We’ve got renters asking if they can pay in crypto :-).
Brian Leonard said:
> @Chris_QPW said: > And there in a nutshell I think is one of the biggest problems with Quicken supporting cryptocurrencies. > > They are called "currencies", but for the most part isn't being treated as currencies, they are being treated as "securities". > > Have your renters asked to pay in shares of IBM? No, because IBM is not a currency. And you can invest in any currency, fiat or crypto.
I'm currently using multiple currencies in my Quicken account. It's not default, but it's not too hard to configure.
I don't think most folks are looking for Quicken to support Crypot as a currency until Quicken can support multi-currency like Euros or Pounds, etc. What we need is to (1) update values like equities and (2) track capital gains as the coins are sold or used for purchases, trades, etc. No different than if I buy a car with IBM stock, I sell IBM and transfer the proceeds to my checking account and record the dealer's draft of my account. All of that will be posted automatically by the update (assuming Quicken will also support crypto wallets like they do banks).
Agreed when they do it, it will be as a security in an investment account, which is all I’m looking for. I should have been more specific, my renter wants to pay in USDC stablecoin instead of via ACH. I wouldn’t accept payment in BTC/ETH/IBM :-). Cheers
Need this ASAP. Almost a 2 Trillion sector.
Roger Miller said:
@ALTom said:"Go to the Investing tab, then look for watchlist. Click Add and type in
the symbol you want (such as INDEX:NQBT) and it'll populate. (I use
PayPal Crypto so I built an investment account under Investing. Then I
entered a Buy order for Bitcoin manually with the ticker symbol. That
way it shows in my Investment register with my other holdings and
updates the price any time I run the Update."I own Bitcoin Cash (BCH).Where can I find the appropriate Index symbol for Bitcoin Cash?I have had to check the price manually each day through my PayPal account, and then enter it in Quicken into the price history of a fake symbol that I created.Also, I see in today's mass email from Eric Dunn, the CEO of Quicken (Bold emphasis added by me):"In addition, we have made a number of enhancements to investments,
including support for Crypto, RSUs* (restricted stock units), and
Investment Partnerships*, plus added flexibility in the investment
register with the option to hide columns and to show symbols along with
security names."I see the support for RSUs was added, but I don't see any support for Crypto has been added? Is he that out of touch with what's going on?
You may want to consider placing that crypto in a hard wallet or at least a soft wallet out of an exchange. Otherwise, PP owns your keys. I guess once Q is crypto-ready, we can setup an “account” for each wallet holding crypto.