.PeterLBrandt admits he could not have predicted Bitcoin trading below $20,000 in Oct 2022. bbands
Another renowned trader, inventor of Bollinger Bands TA indicator, John Bollinger joined the discussion. So did Bitcoin evangelistMichael 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.”
The Bitcoiner reminded Brandt that in the last 12 months, not only Bitcoin but all top assets have been going down. For this reason, Saylor tweeted, “we don’t trade Bitcoin, we hodl”.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.
John, in some ways, yes, I agree -- a bit mean. But in other ways I disagree. The arrogance of the laser eye movement needs to be reminded of the danger of dogmatic thinking.Brandt again then reminded Bollinger that in the root tweet, he himself admitted being among those who did not believe Bitcoin at $20,000 was ever likely again.
Do you understand that I was among those who would have never thought $20,000 was possible again. So, am I kicking myself????
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