Veteran Trader Peter Brandt Suggests All BTC Acquired in 2021 Are ‘Losing Trades’ — Rekindling Feud with Laser Eyes Movement – ​​Bitcoin News

Veteran trader Peter Brandt’s recent remarks, mocking crypto traders who still use the laser-eyed crypto meme, elicited an immediate angry response from bitcoiners on Twitter. Caused. One of the most famous bitcoiners, Michael Thaler, reminded Brandt that the laser eye signifies a “long-term commitment to bitcoin based on ethical, technological and economic advantages over alternative assets.” I was. John Bollinger, his analyst and inventor of technical indicators for his band Bollinger, suggested that Blunt’s tweet was “a little mean.”

All BTC Purchased in 2021 Are Now “Losing Trades”

Veteran trader Peter Brandt recently warned bitcoiners to use the laser-eyed crypto meme after reminding them that all bitcoin purchases in 2021 are currently “losing trades.” reignited a feud with Blunt added that he could not have predicted that the cryptocurrency would trade below $20,000 in October 2022.

In response to the veteran trader’s tweet, recently stepped-down CEO of Microstrategy, Micheal Saylor, explained why he and other Bitcoiners are still committed to the laser eye cause. He said:

A laser eye signifies a long-term commitment to Bitcoin based on its ethical, technological and economic advantages over alternative assets. Over the past year, all major financial asset classes have lost trading. That’s why we don’t trade.

Thaler’s remarks were echoed by another Twitter user named Steven Rivera, who attributed the laser eye movement to people’s main purpose of “increasing the number of stacked SATs and gaining freedom.” In addition, users also seemed to attack Brandt’s use of technical indicators when trying to understand future price movements of the asset.

“Predicting short-term price movements is a silly business. Growing and advancing the movement is the real goal,” Rivera tweeted.

Alex Gladstein, a human rights advocate and laser eye advocate, reminded Blunt, “The idea was just to put them on for the trip to $100,000.” We predicted that the laser eye would not abate until BTC equaled $100,000.

When one Twitter user, dubbed Bazooka, responded to Blunt’s tweet by claiming that he bought BTC when the cryptocurrency’s US dollar value was between $17,000 and $18,000, the veteran trader said: “BTC has never traded below $24,000 in 2021,” it countered, reminding users.

The dangers of dogmatic thinking

But when technical analyst and inventor of the Bollinger Bands, John Bollinger, suggested that Blunt’s tweet was “a bit mean,” the veteran trader agreed, although his aim was to avoid the movement of the laser’s eye. He claimed it was to remind his followers of the “danger of dogma.” idea. “

With the 2021 cryptocurrency bull market, many Bitcoin Maxis have started adding red laser eyes to their social media profile pictures. Using a red laser eye signifies the owner’s bullishness. As the movement gained momentum, Brandt became one of the first prominent traders to question the movement, comparing it to a cult.

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

“I use laser eyes when $BTC goes through the $50,000 correction and many people replace their lasers due to tears.”

A few months after Blunt said this, Bitcoin hit an all-time high of $68,789.63. Since then, however, the top cryptocurrency has been trending downwards, trading mostly between $23,000 and $18,000 after September 1, 2022.

What are your thoughts on this story? Let us know what you think in the comments section below.

Terrence Jimwala

Terence Zimwara is a Zimbabwean award-winning journalist, author and author. He has written extensively on the economic problems of several African countries and how digital currencies can provide an escape route for Africans.