Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[fr33d0miz3r]

for TA to work its important that many will look at charts and based their trades to those charts, ta is self fulfilling shit so its important to keep it KISS

ROFL

[kurious]

Audi's where shit in the 80's? The FUD in this thread's bad but it reached new heights there. 80's group B cars where the most ball out cars ever, and the group B car with the biggest balls was the quattro. Audi took BMW's crown as the favourite car of assholes in recent years but they've lead tech race many times too. Putting a British built ball of shite in the same class as a Niva gets the fudometer jumping too, Chelsea tractors don't even come close to solid Russian engineering for dependability (just cut the crap and get a Unimog ). Goat, put studded tires on that thing and scare the crap out of yourself

Oh yeah, it went up and down. Looks like something nasty in the works for tomorrow imho but I'm a certified tinfoil hat wearer, looks like there's been diminishing returns on panic induction so maybe they given up on the smash and grabs for now.

I bought a Quattro in the 80s and it was one the most gloriously fun and fast cars I ever had.  It held the road like nothing else around at the time and it took me three months to get used to it, I always felt it would not hold bends that it actually could.

And it used to talk to me - had a voice warning system - which was like something out of that Hasslehof Kight Rider thing - awesome car. still miss it....

I drive a much more boring car now, but will treat myself from Bitcoin's rise at some point.  Hope that doesn't take too long, already dream of graphs, I will be blind in another year at this rate, or at least partly crazy...

Merry Christmas all, BTW - and special wishes to Goat and his family for showing us a little happiness is possible through being nerdy crypto-loving geeks.

[tutkarz]

logarithmic scale is not widely used, its not so important, but neither is gox

I dont care about wide or not wide usage of logscale. And the market don't care about your usage or not usage of a logscale.
It just works. You should use a logscale if the price fluctuates like this. That's all.

for TA to work its important that many will look at charts and based their trades to those charts, TA is self fulfilling shit so its important to keep it KISS

and many don't follow TA and it is what I really like about bitcoin price. Because you still have 33% chances now that we will simply go sideways for some days. (and 33% for up 33% for down).

[gandhibt]

logarithmic scale is not widely used, its not so important, but neither is gox

I dont care about wide or not wide usage of logscale. And the market don't care about your usage or not usage of a logscale.
It just works. You should use a logscale if the price fluctuates like this. That's all.

for TA to work its important that many will look at charts and based their trades to those charts, TA is self fulfilling shit so its important to keep it KISS

and many don't follow TA and it is what I really like about bitcoin price. Because you still have 33% chances now that we will simply go sideways for some days. (and 33% for up 33% for down).

masses follow trend, probabilities are not even, there're factors that weight on the scale

[gotmilk_]

Slovenia releases a statement   Actually good news.

http://www.reddit.com/r/Bitcoin/comments/1tlr02/slovenia_releases_a_statement_about_taxing_of/

Also offical statement (in Slovene).
http://www.durs.gov.si/si/davki_predpisi_in_pojasnila/dohodnina_pojasnila/dohodek_iz_kapitala/dobicek_iz_kapitala/vrednostni_papirji_in_delezi_v_gospodarskih_druzbah_zadrugah_in_drugih_oblikah_organiziranja_ter_investicijski_kuponi/davcna_obravnava_poslovanja_z_virtualno_valuto_po_zdoh_2_in_zddpo_2/

[gandhibt]

here's a beautiful clip from those 80's b-car times

http://www.youtube.com/watch?v=-PZ5J3GLSYI

[kurious]

here's a beautiful clip from those 80's b-car times

http://www.youtube.com/watch?v=-PZ5J3GLSYI

That is pretty amazing - one of those 'one slip and you're dead' drives.

I took a car and drove all round Iceland this summer and I shat myself on some of the gravel covered hairpin mountain roads.

Bum-clenching 'don't look down' moments a-plenty - but not at rally speeds like in that vid. I am a pussy and I quite like life!

[kurious]

Looking a little bearish - you still got fiat, Ghandibt?

I have been 'hodling' a bit of fiat since before the weekend - only half a dozen BTC-worth at current price, but still have buys set sub-600 down to 500....

Am still thinking I might be able to make a coin or two...

[ChartBuddy]

[fr33d0miz3r]

Balu is coming

[gandhibt]

Looking a little bearish - you still got fiat, Ghandibt?

I have been 'hodling' a bit of fiat since before the weekend - only half a dozen BTC-worth at current price, but still have buys set sub-600 down to 500....

Am still thinking I might be able to make a coin or two...

im 50/50

[kurious]

Audi in action - the crowds don't give a shit - lining the roads.... 

Great car though

http://www.youtube.com/watch?v=7AQmgeMoM0A

[mmitech]

Slovenia releases a statement   Actually good news.

http://www.reddit.com/r/Bitcoin/comments/1tlr02/slovenia_releases_a_statement_about_taxing_of/

Also offical statement (in Slovene).
deleted

this is something new, although i called DURS Kranj sometime ago (when the price was at 100 and I wanted cash some of my profits) and the lady already knew about bitcoin, in fact when I told her that the price was around 100 she was really surprised she told me that she remember when it was $1 and she asked me why the price went up.

long story short at the time she said there is no regulation around Bitcoin from Slovene government and she told me if I cash out I wont pay any taxes I just have to prove the source of my funds, then I asked her what if I did mine some of my bitcoins she asked me what was mining and I explained to her how the bitcoins are generated so she replied with a very interesting answer.

this was the answer:
a- "so miners are doing an effort and they get Bitcoins as compensation for their work, which they can sell for cash to cover their bills and take some profit" this from a legal point of view is undeclared work wich is illegal and the miners have to pay a fine for it and pay taxes for the income.

b- you invest some cash into Bitcoin (buy) than you daily trade or simple hold and after sometime you make a profit that you would like to cash out in this case you do not have to pay taxes because in a similar case when buying Dollars with euros or euros with Yuan or gold for Euros ....  if the price of dollars against Euros goes up and you decide to convert back to euros you do not have to pay taxes for the profit you made.


c- if you are a merchant accepting bitcoin as a payment method, you will be taxed the same way as you do with fiat, the taxes would be based on bitcoin price at the time of the deal/service.


