VAT (known as sales tax in some countries) in the UK is 20% at the moment, if it's charged on exchange transactions that means a 20% price premium to those who are not VAT registered businesses.
Wow, that would mean even more inflated prices than Emptygox.  |
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First China, then India, and now Russia. Before long, half of humanity will be excluded from Bitcoin.
I'm afraid many of us might be imprisoned for Bitcoin. Be safe.
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Bitfinex could be illegal in Hong Kong because interest rates >60% p.a. are forbidden. I considered using them as a dirty fiat savings account, but decided against it for this reason.
Also, I would never short Bitcoin or play it on any sort of leverage.
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proudhon, check your PM. Confirmed bad news.
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Guys did you look at Huobi volume ? It dropped like 1000% ?
Anybody got news on that ? Are they closing ?
There are currently experiencing this thing called "night." Will the sun ever set again?  |
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Guys did you look at Huobi volume ? It dropped like 1000% ?
Anybody got news on that ? Are they closing ?
Chinese whispers. |
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I am seeing a pattern in these triangles, the angles are very telling on each, they point to $180. We are massively overvalued right now.
Actually, I've been working with some pretty reliable Fibonacci fans whose channels point to Bitstamp hitting $0.00 within the month. Plan accordingly. sweet i will be able to afford all the bitcoins! actuly wait no... i need like 0.0000   No you won't get them ALL, if you wait for them to drop to 0.0001$, because I'll buy 1 million of them at 0.001$, just to be able to claim that in 2014 I was a huge bitcoin whale. Such a story would be worth 1,000$, even if the bitcoins would be worth 0.0. Yes, very strong support in the ≤ $.01 range. Well shit, I'll have to revise my limit orders. |
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All Hail Karhu!  |
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I agree with proudhon. Bitcoin is in an epic bubble. When it finally pops, a lot of people are going to lose a lot of money
I agree it's in a bubble, but this bubble might well easily extend into the 100 billion (market cap) realm before the sentiment reverses … Just something to keep in mind. Also, in case you hadn't noticed, proudhon is being sarcastic. edit: Sorry for spoiling it.  blitz, u actually believe bitcoin is a bubble? Based on the mentality and community that has built around it, I sincerely do. Here is a thread that I liked on this subject. This doesn't help you a bit with trading it, however. It can go on for far longer and higher than any bear can stomach. Perhaps at its end, Krugman will laud it. |
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I agree with proudhon. Bitcoin is in an epic bubble. When it finally pops, a lot of people are going to lose a lot of money
I agree it's in a bubble, but this bubble might well easily extend into the 100 billion (market cap) realm before the sentiment reverses … Just something to keep in mind. Also, in case you hadn't noticed, proudhon is being sarcastic. edit: Sorry for spoiling it. |
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That's the point I'm trying to make. Overstock.com policy is 30 days. If BTC price goes down in 30 days, there are going to be people who will refund and rebuy. Will that be fraud or policy?
The price dropped, they aren't gaining any purchasing power. They can also just buy normally. Who the hell bothers for those amounts, and who will really want to return his product for that? Don't see it being a problem. |
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What is up with the sell off? It is not like the FBI is auctioning off the coins tomorrow. Plus there is some really good news out there today too with a major sports team taking BTC. Sometimes I just don't get it. Actually, I NEVER get it.  Yes, but they announced it. So now the price will reflect post-sale. Also new merchant is meh. They don't accept BTC as a currency. They only accept BTC as business. Yea it's good for BTC in general, but not good for the price. Hmm. I remember after the silk-road shut down announcement in Oct. there was a panic sell but then we proceeded to go on a run to the last ATH after that in November. So maybe this little panic sell off is a good sign? Well, I'm hoping for a huge panic sell off. :/ But looking at the new merchants accepting BTC, it looks like a mess dealing with refunds. Coinbase & Bitpay take no responsibility for BTC volatility and it's up to the merchant to figure it out themselves. I sense a lot of complaints in the future. It's not complicated. It will be handled like this; Do you agree to pay Overstock.com $100 You click yes you are agreeing to pay them $100 and your payment method is bitcoin Your $100 will be refunded via bitcoin, whether that equals 1B or 0.1B Bitcoin is not the currency but rather the method of transferring funds What if that's 10B and you only paid 1B? Do you see the problem now? I don't see a problem. They were paid in USD, so they can purchase the appropriate amount of Bitcoin without any problem. Where do you see a problem? |
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But looking at the new merchants accepting BTC, it looks like a mess dealing with refunds. Coinbase & Bitpay take no responsibility for BTC volatility and it's up to the merchant to figure it out themselves. I sense a lot of complaints in the future.
Could you elaborate or point me towards resources? I always thought they guarantee the merchants the USD value of their products, and that they take on the currency risk is the entire point of using them. Is that not true? edit: Never mind, I see it's about refunds. Well, why would a customer expect the Bitcoin nominal value back? The product is denominated in dirty fiat money, not Bitcoins. |
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Yes, because BTCChina has had a leading function, too. If Huobi is a reliable leading indicator for other exchanges, then it is probably real, but I haven't watched Huobi much in the past so I can't say.
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Since all action is following Huobi
If that is true, it would be indicative that their volume is real and they have just replaced BTCChina. Have you been watching it? |
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The Manipulator is upon us.
Here's another way of thinking about it: The more USD the FBI gets out of their sale, the more they will have for future operations.
If you don't want to support the FBI, then you know what you have to do.
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Would anyone be surprised by a whale driving down the price on exchanges to make an offer to FBI more appealing?
Brilliant thinking, as always from you. |
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Personally, I think we should be working together to create 10 more Huobis.
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Don't worry, the coins weren't moved yet. https://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqXYou can bookmark it. At bitcoinmonitor.net, you can even create an alert to be notified if something moves. Also, show the FBI your support in collapsing the price of Bitcoin and send them more coins. You will also be funding them, making more takedowns involving Bitcoin possible. |
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You have to understand that facts don't matter.
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