GMT20140701 16:20 Trend Analysis of Democurrency
Bitcoin:
As a commonplace goes, Bitcoin price may not rise even if all global shops accept Bitcoin. The key is that more and more persons have the right reason to buy and hold Bitcoin.
Recently good news is from Swiss, Spain and China. Just keep waiting.
Altcoin:
Altcoin Index 1 is 5.36, down 4.2%. Altcoin Index 2 is 2.23, down 3.8%.
Altcoin Index 1 keeps going down and creates a new low. Altcoin Index 2 begins going down to a new low today.
Market cap of all altcoins just is 5.36% of that of Bitcoin now, but as we known this number is 9.31% at last April 16th, 15% at last December 30th, 2% in the last 10 months.
I have a strategy to save Litecoin, but no one contact me for their self-esteem. I hold 0 LTC, and have not commended LTC, so I am innocent.
In my opinion LTC will go down to $5, and DOGE/BTC will be down to 0.001.
Just remember this commonplace: buy altcoins after Bitcoin creating a new high.