Crypto Retirement

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Crypto-retirement: February 2024 and an ETF-fueled rally

created Michał Sielski1 March 2024

Launched Bitcoin ETFs They started right away, although they had to accelerate for a while. Today, it is estimated that funds buy as much as 10 times more BTC from the market than miners mine. No wonder the price of the king of cryptocurrencies is growing dynamically. And altcoins follow suit. Thanks to this, in one month our retirement portfolio based on cryptocurrencies increased its value by 42,74%, i.e. almost PLN 2. euro.

In January, the cryptocurrency market discounted rumors about the launch of Bitcoin ETF funds, because long months of speculation on this topic finally became a fact. And in February, what many cryptocurrency owners were waiting for and what experts expected happened. Clients who wanted to invest in cryptocurrencies, but did not know or did not want to do it through cryptocurrency exchanges, flocked to the funds. Thanks to their money, the market gained huge demand. This translated into price increases for all tokens we have.

Check it out: Cryptoretirement: January 2024 is marked by selling facts

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 the portfolio will include other cryptocurrencies, recently CRV, SAND, AXS, APE and GMT and BSW, we have completed investments in LINK and SOL,
the investment horizon is at least 10 years.

CHECK BINANCE

A month ago we bought Binance Coin (BNB)

We bought Binance Coin a month ago and subsequent Launchpool projects allow us to earn PLN 200-300 each with our current assets. In the first two months of the year, only about 10% of the value of the position was received, and to this we must also add an increase in price and 3,5% of the annual income from token staking.

After the purchase at the turn of January and February, our cryptocurrency retirement portfolio looked like this:

After Purchase01_02_24

However, the fireworks started in February. ETFs fueled by investors' money turned out to be an excellent catalyst for growth. The entire market benefited because capital flowed into it in a large stream. Effect? The weakest GMT in our portfolio increased in price "only" by 27,34% in February. The leader in growth was BSW, which benefited from BNB's liquidity and even overtook BTC.

The results of our cryptocurrencies in February 2024:

Biswap (BSW) +47,02%
Bitcoin (BTC) + 46,95%
Sandbox (SAND) + 44,17%
Cardano (ADA) + 39,72%
Curve DAO Token (CRV) + 38,82%
Axie Infinity (AXS) + 36,61%
Binance Coin (BNB) + 35,90%
Ape Coin (APE) + 30,77%
Green Metaverse Token (GMT) +27,34%

Thanks to this, the value of our crypto portfolio increased by 42,74% in just 29 days of February. This resulted not only in good valuations of our cryptocurrencies, but also in subsequent ones Launchpools, which – as we mentioned recently – we will keep for at least a year. For now, tokens are the best valued of them OTHER, worth PLN 428, and also PIXEL, whose value today is PLN 311.

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

balance01_03_2024

We bought Bitcoin (BTC)

This time we buy Bitcoin, believing that this is only the beginning of the growth that was initiated by payments to ETF funds. Especially since the investment horizon is far ahead of us.

After buying BTC, our wallet looks like this:

01_03_24After_Purchase

Crypto Retirement: A Summary

Let us remind you: we deposited 49 times of EUR 60 each, so we invested a total of EUR 2. On March 940, 1.03.2024, the account balance was EUR 6.670,67. In 48 months, our portfolio increased by EUR 1934,24, or 42,74%.

Portfolio balance after 48 months: 6 670,67 euro (sum of payments: EUR 2940)

Profit in February: + 42,74 %

Profit after 48 months: + 126,89% (+ EUR 3 730,67)

Next summary in a month!

Learn more about selected cryptocurrencies: