Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28737. (Read 26634182 times)

gox returning coins won't stop other exchanges from stealing coins 

Since the history of bitcoin time, people have been constantly speculating about "what if so and so sells or dumps so and so coins."  

People aren't going to mindlessly dump coins. For most of us, we already wrote these losses off in our minds. So no ones going to be selling their coins to party like its 1999.

Look, I can play this "imagine" game too:

"Imagine if everyone is so happy to get their lost investment back that they buy more coins! What if every Mtgox account holder buys just 1 more coin. That literally hundreds of thousands of coins being bought!"

Yea sure! Goxxers who bought coins at 100-300 (huge volume happened in this range) will not sell for 500-600.
Rather they will sacrifice the 2x-6x profit to spare the anemic bid sum of $12 million: a typical perma-bull fantasy..

It's bullish. Period. Either those coins are in the hands of thieves or they are in the hands of the "rightful" owners. The only thing that would have been more bullish is if we had proof the coins were irretrievably lost.

imagine just 10% of the coins are sodled - I do not get the redditors who say that that is bullish

I am happy for the guys having coins in mtgox

With the ruling by the IRS does that mean Americans can start investing in Bitcoin with their 401K retirement plans?

If its true and assuming they refund people's bitcoins, then what will happen is that there will be a lot of happy people. Beyond that, not much will happen. A few people might sell some, but most people will hold. And overall community sentiment will be more positive. Probably not much difference in regards to price.

670.000 coins back to the market ? 

Everyone knows that when it is raining in Zimbabwe, the prices go down...

This is bullish but expected.

Behind paywall.
This is better:
http://www.businessinsider.com/irs-bitcoin-is-property-not-currency-full-release-2014-3


IRS Virtual Currency Guidance: Virtual Currency Is Treated as Property for U.S. Federal Tax Purposes; General Rules for Property Transactions Apply

IR-2014-36, March. 25, 2014

WASHINGTON – The Internal Revenue Service today issued a notice providing answers to frequently asked questions (FAQs) on virtual currency, such as Bitcoin. These FAQs provide basic information on the U.S. federal tax implications of transactions in, or transactions that use, virtual currency.

In some environments, virtual currency operates like “real” currency -- i.e., the coin and paper money of the United States or of any other country that is designated as legal tender, circulates, and is customarily used and accepted as a medium of exchange in the country of issuance -- but it does not have legal tender status in any jurisdiction.

The notice provides that virtual currency is treated as property for U.S. federal tax purposes.  General tax principles that apply to property transactions apply to transactions using virtual currency.  Among other things, this means that:

* Wages paid to employees using virtual currency are taxable to the employee, must be reported by an employer on a Form W-2, and are subject to federal income tax withholding and payroll taxes.

* Payments using virtual currency made to independent contractors and other service providers are taxable and self-employment tax rules generally apply.  Normally, payers must issue Form 1099.

* The character of gain or loss from the sale or exchange of virtual currency depends on whether the virtual currency is a capital asset in the hands of the taxpayer.

* A payment made using virtual currency is subject to information reporting to the same extent as any other payment made in property.

Further details, including a set of 16 questions and answers, are in Notice 2014-21, posted today on IRS.gov.

http://stream.wsj.com/story/markets/SS-2-5/SS-2-490994/

I need train pictures STAT!

CHOOOOOOOOOOOOCHOOOOOOOOOOOOOOOOOOO
Bitfinex goin mad


MtGox givin back all USD with a premium??  

I didn't say that, read again.

This is sad if Bitcoin price is dependent on how we feel about the weather.

This seems way too good to be true.... and too speculative to venture down the road of such a fantasy idea.

B/c it is such a fantasy and illogical, there would need to be a really clear and convincing explanation, otherwise the BTC market will crash.. as it does with any ambiguous news.

I'm glad that has been clarified b/c I was always wondering about that, as well as the question about what caused the chicken to cross the road.

Can it be answered so easily?
You are using mutation as a the source for your claim, so you are talking evolution here. Are you saying that the ancestors of chickens (aka dinosaurs) did not lay eggs?
Obviously The mutation that produced what we now know as "chicken" got here in the form of a creater born inside an egg of a chicken precursor.