The inside story about Bitcoin Foundation finally came out. For the Foundation, this story is absolutely lethal enough; the foundation will either be disbanded or sued.

But for Bitcoin, this is fairly good news. Because this message confirmed that Mark Karpeles is a liar. More and more evidences (including the 6000 coins I found) show that a large number of bitcoin are still in his hands ( This is a major curse of trading centers, because there is no central bank, Bitcoin is eventually under the control of an individual, no trading center is an exception. So we should NEVER put our coins in the trading center). If Mark Karpeles doesn’t want to be killed, he should choose to give the coins back.

MT’s story has lasted for a long time, whether it’s a conspiracy or not is no longer important. Based on rationality and humanity, things will eventually develop towards the positive side.

I’d like to repeat my long term point of view: firmly hold your coins if you are already fully loaded, new comers can build your position part by part within a month.

Yesterday Bit-stamp fell to 604$, huobi.com fell to 3630RMB, and the price began to stabilize. There should be a wave of rise in the following days, reaching $650 / RMB3900.

Altcoin index I is 8.46 today , down 1.1% compared to yesterday; Altcoin index II is 3.23 today , down 2.8%. Due to the continued downturn of altcoins, I estimate that altcoins trading centers are having a bad time, many of them will soon die, and there are no enthusiasm to introduce new altcoins. Market economy is good: when the market is bleak, the supply will be reduced, thus contributing to price stability.

Once again, NO.1 criteria for choosing altcoins: it should be listed in at least two trading centers. If not, even if you store your coins in your wallet, they cannot be traded once the trading center goes wrong.