Crypto Retirement

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Cryptoretirement: November 2023, another good month behind us

created Michał SielskiDecember 1, 2023

Another month of growth on the cryptocurrency market. Our retirement portfolio grew by 2023% in November 8,60, primarily due to double-digit increases in altcoin prices. And despite the fact that over Binance exchange, in whose BNB utility token we have a large part of our funds invested, the darkest clouds in its history have gathered.

Check it out: Cryptoretirement: October 2023 under the sign of Bitcoin ETF

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 November we bought Bitcoin (BTC)

We bought Bitcoin a month ago. For two reasons: it's time to start rebalancing the portfolio, which has slightly "diverged" in value after BNB's increases, but we are also betting on the upcoming Bitcoin halving, which has always been a bullish signal for the market.

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

1_11_23_AfterPurchase

Results of our cryptocurrencies in November 2023:

Green Metaverse Token (GMT) +39,19%
Cardano (ADA) + 23,32%
Biswap (BSW) +20,21%
Ape Coin (APE) + 18,57%
Axie Infinity (AXS) + 17,44%
Sandbox (SAND) + 11,60%
Curve DAO Token (CRV) + 10,34%
Bitcoin (BTC) + 9,27%
Binance Coin (BNB) -0,49%

Bitcoin did not disappoint in November, but the increase in the value of the portfolio is mainly due to the rampant altcoins. Double-digit increases in each of them meant that our crypto pension portfolio increased in value once again.

And this despite the bad ones, and for some downright tragic news from the Binance exchange. Not only did it have to pay a fine of over USD 4 billion as part of the settlement with the SEC, but its founder and CEO, Changpeng Zhao, resigned from the position he held from the first days of its existence. Let this be the end of bad news from the stock exchange where we keep our funds.

Fortunately, there are many indications that this will be the case. The price of BNB - the native token of the stock exchange - dropped on the day the disastrous news was announced, but on a monthly basis its price practically did not change. And no further declines are visible yet.

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

balance30_11_23

We bought Bitcoin (BTC)

So we buy Bitcoin again. Its price has increased by almost 10% in the last month, but this is nothing on the cryptocurrency market. Especially since halving is still a while away and information about the approval of Bitcoin ETFs has not yet been announced. So we are waiting for at least two good pieces of information that may cause the BTC rate to increase significantly.

After buying BTC, our wallet looks like this:

30_11_23After_Purchase

Crypto Retirement: A Summary

Let us remind you: we deposited 46 times of EUR 60 each, so we invested a total of EUR 2. On November 760, 30.11.2023, the account balance was EUR 3. In 502,22 months, our portfolio increased by EUR 45, or 742,22%.

Portfolio balance after 43 months: 3 502,22 euro (sum of payments: EUR 2760)

Profit in November: + 8,60 %

Profit after 45 months: +26,89% (+€742,22)

Next summary in a month!

Learn more about selected cryptocurrencies: