And now - the sucker's rally

[Isokivi]

A ruling by Estonian tax authorities TODAY, so a hot new info:
- Bitcoins are not subject to VAT in Estonia

As you combine this with the little-known secret:
- Estonian corporate tax is 0%, the lowest in EU

Now this is interesting, could you possibly link material to read up on the actual ruling ?

[rpietila]

A ruling by Estonian tax authorities TODAY, so a hot new info:
- Bitcoins are not subject to VAT in Estonia

As you combine this with the little-known secret:
- Estonian corporate tax is 0%, the lowest in EU

Now this is interesting, could you possibly link material to read up on the actual ruling ?

Of course not. Welcome to Estonia, the Byzant of the North. 

[Thracian]

Don't have a clue about Estonia, just found on wikipedia

Estonia: Corporations/legal persons income tax.
Legal persons income tax rate is 21% in the year 2012. However, the system of corporate earnings taxation currently in force in Estonia is a unique system, which shifts the moment of corporate taxation from the moment of earning the profits to the moment of their distribution. In other words, earning profits in itself does not bring income tax liability, which arises only when earned profit is distributed to shareholders. In case profit distributed to shareholders originates from dividends received from subsidiary company or from permanent establishment corporation has in other country, then profit distribution is tax exempt. Estonia does not have withholding tax on dividends paid.

AFAIK lower corp. taxes in EU are

Bulgaria 10%
Cyprus 10% (will be 12.5 soon)
Ireland 12.5%

A ruling by Estonian tax authorities TODAY, so a hot new info:
- Bitcoins are not subject to VAT in Estonia

As you combine this with the little-known secret:
- Estonian corporate tax is 0%, the lowest in EU

Now this is interesting, could you possibly link material to read up on the actual ruling ?

[Dr3AM$cAp3]

The "crash" looks like a minor speed bump  when you zoom out a bit:

http://bitcoincharts.com/charts/mtgoxUSD#igWeeklyztgSzm1g10zm2g25zl

I would say zoom out a little bit, think about months/years not days, and you will see that we could very well still be at A. This is still very early adopter stage, as we are talking about a global techology with possibly huge adoption potential.

Just compare this with apple and the iOS tsunami for example. Are we at the stage where everyone and their mother has BTC, everyone talks about it to death, all hedge funds invest in it and guarantee unlimited growth (we're past this for AAPL and price has now crashed)? Or are we still at a stage where people discover this, journalists still scrambling to understand it, most of your friends don't know about it, and very few mothers own BTC? If you think about all the money in circulation globally, and a 'market share' for BTC, I am guessing we are well under 1%, probably a few decimals from that? Certainly a lot less that when apple market share when stock was trading at $15.

Of course BTC is a game changer, the first global currency, so hard to compare with a generic chart which probably applied to pets.com and other high branding-low innovation startups.

Of course this is really speculation land, no one can predict world events that could really alter the price, or whether big money (hedge funds etc) will decide to get on board or fight this to the ground.

THIS!!!

I like these thoughts.

[johnyj]

A universal answer to such kind of chart is a quesion: Where are we now in the following chart?



It is meaningless to discuss the chart without understanding underlying fundamentals

[ElectricMucus]

A universal answer to such kind of chart is a quesion: Where are we now in the following chart?



It is meaningless to discuss the chart without understanding underlying fundamentals

And how is that related to the valuation of bitcoin?

[johnyj]

Just noticed that the bid size has reached an all time high of 20 million USD Seems lots of buyers are waiting for sell orders from peoples who have similar opinion as OP

[jerkoff]

People should give Clinton more credit, in the middle of rapidly rising debt, his second term actually was in the black and didn't raise the deficit at all. Then Bush Jr. came along and blew it all to hell.

The question is, is it bad ? Now that they can borrow against 0% interest, it's not as bad as when you got 10% on short term bills.

[molecular]

Guys,

Everything is by the book....

Here's the book



And here's where we are



It could stop here or at 150, 160, 185, 220...

But then it shall drop and shall become under-valued for a while - let's say 10$ ??

GotBitCoins

your count is definitely wrong. In the book, A is way below C. In your interpretation, A is way above C.

[justusranvier]

People should give Clinton more credit, in the middle of rapidly rising debt, his second term actually was in the black and didn't raise the deficit at all.

Go to treasurydirect.gov and view the "Debt to the Penny" data series. Look at the column called "Total Public Debt Outstanding" and see what actually happened to the debt. You can even plot it in Excel if you want, it will help make what actually happened a lot more clear.

[thezerg]

The question is can you find another chart that looks like you are sitting at C/D, but went on to rocket to new highs?

Answer:  Easily, I found one on my first try:
https://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1243627200000&chddm=1079144&chls=IntervalBasedLine&q=NASDAQ:AAPL&ntsp=0&ei=zK9xUaDIHIielwPCcw

[kokojie]

So, looks like "return to the mean" currently?

[Geddi]

I love charts

[GotBitCoins]

So, looks like "return to the mean" currently?

no, no - you have to feel the despair first... go to this forum posts in Oct/Nov 2011, that sort of thing! Then after you can feel and hear the despair a new bull can emerge - OR NOT! But you don't have that kind of patience now don't ya? you want fast money! you wanna be rich - yes, so why don't you buy into this sucker's rally? Eventually - you will make money - OR NOT!


GotBitCoins

[BitPirate]

You don't "have" to feel anything. The price is set by international demand, not fucking forum sentiment.

Maybe we are at A. Maybe we are nowhere at all since BTC gyrates more than a coked up belly dancer at a bull rodeo anyway.

[GotBitCoins]

The question is can you find another chart that looks like you are sitting at C/D, but went on to rocket to new highs?

Answer:  Easily, I found one on my first try:
https://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1243627200000&chddm=1079144&chls=IntervalBasedLine&q=NASDAQ:AAPL&ntsp=0&ei=zK9xUaDIHIielwPCcw

yes, you are showing a bull run that spans over several years and you are showing an interim top at ~200$ and then price becomes 100$. At that point in time you are not sure if the bull is going to continue - right? so you better invest when it's 100$ rather than when you hear the hurrah of 200$. Cause you don't know - at that point the bull may be over.

[smoothie]

Here we go again.

1. Create new forum profile

2. Make tunnel vision price predictions

3. Be proven wrong

4. Go silent

5. Fail


Lol 

[BitcoinAshley]

Here we go again.

1. Create new forum profile

2. Make tunnel vision price predictions

3. Be proven wrong

4. Go silent

5. Fail


Lol 

Lol, smoothie and how many times has this happened? Methinks our friend "GotBitCoinz" is going to have his ignore button glowing orange in a matter of weeks that usually happens somewhere between steps 3 and 4.

To top it off, he's one of those "I know exactly what everyone else does with their coins, and why they invest in bitcoin" folks. Everyone's just trying to get rich quick, they're "hoarding" and not "spending," and price is a result of forum sentiment and not supply vs. demand ... in the land of the mysteriously vanishing troll profile...

[superduh]

how about a 3 month min before being able to post in the speculation board?

[RodeoX]

how about a 3 month min before being able to post in the speculation board?

By that time all our crackpot theories will have fallen apart.