An Sihoo trader running YouTube’s’Maeoknam’ channel (Photo = Reporter Kim San-ha)
“The same applies to all investments, but I want you to buy cheap and sell expensive. That’s the way to make money on investment. It’s cheap when most people blame and disbelieve. Think of the old Tesla or Bitcoin.”
Ansihu Trader, a trader specializing in virtual assets (cryptocurrency)(Photo)Met with Hankyung.com on the 16th and gave such advice on virtual asset investment. “On the contrary, when many people are convinced, praised, and believe, the price is expensive. When people are in doubt, I want you to buy it cheaply and sell it at a high price when you have confidence.”
Trader Ahn recorded a yield of 11,81% over 10 days at the bitcoin trading competition held by the global virtual asset exchange Bybit last year, and was the number one in the yield among 8084 traders due to the overwhelming gap.
He is also a popular YouTuber who works on YouTube under the name of’Maeoknam (a man who earns a billion every month). We asked Trader Ahn why he started trading specialized in virtual assets and the secret of profit.
-How did you start investing in bitcoin and virtual assets?
“I was interested in bitcoin in 2017 when it exceeded 20 million won. At that time, I was curious about the fundamental value of bitcoin rather than interest in price. After that, I studied quantitative easing and centralized bitcoin continued afterwards. I thought it could be an alternative to the ruling monetary policy.”
-When did you start investing in earnest?
“The bear market came in 2018, and I thought that this was an opportunity, so I started investing in earnest.”
-You ranked first in the world ranking in the Bybit competition. How long have you made a profit?
“The period of participation in the competition was as short as 10 days. The minimum participation condition was 0.01 bitcoins, and at the time it was about 250,000 won. So, starting with the participation amount, I made a total of 1.31 bitcoins with a yield of around 12,81% over 10 days. The contest is over.”
An Sihoo trader who won the 2020 Vibit Trading Competition (Photo = Captured the screen of the Vibit website)
-In terms of the number of Bitcoins, it is 123 times profit, but when converted into profits compared to the deposit amount, it is about 150 times.
“Yes, and after the competition, I traded twice more to make 2.5 bitcoins. I added 2 bitcoins received as prize money to withdraw a total of 4.5 bitcoins last year. At the time of withdrawal, a total of 144 million bitcoins were withdrawn. It was about 10,000 won. It was a decent income for a 250,000 won deposit.”
-What strategy did you mainly use to invest?
“I didn’t use a special strategy because it was a competition, but I traded as usual. As the last day approached, I got into a close battle with the Russian participant who was in second place, so don’t overdo it and keep the current gap. did.”
-What is your usual trading?
“It’s trading based on the elite wave theory. Making an investment and trading is a completely different story. I’m not an investor, but an arbitrage trader. That doesn’t mean I don’t invest. The main source of income is using market capitalization. It is trading, and some of them are constantly buying bitcoins and altcoins as an investment concept rather than trading again.”
-How to invest with the elite wave theory.
“The elite wave theory itself is a very old, analytical theory of markets. The original intent was to predict market flow over a very long period of time from a macroscopic point of view. I use this theory in my own way for short and medium term trading. “We are making profits by predicting volatility from one to three months in the long and one to three days in the shortest, based on the Elliott wave theory.”
-Please tell me in more detail.
“Mainly in Elliot’s wave theory, we find and trade the parts that are interpreted as inflection points. In the short term, we sell short at the inflection point where the market turns from an uptrend to a downtrend, or buy at an inflection point that changes from a downtrend to an uptrend. By finding the inflection point, we are trading in a way that maximizes profits by pulling short stop losses and long profit margins.”
-Are there any other competitions or profit rate records other than Bybit?
“It’s embarrassing that the rankings are not good except for the by-bit competition. After starting the YouTube Maeomnam channel last summer, it ranked 20th in the world at Binance and 4th in the world at Pemex competitions. If there is a big competition in the future, I will often participate.”
-I heard that you have already made a lot of profits, but what is the reason for consistently participating in trading competitions?
“Because I’m an investment YouTuber, I have a desire to prove my ability. I wonder if other investment YouTubers also prove their ability to create such a cultural ecosystem when I go to competitions and show my ability. I am an investment YouTuber. There seem to be a lot of people who can’t prove their trading skills after doing it.”
