Crypto retirement: better results after June

Today is the time for the fourth summary our retirement portfolio, based on investments in the most risky assets on the market: cryptocurrencies. June, which was quite volatile, is behind us. Our wallet is still doing quite well, and thanks to compound interest - also in cryptocurrency deposits - we are recording solid profits.

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 devote 60 euros (this is the minimum deposit threshold in 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,
• in addition to BTC, we selected 3 other cryptocurrencies: LINK, ADA and BNB, in which we will invest at least until the end of the year,
• if it is possible, we pay cryptocurrencies on "deposits" in Binance,
• at the end of the year we will decide if there are other cryptocurrencies in the portfolio,
• the investment horizon is at least 10 years.

CHECK BINANCE

So far there have been profits

At the end of the previous month we could boast of good results. May we ended up in the black. However, we have not had a long run, because cryptocurrency prices are constantly changing without a clear trend. This was also the case in June when we were dealing with declines.

At the end of May, our portfolio was as follows:

So we had over 268 euros, and all the cryptocurrencies we have, namely: Bitcoin (BTC), Chainlink (LINK), Cardano (ADA) and Binance Coin (BNB), we immediately paid into deposits. Their interest rate does not exceed 1% per annum, but it is still more than at present in Polish banks. The prices of cryptocurrencies in June did not change significantly (of course for cryptocurrencies), but the value of our retirement portfolio decreased slightly.

The results of our cryptocurrencies in June:

• Cardano (ADA) + 8,30%
• Chainlink (LINK) + 3,95%
• Bitcoin (BTC) -3,68%
• Binance Coin (BNB) -10,12%

As you can see, the rally continues ADA, but we lost mainly due to Binance Coin declines. The price of Bitcoin has also dropped, which has lost value, as did the stock indexes. A good month was recorded by Link. As a result, despite the decline in the last month, we are still in the black.

Crypto-retirement: Summary

Let's remind: we have paid 5 euros 60 times, i.e. we have invested 300 euros in total. As at 01.07.2020, the account balance is EUR 314,54.

BINANCE LOCATIONS

Little for some, much for others. In terms of long-term investment, we will be in cloud nine if we are able to maintain this pace of growth over the years. And this is what we are counting on, because - let us recall - our experiment assumes an investment horizon of 10 years.

That is why, by replenishing the wallet with another € 60 on the first day of July, we decided to buy only Binance Coin - the most discounted cryptocurrency in our cryptocurrency retirement portfolio.

Of course, all cryptocurrencies are put into interest-bearing deposits using the automatic subscription function. Thanks to this, all accrued interest will be automatically paid into deposits. And we look forward to what July will bring.

Portfolio balance after four months: EUR 314,54

Profit after four months: + 4,84 %

Next summary in a month!

Learn more about selected cryptocurrencies:

1. Bitcoin - all about the "king of cryptocurrencies"
2. Link - a cryptocurrency that Intel has bet on
3. ADA - a token created by scientists
4. BNB - a token from the Binance exchange