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In September this year, BiFu.com, the first website in the digital currency industry to provide professional data analysis and investment advice, was officially launched. It is understood that BiFu.com will launch crowdfunding tomorrow. At the same time, there will be a coin giveaway for participating in the website's public beta. Founder Pan Guoli is an expert in big data analysis in the Bitcoin industry. He has published a series of digital currency industry development trend analysis reports based on social big data analysis, including "Bitcoin Medium- and Short-Term Trend Report", "Exploring Bitcoin's Global Trends from Various Data", "2014 Digital Currency Community Activity Report", and "2014 Bitcoin Spot Market Report". Half a year has passed since the idea was born, and the birth of Bifu.com means that the real-time data analysis-assisted investment and trading project has finally landed. How useful is the data for actual operations? What are the advantages of Bifu.com compared with other paid K-line analysis groups? Babbitt interviewed Pan Guoli, the founder of Bifu.com. 8btc = Babbitt Pan Guoli = Pan Guoli, founder of Bifu.com 8btc: Why do you provide sentiment index analysis instead of other indexes? Sentiment index seems to be a relatively abstract concept at first glance. What does it include? What is the basis for judging the newcomer index? Pan Guoli: The sentiment index is an index that reflects the market's excitement. Compared with purely abstract concepts such as RSI, KDJ, MACD, etc., the sentiment index is very easy to understand. The sentiment index captures the entire market's participants and is concerned with the market's most real emotions. The newcomer index reflects the relative number of people entering the entire digital currency market, which may serve as a reference for the market in the next few days. The newcomer index reflects the current amount of funds entering the market to a certain extent.
8btc: According to your own previous summary, how useful are these various indexes for actual operations? Can you give an example to illustrate? Pan Guoli: It is a simple truth. Since we can make this index into a product, it must be useful or only a little useful. Our data directly guides users' real-time operations, and they are facing a lot of money. If the data is only useful occasionally and useless most of the time, it may directly lead to user losses and the product will not last long. Bifu.com has made data into a product, and it must be hoping to continue to create actual profits for users and keep the product in operation for a long time. In the VIP group of more than 150 people (group number: 12719680), Bifu.com conducts real-time explanations and operations every day, and everyone witnesses the magical effect of data every day. Let me give you an example to prove the effect of big data: In 2014, Baidu used big data analysis to predict the quarter-finals and top 16 of the World Cup, and all of them were accurate, with an accuracy of 100%.
8btc: I saw on the website that there are competing coins such as BitShares, Dogecoin, and Futurecoin. What digital currency trading instructions are mainly provided? Pan Guoli: Bifu.com will try to explore new markets and introduce digital currencies to new users. This module is not prepared for short-term trading users, but mainly for long-term investment users. It provides basic consulting services and data analysis reports.
8btc: At the beginning of the launch, it is important to gain the trust of users. Do you provide some guarantees to users? For example, if I buy this service, as long as I follow the operation of Bifu.com, how much return rate is guaranteed in a month? Pan Guoli: First of all, it should be noted that Bifu.com does not make price predictions, but only provides data services. Users make their own judgments and operations based on the data. In the early stage, we will provide guidance to users and explain the relevance and rules of the data. After users are familiar with it, Bifu.com will no longer provide guidance. When Bifu.com explained to the VIP group, it used 10 coins as the principal. From August 25 (coin price around 1300) to August 31 (coin price around 1450), it made a profit of 1.7 coins. More than 150 partners in the group can witness it together. A friend who started to operate according to the data in early August said that his profit was several times that of last month. Only he knew how much he had earned.
8btc: The biggest advantage of Bifu.com and some paid groups in the cryptocurrency circle that specialize in K-line technical analysis is price? Pan Guoli: Price is not the advantage of Bifu.com. The low price in the early stage is just to let more users experience the benefits of big data and let more users use our services. In the future, Bifu.com will not set prices, but let the market decide the prices and implement a floating pricing mechanism. At that time, the service fee of gold members may be 200 yuan per month or 2,000 yuan per month, let the market decide. The biggest advantage of Bifu.com is to provide real-time and reliable data analysis, so that transactions no longer rely on feelings.
8btc: When did you find out that you can make relevant predictions through big data? Can ordinary users learn the rules of correlation after joining the group for a month? How do you ensure that your technology is not copied? How do you maintain user stickiness? Pan Guoli: At this time a year ago, I was constantly collecting various data related to Bitcoin. As I collected more data, I had this idea, "Can I make money through big data?" At that time, I jokingly told Lao Liu of Bikan that "If I can prove that these data can be used to speculate in Bitcoin, I will make a lot of money." Wu Gang of Hao Bitcoin also mentioned it. At the beginning of the year, I was thinking about how to do this big data project. At first, I considered producing a professional report, but the market was too small and not many people were willing to pay. Mr. Zhu from a Bitcoin company in Guangzhou sent me several emails, suggesting that I make the data into an index that is convenient for everyone to speculate in Bitcoin, and update it in real time. In the end, he also said, "Talk is cheap, show me the money." So I slowly figured it out.
The algorithm of Bifu.com will not be made public for the time being. Technology is constantly developing, and algorithms need to evolve continuously. We are not afraid of being copied. What the market needs is competition. I am glad to see that some friends in China are also trying to provide data services to VIP members. If you can really help users make profits, you will not be afraid of having no users.
8btc: What made you want to create such a website? As far as I know, there seems to be no precedent in the cryptocurrency circle. There is a lot of room for imagination, but there must be many difficulties. Pan Guoli: This is not our innovation. In the traditional stock market, people at home and abroad are doing this, and they have made a lot of money. In the domestic stock market, there are similar websites like "Investment Pulse Network" and "Stock Radar Network". "All information is aggregated to users using big data methods, and it is objective to make a living." This is the characteristic of such websites. They also collect and aggregate public opinion information such as news, stock bars, and Weibo from the entire network in real time, count the rise and fall opinions, and have original stock sentiment algorithms. Five or six years ago, foreign research institutions began to analyze information on social networks such as TWITTER in real time, and used this to make stable profits from the securities market. Whenever I think of the word "entrepreneurship", this sentence comes to my mind: "The road I choose is full of opportunities, but also bitterness and despair. There are countless failed companions, stacked together, taller than the pyramid." Entrepreneurship in the digital currency industry is even more difficult.
8btc: According to your estimate, how many users are willing to pay for this? Pan Guoli: Bifu.com is still in the early stages of development. In the early stages, we do not pursue the number of users. In order to protect the profits of users, we will also limit the number of users. The number of silver members is limited to about 100 people, and the number of gold members is limited to dozens of people. The specific number of people will be determined after the launch based on the market situation. Everyone likes useful things, and the market needs to be developed step by step.
8btc: When did you enter the cryptocurrency circle? You once described this circle as "bloody and violent". Can you roughly divide your experience in the past few years into several stages? Pan Guoli: My first encounter with Bitcoin: I knew about Bitcoin in 2012, but I didn’t pay much attention to it.
A dialectical view of Bitcoin: I entered the Bitcoin market in early October 2013 and found a lot of information. It was not until February 2014 that I was able to truly look at Bitcoin dialectically. The article "Bitcoin May Not Be Capable of Taking on the Responsibility of Being the World's Currency" was written at that time.
Integrating into the Bitcoin circle: I joined the Bitcoin translation team in March 2014. We translated a lot of news together. Later, I took the initiative to find information to translate, and gradually integrated into the entire circle.
Thinking about data: As the price of the currency continued to fall with the continuous good news, I decided to do an investigation. Gradually, more and more data was collected, and the quantitative change led to qualitative change. Putting the data together, I found many things that others could not find.
Thinking about the project: I have been thinking about what kind of project can survive in the digital currency industry? Under the current circumstances, in addition to mining, projects that serve investors and speculators can definitely operate for a long time. Trading platforms are one, but they are almost monopolized at present. Issue industry reports? Low-frequency services have relatively low demand and are difficult to do. Later, after a friend's reminder and my continuous pursuit of technology, I finally decided on the project of real-time data analysis to assist investment and trading.
8btc: Some people say that Bitcoin can make money, so just make money quietly. For you, is Bitcoin more of a belief or more of a money-making tool? Pan Guoli: What is "faith"? What should we believe in when it comes to Bitcoin? Do we believe that Bitcoin is worth $100,000, or that Bitcoin will not kill us?
The main reason for participating is that I believe Bitcoin can provide better convenience for everyone's daily life, and I will do my best to improve the entire ecosystem. My experience over the years has taught me that as long as you do things well and do them well, money will come. We should not care about making money, but how to do things better. I hope to provide you with better products and better services.
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