Bitcoin and Altcoin Recommendations from 2 Crypto Legends!

Peter Brandt and Mike Novogratz gave new advice on Bitcoin. Analysts underline that emotions can weaken a person.
 Bitcoin and Altcoin Recommendations from 2 Crypto Legends!
READING NOW Bitcoin and Altcoin Recommendations from 2 Crypto Legends!

Legendary crypto forecasters Peter Brandt and Mike Novogratz gave new advice on Bitcoin and Ethereum. Novogratz definitely includes both in a $100,000 investment basket. Brandt, on the other hand, underlines how emotions can weaken a person at every opportunity.

Mike Novogratz’s $100,000 investment basket: Bitcoin, ETH and more

Galaxy Digital founder and billionaire investor Mike Novogratz announced the assets he would prefer for an investment of 100 thousand dollars. The portfolio he recommends for young investors with a high risk tolerance includes: Bitcoin, Ethereum, Alibaba stock, gold and silver.

Bitcoin and Ethereum stand out as the cornerstones of Novogratz’s portfolio. However, Alibaba stocks, gold and silver can also be included in the portfolio for those who want to spread the risk even further. Novogratz emphasized that especially young investors, people who do not hesitate to take risks and who can think long-term should evaluate such investments.

Looking at the performance of investments made since the beginning of this year, Bitcoin has the highest percentage of returns. Bitcoin has yielded 75% and Ethereum 52%. Gold and silver also gained lower but still positive returns, 7.7 percent and 3.5 percent, respectively. Alibaba stock also has a 12% return rate.

Invaluable advice to investors from Peter Brandt

Senior technical analyst Peter Brandt shared his invaluable advice to the trading world. Brandt, who has extensive experience including Bitcoin and the crypto market, values ​​emotions above all else. As Cryptokoin.com reported, he recently said that big news is not always a bullish signal.

Brandt states that the contribution of outstanding technical analysis, indicators and macroeconomic fundamentals to business profitability is actually very limited. Instead, he emphasizes that investors should focus on the process of getting to know themselves. Pointing out that emotions can weaken logic, Brandt says that self-knowledge is the basis of successful market speculation.

Brandt’s golden advice is that emotional control and insight play an important role in trading success. Experienced traders can make their trading strategies more effective by learning to manage emotional reactions and make objective decisions. Trading with emotion has often been described by a variety of skilled traders as a barrier to successful trading. This is because emotional trading has several dangers and can result in loss of funds. Bitcoin investors also need to be careful at this point.

This is demonstrated by the Fear and Greed Index. The index analyzes cryptocurrency market sentiment on a scale of 0 to 100. Accordingly, 0 denotes “extreme fear” and 100 “extreme greed”. Currently, the indicator stands at 53, reflecting the neutral feeling.

What about Bitcoin, which is on the radar of both experts?

Bitcoin dropped below $29,000 yesterday after several days of sideways movement. Later, it retraced to the $29,500 region in the last 24 hours. According to data from CoinGlass, the total value of liquidations in the last 24 hours after the sudden drop rose to $93.84 million. Long positions predictably make up a larger piece, roughly $82.14 million of the total.

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