Re: [GNC] Crypto trade directly - not converting to local currency first

2022-05-23 Thread Michael or Penny Novack
Are there any folks in Ithaca NY using gnucash to track the local "currency"? << or in the other places where a "local currency" is in use >> For those who don;t know what I am talking about, the "Ithaca Hour" is a work exchange currency. Nominally pegged at $10/US but there is not supposed

Re: [GNC] Crypto trade directly - not converting to local currency first

2022-05-23 Thread john
> On May 23, 2022, at 5:32 AM, Michael or Penny Novack > wrote: > > Are there any folks in Ithaca NY using gnucash to track the local "currency"? > << or in the other places where a "local currency" is in use >> For those who > don;t know what I am talking about, the "Ithaca Hour" is a

Re: [GNC] Crypto trade directly - not converting to local currency first

2022-05-23 Thread Michael or Penny Novack
On 5/23/2022 6:26 AM, Mattia Rizzolo wrote: Realistically, if you are in situation where you want (and can!) treat cryptos as full currencies, you'll likely be better served by abusing another random currency in the list of known currencies and treat it as btc/eth. See: Gnucash or other

Re: [GNC] Crypto trade directly - not converting to local currency first

2022-05-23 Thread Suseno Dermawan
Thanks Mattia for the explanation, I think I'll keep it as trade between stock and made a final expenses adjustment in local currency. Thank you On Mon, 23 May 2022, 17:26 Mattia Rizzolo, wrote: > Hi, > > yes, in that example the 50 and the 4M are in local currency. > Expenses (which are

Re: [GNC] Crypto trade directly - not converting to local currency first

2022-05-23 Thread Mattia Rizzolo
Hi, yes, in that example the 50 and the 4M are in local currency. Expenses (which are fondamentally a type of Equity) in gnucash can only be defined and valued in a Currency that is recognized by gnucash as such. Realistically, if you are in situation where you want (and can!) treat cryptos as

Re: [GNC] Crypto trade directly - not converting to local currency first

2022-05-22 Thread Dr. David Kirkby
On Sat, 21 May 2022 at 17:49, Mattia Rizzolo wrote: > BTW, it's not possible to "add btc as a currency type", as the currency > types in gnucash are hardcoded and only formal currencies as to defined > by ISO 4217. > BTH and ETH *could *be added. The developers are *choosing *to use ISO 4217,

Re: [GNC] Crypto trade directly - not converting to local currency first

2022-05-21 Thread Suseno Dermawan
Hi Mattia, Thank you for the explanation. just a couple question, in this example: Assets:BTC -12333,123.00 4,074,129 Assets:ETH 456 8,934.38 4,074,079 Expenses:CryptoFees50 Trading:Crypto:BTC

Re: [GNC] Crypto trade directly - not converting to local currency first

2022-05-21 Thread Mattia Rizzolo
Nothing particularly odd about that. You'll have to do something like: tot shares price tot buy tot sell Assets:BTC -123 Assets:ETH 456 Trading:Crypto:BTC 123 Trading:Crypto:ETH -456 (the Trading: splits should be created

[GNC] Crypto trade directly - not converting to local currency first

2022-05-19 Thread Suseno Dermawan
Hi All, I've been wondering, is there a way to trade between 1 crypto token to another directly? My use case as follows: Ideally able to trade "btc -> eth" vice versa. But for now, I use the registering method as follows: "btc -> local currency -> eth" vice versa Btc sell to local currency,