Crypto Retirement

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Crypto Retirement: January with a drop of 23,03% in the retirement portfolio

created Michał Sielski2 February 2022

Another month of decline in our cryptocurrency-based retirement portfolio. After discounting the entire market, our portfolio lost 21,58%. And we are traditionally happy about it: once again, we can make a purchase at attractive prices and increase the ownership status. Especially that after 23 months we are still up 416,73%.

Check it out: Crypto Retirement: December with a correction in the retirement portfolio

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 whether the portfolio will include other cryptocurrencies, most recently CRV, SOL, SAND and AXS
the investment horizon is at least 10 years.

CHECK BINANCE

January effect? Yes, but the opposite

Let us remind you that after the last purchase for 60 euro, at the beginning of January 2022, our portfolio looked like this:

January is another month in which our portfolio experienced a significant discount. Compared to December, it is currently worth less by 21,58%, or in absolute numbers by EUR 2.048. This is, of course, the effect of the sentiment across the market - not only cryptocurrencies, as they are increasingly correlated with the broad equity market - but, inter alia, also the confusion caused by the new variant of the coronavirus and, above all, fears resulting from Russia's military attempts at the border with Ukraine. So the sentiment was definitely negative.

But again, that doesn't mean we have anything to worry about. Given our 10-year investment horizon, we are glad that the real price boom we are counting on is still ahead of us.

The results of our major cryptocurrencies in January 2022:

ChainLink (LINK) -17,28%
Bitcoin (BTC) -19,01%
Cardano (ADA) -22,80%
Binance Coin (BNB) -27,00%
Sandbox (SAND) -32,23%
Solana (SOL) -39,54%
Axie Infinity (AXS) -44,31%
Curve DAO Token (CRV) -46,41%

Crypto Retirement: A Summary

Recall: we have made a deposit of 24 times for 60 euros, so we invested a total of 1 euros. On 440/01.01.2022/7.441, the account balance is EUR 23. Thus, in 6.001 months our portfolio increased by EUR XNUMX.

So we are investing another 60 euros. This time, however, we leave the door open, because we buy stablecoin BUSD. In the coming days, we will probably make decisions whether we will exchange them for one of the previously selected cryptocurrencies. Moreover, it does not say that we have to do it, because BUSD can currently be traded on a flexible, 24-hour capitalized deposit with an interest rate of 7% per annum.

All the latest cryptocurrency items that we got for staking BNB we decided to trade for BNB and we will do so after each airdrop. As a rule, we get the equivalent of about PLN 80-120 per month, so we continue our perpetual motion, i.e. we increase the BNB pool to receive more tokens, which we will exchange for BNB again.