AUD

Fun-Maybe2147

My dad just spent 150,000 AUD on beautifying his driveway. He’s not in a terrible financial situation although he makes it sounds so.

benditbackwards

He asked for YOUR advice, not advice from randos on the internet. But since he asked for advice from your 'clever' friends.. he's mine, he should make up his own damn mind! Its his money after all. IF he thinks buying gold is right move, who are we to say different? At least he's not buying some shitcoin or worse USD! or even worse AUD!

SherbetFluffy1867

1. Where to Buy Bitcoin (Australia) Exchanges: Independent Reserve, Swyftx, BTC Markets, and CoinJar are established in Australia. Global options: Binance, Kraken, and Coinbase also serve AU but check fees and compliance. Peer-to-peer (P2P): Bisq or Peach Bitcoin for direct, more private purchases. --- 2. Storage (Hot vs. Cold Wallets) Hot wallets: Apps like BlueWallet, Phoenix, or Muun — easy, connected, but less secure. Cold wallets: Hardware devices like Coldcard, Passport, Trezor, Ledger. These keep keys offline and are best for long-term. Seed phrase: 12/24-word recovery key. Write it on paper or metal backup. Never store online. --- 3. Start-to-Finish Process 1. Sign up with a trusted exchange (KYC needed). 2. Buy BTC using AUD deposit (bank transfer/PayID is common). 3. Withdraw immediately to your own wallet (don’t leave coins on exchange). 4. Set up cold storage (hardware wallet). Test sending a small amount first. 5. Back up your seed phrase securely. Consider a metal backup (Seedplate, Cryptosteel). 6. For selling later: Send BTC from your wallet back to the exchange, convert to AUD, withdraw to bank. --- 4. Services & Accounts to Use Exchange: Independent Reserve or Swyftx (AUD-friendly). Hardware wallet: Coldcard (max security) or Ledger/Trezor (user-friendly). Software wallet: Sparrow (desktop, advanced) or BlueWallet (mobile). Metal backup: Seedplate or Billfodl. --- 5. Budget & Security Security is worth the spend. A good setup: Hardware wallet: AU$150–300 Metal backup: AU$100–150 Optional dedicated offline laptop/phone for wallet use. Don’t overspend on gimmicks — the main protection is keeping your seed phrase safe. --- 6. Long-Term Considerations Don’t share your holdings or wallet setup with anyone. Test backups: Make sure you can restore from seed. Think inheritance: Document instructions for trusted heirs. Keep it simple: Over-complication is a bigger risk than hacking.

ANIAT444

My grandson is 9 and has been diligently mowing my lawns (for 6 months) every 2 weeks for $10 AUD Bitcoin. He’s asked me if he could spend some, and I said YES - when you’re 18. He’s going to be bloody rich by then….lol.

Simke11

BTC YTD gain 15% - and that is if you are in USD. For EUR YTD gain is 2.6%, and for AUD & CAD 10%. Considering we are nearing end of the year and the cycle, that's pretty poor performance so far, despite institutional adoption narrative. People still expect some sort of blow off top but I've dampened my expectations.

Lufia321

I couldn't sell because mines locked up for 1 year because I wanted the card. The first couple of months it went down, but now that $700 AUD is worth $2.6k.

Boazmcding

I currently just buy when I have some extra $$. Once I pay the credit card off I'll be doing a weekly buy. Probably $100AUD. I move it to cold storage when I get $1000 worth on the exchange.

CrystalizesSouls

It being at 170000 (AUD) is great gonna get more

Soggy-Term4965

I think Vchain is a very good potential it is about 0.04 AUD it’s been as high as 0.35 AUD I’m expecting it to go to $1-$1.5 AUD It actually does things and is has very good partnerships BMW WALMART and i think another 200 companies

Hanzieoo

Well I'm an electrician and I have a S19pro in my kitchen that's hushed, and another S19pro immersed and connected to hydronic heating in my floor. And right now they are both off and I'm running the AC and buying SATs with the money I save. Residential electricty is 50c(AUD) per kWh. And for ever unit of heat the miner puts out the AC does 5 units. The miner may pay me 4 to 5c for every kWh it consumes so it's 45c for a unit of heat that comes out of the AC at 10c. 40c left to buy sats.

hotnsweaty69

Of course they can haha, I know I would be. And I wouldn’t be worrying about some butthurt Reddit comment stating I couldn’t. They are correct in the fact that it didn’t technically “close” above previous ATH, but what it’s $20 off it, will it hit in the next week, I’m $3500 AUD confident it will break to maybe 8.5-9k AUD.. I bought into mainly btc eth (60% of my portfolio), and then a Cpl hundred on CRO and ADA, XRP in Jan 2025 and watched it tank 50%, made a slight loss of $200 as I sold everything a cpl of days ago, I was absolutely devo for 4 months watching the market go down then just sideways… didn’t have any spare money to buy ETH even when I saw it start to pump, but everything was still very reactive to BTC, and not the alt season I (we) expected. Anyway I’m hoping to make a 20% profit on my investment, play it safe and take profits then buy in a more planned DCA approach with a portfolio manager, or learn to program bots to make short term trades aswell as accumulating wealth in holding btc and eth.. currently been staking STX for btc rewards for a couple of years.. I’m celebrating not loosing our family savings and simply breaking even!! Excited at a chance to get a tiny profit in the very near future then buy in with a thought out and planned strategy. Is creating or subscribing to a bot program to make short day trades in your behalf ( at a commission of course) worth it, in your guys humble opinion? I’m talking like maybe 5k AUD, so not a big initial investment but I’ve got kids and a mortgage, fiat is hard to save!!!

