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FinanceCrypto

Track Crypto Portfolio Performance

Create a simple method for tracking gains and losses.

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Prompt:

I need to create a system for tracking my cryptocurrency portfolio performance, including gains and losses. Please help me design a straightforward method based on my specific situation and preferences. ## My Profile - Cryptocurrencies I own: [LIST_COINS] - Approximate transaction volume: [NUMBER] transactions per [TIME_PERIOD] - Technical skill level: [BEGINNER/INTERMEDIATE/ADVANCED] - Primary tracking purpose: [INVESTMENT_PERFORMANCE/TAX_REPORTING/BOTH] - Preferred tracking method: [SPREADSHEET/APP/SOFTWARE/WEB_SERVICE] - Time I can dedicate to tracking: [MINIMAL/MODERATE/SUBSTANTIAL] ## What I Need ### 1. Tracking System Design - What essential data points should I record for each transaction? - How should I structure my tracking system? - What's the best format for my technical skill and time constraints? - How can I ensure accuracy while keeping it manageable? ### 2. Calculation Methods - How to properly calculate cost basis for crypto purchases? - What's the best way to track realized vs. unrealized gains/losses? - How should I handle different purchase prices for the same asset? - What performance metrics should I track (ROI, etc.)? ### 3. Handling Specific Scenarios - Best practices for recording crypto-to-crypto trades - How to account for staking rewards and interest - Tracking fees, gas costs, and other expenses - Handling airdrops, forks, and other special events ### 4. Tool Recommendations - Specific suggestions based on my preferences and needs - Templates or formats I can use immediately - Integration options with exchanges/wallets I use - Comparison of free vs. paid solutions (if applicable) ### 5. Maintenance Protocol - How often should I update my tracking system? - What reconciliation processes should I implement? - Time-saving tips for ongoing maintenance - Common pitfalls to avoid ### 6. Analysis and Reporting - Simple methods to visualize portfolio performance - How to identify strongest/weakest assets - Creating useful summaries for decision-making - Tax reporting considerations (if applicable) Please provide a practical solution I can implement right away, including any templates, formulas, or specific recommendations that match my needs. I'm looking for something effective but not overly complex.

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