Bitcoin Classic has started to attract the attention of investment institutions

October 29 18:04 2021

A large number of new institutional investors are conducting their own due diligence on the long-term feasibility of investing in the crypto asset market; because these institutional investors see the huge potential of the crypto market, but are looking for truly high-quality crypto in the huge variety of cryptocurrency markets Currency is not an easy task.

Many well-known institutions have begun to enter the cryptocurrency market. For example, large banks such as Morgan Stanley and Goldman Sachs have begun to provide customers with a wide range of crypto asset investment services, but most of these institutions only focus on cryptocurrencies with large market capitalizations such as BTC and ETH. currency.

“What institutions are concerned about is not because of the superior innovation capabilities of BTC and ETH, but because their market value can accommodate these institutions,” said a senior fund manager. “This is the case with the famous cryptocurrency investment fund Gray. It can be found that they have recently added SOL, AAVE and other cryptocurrencies. These cryptocurrencies have actually been born for a long time. Why has Gray only included them in the investment scope recently?”

Maybe the market value will affect the judgment of the institution to a large extent

After understanding the institutions’ pre-investment considerations, will ordinary investors have a chance to keep up with the pace of the institutions? While the institutions are eating meat, let’s drink some soup? This may require us to pay attention to the dynamics of some institutions in real time. Everyone should know that institutions are also divided into different sizes. Institutions of different sizes have very different investment trends and risk acceptance. Using this rule, we can use this rule to allow small-scale institutions to enter a cryptocurrency market. We choose to follow.

It may be difficult to understand the conclusion directly, so I will use my own successful follow-up case to show you how to use the rules mentioned above to choose cryptocurrency. The cryptocurrency I chose is called Bitcoin Classic, which is a fork of Bitcoin. The process of my encounter with Bitcoin Classic was very coincidental. At that time, a former colleague at Goldman Sachs suddenly chatted with me about this matter. He said that he had started his own foundation since he left Goldman Sachs. Recently, he saw many opportunities in the cryptocurrency market, so he wanted to look for opportunities in it. He happened to find the Bitcoin Classic project, so he asked me if I knew what it was.

At that time, Bitcoin Classic hadn’t launched any exchanges, so of course I didn’t understand it. Later, he asked me to learn more about Bitcoin Classic. He said that he and several organizations around him are investigating this project.

After listening to the advice of my former colleague, I carefully researched the information about Bitcoin Classic and found that this project is indeed quite suitable for institutional investment. Because Bitcoin Classic has strong stability, it is different from other centralized projects. It has protocol stability, which is a very critical factor. The stability of Bitcoin Classic is mainly reflected in the following aspects:

1) Unless there are sufficient reasons, do not make changes to the consensus agreement;

2) The existing consensus protocol rules should be retained as much as possible, unless there are sufficient reasons to delete;

3) To add any new rules, a hard fork must be used;

4) Reject all soft forks to ensure that all full nodes fully verify all consensus rules.

These are very important for cryptocurrencies, and they are also important factors that institutions need to consider in addition to market capitalization.

At that time, Bitcoin Classic had not been listed on any exchange, so my preliminary investigation ended hastily. Because I think Bitcoin Classic will definitely be listed on an exchange in the near future, and investment opportunities will inevitably arise after going online; so I Use simple crawler technology to collect API from major exchanges around the world to observe the launch time of Bitcoin Classic.

Sure enough, on October 18 this year, Bitcoin Classic launched ZB. After seeing the news, I made a simple buying robot. The principle is that after the market is open for trading, I will use a price lower than the opening price. Continue to acquire Bitcoin Classic’s token BGH at ten times the price. The opening price at that time was 0.1USDT, so I bought a lot of BGH in the range of 0.1~1USDT.

Since there are very few proficiency in the market, I only collected less than 50,000 BGH. After I bought it, I contacted the former colleague of Goldman Sachs. He said that they also saw the news and are slowly buying. , The strategy he set for their foundation is to continue to buy at a price lower than 10USDT.

This is the strategy formulated by detecting small institutions after entering the market. Many friends will have doubts. If there are no friends in small institutions, what should I do? In fact, general institutions will issue a notice when conducting research on a product. Just pay attention to this at all times. That’s it.

I hope that everyone can make a lot of money in the cryptocurrency market by using the method of observing institutions to enter the market!

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