Crypto Retirement

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Cryptoretirement: The January Effect. Significant increase in portfolio value

created Michał Sielski2 February 2023

A month ago, we wrote about the "crypto winter", which depressed the prices of all cryptocurrencies. However, it seems that - at least for now - it has adapted to the meteorological winter: it is quite mild and short. What's more, in the cryptocurrency market in January we saw not only early spring, but sometimes even a hot summer. Our retirement portfolio, based on cryptocurrencies, increased in value in January 2023 by as much as 41,9%. Some tokens went up more than 100%.

Check it out: Cryptoretirement: December in the red. Full crypto

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 January, we bought Binance Coin (BNB)

A month ago, we bought BNB for the third time in a row. After buying for 60 euros, at the beginning of January 2023, our wallet looked like this:

1_01_23_AfterPurchase

It turned out to be a great decision. As the dust settled after the collapse of rival cryptocurrency exchange FTX, investors understood that Binance continued to establish itself as a global hegemon in the cryptocurrency market. Thus, it also gained its native token - Binance Coin, which allows e.g. for discounts on trading fees on the exchange. Demand has increased, macroeconomic conditions have improved, there are no more "corpses in the closet" and the effect is excellent: the entire market is growing dynamically.

The results of our cryptocurrencies in January 2023:

Green Metaverse Token (GMT) +122,20%
Solana (SOL) + 98,44%
Curve DAO Token (CRV) + 85,97%
Sandbox (SAND) + 71,43%
Axie Infinity (AXS) + 62,64%
Cardano (ADA) + 50,41%
Ape Coin (APE) + 46,02%
Bitcoin (BTC) + 37,35%
Binance Coin (BNB) + 24,64%
Biswap (BSW) +19,65%

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

wallet01_02_23

We bought Bitcoin

Significant increases, similarly to equally large decreases before, do not change our strategy. We buy cryptocurrencies for 60 euros again. This time we bet on Bitcoin. We have a significant underweight of BTC in the wallet, which results from previous BNB purchases. And yet, the "king of cryptocurrencies" should occupy a large part of our wallet.

After buying BTC, our wallet looks like this:

01_02_23After the purchase

Crypto Retirement: A Summary

Recall: we deposited €36 60 times, so we invested €2 in total. On February 160, 01.02.2023, the account balance is EUR 3. In 818,26 months, our portfolio increased by EUR 35, i.e. by 1%.

Portfolio balance after 35 months: 3 818,26 euro (sum of payments: EUR 2160)

January profit: + 41,92 %

Profit after 35 months: +76,77% (+€1658,26)

Next summary in a month!

Learn more about selected cryptocurrencies: