If you had entered the cryptocurrency industry at the end of 2013 (right after Bitcoin's major crash), who would you be today?
Jiang Zhuoer, founder of BTC.TOP, began his journey at this pivotal moment.
From Big Data to Bitcoin: A Career Pivot
Jiang Zhuoer graduated from the University of Science and Technology of China with dual degrees in computer science and business administration. Initially working at Shanghai Mobile as a data warehouse and big data analyst, his expertise in "viewing humans through data like ants under a microscope" later informed his cryptocurrency investments.
His first encounter with Bitcoin in 2011 was dismissive, but by 2013, he recognized its potential. Quitting his job, Jiang started with two GPU miners, eventually scaling to over 200,000 machines and founding BTC.TOP, now one of the world’s largest Bitcoin mining pools.
Key Pillars: Education and Mining
1. Demystifying Blockchain
Jiang’s talent lies in translating complex concepts into accessible content. His article "What Is Bitcoin?" on Zhihu became a cornerstone for Chinese crypto newcomers, amassing 6 million views. His follow-up analyses on platforms like Weibo regularly hit 100,000+ reads, cementing his role as a key opinion leader (KOL).
2. The Mining Triple Play
- Defensive Mining: Post-2016 Bitcoin scaling debates, Jiang prioritized owning hash power to safeguard assets.
- Business Resilience: During market downturns (e.g., China’s 2017 "September 4" crackdown), he leveraged debt to acquire discounted mining rigs, building a coin-centric ecosystem that thrives in volatility.
- Ideological Voting: His mining power influenced critical events like the BCH/BSV fork, ensuring chain integrity during attacks.
Trading System Evolution: From Quantifiable Models to Anti-Fragility
1. System 1.0: Quantifiable Metrics
Jiang’s early strategies relied on:
- Metcalfe’s Law: Tracking Bitcoin’s market cap relative to active addresses to spot bubbles.
- 60-Day Cumulative Returns: Identifying unsustainable price surges (e.g., 200%+ gains preceding crashes).
- Miner Payback Periods: Shortening ROI cycles signaled market tops.
👉 Explore advanced trading strategies
2. System 2.0: Embracing Uncertainty
- "Light Judgments, Heavy Risk Control": Avoid overcommitting to single theses (e.g., BCH’s post-fork decline).
- "Covering Springs Theory": Focus on discovering new freedoms (e.g., Ethereum’s smart contracts) rather than chasing trends.
"No trading system is perpetual—adaptation is key."
FAQs
Q: How did Jiang Zhuoer predict Bitcoin’s 2018–2019 bottom?
A: His "macrocycle theory" correlated historical volatility reductions with market cap growth, pinpointing ~$3,000 as the trough.
Q: Why does mining matter beyond profits?
A: Hash power votes on blockchain governance (e.g., BCH’s survival during the BSV split).
Q: What’s the biggest risk in crypto trading?
A: Overconfidence—Jiang’s "anti-fragile" system prioritizes hedging against black swans.
Conclusion: The Evolutionary Imperative
Jiang rejects blind "faith" in Bitcoin, instead advocating for blockchain’s evolutionary tree. Like the internet’s pioneers, today’s leaders may not endure—but the technology’s potential for fostering freedom remains boundless.
In a world of rapid obsolescence, only adaptation endures.