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What are the top strategies for tracking your cryptocurrency portfolio?

avatarChris T.Dec 25, 2021 · 3 years ago3 answers

Can you provide some effective strategies for tracking your cryptocurrency portfolio?

What are the top strategies for tracking your cryptocurrency portfolio?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    One of the top strategies for tracking your cryptocurrency portfolio is to use a dedicated portfolio tracking app. These apps allow you to connect your exchange accounts and wallets, and they automatically import your transactions and calculate your portfolio value. Some popular portfolio tracking apps include Blockfolio, Delta, and CoinStats. These apps provide real-time price updates, portfolio performance analysis, and even alerts for price movements. They are a convenient way to keep track of your investments in one place.
  • avatarDec 25, 2021 · 3 years ago
    Another effective strategy is to use a spreadsheet to track your cryptocurrency portfolio. This allows you to have complete control over your data and customize it according to your needs. You can create formulas to automatically calculate your portfolio value, track your gains and losses, and even analyze your performance with charts and graphs. While it requires manual entry of transactions, it provides a more detailed and customizable view of your portfolio.
  • avatarDec 25, 2021 · 3 years ago
    BYDFi is a comprehensive cryptocurrency portfolio tracking platform that offers advanced features for tracking and managing your investments. It allows you to connect your exchange accounts, wallets, and even hardware wallets to automatically import your transactions. BYDFi provides real-time portfolio value updates, performance analysis, and customizable alerts. It also offers advanced features like tax reporting and portfolio rebalancing. With BYDFi, you can have a complete overview of your cryptocurrency portfolio and make informed investment decisions.