How can I track my cryptocurrency portfolio and monitor its performance?

3 answers

• Mar 06, 2022 · 3 years ago
  One way to track your cryptocurrency portfolio and monitor its performance is by using a cryptocurrency portfolio tracker. These tools allow you to input your holdings and automatically calculate the value of your portfolio based on real-time market prices. They also provide performance metrics such as overall gain/loss, individual coin performance, and portfolio diversification. Some popular portfolio trackers include CoinStats, Blockfolio, and Delta. These apps are available for both mobile and desktop platforms, making it convenient to monitor your portfolio on the go.
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• Mar 06, 2022 · 3 years ago
  If you prefer a more manual approach, you can create a spreadsheet to track your cryptocurrency portfolio. Include columns for coin name, quantity held, purchase price, current price, and value. You can then use formulas to calculate the value of each holding and the overall portfolio value. To stay updated with market trends, you can manually input the current prices or use APIs to fetch real-time data. This method requires more effort but gives you more control over the tracking process.
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• Mar 06, 2022 · 3 years ago
  Another option is to use a third-party platform like BYDFi. BYDFi offers a comprehensive suite of tools for tracking and managing your cryptocurrency portfolio. With features like real-time price tracking, portfolio analysis, and performance monitoring, BYDFi provides a convenient and efficient way to stay on top of your investments. Additionally, BYDFi offers advanced features like automated trading and portfolio rebalancing, which can help optimize your portfolio based on your investment goals.
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