None of this explains why Bitstamp, CampBX and btc-e all recorded the same magnitude jump simultaneously
Yes it does. Those are FOOLISH attempts at arbing. That crap is temporary and will come to an end soon. They will regret trying to arb Why is it foolish? Are you unaware of Gox's problems? I'm holding some coins right now, but I'm not feeling too good about it. Trying to figure out exit points... I don't think this price can be propped up for too long. No way I'm selling on Gox, though, even if I can take 12% profit right off the top. |
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The CRA told the CBC there are two separate tax rules that apply to the electronic currency, depending on whether they are used as money to buy things or if they were merely bought and sold for speculative purposes.
"Barter transaction rules apply where BitCoins are used to purchase goods or services," Canada Revenue Agency spokesman Philippe Brideau said in an email.
move to canada. So that's not taxable? In the US, gains on barter transactions are taxable based on market value, unfortunately.  ya its taxable, here too, no one actually decaires barter tx on their income taxes tho... not sure if its income tax or VAT tax, steal your money because we can tax, idk... Yeah, agreed, I would never think to declare gains on barter ordinarily. I'm more just thinking in the context of bitcoins, with sizable gains. Tax man makes me nervous.  |
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The CRA told the CBC there are two separate tax rules that apply to the electronic currency, depending on whether they are used as money to buy things or if they were merely bought and sold for speculative purposes.
"Barter transaction rules apply where BitCoins are used to purchase goods or services," Canada Revenue Agency spokesman Philippe Brideau said in an email.
move to canada. So that's not taxable? In the US, gains on barter transactions are taxable based on market value, unfortunately. |
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Bitcoins were worth $10 back then. Now $130...... again, priced in.
Could you give some examples? Things that are significant now for price movement, that weren't a week ago, or 2 months ago, for instance?
you can pay your rent in bitcoin now
No, I can't. My landlord doesn't accept bitcoins. I suppose I could work with some no-name company like billpayforcoins to send a company check to my landlord through Bitpay (what % cut they take TBD)... but I can also just convert to fiat and pay myself. So why would I do that?
I could have done that several months ago, too, in the midst of the last downtrend.
or use this old service that now allows bitcoin payments, IF your landloard uses this old service, http://www.prweb.com/releases/2013/8/prweb11063422.htmbecause if you spend it you don't pay capital gains tax. can't pay capital gains tax without any capital gains The idea is cool, unfortunately never heard of them. Still, same deal. Pay through Bitpay and and eat fees. Re taxes, do you have a legal basis for saying that, or are you just playing with words? I don't think I agree, and anyone considering that route should have a sitdown with a good attorney. The term "fair market value" comes to mind in re to US tax code. Don't know about Canada, but again..... tax attorney. Specifically, Section 988 of IRC seems to account for a "gain from the sale or other disposition of property" which is a taxable event. |
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Yes, I am expecting the current trend to continue to 180 and maybe even to a new ATH.
The news surrounding bitcoin is unprecedented, and the fact that most speculators are not speculating on these new developments, and instead pretending that everyone will suddenly lose confidence and sell it down to new lows, is kinda weird...
I understand that 2011's bubble deflated much futured down, but thats because everyone lost confidence and sold, this is clearly not going to happen today, the only thing that can save you bears is if some retarded whale starts dumping coins in a panic as another country declares bitcoin legal tender.
News = whatever. Nothing unprecedented. And it's priced in. By the same token, it's quite clear looking at the chart that one could say the same about whale buyers. Without these intermittent whale buys, there is no volume to be seen. lol, this is exactly what i'm talking about. the bubble started with news of wordpress, and now the news we've been seeing these days is viewed as Nothing Special. WEIRD! Bitcoins were worth $10 back then. Now $130...... again, priced in. Could you give some examples? Things that are significant now for price movement, that weren't a week ago, or 2 months ago, for instance? you can pay your rent in bitcoin now No, I can't. My landlord doesn't accept bitcoins. I suppose I could work with some no-name company like billpayforcoins to send a company check to my landlord through Bitpay (what % cut they take TBD)... but I can also just convert to fiat and pay myself. So why would I do that? I could have done that several months ago, too, in the midst of the last downtrend. |
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Chartbuddy is one reason the MtGox hardcore wall thread is my default thread at Bitcointalk, especially since he reduced his charts to thumbnails.
Chartbuddy's wonderful graphically clear charts are right up there behind i286, CM, and Bitcoincharts for demonstrating what's happening to noobs and other laymen.
Good luck with this thread, though. The more options the better.
Personally, I find pompous self-important TA charts to be more annoying.
To each his own, I guess. TA is at least interesting. I think the importance people place on walls is way overblown. I just like the wall thread for the chatter. |
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Yes, I am expecting the current trend to continue to 180 and maybe even to a new ATH.
The news surrounding bitcoin is unprecedented, and the fact that most speculators are not speculating on these new developments, and instead pretending that everyone will suddenly lose confidence and sell it down to new lows, is kinda weird...
