7Lun·

How do you actually handle swaps from e.g. $BTC (+0,15 %) to $USDC (-0,01 %) or other stablecoins in Getquin? It's not really a sale, especially as I'm planning to reinvest the amount. I created a transaction in USDC and took the cost basis (profit) with me, but somehow the $BTC (+0,15 %) decrease. If I also enter a sale, I have realized a profit, although this is not correct. I would be very happy to receive tips from you or that Getquin integrates a solution for this. Thank you very much.

7 Comentarios

FairValue@FairValue

7Lun

Why shouldn't that be a sale?

•

Chris@InvestSamurai

7Lun

@FairValue No realized profit. If the Bitcoin continues to fall and I swap back, then I want the cost basis to be taken along. Let's say I bought Bitcoin with a cost basis of 50,000, it has risen to 90,000 and I swap to USDC. If Bitcoin then falls to 70,000 and I swap back, the cost basis is of course lower than 70,000. But maybe I'm thinking wrong.

•

FairValue@FairValue

7Lun

@MrVice Yes, that is a mistake. An exchange into a stablecoin is more or less the same as an exchange into euros, dollars, etc., i.e. a sale with possible realization of a profit (according to individual valuation or FIFO principle)
If you buy BTC for 50k, it rises to 90k and you exchange into USDC, you realize a profit of 40k at that moment.

•

Usuario eliminado

7Lun

Comentario eliminado

Chris@InvestSamurai

7Lun

@PowerWordChill That's the crux of the matter. I should have mentioned that I am Austrian.

•

FairValue@FairValue

7Lun

@PowerWordChill Ah pardon, I didn't see that it was about Austria.

••

Chris@InvestSamurai

7Lun

@PowerWordChill How would you handle this? My idea would be to have only one transaction per coin and to change the respective cost basis if necessary. I determine the cost basis with Blockpit.

••

Ver una respuesta más