Crypto Retirement

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Crypto-retirement: Correction is underway, but June could be a breakthrough!

created Michał SielskiJuly 2 2021

Further declines in the cryptocurrency market may be worrying, but only seemingly. Recent days show that they have decelerated significantly, and many tokens are making up for losses caused by more nervous investors. On a monthly basis, we lost a bit again, but from the beginning of our adventure with crypto-retirement we are still in the black + 455,46 %. Let's see what exactly June brought in our cryptocurrency-based retirement portfolio.

Check it out: Crypto Retirement: May Great Correction. Portfolio loses -41%

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.

CHECK BINANCE

June with a continuation of declines, but the momentum is slowing down

Let us remind you that after the last purchase for 60 euro, our portfolio looked like this on June 1, 2021:

This was the case after the bloody May, when our portfolio had its biggest decline in history. Its valuation decreased by 40,99% or EUR 4 548,68. In June it was not so bad, but especially at the beginning of the month the declines continued. However, the strongest cryptocurrencies quickly began to recover. And this despite the bad news, for example from China, where a war was declared on mining cryptocurrencies, mainly because Bitcoin and other digital coins would not be a threat to digital yuan. After the initial slump, the entire market began to recover, although it did not have time to reset them by the end of the month.

The results of our cryptocurrencies in June 2021:

Bitcoin (BTC) -5,23%
Binance Coin (BNB) -14,25%
Cardano (ADA) -19,13%
ChainLink (LINK) -34,64%

Crypto Retirement: A Summary

Recall: we made a deposit of 17 times for 60 euros, so we invested a total of 1 euros. On 020/01.07.2021/5, the account balance is EUR 655,74. Our portfolio increased to EUR 16 in 4 months.

Decrease? Yes. Disputes? Of course. Cause to worry? Not at all!

Recent days show that even bad information, i.e. threats of other banks and countries that hint that cryptocurrencies are the same evil and will have to be banned in the near or later time, do not make an impression on the cryptocurrency market. This is the best proof that the blockchain community is maturing and showing its strength and independence.

This is good news, especially in the context of the fact that our investment horizon is 10 years. So we invest another 60 euros and, as usual, we put all cryptocurrencies on interest-bearing deposits using the automatic subscription function (i.e. adding interest to the deposits also every day).

We still do not exchange new cryptocurrencies that we receive for stacking previously selected ones. The Binance cryptocurrency exchange rewards its users with tokens that are given away and added to the wallet - it is an additional profit, in addition to interest on deposits. Previously, we exchanged them for BNB, but from January 2021 we keep them on a separate wallet and wait if any of them will become a new star of the crypto scene.

As of 01.07.2021/XNUMX/XNUMX, the spot portfolio practically did not change in value and looks as follows: