A platform designed to help investors keep track of their cryptocurrency trades and the performance of portfolios has revealed some of the biggest trends they have learned during their five years in operation.
To commemorate its anniversary, CoinTracking revealed how it has noticed that the trade behavior of its users intensifies when the price of a coin rises - with their analysis indicating that the best-performing portfolios hold between seven and twelve coins at any given time.
Since it was founded in 2013, the company says it has been struck by how many exchanges make it difficult for investors to analyze their trades, in part because these platforms fail to offer insights on realized or unrealized gains.
Features for every type of userCoinTracking says that it aims to appeal to users of all levels - ranging from casual traders to more experienced investors.
A free plan allows users to track a maximum of 200 transactions, with its Pro plan enabling 3,500 transactions to be tracked.
As the name suggests, the Unlimited plan is free of restrictions - and offers other features such as exports in six file types, prioritized caching and faster calculations, a daily backup of all trades and guaranteed access to all future platform updates.
People who currently use other prominent crypto exchanges and wallets can also import data with ease, and use an intuitive search feature which groups trades by the exchange where they were executed.
CoinTracking's story so farThe company's journey began in 2012 when Dario Kachel, an IT professional, started to get interested in trading on crypto exchanges.
Although he loved the excitement and the challenges associated with these investments, he found it difficult to keep track of all his trades and achieve a bird's eye view of how his portfolio was performing.
Although he initially developed a spreadsheet to keep tabs on his trades, he soon found this manual method laborious and time consuming, and this motivated him to begin developing software that would benefit him and the other crypto traders who were suffering from the same problem.
Revealed: How Many Coins Are in the Best-Performing Crypto Portfolios
gepubliceerd op Oct 1, 2018
by Cointele | gepubliceerd op Coinage
Coinage
Vermeld in dit artikel
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.