How can I calculate and track unrealized profits in my cryptocurrency portfolio?

3 answers

• Jan 13, 2022 · 3 years ago
  To calculate and track unrealized profits in your cryptocurrency portfolio, you need to first determine the current value of your holdings. This can be done by multiplying the current price of each cryptocurrency by the quantity you hold. Next, subtract the total cost of your holdings from the current value to get the unrealized profit. To track this over time, you can use a spreadsheet or a cryptocurrency portfolio tracker app that automatically updates the prices and calculates the unrealized profits for you. Make sure to regularly update the prices and quantities to get accurate results.
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• Jan 13, 2022 · 3 years ago
  Calculating and tracking unrealized profits in your cryptocurrency portfolio can be a bit tricky, but it's definitely doable. You'll need to keep track of the prices of the cryptocurrencies you hold and the quantity of each. Then, you can use a simple formula to calculate the unrealized profit: (Current Price - Purchase Price) * Quantity. To track this over time, you can create a spreadsheet or use a portfolio tracking app. Just make sure to update the prices regularly to get accurate results.
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• Jan 13, 2022 · 3 years ago
  BYDFi offers a comprehensive cryptocurrency portfolio management tool that allows you to easily calculate and track your unrealized profits. With BYDFi, you can connect your exchange accounts and wallets, and the platform will automatically fetch the current prices and calculate the unrealized profits for you. You can also set up alerts to be notified of any significant changes in your portfolio's value. Sign up for a free account on BYDFi and start tracking your unrealized profits today!
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