No big news today.

Trading volume of BTC has shrunk dramatically. Trading in Chinese trading centers appears to be forming a head & shoulders pattern, perhaps the market maker has sold some of his coins. In Bitstamp, price has been gradually pushed up. 3 days ago, bitstamp price rose by 20 % within 3 hours, with nearly 30,000 coins traded, reflecting the huge amount of money eyeing up the market. Perhaps the next wave of rise will start today, with the target of 20% up, $ 800.

For altcoins, I suggest we wait and see.

I’d like to repeat my views today:

1. For those who believe in the future of 3 million RMB/BTC, firmly hold your coins; for those who don’t believe, sell your coins and go home. Without belief, you’ll easily lose in this market.

2. Democurrencies have high risk as well as high return , please control your position to be no more than 10% of the your total assets; If the decline affects your quality of sleep , quality of work , or your emotion, then you really need to reduce your positions.

3. Your BTC must be placed in your own Bitcoin wallet. Never put your money or coins in trading centers. Trade immediately after money charge, withdraw your coins immediately after transaction. It is also suggested you make big transactions part by part, each part has only a small amount of money, trade your parts one by one, do not trade the next part before you’ve successfully withdrawn in your previous trade. Remember the bloody lesson we paid for with blood from MT.

4. Altcoins have very high risk, control your position of altcoins to be within 30% of your total positions in democurrency. DO NOT buy high.