Five Years of Learning

In a digital world where cryptocurrencies revel and investors scramble, CoinTracking has been on quite the journey. Announcing their five-year anniversary, the platform has shared some fascinating insights into the trends it has uncovered while assisting users in tracking their trades and portfolio performance.

Diving into Trading Behavior

One of the core takeaways? When the price of a coin takes off, so do the trading habits of users. It appears there’s something about a rising price that makes traders jump into action, like it’s the last slice of pizza at a party. More interestingly, the data suggests that the most successful portfolios contain between seven and twelve distinct cryptocurrencies at any given time. So, remember: sometimes more is more!

The Challenges of Crypto Analysis

Despite the growth of the crypto space, many exchanges still keep their users in the dark. With limited insights on realized or unrealized gains, investors are often left scratching their heads. CoinTracking has pointed out this glaring issue, noting that many tax authorities and CPAs are equally out of their depth when it comes to crafting tax reports for digital assets. But fear not! CoinTracking supports eight different methods for tax calculations to help keep investors compliant and their accountants from pulling their hair out.

Tailored Features for All Users

Another stellar aspect of CoinTracking is its subscription model. They have tailored it to fit everyone from the weekend hobbyist to the seasoned trader. Users can start with a free plan to manage up to 200 transactions—perfect for dipping your toes into the crypto waters without plunging in headfirst. There are also Pro and Unlimited plans for those serious about tracking their investments, featuring goodies like faster calculations, daily backups, and access to future updates.

A Glance Back at CoinTracking’s Origins

Founded in 2013 by Dario Kachel, CoinTracking began as a personal solution to a common problem he faced as a crypto trader. Dario quickly realized that traditional spreadsheets were a laborious method to track the whirlwind of trades and portfolio changes. So, he took matters into his own hands and geared up to create software capable of supporting not just him but the entire trading community. And the rest, as they say, is history!