Legendary Trader Peter Brandt Makes “Full Disclosure” on ETH

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As a seasoned analyst with decades of experience in commodity trading and observing the digital currency market since its inception, I find Peter Brandt’s recent disclosures intriguing. Although his criticism towards Ethereum may appear harsh to some, it is important to understand that his opinions are often rooted in a deep understanding of market dynamics, gained through years of experience.

Experienced commodities trader Peter Brandt, active in the trade sector since the 1970s, gains recognition for his advocacy of Bitcoin and Solana.

As an analyst, I’ve been vocal about my criticisms towards ETH and XRP in the past. Recently, I felt it necessary to provide a comprehensive explanation of my current viewpoint regarding Ethereum on my account, previously known as Twitter, under the banner of X platform. To set the record straight, my stance on Ethereum isn’t as negatively biased as it may have appeared in the past.

Peter Brandt has expressed a desire to find more places to share his trading content, as his unfavorable viewpoint towards X continues to intensify.

“Full disclosure” on ETH

In his recent post, Peter Brandt openly shared with Ethereum owners and enthusiasts that his criticism of Ethereum might be less intense than it appears in his previous posts. Despite often criticizing Ethereum as the second largest digital currency, Brandt’s feelings towards Ethereum may not be as adversarial as they seem.

Yet, the trader noted that those referred to as “ETH enthusiasts” have been particularly harsh critics on the X platform. Consequently, whenever he can, he takes the opportunity to retaliate against them.

From my personal perspective, I must admit that I haven’t always been kind to Ether (ETH) enthusiasts online, but I feel compelled to share my honest thoughts. You see, my encounters with some of these ETH devotees have been less than pleasant – they’ve often gone out of their way to criticize and troll me relentlessly. In response, I’ve found myself engaging in what I call “trolling back” whenever the opportunity arises. As a seasoned investor with years of experience navigating the cryptocurrency market, I’ve learned that life is too short for unnecessary negativity. So, to those who own or cherish ETH, I hope you can understand my perspective and perhaps we can all learn to coexist peacefully in this vast digital world.— Peter Brandt (@PeterLBrandt) August 8, 2024

As a seasoned crypto investor with over a decade of experience under my belt, I have seen my fair share of digital currencies rise and fall, but none have caught my attention quite like Solana (SOL) in recent times. Earlier this week, I took to Twitter to express my conviction that SOL has emerged as the “clear winner” against Ethereum (ETH), a sentiment that I hold based on my extensive knowledge of the crypto market and personal observations.

Brandt seeks new platforms for publishing content

Additionally, the trader posted another update, this time directed at his entire following on X. Peter Brandt expressed that as he gets older, he increasingly appreciates the value of his time. He mentioned that he hasn’t been connecting much with genuine traders on X, a sentiment that seems to stem from some disappointment with Elon Musk’s social media platform.

According to Brandt, there was a significant decrease in interactions on his tweets during November and December 2022 (formerly known as Twitter), and he has concrete evidence supporting this claim. The financial analyst expressed that neither X’s team nor its algorithms have shown any willingness to acknowledge this trend or investigate the underlying mechanisms responsible for the observed reduction in engagement.

To my valued followers on Twitter,

— Peter Brandt (@PeterLBrandt) August 9, 2024

Consequently, Brandt intends to carry on circulating traders’ content among private community members through a secure platform. He is examining various possibilities such as YouTube (for video content), public blogs, Discord, Substack, LinkedIn, and others, given that he can effectively manage or eliminate troublesome users from these platforms.

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2024-08-09 12:49