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Crypto Retirement: Good October not only for Bitcoin
In October, Bitcoin's rate took off again, gaining 31,31% against the US dollar. Other cryptocurrencies did not get cheaper either, so our retirement portfolio increased in value. We invite you to discuss our retirement crypto wallet.
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.
October with hope for Bitcoin
October 2020 can undoubtedly be classified as a very successful one on the cryptocurrency market. All our assets recorded an increase.
The results of our cryptocurrencies in October 2020:
- Bitcoin (BTC) + 31,31%
- ChainLink (LINK) + 23,01%
- Binance Coin (BNB) + 7,32%
- Cardano (ADA) + 1,49%
The increase in the price of the king of cryptocurrencies - Bitcoin (BTC) is especially pleasing. It was thanks to him that the entire market was doing well, but Bitcoin was the decisive engine driving this accelerating train. Soaring so that the expert comments return again, claiming that in a few years the price of Bitcoin will not be calculated in tens of thousands of dollars, but in hundreds of thousands. Yes ... for one Bitcoin. Of course, we wouldn't mind this turn of events, but for now our focus is on monthly gains which are quite decent.
At the beginning of October, our portfolio was worth EUR 552,17. We then bought only Bitcoins for 60 euro. “We choose Bitcoin (BTC), which has been highly discounted recently. For two reasons: we still believe that real gains are ahead of the king of cryptocurrencies, but there is also a more prosaic reason: when buying for PLN, we can choose from a limited number of digital assets "- we wrote a month ago and so far it was a good decision. So we had cryptocurrencies worth 612,17 euros.
After a month, our cryptocurrency-based retirement wallet is worth EUR 740,67. Within a month, the value of cryptocurrencies increased by almost EUR 130, or exactly 20,99%. We emphasize once again: if we record increases of this magnitude, even annually, not monthly, we will be in cloud nine.
Crypto Retirement: A Summary
Recall: we deposited 9 times 60 euros, so we invested 540 euros in total. On November 01.11.2020, 740,67, the account balance is EUR 37,16. Our crypto wallet increased by XNUMX% in nine months.
As usual, however, we approach it with great calm, because - let us remind you - our investment horizon is 10 years.
This time, we are buying Binance Coin (BNB) for 60 euro, a cryptocurrency of the Binance exchange, which is doing very well all the time.
Of course, as usual, we put all cryptocurrencies on interest-bearing deposits using the automatic subscription function. As a result, all accrued interest will be automatically paid on the deposits. And we are waiting for what November will bring.
Portfolio balance after five months: EUR 740,67
Profit after five months: + 37,16 %
Next summary in a month!
Learn more about selected cryptocurrencies:
