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What are the best ways to track returns on digital currencies?

avatarPatryk PersakDec 25, 2021 · 3 years ago3 answers

As an expert in digital currencies, I'm interested in knowing the best methods for tracking returns on these assets. Can you provide some insights on how to effectively monitor and analyze the performance of digital currencies?

What are the best ways to track returns on digital currencies?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    One of the best ways to track returns on digital currencies is by using portfolio tracking tools. These tools allow you to input your holdings and track their performance over time. Some popular portfolio tracking tools include CoinStats, Blockfolio, and Delta. They provide real-time price updates, portfolio performance analysis, and even alerts for price movements. With these tools, you can easily keep track of your investments and make informed decisions based on the performance of your digital currencies.
  • avatarDec 25, 2021 · 3 years ago
    Another effective way to track returns on digital currencies is by using cryptocurrency exchanges. Most exchanges provide a transaction history feature that allows you to view your past trades and calculate your returns. By regularly checking your transaction history and comparing it to the current market prices, you can easily track the performance of your digital currencies. Additionally, some exchanges offer advanced trading features like stop-loss orders and take-profit orders, which can help you manage your risk and maximize your returns.
  • avatarDec 25, 2021 · 3 years ago
    BYDFi, a leading digital currency exchange, offers a comprehensive set of tools for tracking returns on digital currencies. With their intuitive interface and advanced analytics, you can easily monitor the performance of your investments. BYDFi also provides real-time market data, price charts, and portfolio analysis tools to help you make informed decisions. Whether you're a beginner or an experienced trader, BYDFi has the tools you need to track and analyze your digital currency investments.