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How can I effectively track my cryptocurrency investments?

avatarseif samehDec 27, 2021 · 3 years ago3 answers

I'm looking for effective ways to track my cryptocurrency investments. What are some strategies or tools I can use to keep track of my portfolio and monitor the performance of my investments?

How can I effectively track my cryptocurrency investments?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    One effective strategy to track your cryptocurrency investments is to use a portfolio tracker. There are several portfolio tracking apps and websites available that allow you to input your holdings and track their value in real-time. These tools often provide charts and graphs to visualize the performance of your investments over time. Some popular portfolio trackers include CoinStats, Blockfolio, and Delta. By regularly updating your portfolio and monitoring its performance, you can make informed decisions about buying, selling, or holding your cryptocurrencies.
  • avatarDec 27, 2021 · 3 years ago
    If you prefer a more hands-on approach, you can manually track your cryptocurrency investments using a spreadsheet. Create a spreadsheet with columns for the name of the cryptocurrency, the amount you own, the purchase price, and the current value. Update the current value regularly and calculate the percentage gain or loss for each investment. This method requires more effort but gives you complete control over your tracking process.
  • avatarDec 27, 2021 · 3 years ago
    At BYDFi, we offer a comprehensive tracking solution for cryptocurrency investments. Our platform allows you to connect your exchange accounts and wallets, automatically import your transactions, and track the performance of your investments in real-time. You can view detailed reports, analyze your portfolio's performance, and set up alerts for price changes or portfolio milestones. With BYDFi, you can effectively track and manage your cryptocurrency investments in one place.