Bitcoin:

A beautiful little W is formed above $ 600. Next, price is supposed to be pulled up slowly.

In foreign trading centers, we often see big orders buying thousands of coins; this indicates that some tycoons have already gotten into play, silently.

Price in domestic trading centers is more aggressive, it has broken through the short-term platform. The market maker is obviously absorbing coins.

New York announced today that it will permit bitcoin trading centers, this is great news for Bitcoin. Because the vast majority of bitcoin players are Americans, but the United States does not have a bitcoin trading center so far, the price has always been led by the nose by the outside world. After the establishment of trading centers in New York, Wall Street can easily participate in the Bitcoin market.

My suggestion is the same as yesterday: firmly hold your coins for long term gains, new comers can build position part by part. Speculation in the short term is not recommended.

Altcoins:

Today altcoin index is 8.62, up 0.9 %, the first rise in recent times, mainly due to the rise of LTC. Altcoin index 2 is 3.15, down 0.5%.

LTC is obviously rising recently. The acceptance of huobo.com in China is a fuse. Altcoins are bought with BTC in foreign countries, BTC holders are usually reluctant to convert BTC into fiat money, but they may be pleased to buy some altcoins at some time. So the market value of altcions compared to BTC should be stable in a range. This is the theoretical basis for setting altcoin index. LTC’s pressure level is around $ 20, and now there is room for a further rebound, but it would be difficult to break through $ 20.

Competition between altcoins is fierce. This fully reflects the essence of democurrency - canvassing. If you are recognized and become popular, you live, no popularity, you die. The world of altcoins is changing quickly. We can see the future trends of speculation in altcoins from Auroracoin and LTC: abandoning the old for the new. Old coins will fade away when its theme is exhausted. The team of new coins will learn lessons from others and perform better.

Patiently wait until the end of March, a new round of competition is coming!