Grayscale only buys, buys, buys, and pins its hopes on Grayscale, like handing over the victory to the opponent?

WeChat public account: Professor Shuo's super evolution

Seeing this newsletter yesterday, Professor Suo couldn't help but smile from ear to ear. It seems that the boss of Huidu has already used everything to earn management fees? ? ?

Of course, the most interesting thing is not this matter, but a group of melons shouting: Grayscale has increased its position again, Grayscale has increased its holdings again, Grayscale has bought it, and if you don’t buy it, you really plan to be grayed out Are you done buying? ? ?

Professor Suo wrote an article last year, saying what Grayscale earns, and what it earns is management fees, not other things. People sign a contract to come in, some directly give Bitcoin, and some give money to Grayscale to buy bitcoin. Coins are always for you to buy, instead of saying to Grayscale: You look at buying, it is best to sell high and buy low. (Buy it, buy it|How does the mythical Grayscale Investment Fund only buy but not sell?）

You said it seems that Grayscale is making bands, but does Grayscale care about these?

not give a damn about.

What does Grayscale care about?

Grayscale cares about the amount of open interest held by customers, because only when people come to buy, Grayscale can earn more.

So in fact, Grayscale is similar to exchanges, but charges higher fees than exchanges, but the fee is charged annually, 2.5-3.5% at a time.

Anyway, the story is told by everyone, and Huidu has never said a word. Anyway, Huidu calls everyone every time, buy it. Come to Grayscale to buy, and Grayscale will make money.

So, if you see Grayscale buying, buying, buying, don’t understand that Grayscale is buying, but Grayscale’s customers are buying. If you don’t even have this logical ability, get out of the currency circle as soon as possible. Maybe the traditional financial circle will also Not suitable for you, after all, leave the circle early and lose less money, really.

And a funny one.

Grayscale founder and former CEO Barry Silbert tweeted "Hey Blackrock" and attached a moving picture, suspected of sending an investment invitation to BlackRock.

In the early hours of this morning, it was reported that one of the world's largest asset management companies, BlackRock (BlackRock), submitted documents to the US SEC showing that it may purchase bitcoin futures through some of its funds.

When people come to buy bitcoin futures, they don’t buy spot. Guess what they buy is shorting. Can they only go long and not short? ? ?

When we think about problems, we can't just think about what we want, instead of thinking about the worst plan, which is not logical.

There is also a huge change in the premium rate of Grayscale’s GBTC and BTC, and I reminded you yesterday.

Don't be superstitious about any one person, no one is a god, no one organization has always been successful, not to mention that people don't care about increasing their holdings to make money, they only care about management fees! ! !

What you only need to pay attention to is that every time Grayscale withdraws the management fee (reduction of holdings), because Grayscale can only withdraw its own management fee, and other coins cannot be moved. When they withdraw the management fee, it is The "high point" they think is coming. Of course, they may be service fees, team fees, and other expenses that need to be mentioned, but Who Care? ? ?

Let's take a look at the US stocks.

I heard that U.S. stocks are all professional institutional investors, and there are very few retail investors, because retail investors are easy to be harvested, so in the future, our currency circle = U.S. stocks, and then retail investors will be harvested collectively, and then institutions will collectively win such a script, but we all buy it How to harvest the income, so the organization smashed the market and shorted the harvest, the logic is smooth, Gou Zhuang.

Finally, here is another set of grayscale data. Everyone, please support the dog's head, otherwise it will be easy to drop.

The daily trading volume of GBTC in the OTC Market is 905 million US dollars, while the daily trading volume of ETHE is only 91 million US dollars. Investors need to be cautious about new trust products that lack the high premium in the OTC Market secondary market, because this does not mean that institutions are optimistic.

So, buying by Grayscale ≠ being bullish by institutions ≠ paying by Grayscale itself = leeks entering the market, that's all, that's all, no matter how much you say about some things, people can't understand them.

Currency market analysis

How can I say this about Bitcoin?

The current rebound can only be felt as a wave of oversold rebound. Try not to chase after the rebound. After all, some people’s gray dads are coming to sweep the goods again at night. When they meet, they say “Shit B” to each other. the kind?

BTC: If you have friends who watch the line, you can look at the 4H line, and you will find that a lifeline has passed, such a beautiful lower shadow line, it is absolutely amazing, and the market has also started to rebound with this line. It is understandable to look at the rebound. After all, it can be found from the volume that the bottom-hunting funds are very strong.

If you can look at OBV, you will find that the time of the fastest decline is from 4:00 to 8:00 in the morning, and the time when funds enter in a large scale is from 8:00 to 12:00, that is, when it plummets. Is this wave of funds short-term speculative funds, or The bottom-hunting funds that are optimistic about the long-term, the capital line will tell us the correct answer tomorrow, at least for now it is stable.

As for the weekly line, Bitcoin has had a negative line for two consecutive weeks. This has never happened in recent months, so please pay attention to the risks.

Eth: There is nothing to say about Eth. On Tuesday, I almost cut my empty orders. If you want to go to the textbook level, Eth broke 916 this week, which is the most beautiful K-line textbook.

Anyway, I want to open this hedging, after all, I am going to mine. Under the arrangement of Professor Wei, I sold Eth for 1400 and used the same money to mine Ethereum.

Altcoin

Altcoin

Algorithmic stablecoin: You must know the logic behind the algorithmic stablecoin. The logic behind it is a capital market. At least for now, because there is no consensus at all, it is impossible to say that one who just came out said that we must have faith and consensus , Hold on, and then the big family sneaked away a group of leeks to brainwash themselves, right?

But the algorithmic stablecoin is quite fun, whether it is mining or other, the mining income is very high, the people in the Bags group recommended mining for 12 days today, and withdrew in the morning, which is equivalent to mining for 10 days, because today’s drop It means that I didn’t dig yesterday, the income is not bad, the funds are transferred to the free prostitution pool, and the profit of the free prostitution pool is not bad.

If the Bag drops to about 0.85, I might get in the car and make a band. There are still quite a lot of leeks. I gave two chances today.

Bags saw that he was doing AMA in the afternoon. Basically, Huobi made it himself, gave himself a platform, and then pulled data by himself. High, you have to know that Bags are worthless, as long as the Bag is less than 1.05U, but most of the leeks on Huobi don’t even know where the Bag is sold and why.

Everyone must know what they are playing. Simply put, it is a game. Don’t really be the last person who beats the drum and passes the flowers.