The manipulation of China’s market maker didn’t scare Chinese bitcoin holders away, but caused big panic among foreigners, leading to the selling of tens of thousands of coins yesterday. Some foreigners are not that wise as we think.  So bitcoin still has a long way to go before the next surge.

Chinese short-sellers have achieved great success, and they are absorbing coins right now, causing the price to rebound.

However, they will launch another attack very soon, because going short is the only way to make money in a bear market.

As far as I am concerned, I wish the price will continue to dive, because this way, I can buy more coins.

Firmly hold your coins, if your bitcoin asset is less than 10% of your total asset, you can consider buying more bitcoin. For new comers, I suggest you are fully invested today.

From 1000USD to 500USD, the marketcap is now 6 billion USD, if it halves again, only 3 billion, any real estate tycoon in China can buy out all Bitcoin.

Altcoin index 1 is 8.76, up 0.9%; Altcoin index 2 is 2.73, down 3.9%, it’s caused by bleeding of the market. Many altcoins dived sharply yesterday, some plunged as much as 30%. You can only buy a little bit of altcoins that dived sharply before, don’t buy too much and don’t buy high.