UPDATE: at press time Bitcoin is worth $11,716

Veteran trader Peter Brandt explains how to take advantage of corrections in a bull market. He also told us why he considers Bitcoin a market like no others and the reasons for his skepticism toward altcoins.

Get your Cointelegraph merch here: http://bit.ly/2X67nM7
Use this code for your 30% discount in our store: HODLERSDIGEST30

#Cointelegraph #Bitcoin #Crypto

Subscribe to Cointelegraph: https://goo.gl/JhmfdU

Follow COINTELEGRAPH:
Website: https://cointelegraph.com/
Telegram: https://telegram.me/thecointelegraph
Facebook: https://www.facebook.com/cointelegraph
Twitter: https://twitter.com/cointelegraph

Cointelegraph covers everything Bitcoin, bringing you the latest news, prices, breakthroughs, and analysis, with emphasis on expert opinion and commentary from the digital currency community.

Market Correction: When to Buy Bitcoin | Veteran Trader Peter Brandt Explains

source

46 COMMENTS

  1. How is it that "we have barely come off 20% here after an 80% correction" ?? Obviously we have run 430 % unusually and very suspiciously fast after the 80% correction of 2018. Peter is just excited to see a unique asset class that is extremely volatile unlike he has ever seen, but learning never ends and he may assume this is going to behave differently than traditional markets but it can very well behave similarly and the learning cycle goes on…

  2. Your video was very informative ,but the question is have you traded with Mr.Peterson trading strategy and trends to see how profitable it works? for me with just little contract i can mine higher amount of Bitcoins within a short time with the help of peterson_officialtrades trading strategy and trends. So i recommend you contact him for more details . on instagram

  3. I don't know what you think but for me trading should be a means of increasing your income, just use the right strategies and setups you will excel.try <andrewjenkinstrader667 @ gmail. com > his strategies are recommendable

  4. He is an excellent trader, but he doesn't understand BTC purpose, limitations and necessity of altcoins. Not all of them of course. Two years from now BTC transactions will be so high, the network so congested that it will just collapse. We need an ultimate altcoin for mass adoption. If you understand blockchain technology and its possible appliances it's easy to understand that we will need a 10m tx/sec project very very soon. For fuck sake, we will have fiat money on blockchain very soon. The government will collect their taxes with ease, from the smart contract, instant…

  5. Great again!!! In the next 5 to 10 hours we will go under the 10500$. I have been building a Bitcoin Time Machine that already made the right predictions. Watch my previous Video. A new Video is alrady coming…

  6. but what if there is no $4k bitcoin price anymore? What if Bitcoin never goes to $4k or even $5k again? The young crypto traders who missed out have no choice but to buy above $9k or $7k. Peter says investing at $13k isn't the wisest and 'buy it when it was under $4k'…but what if it never goes down that far or even to $5k again?! Really bummed out I missed out on $3k. It's like there's no choice but to buy it at above $7k going forward if it even corrects that far.

  7. I don’t understand why people think BTC is the only crypto that the word needs. Yes it’s a good store of value, but it can’t do anything besides that (everyday payment means, smart contracts, etc). Even if it can get tps up and cost per tx down, it still isn’t built for smart contracts and never will be without a huge hard fork that no one is even working on. Seriously, why are most BTC holder maximalists? Are they that insecure or do they not see the other use cases?

  8. I disagree that there will be no altcoin rally, it is rather very realistic that altcoin rally will follow, provided that btc will keep increasing in price. Why? Here is the explanation; it is just supply and demand. Once all btc are sold and price is like 50k USD, can you imagine all altcoins will be disappared by then? And that litecoin will be priced with 120 usd? Or ripple at 0.40 usd? Just think logically, people will buy altcoins rather than btc because they would be way cheaper and allow to diversify. And most of them are somehow better than btc. For example, i wanted to transfer money fast, i have seen btc took way longer and costs way more than litecoin, eos is really fast, ripple too… Sorry, but dont be stupid and buy altcoins now ! Another example, ltc quadrappeld in price whereas btc was struggling to appreciate around 5k usd, you see? There will be back and for between altcoins and btc, but altcoins will be around for another decade as long as demand supply relation is not maturated.

  9. 'High price buy and low price buy' are just relative to timeframes… Let's revisit fourth quarter of 2016, at that point Bitcoin was moving between 600$ to 1000$ and anybody who would have bought at 1000$ and had nerves to hold it for a year would have seen 20x gains and if by today 13x gain. So people this advice seems only relevant for short term traders. If you are a millenial then just hold your BTC, you can book partial profits and if your financial condition allows 'buy the dip'. Cut on useless expenses. You will be much happier looking at your BTC returns 3-4 years later.

  10. 1% off lets say 3000 cryptos..that is like 300 would survive…top 300..that sounds realistic when you look through top 300 coins., top 400, top 500 and so on. Quality of the project drop with the rating.

LEAVE A REPLY

Please enter your comment!
Please enter your name here