What I just bought/sold - thread (Cryptocurrencies)

Cryptocurrencies
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You can announce cryptocurrency purchases and sales here.

I’ll start:

Cardano (ADA) purchase at the beginning of January

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Quant Network (QNT) - a small slice for long-term hold last week. Firmly 27 percent down with expenses ATM.

And at the turn of last month, a bit of Bitcoin XBT certificate from Nordnet.

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I bought a tiny slice of BTC last week. I use Coinmotion. There are tons of places to buy crypto. Would it be good to also mention where one bought it? Or at least I’m interested in how the field is distributed and what others use.

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Last night, around 2 AM, I bought a small amount of both Bitcoin and Ethereum when they were dropping. It seems I could have gotten them cheaper later today, but that’s just how it is. I use Coinbase.

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Cardano (ADA) purchased

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Where do you buy Cardano?

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Binance. It’s probably the most popular.

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Just out of curiosity, why do you buy Ada?

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Fork coming up, I believe, on 1.3

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Cardano is a competing platform for Ethereum, which seems to be congested and has expensive transactions. In addition, that fork is indeed coming.

I bought Ada from eToro.
Over the past year, I have used eToro, Binance, Coinmotion, and Coinbase.
As a tip for taxation, with Binance, at least for me, there will be big Excel brackets, as I got excited about trading first and only thought about it later. So the problems with Binance: crypto/crypto pair trading. Everything has to be calculated for the tax authorities in euros. There you collect the exchange rate information and make calculations in euros.
Now I have decided to always buy/sell only crypto/fiat pairs to reduce work.
In any case, taxation is laborious for cryptocurrencies.

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https://koinly.io/fi/integrations/

Would these be helpful, or does anyone have experience with them?

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I bought Tezos and The Graph cryptos from Coinbase. I lightened my Litecoin holdings a little.

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Thanks for the tips.
I’ve tried Cointracking:
Downloading the Coinbase export worked well.
I didn’t succeed with Binance, it might be due to my own lack of skill…
Cointracking has SaaS pricing in tiers based on transaction rows. This easily accumulates and will get more expensive all the time.

I’ll have to check out the others as well.

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I bought Circuits of Value (Coval) yesterday for $0.0042 via Uniswap.

Inspired by this very small position:
https://www.reddit.com/r/CryptoMoonShots/comments/lty163/the_case_on_emblem_vault_coval_an_entire_wallet/

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I started using Koinly today, I can report more on its usability later. I also added Cardano and Enjin Coin.

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I’ve been playing around with Koinly a bit for practice, and it seems to work better for Binance by uploading a CSV file to the service; the API couldn’t process SEPA deposits for some reason.

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Bought around 100,000 (50€) Hoge Finance :laughing:. Joined in as a joke because Hoge has huge meme potential.

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Are there others on the forum who have jumped on the QNT train?

*"Blockchain technology is changing the way individuals and organisations interact with each other. And Quant is leading this revolution. We’ve already developed the world’s first blockchain API Gateway which both connects enterprise applications to DLTs and interconnects DLTs together. Now, we’re building on this platform (called Quant Overledger) to help governments, organisations and individuals across the globe benefit from the true potential of incredibly powerful technology.

Headquartered in London, Quant Network is a member of the Oracle global start-up ecosystem, and an Amazon AWS partner."*

https://www.quant.network/

https://coinmetro.com/blog/the-quant-network-a-different-blockchain/

https://coinmetro.com/blog/the-qnt-token-a-blockchain-agnostic/

https://www.altcoinbuzz.io/cryptocurrency-news/partnerships/quant-qnt-gains-global-approval-and-acceptance/

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Looks like ETH hit a stop at 1840. Back to 1740, stop at 1715. We’ll raise it if it recovers upwards.

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I sold all the cryptocurrencies I acquired a few years ago, and calculating the taxes after all the various buy-and-sell activities was such a hard job that I’ve decided I’ll never buy and trade cryptocurrencies again using any method other than €>cryptocurrency>€. I’m thinking of registering with Bitpanda because many cryptos can be bought directly with euros there. Previously, I had accounts on Binance, Bitfinex, and Bittrex.