2021 Year in Review
2021: The year crypto went mainstream
Public interest, adoption, and investment hit all-time highs, creating unprecedented profit opportunities for everyone from private equity firms to recreational traders.
Coinbase went public, El Salvador made BTC legal tender, Bitcoin hit an all-time high, and digital toilet paper sold for tens of thousands of dollars_it really was a whirlwind ride. It was a record year for us here at ProfitFarmers, too – we hit target on nearly 80% of our signals.
Join us as we take a look at the game-changing crypto news from 2021, and take a look at what’s in store for 2022 so you can get ahead of the game. We’ll also cover our most important crypto trading stats and new features.
2021 may very well have been the most important year in crypto ever.
Let’s check it out.
Bitcoin Hits All-Time High
Bitcoin peaked 3 separate times in 2021, including an all-time high of ~$68,000. This is most likely due to a few separate factors:
- The covid crisis and inflation driving investors to seek alternative stores of value
- The crypto market going into a frenzy from celeb tweets, pop culture, the Metaverse, and whatever mood Elon Musk is in that day on Twitter
- Mainstream acceptance of BTC in the form of exchange-traded funds (ETFs) on real stock exchanges
This points to BTC making major inroads among the masses. In fact, 13% of investors ages 18-49 now own crypto in the US (Gallup) compared to 3% a year ago. That’s a MASSIVE gain. No wonder markets are on fire.
Altcoins Hit All-Time Highs, Too
Bitcoin wasn’t the only coin to peak in 2021. Other coins hit all-time highs as well, some even outperforming BTC.
Here are a few of biggest coins to peak in 2021:
2021 was a big year for BTC and DOGE. In fact, 3 of our top 10 trades came from that pairing:
El Salvador Makes Bitcoin Legal Tender
In perhaps the biggest news of the year, El Salvador made BTC legal tender. That means all businesses in the Central American country now MUST accept Bitcoin.
Is this the first step toward one true world currency?
This move not only helps El Salvador remain independent of American monetary policy, it’ll help the majority of citizens get into the financial system and receive remittances from abroad.
El Salvadoran President, Nayib Bukele, even plans to build the world’s first Bitcoin city where the country will only charge VAT. His official stance is “come and make all the money you want”…we just might join him!
Bitcoin ETFs on the New York Stock Exchange
Crypto hit another massive milestone in October, debuting on the New York Stock Exchange. The world’s first Bitcoin exchange-traded fund (ETF) hit the market in early October, giving investors the opportunity to “invest” or “trade” in BTC without having to go through the hurdles of buying/owning or depositing on an exchange.
Now, instead of going to an exchange, registering, and buying Bitcoin, investors can buy shares of the ETF and benefit from crypto. It’s not perfect, but it’s a huge first step, and opens up crypto markets to billions of more dollars in investments.
Other Major Crypto Political Events
2021 Was Massive for ProfitFarmers, Too!
2021 was the biggest year yet for crypto, and for us too.
At the end of every year, we like to take a deep dive into how well our trading platform performed – not to brag or pat ourselves on the back (though that is fun!) – but to show you that this actually works.
And to show you that crypto trading isn’t just for Elon Musk, old money, or super genius hackers. There’s plenty of money to be made, and crypto keeps getting bigger and bigger by the year.
If you’d like to see the full report, download it here.
Here are some of the key takeaways from 2021.
We completed an audit of the full year of results and were happy to find we’ve reported everything with over 99% accuracy throughout the year of 2021!
1,680 of our trades were winners compared to just 471 losers, meaning 78% of our trades resulted in profitable trading opportunities for our users (a winner is a trade that hits at least target 1).
That’s an insane opportunity for profits. That means if you had just “blindly” followed our trading signals until they hit target 1, you’d have won ~80% of your trades in 2021.
That’s not counting our ‘closed early’ trades which are trades closed early before they reach a stop loss or their first target. These are typically a small win or loss depending on where you tried to jump into the trade. Our Trade Guardian feature can close these for you automatically if you aren’t around to watch the charts. You can read more about that below!
Nearly 20% of Our Signals Hit Target 4
The gains at target 4 are obviously much higher than at target 1, so having nearly 20% (416) of our signals hit that number is a huge win for ourselves and our user base.
