On September 20, 2018, Jeanensis, Catapult Research & CKGSB(Cheung Kong Graduate School of Business) discussed using WD Gann methods in assessing Blockchain and Crypto-Assets and its impact on China Capital Markets. Many elites from CKGSB and financial experts attended the event in New York, including Professor Huining Cao (Usechain founder & a professor of finance at CKGSB), Kenneth Goodwin (Former federal Reserve Bank of New York central banker), and so on.
William Delbert Gann (June 6, 1878 — June 18, 1955) or WD Gann, was one of the most famous finance traders in 20 century, who developed the technical analysis methods like the Gann angles and the Master Charts. Gann angles can be a valuable tool to the analyst or trader if used properly.
The discussion was divided into opening speeches and keynote speeches. In addition to the famous Gann theory, there was an in-depth discussion on blockchain and cryptocurrency.
Professor Huining Cao said there are two risks to be considered for investors in the blockchain industry:
The first possible risk is the emergence of mass incidents due to the inaction of the project teams. For example, some scam projects have made the investors lose heavily. Second, the project teams should pay attention to the communication with government and legal compliance to avoid failing in technology development due to the strict regulation.
When it comes to the current crypto market environment, Professor Cao emphasized that the bubble burst is a good thing, because it gives good projects a chance to develop technology and concentrate on getting things done.
Now the market share of Bitcoin has exceeded 50%, it shows that there is a trend that good projects are gaining increasing attention from investors in the blockchain field. So Bitcoin will become more and more important in the future, and opportunities for other projects will gradually decrease.
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