Cryptoretirement: May with hope for a better future?

The value of our cryptocurrency-based pension portfolio shrank by 9,38%. However, it could not be otherwise, since all our coins became cheaper: both the largest ones, such as Bitcoin (BTC) and Binance Coin (BNB), as well as smaller ones, more susceptible to economic fluctuations. However, this does not change the fact that we are still 45,07% in the black.

Check it out: Cryptoretirement: April almost to zero, after a nervous month

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 Bitcoin (BTC)

At the beginning of May, we bought BTC again in a row. There were two reasons: the first is to further balance the portfolio so that BTC is one of its biggest pillars. The second is the fact that the price still seems very attractive to us.

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

May, however, was not kind to cryptocurrency holders. The still uncertain regulatory situation in many countries, led by the US, and the continued hiccups of failures of large companies in the industry meant that demand froze. In fact, something happened only in the first week of the month, and then the market slowly collapsed under its own weight, which is clearly visible in the monthly chart of our portfolio. 

In the end, it turned out that all the tokens we had were discounted. However, the market is showing a sell-off, which encourages many analysts to make increasingly optimistic forecasts about the extent of the upcoming increases. Wish they were right...

Results of our cryptocurrencies in May 2023:

• Sandbox (SAND) -1,90%
• Solana (SOL) -4,76%
• Binance Coin (BNB) -5,72%
• Cardano (ADA) -6,04%
• Bitcoin (BTC) -6,12%
• Axie Infinity (AXS) -7,79%
• Curve DAO Token (CRV) -9,69%
• Ape Coin (APE) -18,21%
• Green Metaverse Token (GMT) -18,41%
• Biswap (BSW) -29,84%

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

We bought Binance Coin

Declines - as always - we treat as a good opportunity to buy. This time we invest 60 euros in BNB. When the price approaches $300, it can be considered encouraging. And that was also the case for us, which is why we are increasing our involvement in the native token of the largest cryptocurrency exchange in the world.

After buying BNB, our wallet looks like this:

Crypto Retirement: A Summary

Recall: we deposited €40 60 times, so we invested €2 in total. On February 400, 01.06.2023, the account balance is EUR 3. In 481,87 months, our portfolio increased by EUR 39, i.e. by 1%.

Portfolio balance after 39 months: 3 481,87 euro (sum of payments: EUR 2400)

May loss: -9,38%

Profit after 39 months: +45,07% (+€1081,87)

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