GMT20140608 13:20 Trend Analysis of Democurrency

Today there are lots of arguments about the GHASH.IO computing power approaching to 50% and the risk of 51% attack in REDDIT. And this is also reproduced in weibo.com.

Firstly, this is a good deed. It demonstrates that a couple of new comers enter the market. This is because that the most concern before buying Bitcoin is whether it is safe. 51% attack is a compulsory course.

I have talked about this in "1.62 billion can destroy Bitcoin". Today I wrote a new article focusing in mining pool 51% attack.

Bitcoin:

The trading volume is becoming slighter and slighter and its amplitude is becoming smaller.

As we all know, the slight trading volume suggests few wave of selling. But it also suggests no incremental buying. It’s a bad new. Because the rising trend is driven by new comers. The incremental waving of buying is 0, so there are no new comers. But 3600 Bitcoin are still issued everyday and it is worth 2.5 million dollar. So the price will fall when it is always moving sideways. Until now it has been moving sideways for only 8 days, not too long, and I am still optimistic.

Altcoin:

Altcoin Index 1 is 6.18, up 1.4%. Altcoin Index 2 is 2.33, up 3.1%. They are driven by PPC today. But PPC is  just a rebound with low volume.

Vericoin rises by 35%, and it has displaced Darkcoin and becomes a hotspot. Darkcoin will continues to fall. 

I am against buying high on Altcoins.I suggest buy primitive stock.