AU

noncommonGoodsense

Seems they alternate. Today it’s BC, next week it’s AU.

Maybe_Factor

It does. I'm the sort of person who would be interested in running a node, but it's really hard to justify committing upwards of AU$80k to a node when it could be put into my mortgage to save me 6% interest vs. \~3-5% staking rewards

OkSeries5363

[https://www.binance.com/en-AU/crypto/sell/AUD/USDT](https://www.binance.com/en-AU/crypto/sell/AUD/USDT)

Nagemasu

I used westpac when I was in AU and have never had a problem with them and crypto. This is a one sided story direct from the customer. You all really need to learn some critical thinking skills and objectivity. The reasons banks do this is because of *the government*. It's not the bank's choice, they are obligated to ask these questions and "protect you" when possible. Crypto is full of fucking scams, and their understanding is only as good as the person you're talking to, who is just an employee - they obviously need better training, but that's what this is. This customer rep is bad, but so was the user because he blames the rep for having to justify his own use of money to them, when really he's having to justify it to the government.

steadyhandhide

As long as we have a printing press for the global reserve currency, I would trade fiat for a hard asset vs one hard asset for another. Gold isn’t going anywhere and the US should sit on a fat pile of BTC and AU.

Dismal-Incident-8498

The Ford Model A was the first car. Doesn't mean it's the best one today. Maybe for now, maybe not. Thing is technology evolves. Gold though, will always be just that, AU.

kironet996

I don't seem to have any issues if buying on AU exchange(Coinspot).

Mysterious_Stop_4438

75% BTC, 10% AU/AG, 14.8% Central American real estate, 0.2% cash

magic-karma

Not much help for AU, but Coinbase Prime offers financing/margin. Makes it super easy to buy dips.

PMmePhoenix

Best thing that ever happened in AU. It’s as simple as 1 & 2 cents round down while 3 & 4 cents round up. As for card purchases they have no rounding!

StraightStackin

Oh, why tf would anyone report the AU value?

harvested

If it let's you enter the AU shipping address, I think it would be fine?

CoolGap2

AU and NZ economies are highly exposed to China, so if yuan falls their dollars often follow.

SpaceFaceMistake

Come on Australia fuck off the shit over priced bitcoin and crypto ATMs.. like is it the same in USA? It costs about 20-25% on-top of what the coin costs to buy via an ATM? So if you buy 1 BTC for value of (Eg) $150K AUD you get the 1BTC and pay the 23% I found at a local one.. that’s like $30k- 35k on top.. Buy 0.1 BTC costs $15k AU same on top will be $3k-3.5k in the trade invoice. I mean they have to make money but man that’s lots of money. Avoid ATMs folks. I wouldn’t even trust them ..

lilcokebrat

If by AU, you mean Australia, no you don't. You don't pay any taxes until you sell your BTC.

Ninjabredmann

That’s so good, AU you still need to pay half of profits over 1 year

ApacheGenderCopter

We’ve been at AU$150-160k 😂 $100k came a long time ago for us.

hsinewu

find this interesting video. [https://www.youtube.com/watch?v=QLBvjhLI7AU](https://www.youtube.com/watch?v=QLBvjhLI7AU)

spiteful-vengeance

Functional illiteracy levels:  UK ~15% USA~18% AU ~14% These people can't tell the difference between an opinion piece and an objective news article (for example). From there is a sliding scale of improvement, with only about 10% being able to read at a university level.

Murky-Education1349

yeah kind of how the AU Dollar is a meme and the US Dollar is all that matters.

Bright_Toe_4418

Original Post on YouTube: https://youtu.be/YiwDUoDtjeE?si=XQ7yTaS5gpXe9AU8

good-byeuphoria_2021

He is prolly sitting on a treasure chest of AU AG

Show_Kitchen

For practical info, like "how to do X..." look up the blogs of companies that make money doing the "X" that you want to learn about. I call these shovel companies, because they don't make money on crypto, but on the financial services around crypto ("we sell shovels, not gold") therefore they're typically unbiased about token choice and won't shill you something you aren't looking for. Here's an example: [coinflip.tech/en-AU/blog/category/learn](https://coinflip.tech/en-AU/blog/category/learn)

shinebae

Revolut is alot better Sign up with my link below: https://revolut.com/referral/?referral-code=spookykat!NOV2-24-AR-AU-H2

