January Recap, February Preview for Crypto is Easy
After Elon Musk repped bitcoin in his Twitter profile, bitcoin’s price started going up again and exchanges report overwhelming numbers of new users.
This is eerily reminiscent of November 2017, when bitcoin’s price dropped quickly but not low enough to fall back into the buying zone of my plan (if I’d have had a plan in 2017).
From talking to financial advisors, it sounds like they’re getting tons of clients asking to buy bitcoin, just like in November 2017.
Exchanges are struggling to keep pace with the volume of new customers, with new backlogs on sign-ups, deposits, and withdrawals.
Transaction fees are going haywire yet nobody cares.
Altcoins are already moving multiples higher but most people don’t realize this yet because bitcoin’s price has tripled over the past three months.
Price movements and on-chain metrics show the same patterns and correlations we see as the market starts heading to its cycle peak.
Yet, everybody says this bull market will run through all of 2021. Stock to flow predicts $288,000 bitcoin this year. Your friends only just got into the market. And bitcoin’s price still hasn’t gone above its 2021 high.
Also, Mark, why have you told us not buy or sell bitcoin for the past few months? What’s your thing on pushing us to altcoins—I thought you’re a bitcoin guy!
From my vantage point, it’s still 50/50 whether we get a big drop now or shoot up to the market cycle peak. Altcoins look amazing and the overall market just hit its all-time high, the culmination of long trends finally converging at this moment . . . but it’s hard to see altcoins going up if bitcoin crashes.
Tough decisions now. Catch my most recent update for analysis, commentary, and advice on this moment.
Also, read the December monthly issue if you haven’t yet. It captures my thoughts about this transition from smart money and institutional investors to retail buyers and the general public.
About your subscription
I use a newsletter service, Substack, to deliver Crypto is Easy. I confirmed with them that everybody on a premium subscription will never see their subscription fee go up, ever. If you’re on the monthly plan, you will pay $7.77 forever. If you’re on the yearly plan, you will pay $77 forever.
On February 15, 2021, I will raise the new subscriber fee.
If you’re already on the premium plan, this change is irrelevant—you will never pay a penny more than you already pay.
If you’re not on the premium plan, you may want to bump up your subscription before February 15, 2021.
Also, you may not know that I have a separate research service, Altcoin Insights, which recommends small, obscure altcoins that have tremendous upside.
The idea is to get in before everybody else does and accumulate tokens early. That way, when they boom, we are way ahead of everybody else. Think about buying LINK at $1 or AAVE when it was EthLend.
My goal is to find those types of opportunities, then accumulate tokens while prices remain low.
Cumulatively, my recommendations beat the overall market by 130% as of January 31, 2020. See the proof.
Some of those altcoins haven’t done much, but the ones that went up more than made up for the laggards.
Even so, if you’d put $100 into each of my 12 recommendations when I released them, your crypto would be worth $5,609 today.
If you’d have put the same amount of money at the same time into any random other cryptos instead of mine, your crypto would be worth *only* $2,440 today.
(Also amazing returns.)
I will close Altcoin Insights to new members on February 15, 2021. After that date, I will never open it again. Period.
This is not a Teeka Tiwari marketing ploy where I wait a few months and then hold an emergency summit. It’s an honest promise that once I close this service, I will never open it again.
If you’re interested in subscribing, check out Altcoin Insights before February 15, 2021.
Please take a few minutes to read the information I have posted on that site. Altcoin Insights does not offer trading opportunities and often, my recommended cryptos are hard to get.
I aim to find a few gems and build our wealth by accumulating their tokens over the long term. Worth the effort, in my opinion, but not everybody’s cup of tea.
Read below to see what you missed in January and what you can look forward to in February.
What you missed in January
What to expect in February
Perspective on the data models, altseason, market cycles, and what it all means for you.
Weekly “Sunday Rundowns” of news, events, and interesting information.
Free copy of my new ebook, From Bust to Boom: Ten Months Through the Eyes of a Bitcoiner (premium subscribers only).
Bitcoin and altcoin market updates (premium subscribers only).
Do you have any airdrops you could recommend? Email me at firstname.lastname@example.org and I’ll use your referral link!
If you’re not a premium subscriber, you may want to think about upgrading your experience. Use this “Subscribe Now” button to upgrade your subscription.
Relax and enjoy the ride!