Introduction and Importance of Cryptocurrency Portfolio
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Assalam-o-Alaikum Steemians !
I'm @moneyster, a professional level Cryptocurrency investor and an analyser. Today I thought to share my Crypto-related experience with you. I hope this article will be considerably beneficial for all the Steemians in this community
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Cryptocurrency Portfolio can be defined as a simple software or application which is designed to manage all the Crypto assets in a single place. This application of the software is already connected to the internet and it always Tracks the data of the relevant Crypto assets which we have entered into our Portfolio.
In fact, if we have bought a lot of coins in our exchange wallet, it is very difficult to see the profits one by one as we have to calculate the present value and average value of every single Token or coin. At this time, we have the ability to take support of a Cryptocurrency Portfolio.
In a Cryptocurrency Portfolio, we can manually add all the Transaction data of all the Coins or Tokens which we have bought on our exchange platform. Then, the Cryptocurrency Portfolio application will keep note of our Transaction details and it will automatically calculate the present value of every single asset. Finally, we can see the Total profits or Total loss in a very clear manner.
In a Cryptocurrency Portfolio, we have the ability to manage All the Crypto coins or Tokens in a single place without wasting our valuable time.
If we have invested in different Crypto exchanges, we can manually add all those Transactions details in this Cryptocurrency Portfolio in a very clear method.
Cryptocurrency Portfolio is a very useful application or software to know about the present condition of our entire investment within a few minutes.
If we have invested in a single asset at different market rates, this Cryptocurrency Portfolio application calculates all the Transactions and indicates an average value for the entry point of the selected Token or Coin.
This application also provides a quick chart of the relevant Crypto assets and we can quickly check the present market direction without further analysis of advanced Trading charts.
First of all, we need to create an account on the Coingecko platform and we can visit the https://www.coingecko.com/en/portfolio website URL to quickly access this platform.
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If we have already created an account in the Coingecko platform, then we can easily click on "login." After that, it will request our email and password to complete our login process.
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After that, the login window will automatically direct us to our Cryptocurrency Portfolio window like the below-attached screenshot.
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Above you can see a screenshot of my personal Cryptocurrency Portfolio and I have already added a few popular coins to my Portfolio. At the same time, you can see the Total profit of my entire Portfolio in the Middle of the page. According to the below-mentioned data, now I have $2.60 as a total profit.
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✍ Let's see how to add a Transaction to the Portfolio.
Adding a Transaction is very simple in a Cryptocurrency Portfolio. For that, I can click on the "Add new Coin" icon from the right side of the window.
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After that, I can type my desired Crypto coin or Token name in the given search bar like the below-attached screenshot.
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Then, we can see our required Coin or Token name in the watch list of our Portfolio. So, here I will click on the "+" mark of my Token or Coin. That is the option to add a new Transaction for this Coin or Token.
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Finally, we can fill the form using our actual Transaction details which we have already made from the Exchange platform. When we fill in the Price per coin and the Quantity field, it will automatically calculate the Total spent value and we can also include Transaction fees as added features of this service. After that, I can click on "submit" to complete and enter my Transaction detail in this Cryptocurrency Portfolio application.
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Nowadays, managing a Cryptocurrency Portfolio is a very important and useful method to know about our entire profit or loss in a very clear manner. With the help of this application, we have the ability to invest in different Cryptocurrencies in different Crypto exchanges and manage all those Transaction details in a single place. So, personally, I'm following and managing a Cryptocurrency Portfolio and I have provided the actual screenshots of my personal Cryptocurrency Portfolio. Therefore, I request all the Tron fan club members to try this amazing feature as a Professional or Beginner Crypto trader.
I have studied the below-sourced art to further study these topics and I have explained all the above facts in my own words.
10% benificiary set for @tron-fan-club
Thank you @irawandedy
An excellent topic you discussed with us today. You have a very nice discussion about what we will include in our reflection. Thanks for sharing.
You are welcome brother. Thanks for the appreciation.
You have discussed a very important issue with us. I think your post is really important. Thank you so much for sharing such an important post with us.
Thank you very much for your appreciation.
Well done. Very useful post. I like such kind well explained and informative post. Thanks.
Thank you very much for your appreciation. It really motivates me to write more about such topics.