How can I track and analyze the performance of my crypto assets?

3 answers

• Mar 18, 2022 · 3 years ago
  One way to track and analyze the performance of your crypto assets is by using a portfolio tracker. There are several portfolio tracking tools available that allow you to input your holdings and track their value over time. These tools often provide charts and graphs to visualize the performance of your assets. Additionally, they may offer features such as price alerts and portfolio diversification suggestions. Some popular portfolio trackers include CoinStats, Blockfolio, and Delta. By regularly monitoring your portfolio and analyzing its performance, you can make informed decisions about your crypto investments.
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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 crypto assets using a spreadsheet. Create a spreadsheet with columns for the date, asset name, quantity, purchase price, and current price. Update the current price regularly and calculate the value of each asset. You can then use formulas to calculate the overall performance of your portfolio and analyze the performance of individual assets. While this method requires more effort, it allows for greater customization and control over your tracking and analysis process.
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• Mar 18, 2022 · 3 years ago
  Another option is to use a third-party service like BYDFi. BYDFi offers comprehensive tracking and analysis tools for crypto assets. With BYDFi, you can connect your exchange accounts and wallets to automatically import your holdings and transactions. The platform provides detailed performance metrics, including historical price data, portfolio allocation, and profit/loss analysis. Additionally, BYDFi offers advanced features such as tax reporting and portfolio rebalancing recommendations. By leveraging the tools and insights provided by BYDFi, you can effectively track and analyze the performance of your crypto assets.
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