Best portfolio Crypto-tracker tools?

in #cryptocurrency6 years ago (edited)

It's important to get a grip on your investments, and track your coins properly, which means setting the time aside to try out different sites/apps. Maybe this post will help.

I was just using Blockfolio and Google Sheets, but why bother with macros, when you get some great sites that give you graphical charts and stats etc. They give a much better report on trade history or, for example, realised and unrealised gains, and just how far you've come since original investments, after many an impulsive or measured trade. 

First, have a think about what you want or need.

What do I use? (July 2018)


Personally, I need a good mix of quick tracking/news, social network benefits, and more detailed info: charts, diagrams and stats. 

Therefore (and following researches for this post) I’m in the process of mostly now using Cryptocompare.com which has all these plus reviews and comparisons.

At the same time, I still move easily between: Blockfolio, Cryptopanic (news), CoinTracking.info and InvestFeed. [These all work on mobile too].

I'll go into the reasons for these choices below. 

Other platforms mentioned here: Altpocket.io and Cointracker.io

Sure, it would be nice to have an all-in-one, ideal solution (especially free) but sadly right now there are few available, but many in the works. Some of them are coin projects in their own right, and will even have their own exchanges. Please comment or share below what you use or recommend, to keep this post relevant, should you stumble on it in the future.

So...


Are you a pro trader, a casual/swing trader or someone new to the market who would benefit from social network features? The latter lets you pick up vibes on latest coin projects, or discover new developments with existing alts or major caps. There can be a great benefit from being in a company of others, besides helping educate others about coins and getting tips. However, the more individual you can remain in terms of research and opinion, the better.

Pro traders would probably use a variety of tools and platforms, including subscriber-based programs for learning, signal-using etc. Great... if you're willing and able to go full-time.

Simple or busy hodlers or stakers on the major coins could just stick with Blockfolio-type mobile trackers and Coinmarketcap, Livecoinwatch, or Cryptopanic, that come with nice, easy watchlists and position trackers. But even then, you should checking out a more sophisticated tracker.

So... for the more seasoned crypto-lover, who does like to trade now and then, or often, I'll now go into more detail regarding my own choice of tools, having checked out some of the current ones. 

I was looking for that ideal mix of eToro-style social networking, tracking and top trader following, but it's still too early (and the problem right now with eToro is that the crypto side is still limited.) 

I've not investigated all features of all trackers, but I've tried some major ones and here's what I think..... 

Cryptocompare.com


I’m beginning to use this one mainly because it just has a really nice, compact website interface that provides a lot of information without overcrowding. It also has the potential to provide the full array of features: comparisons/reviews, (live!) portfolio tracking and sharing, learning resources, community forums, discussion and ratings (coins and ICOs), mobile app (beta testing at this time) and news. You will find here a lot of resources and support to navigate your way through the crypto-space.

The portfolio may not be the most extensive but you can choose to share a public one or keep yours private and encrypted. It also happens to be nicely designed and not confusing, and it has an Accounting section. You can also follow projects. I can’t see any exchange for trading integration as yet.

It doesn’t have any subscription or inherent token, but you’re invited to tip the website for now.

It’s also recently announced a link with Thomson Reuters to integrate traditional asset classes more in tandem with crypto.

It makes for one, all-round handy and informative website tool.


CoinTracking.info

CoinTracking.info is worth the small effort to get to grips with, just as Blockfolio is when you first look at it blankly. Yes, it's quite old now and there are newer sites (see below), but it focuses on what you need: information. 

It's free, unless you want to connect via API with your wallet or exchange trading activity (which is a much-desired benefit over manual input). However, personally I don't trade that often, and am happy to manually input and personally update (using my Trade History on my exchange). Luckily, this feature is not too difficult to figure out. Remember that it assumes you start with an initial sum of something, so whatever you initially buy you must sell something else (eg fiat or BTC). 

Other benefits: It has a nice app with it. It has a lot of features. It has a 'public portfolio' (which looks better than the private one) that you can choose to enable and share or not. It has pie charts, timeline of activity, daily balance chart and listings that are linked with Coinmarketcap, so just be aware that if it's not listed on CMC, you will need to wait before adding a new coin. 

It also generates tax reports. Other great features include the Realised and Unrealised gains on every coin, to help re-balance your portfolio if you so wish. 

