Crypto Retirement

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Cryptoretirement: holidays with cryptocurrencies, i.e. the cucumber season

created Michał SielskiAugust 1 2023

In July, Bitcoin, followed by the vast majority of cryptocurrencies, changed slightly in value. Not much was happening on the market, and some experts even started laughing that BTC became the new stablecoin, because its price fluctuated around 30 for a long time. USD. Of course, this flute makes us happy and we buy BTC to our retirement wallet, based on cryptocurrencies.

Check it out: Cryptoretirement: May with hope for a better future?

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 end of June we bought Binance Coin (BNB)

At the end of June, for the second time in a row, we bought Binance Coin, using an attractive - in our opinion - discount, caused by procedural problems of the Binance exchange in various countries.

After buying for 60 euros, in early July In 2023, our portfolio looked like this:

01_07After the purchase

Not much happened in July, although the Solana and Cardano chains began to regain investor confidence. On the other extreme, there is unfortunately still Biswap, of which we still have some. Still nervous also on APE, but GMT seems to have exhausted the level of declines and is looking for a new path.

The results of our cryptocurrencies in July 2023:

Solana (SOL) + 35,04%
Cardano (ADA) + 8,69%
Sandbox (SAND) -1,16%
Binance Coin (BNB) -1,97%
Axie Infinity (AXS) -3,88%
Bitcoin (BTC) -4,09%
Green Metaverse Token (GMT) -4,89%
Curve DAO Token (CRV) -8,99%
Biswap (BSW) -16,12%
Ape Coin (APE) -13,60%

The value of our investment through July changed slightly. The wallet has been discounted from €3 to €029,94.

30_07 crypto-retirement

We bought Bitcoin (BTC)

Now we want to take advantage of BTC price consolidation. Historically, it has always ended with a larger movement, usually in the direction that was previously determined. And the longer the consolidation, the bigger the breakout. We hope that this time it will be similar, so we increase our exposure to Bitcoin for 60 euros and wait to see what August brings.

After buying BTC, our wallet looks like this:

30_07_After the purchase

Crypto Retirement: A Summary

Recall: we deposited 42 times €60, so we invested €2 in total. On July 520, 31.07.2023, the account balance is EUR 2. In 971,83 months, our portfolio increased by EUR 41, i.e. by %.

Portfolio balance after 41 months: 2 971,83 euro (sum of payments: EUR 2520)

Loss in July: -1,91%

Profit after 41 months: +17,92% (+€451,83)

Next summary in a month!

Learn more about selected cryptocurrencies: