From the chart, we see one big investor sold about 10000 coins, the coins were all taken over by the buyers, and the price rebounded to the level before the dive.

 

At 12 o’clock today, bter.com said that it would immediately stop RMB charging through third party payment channels as requested. As a result, price in China dived sharply, all the way down to 2600 RMB, price in foreign exchanges followed the decline, but price in foreign trading centers did not break yesterday’s low point.

 

The recent dives are sort of abnormal, because after 4 months of bear market and countless dives, those who made profit have retreated, those who are not firm enough have surrendered, there should be no more negative momentum.

 

So there is one possibility: it is actually the exchanges that are selling coins(customers’ coins) to beat the price and then buy back, thus earning short-term profit.

 

So, please, don’t deposit your coins in trading centers, when trading centers have no more coins in their hands, they dare not to go short, because they will collapse once the coins are all withdrawn.

 

It seems developing a hardware wallet is a kind of mission for me now. I’ll try to accomplish it as soon as possible.

 

For new comers, you should be happy to buy at this low price.

 

Altcoin index 1 is 9.39, up 5.5%Altcoin index 2 is 3.3up 8.3%, mainly due to the surge of Auroracoin.