Peter Brandt: “I am not a supporter of Bitcoin hodling” – Bits Media

Well-known cryptocurrency analyst and trader Peter Brandt criticized Bitcoin “hodlers”, stated, that there is no point in holding cryptocurrency for a long time.

Factor LLC CEO Peter Brandt (Peter Brandt) wrote on Twitter, that he is not a supporter of the "hodl" strategy. The analyst noted, that Bitcoin has a history of falling to 80% 4 Raza for 11 years old. According to his estimates, every time the cryptocurrency should grow by 400%, to fully recover.

In this way, the trader earns practically nothing, and given the volatility of the first cryptocurrency, “Hodlers” may even go into the red.

"I hate making the same money over and over again. Quite difficult the first time", - he wrote.

According to Brandt, most often, investors in BTC are hesitant to sell cryptocurrency due to the complexity of trading - it is easier for them to stick to the “hodl” strategy. but, In his opinion, easy to calculate cycles, which cryptocurrency goes through, and determine an investment strategy. The expert stated, that “hodling” is more of a religion, than real trading.

Brandt previously stated, that in the long term BTC will surpass the level of $100 000.