Analyst warns of 2018 collapse: Downward market will not end soon

Peter Brandt, a well-known analyst who had previously predicted the fall of the digital currency market in 2018, said that the profession of those who expect the price to experience another sharp jump again soon is baseless. Instead of engaging in such talk, Bitcoin investors should try to stay on track, he says.

To Report Veteran financial market analyst Peter Bhuddell said investors should not expect the price to rise sharply and quickly, and believes the current downtrend will continue for some time to come.

Brent told his 622,800 followers on Twitter that, contrary to other analysts, the bitcoin price correction could be prolonged.

He wrote on Twitter:

As you can see in the image below, the gap between the bitcoin peaks is large. Analysts who keep saying that the price of Bitcoin is about to skyrocket are hurting investors in the digital currency. Instead of making a fuss, they should ask investors to be consistent in this direction.

Michael Saylor, chief executive of Microstrategy Investment Corporation, agrees with Brent and thinks investing in bitcoin is like a long race.

He wrote in the comments section of Brent tweet:

Bitcoin is like two marathons; Not two speeds.

“Brent Bitcoin long-term holders are ahead of him in terms of return on investment,” Brent said.

The buy-and-hold strategy works better than my strategy; But if the bitcoin bubble is literally broken, there is no need to make this comparison. I want to say that these are baseless professions [درباره جهش شدید و قریب‌الوقوع قیمت] Patience destroys people and does not allow them to hold bitcoins for a long time. Instead of making a fuss, we should warn people not to expect overnight profits.