And, as you can see, nearly 28% of our signals ended at just target 1. That might not seem like much, but there are plenty of gains to be made. Here, you can see the average gains from target 1 are about 10.6%:
So if you make a trade for $1,000, you’d make about $106 if you sold out at target 1, which is far from nothing.
Check out the gains at T4! Nearly 58%! Keep in mind that about 20% of our signals made it to T4. There’s definitely a massive opportunity to make money trading crypto.
Our Top Trade: 1544% Gains on ONE Trade
Sometimes playing the long game is right. Patience is key! In one monster trade, we managed 1,544% from SAND/USDT over 4 months.
SAND is one of those coins that took off after the metaverse announcement. Facebook announced Metaverse somewhere around October. We’ve managed to call this trade in July. We predicted the metaverse pump like nostradamus!
– It took almost 3 months for this coin to get going, but when it did, it shot up 1000% in 28 days.
And We Got Some Massive Upgrades in 2021 Too
In 2020, we made it a goal to improve our user experience and close some of the gaps in our trading tool to offer an even better experience for our users in 2021.
And that’s exactly what we did.
We are proud to announce that we not only added features to help safeguard your trades, but we upgraded ProtfitFarmers to help every user make more money while doing less work.
Let’s take a quick look:
Feature 1: Trade Guardian
The people talked. We listened.
Our goal is to make profitable trading as straightforward as humanly possible. One of our biggest gaps was our email notifications for trades that we thought should be closed early.
Sometimes signals stray from the path we expect them to take. Before, we’d have emailed you a notification to close the trade. That’s not very automated, is it? Now, with Trade Guardian activated, our system will automatically close your position if our signals go off the path, so you lose as little as humanly possible.
We made this feature mainly so that all of our members can SLEEP EASY. Bed time? Turn Trade Guardian ON and know you’ll be protected. Want to maximize your trades and watch the charts? Cool, just turn Trade Guardian OFF and take full control!
Feature 2: Laddering
Instead of manually finding a price within the “entry zone” – and sometimes missing the trade – now you can “ladder” your entry into the trade.
Laddering is basically buying into a trade at a group of different prices rather than just a single price. Here, we’re buying into a trade at 5 different prices (the default setting) at 20% each of the $300 we’ve allocated for this trade.
This helps in a few ways:
Feature 3: Breakeven Stop Loss
This smart feature automatically moves your stop loss up when your trade hits the next target. That way, you can lock in profit.
Here’s an example. Say you’re making a USDT/BTC trade at an entry price of $8,000 and you set your stop loss at $7,500. Thankfully, your trade hits T1 – say, $8,250 – normally, your stop loss would remain at $7,500 unless you manually changed it, forcing you to sit by the computer and monitor the trade at all times.
With our Breakeven Stop Loss smart feature, you can program ProfitFarmers to move the stop loss for you so you lock in profit. In this example, ProfitFarmers automatically moves your stop loss up to your Entry Price ($8,000). That way, if the price crashes down, the trade is “cancelled” and your profit is locked in. With the original stop loss of $7,500, you would’ve lost the profit you’d gained.
TL;DR - 2021 in Crypto
2021 was the biggest, most important year to date in the crypto world. Political adoption, stock market acceptance, all-time highs in the biggest coins, massive trading gains_this year was a wild ride.
We want to show you our signal win rate, gains, and awesome new features because we want you to know that with this insight, it’s possible for anyone to make money trading crypto in today’s climate.
Looking Ahead to 2022
2022 started out with a dud – which is GREAT for traders in the know.
Prices might never go this low again, which is why so many traders are “buying the dip”. Bitcoin is half the price it was just a few months ago, and history has a strange way of repeating itself. After hitting a low point, it skyrocketed to an all-time high.
Nothing is guaranteed, but based on what we do know, there’s a good chance BTC hits a new all-time high by the end of this year.
Here are a few other key things to keep in mind for 2022:
ONE MORE BIG ANNOUNCEMENT! The FREE VERSION of ProfitFarmers is Almost Here
We’re super excited to announce that now everyone will have a chance to be a ProfitFarmer.
In the next month or two, we’ll roll out our FREE trading tool, including our signals, trading dashboard, price scanners, and our brand new features – all for FREE (with a few limitations, of course).
We want the entire crypto community to see just how good this platform really is, and how much money there is to be made. So much in fact, that we’ve decided to offer a limited version for $0. Stay tuned!