort of underlying productive asset which one gets a part of and that then hopefully pays returns. Speculation is betting money on price movements.
As long as we're trying to rehabilitate financial terms, cryptocurrencies don't have "market caps". Stocks do, because they represent companies which could plausibly be purchased in one go for something near that number. But currencies and commodities don't have market caps, because buying up an entire currency a) doesn't make any sense (the value of a currency is in its continued circulation), and b) would wildly distort the price if even a fraction of the total were purchased.
It's the same as with other investments. You're putting some money in, with the hope that the thing you buy will appreciate in the future.
When you buy stocks what exactly do you buy? Some stake in a company? Nonsense. You're just hoping that company will do well and your stock will appreciate.
Sure you can invest in commodities like oil or gold. Does that mean that an oil tank will be delivered to you door? No. You're just creating a virtual position with that commodity, hoping to close it later at a better price.
the ability of a consensus protocol & its associated distributed system(s) to preserve an accurate history in the face of a multi-million (or billion) dollar bug bounty and/or state-level attack. You get a price that discounts the risk of failure on that front and the failure to win mindshare / real use.
There are many strong arguments as to why that's a bad bet, but that's the bet IMO.
Just like any currency - the goods that can be traded for it. Not useful as a currency in places with solid currencies like the US or EU, but some countries have poorly functioning currencies where cryptocurrencies provide some benefit. Also, it has value as a transfer currency, like when your own country limits how much money you can take out of the country.
In places where you can move money easily, and the local currency is stable and generally usable, then it's basically a trading commodity like gold or oil.
I prefer CoinTracker over Bitcoin.Tax, but I hope they add the ability to import en masse for next year. I use a decentralized exchange (BitShares), and I had to switch from CoinTracker to Bitcoin.Tax because of a few thousand trades I had to track. If I was just trading on Coinbase/Gdax/Bittrex, then I would have stuck with CoinTracker for sure.
The number one automatic tax calculation is CryptoInsight (https://www.trackr.im/), they're coming up with a new version that automatically synchronize your exchange/s accounts and trading, according to your country of origin (for tax purposes).
I wish people would refer to crypto as a service and not an investment. The goal of these alt coins is to enable services. People are doing a disservice to the industry by referring to them or using them as an investment.
Cointracker is my goto for automatically tracking trades across multiple exchanges and wallets. I don't even use it for Taxes yet. It's really worth checking out. I expect big things from these guys.
Agreed. As pointless as railing against language change is, it bothers me a bit that 'crypto' has come to be synonymous with a very small (yet very loud) area of the application of Cryptography. But this too shall pass.
Are people still doing this crypto stuff? I'm an "early adopter" of Bitcoin. Made a 1000% return on my initial "investment". I got into it because we need decentralised electronic cash. The investment part is ridiculous, though.
[+] [-] _fs|8 years ago|reply
[+] [-] chanfest22|8 years ago|reply
[+] [-] LeoPanthera|8 years ago|reply
[+] [-] cft|8 years ago|reply
[+] [-] jumpbug|8 years ago|reply
I just hate to add another point of vulnerability into an area that is no doubt being heavily targeted by hacking groups
[+] [-] cft|8 years ago|reply
[+] [-] mihaifm|8 years ago|reply
[+] [-] flashmob|8 years ago|reply
One of the golden rules in crypto is to never disclose your holdings to anyone on the internet, yet people are using these apps without a second thought!
[+] [-] BenElgar|8 years ago|reply
[+] [-] kolinko|8 years ago|reply
I hope more startups picked up this way.
[+] [-] synthmeat|8 years ago|reply
† Not affiliated in any way.
[1] https://www.cryptocompare.com/portfolio-public/
[+] [-] criddell|8 years ago|reply
[+] [-] wpietri|8 years ago|reply
As long as we're trying to rehabilitate financial terms, cryptocurrencies don't have "market caps". Stocks do, because they represent companies which could plausibly be purchased in one go for something near that number. But currencies and commodities don't have market caps, because buying up an entire currency a) doesn't make any sense (the value of a currency is in its continued circulation), and b) would wildly distort the price if even a fraction of the total were purchased.
[+] [-] mihaifm|8 years ago|reply
When you buy stocks what exactly do you buy? Some stake in a company? Nonsense. You're just hoping that company will do well and your stock will appreciate.
Sure you can invest in commodities like oil or gold. Does that mean that an oil tank will be delivered to you door? No. You're just creating a virtual position with that commodity, hoping to close it later at a better price.
Same with crypto currencies.
[+] [-] deadmetheny|8 years ago|reply
[+] [-] jraines|8 years ago|reply
There are many strong arguments as to why that's a bad bet, but that's the bet IMO.
[+] [-] lallysingh|8 years ago|reply
In places where you can move money easily, and the local currency is stable and generally usable, then it's basically a trading commodity like gold or oil.
[+] [-] hyprCoin|8 years ago|reply
[+] [-] 908087|8 years ago|reply
[+] [-] cft|8 years ago|reply
[+] [-] mattbeckman|8 years ago|reply
[+] [-] tada123|8 years ago|reply
[+] [-] tada123|8 years ago|reply
[+] [-] velcro|8 years ago|reply
BTW whats the purpose of having your own token? What is it used for?
[+] [-] iblaine|8 years ago|reply
[+] [-] jumpbug|8 years ago|reply
[+] [-] htormey|8 years ago|reply
[+] [-] AznHisoka|8 years ago|reply
In fact, the best tracker is the one where the price of the coins I am holding increases.
Please optimize for that one single metric, coin tracker creators :)
[+] [-] donjh|8 years ago|reply
[+] [-] tarstarr|8 years ago|reply
[+] [-] kumarski|8 years ago|reply
There's going to be many players in this space across geographies and more.
Godspeed to them all.
[+] [-] flurdy|8 years ago|reply
I wrote my own cryptocurrency portfolio management tool https://tulips.flurdy.io to replace a complicated a spreadsheet I used before.
Still needs plenty of polish and still beta, but Tulips works for me.
[+] [-] CiPHPerCoder|8 years ago|reply
http://cryptoisnotcryptocurrency.com
[+] [-] wanderfowl|8 years ago|reply
[+] [-] jacobr|8 years ago|reply
[+] [-] TomK32|8 years ago|reply
[+] [-] asasidh|8 years ago|reply
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[+] [-] Proven|8 years ago|reply
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[+] [-] cup-of-tea|8 years ago|reply