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Peter Brandt

이선영 기자 | 기사입력 2024/06/14 [11:48]

Peter Brandt

이선영 기자 | 입력 : 2024/06/14 [11:48]

▲ Peter Brandt/Source: Twitter ©Coinleaders

 

Veteran trader Peter Brandt revealed an important strategy for navigating the volatile cryptocurrency market.

 

Brandt, a well-known U.S. trader, told X on Wednesday that making money in trading is relatively easy, but keeping it is the real challenge.

 

He pointed out that through his years of trading experience, the key to long-term success is not just making profits, but preserving them.

 

Brandt said he had to take profits over and over again while experiencing frequent drawdowns, where the value of an asset drops significantly, and this cycle of repeated gains and losses taught him the importance of capital preservation.

 

Brandt emphasized that once profits have been made, one should move away from aggressive trading and prioritize protecting accumulated capital. It's not a risk-averse strategy, he said, but a more prudent one.

 

Meanwhile, according to Cointelegraph, Brandt said, "BTC's current behavior is similar to past post-halving movements. If this trend continues, BTC could rise to at least $130,000 by the end of 2025."

 

"The bullish cycle started 16 months before the May 11, 2020 halving and ended 18 months after the halving," he said. It was the same pattern at both the first halving and the second halving. Based on this, we expect the top of this bull market cycle to be in August-September 2025."

 

 
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