Crypto Retirement

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Crypto Retirement: May 2022 with a deep correction in the crypto wallet

created Michał SielskiJune 2 2022

We still survived the fall in April, but in May it was practically impossible to earn on the cryptocurrency market. The best tokens we have got cheaper by 20%, others were discounted by over 50%. Fatal information? On the contrary. Considering our 10-year investment horizon, this is great news - we have time to buy cryptocurrencies cheaply. And our pension portfolio has already increased in value by 218,57%, or EUR 3.672,09.

Check it out: Crypto-retirement: April plunges and we earn

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

Luna's collapse, fear and market crash

Let us remind you that after the last purchase for EUR 60, at the beginning of May 2022, our portfolio looked like this:

It seemed that the confusion caused by the war was over, and nothing worse could happen. Ie. Only those who are new to the cryptocurrency market thought so, because here it is only certain that you cannot be sure of anything.

And then it was already widely described the crash of the Terra system, as well as the related cryptocurrencies Luna and the UST stablecoin. This entailed the entire cryptocurrency market, which saw a correction that had not been seen for a long time. The Fear Index has dropped to record lows, and there has been talk of cryptocurrencies being a scam, worthless, etc. in the broad market again.

Even the liquidity pools did not help us, even though we currently earn an average of PLN 25 a day on them. Of course, the entire profit (currently on the BSW / BNB pair) is reinvested in the crypto market. BSW goes to a deposit with an interest rate of 107% per annum, and BNB returns to the liquidity pool.

Unfortunately - both BSW and GMT and all other cryptocurrencies we have lost a lot in May.

The results of our cryptocurrencies in April 2022:

Bitcoin (BTC) -19,94%
Binance Coin (BNB) -20,70%
Axie Infinity (AXS) -25,99%
Cardano (ADA) -27,64%
Sandbox (SAND) -36,26%
Curve DAO Token (CRV) -40,36%
Biswap (BSW) -48,98%
Solana (SOL) -51,99%
Ape Coin (APE) -58,29%
Green Metaverse Coin (GMT) -70,61%

You could also earn money on Luna

In the last month, we only made one transaction, but from these categories "Do not do this at home". We bought ... Luna. Almost at the very bottom, so after five hours it was worth 120% more. We sold half, making money on it, but most of all we left 121.126 tokens on the account. After launching the Luna 2.0 chain, we got 0,55 more of the new Luna (the old one was renamed Luna Classic). We plan to keep these tokens even for a few years - because it may turn out that the project will somehow recover and reach the previous ATH at least halfway.

At the end of May, our portfolio looks like this:

Crypto Retirement: A Summary

Recall: we made a deposit of EUR 28 60 times, so we invested EUR 1 in total. 680/01.06.2022/XNUMX, the account balance is 5.352,09 euros. Our portfolio increased by EUR 27, or 3.672,09%, in 218,57 months.

Portfolio balance after 27 months: 5 352,09 euro (sum of payments: EUR 1680)

Loss in April: -44,76%

Profit after 27 months: + 218,57% (+ EUR 3 672,09)

Next summary in a month!

Learn more about selected cryptocurrencies: