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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
7/28 - 11 (9.1%)
8/4 - 16 (13.2%)
8/11 - 7 (5.8%)
8/18 - 6 (5%)
8/25 - 8 (6.6%)
After August - 72 (59.5%)
Total Voters: 121

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26484113 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
Wary
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September 08, 2015, 10:06:56 AM

Bitcoin has already been classfied as VAT exempt in multiple tax jurisdictions , don't go expecting anyone to classify it as a VATable.
In Australia bitcoin is currently VATable. Sad New Zealand haven't decided yet, but it often follows their Aussie neighbor.

I believe that's no longer correct. (I think it may have changed fairly recently, to be fair - I seem to remember Australia being fairly hostile to Bitcoin until recently, and it may well have been subject to GST/VAT in the past).
Their previous position was: bitcoin is not money, but goods, therefore exchanges have to pay GST(=VAT) as on goods, i.e. 10% of sales volume. If I understand the text of your link correctly, now exchanges have to pay these 10% not on sales volume, but on profit only. Which is very good news indeed.
findftp
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September 08, 2015, 10:08:16 AM

What's driving this rally?
Greed, supply and demand.
coinpr0n
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September 08, 2015, 10:28:41 AM

What's driving this rally?
Greed, supply and demand.

Agreed. It looks like (for now) Bitcoin is following the markets - perhaps a surprising thing, but it's been doing so lately. Futures are on the rise today also. Relation?
ChartBuddy
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September 08, 2015, 11:02:13 AM

Coin
Explanation
findftp
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September 08, 2015, 11:02:29 AM

What's driving this rally?
Greed, supply and demand.

Agreed. It looks like (for now) Bitcoin is following the markets - perhaps a surprising thing, but it's been doing so lately. Futures are on the rise today also. Relation?

Of course. You should know by now that bitcoin is going to save the world from total collapse.

ChartBuddy
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September 08, 2015, 12:02:23 PM

Coin
Explanation
rjclarke2000
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September 08, 2015, 12:33:53 PM

Still waiting for double digit, smell like broke  Tongue




Still one of my favourites^^

Ha ha
rjclarke2000
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September 08, 2015, 12:34:58 PM

Come on $300. You really are taking your time.
ChartBuddy
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September 08, 2015, 01:02:51 PM

Coin
Explanation
ChartBuddy
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September 08, 2015, 02:02:50 PM

Coin
Explanation
abercrombie
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September 08, 2015, 02:25:32 PM

are we rich yet??   Huh
 
Elwar
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September 08, 2015, 02:28:11 PM

Moscow Exchange stops trading on all markets

You guys in Russia should trade Bitcoin instead.

Ruble exchange hacked?

Is this the end of the Ruble?

hdbuck
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September 08, 2015, 02:40:38 PM

Moscow Exchange stops trading on all markets

You guys in Russia should trade Bitcoin instead.

Ruble exchange hacked?

Is this the end of the Ruble?





Nothing to comment, already relaunched.

some ol reuters fud..
kromtar
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September 08, 2015, 02:54:53 PM

Nothing to comment, already relaunched.

some ol reuters fud..

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September 08, 2015, 03:02:33 PM

Coin
Explanation
aztecminer
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September 08, 2015, 03:40:35 PM

fud bitcoin...  i dont need no bitcoins...... i going to the beach... better things to do then worry about bitcoin. #goals #priorities
Torque
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September 08, 2015, 03:42:15 PM
Last edit: September 08, 2015, 03:59:38 PM by Torque


Mt Gox Bitstamp NYSE China, is that you?
ChartBuddy
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September 08, 2015, 04:03:13 PM

Coin
Explanation
spooderman
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September 08, 2015, 04:48:45 PM

hashtagging in here? really?
billyjoeallen
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September 08, 2015, 04:53:19 PM

The dollar weakened, so assets denominated in dollars went up, all things else being equal.  

Fundamental issues as I see them:

1. Bitcoin is a poor unit of account because it is too volatile (although this is decreasing)
2. Bitcoin is a poor medium of exchange (network capacity of 7 TPS is far too low)
3. Bitcoin is a poor store of value (not enough liquidity to be an easily marketable commodity)

This seems strange considering Bitcoin's properties of being recognizable, transportable, fungible, divisible, and scarce.  

It seems to me that the most likely path to mainstream adoption would be through microtransactions, when a unit of account need not be closely correlated with store-of-value, but of course nobody wants to invest in microtransaction applications with the network capacity/block size limit uncertainty.  It's impossible to build a business model based on an unknown fee structure.  


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