Renowned chartist says that the “laser eyes” craze did not live up to the Bitcoin price expectations; John Bollinger and Michael Saylor disagree
Seasoned commodity trader Peter Brandt slams “the arrogance of the laser eye movement”, while renowned traders John Bollinger and Michael Sayer of Microstrategy disagree with the chartist.
Besides, Brandt admitted that he was unable to predict that in 2022 Bitcoin would be trading below the $20,000 level.
“Let’s Be Honest” – Bitcoins Under $20,000
In a recently published tweet, Peter Brandt said that in 2021 hardly anyone who added “laser eye” to his Twitter avatar was able to predict that every BTC purchase in 2022 will turn into a losing trade. Will change And there were many more who “wear” laser eyes on Twitter, the trader reminded the community.
Brandt admitted that he was unable to predict that Bitcoin would be sitting below the $20,000 level this year for several months in succession.
“The danger of dogmatic thinking”, Bollinger and Saylor step up
Another famous trader, John Bollinger, the inventor of the Bollinger Bands TA Indicator, joined the discussion. So did bitcoin evangelist Michael Sayer. From MicroStrategy – The company’s founder and its former CEO.
Michael Saylor told Brandt that the “laser eyes” movement was merely a sign of taking a commitment to Bitcoin “based on its ethical, technical, and economic superiority to alternate assets.”
Bitcoiner reminded Brandt that not only bitcoin, but all top assets have been going down over the past 12 months. For this reason, “we don’t trade bitcoin, we do”, tweeted Sayler.
John Bollinger joined the discussion, saying that it was “a bit mean” of Brandt to state that about Bitcoin and “laser eyes”. In response, the commodity trader slammed “the arrogance of laser eyes movement” and reminding those Bitcoiners that dogmatic thinking can be dangerous.
Brandt then reminded Bollinger that in the original tweet, he himself admitted to being among those who didn’t believe bitcoin was possible again at $20,000.
