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How can I track the performance of my core crypto investments?

avatardeveloper developerDec 27, 2021 · 3 years ago3 answers

I have made some core investments in cryptocurrencies and I want to keep track of their performance. How can I effectively monitor and evaluate the performance of my crypto investments?

How can I track the performance of my core crypto investments?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    One way to track the performance of your core crypto investments is to use a portfolio tracker. There are many online platforms and mobile apps available that allow you to input your investment details and track the value and performance of your holdings. These portfolio trackers often provide real-time updates, historical data, and charts to help you analyze the performance of your investments. Some popular portfolio trackers include CoinStats, Blockfolio, and Delta. By regularly monitoring your portfolio using these tools, you can stay informed about the performance of your crypto investments and make informed decisions.
  • avatarDec 27, 2021 · 3 years ago
    If you prefer a more hands-on approach, you can manually track the performance of your core crypto investments. Keep a record of the purchase price, quantity, and date of each investment. Periodically check the current market prices of the cryptocurrencies you have invested in and calculate the percentage change in value. You can use spreadsheets or investment tracking apps to simplify the process. Additionally, consider tracking the performance of your investments against relevant market indices or benchmarks to gain a broader perspective on their performance.
  • avatarDec 27, 2021 · 3 years ago
    Another option to track the performance of your core crypto investments is to leverage the services of a third-party platform like BYDFi. BYDFi offers comprehensive portfolio tracking and analysis tools specifically designed for crypto investors. With BYDFi, you can easily monitor the performance of your investments, track your portfolio's value over time, and analyze the performance of individual assets. The platform also provides insights and recommendations based on market trends and historical data, helping you make informed decisions about your crypto investments. BYDFi offers a user-friendly interface and integrates with popular exchanges, making it a convenient choice for tracking the performance of your core crypto investments.