Amazing daily analysis on cryptocurrencies from China

[michaelzhang]

Today's analysis(February 27,14:09, Beijing time)

http://www.bit-sky.com/index.php/english/402-20140227-14-09-trend-analysis-of-democurrency

With panic fading away, the market is ready to rebound.

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[michaelzhang]

Today's analysis(February 28,16:20, Beijing time)

http://www.bit-sky.com/index.php/english/408-20140228-16-20-trend-analysis-of-democurrency

Wait for the shadow of MT to dissipate.

[BitOnyx]

There are certain trends that are easy to notice on market, creating any kind of expectations towards future also might influence market in one way or another. Something what wasn't true might become true after we find loud enough tube that everyone would listen to and fallow the lead. It would be nice if our friends would not only make prognoses but also mention some proper reason. Being too rational or not being rational enough is no reason a all.

[michaelzhang]

Today's analysis(March 1st,17:55, Beijing time)

No matter how the MT event ends, there are no more bad news in the market (unless the wicked market maker creates another one), patiently wait for the rebound.

Welcome to follow my twitter @democurrency, daily analysis will also be updated timely on twitter

[michaelzhang]

Today's analysis(March 2nd,16:00, Beijing time)

http://www.bit-sky.com/index.php/english/424-201400302-16-00-trend-analysis-of-democurrency

No matter how MT event ends, the result would be positive for the market.
Fully loaded with BTC and wait patiently.

twitter: @democurrency

[michaelzhang]

Today's analysis(March 3rd,16:40, Beijing time)

http://www.bit-sky.com/index.php/english/427-20140303-16-40-trend-analysis-of-democurrency

With a number of good news recently, the next rise is bound to be very impressive once new money comes in.

twitter: @democurrency

[dedcoin]

What's the problem with alt-coins? I just went 100% Litecoin 
Once BTC will stabilize in $700 Litecoin will rally.
...That's my hope at least.

[michaelzhang]

What's the problem with alt-coins? I just went 100% Litecoin 
Once BTC will stabilize in $700 Litecoin will rally.
...That's my hope at least.

I'm afraid your position of Litecoin is too high, 100% is not so rational.
Litecoin is just one of the altcoins, don't put too much hope on it.

[michaelzhang]

Today's analysis

http://www.bit-sky.com/index.php/english/429-20140304-14-10-trend-analysis-of-democurrency

In 2014, Bitcoin will continue its crazy rise!

twitter: @democurrency

[dedcoin]

What's the problem with alt-coins? I just went 100% Litecoin  
Once BTC will stabilize in $700 Litecoin will rally.
...That's my hope at least.

I'm afraid your position of Litecoin is too high, 100% is not so rational.
Litecoin is just one of the altcoins, don't put too much hope on it.

Well, the point is that I bought at 0.023 ltc/btc.  This ratio is quite low, at normal times it's 0.025. and when BTC rallies it reaches 0.03.
With an ATH 0.05, I thought that this was a valid risk.

IMO, Litecoin is probably one of the safest altcoins out there, but I agree that it's kinda risky ..

[michaelzhang]

Money contributes more to bad guys,so does Bitcoin

Let’s imagine a world without money, and think how good guys and bad guys behave in this money-free world.

The good guys get their wanted commodity through barter. Although it’s not convenient and a bit troublesome, but everyone can eventually get what they want.

As for the bad guys (thieves, for example), if they steal a lot of goods of low value, they would find it difficult to carry these stolen goods. If they steal goods of high value, when they exchange the goods for something like food, they’ll get a lot of goods of low value which can’t be easily transported either.

The point is, the bad guys need to carry all his property with him all time to make it easier to escape once found by the police. Therefore, the bad guys badly need something that is universally recognized, of high value, highly divisible, and can be easily stored and transported. What kind of goods measures up to these standards? that is money!
So, money contributes more to the bad guys than to the good guys. It is safe to say that currency actually enhanced the ability of bad guys to encroach social wealth.

From the discussion above, we can easily understand why bad guys are the first to use BTC. Consequently, we should not ban Bitcoin.

As a matter of fact, all the latest technology: weapons, communications technology, transportation technology, camouflage and so on, contributes more to the bad guys than to the good guys.

We should be relieved when we recognize that this is actually the law of the world. Of course, with the development of technology and improvement of our life, there will be less bad guys and less bad behaviours.

[dedcoin]

I think I made a good deal
LTC just went to the moon because of BTCChina

[michaelzhang]

I think I made a good deal
LTC just went to the moon because of BTCChina

congratulations!

[dedcoin]

I think I made a good deal
LTC just went to the moon because of BTCChina

congratulations!

Thanks.

When you have time, can you please update us on the current state of mind in China?
Especially that China didn't enforce the ban on the exchanges. Is it still fuzzy, or can we interpret this as a clear to go?

[michaelzhang]

[/quote]

Thanks.

When you have time, can you please update us on the current state of mind in China?
Especially that China didn't enforce the ban on the exchanges. Is it still fuzzy, or can we interpret this as a clear to go?
[/quote]

For the current state of mind of Chinese Government, as you said, it is still fuzzy. I think the government is still learning BTC and weighing the prons an cons, this is too much new and too much powerful for them. I believe they also pay close attention to the attitudes of other countries.

In a word, Chinese goverment is still standing at a crossroads, I'll certainly tell you the latest develeopment of their attitude in this post.

[michaelzhang]

Today's analysis

http://www.bit-sky.com/index.php/english/442-trend-analysis-of-democurrency

twitter: @democurrency

[michaelzhang]

Today's analysis:

http://www.bit-sky.com/index.php/english/447-gmt-20140306-06-40-trend-analysis-of-democurrency

[El Dude]

What's the problem with alt-coins? I just went 100% Litecoin 
Once BTC will stabilize in $700 Litecoin will rally.
...That's my hope at least.

I'm afraid your position of Litecoin is too high, 100% is not so rational.
Litecoin is just one of the altcoins, don't put too much hope on it.

this is where you're wrong , Litecoin is not just another altcoin , Litecoin dev team have made improvements to the bitcoin protocol.

[Siegfried]

I love your analysis, thanks for sharing in English. I do hope you are wrong about Litecoin, though.

[michaelzhang]

Today's analysis:

http://www.bit-sky.com/index.php/english/456-gmt-20140307-06-40-trend-analysis-of-democurrency

Today we created "Altcoin index" to represent the performance and fluctuation of altcoins.
"Altcoin index" has been going down for one month.