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Showing 20 of 23 results by Omega2513
I also have a few shares through havelock. guess I should have done some more research... 
I just sent the Havelock CSV with all the info.The way I see things is Bitcoin is a foreign currency with no definitive country attached to it; ie: CAD = Canada, YEN = Japan, USD = 'Merica and can be used and taxed as you would for any foreign currency. Exchange sites, such as banks, money mart, etc. can exchange bitcoin for cash and be taxed that way like they do for any other currency, except they can do it a couple of ways.
1: They offer a lower exchange compared to online market price.
2: They charge a fee but you still get regular market price.
3: If you don't have a BTC wallet, they can charge either a fee or lower exchange and you get a shiny satoshi coin with a QR sticker on the back that contains your BTC.
I think that would be the easiest way without having to introduce or change a bunch of laws. Just add BTC in as another foreign currency and charge accordingly.
1: They offer a lower exchange compared to online market price.
2: They charge a fee but you still get regular market price.
3: If you don't have a BTC wallet, they can charge either a fee or lower exchange and you get a shiny satoshi coin with a QR sticker on the back that contains your BTC.
I think that would be the easiest way without having to introduce or change a bunch of laws. Just add BTC in as another foreign currency and charge accordingly.
Re: [FUD] China prohibits banks providing settlement services to Bitcoin Exchange
So... I'm usually news agnostic as it makes very little difference to me in the short run (I'm in it for the long run), and thus I don't keep myself up to date or attentive at all but this seems too obvious to be a coincidence;
- China says "bitcoin probably alright", price jumps ten fold
- China decides they're through buying USD (read it somewhere, might have read it wrong)
- China says "bitcoin is somewhat illegal, you have a short timespan to get out", everyone sells, price drops
Now, if it was me I would say 'China says' is a great market direction trigger, and if I were China (govmnt) I would buy as it drops (sure, it's illegal... for the common people) and then by CNY say "good news, bitcoin's probably alright again", thus re-inflating all the coins bought cheap.
Is it not just a tad bit too obvious?
Those crafty chinese. Well we'll see where it goes. Right now BTC-e is at $662 and Gox is at $722- China says "bitcoin probably alright", price jumps ten fold
- China decides they're through buying USD (read it somewhere, might have read it wrong)
- China says "bitcoin is somewhat illegal, you have a short timespan to get out", everyone sells, price drops
Now, if it was me I would say 'China says' is a great market direction trigger, and if I were China (govmnt) I would buy as it drops (sure, it's illegal... for the common people) and then by CNY say "good news, bitcoin's probably alright again", thus re-inflating all the coins bought cheap.
Is it not just a tad bit too obvious?
I would say around $1000 - $1200 unless another country like one of the asian countries, or russia embraces Bitcoin like china did, then I would say around the $2000 mark
Nice post from 1 month ago. In case that you didn't notice things changes and china now fights bitcoin...
I still stand by it. I do notice things change and do check the forums as well... something you should do
Re: [FUD] China prohibits banks providing settlement services to Bitcoin Exchange
We really need a Chinese translator we can trust and is known in the community how can translate this sort of stuff fast. This overreactions are so annoying.
More like we need to bribe someone in the financial sectorlets see, being realistic I will settle for a new tattoo with a top rated artist. but thinking bigger, a 1 month trip around eastern Europe would be awesome
If the artists here took bitcoin, I would have my tattoo finished.One thing, to buy a random airplane ticket.
That one I like.That Google Glass looks mad!! Ill go for a extreme miner 7.5th please santa if there real that is!!
I saw one that was advertised for 2th/s and one for 3TH/s although big price difference between the 2.http://www.coingig.com/britoandre/Bitcoin-ASIC-Miner-Prospero-X-3-2-THs-4727
http://www.coingig.com/Coinware/KNC-Neptune-Miner-3-TH--Full-Escrow-6574
Re: [FUD] China prohibits banks providing settlement services to Bitcoin Exchange
2: BTCCHINA now charging .3% is it because there is going to be a run and they finally want to make a profit?
This doesn't surprise me. A few exchanges are charging a fee now because they were losing money by paying the network fee. Cavirtex is one of them.
Re: China prohibits banks providing settlement services to Bitcoin Exchange
It was also reported on major news sites so who knows. I know some banks here in Canada are shutting down accounts that are used for Bitcoin
What reasons do they give when they do that? Is it legal?
