Crypto Retirement

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Crypto-retirement: September 2023 – finally in the black

created Michał SielskiSEPTEMBER 3, 2023

In September, we started to make up for the declines from recent months. Our cryptocurrency-based retirement portfolio increased its value by 6,95%. The good end of the month and the growth of Bitcoin (BTC) and the upward trend of Biswap (BSW) helped.

Check it out: Cryptoretirement: August 2023 in red again

Crypto-retirement rules of the Forex Club Portal:

we invest on Binance Stock Market, which is not only the largest in the world, but also - so far - the most stable,
every month we allocate an amount of EUR 60 (when we started it was the minimum deposit threshold at Binance),
we want to invest approx. half of the funds in Bitcoin, as the "king of cryptocurrencies" and the indisputable flywheel of the entire market, but it is not a permanent rule,
in addition to BTC, at the beginning we selected 3 other cryptocurrencies: LINK, ADA and BNB, in which we will invest,
if it is possible, we deposit cryptocurrencies on "deposits" in Binance, recently also into the liquidity pool,
every few months we decide whether there will be other cryptocurrencies in the portfolio, most recently CRV, SOL, SAND, AXS, APE, GMT and BSW, we have completed our investments in LINK,
the investment horizon is at least 10 years.

CHECK BINANCE

At the end of August, we purchased Binance Coin (BNB)

On September 1, 2023, we bought Binance Coin (BNB) because we were encouraged by the double-digit interest rate on BNB Vault. After purchasing for 60 euros, at the beginning of August 2023, our portfolio looked like this:

01_09_After the purchase

Unfortunately, the interest rate dropped quickly, but we are waiting patiently because soon there will be new tokens that will be available to all BNB stakers and the situation will change in our favor. Especially since the good sentiment on the market is returning.

The results of our cryptocurrencies in September 2023:

Solana (SOL) + 24,34%
Curve DAO Token (CRV) + 19,55%
Biswap (BSW) +10,38%
Bitcoin (BTC) + 8,40%
Cardano (ADA) + 2,89%
Binance Coin (BNB) + 2,16%
Axie Infinity (AXS) + 4,93%
Green Metaverse Token (GMT) +4,83%
Sandbox (SAND) + 4,55%
Ape Coin (APE) -9,51%

The value of our crypto portfolio has finally increased, despite the fact that a large part of it is BNB, which has been damaged by recent events. But BTC and altcoins are rebounding, which may be optimistic. Especially since we have October ahead of us, i.e. "Uptember" - historically the best month for the cryptocurrency market, in which their valuations usually increase quickly. We hope that this time statistics and history will be on our side.

At the beginning of October, our portfolio looked like this:

balance02_10_23

We bought Cardano (ADA)

Recently, we have been regularly buying BNB and BTC, so since a big rebound is coming (and it is coming, right?), we decided to choose the most serious candidate to disrupt the TOP10 cryptocurrencies, namely Cardano (ADA). According to most analysts, this token is expected to gain a lot in the upcoming bull market.

We will see…

After purchasing ADA, our portfolio looks like this:

2_10After the purchase

Crypto Retirement: A Summary

Recall: we deposited 44 times 60 euros, so we invested a total of 2 euros. On August 640, 30.09.2023, the account balance is EUR 2. In 871,22 months, our portfolio increased by EUR 43, i.e. by 231,22%.

Portfolio balance after 43 months: 2 871,22 euro (sum of payments: EUR 2640)

Profit in September: + 6,95 %

Profit after 43 months: +8,75% (+€231,22)

Next summary in a month!

Learn more about selected cryptocurrencies: