Fun Magic tricks on Coinhodler and Coinranking
A step by step guide for useful tricks
Magic is making ordinary things do something extraordinary. The ordinary thing in this case is using Coinranking and Coinhodler. However by messing around with the features of Coinranking and Coinhodler, you can make them do extraordinary things.
Make your profit appear
In Coinhodler you can create your own portfolio in order to track the value of the cryptocurrencies you own. However with this next trick you can see directly your profit in USD.
This is how it works:
- Create a new Coinhodler portfolio.
- Add the coins you have bought with your dollar investment (say 120 USD).
- Add Tether as a negative number (in this case -120 Tether).
Now Coinhodler will show you your net worth and you can keep track of your profits.
Evaluate your trade
Don’t you ever wonder after a trade: “Did I do the right thing?” If you want an answer, you only have to look at both coins and compare their USD value. But you need to calculate in order to get an answer on: “How well did I do?” This next trick however will make Coinhodler do those calculations for you.
This is how it works:
- Create a new Coinhodler portfolio.
- Add the amount of the coin you bought.
- Add the amount of the coin you sold as a negative number.
Coinhodler will show you the difference between the coins, so you can see and keep track of the outcome of your trade.
Coinranking Magic Tricks
Check the stability of stable coins
We have a list of the five biggest stable currencies on our market overview page, however bigger doesn’t necessarily mean better. So this trick is useful in order to check the stability of the stable coin.
This is how it works:
- You take a stable coin you want to check out (in this case bitCNY).
- Change the currency settings to the currency it represents (in this case Chinese Yuan)
You can check the stability of stable coins representing the US dollar, the Chinese Yuan, the Euro and even gold.
Convert fiat currency prices
Coinranking has the aim to show the prices of cryptocurrencies, but is not just limited to that. You can even check the prices of fiat currencies.
- Choose a USD Stable currency (in this case Dai).
- Change in preferences the reference currency to the fiat currency you want to know the price of (here I wanted to know the price of the Indian rupee)
- Now you can compare the US dollar with other fiat currencies.
Check price performance of gold and silver
You can even track the prices of gold and silver, since gold and silver can also be used on Coinranking as a reference currency. So if you compare them with one of the USD stable coins, you’ll know how much gold or silver you can buy with a dollar.
This is how it works:
- Go to preferences and choose gold (XAU) or silver (XAG) as a reference currency.
- Find a stable coin.
- The chart is reversed: You see how much gold fits in to one dollar. So a drop means an increase of the gold price and a spike means a drop of the gold price.
- If you divide 1 by the gold price, you’ll get the gold price in USD.
Discover your own tricks at coinranking.com and coinhodler.io. When you have found an unique way to use Coinranking or Coinhodler, please let us know your trick and we’ll add them to this list.
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