I agree with this. Although I think Bitcoin will never be lower than $340 and it may look like you should invest everything you have at that price, I can't guarantee it 100% (and no one can). So you should be very careful with your investing.

Well, but do you think that Bitcoin has no more advantages compared to Litecoin except that it was created first?

Do you think that there are no valid reasons for Bitcoin to cost much more than Litecoin?

You are on the good path, mate! Congratulations!

4 BTC, wow! I have only 0.5 so far. I'd suggest you to keep it up!

And you are right btw that you are not going to gamble your coins away.

I don't think so. Mt. Gox was the biggest  bitcoin currency exchange market at the time and was very trusted place. What happened to it was highly unexpected and customers lost their money because they were unable to withdraw them months before the collapse was officially reported.

As long as customers can withdraw their money from those exchanges, they are no Mt. Gox.

This is very interesting, to me at least. Could you please provide some links to such blogs, because, believe me or not, I've never heard of them before.

I can't say I'm gambling for a living, I'm very far from that. The maximum amount I won from gambling in one day was around $20, so, obviously, with my luck at least, you can't live from gambling.

But I can't say I'm living for gambling either, because I find real life much more interesting than gambling. I do gamble for fun sometimes and I enjoy it, but am I living for it? ... No.

That really depends on where you want ot buy a house IMO. If you were going to buy it in Monaco, then I'd say, YES, yes, definitely do it. But if you are going to buy it in some place where prices on real estate might drop in the future, I'd stick to renting and hold my Bitcoins because the price of BTC will not drop in the future, no doubt about it.

Here's my experince with martingale. If I have say 0.02 (or 2M sats) in balance and if I'm playing simple 50% win chance, I start with 1k sats and if I lose I double the bet. In most cases you will have not more than 7-8 reds with that winning chance, so when you bet 128k or 256k you win at last recovering all your losses and having +1k (your initial bet). With that strategy you can easily go from 2M to 3M most of the time, BUT when you have 13 or 14 reds in a row (which happened to me several times) you'll lose everything. And the thing is you never know when those 13 or 14 reds in a row will happen, you can have them when you just begun betting.

In short: martingale is a road to hell. )

No, you are not. I know how it feels too, I mean losing all your balance, not everything of course. I find it a bit odd, but yes this is a good feeling sometimes. When you have nothing then you have nothing to lose, and yes you sleep like a baby. I understand you completely.

Well, I think it's good. When peolple worry they start doing stupid things generally, so it's better when they don't worry. Especially banks. They have money so they can "finance" anti-bitcoin activity in government and law institutions.

Pretty much agree with this. In a few months the price will reach maybe not $600 but rather around $500 but definitely not around $200.

Picture or didn't happen!  

But seriously guys, why don't you think it's possible to talk to Steve Wozniak? He's a normal guy, not a president or a snotty superstar besieged by bodyguards.

I'm a bit confused. So, did they sell it or what?

"The earliest a bidder could announce that they successfully purchased bitcoins at the auction, according to the USMS, would be Monday, once such transfers are finalized."

Since it's a pretty large amount, the selling should affect the price of Bitcoin, right? So when exactly will it happen?

The problem is they do think about their families, or at least they think they do. Many addicted gamblers justify their actions by that they want to earn more money for their families. But that's a lame excuse IMO.

Well, that's a good question. IMO in 20 years from now the price of 1 Bitcoin may be $10k or even more, but let's say it will be $10k. Now if you are saying you are going to live a pretty simple life without yacht or anything, you'll need around $30k per year in USA or $2k per year if you are going to live in India for example. So it depends on many things, you can do the maths by yourself. )

Yes, of course, but until the time the trick is known to many people you can exploit it, well, theoretically. Personally I don't believe you can find a way to make gambling profitable in long term, but people have the right to have their hopes.

Actually he's right in a way. But I hope things will change in the future. Governments must adjust to the needs of the people whether they want it or not, otherwise they might be replaced by those who understand this.

I think both and there are even more reasons: to draw attention to their articles, to look like they know something we don't or even with the intention to be the one who invented the term "Bitcoin CEO". )

I'm going to use the Coinkite wallet and I'm wondering what are people here think about it. They say you shouldn't pay any fee for withdrawing from there. Is it true?

That is true. However the article is not 100% negative. Take this for example:

"Nonetheless, many banks and financial firms continued to study the technology behind the scenes and have recently been expressing their interest — and announcing new investments — in the technology underlying Bitcoin, which is being heralded as a new way to conduct a broad array of financial transactions."

People get used to nagative news about Bitcion, IMO they even developed some kind of tolerance to such news. But when they see something positive is written in a respected newspaper this may have a big impact on their minds.