Phfat_John

On the face of it, this just sounds like a scheme for tax avoidance rather than being a legitimate tax minimisation strategy. So can potentially get caught under Part IVA of the ITAA 1936. What is the point of doing this? You will probably have to pay more in fees, conversion rate is probably worse than converting to fiat on an exchange. So while you're capital gain is reduced, you lose out overall because you've made less of a gain. Potentially legitimate to avoid foreign conversion costs if you were to change AUD into EUR for the trip costs. But your concern about visibility of crypto transactions with the ATO makes it seem like you're trying to hide the value of a potential CGT event and the actual event itself to avoid the tax.

HBARFOUNDATION

It hit ath a few days ago for AUD 😁

twitch-switch

Alright, so you need somewhere to buy your Bitcoin. Goto Google Play Store on your phone and install the Strike app. I know others have said CoinSpot or whatever but Strike charges less fees and just recently started allowing payments in AUD. You can also set up reoccurring payments there pretty easily. You'll need to scan an ID when you set up your profile, all exchanges do that for tax keeping purposes. You're essentially on your way by this point, but we have a saying "Not your keys, not your coins". You should get yourself a hardware wallet to store your Bitcoin. I recommend ColCard Q personally as it's easier to make without ever having to connect your device to the internet or enter in your "keys" into a computer. The keys for your wallet will be a series of 24 words (from a big list of words) and a passphrase (custom password). You must never take a photo of it on your phone, type it into a computer, or show it to anyone. You SHOULD find a way to store it securely in a method that will keep the words safe if there's a fire, flood, home robbery etc. Most people will recommend stamping or inscribing them on a metal plate, but there are kits available for this like Seed Plate I think is one of them. Keep it secret, keep it safe. The "wallet" I told you to get is used to authorise transactions and it will give out send and receive addresses, if anything happens to your wallet it's not great, but if you have those 24 words and passphrase you can still retrieve your Bitcoin. I think that about sums it up.

Rich-Inspector-7483

Hey u/SquadJam99, This is the most comprehensive guide you will receive. Part 1: The First Step - Understanding the Exchange Think of an exchange like a bank. It’s a company that handles buying and selling. It’s a "centralized" service, meaning they control your funds while they are on their platform. Action: Choose and set up a reputable exchange. * Why CoinSpot? It's one of Australia's largest and most user-friendly exchanges. It's regulated by AUSTRAC, which is Australia's financial intelligence agency. This regulation means it’s legally required to verify your identity (a process called KYC - Know Your Customer). This protects you and stops illegal activity. * Why use PayID? This is the fastest way to get your money onto the exchange. It's a payment system used by most Australian banks that makes transfers instant. This means you can buy your Bitcoin right away, rather than waiting days for a bank transfer to clear. Deeper Insight: Your Bitcoin is not truly "yours" while it's on the exchange. The exchange holds the private keys for you. While exchanges are secure, they are a target for hackers. This is why the next step is so important. Part 2: The Second Step - Securing Your Bitcoin This is the most critical part. You need to take control of your Bitcoin. This is done by moving it to a wallet where you, and only you, have the private keys. Analogy: If Bitcoin is digital gold, your private key is the combination to the safe. Your Trezor hardware wallet is the physical safe itself. The public key is your Trezor's Bitcoin address, which is like the P.O. box number on the outside of the safe—it's okay to share this so people can send you Bitcoin. Action: Get and set up a Trezor hardware wallet. * Why a Trezor? A hardware wallet is the gold standard for security. It is a small computer designed for one purpose: to keep your private keys safe. It generates your private keys offline, so they are never exposed to the internet, malware, or viruses on your computer. * The 24-Word Seed Phrase: During the setup process, your Trezor will give you a list of 12 or 24 words. This is the most important part of your Bitcoin journey. This seed phrase is the master key to your entire wallet. If your Trezor is lost, stolen, or broken, you can buy a new one and use this phrase to recover all your Bitcoin. * NEVER take a picture of it. * NEVER type it on a computer. * NEVER tell anyone what it is. * Store it on paper in a very secure, private place. Part 3: The Simple Weekly Process This is the ritual that will make your investment plan work. It's called Dollar-Cost Averaging (DCA), and it removes emotion from investing. You are buying a fixed amount regularly, regardless of the price. Your Actions (Repeat Every Week): * Buy on the Exchange: Log in to your CoinSpot account. Deposit $500 AUD using PayID. Find Bitcoin (BTC) and execute a buy order. Your Bitcoin will now show up in your CoinSpot wallet. * Withdraw to Your Wallet: * Get the Address: Plug your Trezor into your computer. Open the Trezor Suite app. Go to the "Receive" tab and generate a new Bitcoin address. This is the public address you will send the funds to. Always double-check that this address matches what you see on your Trezor device screen before you copy it. * Initiate the Transfer: On CoinSpot, go to your Bitcoin wallet and select "Withdraw." Paste the Bitcoin address you just copied from your Trezor. Enter the amount of Bitcoin you want to send. * Transaction Fee: The exchange will charge a small network fee to process the transaction. This fee pays the people who secure the Bitcoin network. It will be deducted from your withdrawal amount. * Confirm the Transaction: The Bitcoin will be sent to the blockchain (the public ledger). After a few minutes, the transaction will be confirmed, and your new Bitcoin will appear in your Trezor Suite app. By following this process, you are taking a smart, long-term approach and, most importantly, keeping your investment safe. Hope this helps you and it was worth the money!