InvestFeed

This is a Facebook or Linkedin for crypto lovers and traders, based in NY, and is highly recommended. [my referral link

Personal knowledge in the cryptocurrency space can be priceless, especially for lesser known projects. It would be ideal if something like CoinTracking.info was integrated into InvestFeed, but it's not (yet) the case. Instead you get to create a watchlist and post comments on each page dedicated to a project. However, it does link with exchanges so you can see your balances and orders. 

The platform is incentivised via its IFT token, where you can tip any other user from your wallet. Due to its early stage, this is not yet a big incentive, but is great to see. There are a few ads on the site at present, but the FEED token is another part of the roadmap, for premium access. It has a decent app that goes with it. 

To conclude, it just feels right that a pro-crypto platform should be used to access the crypto-space, and Investfeed is early onto the scene.

Altpocket.io

This is a rival social network-integrated portfolio tracking site. However, it doesn't yet have an app (still in the works at this time), and it doesn't have its own crypto. In fact, it all feels very early stages, and with some distance to go. The roadmap will have a subscription, but for now it's free at least. 

The portfolio tracking does have potential, as does the whole interface and the social elements, but the side navigation is annoying and limited. In fact, there is just not enough to answer both needs sufficiently under the one roof just yet, so for this reason I recommend the separate options covered above. 

The sign-up/in does connect to Coinbase, which is nice, and it will pull your wallet stats into your profile, which could be great for basic or early traders and crypto-users. However, it didn't actually pull my correct values in when I tried this, so I hope this will improve also. You can see a test of the interface here. Some work to do here.

Cointracker.io

'Cryptocurrency portfolio and tax manager'. For sign-in, it links to Google and Coinbase, and from there you can import stats/activity from most exchanges and wallets. 

There is a big focus on the tax reporting aspect, with subscription fees on many levels. 

Another big feature is that they intend to launch an investment 'basket' of crypto-assets that you can sign up to. 

This is a newer and easier-to-use rival to CoinTracking.info with huge potential. Some say the interface is clean but also quite basic at this stage. 

There is an app but no social network integration. (Link here).

For quick checking...

Blockfolio app is still the king of easy and fast mobile portfolio tracking and alerts.

Cryptopanic.com does have a portfolio side which is nice but just not sophisticated enough. However, it does link in with news updates on particular coins only, or the notifications you receive, which is really handy for checking what the hell is going on with coins. 

The Pro option will give you more alerts on everything and more portfolio/exchange linked features. 


Don't forget Steemit here is already one big crypto-inspired social network, along with Reddit etc. so keeping close to this platform and filling your feed with good writers, is already one alternative to using any social network trading platforms at all, especially if mostly stats on your own portfolio is what you're after from any other site. 

What do you use right now, and does this post make you want to change tools? 

[To be published also on my WP blogsite.]

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I've used CoinTracking.info and it's served my needs pretty well. I also track everything in Google Sheets, but I like CoinTracking because it will give me real time % of holdings based on USD, which I really like.

I try to keep BTC at 30% of my holdings and ETH at 20% - then I divide the remaining 50% into other coins. Sometimes it's tempting to throw a lot of $ at a coin/token I really like, but when BTC is not at least the highest % of my portfolio then I feel like I'm being incredibly risky.

IDK if anyone else does this, I know that Ronnie Moas has recommended that BTC should be 50% of a healthy portfolio.

Good post!

I agree with this for sensible hodlers. But for riskier bets to increase gains you could focus on just a few to trade. Thnks for the comment!

You got a 4.15% upvote from @emperorofnaps courtesy of @ade-greenwise!

Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!

hi @ade-greenwise

Thank you for checking and commenting my latest posts. I hope you found it valuable :)

And yet another interesting post :) Well writen and easy to read.

Continue up with creating interesting content - it may be hard at the beginning to build reach and solid followers base.
But Steemits needs solid content builders so just dont ever give up! :)

Already followed and upvoted :)

Yours,
Piotr

Great info. Hope you could also include Cryptocurrencies. Ai on your list once we launched it in public. The development is nearly finished and our beta platform will be launched this November. You guys can sign up now on our website https://cryptocurrencies.ai/ for you to feature it on this article soon.

Here is also the group telegram link: https://t.me/CryptocurrenciesAi

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