Cryptoretirement: a quiet February. Good time to accumulate?

After a record increase in the value of our pension portfolio, which is based on cryptocurrencies, there was little activity on the market in February. And that's good, because - we repeat it like a mantra - the longer the market stays in a sideways trend, the more time our crypto-retirement will have to accumulate. That's why we traditionally buy, this time again Bitcoin, and wait what time will bring.

Check it out: Cryptoretirement: The January Effect. Significant increase in portfolio value

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 February, we bought more BTC, mainly due to balancing our portfolio. Over the past months, the Binance Coin (BNB) token, which is its predominant value, has gained much more. We still believe in it, despite the recent turmoil around the Binance exchange, but in accordance with the adopted rules, we also want to rely on the king of cryptocurrencies.

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

In February, most cryptocurrencies did not change significantly in value, apart from a decrease in GMT. However, this can be seen as a healthy correction after the 122% price increase in January this year. The prices of other tokens fluctuated slightly.

The results of our cryptocurrencies in February 2023:

• Biswap (BSW) +4,42%
• Bitcoin (BTC) + 3,89%
• Curve DAO Token (CRV) + 3,57%
• Sandbox (SAND) -0,96%
• Binance Coin (BNB) -2,07%
• Cardano (ADA) -3,20%
• Solana (SOL) -4,44%
• Axie Infinity (AXS) -5,69%
• Ape Coin (APE) -10,52%
• Green Metaverse Token (GMT) -34,40%

So at the end of February our portfolio looked like this:

We bought more BTC

So we do not change tactics and continue to invest 60 euros. We are still buying Bitcoin (BTC), the price of which seems attractive.

After buying BTC, our wallet looks like this:

Crypto Retirement: A Summary

Recall: we deposited €37 60 times, so we invested €2 in total. On February 220, 01.03.2023, the account balance is EUR 3. In 788,38 months, our portfolio increased by EUR 36, i.e. by 1%.

Portfolio balance after 36 months: 3 788,38 euro (sum of payments: EUR 2220)

Loss in February: -2,26%

Profit after 36 months: +72,19% (+€1568,38)

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