Rich-Inspector-7483

Hey u/SquadJam99, Step 1: Buy Your Bitcoin * Best Place to Buy: Use a trusted Australian exchange like CoinSpot or BTC Markets. * Process: Sign up, verify your ID (KYC), deposit funds via PayID, and buy $500 AUD worth of Bitcoin (BTC) every week. Step 2: Store it Safely * Rule #1: "Not your keys, not your coin." You need to move your Bitcoin off the exchange and into your own secure wallet. * Best Solution: A hardware wallet. It's a physical device that keeps your private keys offline, protecting you from hackers. Step 3: My Winning Hardware Wallet Choice The wallet that makes your life the easiest is the Trezor options (5, 3, or one, are all fine depending on your budget). * Why it's the easiest: It's the most user-friendly and secure option for a beginner. The setup is straightforward, and the Trezor Live software is intuitive for managing your Bitcoin. Weekly Process: * Buy $500 AUD of BTC on CoinSpot. * Withdraw it to your Trezor live app. * Repeat every week. This simple process of "Dollar-Cost Averaging" and self-custody will set you up for success. Good luck! DM me for more help if I won!

briandesigns

How much did you pay the guy who decided on Bitcoin out of the millions of possible investment vehicle for you? How much did you pay the guy who decided on the $20AUD bounty for you? Sarcasm aside, If you have enough analytical skills to choose BTC, you can probably choose a decent hardware wallet for yourself.

_AnimeIsLit

It just happened with me, I read it on a NEWS SITE saying ETH ATH is over at 7.2k AUD so my dumbass sold. And now all the bigwigs are buying it and i know damn well the price is just going to moon and I'll cry myself to sleep while i gamble my solana away

Rix0n3

Unfortunately its not looking profitable for Australians, the average electricity price generally ranges from 25 to 35 cents per kilowatt-hour (c/kWh), based my calculations off Western Australias rates. 💰 Electricity Cost in AUD 288 kWh/day × AUD 0.3237 = AUD 93.22/day Add Synergy daily supply charge: AUD 1.16 Total daily cost: AUD 94.38/day 💵 Revenue in AUD Income: USD $51.49/day 1 BTC = USD $118,990.38 → FX rate approx 1 USD = 1.55 AUD AUD revenue: $51.49 × 1.55 = AUD 79.81/day 📉 Final Daily Profit (AUD) Revenue: AUD 79.81 Electricity + supply: AUD 94.38 Net daily profit: AUD –14.57 (loss) Monthly loss: –$14.57 × 30 = AUD –437.10 Yearly loss: –$14.57 × 365 = AUD –5,317.05 Calculations might be more appealing if you you access business energy plans with lower kWh rates, Off-grid Solar + Battery or you could place your rig in a country or facility with lower energy costs.

Enough_Product_3982

Purchased 7 eth at 3700 AUD sold at 5800 at the time market was struggling to get past this price so decided to sell. Am feeling it now

iTzSonicHD

I am? I put $500 AUD in a month, $100 a week on a Tuesday?

Dark_Raiden_

Dollarydoos is AUD

Available-Country540

Mate I used to buy at least 2 bitcoins every weekend for about 7 months to buy coke off Silk Road. Back then they were under AUD $300 😭 We made great memories, but holy shit do I have some regrets 💔

painfulbunny__

literally after 5 years of holding ETH, I decided to sell at 6k AUD thinking it’ll be the same… fall before ATH. To my surprise, could’ve made an extra 2 grand. This experience is enough proof of your claims being, uh, true.

ProlificAvocado

I'm happy that its up, but I'm sad that it really just shows how bad AUD is right now. Happysad.

hotnsweaty69

So I should’ve sold for AUD then bought back into ETH instead? Or same same

manageablemanatee

>Already bought a house. Two kids. Ah, you're already winning at life! >yeah why not I just swapped the XRP at a $0.03 profit into ETH, so I won’t pay any tax on it ( unless I sell the ETH) I'm not a tax expert but I think you'll find that's not how things play out as far as taxable events are concerned. Swapping XRP for ETH would be treated as equivalent to disposing of the XRP for AUD for whatever it was worth at the time while simultaneously obtaining the ETH for whatever it was worth at the time. I doubt the ATO is going to chase you over 10 or 100 dollars profit mind you.

wallyone123

Oh no CRO getting mentioned. 🤫 not until $1 AUD please.

bitcoin_islander

In AUD

qldvaper88

6000 AUD is a brick wall.

qldvaper88

It's bouncing of 6000 AUD I swear, every fuckin time.

