Veteran trader Peter Brandt has a message for new people in the market. You just need to buy Bitcoin without trading. In a recent post about X, Brandt, who has been trading for over 40 years, said it's better for beginners to avoid daily noise. Instead, he proposes putting money into a wide range of market ETFs such as Spy and QQQ, adding Bitcoin to the mix.
This is a clear recommendation, especially from people known for deep technical analysis and pattern recognition. However, according to Brandt, most people are not built for the trade and instead lose money trying to overturn the market that outdoes them.
His advice? Keep it simple: Build a long-term position and leave the professionals to the fast movements.
Please do not trade. Put your money in $spy, $qqq, $btc
-Peter Brandt (@peterlbrandt) June 17, 2025
However, there is one interesting nuance to his opinion.
75% crashes to $30,000 BTC and Bitcoin
Just a week before this latest post, Brandt shared a technology chart suggesting that Bitcoin prices could be attempting to lower the majority. His point was that there is a lateral integration pattern close to Bitcoin's recent high (approximately $104,000) that appears to be very similar to what was seen in late 2021 just before the market crashed.
If the pattern was repeated, Brandt warned that BTC could potentially drop by 75%.
He raised several concerns and pointed to rising basics and production costs for miners. Blunt wasn't sure. He likened Bitcoin to goods like gold and wheat, saying that production costs do not set market prices – not supply and demand.
The chart looks bearish, but the core message in Brandt has not been changed. He hasn't told to avoid Bitcoin just to stop trying to trade it. For him, the real risk is not to hold Bitcoin for long periods of time, but to overestimate its ability to spend the right time.
In a world where hype, leverage and fast money are the names of the game, Brandt's advice is a breath of fresh air. Do not play unless you understand the rules.
