From Dark to Light

Hi Coindashers!

Our second newsletter is finally here, we will focus on why a smart tracking and management tool for your investments is so important.

Investing in the dark - The why 2.0

How are your investments perform relatively to BTC/ ETH? How much more risk do your investments carry over BTC or ETH?

Those are just some of the questions you should be asking yourself if you are a blockchain investor. Why is that? Because an investor should compare his performance to something. If the whole blockchain space explodes to the moon most probably your investments will do too, even if you are a mediocre investor. That is why we as investors need to compare our performances relatively to the underlying market, in the blockchain space that would be BTC and ETH. The aim is to outperform the market, that is, your investments have better results than simply holding BTC or ETH.

An investor who outperforms the market is a good investor, right? .. not necessarily. The amount of additional risk should be considered when looking to calculate how good that investor is. High risk should carry a greater return than a low risk (all relative to the market).

Spreadsheets and paper are just too simplistic to truly represent the status of your portfolio, even for an amatuer investor. The simple truth is that if you can’t answer the questions above you are investing in the dark, you have no idea if your actions have a positive value on your portfolio. We need better tools that can reflect in an objective way how well we as investors perform. The tools we have today are just too simplistic and not tailored to the blockchain era.

Coindash develops tools for blockchain investors to help see clearly what their investments are doing, help with decision making and most importantly make the status of your portfolio clearer.

CoinDash is data driven

CoinDash queries the blockchain to learn automatically the user’s trade history to build a complete picture of his portfolio. It is a lot of work to build an engine capable of doing that but we see it as the only way to build a true to reality image of how well you perform as an investor.

We connect to several blockchains (BTC, ETH and other alts), different exchanges (Poloniex, Bitfinex and other) and query all of that mountain of data to find

ICO investments
Buying and selling of tokens
Lending
Short positions
etc.

Every action in your portfolio is analyzed and aggregated automatically to generate deep statistics about your investments:

Are your investments profitable compared to:
The market
The asset with which your bought it
(for different time periods)
How much more risk your investments carry over the market?
How tight is your investment cycle? (from buying a token to selling it for a profit/ loss)
Token buying/ selling price histogram
Your investments performance against simply holding BTC/ ETH and doing nothing