AUD

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?

Kie_ra

170k AUD

Evilmoustachetwirler

Another 6k AUD and I'll get excited

Shyssiryxius

Not in AUD..

Rude_Adeptness_8772

It's already ATH for btc-aud. 167k AUD

tsudonimh

Just going by the news report, it really doesn't sound like the judge's reasoning is sound. Also, it's only a ruling on an interlocutory appeal (ELI5 - a way of saying, hey, we're in the middle of this trial, can you give us some direction for now? On the understanding that we can/will appeal it later), so it's not a final judgement by any means. I'd have to read the judge's actual words, but the news report makes it sound like the judge thinks that bitcoin is property, but property whose aspect is closer to AUD rather than foreign currency/gold/shares. The report's author claims that it's akin to swapping a $20 for two $10s. I have little faith that reporters understand the material they cover, so I don't know if that's correct or not. It's not a ruling in favor of the defendant, who is claiming that BTC is not property, but information.

LightOverWater

Lol no. Do you pay capital gains tax when you buy something in another currency? Every time you buy something on your credit card in EUR, GBP, AUD, CAD you pay capital gains on your USD? You exchange your money before you go on vacation abroad, do you pay tax? You buy foreign stocks in your brokerage account- do you pay tax?

LightOverWater

Do you mean everyone would withdraw their BTC in AUD to trade for other currencies?

Impossible-Pear1676

bitcoin works very well as a medium of exchange. The value of transactions happening on the Bitcoin network is very high right now and getting higher. not every transaction needs to happen on the bitcoin network though, most transaction can take place on a different layer and be through some token or another that is pegged to the value of bitcoin. The world's money will run on a Bitcoin peg in the future. The AUD is fine in that you feel comfortable with it as you used it your whole life. But you may feel less comfortable if the AUS government decides to print a trillion AUD to beef up their military or something. For example if you live in Turkey or Argentina right now you would not take much convincing to ditch the lira and pesos and move to a bitcoin standard.

AppearanceAgile2575

So you’re relying on something you’ve never used before for a dire situation? You waited until one day before you need to make the payment to ask strangers on the internet for 2500 AUD? Did you think any of this through? I don’t know if you’re telling the truth or not, but either way you need Jesus.

DePin-Luke

Even small investments add up over time. $500 AUD monthly is a great start to building your crypto portfolio. Keep learning and stay consistent.

Ok_Attorney_1768

Cool! I didn't realize anyone's vision for Bitcoin was this ambitious. I think I understand a lot of what you are saying but I'm concerned I'm missing part of your meaning because bitcoiners use some words differently to everyone else. Specifically in the context of our conversation I'm wondering if we have a shared understanding of what currency, ledger, value and wealth mean. > A common agreed gauge of value as a basis for transactions. Used to be gold, now it's US dollar, will be Bitcoin. As an Aussie transacting in AUD there has never been a time when I wanted to know what the equivalent gold or USD value of a transaction was. It's hard to imagine a time when I will care about how many BTC I just spent. I have a lifetime experience of gauging value in my local currency. As far as I can tell the vast majority of the planet are happy to continue understanding value the way they always have. Can you explain what would make people want to transition to a new gauge of value and why they would choose Bitcoin? >Currency isn't supposed to have intrinsic value, it's supposed to be a ledger to keep track of who owns what. And the strength of the ledger is based on how hard it is to mess with and change and corrupt. I'm not sure if I follow what you are trying to say. For me currency equates to cash (notes and coins) its primary purpose is a medium of exchange. Money includes things that can readily and reasonably reliably be converted into cash but aren't backed by cash. For example on call deposits at a licensed financial institution. It's largely displaced cash as a medium of exchange. Assets included things that produce income streams or have intrinsic value and can typically be converted to cash for close to their intrinsic value or future revenue stream without significant delay. Bitcoin doesn't seem like a reasonable substitute for cash or money because it doesn't work well as a medium of exchange. Many people consider an asset. I'm not convinced. It produces no income and I haven't been able to convince myself it has value. Despite this I hold a small amount of Bitcoin. I've already profited by selling more than I bought and still have an open position in case I'm the only one who doesn't get it. Bitcoin can't scale to be the who owns what ledger for all cash and money. What do you see as the next steps for greater adoption?

ItsAllAMissdirection

Your the scammer rn or you saw a phrase online and feel half for the scam. You saw the seed phrase Input it after someone said how do I get X amount of trust wallet here's the seed phrase You did that Saw I'm guessing 1-5k eth in USD or AUD Tried to withdraw and saw the message no gas/funds for the chain to pay it's a multisig wallet you would never be able to send money out as the wallet you view is a view wallet in the multisig wallet. Multisig wallet requires multiple people to confirm/make the send. IF YOU SEND ANY FUNDS TO THE WALLET THEY TAKE IT $3-5 DOLLARS EVERY PERSON TRYING WHAT YOU DID ADDS UP THAT'S WHY THE SCAM WORKS.

ElPeroTonteria

It doesn’t matter… and once they understand that, then they buy… $500k $5mm, if you need to move $1.8mm USD and buy a house in AUD, it doesn’t matter what the price is, you’re buying the transaction… no one is saving in USD and looking up the DXY ticker. They’re just saving their money

Mantis-Prawn

Apparently OP is based in Australia, so likely these figures are in AUD

jonnytitanx

Bought my first BTC for $300(AUD) some years back. Sold it for $13k like a genius a few years later. It actually got me out of homelessness so no regrets, even if it would be worth 10x more now.

ThreadParticipant

Dunno about that… bought one at $300AUD in 2013 and just been here for shits and giggles… though now I might have a get out of jail for free card.

uniqueheadshape

Right. I am keen to get Umbrel but for $600 AUD I am thinking a cheap i5 laptop might be a better solution for a while?

Jonhed95

If you live in Australia I have a promo code that gives you $30AUD worth of free bitcoin if you sign up through the link. I've had 3 of my mates use the link and once they've created the account, verified their details and made a trade (even as small as $1) the $30AUD worth of bitcoin will appear in your account within 10 mins. The promo lasts until the end of May. What do I get out of it? I also get $30 of bitcoin for every sign up that uses my link. https://trade.swyftx.com/register/?promoRef=rf_4f6FsaXGg3eDgue1NaESV9

Jonhed95

If you live in Australia I have a promo code that gives you $30AUD worth of free bitcoin if you sign up through the link. I've had 3 of my mates use the link and once they've created the account, verified their details and made a trade (even as small as $1) the $30AUD worth of bitcoin will appear in your account within 10 mins. The promo lasts until the end of May. What do I get out of it? I also get $30 of bitcoin for every sign up that uses my link. https://trade.swyftx.com/register/?promoRef=rf_4f6FsaXGg3eDgue1NaESV9

Jonhed95

If you live in Australia I have a promo code that gives you $30AUD worth of free bitcoin if you sign up through the link. I've had 3 of my mates use the link and once they've created the account, verified their details and made a trade (even as small as $1) the $30AUD worth of bitcoin will appear in your account within 10 mins. The promo lasts until the end of May. What do I get out of it? I also get $30 of bitcoin for every sign up that uses my link. https://trade.swyftx.com/register/?promoRef=rf_4f6FsaXGg3eDgue1NaESV9

Jonhed95

If you live in Australia I have a promo code that gives you $30AUD worth of free bitcoin if you sign up through the link. I've had 3 of my mates use the link and once they've created the account, verified their details and made a trade (even as small as $1) the $30AUD worth of bitcoin will appear in your account within 10 mins. The promo lasts until the end of May. What do I get out of it? I also get $30 of bitcoin for every sign up that uses my link. https://trade.swyftx.com/register/?promoRef=rf_4f6FsaXGg3eDgue1NaESV9

Decent-Put-173

Bitcoin is up to $160k AUD.

sinan-aydin

Welcome to crypto Its great that you are getting started $400 AUD is a solid first step. Make sure you research each project you have invested in and always manage your risk. For learning and discussion consider joining reputable communities like the CryptoTalk forum r/CryptoCurrency on Reddit or trusted Discord servers linked to well known YouTubers or trading educators.

