Bitcoin hit a new all-time high of $42,000 in early Janurary and has since pulled back to $33,000. Is this a buying opportunity?
Brandon Quittem
Jan 31, 2020January 31, 20206 min read6 minutes read
Welcome to the January 2021 edition of the Swan Signal monthly newsletter. Bitcoin hit a new all-time high of $42,000 in early January and has since pulled back to $33,000.
In the meantime, we hope you find our monthly Bitcoin newsletter valuable!
In this month’s letter:
Liftoff: a short essay about Bitcoin
A curated list of recent Bitcoin content
Behind-the-scenes updates from the Swan team
Liftoff: Bitcoin Down 22% From its All-Time High. Is This a Buying Opportunity?
Bitcoin is trading at $33,000 at the time of publication. This is down 22% from the recent all-time high of around $42,000. Should we be worried?
No, we should not be worried. In fact, it’s healthy to see pullbacks in a bull market.
For some historical context, Bitcoin rose from $1,000 to $20,000 in 2017, and during that run, we saw five ~30% pullbacks. Buying during those pullbacks turned out to be wise moves.
Swan customers have been buying this dip in earnest 💪
We’ve noticed that any time the Bitcoin price drops by 5 — 10%, existing Swan customers log into their dashboard and make on-time buys. In fact, our biggest volume days are when the price dips 🙂
As a reminder, our new “buy instantly” feature is available for all Swan Customers.
Swan customers aren’t the only ones buying this dip…
In fact, we’re seeing increased institutional investors buying Bitcoin like never before.
“I stack like a gangster on Swan. Easy, lowest fees around. The ‘Smash Buy’ feature puts Coinbase and Cash App to shame. Auto-withdrawing my multisig cold wallet gives me peace of mind. Fantastic!”
Max Keiser
Swan is the easiest and safest way to accumulate Bitcoin.
Stoneridge Asset Management recently launched a Bitcoin fund. They recently published their 2020 annual shareholder letter describing their Bitcoin thesis. They’re incredibly bullish on Bitcoin.
Vijay is one of the best at articulating the value proposition of Bitcoin. This is a perfect episode for beginners, be sure to pass along to your friends and family.
Bitcoin Tidbit: What is a “pseudonym?”
A pseudonym is a fictitious name that a person or group assumes for a particular purpose. Bitcoin’s creator used the pseudonym “Satoshi Nakamoto” to conceal their identity. There is a misconception that Bitcoin addresses are anonymous, however in reality they’re pseudonymous.
Highlights from Swan’s Content
Swan is dedicated to producing great content to educate and raise awareness about Bitcoin. Our blog, Swan Signal, features thoughts and opinions on Bitcoin from the Swan team and industry experts.
Our weekly live broadcast, Swan Signal Live, pairs notable guests for compelling discussions about Bitcoin and economics. The live broadcast is then published as audio on the Swan Signal Podcast feed. Subscribe to receive new episodes.
Swan Signal Live 45: Lyn Alden and Jeff Booth Great discussion on technology as a deflationary force, long-term debt cycles, and Bitcoin as a solution to unpayable sovereign debt.
Swan Signal Live 46: Preston Pysh and Andy Edstrom A lively discussion on the latest in Bitcoin, macroeconomics, and finance. There’s a reason these two >guys are regulars on the Swan Signal Live show 🙂
Why Bitcoin is not a Ponzi Scheme by Lyn Alden Lyn Alden methodically breaks down why Bitcoin is NOT a ponzi Scheme in a recent guest post on the Swan Signal blog. Lyn is known for her sharp wit and unmatched clarity in her writing.
Robert Breedlove joined the Swan Team! Robert is the managing director of Swan Private which helps corporations and high net worth individuals build generational wealth with Bitcoin. Stay tuned for the Swan Private public launch.
Swan Bitcoin Advisor, Max Keiser, just launched a newsletter called the “Daily Dose.” If you like Max, you’re going to love this. Sign up here
Swan Force has grown to over 2,500 members! Join Swan Force to get paid to recruit Bitcoiners. When you recruit someone to Swan, you’ll earn 25% of all Swan fees for 3 years.
Thank You!
Wow. The energy surrounding Bitcoin (and Swan) is explosive right now.
2021 is poised to be an incredible year and we’re so glad to fly alongside you. 🦢
As always, Swan is here to ensure investing in Bitcoin is easy, fast, and safe. Click here to get started today!
P.P.S. As part of our commitment to education, we’re offering you and your friends a free copy of Inventing Bitcoin by Yan Pritzker. Share this link around!
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Brandon Quittem
Brandon is an entrepreneur, writer, speaker, and passionate Bitcoiner. His articles have been read by more than 2 million people online. Most well known for exploring the parallels between bitcoin and mycelium.
Swan Guard brings world-class Bitcoin security with advanced risk controls, scam defense, and expert support — vigilantly protecting your Swan account and safeguarding your Bitcoin.
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