Hi hive lovers, I hope you are doing well. And this is a Crypto article about "Track and Monitor Your Crypto Portfolio," and Thanks for landing on this article. First of all visit my previous post, in which, I have talked about The Role of NFTs in Digital Real Estate. Crypto portfolio management is an exciting thing, but proper tracking is needed; Otherwise, it can be an overwhelming process. As you know, crypto is volatile, which is why the price always moves faster and the price changes within hours. That's the reason you have to be alert, and your decision should be well-balanced. Here I have a guide for you to monitor your crypto portfolio effectively without any issues.
This is a very easy way to track your cryptocurrency portfolio. There are CoinStats, Blockfolio, and the most popular coinmarketcap that allow you to do this. These tools are popular An easy portfolio tracking Tools, and you can Sync The wallet of your exchanges and your decentralised private Wallets. Not only this, but here you can check your total portfolio value, profit, and loss report, market news, and the real-time overview. That's the reason these crypto Tracking tools are perfect for you. Additionally, there is an alert Facility for you so that you can be alert in the market.
That doesn't matter, you trade Daily or sometimes. It is important to track your every transition and buying dips. Pricing transaction is also wrecking transaction is also important for the tax reporting Tax reporting Because now you can see that Govts Governments Allowing Crypto and they are also Asking for a tax so you have to track your charges Projections Franz Jackson.
Do you think Crypto is a set-and-forget investment? And if you are thinking like this, then you are wrong here, Because You have to check your portfolio Monthly as well as weekly. If something needed then you have to change it for example rebalancing. So this type of reviewing Can help you to make smarter moves in the crypto industry.
do you know? The most important Factor that comes is security. So, along with the tracking and managing, you should not compromise your Security and safety. You should not give full permission and access to any platform or app, whether it is popular or not. And most important thing is the private keys, you must not share the private key with anyone, even with the famous Tool that providing crypto related services.
Along with the tracking & Managing, you've also needed to focus on security because the security of your assets is the most important thing, and it comes first, then any other thing, because you can't do anything when you aren't able to hold funds. So this way manages your portfolio so it is going to help you in multiple things, it is going to help you to see yourself from a different perspective, and also helpful in Tax reporting. Now I'm winding up this cryptocurrency blog, and Faiz is signing off. Do not forget to come again. Have a good day.
