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Launch HN: CoinTracker (YC W18) – Cryptocurrency portfolio and tax manager

news.ycombinator.com

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Re: Launch HN: CoinTracker (YC W18) – Cryptocurrency portfolio and tax manager

#21

Post by capoDanger »

itamarst wrote: post #16
liquidise wrote: post #8

Earlier quoted context omitted.

This is a shockingly dismissive comment for the space. I understand that cryptocurrencies are a divisive topic, particularly on HN. Dismissing the hard work of a startup showing off what i believe to be a well-executed marketing page and tool is not only shortsighted, but goes against the very philosophies of Hacker News in general.

Well-executed marketing in the service of helping people lose their savings.

I hope no one is investing all of their savings in any one type of asset, let alone cryptocurrency. Generally people diversify their investments according to their risk-tolerance. I am fairly young and not that risk-averse but still only have a tiny fraction of my investment portfolio in cryptocurrency.

Re: Launch HN: CoinTracker (YC W18) – Cryptocurrency portfolio and tax manager

#22

Post by chanfest22 »

a_d wrote: post #14

1. Cryptocurrencies as an asset class has a broad spectrum of "investors" - tech-savvy millennials, high-net-worth individuals, family offices, financial advisors on behalf of clients, sophisticated hedge funds and a ton of "regular folks" (e.g. moms putting a bit of their savings). Any effort that builds tools to navigate this space is a good direction. 2. Crypto bubble is unique because institutions are the last on…

Great points & feedback — thank you!

#1 – agreed #2 – this is fair. We have some ideas on how we can help with these types of warnings appropriately and will work on integrating them #3 – agreed #4 – we are with you! Taxes are just the beginning :)

Re: Launch HN: CoinTracker (YC W18) – Cryptocurrency portfolio and tax manager

#23

Post by hisabness »

chanfest22 wrote: post #15
hisabness wrote: post #6

I'm a blockchain investor at [redacted] if you want to talk more. Initial thoughts: -A solution in your space is badly needed. Fund administrators really need an option that is better than cointracking.info and coinigy. A lot of these folks are looking at partnering with Libra here in the near future. -your offering as is, is too limited. anyone investing seriously in the space owns a lot more than than the 4 coins a…

Thanks for the kind words! We definitely have a long way to go and lots more features need to be added (and will be soon). Re: wallets — for local wallets we currently support BTC, LTC, ETH, DOGE, and all ERC20 tokens. Additionally, from manual transactions and exchanges, we support over 2,000 coins and tokens. We'd love your feedback as to which additional features and coins you would find most useful to add to our…

cool. would love to see NEO (and related tokens), Stellar, ZEC,BCH, EOS (when they transition to their own chain), Dash, ADA, Monero, and Ripple for the XRP fan bois.

Please do keep me posted in regard to investment opps. Thanks.

Re: Launch HN: CoinTracker (YC W18) – Cryptocurrency portfolio and tax manager

#24

Post by chanfest22 »

hisabness wrote: post #23
chanfest22 wrote: post #15

Earlier quoted context omitted.

Thanks for the kind words! We definitely have a long way to go and lots more features need to be added (and will be soon). Re: wallets — for local wallets we currently support BTC, LTC, ETH, DOGE, and all ERC20 tokens. Additionally, from manual transactions and exchanges, we support over 2,000 coins and tokens. We'd love your feedback as to which additional features and coins you would find most useful to add to our…

cool. would love to see NEO (and related tokens), Stellar, ZEC,BCH, EOS (when they transition to their own chain), Dash, ADA, Monero, and Ripple for the XRP fan bois. Please do keep me posted in regard to investment opps. Thanks.

Awesome, thanks for this list! We will add all of them.

In addition, what is the best way to get in touch with you (website?)

Re: Launch HN: CoinTracker (YC W18) – Cryptocurrency portfolio and tax manager

#25

Post by xur17 »

Do you support bulk imports from csv or some other format? I currently use cointracking, and would love to try this out, but I have a decent number of transactions stored in Cointracking that I'd like to bring over.

Also, I'm curious how you handle internal transactions for Ethereum contracts. Specifically I have a large number of transactions with Ethereum contracts that I had to write several hundred lines of code to correctly export to csv because none of the existing solutions support this properly.

Re: Launch HN: CoinTracker (YC W18) – Cryptocurrency portfolio and tax manager

#26

Post by [deleted] »

chanfest22 wrote: post #24
hisabness wrote: post #23

Earlier quoted context omitted.

cool. would love to see NEO (and related tokens), Stellar, ZEC,BCH, EOS (when they transition to their own chain), Dash, ADA, Monero, and Ripple for the XRP fan bois. Please do keep me posted in regard to investment opps. Thanks.

Awesome, thanks for this list! We will add all of them. In addition, what is the best way to get in touch with you (website?)

[deleted]

Re: Launch HN: CoinTracker (YC W18) – Cryptocurrency portfolio and tax manager

#27

Post by chanfest22 »

xur17 wrote: post #25

Do you support bulk imports from csv or some other format? I currently use cointracking, and would love to try this out, but I have a decent number of transactions stored in Cointracking that I'd like to bring over. Also, I'm curious how you handle internal transactions for Ethereum contracts. Specifically I have a large number of transactions with Ethereum contracts that I had to write several hundred lines of code…

RE: CSV — we don't (yet) support general CSV upload though we are working on this feature and will add it soon

Re: SmartContracts — thanks for bringing this to our attention. Is there a public smart contract that you have done this for that you'd be willing to share so we can figure out how to incorporate these types of transactions?

Re: Launch HN: CoinTracker (YC W18) – Cryptocurrency portfolio and tax manager

#28

Post by xur17 »

chanfest22 wrote: post #27
xur17 wrote: post #25

Do you support bulk imports from csv or some other format? I currently use cointracking, and would love to try this out, but I have a decent number of transactions stored in Cointracking that I'd like to bring over. Also, I'm curious how you handle internal transactions for Ethereum contracts. Specifically I have a large number of transactions with Ethereum contracts that I had to write several hundred lines of code…

RE: CSV — we don't (yet) support general CSV upload though we are working on this feature and will add it soon Re: SmartContracts — thanks for bringing this to our attention. Is there a public smart contract that you have done this for that you'd be willing to share so we can figure out how to incorporate these types of transactions?

ReRe SmartContracts: Feel free to shoot me an email (in profile) and I can provide more detail, an address with a ton of example transactions and some of the additional nuances I ran across when trying to solve this problem.

I signed up and the site looks really interesting - you are by far the cleanest solution I have seen. Not sure it is the most robust yet, but I'm sure you'll get there. Best of luck!

Re: Launch HN: CoinTracker (YC W18) – Cryptocurrency portfolio and tax manager

#29

Post by nicpottier »

I plugged in Coinbase out of curiosity as I do need to figure out some taxes here. I don't understand how these calculations are being done however. Seems to be taking cryptocurrency transfers as "selling" events, even though I was just moving to a non-coinbase account. This basically makes this useless for me to track my capital gains. Am I missing something?

Re: Launch HN: CoinTracker (YC W18) – Cryptocurrency portfolio and tax manager

#30

Post by osrec »

As a long term crypto miner, I hope to enjoy using this. Are you thinking of having an API that will let users add a few hundred wallets at once? That would be rather useful feature for a fair number of us I think. Also, loving the fact that you chose to launch this as a PWA. Congrats on getting things going!
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