Print the private key encripted with a password you will never forget(may be the first paragraph of your favorite book or something)
Hide it in some place people would never look for, like an old book or magazine(write it directly in the book might be better because a piece of paper may drop if someone goes through your things looking for something hidden).

Also make backups just to be sure

I mostly just HODL right now. I always lose money trading and there are not many places to spend bitcoin directly. I don't see the altcoin scene favorable right now so I don't see it changing in the incoming months.

$10666 maybe?
The price seems to gravitate towards numbers that have the "666" string on it, and 10k seems to be a reasonable number.

The answer is a stronger no than in 2013. Satoshi account is locked and in order to unlock it there must be a signature from a very old address that probably has its private key destroyed long ago.

Some dude hacked his account in the past and some people claim to be Satoshi, but no proof so far and of course none of them will log in his account.

I think off topic is not counted, maybe games and rounds too , but I'm not sure.You could try and see if it is counted or not.

reason: end of month + price cycle of 4 years.

buy when things are red and sell when everything is green

I'm all in bitcoins right now, when the price of BTC is about to rise it is a good time to buy, but I think we will see more altcoin carnage before things change again.

But if I was going to buy now, I would go for altcoins that are around for years but lost most of their marketcaps. Ethereum and Litecoin, for example. Just look what happened with LTC price in the last BTC rally.

My routine is the same: hold and wait until the price goes up, sell only if really needed. Sooner or later you will be in profit even after a big fall in price, so it won't matter.

As a rule sell after a big dip in price is a bad idea so think twice before selling now, even if to rebuy later at lower price

Places that accept bitcoins as payment option: thousands.

Places that accept Tether as payment: none that I know.

You said Bitcoin has 70% of mining power in the world.

For me it is just a trick to make Tether look more popular. They always looked sketchy, in my opinion

Bitcoin is a protocol, nothing more, nothing less. It has made to mimic gold in some features, but it is a thing on itself now.

You can use it as you please, so it can work as store of value, medium of exchange and many other things

The only trend accessible for us commoners is the Blockchain Technology, because everything about it is public and open source, while all the others have property codes and are developed in teams in big companies, study and develop such technologies would have a bigger barrier.

So the blockchain technology is the most promising if you are not in a computer science course or something.

I think Warren Buffet strategy is find companies that have good fundamentals and are still undervalued then hold it until the prices skyrocket. Worked for him and works for Bitcoin, the fundamentals are stronger than ever, that's what matter, not the price or the price falls.

Anyone that panic sold at the bottom lost a lot, just compare the price now with  the price when this thread has been created.

The problem with the choices given is we don't know the Bitcoin dominance in the cryptocurrency market in the long run(that is, in the next decades), while gold will be what it is during our whole life. But gold is expensive and you won't see big returns from it, even if the geopolitical situation goes from bad to worse. Gold is not feasible for small investor because of too many fees to invest on it.

So the answer would be Gold if one has already a big capital or plans to grow his capital outside the crypto world, but Bitcoin for those of us that have little and the only hope to get a better financial situation is some kind of hyper deflation miracle.

If the question was Cryptocurrencies vs Gold, I would go all in in cryptocurrencies now, however, if I'm allowed to change the portfolio if the situation changes

Always eat in the McDonalds.

Better stuff for fat, as Super Size Me shows

Nice trust you have, sir

There are already topics with hundreds of posts discussing money making techniques, and countless books on the subject.

I think you might find your answer for free.

Two interesting things happened at once over the weekend: the price of bitcoins hit a record high and the leaders of America’s biggest bank and the world’s largest asset manager said that governments would soon “crush” it — that it was all a big waste of time.

JP Morgan Chase CEO Jamie Dimon said that “if you’re stupid enough to buy it, you’ll pay a price for it one day” and the CEO of BlackRock, Larry Fink, said the price of bitcoin was basically an “index of money laundering”.

Around the same time on Friday night our time, that so-called money laundering index was racing to a new record of US$5856.10. It has retraced a bit, back to around US$5500, and a market cap of $US92.7 billion, which would make it Australia’s second largest company, ahead of Westpac.

This thing that Jamie Dimon says has “no actual value” is now up 65 per cent in a month and close to 1000 per cent (10 fold) in a year.

There are three theories about what has caused the latest surge: CoinBase, a digital currency exchange, announced that purchases up to $US25,000 would be instant from now, making it easier and faster to use; there are rumours that China will reverse its recent ban on initial coin offerings, which caused the price to drop 25 per cent last month; and another “fork” is set down for the bitcoin blockchain next month.

The last of those seems the most credible. There was a fork on August 1 in which bitcoin investors were given an equal amount of a new creation called “Bitcoin Cash”, which popped up to $US800 each in August and have now settled back to $US311 each — a market cap of more than $US5 billion.

Having seen that much value created from thin air, “investors” obviously see another fork as a pretty good thing and earnestly to be desired. The next fork is to be called Segwit2x and will happen sometime in November.

The description of the bitcoin phenomenon that has most struck a chord with me came from a tech journalist named Dana Blankenhorn, who wrote that bitcoins are like diamonds.

“For all its technical problems a bitcoin token is rare and illiquid, thus highly prized for its scarcity — worth the extraordinary expense to mine and traded among elites based on that scarcity.

“Bitcoin was designed to be a single global market, under decentralised control, but it is evolving into multiple markets, with Chinese and American players battling for control. Right now, the Chinese have the advantage.”

The price of bitcoins is not rising exponentially because of a rational belief that it is the future of money — although a lot of people think that — but for the more simple reason that they are desirable and there’s a shortage of them.

Holders of them are not selling, while new buyers are coming to the market all the time, fascinated by what’s going on and wanting a piece of this action. And we are a very long way from exhausting the global supply of speculators and gamblers keen to jump on the latest bandwagon.

Diamonds are useful as a grinding medium because they are so hard, but the value of them is based on scarcity and marketing — De Beers’ magnificent ad campaign in 1947 based on the slogan “Diamonds are Forever”, followed up by that early social media influencer, Marilyn Monroe, with the song: “Diamonds Are a Girl’s Best Friend”.

Bitcoin’s organisers and traders seem to be overwhelmingly male, and the marketing proposition is that it’s cool — a way to be a mild anarchist, and express dissatisfaction with the state of the global monetary and financial system (and who isn’t dissatisfied with it?) while at the same time maybe get rich.

One guy in the Netherlands has famously sold everything, put it all on bitcoin and moved his family into a caravan park, which just goes to prove PT Barnum’s dictum that there is a sucker born every minute.

The reason Didi Taihuttu looks like one of Mr Barnum’s suckers is that neither he nor anyone else understands the value of what he has bought with all of his family’s worldly possessions. He might get rich and leave his children billionaires; he might die in the camping park, a pauper. He doesn’t know.

Last time I wrote about this, I called it a scam; not long after that, Jamie Dimon called it a fraud. Neither of us actually knows what he’s talking about, but then, on this subject, nobody does.

A lot of people understand blockchain, the technology behind bitcoin, but nobody has any idea what a bitcoin is worth, or should be worth.

For that reason, it looks like a bubble at the moment but it seems unlikely that bitcoin will go to zero. Bubbles rarely do go to zero when they burst: tulip bulbs still cost money, so does Tokyo real estate, and dotcom stocks are having a second coming.

Bitcoin, ethereum, Ripple and a few others are interesting and disruptive technologies. There is scamming involved, but there is also something pretty big going on — definitely with blockchain, probably with cryptocurrencies, if only as a means of global money transfer, and maybe with bitcoin.

But if the world’s governments want to crush it, they had better get cracking.

http://www.theaustralian.com.au/business/opinion/alan-kohler/bitcoins-are-a-boys-best-friend/news-story/0fd37539de81244e8c395dca880057c3

BITCOIN PRICE DOWNTREND ISN’T WORRISOME YET

As was somewhat expected, the weekend brings us a negative Bitcoin price trend. Although things looked pretty decent yesterday, we have seen signs of a small correction starting to become visible as early as Friday afternoon. Given the recent bull run all the way up to nearly US$6,000 over these past few days, it was only a matter of time until things would retrace at some point.

