What are the best strategies for tracking crypto investments?

3 answers

• Nov 28, 2021 · 3 years ago
  One of the best strategies for tracking crypto investments is to use a portfolio tracker app. These apps allow you to connect your exchange accounts and wallets, and they automatically fetch and update your portfolio data. Some popular portfolio tracker apps include Blockfolio, Delta, and CoinStats. With these apps, you can easily monitor your portfolio's value, track your gains and losses, and receive price alerts for your favorite cryptocurrencies. They also provide detailed charts and analytics to help you make informed investment decisions. Overall, using a portfolio tracker app can greatly simplify the process of tracking and managing your crypto investments.
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• Nov 28, 2021 · 3 years ago
  Another effective strategy for tracking crypto investments is to set up price alerts. Most cryptocurrency exchanges and portfolio tracker apps offer price alert features, allowing you to set custom alerts for specific price levels. By setting price alerts for your desired cryptocurrencies, you can stay informed about market movements and take timely actions. For example, you can set an alert to notify you when Bitcoin reaches a certain price, so you can decide whether to buy or sell. Price alerts can help you stay on top of the market and make informed investment decisions.
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• Nov 28, 2021 · 3 years ago
  At BYDFi, we recommend using a combination of portfolio tracker apps and manual tracking methods. While portfolio tracker apps are convenient, they may not always provide real-time data or support all exchanges and wallets. Therefore, it's important to manually track your investments as well. You can create a spreadsheet or use a simple note-taking app to record your transactions, holdings, and any additional information you find relevant. This way, you have a backup record and can cross-reference the data from your portfolio tracker app. By combining both automated and manual tracking methods, you can ensure accurate and up-to-date information about your crypto investments.
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