Bulky_Cranberry702

Waves from Australia - from the future, $150k AU

_snapdowncity

I’m from AU. Do you use a separate site for meme coins and which sites and coins are on your list?

blockhead92

Sure, here are some highlights. Let me know what you’re interested in and I can share more tailored info. There’s tons of educational content on specific topics. Meridian Closing Keynote: https://youtu.be/utkxYamk9wc?si=sq1CmW0gCLbwGSZP Decaf-MoneyGram use case in Colombia: https://youtu.be/aaClTluc3AU?si=TCORAn3Qe2yKOdFs Stellar Development Foundation Q3 2024 in review: https://youtu.be/kZY23_VTfSU?si=93F9ynRmU8j4FAk8 Deep dive on Blend protocol, which is off to a fantastic start but still early on the token emissions curve. Check out Script3 X account to see the emissions… We are encouraging more real world uses on this platform. A financing company in London is now deploying micro finance loans in Tanzania as a first mover. Others are building. https://youtu.be/58j0QkXKiDU?si=LOBiZfoxEFF1308u

blockhead92

Bonus fun and informative video that I replied to another comment that was off base with respect to real world use: https://youtu.be/aaClTluc3AU?si=-LkRiINfDiFyQ4XE

blockhead92

I am genuinely curious, what do you think about this use case? 11 min video. I promise it’s entertaining and informative! https://youtu.be/aaClTluc3AU?si=-LkRiINfDiFyQ4XE

LexxM3

No, that’s not the point. The point is measuring BTC against fiat is backwards — fiat is continuously debased by governments and so it’s actually the value of fiat that is falling against BTC in a BTC/USD measurement, not the other way around. Gold cannot be debased and so BTC/AU is an actual apples-to-apples value comparison.

SulkyVirus

Is there really a difference in a token for investing and a store of value? That's pretty much exactly what I meant too. And yes, it's pretty unreasonable to expect it to 10x in a couple years. AU especially since it's just as fundamental of a resource to technology and the future as anything else at the moment. There's gold in pretty much everything and it's an actual limited resource. BTC is limited until you realize that any other crypto can take its place because it's not a tangible thing. If BTC just vanished overnight ETH would take over as the leading cryptocurrency. If gold vanishes overnight the world falls apart.

inadyttap


blockhead92

Disclaimer: I’ve been a longtime Stellar enthusiast. Our community has been disappointed with the lack of attention, but also very excited about tangible real world uses and consistent ecosystem development. I’d like to share two examples with you if you are interested in taking the time to watch/learn. I promise the first video is at least entertaining! How do you consider these uses? Do you think that these established economic models, if they continue to expand, serve as legitimate uses that can live up to the hype?  https://youtu.be/aaClTluc3AU?si=QHq92tcziGip3yhz https://youtu.be/KkLjqOpYr1Y?si=Xtqau0igxOPyIRWo

shart-attack1

Yeah, when I first looked into bitcoin it was around $20 AU and I thought it was way overpriced.

inadyttap


shart-attack1

I remember seeing it at $25 AU when I first looked into it, so maybe about $10 US and thought it was way over priced. If I could go back now I would kick myself in the nuts.

Strife14

Look at this bullshit. [https://www.revolut.com/en-AU/legal/cryptocurrency-terms/](https://www.revolut.com/en-AU/legal/cryptocurrency-terms/)

blockhead92

https://youtu.be/aaClTluc3AU?si=Euvy5Jq-_tYEhMCJ

miami-architecture

https://x.com/vivek4real_/status/1834992546977604067?s=46&t=M0AU9ugtqfTbz3oyaGWzhA hey OP, see Twitter link they offer positive emotional support, you’re hodl’ing great

jetylee

You are correct, but the subject matter here is the US, unless Gensler has a beach house in AU?

jetylee

You are correct, but the subject matter here is the US, unless Gensler has a beach house in AU?

IcyLingonberry5007

Love me some AU prospecting

Aussiehash

Super funds are pretty conservative and Bitcoin ETFs in Australia would be miniscule, not much chance an AU Superfund would allocate much/any to an AU ETF

NiceM2

AL is aluminum, not AU

whiteb8917

Bitcoin dropped, wiped out 5 months of high. People are lining up to flip burgers at MD's again :). For me in AUD$, the soar of 5 months ago, I squealed in delight and sold BTC at AU$89k but it went way higher, so I put a buy order at AUD$78k hoping for some sucker to take it up and today it auto filled.

yesnookperhaps

It was meant to be a 10 year plan but the pure profs was too good. Will it go over $AU110,000 in the next few months? Maybe, but I doubt it. Now, as Warren Buffet taught me… it’s patience and the waiting game!

solomonsatoshi

Mate click on this they'l sort ya [https://www.revolut.com/en-AU/](https://www.revolut.com/en-AU/)

yesnookperhaps

I’m going to start buying again at $AU50k… might be a year or two. I have zero anything to back this up, just years of observing. I got my last ones at $AU30k after 2020 and just sold for $AU110,000.

Pyratetrader_420

My wife encourages me to buy BTC, AU, AND AG.

aasyed

Its PDS states that it's not a bank in Australia. Read here just after the first bunch of bullet points: https://www.revolut.com/en-AU/legal/product-disclosure-statement/

solomonsatoshi

Revolut [https://www.revolut.com/en-AU/](https://www.revolut.com/en-AU/)

stevem292

maybe try Azteco to buy Bitcoin rather than ATM's - there's still a premium, but i'd imagine less than you've been paying - [https://azte.co/buy?country=AU](https://azte.co/buy?country=AU)

okuboheavyindustries

Okubo Heavy Industries is proud to introduce its latest product - the Standard Stellar Proximity Detector. This small form device gives a visual indication whenever you are within around 1 astronomical unit of a G-Class stellar body. No batteries included or required! This device is powered by a non localized fusion reactor. N.B. This device has been thoroughly tested at around 1 AU from a g class star. It is estimated that it should work at up to 2 or 3 AU but has not yet been tested in these conditions. Detection of other Star classes may be possible but again, this has not yet been tested. Of course, distance measurements will need to be calibrated accordingly. A large mass, such as a planet, moon or large asteroid may cause a false negative reading if located directly between the operator and the stellar object. False positive readings can be caused by powerful artificial photon generators such as incandescent light bulbs, LEDs or flashlights. Okubo Heavy Industries is confident that the robust design and conveniently small form factor will make this the device of choice for field operators with accurate and timely stellar proximity detection requirements.

okuboheavyindustries

Solar [blinkenlights](https://en.wikipedia.org/wiki/Blinkenlights) basically. Okubo Heavy Industries is proud to introduce its latest product - the Standard Stellar Proximity Detector. This small form device gives a visual indication whenever you are within around 1 astronomical unit of a G-Class stellar body. No batteries included or required! This device is powered by a non localized fusion reactor. N.B. This device has been thoroughly tested at around 1 AU from a g class star. It is estimated that it should work at up to 2 or 3 AU but has not yet been tested in these conditions. Detection of other Star classes may be possible but again, this has not yet been tested. Of course, distance measurements will need to be calibrated accordingly. A large mass, such as a planet, moon or large asteroid may cause a false negative reading if located directly between the operator and the stellar object. False positive readings can be caused by powerful artificial photon generators such as incandescent light bulbs, LEDs or flashlights. Okubo Heavy Industries is confident that the robust design and conveniently small form factor will make this the device of choice for field operators with accurate and timely stellar proximity detection requirements.

Waypoint101

Kendu infringes on this patent? https://patents.google.com/patent/AU2023901444A0/

BRVM

Thanks for the feedback! Happy you enjoyed it. I would recommend this episode with Alex, who went from normie accountant to full on Bitcoin Maxi: [https://youtu.be/JwF3WAK4RWI?si=Nw55epk1rHF4AU-n](https://youtu.be/JwF3WAK4RWI?si=Nw55epk1rHF4AU-n) Or this one with Jeremy who was a lawyer for 20 years: [https://youtu.be/XosjkRc2FA0?si=BBDEbcJE9tGGxZlG](https://youtu.be/XosjkRc2FA0?si=BBDEbcJE9tGGxZlG) Or this one with Daz: [https://youtu.be/rShQtGdMoLg?si=hfsqw7CsQoWo-kAG](https://youtu.be/rShQtGdMoLg?si=hfsqw7CsQoWo-kAG) Let me know what you think? :)

