How can I track the performance of my bitcoin portfolio?
Raymond WongMay 03, 2022 · 3 years ago3 answers
I recently started investing in bitcoin and I want to keep track of how my portfolio is performing. What are some ways I can monitor the performance of my bitcoin investments?
3 answers
- May 03, 2022 · 3 years agoOne way to track the performance of your bitcoin portfolio is by using a cryptocurrency portfolio tracker. These tools allow you to connect your exchange accounts and wallets to automatically import your transactions and calculate the value of your holdings. They provide you with real-time updates on the value of your portfolio, as well as performance metrics such as gains/losses and portfolio allocation. Some popular portfolio trackers include Blockfolio, Delta, and CoinTracking.
- May 03, 2022 · 3 years agoIf you prefer a more hands-on approach, you can manually track the performance of your bitcoin portfolio using a spreadsheet. Create columns for the date, transaction type (buy/sell), quantity, and price. Calculate the value of each transaction and the total value of your portfolio based on the current bitcoin price. By regularly updating this spreadsheet, you can monitor the performance of your investments over time.
- May 03, 2022 · 3 years agoAt BYDFi, we offer a comprehensive portfolio tracking feature that allows you to monitor the performance of your bitcoin investments. Our platform automatically imports your transactions and provides you with detailed insights into your portfolio's performance. You can view your gains/losses, portfolio allocation, and historical performance. Additionally, BYDFi offers advanced features such as price alerts and customizable reports to help you make informed investment decisions.
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