Euro VAT decision tomorrow could propel bitcoin (part of greater picture)

NorrisK

legendary

Activity: 1946

Merit: 1007

Quote from: talks_cheep on October 22, 2015, 05:48:03 PM

I doubt we are going to see 1200 any time soon. Most likely, we will retreat back down to 250-260 and stay there until the end of the month. you will see, please temp down a bit.

We've been in the low 200 for long enough. The mid 200 are there only on the way to pass to 300 again. If the momentum is mainted, we should hit 300 before the end of the month.

People getting salaries, thus having some spare money as well. Rising price, FOMO, and we have a recipe for a price rise

talks_cheep

legendary

Activity: 1036

Merit: 1000

I doubt we are going to see 1200 any time soon. Most likely, we will retreat back down to 250-260 and stay there until the end of the month. you will see, please temp down a bit.

SmoothCurves

sr. member

Activity: 379

Merit: 250

Once this picks up steam we are going to blow right past $1200 like it was nothing.

Lucius

legendary

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Merit: 5637

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Quote from: Snail2 on October 22, 2015, 10:17:01 AM

Quote from: Auxi on October 22, 2015, 07:10:12 AM

Source:
http://curia.europa.eu/jcms/upload/docs/application/pdf/2015-10/cp150128en.pdf

Cool! Finally I see more and more good news after lots of doom and gloom. Maybe we will hit 300 by the end of this month indeed

.

Really great news for Bitcoin, and now with growing optimism $ 300 by the end of the month is not mission impossible

thejaytiesto

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Activity: 1358

Merit: 1014

Quote from: spazzdla on October 22, 2015, 07:51:58 AM

EU decides it's money..
China says it can't / won't fight the technology that is bitcoin but accept it..

Boys.. we are entering the hope stage.

Well, it's not like they had any alternatives but to deal with it in a positive manner. It has been proven that if you try to fight Bitcoin, it will fight you back. If you try to ban it, people will just become more interested about it because of reverse psychology. And if you don't ban it, people will also become more interested on it because it's seen as something non threatening. In other words, Bitcoin cannot fail.

Snail2

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Quote from: Auxi on October 22, 2015, 07:10:12 AM

Source:
http://curia.europa.eu/jcms/upload/docs/application/pdf/2015-10/cp150128en.pdf

Cool! Finally I see more and more good news after lots of doom and gloom. Maybe we will hit 300 by the end of this month indeed

.

celebreze32

sr. member

Activity: 296

Merit: 250

Quote from: Mickeyb on October 22, 2015, 07:03:59 AM

Quote from: Dexter770221 on October 22, 2015, 06:19:53 AM

Looks like it's done:
http://www.coindesk.com/bitcoin-is-exempt-from-vat-says-european-court-of-justice/

Well maybe that's why we are seeing a $10 rise today??

But in all honesty this looks like a complete trend reversal. Last 15 days, since the Gemini launch, we have a constant upward pressure and we are growing very nicely, without any parabolic moves, which is great.

When Coinbase opened I don't think it had massive volume. Like Gemini it was barely noticeable at first, then after a few months its volume picked up. Gemini does offer a safe exchange that hasn't been hacked, is fully regulated and insured. After it starts letting international customers trade it will probably get much higher volume, and might become the leading exchange after the ETF opens.

The ETF opening combined with more worldwide government acceptance might start a parabolic move.

zby

legendary

Activity: 1592

Merit: 1001

This might be a case of 'buy the rumours, sell the news'.

The advocat general opinion had been known for some time, it was positive. Last week we learned that the court would decide today. That were the rumours and they had an effect on the price - this was visible from the fact of how the bid wall grew on Bitstamp, and not so much on other exchanges. Now we have the news.

Raimonn

legendary

Activity: 1470

Merit: 1001

Good news on Bitcoin in Europe. Bitcoin will not be taxed , and is defined as digital money. These movement will make newspapers, tv ... to speak about bitcoin as a legal coin and more people will be interested about knowing more about bitcoin.

spazzdla

legendary

Activity: 1722

Merit: 1000

EU decides it's money..
China says it can't / won't fight the technology that is bitcoin but accept it..

Boys.. we are entering the hope stage.

Auxi

sr. member

Activity: 378

Merit: 250

Source:
http://curia.europa.eu/jcms/upload/docs/application/pdf/2015-10/cp150128en.pdf

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

Quote from: Dexter770221 on October 22, 2015, 06:19:53 AM

Looks like it's done:
http://www.coindesk.com/bitcoin-is-exempt-from-vat-says-european-court-of-justice/

Well maybe that's why we are seeing a $10 rise today??

But in all honesty this looks like a complete trend reversal. Last 15 days, since the Gemini launch, we have a constant upward pressure and we are growing very nicely, without any parabolic moves, which is great.

1Referee

legendary

Activity: 2170

Merit: 1427

Didn't expect to see Bitstamp break through the $280 level today. Even not due to this VAT news. I hope this will continue the comming months so we can finally see a price above $300.

Dexter770221

legendary

Activity: 1029

Merit: 1000

Looks like it's done:
http://www.coindesk.com/bitcoin-is-exempt-from-vat-says-european-court-of-justice/

mpow

newbie

Activity: 11

Merit: 0

If the decision is positive expect a + 5-10 dollar price move leading to weekend. Yet, this could be an early indicator and base for a greater move as we get near the halving, continuing emerging market weakness, low commodity prices and capital control in China + devalued Yaun--all putting positive updrafts on the price. Expect the slow and steady BTC uptick to continue.

Topic: Euro VAT decision tomorrow could propel bitcoin (part of greater picture) (Read 1195 times)