Cryptoretirement: December in the red. Full crypto

“We are facing a difficult time and a crypto winter – announced the founder and CEO of Binance Changpeng Zhao. And he was not wrong. December 2022 is one of the worst periods in the history of our cryptocurrency-based retirement portfolio. All in all, our wallet still earned 26,30%, but in recent days it has lost as much as 23,85%.

Check it out: Cryptoretirement: November marked by the collapse of the FTX exchange

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

In early December, we bought Binance Coin (BNB)

A month ago, we bought BNB for the second time in a row. We found the price attractive. After buying for 60 euros, at the beginning of December 2022, our wallet looked like this:

However, it turned out that this time the cryptocurrency market is not going to rise quickly. The blow he was collapse of the FTX exchange apparently we will feel for a long time. Sam Changpeng Zhao from the Binance exchange also announced that we are facing a difficult time and "crypto winter". He was not mistaken, as indicated by the cryptocurrency quotes in December 2022.

The results of our cryptocurrencies in December 2022:

• Bitcoin (BTC) -2,28%
• Ape Coin (APE) -3,63%
• Axie Infinity (AXS) -8,15%
• Binance Coin (BNB) -16,38%
• Curve DAO Token (CRV) -21,19%
• Cardano (ADA) -22,43%
• Biswap (BSW) -22,83%
• Solana (SOL) -25,96%
• Sandbox (SAND) -32,72%
• Green Metaverse Token (GMT) -38,30%

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

We bought (again) Binance Coin

Despite significant drops, however, we are consistent and buy the Binance exchange token, i.e. BNB. It's a matter of strategy: if we consider this exchange to be the dominant and strongest player on the market, then who should cope best in difficult times if not him? And who will gain the most when crypto-winter is followed by crypto-spring, and maybe summer? Of course, the risk is high, but if we believe in cryptocurrencies, or rather that they will be the future of global finance, then there can only be one decision.

After buying BNB, our wallet looks like this:

Crypto Retirement: A Summary

Recall: we deposited €35 60 times, so we invested €2 in total. On December 100, 31.12.2022, the account balance was EUR 2. In 652,35 months, our portfolio increased by EUR 33, i.e. by 552,35%.

Portfolio balance after 34 months: 2 652,35 euro (sum of payments: EUR 2100)

Loss in December: -23,85%

Profit after 34 months: +26,30% (+€552,35)

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
5. SAND - better than Minecraft because on blockchain and NFT
6. SOL - still the cheapest blockchain platform on the market
7. CRV - a platform for earning on stablecoins
8. AXS - the gaming hit of recent years
9. APE Coin - the cryptocurrency of the most famous NFT
10. GMT - STEPN application - a new hit on the cryptocurrency market?
11. BSW - 107% token stacking platform