Willing_Coach_8283

Find a cryptoexchange that operates in Canada, do KYC, load in money and buy crypto Then find a cryptoexchange that operates in Finland, do KYC, send crypto from Canadian exchange to our account in this one and withdraw to your Finnish bank account. Just send $100 Then you'll know exact amount of fees you need to pay. It's probably worth it, but really depends For example in Australia local exchanges charge you 1% fee on converting fiat money to crypto. There used to be Binance AU which was doing it for free, but fucking Au regulators blocked it.

jaxsantiago

Local AU exchange listed PONKE, and I was like.. WTH is that? 😅

iRollGod

£11k is relatively a very small amount of money. Tons of people regularly invest/trade 100s of thousands to millions in crypto. I’m 23 and have a portfolio of over AU$75k. Coinbase will happily let you invest/gamble your £11k and do whatever you want with it. Best course of action is to stick with the main 2 players, BTC & ETH, and DCA an amount you’re willing to never see again over a certain period of time, like a few weeks or months.

Familiar_Ratio_4710

DOT and GLMR, but I am still tossing between the 2 of them and ETH… I’m gonna bite the bullet and buY 1/2 DOT + 1/2 GLMR, only got AU$1,000

nugymmer

Blow up? Or blow up as in [***annihilate***](https://www.google.com/search?sca_esv=e88af8624605c7ab&sca_upv=1&rlz=1C1GCEA_enAU897AU897&sxsrf=ADLYWIIqpp-ntQtQ6qqm1mVVHUR_CgTo8A:1716164186424&q=annihilate&spell=1&sa=X&ved=2ahUKEwjf29Tl-ZqGAxXxZmwGHYwMCG4QkeECKAB6BAgIEAE)?

LatinumGirlOnRisa

not exactly..and yes, Bitcoin mining can use 'a lot' of energy compared to certain other industries. but not knowing the facts around this and also the nuances leads to major misconceptions most people will never bother correcting regarding their own knowledge base. which is why those attracted to headlines only vs. a willingness to read about &/or listen to the details makes it easy for the naysayers to mislead - and there's no need to fall for it. and a few facts include that Bitcoin is responsible for apprx. 0.2% of all energy produced around the world & apprx. 0.6% of all energy consumed. now, if you haven't yet heard, traditional fiat [central banking currency aka 'the Petro dollar'] is responsible for a he11 of a lot more energy consumption than that. and this is also very true about the oil industry alone as well as the military industrial complex. and with just that short list to start with it doesn't require a rocket scientist's mind to figure out which other industries also consume a lot more energy than Bitcoin mining [cough!, like gold,cough!]..such as the products delivery supply chain system, etc. if you care about knowing actual facts watch this video - and don't skip around, otherwise you'll miss a lot: [Bitcoin’s Biggest LIE EXPOSED](https://youtu.be/Hqa17FK0ses?si=4RmyWXO3UoueX0b-) [They're LYING To You About Bitcoin] (https://youtu.be/PZwvgCtJx1k?si=jDHDe3ezcGPHn0AU) so not only is it about misconceptions it's also about the intention of naysayers [the one's in the know] to distract and obfuscate the actual & most offending industries.

XtraMayoMonster

https://www.news.com.au/finance/business/elon-musks-dad-errol-says-he-can-prove-existence-of-emerald-mine/news-story/31bffe646867c659b85041fe3cca3857 Literally from his dad… > “Elon knows it’s true. All the kids know about it. My daughter has three or four emerald pendants. > “Elon saw them (the emeralds) at our house. He knew I was selling them.” > To prove his point, Errol provided pics of some of the bright green precious gemstones, which he says came from the mine. > He explained that it is in the Lake Tanganyika region of Zambia, the second biggest emerald-producing country in the world after Colombia. He even mentions why Elon doesn’t want to seem like things were given to him (they were) > Explaining why he thinks that Elon has pushed back on the emerald mine story, Errol said: “Elon’s main concern is not to appear to be a ‘trust fund kid’ who got everything given to him on a plate. Again… his dad gave him everything to get started > Errol said: “During that time, I managed to send money I’d made from emerald sales to him and Kimbal for living expenses.” > “I managed to send them about R400,000 (then around AU$171,000) in total. > “It helped them with rent and food. Kimbal told me that they could never have survived without the money.” So again… you’re wrong. His own dad is calling him a liar.

