Crypto Retirement

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Cryptoretirement: in June there was only one king

created Michał SielskiJuly 3 2023

June was marked by drops in virtually all cryptocurrencies, but Bitcoin shook off the stagnation the fastest. Thanks to the phenomenal finish in the last days of the month, BTC ended June with a price above 30. USD. The last time it cost this much was in the first half of 2022.

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

A month ago we bought Binance Coin (BNB)

At the beginning of June, we ended the series of buying Bitcoin and bet on BNB. The price approaching $300 seemed attractive. Time has shown that, at least in the short term, it was better to continue betting on BTC, but we are not discouraged by this, bearing in mind our distant investment horizon.

After the purchase for 60 euros, at the beginning of June 2023, our wallet looked like this:

01_06_out of purchase cryptometrics

June, however, was a tumultuous month. First of all, BNB quotations, which prevail in our portfolio, failed. Due to the subsequent legislative turmoil, many trading pairs for US citizens have been eliminated. This is another blow after leaving Canada due to unfriendly regulations. Will the stock market come out of this fight stronger? We believe that when the dust settles, it will turn out to be so.

Especially since Bitcoin woke up at the end of the month. The price rally of the king of cryptocurrencies is always a signal for the entire market, which, however, has recently reacted with a constant delay to its increases. So there are many indications that June can be optimistic - if of course there is no unexpected news ...

The results of our cryptocurrencies in June 2023:

Bitcoin (BTC) + 12,60%
Curve DAO Token (CRV) + 10,24%
Solana (SOL) -11,64%
Axie Infinity (AXS) -13,36%
Biswap (BSW) -14,81%
Green Metaverse Token (GMT) -15,10%
Binance Coin (BNB) -21,37%
Cardano (ADA) -23,15%
Sandbox (SAND) -24,53%
Ape Coin (APE) -27,99%

At the end of June, our portfolio looked like this:

01_07 crypto-retirement

We bought Binance Coin

This probably shouldn't be surprising. If we thought that $ 300 was worth buying, the price around $ 240 seems even more attractive. And since we have unchanging faith in BNB, we increase the wallet with this token and spend 60 euros on it.

After buying BNB, our wallet looks like this:

01_07After the purchase

Crypto Retirement: A Summary

Recall: we deposited 41 times €60, so we invested €2 in total. On July 460, 01.07.2023, the account balance is EUR 2. In 958,87 months, our portfolio increased by EUR 40, i.e. by 498,87%.

Portfolio balance after 40 months: 2 958,87 euro (sum of payments: EUR 2460)

June loss: -16,49%

Profit after 40 months: +20,27% (+€498,87)

Next summary in a month!

Learn more about selected cryptocurrencies: