Veteran Trader Peter Brandt Suggests All BTC Acquired in 2021 Is ‘a Losing Trade’ — Reignites Feud With Laser Eyes Movement

Veteran trader Peter Brandt’s latest remarks which mock crypto traders inactive utilizing laser eyes crypto memes person sparked an contiguous and aggravated effect from bitcoiners connected Twitter. One precise celebrated bitcoiner, Michael Saylor, reminded Brandt that the laser eyes signify “a semipermanent committedness to bitcoin based connected its ethical, technical, and economical superiority to alternate assets.” Technical expert and inventor of the Bollinger Bands method indicator, John Bollinger, suggested that Brandt’s tweet was “a spot mean.”

All BTC Purchased successful 2021 is Currently ‘a Losing Trade’

Veteran trader Peter Brandt precocious reignited his feud with bitcoiners who usage laser eyes crypto memes aft helium reminded them that each bitcoin acquisition successful 2021 is astatine the infinitesimal “a losing trade.” Brandt added that adjacent helium could not person predicted that the crypto would beryllium trading nether $20,000 successful October 2022.

In effect to the seasoned trader’s tweet, Micheal Saylor, who precocious left his presumption arsenic CEO astatine Microstrategy, explained wherefore helium and different bitcoiners are inactive committed to the laser eyes cause. He said:

Laser eyes signifies a semipermanent committedness to bitcoin based connected its ethical, technical, and economical superiority to alternate assets. All large fiscal plus classes person been losing trades implicit the past year. That is wherefore we don’t trade, we hodl.

Saylor’s remarks were echoed by different Twitter idiosyncratic named Stephen Livera who insisted that the cardinal purpose of those ascribing to the laser eyes question is “to summation our fig of sats stacked and state acquired.” In addition, the idiosyncratic besides appeared to onslaught Brandt’s usage of method indicators erstwhile seeking to recognize an asset’s aboriginal terms movement.

“Predicting short-term terms movements is simply a fool’s errand. Growing and advancing the question is the existent goal,” Livera tweeted.

Alex Gladstein, a quality rights defender and protagonist of laser eyes, reminded Brandt that “the thought was simply to enactment them connected for the travel to $100k.” Gladstein predicted that the laser eyes question is not going to relent until 1 BTC is adjacent to $100,000.

When 1 Twitter idiosyncratic called Bazooka responded to Brandt’s tweet by claiming to person bought BTC erstwhile the crypto asset’s U.S. dollar worth was betwixt $17,000 and $18,000, the seasoned trader changeable backmost by reminding the idiosyncratic that “BTC ne'er traded nether $24,000 successful 2021.”

Dangers of Dogmatic Thinking

However, erstwhile John Bollinger, a method expert and inventor of the Bollinger Bands, suggested that Brandt’s tweet was “a spot mean,” the seasoned trader concurred but insisted his purpose was to punctual supporters of the laser eyes question of the dangers “of dogmatic thinking.”

During the 2021 crypto bull market, galore bitcoin maxis began adding reddish laser eyes to their societal media illustration pictures. Using the reddish laser eyes past signified the holder’s bullishness. As the question was gaining traction, Brandt became 1 of the archetypal salient traders to question the movement, which helium compared to a cult.

For instance, connected March 31, 2021, erstwhile bitcoin was trading supra $58,000, Brandt said:

“I volition usage my laser eyes erstwhile $BTC experiences a $50,000 correction and galore of you swap your lasers for tears.”

Months aft Brandt said this, bitcoin went connected to deed an all-time precocious of $68,789.63. However, since then, the apical cryptocurrency has trended downwards and has chiefly traded betwixt $23,000 and $18,000 since September 1, 2022.

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