What are the recommended strategies for organizing and categorizing coins in a spreadsheet for effective portfolio management in the world of digital currencies?

1 answers

• May 03, 2022 · 3 years ago
  At BYDFi, we recommend using a spreadsheet to organize and categorize coins for effective portfolio management. Start by creating columns for the coin's name, ticker symbol, quantity held, purchase price, and current price. You can also include columns for additional information such as market capitalization, industry sector, and any specific criteria you want to track. Grouping coins based on their characteristics can help you analyze the portfolio's diversification and make informed investment decisions. Regularly updating the spreadsheet with the latest data is crucial to ensure accurate portfolio management and tracking of performance. Remember to review and adjust your portfolio regularly based on market conditions and your investment goals.
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