How can I track the performance of my cryptocurrency portfolio accurately?
Terry JDec 15, 2021 · 3 years ago3 answers
I have invested in multiple cryptocurrencies and I want to track the performance of my portfolio accurately. What are the best ways to do this?
3 answers
- Dec 15, 2021 · 3 years agoOne of the best ways to track the performance of your cryptocurrency portfolio accurately is by using a portfolio tracker app. These apps allow you to connect your exchange accounts and wallets, and automatically fetch the data to calculate the overall performance of your portfolio. Some popular portfolio tracker apps include Blockfolio, Delta, and CoinStats. They provide real-time price updates, portfolio value calculations, and even alerts for price movements. With these apps, you can easily monitor the performance of your portfolio on the go.
- Dec 15, 2021 · 3 years agoIf you prefer a more manual approach, you can create a spreadsheet to track your cryptocurrency portfolio. You can input the quantity and purchase price of each cryptocurrency, and use formulas to calculate the current value and overall performance. This method requires more effort and manual updates, but it gives you more control over the data and allows for customization. Additionally, you can also include other metrics such as ROI and percentage allocation to different cryptocurrencies in your spreadsheet to get a more comprehensive view of your portfolio's performance.
- Dec 15, 2021 · 3 years agoAnother option to track the performance of your cryptocurrency portfolio accurately is by using the services provided by BYDFi. BYDFi offers a comprehensive portfolio tracking feature that allows you to connect your exchange accounts and wallets, and automatically fetches the data to provide you with real-time performance updates. It also provides advanced analytics and reporting tools to help you analyze your portfolio's performance in depth. With BYDFi, you can easily track the performance of your cryptocurrency portfolio and make informed investment decisions.
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