SeventhEyrie

Sorry, newbie here so this may be a dumb question, but how so? If I need USD 100K to buy 1 BTC and the USD devalues 50%, wouldn’t it mean I need USD 200K to buy 1 BTC? If I buy BTC in AUD and the USD falls against the AUD, isn’t that better for me? How is the BTC pegged to the USD.

xmrcache

Damn my man I was legitimately thinking you had bought in with another currency other than USD…. Did a dive into XRP vs AUD but AUD peak was only $3.55… https://www.reddit.com/r/CryptoCurrency/s/NrgP1hO7DF Totally wasted my time lol

xmrcache

Must have been not USD maybe AUD since their currency is like 50% more than the price of USD… idk what the cost of XRP was at the peaky-est if the peaks… $3 USD rn is like $4.63 AUD **Edit:** *but now that I am checking AUD to the price of XRP the highest that ever was like $3.55 on coingecko….* *This guy must have bought it with an alternative currency other than USD… unsure what currency? but also who knows if he even bought it or is just trolling…*

Cannister7

I think it depends where you are. They just added support for AUD but in the way you said, you have to pay it in yourself (regular direct debit). But you can then set it to automatically purchase BTC.

qldvaper88

ETH isn't trying to break 4k USD, it's 6k AUD. It sees 6000 and just refuses, we've been within $15 many times over the last few weeks, it's crazy.

Hanzieoo

Here is my travel spending plan. I sell BTC on Robosats from a Blink wallet. Mostly in Euro coz it seems a lot of people pay a premium of 0.5 to 2% above spot. Prob Russians or Ukrainians looking for hard money to escape the chaos in the region. I got a Revolute card but Wise prob works too. I get the payment from the Robosats P2P via Revolute in Euro, the transfer it to AUD. Then when I travel I move it to the currency of the destination and use the Revolute physical or digital card abroad. Easy to top up as I travel if needed, I usually keep below $300, just cause P2P and who knows how secure Robosats is. So far 95% success with Robosats 5% failed transactions but with no funds lost. Will recommend it.

Due-Candy-8929

If currencies exchange it can actually work out better for the weaker currency if it retakes ground… Ie. If people cash out USD at the top of the market, and then the USD is able to regain its value against EUR then the downturn works well… Ie. AUD is down atm as well… so for $10 USD I am getting $15AUD… works out well for me if we get to the top of the market, cash out, and then if that $15 AUD can get closer to $15USD Some People trade currencies for profit so it could just be another factor to consider With various stablecoins available it might actually be easier for people to engage in currency based trading…. Ie. Maybe it’s better to convert into a USD stable coin while you think the USD is weak against the EURO… alternatively sometimes maybe the USD is really strong, so the EURO is a better opportunity

wallyone123

CRO back to 30c AUD please.

wallyone123

Just change your currency to AUD and your laughing mate

ANIAT444

A daughter and I dca'd $50 AUD each per week for 60 weeks (= $6,000 AUD) from Jan 2023, we accumulated = 0.24 BTC which was worth = $44,000 AUD on 14/7/25 ATH = 633% increase on our $6,000 initial investment.

PapayaAvailable2156

Yeah if you use NZD as locl currency then AUD option will fit into you. I guess if you join the kraken and go on with the deposit, gou could might see AUD as a option. If you select and proceed it you can choose the PayID option. It will give you a formatted information of account to deposit, and you can easily make a bank transfer to that account And I just found out that PayID is basically only for AUD in Australia, so you might not have a PayID account as a New Zealander, but there's some NZ banks that offers this service. I easily found out a bank called ANZ, offering this sevice. I dont know their reliability but do a search and I think you will get more banks that supports PayID

alchem04

Hi, I'm using NZD so I assume I'm going with the AUD option? Can you explain in more detail how payid > kraken+ works pls? Thanks

PapayaAvailable2156

If you are CAD, CHF, AUD, JPY user, the only option for you is Kraken. So buy Kraken+ membership for $4.99/month. These are the paths | \*\*CAD\*\* | \*\*Kraken+\*\* | Interac→USDT/USDC | \*\*$5/month\*\* | Revolut → EUR Strategy | | -------------------------------- | ----------------- | ----------------- | ------------ | ---------------------------------------- | | \*\*AUD\*\* | \*\*Kraken+\*\* | PayID→USDT/USDC | \*\*$5/month\*\* | Revolut → EUR Strategy | | \*\*CHF\*\* | \*\*Kraken+\*\* | SIC→USDT/USDC | \*\*$5/month\*\* | Revolut → EUR Strategy | | \*\*JPY\*\* | \*\*Kraken+\*\* | SWIFT→USDT | \*\*$5/month\*\* | Revolut → EUR Strategy | The alter option for you is make a revolut account (UK Neo Bank), and then change your currency into EUR/USD/GBP, then use the previous currency options.

WhiskasCatMilk

Realistically the best answer to that question is to buy or sell at pre determined points based on the coins baseline level or if it exceeds a breakthrough point. For example (speaking in AUD terms), I have notifications set if bitcoin reaches 179K or drops to 160k. (Roughly) That way you can buy in a good dip, or you can buy high and capture current momentum. There's a lot more to it then that, but this is as simple as I can put it.

Overall_Lie_7341

This used to be my thoughts too. Until I really looked into it and found growth assets performed better than dividend assets. So I moved most of my money to growth assets, knowing one day I’d have to sell a small proportion annually to fund a lifestyle. Bitcoin at $1m US ($1.6m AUD) would be it for me. I’d feel comfortable to start selling some to fund a lifestyle then, and stop the daily grind…

NiagaraBTC

Do you mean it's $5500 over 'spot' and $5500 under? That's a 3% premium to buy or sell on the AUD$180,000 price. That's quite high but not insanely high, especially if there are no other fees. Probably not a lot of competition for Aussies. You need to look at percentages, not the dollar amount, for any spread. Soon enough the spread will be $111,000.