Mochi101-Official

.... and that's only the USD. CAD, EUR, AUD, MXN, YEN...

escherAU

I still kick myself that I was buying 0.5 BTC back in 2017 for $2500~ AUD and have all those transactions staring at me now, as I did the most dumb shit over the years to really diminish my position. Scammed 0.3, gambled 0.8, swapped 2 or so for random shit coins thinking they’d be a better shot. Essentially, greed! I’ve matured a lot now and realise, just keep DCA’ing, just hope I don’t kick myself for the rest of time. It’s all locked away now and will only ever be added to. HODL.

insecur31

About $150,000 AUD

higher-steaks

in AUD for example, BTC is 16% off the highs... in USD its about 15% off the highs. Up until this month or so, the USD has outperformed the AUD for a decade.

Tasty-Neighborhood58

i bought 10 @ $64 AUD and sold at $98. bought some take out and gave the kids some pocket money, good times.

stred28

Crypto On-Ramps( NoKYC) are all but gone 😢 It’s been about 4 months since I have tried to buy crypto using AUD on an dex and a lot has changed!! Thorchains staking and liquidity pools got frozen with 10’s of millions dollars just sitting there unaccounted for!! Rune Price has dropped to almost $1. Original devs left after voting against the North Korean thieves laundering 900m+ in assets through Thor chain protocol. Which probably wasn’t the best idea! 🤷‍♂️ but hey, thorchain made a cool 5 million in transaction fees so it’s all good 🤦‍♂️ Out of dumb luck I withdrew my LP holdings off thorchain just before the Xmas crash people did not have such luck though and have lost savings of 30 thousand dollars or more 😔 Thorchain was the one protocol I truly believed in long term. The more I read and found out about it the more promosing it became. Fundamentally it still has great utility and serves a purpose But the team can’t come back from this imo They’ve lost the peoples trust with lies and deception 🥲 Plus it’s a fair chance they’ll be prosecuted for willingly aiding in the exchange of the biggest crypto heist ever. Cake wallet’s on ramp providers now all need multiple forms of ID even to buy small amounts of 20-50 bucks I still use krakenpro for staking Sats long term goals they’re Awesome! Deposits, withdrawals, customer service is all point. Trading prices are good too. Downside is deposits from an Australian bank account takes up to 24 hours to clear. Far from ideal Swytx is horrible they froze my account a few momths back. Jumped through every hoop and gave them full bank records and passport, address, source of income. Face to face phone calls. Everything. After about 5 weeks they lifted the ban but I could only withdraw Aud. So what’s left? I like using Defi platforms to use and play around with small amounts of coins and tokens to learn what they can do Sorry for the spelling lol Obviously Bisq is still heavily used? But it seemed a little complicated to use and daunting. If I’m honest. I’ve read so many peoples sending money and never getting what they paid for? Moneroswap is gone What about ChangeNow.io?? Seems legit? The app was good but now they’ve stoped fiat deposits for that as well

tenor_tymir

Ah got it. Sending 1000AUD now.

ArticMine

> No, no it won't. I agree. Bitcoin is way to correlated to US stocks for it to benefit from the collapse of the US Dollar. This is not 2013. Since then Bitcoin has pivoted from a P2P cash Cyberpunk currency to a high beta financial asset traded on Wall Street, more of ten than not with significant leverage. I can see the following doing well in a USD collapse: Gold, EUR, JPY, GBP, CHF, possibly CAD and AUD. In crypto Monero (XMR).

