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Question: What happens first:
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26406887 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.)
gizmoh
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December 26, 2013, 06:06:47 PM
 #68761

How do you know how much Fiat is on Gox?

you only know how much it is in the orderbook and it's $42+ million right now.

no it is more than 52 million dollar, and it is increasing constantly....



i286 orderbook is showing total for 3 exchanges and not only mtgox.
This is the correct info for Gox:

fotosonics
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December 26, 2013, 06:07:27 PM
 #68762

Can we please do the rally thing AFTER January 1st (like the previous years)? That's so much better tax wise for me (reference date is January 1st) ...

+1

I am not in a country which requires me to pay taxes on BTC but I get some more $ on the 1st which I can invest again. Hopefully will be able to get 5 more coins.
JimboToronto
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December 26, 2013, 06:09:12 PM
 #68763

Can we please do the rally thing AFTER January 1st (like the previous years)? That's so much better tax wise for me (reference date is January 1st) ...

People pay taxes for bitcoin gains?
The rest of the world is weird!

No, I'm required to pay taxes based on net worth yearly. The Dutch system is based on a hypothetical 4% yield on all your assets taxed at 30% (so effectively you pay 1.2% of your net assets yearly).

Luckily here in Canada Bitcoin is still not considered currency and we're taxed on income and capital gains, not net worth, so no taxes are due until you sell.

It's an extra motivation to hold (oops, I mean hoadr!)
Richy_T
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December 26, 2013, 06:09:53 PM
 #68764

Can we please do the rally thing AFTER January 1st (like the previous years)? That's so much better tax wise for me (reference date is January 1st) ...

People pay taxes for bitcoin gains?
The rest of the world is weird!

No, I'm required to pay taxes based on net worth yearly. The Dutch system is based on a hypothetical 4% yield on all your assets taxed at 30% (so effectively you pay 1.2% of your net assets yearly).

That's a real WTF right there. I hate all kinds of property tax but that is just crazy.
niothor
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December 26, 2013, 06:11:33 PM
 #68765

Can we please do the rally thing AFTER January 1st (like the previous years)? That's so much better tax wise for me (reference date is January 1st) ...

People pay taxes for bitcoin gains?
The rest of the world is weird!

No, I'm required to pay taxes based on net worth yearly. The Dutch system is based on a hypothetical 4% yield on all your assets taxed at 30% (so effectively you pay 1.2% of your net assets yearly).

That's a real WTF right there. I hate all kinds of property tax but that is just crazy.

So is not just my whiskey who considered this strange and wrong.
Richy_T
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December 26, 2013, 06:13:21 PM
 #68766

If my net worth grows too much I'm going to have to move to Belgium or Germany or something.

Bitcoin Island.
niothor
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December 26, 2013, 06:14:58 PM
 #68767

Can we please do the rally thing AFTER January 1st (like the previous years)? That's so much better tax wise for me (reference date is January 1st) ...

People pay taxes for bitcoin gains?
The rest of the world is weird!

No, I'm required to pay taxes based on net worth yearly. The Dutch system is based on a hypothetical 4% yield on all your assets taxed at 30% (so effectively you pay 1.2% of your net assets yearly).

And you people actually pay that? =)))
As a fellow EU citizen ,I must say that your system sucks.

edit... 1.2% of all your assets ,like including everything you own? house cars etc?


Things you use are excluded (house and car) but I don't own those.

I have always been good and paid the tax on net assets, but because the system runs a year behind I've never actually had to pay taxes on Bitcoin yet (the value of what I had Jan 1st 2012 was negligible). When paying taxes for 2013 (in the beginning of next year) is the first time I'll need to include my assets on January 1st 2013. I'm planning on doing that. If I don't I'm evading taxes which is a crime.

If my net worth grows too much I'm going to have to move to Belgium or Germany or something.

Ok , that got me scared for a moment.
I mean , to pay each year 1.2% the value of my house would ruin me.

Net assets , eh , I would be able to deal with them , but fortunately enough eastern europe has it's own way of paying taxes.
Syke
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December 26, 2013, 06:18:48 PM
 #68768

If my net worth grows too much I'm going to have to move to Belgium or Germany or something.

You're not the only one.

http://en.wikipedia.org/wiki/Wealth_tax#Existing_net_wealth.2Fworth_taxes

spooderman
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December 26, 2013, 06:28:59 PM
 #68769

Oh my god? U serious? Ask depth fallen off a cliff.
adamstgBit
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December 26, 2013, 06:30:54 PM
 #68770

Oh my god? U serious? Ask depth fallen off a cliff.

something's up someone knows something we don't.
Sitarow
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December 26, 2013, 06:35:48 PM
 #68771

Walsoraj
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December 26, 2013, 06:40:03 PM
 #68772

Oh my god? U serious? Ask depth fallen off a cliff.

something's up someone knows something we don't.

Any reports from China about restrictions on fiat withdrawals? That could cause panic btc buys.

*edit*

Check source carefully. We will probably see some fake reports before actual restrictions, if they even happen.
spooderman
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December 26, 2013, 06:45:55 PM
 #68773

Oh my god? U serious? Ask depth fallen off a cliff.

something's up someone knows something we don't.

Actually, given that it has stayed the same on i286, but plummeted on blockchained must mean that someone moved all their coins from gox to another exchange.....that means.... PMG11! SLEE ALL TEH CIONS

edit: this is genuinely a reasonable conclusion.
Richy_T
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December 26, 2013, 06:46:54 PM
 #68774

India news is bullish IMO.
niothor
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December 26, 2013, 06:47:42 PM
 #68775

India news is bullish IMO.

No , please , no!
Not another China madness.
molecular
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December 26, 2013, 06:48:58 PM
 #68776

Oh my god? U serious? Ask depth fallen off a cliff.

coins have been bought, so off the book they are.
QuestionAuthority
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December 26, 2013, 06:54:05 PM
 #68777

Oh my god? U serious? Ask depth fallen off a cliff.

coins have been bought, so off the book they are.

You sound like yoda. So off the book they are, yes.
anon2301
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December 26, 2013, 06:55:00 PM
 #68778

http://www.coindesk.com/indian-bitcoin-exchanges-suspend-operations-following-rbi-warning

India is the second-most populous country with over 1.2 billion people. SELL! SELL! SELL!
spooderman
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December 26, 2013, 06:55:16 PM
 #68779

Oh my god? U serious? Ask depth fallen off a cliff.

coins have been bought, so off the book they are.

You sound like yoda. So off the book they are, yes.

Except, they are still on i286, which to me makes me think they've moved to another exchange.
wachtwoord
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December 26, 2013, 06:55:47 PM
 #68780

Oh my god? U serious? Ask depth fallen off a cliff.

coins have been bought, so off the book they are.

You sound like yoda. So off the book they are, yes.

Hodl now do!
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