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

[podyx]

You think we'll see a small dip here?

[simmo77]

http://www.forexminute.com/bitcoin/australian-government-asks-pension-applicants-declare-digital-currency-assets-49918

Thanks for that, I missed that one. Us Aussies also now have to pay 10% GST when purchasing Bitcoins through local vendors (came into effect on Oct 1, 2014).

You sure? I thought that you should pay tax on the fees only?

I wish

https://blog.coinjar.com/2014/09/30/how-the-new-ato-guidance-affects-coinjar-users/

[GreekGeek]

Welcome back $400's

[SkyValeey]

Awesome analysis.

[GreekGeek]

http://www.forexminute.com/bitcoin/australian-government-asks-pension-applicants-declare-digital-currency-assets-49918

Thanks for that, I missed that one. Us Aussies also now have to pay 10% GST when purchasing Bitcoins through local vendors (came into effect on Oct 1, 2014).

I have a solution for you Aussies

Don't buy from local vendors   

[abercrombie]

Still early, don't be this poor sap...  

[Feri22]

Welcome back $400's

 

[zeurpiet]

http://www.forexminute.com/bitcoin/australian-government-asks-pension-applicants-declare-digital-currency-assets-49918

Thanks for that, I missed that one. Us Aussies also now have to pay 10% GST when purchasing Bitcoins through local vendors (came into effect on Oct 1, 2014).

I have a solution for you Aussies

Don't buy from local vendors   

+1

Buy dope and sell on Agoramarket.

[podyx]

I need my 393 order to fill..

[GreekGeek]

http://s17.postimg.org/sykhgwahb/omg_cool.png

please include me on the bulls back

[shmadz]

http://www.forexminute.com/bitcoin/australian-government-asks-pension-applicants-declare-digital-currency-assets-49918

Thanks for that, I missed that one. Us Aussies also now have to pay 10% GST when purchasing Bitcoins through local vendors (came into effect on Oct 1, 2014).

You sure? I thought that you should pay tax on the fees only?

I wish

https://blog.coinjar.com/2014/09/30/how-the-new-ato-guidance-affects-coinjar-users/

That is stupid.

Do you also pay 10% GST when you convert Aussie dollars to USD for your vacation to Hawaii?

[GreekGeek]

http://www.forexminute.com/bitcoin/australian-government-asks-pension-applicants-declare-digital-currency-assets-49918

Thanks for that, I missed that one. Us Aussies also now have to pay 10% GST when purchasing Bitcoins through local vendors (came into effect on Oct 1, 2014).

You sure? I thought that you should pay tax on the fees only?

I wish

https://blog.coinjar.com/2014/09/30/how-the-new-ato-guidance-affects-coinjar-users/

That is stupid.

Do you also pay 10% GST when you convert Aussie dollars to USD for your vacation to Hawaii?

not yet...

[nrd525]

Fiat is designed to lose value, 2 percent in some countries, 2 1/2 in others. Bitcoin not.

Bitcoin too, until the year 2150 or something !  Although you are right that bitcoin has monetary mass inflation until then, while many central banks have price inflation targets.  The difference between both is (at constant velocity) given by economic growth.  

The danger is altcoins. Altcoins = infinite inflation potential for crypto-currencies as a class.  Though so far they aren't catching on.

[JorgeStolfi]

...ancient history...

3 years ago? 

For a 6-year-old thing, that is like 100'000 years ago for human history... 

[Valerian77]

Did anybody take notice of the sell orders over more than 1 mio BTC on BTCChina that stopped the last week price surge:

[ImI]

Fiat is designed to lose value, 2 percent in some countries, 2 1/2 in others. Bitcoin not.

Bitcoin too, until the year 2150 or something !  Although you are right that bitcoin has monetary mass inflation until then, while many central banks have price inflation targets.  The difference between both is (at constant velocity) given by economic growth.  

The danger is altcoins. Altcoins = infinite inflation potential for crypto-currencies as a class.  Though so far they aren't catching on.

###

absolutely correct

i expected them to gain ground in 2014 and to take a big bite out of bitcoins marketcap. but they didnt. with sidechains in the making innovations could eventually build into the bitcoin protocol in the future.

but generally speaking altcoins could act as the inflation that bitcoin was trying to avoid.

[fonzie]

Did anybody take notice of the sell orders over more than 1 mio BTC on BTCChina that stopped the last week price surge:

[img]http://farm8.staticflickr.com/7535/15809156512_9473b4d9c4_b.jpg

Seems like Satoshi finally sold a huge part of his stash! We can go up now!

[zeurpiet]

Did anybody take notice of the sell orders over more than 1 mio BTC on BTCChina that stopped the last week price surge:

http://farm8.staticflickr.com/7535/15809156512_9473b4d9c4_b.jpg

no

[ChartBuddy]

Explanation

[brg444]

Fiat is designed to lose value, 2 percent in some countries, 2 1/2 in others. Bitcoin not.

Bitcoin too, until the year 2150 or something !  Although you are right that bitcoin has monetary mass inflation until then, while many central banks have price inflation targets.  The difference between both is (at constant velocity) given by economic growth.  

The danger is altcoins. Altcoins = infinite inflation potential for crypto-currencies as a class.  Though so far they aren't catching on.

###

absolutely correct

i expected them to gain ground in 2014 and to take a big bite out of bitcoins marketcap. but they didnt. with sidechains in the making innovations could eventually build into the bitcoin protocol in the future.

but generally speaking altcoins could act as the inflation that bitcoin was trying to avoid.

altcoins are as inflationary to Bitcoin as my monopoly money is to the USD