Crypto Retirement

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Cryptoretirement: April almost to zero, after a nervous month

created Michał Sielski2 May 2023

It seemed that the crisis in the US banking sector would cause cryptocurrencies to gain a lot in the past month, but the increases were quickly erased after further reports on changes in the law that are to further limit the development of token payments. Of course, we are not discouraged and buy Bitcoin. Thanks to this, BTC is ahead of BSW in capitalization and our cryptocurrency-based retirement portfolio is starting to rebalance.

Check it out: Cryptoretirement: stable March, we are buying Bitcoin (BTC)

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

A month ago we bought Bitcoin (BTC)

In early April, we bought more BTC to balance our portfolio. We want a large part of it to be the "king of cryptocurrencies".

After buying for 60 euros, at the beginning of April 2023, our wallet looked like this:

01_04_After the purchase

And everything looked good, even very good, because the Bitcoin price went up to 31. USD. It was also followed, albeit quite timidly, by altcoins. It was the market's response to the troubles of the US banking sector, which is shaking in its foundations.

Ultimately, however, it is still on its feet, and the announcements of further regulations that are to affect the cryptocurrency market in the US effectively wiped out the initial increases. However, some of them remained, although the result of our retirement crypto wallet was most affected by the discount of the Green Metaverse Token, which became cheaper by as much as 18,5%.

The results of our cryptocurrencies in April 2023:

Solana (SOL) + 6,48%
Binance Coin (BNB) + 5,61%
Cardano (ADA) + 1,28%
Bitcoin (BTC) + 0,75%
Curve DAO Token (CRV) -2,21%
Axie Infinity (AXS) -8,03%
Biswap (BSW) -8,44%
Ape Coin (APE) -8,58%
Sandbox (SAND) -8,85%
Green Metaverse Token (GMT) -18,50%

At the end of April, our portfolio looked like this:

01_05 crypto-retirement

We bought Bitcoin

So we do not change tactics and continue to invest 60 euros a month. We are buying Bitcoin (BTC) again, the price of which has returned to attractive levels. Thanks to this, BTC is already ahead of BSW in the capitalization of the portfolio.

After buying BTC, our wallet looks like this:

01_05_After the purchase

Crypto Retirement: A Summary

Recall: we deposited €39 60 times, so we invested €2 in total. On February 340, 01.05.2023, the account balance is EUR 3. In 781,54 months, our portfolio increased by EUR 38, i.e. by 1%.

Portfolio balance after 38 months: 3 781,54 euro (sum of payments: EUR 2340)

Loss in April: -2,67%

Profit after 38 months: +61,60% (+€1441,54)

Next summary in a month!

Learn more about selected cryptocurrencies: