How can I track the performance of my cryptocurrency stashes over time?

3 answers

• Mar 18, 2022 · 3 years ago
  One effective way to track the performance of your cryptocurrency investments is to use a portfolio tracking app or website. These platforms allow you to input your transactions and holdings, and they provide you with real-time updates on the value of your investments. Some popular portfolio tracking apps include CoinStats, Blockfolio, and Delta. These apps also provide features like price alerts and portfolio analysis tools to help you make informed investment decisions.
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• Mar 18, 2022 · 3 years ago
  If you prefer a more hands-on approach, you can manually track the performance of your cryptocurrency stashes using a spreadsheet. Create a spreadsheet with columns for the date, cryptocurrency, quantity, purchase price, and current value. Update the current value regularly by checking the prices on a reliable cryptocurrency exchange. By comparing the current value with the purchase price, you can calculate the percentage gain or loss for each investment. This method requires more effort, but it gives you full control over the tracking process.
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• Mar 18, 2022 · 3 years ago
  Another option is to use third-party services like BYDFi. BYDFi offers a comprehensive suite of tools for tracking the performance of your cryptocurrency stashes. With BYDFi, you can connect your exchange accounts and wallets to automatically import your transactions and holdings. The platform provides detailed analytics and performance metrics, allowing you to easily monitor the growth of your investments. Additionally, BYDFi offers features like tax reporting and portfolio rebalancing to help you optimize your cryptocurrency portfolio.
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