Faenor1

Yeah, Aussie banks have really started cracking down lately, super frustrating. I’m in the same boat with NAB, and it’s been a pain trying to keep a consistent DCA strategy going. One thing that’s worked for me recently is using PayBTC. It’s not a full-blown exchange, more of a simple service where you can buy BTC directly with AUD, just pay and receive. The process is pretty fast and clean.

ANIAT444

You’ll do great - a daughter and I did $50 AUD each for 60 weeks (= $6k) in 2023/2024 weeks we accumulated 0.25 BTC which was worth $46k AUD at yesterday’s ATH.

DangerHighVoltage111

> 1. The blocksize did get increased with Segwit which introduced block weight, effectively raising the block size limit to ~4 MB in some cases (more around 2MB in normal usage, which is double the size back then). So the claim that block size never increased ("refusal to increase") is either uninformed or dishonest. > > 2. Fees are counted in cents currently, even in the current bullrun/new ATHs. Fees are constantly low on LN, fraction of 1 cent/tx (despite Bitcoin's price soaring), cheaper than on Bcash (even with Bcash's value consistently decreasing). > > 3. Bitcoin adoption is broader than ever. We can look at UTXO distribution and LN growth: the number of low-value UTXOs and small-channel Lightning nodes keeps rising. This suggests growing grassroots usage. Your "1%" claim is baseless. > > 4. Begone, back to your r/btc safe space, nobody is interested in your 2016-2017 debate that you've thoroughly lost: on chain, in the market, and on forums. 1. Yes in a very convoluted way that later enabled the bargain for JPEGs on the chain 💩 But it actually didn't increase the throughput measurably. When you look at this graph you can see 3 phases: bitinfocharts.com/comparison/bitcoin-transactions.html#alltime - first until 2017 when the block were not full yet - second 2017 - 2023 "Segwit adoption". See how the graph just stays leveled? - third 2023 Ordinals are introduced and use tiny tx that unload the data into the taproot block, meaning they pay less fees and can put more tx into the 1MB block. 2. Fees are counted in sats and no matter the price, the richer ones will outprice the poorer ones when they want to make a transactions. Now since BTCs throughput is so limited, you need only 0.01% - 1% of the rich to completely block the other 99%. All you are saying is, that nobody currently wants to transact on BTC. If you don't count the channel open the fees on LN might be cheaper, but never when you factor in the channel management. L1 fees also bleed into LN. I have seen Phoenix wallet charging 70AUD for a single transaction. bCash fees are consistent making it reliable to transact. 3. Only if you count hodl and gamble for more dollars as adoption. Oh and of course the custodial LN adoption, but imo this is not bitcoin a p2p cash system. Because self custodial LN stats have been stale: bitcoinvisuals.com/lightning to put it nicely. 4. Thankfully the r/CC mods have lighten up a bit and don't follow your delete opposing opinions agenda any more. You need to provide evidence and facts for you points, I know this is hard when you had the c*********p on your side for so long. The debate is current now more than ever, you are just afraid to hold it.

DangerHighVoltage111

1. Yes in a very convoluted way that later enabled the bargain for JPEGs on the chain 💩 But it actually didn't increase the throughput measurably. When you look at this graph you can see 3 phases: https://bitinfocharts.com/comparison/bitcoin-transactions.html#alltime - first until 2017 when the block were not full yet - second 2017 - 2023 "Segwit adoption". See how the graph just stays leveled? - third 2023 Ordinals are introduced and use tiny tx that unload the data into the taproot block, meaning they pay less fees and can put more tx into the 1MB block. 2. Fees are counted in sats and no matter the price, the richer ones will outprice the poorer ones when they want to make a transactions. Now since BTCs throughput is so limited, you need only 0.01% - 1% of the rich to completely block the other 99%. All you are saying is, that nobody currently wants to transact on BTC. If you don't count the channel open the fees on LN might be cheaper, but never when you factor in the channel management. L1 fees also bleed into LN. I have seen Phoenix wallet charging 70AUD for a single transaction. bCash fees are consistent making it reliable to transact. 3. Only if you count hodl and gamble for more dollars as adoption. Oh and of course the custodial LN adoption, but imo this is not bitcoin a p2p cash system. Because self custodial LN stats have been stale: https://bitcoinvisuals.com/lightning to put it nicely. 4. Thankfully the r/CC mods have lighten up a bit and don't follow your censorship agenda any more. You need to provide evidence and facts for you points, I know this is hard when you had the censorship on your side for so long. The debate is current now more than ever, you are just afraid to hold it.

BTC_Commons

Buy Bitcoin P2P. I just opened Bisq and there are 3 offers in AUD, and 2 of them are at 0% spread, which is a better deal you will get at any centralized exchange. One is for $916 and one for $2932. You can also try other platforms like Robosats and Hodl Hodl for offers in your currency. Good luck.

Puffy_707

I use an ANZ plus account purely for depositing my AUD to kraken Pro. you have to disable an option in the settings which will allow you to deposit money to various crypto providers, but once thats done you can easily transfer money.

qldvaper88

Using multiple full BTC as utility tokens on Ross Ulbricht's website was my biggest mistake. Could have just put one away ya know, just $70 AUD at the time.

