61–70 of 94 posts
Investments? When you buy a crypto currency, what are you investing in?
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.
Earlier quoted context omitted.
And do you not see why this is a problem?
Why? It helps preserve and stabilize the value of the currencies.
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 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.
Investments? When you buy a crypto currency, what are you investing in?
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…
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.
Does cointracking generate 8949 statements when you have >100k transactions?
Earlier quoted context omitted.
Does cointracking generate 8949 statements when you have >100k transactions?
I am too interested in this. It'd be a massive stack of 8949s.
https://www.irs.gov/instructions/i8949#idm140253115164448 see Exception 2
My statement had 390 pages.
Earlier quoted context omitted.
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…
isn't most investing speculative though?
Earlier quoted context omitted.
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…
isn't most investing speculative though?
The fact that cryptocurrency markets aren't regulated -- and, in fact, are frequently manipulated by schemes that would be illegal in any other marketplace -- doesn't help, either...