Peter Brandt, one of the leading analysts in the crypto money market, recently shared on his Twitter account that long-term bitcoin criticized its investors.
Criticism of Bitcoin Hodlers by Peter Brandt!
To Bitcoin hodlers The seasoned trader, who posted the reference, criticized the often recommended long-term investor profile.
Cryptocurrency market Peter Brandt, who made a name for himself with his consistent predictions about Bitcoin, said, “Bitcoin has a history of 80 percent decline, 4 times in the past 11 years. A Holder (the investor who holds BTC without selling it) needs a 400% rise each time to return to ATH.” said.
In this context, Brandt stated that he hates trying to earn the same money “over and over” and that it is pointless, and that it is difficult enough to make money in the cryptocurrency market for the first time.
“Bitcoin Is Not A Religion!”
In the continuation of his sharing, Brandt said, of bitcoin He argued that the peak cycles of 2013, 2017 and April 2021 are actually easily understandable.
Senior analyst Brandt lastly emphasized that the leading cryptocurrency Bitcoin is not a religion, and therefore he believes that “the risk of an 80% correction does not make sense for investors, given the clarity of market peaks”.
I am NOT an advocate for short-term trading
The 2013, 2017 and Apr 2021 highs were extremely recognizable
Given the clarity of tops, why would someone risk 80% DDs and need to make the same $$ over and over and over again?
come on folks, $BTC is a great investment, not a religion https://t.co/xJXN6fYODG— Peter Brandt (@PeterLBrandt) March 3, 2022
*Not investment advice.