Lazy-Opportunity676

I bought at last halving's ATH when I first got into crypto. About 90k AUD. I was devastated to see the price plummet after that. Of course I continued to invest and bought more in the dip. So I still came out ahead. But I would probably have twice as much BTC if I showed some restraint and didn't by out of FOMO or sheer lack of knowledge. Things could be different now. So many other factors at play. Spot BTC ETFs. Bitcoin reserves. AI etc. If you feel comfortable buying now, go for it. If you'd rather wait for a dip, you might save some coin. The main thing is to get on board.

Ok-Basis7347

lol me wishing I did at 166k(AUD)

Colours-Numbers

oooh lord that XRP candle I picked 4.20 AUD by year end not week's end

qldvaper88

ADA back to $1 AUD too hip hip.

JustStopppingBye

>You'll need a bridge asset for all of these private bank coins Incorrect. It’s honestly bizarre that the XRP community are the only ones still clinging to this whole “bridge asset” narrative, whens its proven to be obsolete. [This pilot proves bridge currencies are not needed.](https://www.visa.com.sg/content/dam/VCOM/regional/ap/singapore/global-elements/documents/interim-report-e-hkd-pilot-programme-phase-2.pdf) They perform an AUD-to-HKD exchange using smart contracts and chainlinks CCIP. >plus JPM coin was a failure ?????????? [https://www.ledgerinsights.com/jp-morgan-says-jpm-coin-transactions-have-exploded-because-of-programmability/](https://www.ledgerinsights.com/jp-morgan-says-jpm-coin-transactions-have-exploded-because-of-programmability/)

MichaelAischmann

NEVER FLEX INVESTMENT AMOUNTS. I bet your DMs are full of scammers now. If you want fiat, don't spend it on crypto. Buy crypto if you want crypto, if you see it being better than fiat, if you have use for it. Stablecoin DeFi yields can generate 10-18% APY with relative safety. If you want $300 AUD per week on a $45k AUD investment, you need a yield of >30% per year.

SeemedGood

We already have a CBDC. It’s called the USD (and the EUR, and the JPY, and the GBP, and the CHF, and the AUD, and so on).

Big-Tram-Driver

A judge in Australia recently ruled it was like the AUD https://investingnews.com/bitcoin-cash-australian-judge/

Ok_Rent_2937

Stack everything - real estate, bitcoin, stocks and gold. They are all going up in nominal value measured in your fav fiat - USD, Euro, GBP, JPY, AUD, etc

tallreagan

do that every week or month, no matter the AUD price

Ok_Rent_2937

You need to invest at least AUD 166k to buy at least 1 bitcoin.

Ok-Basis7347

Hello, new to bitcoin. I was wondering how much should I invest at this late in the game? I just put $300 in (AUD) to start with. Cheers! 

Dettol-tasting-menu

And the tax advantage probably isn’t something permanent. I wouldn’t count on it. When pressure is high, all governments will eventually break their promises and start taxing our self contributed pension (and anything else that they can get away with). Australia is passing a new law that will let the government to tax *unrealised* gains on pension (called Superannuation here) account with balance over AUD 3m… it’s super disappointing that many people just don’t care because “they’re only going after the rich, I’m not rich”. It’s exactly the modern version of “First they came for the socialists, and I did not speak out, because I was not a socialist" The good thing about bitcoin is that I can hop on a plane with 12 words in my head and there’s nothing they can do about it. NYKNYC never rings any truer.

twitch-switch

I know they're allowing Aussies to pay with AUD and removing USDT. Possibly related to that?

Dark_Raiden_

Dude btc is LIMP. DXY is absolutely cooked. Even AUDUSD is flying and trust me AUD is USDs bitch, so that says a lot. And btc is only 110k and almost under 90k euros

Wendals87

1 Bitcoin = 1 Bitcoin but as USD is the most promiment currency in the world, its most often traded against USD but you can definitely trade against other currencies for roughly the same price once you do the currency conversion Here, many exchanges have BTC/AUD pairs and it roughly works out the same if you convert the AUD into USD. Currently its 163,684 AUD/BTC which is the equivalent of 107,262 USD/BTC if USD collapses, the whole world economy would be totally fucked. Bitcoin would drop drastically in all trading pairs. If a new currency comes out on top,

WalksOnLego

There is a major flaw in centralised ledgers: UniSuper, an Australian retirement fund for 647,000 members found its entire system deleted by Google Cloud. Just to be clear: *its entire system deleted by Google Cloud.* All of it. Gone. Poof. Accidentally. About $AUD135 billion in retirement fund data. The took a couple of weeks to (thankfully) recover it: >...forcing UniSuper to fall back on an additional backup held at another service provider. All data, accounts, and money were unavailable for two weeks until the full restoration was confirmed by UniSuper on the 15th. >https://www.notebookcheck.net/Google-Cloud-deletes-135-000-000-000-account-for-Australian-UniSuper-retirement-fund-then-takes-two-weeks-to-restore.839174.0.html Everyone in this sub should look to repurpose an old PC as a Bitcoin node.

staffnsnake

That makes you sick to think about? In September 2016 I sold *3 entire bitcoins* at AUD$795 and bought kilts with it. Buy more now anyway, or you’ll feel sick again.