I understand that 2011's bubble deflated much futured down, but thats because everyone lost confidence and sold, this is clearly not going to happen today, the only thing that can save you bears is if some retarded whale starts dumping coins in a panic as another country declares bitcoin legal tender.
News = whatever. Nothing unprecedented. And it's priced in. By the same token, it's quite clear looking at the chart that one could say the same about whale buyers. Without these intermittent whale buys, there is no volume to be seen. lol, this is exactly what i'm talking about. the bubble started with news of wordpress, and now the news we've been seeing these days is viewed as Nothing Special. WEIRD! Bitcoins were worth $10 back then. Now $130...... again, priced in. Could you give some examples? Things that are significant now for price movement, that weren't a week ago, or 2 months ago, for instance? |
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Yes, I am expecting the current trend to continue to 180 and maybe even to a new ATH.
The news surrounding bitcoin is unprecedented, and the fact that most speculators are not speculating on these new developments, and instead pretending that everyone will suddenly lose confidence and sell it down to new lows, is kinda weird...
I understand that 2011's bubble deflated much futured down, but thats because everyone lost confidence and sold, this is clearly not going to happen today, the only thing that can save you bears is if some retarded whale starts dumping coins in a panic as another country declares bitcoin legal tender.
News = whatever. Nothing unprecedented. And it's priced in. By the same token, it's quite clear looking at the chart that one could say the same about whale buyers. Without these intermittent whale buys, there is no volume to be seen. |
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Run it up on Sdice and replenish my stash on SR
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Why is the burden squarely on the bears? What is the basis for your position, OP?
In the context of fiat sucking so badly that only a retard would think that it would last indefinitely, when something as revolutionary as Bitcoin appears it is incumbent on those who claim that Bitcoin will not do well to explain why. So, everyone besides you, and those who agree with you, is a retard. That's a really compelling argument for why you don't have to explain yourself.  Because robbing and raping the shit out of people is so honest and noble if you're a keynesian asswipe.
Let me guess. You're some rothbardian asswipe?  |
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Why is the burden squarely on the bears? What is the basis for your position, OP?
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AND ShroomsKit, RELAX!
This.....geez. |
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This stuff is pure gold!  |
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They don't need to cash out, but instead use coins to purchase whatever. At $1000 means shit tons of merchants.
1000$ is only 10 times more than now. And there is nowhere in my city where you can spend bitcoins. So let's assume that at 1000$ there will be 10 businesses that accept bitcoins in my city... I'd not call that "shit tons". I have to agree here, as much as I like Bitcoin. I would still prefer to have my Bitcoin changed into cash. It's easier for day to day use. Have you actually bought something with bitcoins? For me bitcoin wins in the usability aspect by a large margin. I hate to use online banking, and I hate use my cards. Online banking is an obsolete technology causing headaches every single time (Running a business I use 6 different banks). As for the cards, 2 of my cards have been copied at some merchants in Germany and in the netherlands causing me 1500eur temporary loss and a lot of frustration. As for paypal, they held my money without reason and willingness to resolve the issue. After 6 months, they have released it. Thinking of how much money they can use for 6 months for free is mind boggling. Bitcoin is the perfect payment system for purchasing anything, for both the seller and customer in my opinion. +1 Let's see here.... use a credit card where you have to give the merchant enough information to charge you up to your credit limit and/or steal your identity..... Or use bitcoin, where you authorize exactly the amount you want to send and the merchant can not do anything to cause you harm (unless you also voluntarily give up your address, but bitcoin gives you that choice). Using a credit card doesn't give someone enough information to steal your identity. I agree with the sentiment, but that is ridiculous. And there are fairly strong incentives for merchants not to openly fuck customers. If all merchants didn't go through Bitpay, I'd feel a lot better. But Bitpay is incompetent and their system is shite / dealing with them is a nightmare. I am unwilling to deal with them for any significant sum of money. Now if only I could get someone to take bitcoin for something I need... |
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Paul SHOULD be the president next but WON'T be without being assassinated or votes manipulated just because he stands for the right things. Just like all the other presidents of the countries who didn't like to cooperate with US corporations to create US monopolies long term in different sectors.
Perhaps. Or perhaps he is a batshit crazy lunatic..... |
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Is this going to happen soon?
Not gonna happen.  |
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PROMO ACTION: FREE CHIPS GIVEAWAYStarted promo action: Register at Caesarbit.EU today and get 10 free chips (0.01 BTC)!Requirements: * You have to register with this link: https://caesarbit.eu/go/promo* You have to be a forum member with 50+ posts or registered prior to Aug 2013 * Each forum member gets free chips only once * You should post your caesarbit login in this topic * I reserve a right to decline bonus request by own considerations Did someone say free chips? Login: ub5mciemhha Thanks!  |
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Errors all day here! "Please try again in a few minutes" |
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I still think 125 is the top here, mid-term. I can see a small bounce at 100-105 support before staying sub-100 (Gox) for a while. I think 88-89, maybe 78-80 will be where I try to catch a bounce, but it's too early to tell. (I also think that there is a good chance we'll revisit sub-65 levels eventually.)  |
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Ron Paul says the government should stay out of stuff. There's a surprise.
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