call-the-wizards

What? Australia has one of the greediest and most rotten banking cultures in the developed world, to the point that the government literally opened an entire [commission](https://en.wikipedia.org/wiki/Royal_Commission_into_Misconduct_in_the_Banking,_Superannuation_and_Financial_Services_Industry) to investigate it. >financial institutions were involved in [money laundering](https://en.wikipedia.org/wiki/Money_laundering) for drug syndicates, turned a blind eye to terrorism financing, and ignored statutory reporting responsibilities and impropriety in foreign exchange trading. They've also been robbing Australians blind with AU and NZ (who's largest banks are Australian) having some of the highest household debt to income ratios in the world. These chickens *will* come home to roost.

Karnaugh_Map

Yeah, he ran at 2.2 AU/millennia.

corbiux

Just bought AU$69.42

silitw

If its so important to you, just travel to Asia or AU/NZ.

LetsSquanchTheParty

Someone call the doctor. Peter Schiffs Bitcoin Derangement Syndrome is only getting worse and worse. At least he is still pushing a decent asset but still BTC > AU

bbiittccooiinn

I can provide a bit more insight. Some banks in Australia are only for walk-in customers with home loan specialists or to deposit cheques. They don't actually have tellers working in them to deposit or withdraw cash. As absurd as this sounds, it has nothing to do with solvency. They made AU$7.4bln profit last year.

Subhumandegree

That is a nice little chunk of change, around 6K AU, keep stacking the sats when you are able, it will add up to something decent in coming years (so long as WWIII doesn't wipe us all out)

axuriel

This is the truth, crypto shills can mental gymnastics all they want about their $100 of deposit being a huge blow to banks (lmao) but end of the day, dealing with scam victims is a far larger thorn up financial institution's asses than LoSiNg DePosIts. If someone gets phished and have their entire bank account wiped, this figure usually goes up to the tens of thousands. AFCA is very consumer-centric and would likely deem the bank to reimburse these victims fully, despite the victim clicking on links, providing OTPs, downloading malwares, etc. Banks care much more about NOT reimbursing these kinds of dumbasses much more than how much profit they can earn from your measly deposits. If you are moving your funds out because of these security measures, they are more than happy for you to do so because you immediately shift that risk out of themselves. I work with regulators on a daily basis, not just AU/NZ ones, and it's always hilarious how cryptobros think everything banks do are trying to go against them instead of protecting that 70yo retiree's nest egg.

Regular_Chapter_788

I found a watch face for Garmin that shows BTC price as one of the fields (not widget). But it drains the battery life faster than other watch faces, and I haven't been able to figure out how to get the weather field to update. Does anyone have any recommendations? As far as I know this is the first one I have ever found that has this. When you first install it, you need to give it 15mins to update the price. In the settings, you need to select BTC as a field. I also added an event countdown for the halvening as an extra bonus. Link on Connect IQ - https://apps.garmin.com/en-AU/apps/06b6b828-46b1-4730-acb2-8d3cf8833bb4

only_merit

You are mixing two things. You are mixing how things should be, and there I rather agree with you, and how things actually are, and there you are wrong. In UK, when you sell, CGT applies. And yes, perhaps in some countries (I doubt UK, but who knows), maybe at some point in the future, someone changes the law and it will be more like it should be. But currently, it's not. These things take years, if not decades. Politicians are useless slow parasites and I would not put any hope into any one of them. Maybe, just maybe, in Argentina or El Salvador, maybe. But UK, US, CA, EU, AU? I would not hold my breath.

ilikecute

Coinjar for AU

jaxsantiago

Looks like there's a glitch with AU exchange Swyftx. My FLOKI bag price isn't moving at all. lol

cl3ft

This is legally false in most countries. I know for a fact it's false in USA, AU & DE

