Hi Carlos
The last 48 hours in the cryptocurrency world feels like more than a year. The entire marked was bleeding badly, and it felt like March 2020 all over again.
Those who have been in the crypto space for years might not have found this surprising, but all the newbies who got into it after March 2020 must have panicked. Let me know how you handle such a drop in your portfolio.
I'm sure you might be wondering what really happened?
- Was it coz of China news?
- Was it coz of Elon Musk?
- Or was it something else?
Well, the truth is; it is the combination of all the above two + margin traders.The cascading effect of margin trading calls leads to liquidation, leading to the steep fall of the entire market.
Did you get it? No!
Well, this image explains what really happened yesterday, and better be cautious in the future. This is not the first or last time we are going to experience something like this.
Anyways, now the market is back in a bull market (it seems like), let's get back to the usual business. Let's make some money, and to do that, you need to be a little structured and set a process.
One of the most important aspects of managing your crypto portfolio is to keep track of profit and loss, and for that, we have softwares. In fact market is full of such apps, and I have listed a few of the top crypto portfolio tracker apps here.
But, if you are someone who likes to learn by watching video, you are on for a treat. Here is a detailed video guide on how to use Coinstats app (a portfolio tracker) with Binance.
Click on the above image to watch it. Also, Carlos it's been a while that you have replied to my email. So please take a moment, and let me know how you are liking the new CoinSutra. Also, if you have any questions about Cryptocurrencies, let me know by replying to this email. I will answer selected questions in the form of a video or an article. Who knows, you might get lucky 😄
Well, that's all from my side for today Carlos.
See you tomorrow with something new and exciting because there is never a dull moment in the world of cryptocurrencies.
Laterz!
Harsh Agrawal
CoinSutra.com
🚀 An Automated Crypto Tracker App (Tutorial) & Why Crypto Market Tanked Yesterday