AUD

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?

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