8. Keep Track of your Results

Cryptocurrency investing is never a “set it and forget it” scenario. You need to constantly check how well your investments are performing. There are basically three results you can expect from a cryptocurrency investment:

  1. You are making money
  2. Your investments are stable
  3. You are losing money

If you have a number of different cryptocurrency assets then tracking your investments can be tricky. You need to be able to see how each asset has evolved since the last time you watched them.
The good news here is that there are some mobile device (smartphone or tablet) apps will enable you to track your results instantly and automatically. To use these apps you will need to enter the following details:

  1. How much of each crypto asset you own
  2. The type of cryptocurrency
  3. The amount that you purchased them for
  4. The dates that you made the purchases

Once you have entered these details you can get a wealth of information from these apps. The best two apps available for cryptocurrency monitoring are:

  1. Blockfolio
  2. Delta

These are available for iOS devices and Android devices. We recommend that you try both of them to see which one suits you the best. Be warned though that both of them can be pretty addictive and you can find yourself watching your crypto portfolio a lot more often than you need to.

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