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CoinTracker raises $1.5M to make tracking cryptocurrency investments easy
- tarstarr 8y agolove cointracker! super useful while doing my taxes, couldn't have done it without them.
- mattbeckman 8y agoI 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.
- kumarski 8y agoWe launched zenledger.io There's going to be many players in this space across geographies and more. Godspeed to them all.
- flurdy 8y agoMore choice is good. I wrote my own cryptocurrency portfolio management tool https://tulips.flurdy.io 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.
- drharby 8y agoTulips lol I see what you did there
- criddell 8y agoInvestments? When you buy a crypto currency, what are you investing in?
- deadmetheny 8y agoHot air, quite literally in the case of mining pool server farm energy waste.
- 908087 8y agoDelusional dreams of vast riches seems to be the common theme.
- alleghoryjones 8y agoThe dreams haven't been so delusional thus far.
- alehul 8y agoWhile you're being downvoted, I wouldn't necessarily disagree. On the stock market (which we consider a more legitimate investment), share price is entirely driven by perception and the amount of buyers vs sellers. This resembles cryptocurrencies as well. The difference, however, is that there is an underlying company you're betting on with a stock, and buyers often believe that a company will have more buyers in the future due to the company's performance and its actual returns. Cryptocurrencies are a much more volatile, short-term investment with virtually no regulations, and there's very rarely an underlying bet aside from "this sounds good and will sound good to other people too."
- wuliwong 8y agoThere maybe little in the way of special regulations for cryptocurrencies but certainly fraud is still illegal, no matter the specific industry or asset. I think when people say there are 'no regulations' it communicates an idea that theft, fraud and/or violating contracts are not prosecutable. Maybe that's my own flawed interpretation but I believe that's how it comes across to the average person.
- wpietri 8y agoThank 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.
- htormey 8y agoCointracker 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.
- _fs 8y agoI tried it before and found https://cointracking.info/ 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.
- chanfest22 8y ago(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 https://www.cointracker.io and see how we can improve further.
- NeonVice 8y agoCan we please get xpub import? I use a trezor and importing each wallet address is a pain. Thanks for a great service. I used it for my taxes this year.
- chanfest22 8y agoComing soon!
- siukwai 8y agoDoes CoinTracker support ethereum (smart contract) multi-sig wallets?
- chanfest22 8y agoCould you share an example to feedback@cointracker.io?
- lemoncucumber 8y agoI used CoinTracker this year to help me figure out how to report cryptocurrency on my taxes, and felt like it was a total ripoff. $50 for a two line csv file? Give me a break.
- donjh 8y agoGreat product and great team. Congrats Cointracker
- cup-of-tea 8y agoAre 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.
- CiPHPerCoder 8y agoCan the title be updated to say 'cryptocurrency' rather than 'crypto'? http://cryptoisnotcryptocurrency.com http://cryptoisnotcryptocurrency.com
- wanderfowl 8y agoAgreed. 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.
- owlninja 8y agoIf cryptography was exciting to the non-IT crowd it would still hold the belt, but...
- rando444 8y agoI think you mean that we'll come to accept it, correct? Much like we accept that most people say 'USB' when they mean memory stick, or when someone says the word 'microwave' we assume they are talking about the metal oven that cooks their food.
- asasidh 8y agowhen enough people start to say crypto to mean cryptocurrency, the meaning will change.
- jacobr 8y agoWhich type of cryptography investments do you think readers will confuse this with?
- CiPHPerCoder 8y agoThe other day someone invested $50MM into a non-profit to further the development of Signal/WhatsApp, two phone apps that provide end-to-end encryption for billions of people around the world. That's a crypto investment that has nothing to do with blockchainiacs.
- AznHisoka 8y agoCoin trackers are all commodities. 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 :)
- flashmob 8y agoThese 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!
- BenElgar 8y agoWhy is that a golden rule? Genuine curiosity.
- gonzoflip 8y agoI believe people say that because by announcing your digital assets you are making yourself a target and raising the opportunity benefit of compromising your computer and/or web accounts.
- berberous 8y agoThat's a great point. Imagine if one of these sites got hacked. A hacker could literally walk away with a list of emails, each exchange on which that person has an account, and a list of assets. Time to sort by most valuable account, and go spear phishing...
- synthmeat 8y agoMeh. It can be done pretty damn good. †[1] † Not affiliated in any way. [1] https://www.cryptocompare.com/portfolio-public/ https://www.cryptocompare.com/portfolio-public/
- kolinko 8y agoThat'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. I hope more startups picked up this way.
- jumpbug 8y agoDoes 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
- tada123 8y agoThe number one automatic tax calculation is CryptoInsight (https://www.trackr.im/ 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).
- tada123 8y agoFYI - they are using TKR token for their project - https://coinmarketcap.com/currencies/trackr/ https://coinmarketcap.com/currencies/trackr/
- velcro 8y agoHave taken a quick look at it, still seems in very early stage. Keep up the good work! Is the platform releasing soon? BTW whats the purpose of having your own token? What is it used for?
- iblaine 8y agoI 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.
- jumpbug 8y agoideally that would be true, but 95% of the people i know who have bought cryptocurrency have bought it for the investment.
- stouset 8y agoAnd do you not see why this is a problem?
- lallysingh 8y agoWhy? It helps preserve and stabilize the value of the currencies.
- mihaifm 8y agoTrue. That's the role of speculators in any market. They buy stuff that nobody wants, this way preventing the price from falling too hard. I always buy my T-shirts in the winter. They're cheaper.
- a13n 8y agoThe market makes up its own mind
- Proven 8y agoMakes tracking easy, huh... I don’t like that. One subpoena and you’re done.