What are the best ways to track and monitor unrealized P&L in digital currency investments?

3 answers

• Dec 18, 2021 · 3 years ago
  One of the best ways to track and monitor unrealized profits and losses in digital currency investments is by using a portfolio tracker. These tools allow you to import your digital currency holdings and automatically calculate your unrealized P&L based on real-time market prices. Some popular portfolio trackers include CoinTracking, Blockfolio, and Delta. They provide comprehensive features such as price alerts, portfolio performance analysis, and tax reporting. By regularly updating your portfolio on these platforms, you can stay informed about your investment performance and make informed decisions.
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• Dec 18, 2021 · 3 years ago
  If you prefer a more hands-on approach, you can track and monitor your unrealized P&L manually using spreadsheets. Create a spreadsheet with columns for the date of purchase, quantity, purchase price, current price, and unrealized P&L. Update the current price regularly and let the spreadsheet calculate the unrealized P&L for you. This method requires more effort but gives you full control over the tracking process. Additionally, you can customize the spreadsheet to include other relevant data points or calculations specific to your investment strategy.
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• Dec 18, 2021 · 3 years ago
  At BYDFi, we understand the importance of tracking and monitoring unrealized P&L in digital currency investments. Our platform offers a user-friendly interface that allows you to effortlessly keep track of your investments. With real-time market data and intuitive portfolio management tools, you can easily monitor your unrealized P&L and make informed decisions. BYDFi also provides detailed performance reports and analytics to help you analyze your investment strategies. Sign up for a free account on BYDFi and take control of your digital currency investments today!
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