Veteran Trader Peter Brandt Suggests All BTC Acquired in 2021 Is ‘A Losing Trade’ – Reignites Feud With Laser Eye Movement – Bitcoin News

Veteran trader Peter Brandt’s latest comments mocking crypto traders still using laser-eyed crypto memes have prompted an immediate and angry response from bitcoiners on Twitter. A very famous bitcoiner, Michael Saylor, reminded Brandt that laser eyes signify “a long-term commitment to bitcoin based on its ethical, technical, and economic superiority over alternative assets.” Technical analyst and inventor of the Bollinger Bands technical indicator, John Bollinger, suggested that Brandt’s tweet was “a bit bad”.

All BTC bought in 2021 is currently ‘a losing trade’

Veteran trader Peter Brandt recently reignited his feud with bitcoiners using laser-eyed crypto memes after reminding them that every bitcoin purchase in 2021 is right now “a losing trade.” Brandt added that even he could not have predicted that the crypto would trade below $20,000 in October 2022.

Veteran Trader Peter Brandt Suggests All BTC Acquired In 2021 Is 'A Lost Trade' - Reignites Feud With Laser Eyes Move

In response to the tweet from veteran trader Micheal Saylor, who recently stepped down as CEO at Microstrategy, explained why he and other bitcoiners are still committed to the laser eye cause. He said:

Laser eyes signify a long-term commitment to bitcoin based on its ethical, technical, and economic superiority over alternative assets. All major financial asset classes have lost trades over the past year. That’s why we don’t trade, we hold.

Saylor’s comments were echoed by another Twitter user named Stephen Livera, who insisted that the key goal of those attributing laser eye movement is to “increase our number of satellites stacked and freedom gained.” In addition, the user also appeared to attack Brandt’s use of technical indicators when he was seeking to understand the future price movement of an asset.

“Predicting short-term price movements is nonsense. The real goal is to grow and move the movement forward,” Livera tweeted.

Alex Gladstein, a human rights advocate and supporter of laser eyes, reminded Brandt that “the idea was just to put them on the road to $100,000.” Gladstein predicted that laser eye movement is not going to let up until one BTC equals $100,000.

When a Twitter user named Bazooka responded to Brandt’s tweet claiming to have bought BTC when the US dollar value of the crypto asset was between $17,000 and $18,000, the veteran trader responded by reminding the user that “BTC never traded below $24,000.” in 2021″.

Dangers of Dogmatic Thinking

However, when John Bollinger, technical analyst and inventor of Bollinger Bands, suggested that Brandt’s tweet was “a bit petty,” the veteran trader agreed, but insisted his goal was to remind supporters of the movement of laser eyes the dangers of “dogmatism”. thinking.”

Veteran Trader Peter Brandt Suggests All BTC Acquired In 2021 Is 'A Lost Trade' - Reignites Feud With Laser Eyes Move

During the crypto bull market of 2021, many bitcoin maxis began adding red laser eyes to their social media profile pictures. The use of red laser eyes signified the optimism of the headline. As the movement gained traction, Brandt became one of the first prominent merchants to question the movement, which he likened to a cult.

For example, on March 31, 2021, when Bitcoin was trading above $58,000, Brandt said:

“I will use my laser eyes when $BTC experiences a $50,000 correction and many of you will trade your lasers for tears.”

Months after Brandt said this, Bitcoin hit an all-time high of $68,789.63. However, since then, the leading cryptocurrency has been trending lower, trading mostly between $23,000 and $18,000 since September 1, 2022.

Tags in this story

Alex Gladstein, bitcoin all-time highs, bitcoin hodler, bitcoin maximalist, BTC, cryptocurrency, John Bollinger, michael saylor, Peter Brandt, Satoshi, sats

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Terence Zimwara

Terence Zimwara is an award-winning Zimbabwean journalist, author and writer. He has written extensively on the economic problems of some African countries and how digital currencies can provide Africans with a way out.

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