Jehu_McSpooran

Kinda. Depends what currency the person is using. In AUD .23 BTC is about $30K AUD

cl3ft

6AUD I spent 1000s

McBurger

Kraken has charts for BTC/ EUR, USD, CAD, GBP, AUD, CHF, JPY… you can easily sell liquidity on any of those

pop-1988

Sell USDT to LTC. Withdraw LTC from Binance to Coinspot. Sell LTC to AUD on Coinspot > How will I track this and document it for the ATO? This isn't an Australian tax advice subreddit. Consult a tax professional

ek4star

I’m also looking to invest in some crypto but honestly I know sweet fudge all about anything. Have been sitting on the fence for a while, especially since I’m not too savvy when it comes to this sort of thing (i.e. shares/stocks/etf’s/crypto etc.), so I end up not doing anything. Would be cool to get some insight on what are good crypto’s to invest into. Willing to invest up to 5-20K AUD. I’ve also heard XRP is a good option but I’m not too sure myself. I’m all ears & would also appreciate some advice. ^_^

OkSeries5363

What happens when you go to the buy crypto page (top left) and try to sell USDT for AUD?

OkSeries5363

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

OkSeries5363

Why not trade on binance, are you not able to withdraw AUD to a bank account on binance? With capital gains, you only need document the trade. Eg Asset, amount, price, fees, date. This will allow you detemine proft against your buy price (if you were not holding USDT for long you likely have no capital gains considerations) Binance and Kraken allow you to export a CSV with all your trades so you can caculate capital gains tax requirments easily.

pop-1988

There's no point in "all these". There's a great point for the two popular stables. USDT famously lost a lawsuit in which it admitted it was only 84% backed, was required by court order to have its funds audited, and still has not complied. In attempting to semi-comply, Tether made up a list of assets which covered the shortfall - loans to related entities Given this poor reputation, with years to fix the problem, and still no audit, Tether is not trusted by everybody. So it makes sense for those who don't trust Tether to use USDC instead None of the other USD-backed stables are big enough to discuss There are algorithmic stables, especially the DAO one, partly backed by meatworld assets like bonds Given that the USD is on the verge of collapse, thanks to extreme tariffs and extreme sea-freight container port taxes, it makes sense to consider than a Euro stablecoin, or an AUD stablecoin might be more **stable**

King-esckay

I used nexo, the interest rates where very high 19% I put up BTC, and the liquidation level was 39k, so I felt safe The advantage was that there are no repayment schedules The disadvantage is compounding interest However, for me, I needed to raise 25k AUD and borrowed 25k USDC Getting a traditional loan meant mortgage increase and would take about 6 weeks to organise Took 10 minutes to put BTC up as collateral and then have the AUD in my bank account. This was for a business, so interest was tax deductible. I purchased BTC monthly with the business to "repay" the loan which was placed into the savings side of the wallet at nexo exhange earning 6% i think it was, by the time I had repaid the loan nearly 2 years later I owed 32k USD In the end, I borrowed 25k USDC and paid back the loan for an outlay 8k AUD Very good outcome for me I have a friend who has borrowed to increase his crypto holdings, and he is always worried about liquidation. So the short answer is, it can be great and it can be risky, I borrowed when BTC was low and paid back when BTC was higher.

Forward_Pirate8615

I once purchased Eth for $200 AUD. I hope it goes back there.

randomdimised

CRO holder here, I'm very lucky I used the free carried method which is locked in VISA Icy Stake ($70k AUD at the time), and its currently worth about $50k AUD at the moment. Its shitty but I don't have my own capital in it so I don't really care what they do...

SolidRevolution5602

100% of my ~$3000AUD savings is in crypto. I have nothing else to my name. I'm balls to the walls on bitcoin. If it don't work out, homelessness retirement for me

waitareyou4real

AUD dollars not US

baggs22

Can't speak for OP, and I'm talking AUD here. Sold at 154k. It's currently at 132k. I'll probably jump back in under 120k. Then might see if it levels out for a bit before topping up.

Wendals87

0.0000990 is $13 AUD. not even close to the $200 you have said

CiaranCarroll

Yes, because nobody outside China wants Yuan, nobody outside Russia wants Rubles, nobody outside India wants Rupis, nobody outside Brazil wants Reais, nobody outside South Africa wants the Rand, nobody outside Australia wants the AUD, and so on... Dedollarisation means the dollar no longer acts as effective collateral for international debt or trade settlement. With so many newly sovereign poles in the world, how will they settle their trade? Gold? HA!

