{"id":28218,"date":"2020-09-04T17:12:13","date_gmt":"2020-09-04T14:12:13","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=28218"},"modified":"2025-08-27T10:22:23","modified_gmt":"2025-08-27T07:22:23","slug":"peter-brandt-sold-bitcoin-before-the-slump-and-moved-into-dollars","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/peter-brandt-sold-bitcoin-before-the-slump-and-moved-into-dollars\/","title":{"rendered":"Peter Brandt sold Bitcoin before the slump and moved into dollars"},"content":{"rendered":"<p>Renowned trader and technical analyst Peter Brandt exited all positions in the stock and forex markets, and also sold Bitcoin ahead of the downturn. He disclosed this to one of his followers, who was surprised by the synchronized decline across assets.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Clarify, not sure I understand. Personally I exited almost all my portfolio in last two days (stocks, forex, BTC), so in process moved assets back into home currency USD<\/p>\n<p>\u2014 Peter Brandt (@PeterLBrandt) <a href=\"https:\/\/twitter.com\/PeterLBrandt\/status\/1301562940617785346?ref_src=twsrc%5Etfw\">September 3, 2020<\/a><\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">1 bad day in 6 months and everybody panicking. Grow a dick. <a href=\"https:\/\/twitter.com\/hashtag\/DDTG?src=hash&#038;ref_src=twsrc%5Etfw\">#DDTG<\/a><\/p>\n<p>\u2014 Dave Portnoy (@stoolpresidente) <a href=\"https:\/\/twitter.com\/stoolpresidente\/status\/1301622370650685440?ref_src=twsrc%5Etfw\">September 3, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>CNBC surveyed experts who saw in the sharp decline a rotation away from richly priced tech shares ahead of August\u2019s employment report. The sell-off may also reflect concerns about historically weak momentum in the stock market going into September.<\/p>\n<p>Gold, amid a risk-off mood, failed to show its defensive properties. An ounce of the precious metal fell 0.6% to $1930 by Thursday\u2019s close. Bitcoin joined the broad mood. On Thursday, BTC <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-falls-below-11000-amid-outflows-from-mining-pools\">broke through<\/a> the $11 000 support, and on Friday morning <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-extends-decline-toward-10000-ethereum-fails-to-hold-400\">dipped<\/a> below the psychological level of $10 000.<\/p>\n<p>In April, Peter Brandt advised allocating part of his money to Bitcoin as a simple plan to improve financial well-being. At that time, Bitcoin was valued at about $9,300.<\/p>\n<p>Subscribe to ForkLog\u2019s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Renowned trader and technical analyst Peter Brandt exited all positions in stocks and currencies, and also sold Bitcoin ahead of the downturn. He told this to one of his followers, who was surprised by the synchronized decline across assets.<\/p>\n","protected":false},"author":1,"featured_media":28219,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1156,1420],"class_list":["post-28218","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-institutional-investors-and-whales","tag-peter-brandt"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=28218"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28218\/revisions"}],"predecessor-version":[{"id":28220,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28218\/revisions\/28220"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/28219"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=28218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=28218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=28218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}