Cryptocurrency has dominated the discourse in the world of finance and investments in the last couple of years. Up until a few years ago, the question was – should I invest in cryptocurrency? But today most people ask how do I invest in cryptocurrency and what is the best way to track crypto portfolio? Most governments and market regulators across the world are busy framing laws on the trade of these currencies. This has come as a major boost to the crypto enthusiasts who lived under the threat of their investments being delegitimized.
\nBy virtue of their growth and appreciation, these digital currencies have become an asset class in themselves. In an uncertain economic environment, more investors are turning towards cryptocurrencies than ever in the past. If you are looking to enter this market and earn exponential returns on your investments, we have the best crypto portfolio tracker for 2021 and beyond. We have developed a live crypto tracker that helps you measure the pulse of the market and be in complete control over your investments.
\n\nYour other crypto wallet would give you basic insights on the value of your investments and let you make the call of buying and selling crypto coins. Whilst true an advanced cryptocurrency portfolio tracker like ours does more than just offer you a profit and loss statement. We bring you the best way to track crypto portfolios. With our tracker, you will be able to sail through this surreal volatility in the market. If you aren’t convinced yet, here’s why a crypto portfolio is more important than you think.
\n\nMost wannabe crypto investors tend to equate crypto trade with their dollar value. This belief is not unfounded as it comes straight out of the knowledge that most investors have derived from the equity market. For instance, if you buy $100 worth of shares, by merely keeping track of their dollar price, you’d know when to book your profit or stop your loss and exit. However, cryptocurrency investment is slightly different as their actual valuations are subject to two different factors – first their value vis-à-vis the dollar (or any other currency) and secondly the strength of the currency you plan to convert it to. Hence, looking at their dollar valuations is a disservice you’d do to your investment.
\nIn simpler words, you need to track crypto portfolios regularly and go beyond their dollar value. The complexities increase when you have invested in different cryptocurrencies. Choosing the best cryptocurrency portfolio tracker from CoinTrackr eases your job. Our cryptocurrency portfolio tracker has been designed to offer you a bird’s eye view of the market and let you gather all the macro and microdata that would help you look beyond the dollar value of your investments and build an asset class for the future.
\n\nIf you are a cryptocurrency investor or someone who is looking to enter this market, you’d be aware of the volatility that exists in this space. 5-10% swings are almost the norm every few days and weeks in the cryptocurrency market. It is important for you as an investor to ride along with this volatility and use it to your advantage. This is what makes it different from the equity market where there is a sense of stability if you are investing in big-cap companies. In the case of cryptocurrencies, even Bitcoin tends to see as much volatility and price swings as any of the coins you have heard and read about.
\nAs an investor,you need to leverage this volatility and those who do it successfully are the ones who grab lion’s share of the market. With our advanced charts, you will be able to keep a close watch on the momentum of the market, the future trends, and most importantly the price directions.
\n\nIf the word volatility doesn’t sound inspiring enough to use a crypto price tracker, you should always be prepared to face the bear market. Bear markets can be tough to ride as there isn’t much momentum on the price side and neither do you see those dips to invest for the future. As a seasoned investor would always tell, it is sailing through a bear market that tests the skills and expertise of any investor. When you have the best crypto tracker,it would help you foresee the trends in the market. The slightest of price movements and other trade charts can offer you a glimpse of the future.
\n\nIt should come as no surprise that the majority of crypto investors are into Bitcoin trading. With a market cap that rivals some mid-sized economies, it is without any doubt the most popular cryptocurrency. But there is a world beyond Bitcoin and the likes of Ethereum, Litecoin, and Dogecoin as many of you would have heard about these. There are hundreds of crypto coins to choose from and many of these are offering a higher and quicker appreciation of wealth as compared to Bitcoin and the top altcoins.
\nIt is important for you as an investor to diversify your portfolio as you’d do in the equity market. This not only mitigates risks but also opens new investment opportunities especially in coins that have maximum momentum on their side. Our live crypto tracker offers you real-timeupdates on the price movements of hundreds of altcoins letting you make the most astute moves in the market.
\nAt CoinTrackr we have been constantly working to improve our portfolio tracking tool and offering unique features and insights to our users. You can not only track your crypto portfolio using our portfolio tracker but stay ahead of the game. With colorful charts and advanced portfolio tracking tools, we help you maximize the return on your investments and place your bets in the market at the right time.
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