Rally!!!!!

[elux]

300 push denied. for now. meanwhile:



http://www.bbc.com/news/world-europe-33469259

[bitsat alien]

$294 now although I'm pretty surprised that almost half a day after a sudden $25-$30 upswing we haven't seen more of a retrace.

Western exchanges ONLY.

See attached pic:



No resistance to 300 in China. There's just those pesky ~4000 BTC on Finex. Eat those and we dine in hell.  

Yes! I can feel that this time it will truly skyrocket
Prepare to be part of the new elite gentlemen

[CEG5952]

300 push denied. for now. meanwhile:



http://www.bbc.com/news/world-europe-33469259

Well that's a news every bitcoin owner will be happy with. With another speculation of China pumping bitcoin, the price will really go beyond $300 by the end of the month and hopefully we'll hit $1000 again by the end of the year.

[goxed]

What's the inside scoop behind this mini rocket?

[BillyBobZorton]

This, on the other hand, has much more potential in creating an actual rally.

cheers

248$ and increasing,

we were at above 250 some day ago, i'm not satisfied at all, i'll begin to be excited when we touch 260-275 range at least

people get happy just because the price went up a few bucks. that's sad. i get excited once we're over the $300 level. any movements below $300 aren't worth waiting for.

Well you should be happy now, 310 barrier broken and going up without any signs of stopping

[Hyena]

people get happy just because the price went up a few bucks. that's sad. i get excited once we're over the $300 level. any movements below $300 aren't worth waiting for.

Well you should be happy now, 310 barrier broken and going up without any signs of stopping

Some people only see what's in front of their nose. That's really dumb but thanks to them people like me can take most of the profit. I saw this coming ever since the weekly parabolic SAR flipped the side 5 weeks ago and that's what made me happy.

[600watt]

november 13 rally was like this:
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the epic rally of 2015 will look like this:
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[Fatman3001]

Oh Yeah!!!

[randy8777]

people get happy just because the price went up a few bucks. that's sad. i get excited once we're over the $300 level. any movements below $300 aren't worth waiting for.

Well you should be happy now, 310 barrier broken and going up without any signs of stopping

Some people only see what's in front of their nose. That's really dumb but thanks to them people like me can take most of the profit. I saw this coming ever since the weekly parabolic SAR flipped the side 5 weeks ago and that's what made me happy.

if all people were pro traders there wouldn't be a market such as we have now. bitcoin currently feels less undervalued and due for another up movement this month.

[elux]

http://www.reuters.com/article/2015/07/16/eu-bitcoin-tax-idUSL5N0ZW3VF20150716

Bitcoin should be exempt from VAT

COPENHAGEN, JULY 16

Digital currencies like bitcoin should be exempt from value-added tax (VAT), the legal adviser to the European Union's highest court said on Thursday, in a case that could set a rule across the bloc.

Sweden has asked the European Court of Justice to give it guidance on the tax status of bitcoin, to end legal uncertainty over the unit that is not backed or controlled by any government or central bank.

The Luxembourg-based court, set up to make sure EU law is applied equally across member states, is still considering the application but often follows the advice of its advocates-general.

The business of exchanging bitcoin for other currencies counted as a transaction which was exempt from duty under EU VAT regulations, Advocate General Juliane Kokott wrote in her opinion.

Bitcoin-focused businesses welcomed her view, though the court has not said when it will reach a final decision.

"It puts all bitcoin businesses onto solid legal grounds and recognizes bitcoin as a legitimate medium of payment," Tim Rehder, chief executive of London-based bitcoin marketplace Cubits, told Reuters.

Sweden approached the court after David Hedqvist, a bitcoin web-forum moderator, asked for a ruling on the issue in Sweden because he wanted to start selling the digital currency.

"We're happy that the advocate general shares our assessment and we hope that the EU court will share it as well," Hedqvist's lawyer Fredrik Berndt told Reuters.

A few countries have brought in legislation covering bitcoin, but have taken different approaches.

Australia has said transactions are liable to its goods and services tax, while Britain has made them exempt from VAT.

(Reporting By Alexander Tange; Additional reporting by Jemima Kelly in London; Editing by Sabina Zawadzki and Andrew Heavens)

http://www.reuters.com/article/2015/07/16/eu-bitcoin-tax-idUSL5N0ZW3VF20150716

This is huge. Mostly because the alternative would be disastrous, but still. RALLY! 

[600watt]

no vat in europe is E X T R E M L Y  good news.

[ask]

no vat in europe is E X T R E M L Y  good news.

... and it is a roadmap for rest of the World.

[RodeoX]

no vat in europe is E X T R E M L Y  good news.

... and it is a roadmap for rest of the World.

Amen. I think this will have an impact if it passes. The good news just keeps coming. 

[Shiver]

If treating it as a currency, can you imagine if you converted between Euro and Dollar for a holiday or business trip and had to pay tax for the privilege of converting it to spend it?

If treating it as a commodity/Futures, what would the tax be compared to Wheat/Corn/Pork Bellies?

When I was a commodity trader in UK, my accountant told me I wouldn't be able to treat any losses as tax deductible, but profits would be taxable.  Nice...(not).

Maybe there is an angle for them on income tax, but that would be the only one, and really I think they should back off a little there as well since it's not government issued notes.

[Hyena]

no vat in europe is E X T R E M L Y  good news.

I think I will proceed with my bitcoin business then VAT was the only reason it was pointless to do it earlier because no one would buy +20% bitcoins if they could get it cheaper from bitstamp (without VAT) for example.

[elux]

Get ready for the next episode.

[rjclarke2000]

Get ready for the next episode.

Welcome back elux. Time to do your thing.

[Hyena]

Get ready for the next episode.

Approaching 300$ fast.

[randy8777]

Get ready for the next episode.

Approaching 300$ fast.

well, i really hope we can stay above $300 if we indeed go over that level. so far each attempt has been followed by a dump to $280-$290 range.

[elux]

ARISE! AND! RALLY!



full article:

http://www.etf.com/sections/features-and-news/bitcoins-now-available-etf-wrapper