GMT20140705 15:49 Trend Analysis of Democurrency

Bitcoin:

I am pessimistic about Bitcoin trend in mid period.

But my pessimism is not on trend aptitude but time. It’s no use only having a strong support. The key is that incremental fund could not resist the pressure of new mined coins, so it’s hard to successively rise.

Altcoin:

Altcoin Index 1 is 4.63, down 8%. Altcoin Index 2 is 2.03, down 6.8%.

Driven by Litecoin, altcoins go down fully. Altcoin Indices now are only half of those 3 months ago.

Today a force is played that big investors crash LTC market, push price high and then sell LTC to make money. No new incremental fund is added to market, and none will buy high, so it’s not a good idea to toss and turn restlessly.

Don’t ask me why I forecast LTC will go down to $5, do you remember I had foreseen it would rise to $160? I just say these words from instinct. However, the key is just to dare to think, and only this can you make money. Those buy LTC at $16 are locked in, and so are those buy at $8. But I will buy at $5, so I am not locked in now.

None of LTC big investors ask me for advice, and they are just playing their own games. As an outsider, I am glad to watch.

I have placed my buying orders on IFC at 0.00008RMB, and I will keep my promise to buy a billion IFC.