Don’t Trade, Buy Bitcoin: Legendary Trader Peter Brandt

by

Ah, the world of trading! A delightful circus where the clowns often wear suits and the acrobats are just trying to keep their balance on a tightrope of volatility. Veteran trader Peter Brandt, a man who has been around the block more times than a postman on a caffeine high, has a rather cheeky message for the fresh-faced novices: don’t trade, darling, just buy Bitcoin! 💰

In a recent post on X, our dear Peter, who has been trading since the days when dinosaurs roamed the earth (or at least since the 80s), advised that beginners would be far better off ignoring the daily hullabaloo. Instead, he suggests tossing your hard-earned cash into broad market ETFs like SPY and QQQ, and why not sprinkle a little Bitcoin on top for good measure? After all, who doesn’t love a good sprinkle? 🎉

Now, this is a rather bold proclamation, especially from someone whose technical analysis skills could probably predict the weather in London. But according to our sage, most people simply aren’t cut out for trading and end up losing their shirts trying to outsmart a market that is, quite frankly, smarter than they are. Shocking, I know! 😱

His advice? Keep it simple, darling: build long-term positions and leave the frantic moves to the professionals who thrive on adrenaline and caffeine. ☕️

Don’t trade. Put your money in $SPY, $QQQ and $BTC

— Peter Brandt (@PeterLBrandt) June 17, 2025

However, there’s a delightful twist to this tale. Just a week prior to this latest gem of wisdom, Brandt shared a rather alarming technical chart suggesting that Bitcoin might be on the brink of a catastrophic plunge. His point? There’s a sideways consolidation pattern forming near Bitcoin’s recent highs—around $104,000—that looks suspiciously like the one we saw in late 2021, just before the market decided to take a nosedive. 🎢

If history has a sense of humor, Brandt warned that BTC could potentially plummet by a staggering 75%. Now that’s what I call a dramatic exit! 💥

Some naysayers raised their eyebrows, pointing out the stronger fundamentals and rising production costs for miners. But our dear Peter was not swayed. He likened Bitcoin to commodities like gold and wheat, insisting that production costs don’t dictate market prices—supply and demand do. A rather refreshing perspective, wouldn’t you agree? 🌾

Even though the chart is looking as gloomy as a rainy day in London, Brandt’s core message remains as clear as a bell: he’s not suggesting you avoid Bitcoin, just that you stop trying to trade it like it’s a game of poker. To him, the real risk lies not in holding Bitcoin long-term, but in overestimating your ability to time it just right. A classic case of hubris, if you will! 😏

In a world where hype, leverage, and the allure of fast money reign supreme, Brandt’s advice is like a breath of fresh air: don’t play unless you understand the rules—and even then, it might be wiser to sit this one out. After all, darling, who needs the stress? 🎭

Read More

2025-06-17 18:44