He Yi is a guest at Biyou: Instead of pursuing model coins, it is better to learn quantitative trading

On March 19, Binance He Yi accepted an interview with BitUniverse Biyou V, and gave a comprehensive explanation on the value of BNB, Binance public chain, contract business, and exchange security. When talking about how users make money, He Yi believes that instead of constantly pursuing model coins, it is better to spend time learning quantitative tools such as "grid trading" to obtain rich returns. Everyone's income is the realization of cognition.

At the same time, she believes that brokerage platforms like Biyou will be an important presence in the currency circle in the future. It is reported that Binance will become the first exchange that Biyou supports "contract grid" in April.

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Personal full position in BNB is optimistic about the Binance team

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Figure 1: What are the historical highs of BTC and BNB in ​​the past one year: Personal full-position BNB, its resilience index is better than most mainstream currencies, even Bitcoin.

First of all, if you look at it from an investment point of view, I myself have a full position in BNB. My judgment logic is very simple. I know the Binance team very well, and I also know very well how the team treats Binance’s career.

BNB has also fallen below the issue price since its issuance, but in fact, it has returned more than 170 times to users today. If you look at the decline, BNB did reach a maximum of $39 last year, but if you compare it with Bitcoin, you can see that BNB’s resilience index is better than Bitcoin, as well as most mainstream currencies in the market.

The price of the currency has a certain degree of backwardness. Usually, its price performance is the change that occurs after the team makes the results and is perceived by users in the secondary market, and then everyone follows the trend and buys. More often than not, price and value are not completely linked.

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BNB has the largest position address in the platform currency in the world

Sister V: You have mentioned on many occasions that BNB will be larger than the Binance platform. What new actions will Binance Chain have next? He Yi: Among the platform coins, the holding address of BNB ranks first in the world. BNB has already been used in many countries and regions. Everyone first learned about BNB, which is actually based on the Binance platform. How many users use and hold BNB? Undoubtedly, from the perspective of user scale alone, Binance should be the well-deserved number one in the world. From the concept of platform currency, BNB is also the token with the largest number of holding addresses among all platform currencies. With the development of Binance, we have gradually turned Binance platform coins and functional tokens into public chains that have already been launched. In the past, we have also seen a large number of projects issued on the Binance public chain, and they have also launched Dex. At present, the scale of Dex users is second to none among the global decentralized trading platforms. At the same time, we have also expanded the usage scenarios of BNB. Many merchants in many countries and regions around the world are using BNB for payment. For example, in Singapore, users can use BNB to pay for hotels, bars, taxi fares, shopping malls, etc. In Africa, where the financial system is not particularly sound, some merchants also use BNB as their daily payment tool. In addition, in 2020, we opened up all trading systems and built the Binance Open Platform, opening up our past technology, trading, and operational reserves to more friends who are interested in trading. We now have three projects:

Binance Cloud: For example, when opening a new trading platform, the biggest pain points may be: uncertain technology, uncertain security, and lack of liquidity. Binance Cloud mainly provides the above three types of services.

Brokerage system: There is another kind that already has business and users. For example, if you have very high-quality users like Biyou, you can join the Binance brokerage system. In the traditional financial field, most trading platforms and users are actually connected through brokerages.

Captain Binance: We are implementing Captain Binance now because we believe that in the future it will actually be a world of communities, where everyone can be a node. If you try hard enough, you can also form connections of 5,000 to 10,000 people.

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Instead of pursuing model currency, it is better to learn quantitative trading

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Figure 3: 2019 Grid Trading Annual Report

Grid trading allows ordinary investors to quantify transactions, and at the same time improves the liquidity of assets, so how does Binance view investment methods such as grid trading? How do you view partners and brokerage platforms like Biyou? He Yi: Instead of pursuing model coins, it is better to learn about industries and quantitative transactions. Everyone's income is ultimately the realization of his cognition. Products like grid trading are very, very good. Friends who are good at research will find that tracking other people's transactions can get a good return on investment.

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Contract rules are different, only experience can know the truth

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opportunity favors those of faith

Sister V: Last week, we just experienced a "black week". On March 12, BTC plummeted, with a drop of 30% within an hour, the largest single-day drop since the birth of Bitcoin. The last time a similar plunge dates back to December 2013, six years ago. Can you analyze the reasons for the sharp drop based on the situation you know? He Yi: Opportunities favor those who have faith, as well as those who can persevere. Someone joked that "Bitcoin is halved, assets are halved". No one expected that this thing really happened. Essentially, the collapse in coin prices was due to panic selling triggered by a recession. During an economic crisis or downturn, cash is more likely to be king. Yesterday was the 4th circuit breaker for U.S. stocks, and the price of Bitcoin did not fall as wildly as before. It has actually reached a bottoming period, and the price of Bitcoin is now much lower than the cost of mining to obtain Bitcoin. From this dimension, if the cash and banknotes in hand have lost the function of asset preservation, then everyone will look for new value-preservation substitutes. The ancients said that antiques in prosperous times and gold in troubled times. Everyone has always called Bitcoin digital gold in the past, and when panic selling occurs, it will be more or less affected. In my personal judgment, the global economic situation may not reverse quickly in the short term. At this time, everyone hopes to find an alternative that allows their assets to be relatively preserved. In my opinion, Bitcoin is still a very good investment.

As I said before, in 2013, before Bitcoin's first plunge, CZ sold his house and took full position in Bitcoin. It was ridiculed by many people afterwards, but we saw Bitcoin rise to $20,000. Opportunity favors those who have faith, as well as those who can persevere.