PutMiserable34

Yes definitely.....at this stage we are investing....every bit you spend now is a big loss for your future. I was about to buy 10 bitcoin for 30KAud$ just 10 years ago and I let my sons talk me out of it. Only worth AUD$1,500,000 today. So don't cry a river as I am still doing just invest those one day worthless dollars on your future as that dollar today can buy more bits of BTC today than it can tomorrow given $ inflation as government just prints more to solve their problems. Don't forget that little bit of bitcoin you buy today is guaranteed growth given there will be only 21 million of the coins mined. You know this....so do I....so I'm mainly reminding me. Please don't buy too many as we are happy sharing citizens.

Strict_Cantaloupe984

Being honest with you I’d choose any crypto over bitcoin. I hate bitcoin, I have about 160k AUD worth in crypto and not a single cent of it ever has or ever will go towards bitcoin it’s garbage it’s trash

Both-Dragonfly-6589

What to donwith 2.50 AUD?

ExplanationTop7533

So much red tape to cut through and local, state, and fed just point fingers at who’s to blame when really there’s too many hoops to jump to build a shed in the backyard. Also lots of NIMBY mentality. Local councils are reluctant to approve homes. They sit through numerous panels including public notifications. The community rejects big projects in fear of their own property price falling due to increase in housing supply in their town. In the US, population growth is high but homes get built fast enough and popularity of fast building projects using prefab homes. The exception is in major cities like New York, San Francisco, or downtown LA where the issue is land scarcity. You can buy a 4bd 2 bth on a half acre block in Eureka CA near the coast for AUD 750k/USD 490k. It would be pretty hard to find any 4bd 2bth half acre block home on the East coast of AUS for 750k especially in NSW. A similar home in Bundaberg East cost AUD 1M+ for a 1/4 acre. Not that Bundaberg is an overpopulated regional town. Average build time in NSW is 10 months but that’s just the build. It takes 6 months to process the development application. Lots of counties in CA have centralised and digitised pre-approval system. They also use lots of prefab or modular homes and 3d printed that are mass produced on a large subdivision, rapidly increasing housing supply to a population of 39 million Californians. Australia’s whole population is 27 million. The tax incentives also make it hard for first home owners to get into the market. Victoria is doing something about this by changing land tax which led to thousands of investment properties being sold and bought by first home owners. Fiat might contribute but it’s not the major reason for the housing crisis, it’s too much regulation from people that want it that way to benefit their own agenda to prop market value of homes backed by heavy and lengthy mortgages. Regulations haven’t changed to be in line with modern issues.

ExplanationTop7533

Another perspective is value of homes in Australia is due to lack of supply compared to demand. Homes aren’t built fast enough due to councils role in building approvals. So much red tape to cut through and local, state, and fed just point fingers at who’s to blame when really there’s too many hoops to jump to build a shed in the backyard. Also lots of NIMBY mentality. In the US, population growth is high but homes get built fast enough and popularity of fast building projects using prefab homes. The exception is in major cities like New York, San Francisco, or downtown LA where the issue is land scarcity. You can buy a 4bd 2 bth on a half acre block in Eureka CA near the coast for AUD 750k/USD 490k. It would be pretty hard to find any 4bd 2bth half acre block home on the East coast of AUS for 750k especially in NSW. A similar home in Bundaberg East cost AUD 1M+ for a 1/4 acre. Not that Bundaberg is an overpopulated regional town. Average build time in NSW is 10 months but that’s just the build. It takes 6 months to process the development application. Lots of counties in CA have centralised and digitised pre-approval system. They also use lots of prefab or modular homes and 3d printed that are mass produced on a large subdivision, rapidly increasing housing supply to a population of 39 million Californians. Australia’s whole population is 27 million. Fiat might contribute but it’s not the major reason for the housing crisis, it’s too much regulation from people that want it that way to benefit their own agenda to prop market value of homes backed by heavy and lengthy mortgages.

Spexar

True. Wage growth has been heavily suppressed too. |Metric|1970|2024|Change| |:-|:-|:-|:-| |**Median House Price**|\~$20,000 AUD|\~$1,400,000 AUD|**70×** increase| |**Gold Price (AUD/oz)**|\~$45 AUD/oz|\~$3,500 AUD/oz|**\~78×** increase| |**House in Gold (oz)**|\~444 oz|\~400 oz|**Slight** ***decline***| |**Average Annual Wage**|\~$4,000 AUD|\~$95,000 AUD|**\~24×** increase| |**Wage in Gold (oz)**|\~89 oz|\~27 oz|**\~70%** ***decrease***|

The_Realist01

Newspapers are for the masses. Hate to dunk on you, but this is USD/AUD. Not sure what you’re talking about here, unfortunately.

The_Realist01

Did they just pass an unrealized capital gains tax above like 2m AUD? That is sadly hilarious. Will likely cause Real Estate Crash given the impact.

Inside-Definition-42

BTC is WAY more volatile than any developed world currency though! If you’re betting 100% of your future happiness and meeting life goals on AUD-EURO appreciation I would reconsidering my risk profile!

shervek

Thanks. What they don't realise is how fucking easy it is to say that in retrospect. Many people back then predicted the AUD will rise based on sustained resource export demand, while the euro faced unique and extreme challenges (e.g. the proxy war against russia and the trillions printed to spend on it). So, yes, if I had somehow magically fucking known, I would have saved in a euro account instead. That's the WHOLE point of my post. That fiat is unpredictable and can crush your dreams easily. Not that I was lazy enough to search for a euro savings account when I could have.

shervek

It's because the $US is under-performing. It buys now 88 cents, but I wouldn't be surprised if it ends up like the AUD, going from 82 cents to 57. The $US is yet to be shitified. But it's happening.