Why is it legal or not?
Its their service they can terminate bank acct as they want.
China banks: https://www.google.ca/search?q=bitcoin+china+banks&rlz=1C1CHFX_enCA551CA551&oq=bitcoin+china+banks&aqs=chrome..69i57l2j69i65l3j69i60.4227j0j1&sourceid=chrome&espv=210&es_sm=122&ie=UTF-8
Canada banks: https://www.google.ca/search?q=bitcoin+china+banks&rlz=1C1CHFX_enCA551CA551&oq=bitcoin+china+banks&aqs=chrome..69i57l2j69i65l3j69i60.4227j0j1&sourceid=chrome&espv=210&es_sm=122&ie=UTF-8#es_sm=122&espv=210&q=bitcoin+canada+banks
No i'm not talking about bitcoins
I'm answering the question about legality of terminating bank accts. Ofcourse its legal. Its their service, they have the right to terminate it if they want.
Heck they can terminate your bank account if you're rude to them.
Not quite. There has to be a legal reason to the termination. For bitcoins, with all the bad press of Silk Road and everything else, the banks could have it fall under illegal or misuse of the account and funds. Like how they freeze the accounts for criminals.
Idiot, terminating accounts is NOT seizing them.
Its their business they have the right to terminate accts with customers they dont want to do business with.
Understand?
And they can be taken to court for it. They don't have to GIVE a reason to YOU but they still NEED a VALID reason. But since you have to resort to name calling online, I am done talking to you.
Re: China prohibits banks providing settlement services to Bitcoin Exchange
It was also reported on major news sites so who knows. I know some banks here in Canada are shutting down accounts that are used for Bitcoin
What reasons do they give when they do that? Is it legal?
Why is it legal or not?
Its their service they can terminate bank acct as they want.
China banks: https://www.google.ca/search?q=bitcoin+china+banks&rlz=1C1CHFX_enCA551CA551&oq=bitcoin+china+banks&aqs=chrome..69i57l2j69i65l3j69i60.4227j0j1&sourceid=chrome&espv=210&es_sm=122&ie=UTF-8
Canada banks: https://www.google.ca/search?q=bitcoin+china+banks&rlz=1C1CHFX_enCA551CA551&oq=bitcoin+china+banks&aqs=chrome..69i57l2j69i65l3j69i60.4227j0j1&sourceid=chrome&espv=210&es_sm=122&ie=UTF-8#es_sm=122&espv=210&q=bitcoin+canada+banks
No i'm not talking about bitcoins
I'm answering the question about legality of terminating bank accts. Ofcourse its legal. Its their service, they have the right to terminate it if they want.
Heck they can terminate your bank account if you're rude to them.
Not quite. There has to be a legal reason to the termination. For bitcoins, with all the bad press of Silk Road and everything else, the banks could have it fall under illegal or misuse of the account and funds. Like how they freeze the accounts for criminals.
If you had enough BTC to get one thing from your christmas list, what would it be? Mine would be Google Glass. They are going for between $2000 - $2500 depending on model. This would make my entire year to get one of these
World peace. Also a Lamborghini
Not enough Bitcoins for world peace. The Lambo would be nice though
Re: China prohibits banks providing settlement services to Bitcoin Exchange
It was also reported on major news sites so who knows. I know some banks here in Canada are shutting down accounts that are used for Bitcoin
What reasons do they give when they do that? Is it legal?
Why is it legal or not?
Its their service they can terminate bank acct as they want.
China banks: https://www.google.ca/search?q=bitcoin+china+banks&rlz=1C1CHFX_enCA551CA551&oq=bitcoin+china+banks&aqs=chrome..69i57l2j69i65l3j69i60.4227j0j1&sourceid=chrome&espv=210&es_sm=122&ie=UTF-8
Canada banks: https://www.google.ca/search?q=bitcoin+china+banks&rlz=1C1CHFX_enCA551CA551&oq=bitcoin+china+banks&aqs=chrome..69i57l2j69i65l3j69i60.4227j0j1&sourceid=chrome&espv=210&es_sm=122&ie=UTF-8#es_sm=122&espv=210&q=bitcoin+canada+banks
If you had enough BTC to get one thing from your christmas list, what would it be? Mine would be Google Glass. They are going for between $2000 - $2500 depending on model. This would make my entire year to get one of these.
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