LD Capital Founder Jack Yi: Entered Bitcoin Mining at Low in 2015, Later Invested in Quantum and Other Projects, Caught the 2017 Bull Market
Jack Yi, founder of LD Capital, stated that the slight pullback in Bitcoin is expected. If it continues to drop to around $75,500, it will be a new buying opportunity, and he still anticipates an increase after the pullback. At the same time, public market data shows Bitcoin trading between approximately $77,600 and $77,800, having fallen about 3% from around $80,300 on August 28, with an intraday low of about $76,900. The 52-week range is approximately $57,800 to $126,200.
He mentioned that investing and trading are the most challenging tasks. He entered the Bitcoin space by mining at a low in 2015, later invested in projects like Quantum, and caught the 2017 bull market; at that time, he mistook luck for skill due to his previous successes in traditional industry venture capital. Subsequently, he "madly invested in hundreds of projects, most of which failed and a few succeeded." After opportunities decreased, he shifted to trading, emphasizing the need for respect in trading: after nine consecutive successes, the tenth failure can bring one back to square one.
His public resume aligns with this narrative. RootData states he is the founder of LD Capital and Trend Research, and was a partner at INBlockchain. He has been involved in blockchain since 2015, investing in over a hundred projects including EOS, Qtum, VeChain, and Ulord. He is from Hunan and was born in 1987. The $75,500 corresponds to about $2,000 below the then-current price, marking it as a "slight, addable" position from the recent high of $81,300, not an official guideline from exchanges or funds.
The market structure does not support writing personal points as consensus. From August 19 to 21, Bitcoin rose from about $64,700 to approximately $78,300, then fluctuated between $77,000 and $81,000; a year ago, the price was higher, still down about 30% year-on-year. Giant tech and macro trading are simultaneously competing for the same liquidity. The statement of nine consecutive profits followed by one loss is a statistical common sense of leveraged trading, not a new pricing model.
His path is from miner to project portfolio to subjective trading. Mining profits from computing power and electricity costs, while the 2017 wave of altcoins and public chains profited from issuance premiums. The failure rate of hundreds of projects has shifted returns from selecting tracks to timing. LD Capital, a type of RMB crypto fund, repeatedly faces the same constraints in cycles: fewer primary projects, greater secondary volatility, and its scale no longer favors small-cap markets.
In market mechanics, buyers are trend traders viewing $75,500 as a discount, while sellers are short-term accounts reducing positions from the $81,000 high. Prices are driven by both spot and perpetual markets, not a single tweet. Funds oscillate between $77,000 and $81,000, and who buys at $75,500 depends on whether there are real buyers there. The beneficiaries are those who can survive the tenth pullback; the pressured are accounts that write the luck of 2017 into their trading systems and continuously win on leverage.
Source: Public Information
ABAB AI Insight
Jack Yi frames his mining experience in 2015 and the 2017 public chain boom as a success story, but what he is really selling is the current price point. The generation of RMB funds like LD Capital profited from EOS, Quantum Chain, and VeChain through issuance and thematic rotation, but after an explosion in project numbers and a collapse in success rates, funds were forced to shift from primary to secondary markets. The statement of nine consecutive wins followed by a zero is a candid truth about high-turnover leverage, as well as a correction of his past "ability narrative."
The capital path has shifted from electricity costs and token quotas to subjective accounts. Mining requires managing electricity and machine positions, primary investments require managing relationships and quotas, and trading requires managing margins. When opportunities decrease, individuals tend to increase trading frequency to maintain presence, which in itself raises the probability of a tenth occurrence. The $75,500 is not on-chain data; it marks the price at which he is willing to buy again after the recent drop from $81,000.
This aligns with a group of Chinese institutions that transitioned from token funds to quantitative or subjective trading after 2017: first enjoying issuance, then learning risk control in bear markets, and finally treating memories as systems during rebounds. The industry phase is about stock game, not new asset discovery. Bitcoin has retraced 30% from its high over the year, and the personal bullish window coexists with macro buybacks and gold pricing, without mutually proving each other.
Structural changes indicate a shift in pricing power. Pricing power has moved from project narratives to candlestick positions and leverage discipline. The mechanism is: after primary beta disappears, survivors can only make swings on the same Bitcoin; consecutive wins extend risk appetite, and single pullbacks are settled on a compound basis. If respect is only written in posts, accounts still operate on old positions.
ABAB News · Cognitive Laws
The cycle of mistaking luck for skill will end on the tenth trade.
As more projects are invested in, the win rate usually decreases.
Price points are wishes; pullbacks are the bills.