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How can I track my cryptocurrency investments and calculate my YTD returns?

avatarCoffey StampeNov 23, 2021 · 3 years ago3 answers

I'm new to cryptocurrency investing and I want to keep track of my investments and calculate my year-to-date (YTD) returns. How can I do that?

How can I track my cryptocurrency investments and calculate my YTD returns?

3 answers

  • avatarNov 23, 2021 · 3 years ago
    Tracking your cryptocurrency investments and calculating your YTD returns is essential for managing your portfolio effectively. One way to do this is by using a cryptocurrency portfolio tracker. These tools allow you to input your transactions and holdings, and they automatically calculate your gains or losses. Some popular portfolio trackers include CoinTracking, Blockfolio, and Delta. By regularly updating your portfolio on these platforms, you can easily monitor your investments and track your YTD returns.
  • avatarNov 23, 2021 · 3 years ago
    If you prefer a more manual approach, you can create a spreadsheet to track your cryptocurrency investments. Include columns for the date of purchase, the amount invested, the cryptocurrency purchased, and the current value. By regularly updating the current value column, you can calculate your YTD returns by subtracting your initial investment from the current value and dividing it by the initial investment. This will give you a percentage return for the year.
  • avatarNov 23, 2021 · 3 years ago
    At BYDFi, we offer a comprehensive platform for tracking your cryptocurrency investments and calculating your YTD returns. Our user-friendly interface allows you to input your transactions and holdings, and we provide real-time data to ensure accurate calculations. With BYDFi, you can easily monitor your portfolio performance and make informed investment decisions. Sign up today and take control of your cryptocurrency investments!