XBB32

I'm pretty surprised by banks limiting cash withdrawals... I've been working for banks for 20 years, never heard of any such a thing... I can withdraw 500K, they don't give a F... Are those AU banks short on liquidity? That could be an explanation... They don't want a bank run...

rusty0004

[here he was totally fine](https://media.gettyimages.com/id/1718679133/photo/ftx-crypto-currency-exchange-convention-2022.jpg?s=2048x2048&w=gi&k=20&c=DPos_RapjnGbKGRS66cgdRGrWDjA0g4Lbsl8gbhr7AU=)

glansaandmi

Not sure if these would be the best choices for AU or UK residents?

Keanar

EU = as a region. Like AU= Australia, New Zealand, Tanzanie. Or like in gaming : servers location. Binance refer to location as region as well. I never meant E.U European Union. So binance future is accessible in Denmark?

Regular_Chapter_788

Your exchange must have terrible spreads. It's currently AU$79.3K on Kraken Pro

ReQuiem83

Eu stoxk exchanges drops => btc drops. AU stocks will opens higher so lwts see what btc will do. Still bullish

MikeDGorman

While I agree that BTC is more sophisticated and advanced than AU Gold, which is after all an Element, Bitcoin only holds its value just so long as the electricity flows, I know we cannot imagine a world where the power stations become useless, and we can no longer turn on our devices and lights, but one major solar storm, or a global war, or the NetZero types have their way and electricity becomes scarce, or rationed, or is gone...where is BTC then? Gold at ;east is tangible and is not subject to being switched off? Food for thought.

Seneca_Brightside

There is no second best. There’s Bitcoin. https://www.google.com/search?q=michael+saylor+interstellar&client=safari&sca_esv=597261711&channel=iphone_bm&source=hp&ei=0NWeZbaCO933kPIPgK238AU&oq=michael+saylor+inter&gs_lp=EhFtb2JpbGUtZ3dzLXdpei1ocCIUbWljaGFlbCBzYXlsb3IgaW50ZXIqAggBMgUQABiABDIFEAAYgAQyBRAAGIAEMgUQABiABDIGEAAYFhgeMgYQABgWGB4yBhAAGBYYHjIGEAAYFhgeSIzZAVCkQljv0AFwDHgAkAEAmAG_AaABnRaqAQQxOS45uAEByAEA-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&sclient=mobile-gws-wiz-hp#fpstate=ive&vld=cid:a5b664da,vid:QhpyJSHx8LI,st:0

MachaMacMorrigan

The issue is not BTC going to $1M. The issue is the USD going to 0.01 cents. Think about it. Most Bitcoin is being HODLed. Sure, there will be a bunch of new millionaires, but that wealth tends not to go anywhere . . . after all, why else would you swap your *other* assets (RE, Stocks, AU etc.) for BTC. The real issue is the geometric\* growth of US (and JP, GB, etc.) debt, All of these run away uncontrollably given enough time. How much time is enough? My best guess is sometime around 2040 . . . which isn't *that* far away. ​ \*Geomentric is not exponential - two *completely* different power series. I hate it when people use "exponential" without the faintest clue as to what it actually means.

RunningIntoWaves

This is what comes next: https://trends.google.com/trends/explore?date=today%203-m&q=Bitcoin&hl=en-AU

manageablemanatee

Processing payments of AU$10,000 or more means it has to be reported to AUSTRAC, which I guess is a bit more of a headache for banks. Bear in mind too though that repeated transfers below the threshold, especially in a short time, can be interpreted as structuring which is a criminal offence as well. [https://www.austrac.gov.au/business/core-guidance/reporting/transactions-10000-or-more-ttrs/reporting-structuring](https://www.austrac.gov.au/business/core-guidance/reporting/transactions-10000-or-more-ttrs/reporting-structuring) If you open an account with any Aus bank and the first activity is to attempt to send more than $10,000 somewhere, you're gonna have a bad time. If you need to deposit significantly more than that to an exchange you're probably best to reach out to the exchange before-hand to ask about the best way to proceed.

