Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20598.

Elwar

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Viva Ut Vivas

Quote from: yolalanda on October 22, 2015, 07:32:27 AM

Quote from: Fatman3001 on October 22, 2015, 06:40:51 AM

Norway 25%

So there are folks who actually pay exchange rate +25% when they buy bitcoin? And probably from convenient bitcoin ATMs charging an extra 19% on top of that?
Color me impressed Cheesy

For localbitcoins I had some people driving 2 hours to trade with me because the people in their city were charging 20-25%. At the time I was only charging 15%. I've since lowered it to 10.

hdbuck

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Quote from: tarmi on October 22, 2015, 07:33:55 AM

institutional investor = more than 20 k of coins. that's not wall street level, but mom's basement.

institutional investor already have the ~10 million coins that are not on internet exchanges.
no need pumping, just holding. bots and noobs do the rest.

tarmi

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institutional investor = more than 20 k of coins. that's not necessarily wall street level. in bitcoin world that's more like mom's basement level.

yolalanda

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Quote from: Fatman3001 on October 22, 2015, 06:40:51 AM

Norway 25%

So there are folks who actually pay exchange rate +25% when they buy bitcoin? And probably from convenient bitcoin ATMs charging an extra 19% on top of that?
Color me impressed Cheesy

Fatman3001

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Make Bitcoin glow with ENIAC

Quote from: tarmi on October 22, 2015, 07:28:30 AM

yolalanda is right. this story about eur vat is purely a coincidence. I mean bs coincidence. this move like any other in this market was orchestrated by institutional investors, whales.

just few hours before the move a newbie Roll Eyes

actually posted here a thread here about price going 5~10 $ up because of it.

uber-bullish and all, time to open more shorts.

It is confirmed then. Institutional investors are flocking to Bitcoin.

CCMF!!!

tarmi

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yolalanda is right. this story about eur vat is purely a coincidence. I mean bs coincidence. this move like any other in this market was orchestrated by institutional investors, whales.

just few hours before the move a newbie Roll Eyes

actually posted here a thread here about price going 5~10 $ up because of it.

uber-bullish and all, time to open more shorts.

Fatman3001

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Make Bitcoin glow with ENIAC

Quote from: yolalanda on October 22, 2015, 07:15:33 AM

^^^
Aren't most bitcoin exchanges registered in places like Uganda, Somalia and Uzbekistan anyhow? What's with all the hubbub?

You're thinking of yellowcake.

yolalanda

newbie

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^^^
Aren't most bitcoin exchanges registered in places like Uganda, Somalia and Uzbekistan anyhow? What's with all the hubbub?

LMGTFY

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Quote from: JorgeStolfi on October 22, 2015, 06:31:50 AM

This price surge seems to be led by the Western exchanges, and must be due to the European VAT ruling.

Were there any countries where bitcoin trades were already paying VAT (or inhibited because of it)? In Sweden maybe? In the UK?

Not the UK. As much as it pains me to say this, the UK government tends to be fairly sensible when it comes to Bitcoin. The UK's banks - not so much.

Auxi

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Quote from: Fatman3001 on October 22, 2015, 06:40:51 AM

Quote from: JorgeStolfi on October 22, 2015, 06:31:50 AM

This price surge seems to be led by the Western exchanges, and must be due to the European VAT ruling.

Were there any countries where bitcoin trades were already paying VAT (or inhibited because of it)? In Sweden maybe? In the UK?

Norway 25%

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

LFC_Bitcoin

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#1 VIP Crypto Casino

Strap yourselves in gentlemen Wink

yolalanda

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Quote from: DaRude on October 22, 2015, 06:41:03 AM

...
Your first mistake (of many) is your assumption that value of assets is based on it's current use, where in actuality especially for small caps 99% of it is based on potential think WhatsAp, twitter etc... The other point is just because you can't think of a solution doesn't mean no one else can. In my opinion raising transaction to 0.25 USD/tx would be equivalent of shooting a fly with a bazooka. But the funny thing is, even in that worst case, I think bitcoin can still prosper.

Your first mistake (of many) is assuming just because you think that some other people (presumably smarter than yourself) will eventually find a solution doesn't mean that they really would. Ignoring problems by writing them off as trivialities, to be easily solved later, by other people, has pretty much become the hallmark of Bitcoin over the past 5+ years.
6+ years, still in beta, and no agreed-upon roadmap Undecided

peonminer

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Crypto is King.

FLASH PUMP!!!! ARE WE GOING UP OR DOWN FROM HERE FOLKS???

HEADED BACK UPPPPPPP W00T

JorgeStolfi

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Quote from: DaRude on October 22, 2015, 06:41:03 AM

Your first mistake (of many) is your assumption that value of assets is based on it's current use, where in actuality especially for small caps 99% of it is based on potential think WhatsAp, twitter etc... The other point is just because you can't think of a solution doesn't mean no one else can. In my opinion raising transaction to 0.25 USD/tx would be equivalent of shooting a fly with a bazooka. But the funny thing is, even in that worst case, I think bitcoin can still prosper.

I explicitly said "expectation of future usage". That was THE selling point in Nov/2013 when I first learned about bitcoin.

And I also did not say that the "proper fee" question is unsolvable. I said that there is no solution (known, or within sight) and that it would requires another brilliant invention.

(Without some automatic and economically sound fee adjustment mechanism, a workaround would be to have a governing body like the international commission that defines and updates (by voting) the Metric System: with no legal power, but with effective moral power derived from competence and representativity. But try telling that to the libertarians...)

mexxer-2

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