Blockchain has become one of the hottest topics in 2108, with Internet companies saying they are working on blockchain. With the rise of blockchain, the entire investment community is immersed in anxiety, and there is only one cure for blockchain anxiety: embrace the blockchain bubble.

In 2018, blockchain suddenly became “hot” and became one of the hottest hot spots this year. Some people even commented that “blockchain is the ninth miracle of the world”.

Blockchain, the underlying technology behind Bitcoin, ICOs, and various “tokens,” is starting to host a variety of application scenarios:

Asset custody, factoring, cross-border payment and settlement, game asset trading, social networking, points sharing, digital image copyright and so on, all kinds of applications based on block chain have emerged.

However, as of March 9, there are 200 ICO exchanges in the world with a certain scale, and 1,380 cryptocurrencies have been listed and traded, with a circulation market value of 2,548.6 billion YUAN.

Trading volume reached 181.7 billion yuan in 24 hours, surpassing the 175.8 billion yuan traded on the Shanghai Stock Exchange that day.

These numbers continue to grow every day, the dreaded wealth effect is actively spreading, and the number of new blockchain media is growing exponentially.

Almost all Internet companies claim to be working on blockchain technology, as if it could create great production value.

Many investors also suddenly found that the entire investment circle has been completely divided into two camps, namely the traditional investment circle and the blockchain investment circle.

The representative figure of traditional investment circle is Zhu Xiaohu, be called jokingly “classical Internet investor”; The representative figure in the blockchain investment circle is Chen Weixing, an active evangelist and entrepreneur of blockchain technology.

Across the traditional investment community, anxiety is more typical of the rise of digital currency assets.

They worry about missing out on this wave of growth and the biggest opportunity for a reversal of wealth.

First, why anxiety?

Faced with the new technology of blockchain, the anxiety of traditional investment mainly comes from three aspects:

1. Intellectual anxiety

Block chain knowledge map, suddenly into the era of explosion, the amount of information is geometric growth. The transfer of knowledge is measured in seconds, 24 hours without a break.

Conventional investors are far from comfortable with it.

Unknown knowledge to traditional investors is just like darkness to children. The fear of the unknown makes traditional investors bear more psychological pressure, and even causes unnecessary “psychological crowding”.

Just like an invisible killer, always dominated by anxiety, winding around every day’s work.

2. Technology anxiety

In the world of blockchain, technology is fleeting and obsolete before you can see it clearly.

One day without looking at technology, one feels behind The Times and completely disconnected from the world of technology.

If traditional investors don’t know what a white paper is, what a soft top is, and what a hard top is; What is “SAFT”, “Airdrop”, and “Howey Test”? What is a public chain, what is a private chain, what is “DPOS” and so on, then in the blockchain world, you will be no better than illiterate.

3. Investment anxiety

Traditional investors suddenly found themselves lagging far behind in the blockchain industry over the past year, and they fretted that the value investment system they had held on to for decades had been completely destroyed by ICOs.

Due diligence, valuation model and exit mechanism, which are regarded as gods in the traditional investment circle, are ridiculed by those in the blockchain investment circle.

ICO projects do not need to have a finished product, just an idea and technical solution using blockchain.

At the same time, blockchain and ICOs allow companies with VIE structures (also known as “protocol control”) to gain unlimited access to potentially circumventing barriers such as financing, issuance and listing.

Startup teams can raise cryptocurrency directly to c-end audiences, subverting the basic logic of traditional investment circles.

Two, cure anxiety method

There is really only one cure for blockchain anxiety: embrace the blockchain bubble. The biggest risk is not to participate.

Keep a high level of learning, understand the technical concepts of blockchain, the logic of operation, try to understand it with the simplest logic and metaphor, and establish their own complete blockchain investment logic.

To sum up, there are the following aspects:

1. Projects of the underlying technology and protocol layer

Blockchain underlying technology, including platform routing and encryption algorithms, consensus mechanism and so on.

The middle layer includes protocol encapsulation, open source or commercial API interfaces, and platform-like services like IBM’s Blockchain-as-A-Service (BAAS).

In the Internet era, the bottom protocol did not make money, but in the blockchain era, the bottom layer is more profitable than the top layer.

The core considerations of investment: the design concept of technology architecture and the maturity of technology application.

2. Projects with commercial application scenarios

At present, most blockchain projects are commercial application layer, simply put, the investment point is still the commercial value itself.

For example, using blockchain to do anti-counterfeiting is excellent. Whether it is using TWO-DIMENSIONAL code or NFC chip, it is not difficult nor a barrier.

The key is that blockchain can only trace the process and control the source, which cannot be solved by online blockchain technology.

It should not be difficult to find a rule: blockchain application projects are still in essence blockchain as a tool.

The core considerations of investment: the design concept of business ecology and the maturity of business application.

3. Projects related to virtual currency or mining

After nine years, Bitcoin is currently considered the most mature blockchain system.

Around its ecological relevance for early investment has basically passed the time window, the virtual currency exchange on the market has many channels mature.

However, in the current blockchain application field, more enthusiastic entrepreneurs, with a strong passion, without any stock of traditional blockchain advantages, start to empty the chain, the final harvest in addition to bubble is impossible to have anything.

And those who have the advantage of traditional blockchain scenarios are constantly refining the flow, waiting for the opportunity to explode.

The core consideration for investment: the segmentation of the blockchain ecosystem and the competitive maturity of the segment.

2018 will be the year of blockchain application. Finance, hospital, music, news, scientific research, autonomous ID and many other fields will see applications and innovations.