Poppssanchflea03

📸 Look at this post on Facebook https://www.reuters.com/technology/why-us-bitcoin-etf-is-game-changer-crypto-2024-01-10/?utm_campaign=trueAnthem%3A+Trending+Content&utm_medium=trueAnthem&utm_source=facebook&fbclid=IwAR2aw5y5O-La1sCD3fmLhsSzGP59HEm5pf9uZmWI5BzTraNebS7OnJwepII_aem_AU0DEe_5OHsheNQBHV4_9b_ztsntLAb0ADO6jeS2F5Fg66WYpncKYAeG7tgkCuebZp8

Real-Hat-6749

[https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=US-DE-SE-CA-AU-CH-NL](https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=US-DE-SE-CA-AU-CH-NL) US GDP is 25T$, Germany is 2nd with 4.

shadowangel21

We have similar in AU, i would love to see the stats or this actually helping anyone. Someone addicted to gambling is not going to stop from a survey or a government saying no..

castorfromtheva

What a f#ck socialist state AU has become. I finally understood that when I saw what quality the c-virus crap had that was pushed there. Unbelievable. And now that. I'd consider moving apart.

MachaMacMorrigan

280 oz AU is £450,000 (GBP) or $578,000 (USD). Pretty standard for an MCOL SFD in either country. Dunno about gold prices in Australia.

MachaMacMorrigan

Here's an interesting factoid: my parents bought a house for the equivalent of 280 oz AU fifty years ago. I had it valued recently. It's worth 280 oz AU. That tracks perfectly to an average 7% p.a. price inflation over that period. Too bad for the kids that wages have only gone up 3% p.a. 😥

spaceinstance

That's true, I do agree after some more thinking and reading that focusing on Bitcoin in the next 6-12 months makes sense. I don't think making it as hard as possible to use Bitcoin is in the realms of possible / expected anymore. Good call on your house, here in AU real estate is going crazy with little supply and a lot of demand, to the point that I'm not even considering getting a mortgage anymore.

slug_tamer

Man BTC fees are so shit at the moment. Finally got my hardware wallet set up and it's gonna cost me AU$80 to move my small stack across. The ETH was a few bucks.

solomonsatoshi

https://www.revolut.com/en-AU/

Inevitable-0246

To avoid the foreign transaction fee, you need to use an exchange that can on-ramp AUD directly and is integrated with AU payment network. I use Kraken. On-ramp is just Osko transfer no fees. Be sure you are using a bank that is friendly to this sort of transfers. If you want to avoid the currently high BTC withdrawal fee, withdraw via Lightning to Strike and then withdrawal from Strike to your hardware wallet at the free slow speed.

Levvy90

Brother that's tragic, I can't even pretend to understand the pain, offer hold tho, if you find yourself on the sunny goldcoast AU I'll definitely grab you that beer

MarcusStoic

Here are the top news in Crypto for the past 24 hours: 🌕 Tether freezes 32 blockchain addresses linked to terrorist groups in Israel and Ukraine, securing $873,118.34. Tether has frozen $835M globally. 🌕 Cointelegraph apologizes for mistakenly posting unverified news about a Bitcoin ETF approval. They're now reviewing their news verification processes. 🌕 In the FTX trial, ex-executive Nishad Singh alleges SBF used stolen funds for political donations, affirming $8B customer funds were misused. 🌕 Binance halts new UK user registrations; seeking a new FCA-approved partner after issues with REBS. 🌕 Binance completes its 25th BNB token burn, removing $450M (2.13M BNB) from circulation to boost token value and ensure transparency. 🌕 Upbit receives approval from Singapore's Monetary Authority to offer digital payment token services in the city. 🌕 Australia plans to regulate crypto platforms using existing financial laws, requiring platforms holding over AU$5 million to get a license. 🌕 ICP develops a tech to incentivize recycling, introducing Voluntary Recycling Credits (VRC) inspired by the carbon credit market. 🌕 Trust Wallet unveils new app & browser extension with modern design, enhanced features for a seamless Web3 experience, aiming for user-centricity. 🌕 TrueUSD's third-party security breach exposed client details including names, emails, and blockchain addresses. Breach linked to TrueCoin.

solomonsatoshi

Use Revolut [https://www.revolut.com/en-AU/](https://www.revolut.com/en-AU/)