The real-time value of your Bitcoins to make informed decisions.
A clear understanding of how Bitcoin prices are determined.
Effortless conversion to your local currency without the need for multiple steps.
Access to reliable data sources for accurate information.
Guidance on how to keep track of Bitcoin’s value over time.
Playbook
Identify a trusted financial platform or app that provides real-time Bitcoin prices. Popular choices include CoinMarketCap, CoinGecko, or CryptoCompare.
Open your account and navigate to the section that displays Bitcoin’s current value. Ensure it’s updated in real time for accuracy.
Convert the value to your local currency using the exchange rates provided by the platform. This often includes options for major currencies like USD, EUR, GBP, ETC.
Set up alerts if you’re concerned about price fluctuations. Most platforms allow you to receive notifications via email or SMS when the price hits a specific threshold.
Create a simple spreadsheet or use a finance tracking app to log DAIly values. This helps in understanding trends and making long-term investment decisions.
Stay informed about market news and updates that might affect Bitcoin prices. Websites like Bloomberg or CNBC provide regular updates on cryptocurrency markets.
If necessary, consult with a financial advisor who specializes in digital assets for personalized advice tailored to your situation.
Question
How often should I check the value of my Bitcoins?
To stay on top of market movements without getting overly anxious, check the value daily or weekly. However, if you’re planning major investments based on these values, consider checking more frequently during periods of high volatility.
Risk management you can actually use
Risk per trade = account equity × risk% (e.g., 1%).