DeepFriedDave69

I’m also a 19m Australian, I put in AUD 8k, about half my savings

procabiak

Empower people? Your $1 USD buys you bread today, and it buys you dirt in 20 years time. If you can't see 20 years in the future, then you eat dirt in 20 years time. Dollars is worthless in the long run. Even in the west, here in Australia, $1.30 AUD used to buy me a whole loaf of bread that is now costing me $2.70 AUD in a mere 9 years. In 20 more years it might be able to buy 1 slice of bread for $1 if lucky. If you don't see the future he is building, then you didn't see that future 2 years ago, when he gave you $30 in Bitcoin on chivo and your people all lined up to sell it for $20. If you held onto the Bitcoin he gave you it would now worth $60. If you didn't like chivo, you could've transferred it to a different wallet of your own choosing. Your people chose USD. Your people failed to protect it for the future, the IMF come laughing saying that it failed, because the entire world saw you lining up for the USD. There's photos all over twitter/X/the news. Your people forced your president to shut chivo down, not the IMF, the IMF merely helped you deal the final blow. And you blame your president for that failure, and now you speak of empowerment? You, who sold your country's future for $20 when he empowered you with $30, that is now $60? It is your people who wasted it. I wouldn't trust your people with the Bitcoins whatsoever. You sold it for much less than what it is worth, and showed the world how uneducated and poor El Salvador truly was, and now the IMF will take advatange of that.

SickRanchez_cybin710

Every cycle is the same hahaha "eth is shit" "eth is dead" "should have bought btc" bitch i did both every cycle, and every cycle im grinning when I make gains on both. My average buy price is under 1800 AUD for eth. I bought a full coin in one go and everyone was saying oooooo it's dead it's going to 0 bla bla bla. To everyone else here, just stack stats, buy eth and dca weekly into the top 5, you will be OK.

Sep_79

I’m from Australia so using AUD, zoom out 5 years, seen it go from nothing to 25k, crash back to 14k, shoot up to 75k, crash back to 40k, shoot up-to 100k then crash to 75k now it’s gone to 175 and now crashed back to 135k. Ebb and flow. Sell if you want but give it 12 months and you will be all kicking yourself for not buying now.

Aussiehash

IndependentReserve and Bitaroo work well, as does BTCMarkets (with the highest fees of those 3) CBA are not great, but I haven't had any transfers of AUD into an Aussie exchange's account rejected (but they are slow to arrive 48hours, even with OSKO)

DepartmentLong3941

I have been using Swyftx for the past 3-4 years now and they have a flat 0.6% fee. I also use Kraken but on comparing between the two Swyftx is cheaper. They also allow you to deposit in AUD which Binance does not support anymore :( My referral - https://trade.swyftx.com/register/?ref=nigelmartins

SeaworthinessSad7300

I'm late 40s. When I bought my first property my father gave me $30,000 AUD. I already had $100k from saving and working pretty close to minimum wage. Used to rent $1 soft porn DVDs as had no internet account to save money. No car. Carried a split system aircon home on my bicycle. Rented out rooms to all sorts of crazy people. Worked 2 jobs. Never spent much money I then inherited $300k AUD ten years later. I used that for deposit for more property. I then inherited half a house recently (hence the 0 5). Even if take out those gifts//inheritance I would still have multiple properties. I would have at least 4. I have not had a high income. I have used unregulated non bank lenders and have pushed the boundaries. Lenders will loan a lot against property. Next I will use some BTC gains as deposit for another loan with a high interest rate lender. Using money borrowed against equity to pay loan repayments. IE debt to pay debt. Kick the can down the road. Have long runway and you cannot lose with property. So in summary you are correct. I could not have got 6.5 houses without external capital. But I would have got 4. The external capital total value is very small compared to portfolio value.

MVazovski

Aussie banks are doing that shit to AUD as well, so... No. But memecoins aren't made by banks, they are made by some guys who think they're funny (they really are, though) and tokenize some memes. Nowadays, it's just a bunch of rug pulls and other scams being called memecoins.

