Crypto Retirement

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Crypto Retirement: October 2022 on the plus side, despite the shaky market

created Michał SielskiNovember 2 2022

The subsequent drops in most cryptocurrencies did not prevent us from increasing the balance of our retirement portfolio. How we did it. We invite you to the summary of October 2022, after which the value of our cryptocurrency, counting from the beginning of the investment, increased by 113,63%.

Check it out: Crypto Retirement: September 2022 with a smooth rise

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)

Let us remind you that the last time we bought BNB tokens, i.e. the native currency of the Binance cryptocurrency exchange. After buying for 60 euro, at the beginning of October 2022 our portfolio looked like this:

01-10-22 after purchase

In October, we recorded another increase in the value of the portfolio, and it would have been much larger had it not been for the Green Metaverse Token anchor. The cryptocurrency that rewards active users, e.g. for running, has had a weak month behind it.

Fortunately, BNB more than made up for these losses. The strong spikes began after it was announced that Binance had invested $ 500 million in Twitter. You can already send Bitcoin and Ethereum via Twitter, and the collaboration with Binance and cryptocurrency enthusiast Elon Musk is definitely the beginning of a larger project. No wonder the BNB price continues to rise.

The results of our cryptocurrencies in October 2022:

Binance Coin (BNB) + 15,26%
Sandbox (SAND) + 9,35%
Bitcoin (BTC) + 7,08%
Curve DAO Token (CRV) + 2,24%
Solana (SOL) + 1,43%
Biswap (BSW) -0,06%
Cardano (ADA) -3,38%
Ape Coin (APE) -6,28%
Green Metaverse Token (GMT) -15,8%
Axie Infinity (AXS) -24,93%

So at the end of October, our portfolio looked like this:

wallet31_10_22

We buy (again) Binance Coin

So once again we are buying BNB, which may still have a lot ahead of us. And we put them in the liquidity pool from GMT. Since we have already invested in this token, we will be consistent for now - even despite the drops. Or maybe thanks to them, because if you believe in its success, the price becomes more and more attractive ...

After purchase, our wallet looks like this:

AFTER PURCHASE_01_11

Crypto Retirement: A Summary

Recall: we made a deposit of EUR 33 for 60 times, so we invested EUR 1 in total. On October 980, 31.10.2022, the account balance was EUR 4. In 229,92 months, our portfolio increased by EUR 32, i.e. by 2%.

Portfolio balance after 32 months: 4 229,92 euro (sum of payments: EUR 1980)

Profit in October: + 0,26 %

Profit after 32 months: + 113,63% (+ EUR 2 249,92)

Next summary in a month!

Learn more about selected cryptocurrencies: