The status quo of the currency circle exposed by a trader selection: 42.4% of investors’ assets are less than 0.5BTC, and “old leeks” for more than 3 years account for less than 14%
Author: Pento Speculation Road
On March 26, I released the recruitment announcement of external traders for the second phase of asset management. At that time, the global financial market was in a bloody storm. The 50% drop in one day of the 3.12 incident caused many people to lose their coins and positions, and their belief in the spirit of decentralization was on the verge of collapse. Even though the currency circle seemed to be returning to zero at that time, the group of friends were still full of interest, and many people signed up for the selection of traders with a dream of a professional trader.
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1. Who are the people who come to the currency circle?
Middle-aged and elderly people cannot bear the 7x24 hours in the currency circle, so the general consensus is that the currency circle is the world of young people. What kind of work do young people who come to the currency circle to make money do for a living?
According to the occupational background information submitted by applicants, the number of unemployed people—freelancers is the largest, accounting for 32%, followed by the Internet at 19.5% and the financial industry at 16.5%. Applicants from state-owned enterprises and public institutions with good economic strength add up to less than 10%. Students only accounted for 8.5%, indicating that students really have no money, and because they do not have continuous cash flow, it is difficult to survive in the currency circle for a long time.
The statistical data of the trading background can roughly support the professional situation. Only 7.3% of the applicants are professional traders (244 people), and more than 50% of them only use the currency circle as an amateur investment channel-try their luck to subsidize their families, maybe Got rich.
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2. Is the currency circle really rich?
It is said that the currency circle can last ten years in one day. Futures contract derivatives trading gives the outside world the impression that it is highly speculative, with a lot of money and quick money.
I almost believed it.
Judging from the asset distribution of the applicants, 42.4% of the applicants have assets below 0.5BTC (25,000 RMB), and 46.3% have assets between 0.5BTC and 5BTC. That is to say, nearly 90% of the applicants have less than 5 BTC (250,000 yuan) in the currency circle, and only 11% of the applicants have more than 5 BTC assets. In the 17-year bull market, the per capita worth of one million yuan is no longer the glory of the past.
Retail investors are mainstream everywhere. In addition to the relatively thin family background, most of the applicants have not entered the market deeply, and the accumulation of experience and wealth is still shallow. 52.5% of the applicants have only 1 to 3 years of trading experience, and less than 14% of the "old leeks" with more than 3 years %.
The replacement speed of the currency circle is very fast. If you have more than 3 years of trading experience according to your seniority, you can get the "senior" honorific.
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3. Are these the real three major exchanges?
Three exchanges, OK, BitCoke and Huobi, were the top choices of 3,328 applicants. 33.5% of people choose OKEx, 23.6% of people choose BitCoke, and 20.2% of people use Huobi for transactions (many people have accounts in multiple exchanges, so the total number of feedbacks exceeds 5,000). These three exchanges account for the vast majority of the market share of applicant accounts (78% combined).
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Four, the world's transactions, only fast unbreakable
In order to understand the risk appetite of traders applying for asset management, I investigated the actual leverage in the registration form.
Usually, many people yell "Stud" and clamor for "getting rich". In reality, most contract traders are still timid, fearing market fluctuations, and less than 20% of them choose a leverage of more than 10 times.
What is more interesting is that the leverage levels used by traders are relatively balanced. The number of applicants with positions of 1-3 times, 3-5 times, and 5-10 times the actual leverage is almost the same. This means that after being tortured by the market for a period of time, most people may Have a relatively stable positioning on your own risk appetite.
As for the trading style, intraday trading and swing trading occupy the absolute mainstream, and the applicants who choose these two trading styles account for more than 80%. Fundamental long-term investment, event-driven, quantitative and other strategic transactions cannot become mainstream order-making methods.
postscript
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The market is the result of everyone's joint construction. Most people choose to use short-term trading, which leads to a strong market game. The currency circle has formed a completely different trend pattern from the stock and traditional futures markets. Trends and traders shape each other.