No_Literature6871

What about comparing it to BTC/EUR, BTC/GBP and BTC/AUD?

beewhisperbuzz

CoinSpot has a limit of $2k daily prior to you becoming verified. Not sure about kraken. Any reason why you want to use a US exchange over AUD?

WeaversReply

Sorry, but I beg to differ with you. The current price in USD is irrelevant, my currency is AUD, 1 Btc = $151,000 at the time of writing this. The price of USD is irrelevant to the holder, wherever that holder may reside. I don't buy my groceries, a new pair of shoes, or a tank of fuel in USD, neither does the guy in Poland or Japan. The value of 1 Satoshi is only relevant to the local means of exchange, not the value of some artificial standard produced by a machine that goes brrrr, backed by an unlimited supply of printing ink.

CryptoGranny74

Exactly what I did this morning. Caught it at 147.5 k AUD. My average buy price is $47k AUD. I ain’t sellin’. 😜🤣👍

JFlash7

Nope. BTC is like $150k AUD right now

redeembtc

>Last year ive withdrew some money from binance converting from usd/aud Impossible. The ability to withdraw AUD ended in June 2023.

Jehu_McSpooran

I'm not too sure about that. I've noticed that bitcoin will take a dip vs the USD initially every time something big happens in the world. Same happens with the other currencies. The USD is seen as a safe haven currency. When the covid restrictions and lockdowns started here in Australia, the AUD tanked hard vs the USD. It was a full on cliff. From memory it went from around 0.60 USD to 0.50 USD per 1 AUD within a day, most of it in about 20mins. When war happens, gold goes up. Bitcoin is still seen as risky and volatile so in times of uncertainty, safe havens seem to be more popular.

yungvenus

I bought off silk road with a mate in 2011 using bitcoin, lost about $130 AUD on a hard drive then. Not the biggest ordeal, but wish I could find it now 🥲

FIRE-ON-THE-ROOF-IS

Because there's a whole country of Australians who use the AUD

FIRE-ON-THE-ROOF-IS

My brother in christ, please fkn read, it hit $120 IN AUD AUSTRALIAN DOLLARY DOOS

Material-Advisor-273

Looks like a pennant formation to me... so consolidating. Monitoring the $92k support ($146,423.65 AUD). If it breaks down then I'll buy more. If it breaks up, yay.

Material-Advisor-273

Looks like a pennant formation to me... so consolidating. Monitoring the $92k support ($146,423.65 AUD). If it breaks down then I'll buy more at $90k. If it breaks up, yay.

randomdimised

Been slowly getting rid of my stocks/crypto at break even at worst case or decent profit. Slowly been into cash investments. Still have about $245k AUD left tied up evenly between stocks/crypto which im down about 60%, just waiting patiently. I wont sell BTC and CRO due to zero cost base. They're earning between 0.25-7% in staking/interest and is my retirement fund.

DBRiMatt

Meanwhile, BTC still chilling at 160,000 Dollarydoos! 🍻 A solid pump on USDC too, surging up to $1.63 AUD

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 ..

loloweber0

If you can come up with a way to do this p2p. Maybe using some sort of escrow software?? Id be more than happy to be the middleman for you. Ill buy them where i am (AUD) and you buy the usdt equivalent. We both send them to the escrow service where they would ideally get checked and verified. If someone knows of a service like this lmk. But yeah just an idea

unimaginablemind

I want to be on a bitcoin standard too, but… as a layer one technology it’s not really built with daily transactions in mind. It might be worth keeping your bitcoin because they’ll be worth a lot in 10 years. My day to day account has AUD as well as my ‘oh shit’ fund but all of my investments are in BTC/MSTR and I have MSTY for distributions to buy BTC. I can’t wait for a reliable level 2 that is useable day to do.

AnxiousBattlemage

Converted to AUD its only around 140k, I would definitely use some annual leave hrs straight away to enjoy the money, wouldn't quit the job.