Crypto Retirement

Now you are reading

Crypto-retirement: December 2023 - successful Saint's rally. Nicholas

created Michał SielskiJanuary 2 2024

It was a phenomenal month for our cryptocurrency retirement portfolio. In December 2023, its value increased by as much as 32%, mainly due to the rally of the resurgent Binance Coin and increases in altcoin prices. You've probably seen more than one movie about superheroes who, while crushing their opponents with fire, only brush dust off their shoulders. This is how the utility token behaves now the world's largest cryptocurrency exchange.

Check it out: Cryptoretirement: November 2023, another good month behind us

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 beginning of December we bought Bitcoin (BTC)

We bought Bitcoin a month ago. Waiting for the halving and probably the associated increases, as well as an ETF fund which - if market rumors are to be believed - is to be approved by the SEC every week "in the coming days". As it turns out, it wasn't a bad choice.

After purchasing for 60 euros, at the beginning of December 2023, our portfolio looked like this:

30_11_23After_Purchase

The results of our cryptocurrencies in December 2023:

Cardano (ADA) + 52,10%
Sandbox (SAND) + 39,25%
Binance Coin (BNB) + 36,41%
Axie Infinity (AXS) + 32,90%
Biswap (BSW) +30,54%
Green Metaverse Token (GMT) +15,14%
Bitcoin (BTC) + 8,16%
Curve DAO Token (CRV) + 1,79%
Ape Coin (APE) + 0,47%

In December, Bitcoin recorded an increase of 8,16%, which, of course, would be a commendable result if not for what was happening to altcoin prices. And they went crazy. Virtually all of them can boast of double-digit increases, and the absolute leader is the Cardano network, whose ADA token is valued 52,10% more expensive after a month.

However, we are most pleased with the growing valuation of BNB. The Binance exchange experienced the biggest shocks in its history last month. First, as part of the settlement with the SEC, it agreed to pay a fine of over USD 4 billion. Then the founder and CEO of the stock exchange, Changpeng Zhao, resigned from his position. Not only did this not undermine the condition of the stock exchange, but it gave it a good boost for development. Further cryptocurrency projects from the industry combining blockchain and artificial intelligence were launched there, and tokens could be obtained for staking BNB.

No wonder demand for the exchange's utility token has increased. Especially since the rules for awarding additional coins have been changed - now they are also given to those who decide to stake BNB on classic deposits. So they have a double profit - a certain 3,5% per year and even a dozen or so percent for new cryptocurrencies that debut.

We are keeping NFP and will do the same with AI tokens, which will soon appear on our account.

Thanks to this, at the beginning of January our portfolio looked like this:

01_01_24

We bought Binance Coin (BNB)

So this time we buy BNB. Further launchpool projects are already in the waiting room, so even if we do not consider them promising, we will enjoy fixed interest rates and the good condition of BNB.

After buying BNB, our wallet looks like this:

01_01_24After the purchase

Crypto Retirement: A Summary

Let us remind you: we deposited 47 times of EUR 60 each, i.e. we invested a total of EUR 2. On January 820, 1.01.2024, the account balance was EUR 4. In 710,35 months, our portfolio increased by EUR 46, or 1%.

Portfolio balance after 46 months: 4 710,35 euro (sum of payments: EUR 2820)

Profit in December: + 32,00 %

Profit after 46 months: + 67,03% (+ EUR 1 890,35)

Next summary in a month!

Learn more about selected cryptocurrencies: