04-20-2021, 01:10 PM
Pro tip for beginners: keep track of ALL your transactions
<!-- SC_OFF --><div class="md"><p>You might think you’ll remember what you bought X coin for yesterday. After all, it’s one of your first crypto moves! How could you forget?! </p> <p>You. Will. Forget.</p> <p>And and <strong>will</strong> lose track of what you have, what you bought it for and when you bought it. Even swaps and conversions; yes you are not buying or selling but it’s still important to keep track of <em>everything</em>.</p> <p>Don’t be a fool like me who didn’t track most things in the first month. </p> <p><strong>At bear minimum</strong> use a portfolio tracker like Blockfolio. There are tons so find one that you like and start logging <strong>everything</strong> you do. For convenience, some trackers allow you to sync accounts for automatic tracking. Blockfolio allows this for Binance, among others. </p> <p><strong>At best</strong> log everything in your own excel sheet. Yes it’s annoying and cumbersome, especially if you aren’t familiar with excel. But it’s 100% worth it, and you’ll learn some basic excel to boot! </p> <p>Keep track of you doings and goings in this market. You’ll thank yourself later for the lack of oversight you managed to avoid.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/whatiwritestays"> /u/whatiwritestays </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mu9z9j/pro_tip_for_beginners_keep_track_of_all_your/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mu9z9j/pro_tip_for_beginners_keep_track_of_all_your/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>You might think you’ll remember what you bought X coin for yesterday. After all, it’s one of your first crypto moves! How could you forget?! </p> <p>You. Will. Forget.</p> <p>And and <strong>will</strong> lose track of what you have, what you bought it for and when you bought it. Even swaps and conversions; yes you are not buying or selling but it’s still important to keep track of <em>everything</em>.</p> <p>Don’t be a fool like me who didn’t track most things in the first month. </p> <p><strong>At bear minimum</strong> use a portfolio tracker like Blockfolio. There are tons so find one that you like and start logging <strong>everything</strong> you do. For convenience, some trackers allow you to sync accounts for automatic tracking. Blockfolio allows this for Binance, among others. </p> <p><strong>At best</strong> log everything in your own excel sheet. Yes it’s annoying and cumbersome, especially if you aren’t familiar with excel. But it’s 100% worth it, and you’ll learn some basic excel to boot! </p> <p>Keep track of you doings and goings in this market. You’ll thank yourself later for the lack of oversight you managed to avoid.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/whatiwritestays"> /u/whatiwritestays </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mu9z9j/pro_tip_for_beginners_keep_track_of_all_your/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mu9z9j/pro_tip_for_beginners_keep_track_of_all_your/">[comments]</a></span>Kind Regards R