Slovenia for the first time have a clear statement about bitcoin, this is a real open minded statement from the government and I understand it as an endorsement and I think it helps the bitcoin economy.

[seljo]

Slovenia releases a statement   Actually good news.

http://www.reddit.com/r/Bitcoin/comments/1tlr02/slovenia_releases_a_statement_about_taxing_of/

Also offical statement (in Slovene).
http://www.durs.gov.si/si/davki_predpisi_in_pojasnila/dohodnina_pojasnila/dohodek_iz_kapitala/dobicek_iz_kapitala/vrednostni_papirji_in_delezi_v_gospodarskih_druzbah_zadrugah_in_drugih_oblikah_organiziranja_ter_investicijski_kuponi/davcna_obravnava_poslovanja_z_virtualno_valuto_po_zdoh_2_in_zddpo_2/

Traditionaly it is not good news when you mix slovenia and banking just go to wikipedia and search for Ljubljanska Banka and what they did when business went bad. 150000 customers were shaved like in the sheep market recently, and that was not some tor hidden drug market but a bank.

[gandhibt]

those ppl hopping on the road are just crazy wonder are many died in at there?

[seljo]

here's a beautiful clip from those 80's b-car times

http://www.youtube.com/watch?v=-PZ5J3GLSYI

Sweet As elegant as late 60's F1 and it probably took even more guts. 80's F1 was mad stuff too, Renault had over 1100bhp and where using second hand road car engine blocks to do it and the Peugeot in that clip is getting a similar output from a road car block. Take the power figures for group B with a pinch of salt too, they where all lying through their teeth about output figures (it was traditional, mini coopers where near double the official 69bhp). Another family friend in Dubai drove/navigated for Lancia, the Delta's where putting out over 1000bhp at that stage and they where caught a few times with extinguishers full of nitrous plumbed in to boost that figure.

Peugeot 405 T16 they made only 200 road legal cars just so they could compete with it. Friend of mine owns 3 of those. 4x4 280 hp with overboost, crazy cars!

[igi00]

Slovenia releases a statement  Actually good news.

http://www.reddit.com/r/Bitcoin/comments/1tlr02/slovenia_releases_a_statement_about_taxing_of/

Also offical statement (in Slovene).
http://www.durs.gov.si/si/davki_predpisi_in_pojasnila/dohodnina_pojasnila/dohodek_iz_kapitala/dobicek_iz_kapitala/vrednostni_papirji_in_delezi_v_gospodarskih_druzbah_zadrugah_in_drugih_oblikah_organiziranja_ter_investicijski_kuponi/davcna_obravnava_poslovanja_z_virtualno_valuto_po_zdoh_2_in_zddpo_2/

Wow good news indeed. As I understand no taxes for buying or selling bitcoins. Taxes are applied only for profit from mining or seling stuff for bitcoin.

edit: didn't see it, mmitech had nice summary already written

[gizmoh]

India is a no go :

http://www.thehindu.com/business/Economy/rbi-warns-against-bitcoin-use-in-india/article5497653.ece

[mellowyellow]

Can you belt up about cars please, start your own thread, this one is long winded enough.

[wachtwoord]

Slovenia releases a statement   Actually good news.

http://www.reddit.com/r/Bitcoin/comments/1tlr02/slovenia_releases_a_statement_about_taxing_of/

Also offical statement (in Slovene).
deleted

this is something new, although i called DURS Kranj sometime ago (when the price was at 100 and I wanted cash some of my profits) and the lady already knew about bitcoin, in fact when I told her that the price was around 100 she was really surprised she told me that she remember when it was $1 and she asked me why the price went up.

long story short at the time she said there is no regulation around Bitcoin from Slovene government and she told me if I cash out I wont pay any taxes I just have to prove the source of my funds, then I asked her what if I did mine some of my bitcoins she asked me what was mining and I explained to her how the bitcoins are generated so she replied with a very interesting answer.

this was the answer:
a- "so miners are doing an effort and they get Bitcoins as compensation for their work, which they can sell for cash to cover their bills and take some profit" this from a legal point of view is undeclared work wich is illegal and the miners have to pay a fine for it and pay taxes for the income.

b- you invest some cash into Bitcoin (buy) than you daily trade or simple hold and after sometime you make a profit that you would like to cash out in this case you do not have to pay taxes because in a similar case when buying Dollars with euros or euros with Yuan or gold for Euros ....  if the price of dollars against Euros goes up and you decide to convert back to euros you do not have to pay taxes for the profit you made.


c- if you are a merchant accepting bitcoin as a payment method, you will be taxed the same way as you do with fiat, the taxes would be based on bitcoin price at the time of the deal/service.


Slovenia for the first time have a clear statement about bitcoin, this is a real open minded statement from the government and I understand it as an endorsement and I think it helps the bitcoin economy.

Another country to my options list. Slovenia is beautiful too, I have been there a couple of time