Peter Brandt To Crypto Investors “Protecting Capital Is More Important, What Good is the Moon When No Money”

Peter Brandt: The Current Generation Of Traders Should Care More About Protecting Capital Than Being Maximalists.

Crypto trader Peter Brandt thinks the current generation of traders is all about money, they don’t have plans for trading or saving their capital. They just buy anything to reach the moon and lose their hard-earned money as a result. So these new generations of traders are more like gamblers who don’t know the basics of markets, and how to protect their capital.

The current crypto market crash has had many people talking about the future of the industry as represented by the current crop of traders and investors.

For years, a lot of crypto enthusiasts emphasized the importance of holding onto one’s stash even in the face of adverse market conditions. These tough holders were called maximalists, with the BTC base being the most popular. According to them, it was all about technology and the future as opposed to just money.

Now, this mindset seems to be changing with the current generation of traders. That’s according to one popular trader, Peter Brandt.

In a tweet, Peter explains that for every generation of traders, there’s always a eureka moment when they realize what really matters most to them. In that sense, the current traders do not seem to care more about preserving their capital.

“For every generation of traders, there is a huge “aha” moment. For this generation, the awakening is that protecting capital is more important than being a maximalist. This will become even more true in months ahead #8hitcoins $NFTs $BTC $ETH. What good is the moon when no money?”

For every generation of traders there is a huge "aha" moment. For this generation the awakening is that protecting capital is more important than being a maximalist. This will become even more true in months ahead #8hitcoins $NFTs $BTC $ETH
What good is the moon when no money? pic.twitter.com/d8GIuJo0eB

— Peter Brandt (@PeterLBrandt) June 15, 2022

Investors Have Been Converting Cryptos Into Stablecoins

True to this fact, stablecoins have been a major focus of late as investors sought to convert their crypto holdings into a more stable form. USDC and BUSD seem to be attracting more attention due to their proven records of stability. People want this kind of stability.

As the market prices go down, it’s yet to be seen whether these traders and investors will want to capitalize on the new opportunity and buy the dip. In that case, they would have protected their capital from degradation due to price reduction and stood a chance to buy more stash at lower prices. Peter Brandt wants them to protect their capital.

It’s Now All About The Money

While buying cryptos and keeping a stash has been touted as the way to go, the current generation does not properly understand the inherently volatile nature of the crypto market. For this reason, they only see the market as an opportunity to make profits. A lot of cryptos are hyped as going to the “moon” in terms of price, so investors buy them expecting to gain profits when the prices spike. so in order to make quick money, they lose their wealth that is why peter is 100% right in saying “What good is the moon when no money? “.