-The craze for investing in virtual assets, including bitcoin, is hot these days. What do you think about the future of virtual asset trading?
“I think the outlook is very bright. I’m also investing in stocks, and I’m investing a lot more money in the virtual asset market than in the stock market, because I think there’s still more potential.”
-Bitcoin has already risen more than 50% compared to the beginning of this year.
“Now there is an opinion that it could turn into a full bearish market, but I don’t think so, because institutional investors have just started investing in bitcoin. I think there will be more institutional investors participating in the virtual asset market in the future. I think there may be further gains after that as more public participation takes place.”
-Still, it seems like it has already risen a lot. Are there any coins I can buy?
“In terms of yield, in the short term, it is expected that altcoins with small market caps will increase the rate of increase. In the medium term, major altcoins, such as Ethereum and Polkadot, will bring attractive returns. In the long run, I think the Bitcoin growth rate will be the highest.”
-In the case of altcoins, does it mean that the increase rate in the short term is high in the long run?
“Yes. I think that if a detailed regulatory proposal is in place, many minor altcoins will disappear from the market. Eventually, it will be bitcoins and a few major altcoins that survive in the market. But after such a change of water, it is mainly the altcoins that survive again. I expect another bull market to unfold.”
-Explain in detail.
“Because it’s in the initial phase of the uptrend, stocks with smaller market caps can get more returns. It’s similar to the dot-com bubble that used to be. Small IT companies with smaller market caps at that time recorded the biggest gains, and they’re rather market caps. It played a role in driving the price increase of companies with large sums, but eventually the companies that led the market disappeared altogether, only the large major companies survived, and the major companies that survived led the market again, and small and medium-sized IT companies grew again. Didn’t.”
-What is the advantage of investing in virtual assets compared to investing in stocks, real estate, and other assets?
“First of all, compared to real estate, real estate has risen so much that people in their 20s and 30s cannot make investments at all. On the contrary, virtual assets are highly accessible because they can be invested in a small amount.”
-What if compared to stocks?
“Compared to stocks, there are more opportunities in the virtual asset market. The stock market has already been invested by large institutional investors, which means investors who already dominate the market when we say that we are investing in new stocks. On the other hand, in the virtual asset market, institutional investors have not invested properly, so we can first find good stocks and obtain alpha revenues as much as we preoccupied them. The virtual asset market is the only investment market that can preoccupy without competing with it.”
-What are the disadvantages of the virtual real estate market?
“Compared to stocks, the accessibility of information is significantly inferior and closed. Stocks are transparently disclosed and know all the information I want to know about the company’s financial status, equity structure, etc.. Coins are properly disclosed. Because there is no information, the gap between the rich and the poor is severe. This gap leads to a return on investment. Those who do not have the information may have a low return or loss.”
-If I only advise individual investors one more thing.
“I hope I don’t buy any coins because of the so-called “FOMO” (Isolation Fear) that I may have been isolated from the rising rally. In particular, event-type coins and minor DeFi coins in small and medium-sized exchanges are close to gambling investments. I hope you avoid it.”
Not a trader ‘2021 Hankyung Bitcoin Investment Strategy Show’ held by Hankyung.com on YouTube on the 25thWill be releasing a large number of his own investment secrets. The theme is ‘2021 Bitcoin investment, how can I make money?’, and I will discuss with the readers how to actually make money with bitcoin and virtual asset investment.
This event will be held under the theme of’True Virtual Asset Financial Strategy Spoken by Legend Investment Experts’. △CEO Joon-woo Kim (Former Derivatives Trader of Samsung Securities), Dae-Hoon Han, Analyst of SK Securities (author of the Bitcoin Revolution in one volume) △CEO Joo Young-CryptoQuant △Ahn Sihoo Trader △CEO Jack Tao Pemex (Former Vice President Morgan Stanley) The best experts at home and abroad who have outstanding achievements in the field of virtual assets, etc., participate as lecturers.
Considering the social distancing campaign, this event, which is being broadcast live online, can be viewed through the Hankyung.com YouTube channel. When applying in advance, lecture materials, AirPod Pro, Shinsegae Gift Certificates, BBQ Golden Olive Chicken vouchers, etc. are provided through lottery
Reporter Kim San-ha Hankyung.com [email protected]
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