What is a Cryptocurrency Portfolio?
A cryptocurrency portfolio is a means to manage your inventory of online currency investments. It can be hosted on a cryptocurrency management software that helps you track each coin’s performance and provides you with analytical tools.
Many portfolio management apps provide live feeds and pricing updates from cryptocurrency exchanges. They may even alert you to significant market activities.
Think of a cryptocurrency portfolio as a business’s profit and loss statement. Cryptocurrency investors can use their portfolios to take stock of their assets, ensuring they grow over time. As such, a cryptocurrency portfolio enables investors to keep an eye out on their inventory, so to speak, so nothing gets wasted. If an investment is causing a significant loss, the constant monitoring would warn the investor about it. If, on the other hand, a coin is making tons of money, the investor can invest more in it.