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1. Cryptocurrencies as an asset class has a broad spectrum of "investors" - tech-savvy millennials, high-net-worth individuals, family offices, financial adviso

by a_d 9y ago

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 ones to get in. Retail was first. Consumer tools are an absolute necessity. Although, I wish these apps (incl CoinTracker) came with more warning (about scams) and helped people exercise more discretion (including a warning about too much exposure etc). 3. Taxes are a nightmare. Having a great tool to help with taxes helps everyone sleep better 4. Still in an early, immature, evolving [1] area. CoinTracker can be much more ambitious than their current version. Would love to learn more about the future roadmap. Congrats on the launch. May the force be with you. [1] https://blog.ycombinator.com/the-decentralized-future-series/ https://blog.ycombinator.com/the-decentralized-future-series...

chanfest22 9y ago
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 :)
- a_d 9y ago
  2 follow-up questions: On #1 - Have you done any work on which segment needs this the most? (just curious, what "talking to users" revealed). On #4 - What are the future possibilities of this product (future vision of CoinTracker)? (again, just curious to learn) Thanks.
  - chanfest22 9y ago
    For #1 — there seems to be a strong need on both the retail side (folks who are day-trading or casually investing on the side) and on the institutional side (e.g. cryptocurrency hedge funds, etc.). So far we have focused on the retail use case For #4 — there are a lot of possibilities here, and a lot of it will depend on where our users guide us. Some areas that we will start testing with soon though are around roboinvesting, trade aggregation, and auditing. Would really welcome your thoughts and ideas here as well!
    - a_d 9y ago
      >Would really welcome your thoughts and ideas here as well! Will write to feedback@cointracker.io
wtvanhest 9y ago
I have no idea if we have a real 'bubble', but... basically no institutions have meaningful exposure.

by a_d 9y ago

chanfest22 9y ago

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 :)

a_d 9y ago
2 follow-up questions: On #1 - Have you done any work on which segment needs this the most? (just curious, what "talking to users" revealed). On #4 - What are the future possibilities of this product (future vision of CoinTracker)? (again, just curious to learn) Thanks.
- chanfest22 9y ago
  For #1 — there seems to be a strong need on both the retail side (folks who are day-trading or casually investing on the side) and on the institutional side (e.g. cryptocurrency hedge funds, etc.). So far we have focused on the retail use case For #4 — there are a lot of possibilities here, and a lot of it will depend on where our users guide us. Some areas that we will start testing with soon though are around roboinvesting, trade aggregation, and auditing. Would really welcome your thoughts and ideas here as well!
  - a_d 9y ago
    >Would really welcome your thoughts and ideas here as well! Will write to feedback@cointracker.io

wtvanhest 9y ago

I have no idea if we have a real 'bubble', but... basically no institutions have meaningful exposure.