This is actually a dangerous news, now we can have an other major drop because of this EURO limit reached
USD is the only one that had any type of psychological barrier.
1 million yen was a comparative breeze and happened a day or two before. The world raced ahead while USD pondered breaking through.
No one cares or pays any attention to EUR markets.
Tell that to arbitrageurs. EUR markets have been mostly lagging behind USD the last few weeks. I wouldn't be surprised if that caused a bit of a drag on the USD markets as well. Once the EUR 10,000,- threshold is broken for good the EUR markets may get more bullish as well, thus refraining from dragging the USD market down.
That, or people in the EUR markets may start taking profits, putting downwards pressure on the USD markets as well. In which case -- hold on tight my American friends! And help keep the EUR price above 10,000!
Odd that EUR is so small. The tax situation is much friendlier than the US in most EU states, there are more Europeans, though of course USD is more global, and they're cleverer and more attractive than Americans too.
Spare a thought for us pathetic Brits. We've never really had a proper exchange with smooth banking. £10,000 isn't a million miles away now.
Are you sure? Isn't Bitcoin taxed in USD just as capital gain tax at 25% and at 15% if you hold for more than one year? I think in some countries in Europe it can be as high as near 50%... it's a scam to be honest. I have no idea about how taxes was because I never had any money before bitcoin.. the only advantage of being poor is that you don't need to stress about taxes because you are so poor that you don't even qualify to pay many taxes in most cases, even if in some countries the poorest still pay the highest taxes, in fact this is the case everywhere since corporations like google and amazon pay tiny amounts in Ireland etc... anyway don't wan't to derail this, my point is, I got no idea about taxes, so instead of fucking up im just going to hold it long term and worry about that later.
It depends on the country and the situation of the individual holder. In Germany and Austria for example, tax rate after holding for more than one year is zero. Can't get more friendly than that. Worst case you need to pay income tax on your profits, which, while likely higher than in the US, is still not as high as 50%. Taxation may differ in other European countries, as I can only speak for Germany and Austria, however I doubt that you'll get a tax rate as high as 50% in any European country.
