How can I track the performance of my crypto-assets portfolio?
fasihStackupDec 17, 2021 · 3 years ago3 answers
What are some effective ways to monitor and evaluate the performance of my cryptocurrency portfolio?
3 answers
- Dec 17, 2021 · 3 years agoOne effective way to track the performance of your crypto-assets portfolio is by using a cryptocurrency portfolio tracker. These tools allow you to connect your exchange accounts and wallets, and they automatically fetch and update your portfolio data. They provide you with real-time insights into your holdings, including the current value, profit/loss, and percentage change. Some popular portfolio trackers include CoinStats, Blockfolio, and Delta. These platforms also offer additional features like price alerts, news updates, and portfolio analysis tools to help you make informed investment decisions.
- Dec 17, 2021 · 3 years agoIf you prefer a more hands-on approach, you can manually track your portfolio's performance using a spreadsheet. Create a table with columns for the cryptocurrency name, quantity held, purchase price, current price, and value. Update the current price regularly and calculate the value of each holding. You can also include additional columns for profit/loss and percentage change. This method requires more effort but gives you complete control over your portfolio data and allows for customization based on your specific needs.
- Dec 17, 2021 · 3 years agoAnother option is to use a third-party service like BYDFi. BYDFi offers a comprehensive portfolio tracking solution that not only tracks the performance of your crypto-assets but also provides advanced analytics and insights. With BYDFi, you can monitor your portfolio's performance across multiple exchanges and wallets in one place. It offers features like historical performance charts, asset allocation analysis, and risk assessment. BYDFi also integrates with popular exchanges and provides real-time data synchronization, ensuring that your portfolio information is always up to date.
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