One has to admit a brief Bitcoin price correction doesn’t have to be a bad thing. The most recent correction kept the price below US$4,500 for a while, yet eventually allowed the price to break the US$5,500 resistance in short order. The current retracement is pushing the Bitcoin price down toward US$5,500, which is a necessity before we can attempt a run at US$6,000 once again.

Although this current price dip comes out of the blue, it is only normal would see such a shift. The weekend is often pretty boring or troublesome for cryptocurrency trading. This weekend has been no different in this regard, at least where the Bitcoin price is concerned. It is nothing to be even remotely concerned about, mind you, as manipulation and speculation are slightly more lucrative ventures over the weekend. If the price were to drop to US$5,000 or lower, one should get slightly concerned, though.

One thing to keep in mind is how Bitcoin is still noting a nice trading volume. Compared to previous Sundays, the 24-hour volume is almost twice as high. With US$1.89 billion worth of cryptocurrency changing hands across all global centralized markets, there is no reason to think the demand for Bitcoin will dwindle in the near future. In fact, it seems more likely we would see a nice bounce in the next few days.

Not a day goes by without Bitfinex leading all Bitcoin exchanges in terms of trading volume. The platform is still well ahead of Bithumb and bitFlyer, although it seems the gap is shrinking a bit. Bithumb still values one BTC at nearly US$5,570 right now, though, which seems to confirm this is only a small dip to be bought up. Once again, it’s nothing to worry about in the slightest, as we will not necessarily see dirt cheap bitcoins anytime soon.

All of this goes to show cryptocurrency markets remain volatile at every turn. There is a lot of speculation and manipulation taking place on a regular basis, and Bitcoin is no exception in this regard. Things will look very different when we head into next week, but it remains to be seen if the Bitcoin price will go up again at that time or move even lower. These are exciting times for the cryptocurrency community, though; that much is certain.

https://themerkle.com/bitcoin-price-drops-to-5500-as-expected-correction-sets-in/

Wikileaks founder Assange claims he made 50,000% return on bitcoin thanks to the US government

Wikileaks founder Julian Assange claims his organization has made a 50,000 percent return on bitcoin after investing in the cryptocurrency in 2010 — and it's all thanks to the U.S. government.

In a tweet over the weekend, Assange posted a screenshot of bitcoin prices on July 18, 2010 and October 14, 2017 on industry website CoinDesk. In this period, the price of bitcoin went from $0.06 to around $5,814. This represents a 9,689,900 percent increase.

Assange, however, said that he has made a 50,000 percent return, presumably investing in bitcoin over the six-year period.

And the Wikileaks founder said this was because the U.S. government forced payment companies like Visa and MasterCard to carry out "an illegal banking blockade" against his organization.

In 2010, MasterCard blocked its products being used to pay WikiLeaks. Paypal also restricted the account used by WikiLeaks after it said the group has violated its policy.

Assange said that this is the reason WikiLeaks invested in bitcoin. The cryptocurrency allows anonymous payments and can be moved around the world easily. It is, however, very volatile.

Wikileaks is notorious for publishing classified government documents. Assange was fighting a legal battle with Swedish prosecutors who accused him of rape, a claim he denied. Earlier this year, Sweden dropped its investigation into Assange.

In 2012, Assange was granted asylum in the Ecuador embassy in London and has holed up there ever since.

https://www.cnbc.com/2017/10/16/wikileaks-julian-assange-bitcoin-50000-percent-return-thanks-to-us-government.html

JPMorgan Chase CEO Jamie Dimon might still think those buying bitcoin are "stupid," but that didn't stop the cryptocurrency from trading at records above $5,800 last week.

Optimism around bitcoin drove its market capitalization above that of Goldman Sachs on Friday, with some market insiders forecasting that figure to reach at least $1 trillion in the next eight years. (The market cap is currently about $93.55 billion, according to industry outlet Coindesk.)

Still, the virtual currency remains subject to wild price swings, and attempts by government regulators to crackdown on the cryptocurrency have unsettled investors. Just last month, the price of bitcoin fell around 13 percent following news that one of China's largest bitcoin exchanges said it would be stopping operations.

https://www.cnbc.com/2017/10/16/tell-us-what-you-think-where-does-bitcoin-go-from-here.html