(Bitcoin)trading strategy

[Dustin Henning]

Bitcoin does not work well in GnuCash because it has 8 decimal places.
GnuCash seems to only properly support 6 even when you manually edit the ML
file to support 8. I tried to keep track of Bitcoin this way a couple years
ago and it was a nightmare.  I finally deleted all of that from my GnuCash
file and just tracked it separately without financial software.

-----Original Message-----
From: gnucash-user-bounces+the00dustin=gmx.net at gnucash.org
[mailto:gnucash-user-bounces+the00dustin=gmx.net at gnucash.org] On Behalf Of
Lukas Haase
Sent: Friday, December 20, 2013 17:09
To: gnucash-user at lists.gnucash.org
Subject: (Bitcoin)trading strategy

Hi,

My wallet is currently rather complicated. I work with 2 different
currencies (USD/EUR) in separate trees (because I live in both
continents) and transfer money back and forth. I use the proper conversion
rates (including fees) when I transfer for example via a bank or do it
manually.

That works nice and should be kept as is.

Now I would like to add Bitcoin Trading to my GNUcash. But I am not sure
what the best strategy is.

I would like to have a good overview of the total income/outcome and current
assets in BTC. So I can't just create another "BTC" Hierarchy.

Is creating an intermediate "Input-/Output" account in EUR a good idea?
I.e., transfer everything intended for buying/seeling BTC to this
intermediate accounts and then transfer to the BTC account with the
appropriate transfer fees?

I tried "Use Trading Accounts" but that looks rather complicated and it
would also effect my current EUR/USD accounts which I would like to have
untouched (because I do not trade with them but use them for daily usage).

Thanks
Luke

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