There are some “small” good news from overseas, such as Playboy accepts bitcoins , more ATM are installed, etc.

In China, fairly good news, Central bank says bitcoin is a " nongovernmental currency ", note even a small change in the offcial wording has a great meaning behind. Last time they said bitcoin is a "commodity", this time, " nongovernmental currency ." From commodity to currency, this is a qualitative change. Next, they are estimated to introduce new policies , and it is possible that they will recognize bitcoin as a kind of currency.

Needless to say more about the market, new comers can feel free to buy, as long as the position do not exceed 10% of your total assets. In the short-term, it will rebound to the first pressure line (see the chart) , then I’ll further make judges about the trend according to the form.

There is a negative effect of low turnover rate of Bitcoin, there will be further decline if people who have made money sell their coins at a bottom of the market.

Of course, this will make the market more healthy. People who are not firm enough had better to get off early. Otherwise, if all people firmly hold coins like Li Xiaolai, the world's wealth will be in the hands of a small number of people in the future.

At the moment, the most practical application of bitcoin is international payments.

Official statistics show that International payments is $ 20 trillion a year. If 10% of the trading applies Bitcoin and the turnover rate is 1, it will be $ 3 billion. This is a very rational estimate.

Because Auroracoin has started airdropping, and it is not issued by government , no one can guarantee that the development team will not sell, so from today Auroracoin will be included in the altcoin index , this will lead to inflation of altcoin index. This is consistent with the purpose altcoin index calculation. Auroracoin’s market capitalization comes from other altcoins. The more the new altcoins, the deeper altcoins will fall as a whole.

Before including Auroracoins, altcoin index is 8.63 , down 1.5% ; altcoin index 2 is 2.7 , down 1%.

After including Auroracoins, altcoin index is 9.1 , altcoin index 2 is 3.18 .

As for altcoins, it is difficult to catch up when they surge, and it’s also hard to sell when they dive. So just buy a little bit of everything.