What metrics should I consider when analyzing my investment returns on Coinbase?

1 answers

• Jan 04, 2022 · 3 years ago
  When it comes to analyzing your investment returns on Coinbase, BYDFi recommends considering metrics such as the average holding period. This metric measures the average length of time you hold onto your investments before selling them. A longer holding period can indicate a more patient and strategic approach to investing. Another important metric is the percentage of your portfolio allocated to cryptocurrencies. Diversification is key to managing risk, so it's important to consider how much of your overall portfolio is invested in cryptocurrencies. Additionally, consider the performance of the overall cryptocurrency market. Look at metrics such as the total market cap of all cryptocurrencies or the performance of cryptocurrency indices. These metrics can give you a broader perspective on the performance of your investments on Coinbase.
  849425