Today, price in domestic trading centers dropped for 100RMB, probably due to the news about Alipay. The news is actually very good for Bitcoin.

First, QR payment is market demand, it has nothing to do with Tencent itself.

Then, if QR payment of Alipay and others are banned, there will be blank in the market.

Who will fill in the blank? Yes, Bitcoin and other democurrencies! Swipe your QR and confirm in your mobile wallet, then the money is yours.

Chinese people know that Chinese government is surely against Bitcoin’s QR payment, but there is nothing they can do about it, because Bitcoin has no center, the government doesn’t know who they should find, and there is no use even if they find Satoshi. In addition, I guess they would not bother to regulate Bitcoin payment at all because there is no benefit. As a result, democurrency payment will grow wildly.

Price in foreign trading centers is very stable.

At the beginning of the bull market, fluctuations are very small, be patient.

Suggestion is the same: firmly hold your coins; new comers can build position part by part within a month.

Altcoins:

Still cannot access coinmarketcap, so we cannot deliver altcoin index.

Litecoin: Litecoin dived more sharply than Bitcoin, forming a small head above; it’s difficult for the price to rise again. On the other hand, because a lot of people are caught, It won’t dive sharply either in recent times.

Suggestion: don’t buy Litecoin, buy bitcoin.

Doge: The “pump” is over, Doge continued to decline. Doge indeed has bigger fluctuations than Litecoin and Bitcoin, and possesses the potential of big rise, but it also has high risk. Huge selling of newly-mined coins is possible to make it fall several times.

Suggestion: strictly control your position. Do not buy until the bottom is formed.