Cryptocurrency retirement? We check and start the experiment

Some time ago, everyone realized that pensions that will be paid by ZUS in the future will be very low. Even above-average earners cannot count on the benefits received by the previous generation today. What to invest in so as not to wait for alms and help from others in old age? There are hundreds of ideas, and we will check one of them - regularly saving money in ... cryptocurrencies.

Experts estimate that the retirement pension paid by the ZUS generation of today's 40-year-olds will be from 30 percent. up to a maximum of 50 percent current salary. Sounds incredible? And yet, everyone who received the ZUS forecast quickly and painfully collided with reality.

Of course, some people do not care, but others try to ensure a prosperous future in advance. Depending on their financial capabilities, they put aside deposits, buy bonds, invest in real estate or stocks of listed companies. We'll show you another way - investing in one of the most risky but potentially very profitable assets at the moment: buying cryptocurrencies.

Where will we buy cryptocurrencies

The basic question is where to buy cryptocurrencies. We have repeatedly described cases of hacker attacks on cryptocurrency exchanges, which resulted in millions of dollars being lost. Of course, in the end always the most disadvantaged are investors who most often lose all the money invested.

So how do you choose the cryptocurrency exchange that is the least risky? We focus on the largest and most experienced. Initially, we wanted to start building our portfolio on the Polish cryptocurrency exchange Zonda Global (ex.BitBay). It turned out, however, that there are no cryptocurrencies that we entered on our list. Instead of supporting domestic business, we decided to choose an international hegemon - Binance.

Be sure to read: A review of the Binance cryptocurrency exchange

Why Binance There are several reasons. The first is security. That's what saving for retirement is all about, right? Binance is the largest cryptocurrency exchange in the world, which admittedly did not avoid successful hacker attacks, but it did not upset its position and it still works well.

The second is a wide range of cryptocurrencies that you can invest in. Even recently implemented projects get here quickly, because everyone wants to be on the stock exchange, which guarantees the highest turnover.

Third, in turn the opportunity to earn even if we keep cryptocurrencies. At Binance, you can receive up to several percent a year for owning certain cryptocurrencies.

CHECK BINANCE

Cryptocurrency Retirement - How Long Will We Invest?

Our experiment may be the longest cycle in the history of the Forex Club portal. We plan the scope of the investment for 10 years. Every month, always around the first day, we will buy cryptocurrencies for 60 euros. This is the minimum threshold to deposit fiat currency at Binance. Little? If we pay the same amount every month for 10 years, even if we do not earn anything, the account will be 7,2 thousand. euro, ie at today's exchange rate of approx. 31 thousand. PLN. Always something, but we count on earnings, and a considerable amount at that. That is why we accept the risk, which - as you know - is as large as the fluctuations in cryptocurrency prices. From our perspective, changes lasting several days by several dozen percent should not matter. The investment horizon is, let us recall, a minimum of 10 years.

What cryptocurrencies will we buy?

As a general rule, we don't want to invest in multiple cryptocurrencies. To begin with, we selected four that have - in our opinion - great potential. We will try to buy at least three of them every month.

The first is of course Bitcoin (BTC). We want to invest about 50 percent in it. measures. The choice is obvious, because the king of cryptocurrencies will be one for many years and there is no project on the horizon that could dethrone it. For the average person, the word cryptocurrency = Bitcoin. Being aware of this and counting on growth in the cryptocurrency market, we need to base the portfolio on the most important of them.

Second one Binance Coin (BNB). Because of a few reasons. It will be useful in the wallet, because thanks to this we will reduce commissions for purchases on the Binance exchange. It is also possible to keep it on deposit and receive additional interest. And last but not least: the use of the Proof of Burn protocol means that the Binance exchange regularly purchases its tokens from the market every quarter. He spends 20% on this. profits from transaction fees. All purchased units are "burned", ie they are permanently withdrawn from the market. Ultimately, there will be half as much trading, i.e. 100 million BNB tokens. This makes the nature of cryptocurrency deflationary.

The third asset is ADA from the Cardano project. This investment is convinced not only by an ambitious plan to conquer the market, because such are representatives of virtually all cryptocurrencies, but also a 30-person development team, which includes the best scientists from around the world dealing with blockchain and programming. The academic approach to business is usually quite successful and we hope that this time it will be the same.

The last cryptocurrency that we want to buy for at least a year is chainlink (LINK). The funds for its activities were raised around the clock, and today it is fully integrated with the interbank SWIFT system and cooperates with Intel and AXA insurer. That's enough for us.

What do we want to achieve?

Of course, several million zlotys of profit;). More seriously - we will check whether investing in risky instruments will yield a higher rate of return than the alleged few percent on our ZUS account. Of course, cryptocurrencies may theoretically disappear completely, and we may also lose everything, but who will bet - given the economic and, above all, demographic situation in Poland - that ZUS will not go bankrupt in the coming years?

Now we'll begin!

We bought Bitcoin, Link and Binance Coin for our first 60 euros on February 27.02.2020, XNUMX. We immediately put Binance into a deposit, where interest will be booked on a daily basis.

First summary in a month!

Cryptocurrency exchanges - Statement 2022

Country of Registration	Estonia, from 11.2019 (formerly Malta)	Malta	Estonia	Hong Kong
Foundation year	2014	2017	2018	2016
FIAT currencies	YES	YES	YES	YES
Available PLN	YES	NEVER	YES	YES
Stable coins	NEVER	YES	YES	YES
Number of instruments	approx. 50	approx. 700	approx. 200	approx. 85
Commission	from 0,1%	0,1% (or less)	1,45%	0,036% - 0,144%
Financial leverage	-	1:1 - 1: 125 (futures) 1: 3 (margin)	-	1:50 (futures) 1: 3 (margin)
Own token	-	Binance Coin (NBB)	-	CryptoCoins (CRO)
Extras	immediate transfers, card to account	API, Lending, Staking, NFT, Auto Invest, Farming, P2P,	Polish support, Lending, auto-purchase, savings	account card, Lending, Staking, NFT
website	www.zondaglobal.com	www.binance.com	www.kriptomat.io	www.crypto.com
	REVIEW	REVIEW	REVIEW	REVIEW
	CREATE AN ACCOUNT	CREATE AN ACCOUNT	CREATE AN ACCOUNT	CREATE AN ACCOUNT