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.
CoinTracker raises $1.5M to make tracking cryptocurrency investments easy
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Re: CoinTracker raises $1.5M to make tracking cryptocurrency investments easy
#12Investments? When you buy a crypto currency, what are you investing in?
Hot air, quite literally in the case of mining pool server farm energy waste.
Re: CoinTracker raises $1.5M to make tracking cryptocurrency investments easy
#13I 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.
Re: CoinTracker raises $1.5M to make tracking cryptocurrency investments easy
#14Can the title be updated to say 'cryptocurrency' rather than 'crypto'?
Re: CoinTracker raises $1.5M to make tracking cryptocurrency investments easy
#15Investments? When you buy a crypto currency, what are you investing in?
Delusional dreams of vast riches seems to be the common theme.
While 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."
Re: CoinTracker raises $1.5M to make tracking cryptocurrency investments easy
#16Can the title be updated to say 'cryptocurrency' rather than 'crypto'? http://cryptoisnotcryptocurrency.com
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.
Re: CoinTracker raises $1.5M to make tracking cryptocurrency investments easy
#17Can the title be updated to say 'cryptocurrency' rather than 'crypto'? http://cryptoisnotcryptocurrency.com
when enough people start to say crypto to mean cryptocurrency, the meaning will change.
Re: CoinTracker raises $1.5M to make tracking cryptocurrency investments easy
#18Can the title be updated to say 'cryptocurrency' rather than 'crypto'? http://cryptoisnotcryptocurrency.com
Which type of cryptography investments do you think readers will confuse this with?
Re: CoinTracker raises $1.5M to make tracking cryptocurrency investments easy
#19Coin 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 :)
Re: CoinTracker raises $1.5M to make tracking cryptocurrency investments easy
#20Can the title be updated to say 'cryptocurrency' rather than 'crypto'? http://cryptoisnotcryptocurrency.com
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.
If cryptography was exciting to the non-IT crowd it would still hold the belt, but...