Newbie123plzhelp

If it makes you feel any better AUD has only lost 4.4% in the last 3 years against USD (worlds best shitcoin). I feel your pain though, that's why I try to minimise my AUD holdings and maximise my BTC holdings.

shervek

I gave up everything for this dream. Hobbies, holidays. Just focused on saving money to make it happen. As the AUD has been plummeting these past 3 years, the more I save, the less I have. Like literally, all those savings thrown into a VOID. I should be a fucking poster child for the case for Bitcoin. When I think of all those days getting up early for work and suffering in a job I hate. What for? To make someone else rich and make myself poorer in the process. What a scam fiat is. Especially if you work in a foreign country and all your savings could disappear because of simple variation of exchange rates. I don't know how bitcoin is not embraced by billions of people struggling financially. It's the only way to get out of this dystopia for us working class people.

Darren0590

Add 13 AUD and withdraw then, it’s not a difficult solution.

Fluid_Garden8512

I'm surprised you have been using Binance for this long, with AUD pairs being disabled for many years now. Kraken Pro and Strike just sent me an announcement AUD will be added in the coming weeks.

Huge-Consequence1700

Fair enough 😀. Then AUD$. But it's same about the way to look at it. A lot of zeros and digits will not "make you a winner", if the buying power is the same (or worse) as it was before.

First-Rip5377

Depreciating Pacific Peso aka AUD

PutMiserable34

I hate stock investing as it diverts attention away from just living life. Buy this sell that is endless. Property not. Borrow, invest and set and forget. Bitcoin to me is an essential investment like property as long as you believe in it ...something you can own. Aim for set and forget. It is the future. I wish I'd bought 10 for $AUD30k 10 years ago but I've bought 1 and that will do. Enjoy reading the chats here....very entertaining.

MikeDSproto

There are 3 criteria to becoming Aboriginal: 1. Descent 2. Self-Identification (EZPZ) 3. Community Acceptance (High CHA builds should ace this no problem) The trickiest part could be #1. You will either have to fake your birth records or spoof a DNA test. You must somehow prove familial ties, and unfortunately marrying in won’t count. The good news is, as I researched this further, I discovered this upcoming bill doesn’t apply to personal investments. Krueger was an idiot for presenting it that way. It only applies to TSB balance exceeding 3M AUD in assets. That’s the mandatory retirement contribution program they have over there, so it’s not likely to affect the price of Bitcoin.

2LostFlamingos

I don’t see AUD in the title

ChrisWaves

Used to work in IT in 2012 and the lead software developer announced bitcoin just passed $1000AUD thought nothing of it, forgot about it…oh to go back

Lufia321

Crypto Tax Calculator charges a once off fee, but then it's $250 AUD a year. They're better then Koinly, because it requires less work. Koinly is so annoying to use, the only benefit they have is they have more exchanges. Other than that, it's a headache to use them.

Jolly-Championship31

in comparrison to AUD, 22nd January 106,100USD=169,400AUD. thoday we at 109,200USD=168,700AUD.

Dark_Raiden_

You know USD is in the bins when even AUD is pumping against it

armantheparman

Smol rant on the lingo of money... Currency is backed by money. Money itself has no backing. If it did, the backer is money, the backee is currency, not money. Bitcoin is becoming money of the world. Not global currency. Not reserve currency. Not asset (which can appreciate in value), but money (whic measures value). It is not money yet, except for the community of traders that truly use it as money, isolated from their country's trade and it's money (ie no one). Again, Bitcoin is not money, it is becoming money. This is not a blemish on Bitcoin, it is about defining money. Clearing this up helps discussions. One way to think of money which might help is like this... 1) first define the circle around the economy, eg Australia 2) then look for the token that is ubiquitously accepted and preferred in trade. In Australia, AUD is money. In Uzbekistan, AUD is not money. Bitcoin is not money in either economy. For the entire world, we have barter, but the closest thing to money is USD. Gold certainly is not world money, because USD by far is preferred. USD isn't backed by gold. If it was, gold would be money, and USD would be currency (as it once was). So USD is money of the world, nearly. It certainly is money of USA. Labelling it money does not award the property of it being good, nor sound. USD like all fiat is unsound money, and shit. "Sound" referring to ease of creating more (hard money vs easy money, DONT SAY SOFT MONEY!🤣) I could be wrong about the following, and if so, it doesn't change what I've said so far, but I'm not sure if gold was ever world money (as opposed to local money in local trade in multiple communities across the world). I can't confirm if there ever was a time when there was significant world trade where gold was preferred over bartering the money of each country... When each country has gold as money, international trade was insignificant, I SUSPECT. As international trade grew, paper trade took over to solve the friction. If correct, this suggests gold can never serve the world economy as money, it will always need paper. Bitcoin fixes gold.

CapitalIncome845

Assuming AUD is some Australian stable coin, no, not ok. Exchange it for bitcoin.

Acceptable_Hand8622

Is there an actual official source of say usd to BTC, or aud to BTC. Or is it different on every exchange you go to because they all have different spreads, order books etc. If you google BTC / AUD there will be a number of different values. I am confused where the ATH comes from.

Cameltoegringo

Price in AUD still is 20k from ATH, what happened to your currency USA?