Big four banks making it harder for Australians to buy cryptocurrencies
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- เผยแพร่เมื่อ 28 พ.ย. 2024
- MHC Digital Group Founder Mark Carnegie discusses why it’s difficult for Australians to invest in cryptocurrency despite the “rest of the world” embracing it.
Following Donald Trump’s US election victory, Bitcoin and other cryptocurrencies have seen a surge in value.
“There’s a whole lot of bottlenecks caused by the big four [banks] that make it really really hard for Australians to buy cryptocurrencies even as the rest of the world embraces them,” Mr Carnegie told Sky News Business Editor Ross Greenwood.
Banks should not have any control on what I use my money on period.
Open an account with Wise, if you have a Crypto account, as soon as your funds land into your Wise account, usually 24 hours. Put it into your Crypto account and use it when you want, wisely.
When you need funds, transfer some back to your bank from your Crypto account.
Don't be mad with the banks, take control of YOUR money. I did.
When people get scammed they want the bank to compensate them .
Scam is different to setting up a bank transfer using an Australian bank account. Commbank sits on my transfer for 24 hours every time and imposed a limit of 10k a month.@stewatparkpark2933
@@stewatparkpark2933 Well, they shouldn't. It should be the scammers who compensate them, not the bank.
@@stewatparkpark2933 explain to me how people will get scammed ???? You mean the uneducated
Banks are scumbags
That is because if you look the banks are done for.
If you look platforms can issue cards like banks can so it would put banks out of business.
Funny thing is they won’t let you invest in it but they will.
Straight up.
Biggest frauding system banks are
@user-thunderdownunder no one uses crypto to buy shit or send money bro. LUNA and FTX of prime examples of how volatile it is. I've been in crypto since 2015 but even I say it's a huge gamble and that's all it is
No S*%T.
But no problems letting people gamble on the horses and pokies.
Couldn't agree more, it's utter hypocrisy.
And don't forget lotteries.
With the right research and guidance, crypto is a safer bet than these.
Because it doesn't threaten their business model
Great country Propertalia!
Banks are the biggest criminals ever.
Yup, and they get away with all the sh*t they do to society. Actually broken system.
@@FizzedAye They know it's a threat to them, One day banks will be forced to adopt crypto and it will skyrocket
Yeah, BTC is skyrocketing since Trump became USA president again, it also has increased further alongside Elon Musk backing him, JFK and Joe Rogan etc. I'm 27 yrs old & Australian BTW, and can see some bullchet that happens in USA which to me in my opinion seems like misinformation, e.g. Jimmy Kimmel hating on Trump for the past decade as well as the overall left wing media? e.g. MSNBC, CNN etc, I'm neutral but I have seen the misinformation that they have spread over the years, and in retrospect I think that they should be held more accountable.. No more misinformation pls just say the truth lol, otherwise the gov should intervene and increase the rates on how media companies get sued for releasing articles that could potentially spread misinformation. As they seem to get away with it HEAPS. Just me that realised this?
TH-cam deleted my comment and I literally sent a 300 word response to you, man f*ck this platform, when Elon Musk buys TH-cam, that's when your freedom of speech online isn't affected, i'm a 27 year old Aussie lol and my comment gets deleted immediately for no reason wtf.
They should be sued for interfering with people's money it's just disgusting & why is it not illegal for banks to limit people investing in any asset class they choose.
It’s because they own the necessary people in our governments to legislate in their favour…..think of our pollies like dogs, very obidient to one or two people, and won’t hesitate to bite the majority
They want to keep australians poor and under control. There are peoplr in their 20s and 30s retiring because of crypto, thats bad for the banks, they need work slaves.
It's not *people's money* though. It's the banks money.
If you read the small print when you open a bank account then you wouldn't sound so ignorant.
My advice...
Actually, you know what...do you want.
You've been doing so thus far.
Remove your money and stop complaining
@@taxationistheft711 Eat a bag
Bank fear they will lose control of money ... Aud is printed like toilet paper,BTC is privatised money ...
Also gives us a chance of saving our actual money in the hope of getting ahead rather than keeping us in a state of constant struggle
@@bernardsmith1230 100%
no its not. BTC is just like NFTS, its all bs its nothing. if the fed thought bit coin was a risk to the dollar they would never have let it become a thing to begin with.
Exactly, because banks cannot control digital assets like crypto the way they can control centralized assets like cash.
They don’t want you to know that crypto is the future
Zog runs Australia
Exactly. Once I understood Bitcoin, I also understood that it renders the traditional banking system almost completely obsolete. So, OF COURSE they are fighting it...all while they buy as much Bitcoin as they can in the background.
It's called 'front-running.'
@@jdoedoenetthey're disgusting is what they are
100%
100%
With Elon and Trump now working with Quarden Token is going to absolutely blow up
Trump is expected to mention Quarden Token this week and the ICO is already almost sold out
liar
What I buy with my money on is NOT the Governments business.
Yep as long as we pay taxes for what we have earned as well as when we spent, what we purchases should not be the government concerns , they should be going after other crooked polititcians .
@@GoodWillEverLastingFaith yer what you earn, nothing else. they don't care about us so why should we care.
banks are private...
Banks must not be able to decide what people invest their money in, disgraceful behaviour by banks.
Agreed its an utter disgrace, I get calls regularly from NAB every time I transfer to an exchange. I've given up now and just use PAYPAL. Pathetic. It's no longer consumer or customer protection, it's cartel like behaviour and should be investigated by the Govt.
"our money, our choice"??
@ Thank you. I’d heard the banks put a 10,000 per month limit on transferring money to exchanges.
@ Yes, exactly, if it’s your money, it should absolutely be your choice.
Theives don't rob banks, they own them.
Gangster banker's holding Australian's hostage by refusing to let them choose there own way of making income without the bank's
They are protecting us from what is a Ponzi scheme...
Even with all these Crypto booming, It won't do away with the Banks....All the Banks has been during tests runs on crypto, they are just waiting for the flip of the switch.....and the BANKS will start selling cryptos too . As they are all had partnering up with a major Crypto Company already they've been at it for the past 10 yrs.
My bank has frozen my account multiple times over perfectly legal attempts to buy Bitcoin. My friends have all experienced similar. It's criminal...but it is the very reason we are moving away from banks. The nerve to think they can tell you what you can spend your own money on. Infuriating.
Proper grubs hey
100%, I lost it with NAB on several occasions. Who are they to ask me "how did you get introduced to crpyto"?? "Are you aware of the risks"?? Etc etc etc. Thugs
Dont even bother trying to use NAB With crypto they strict as shit, you can get lucky with BOQ Depending on what you are purchasing
They ask those questions because people have been scammed.
Its ok for them to ask but its not ok for them to block the transaction.
@@myp0h No it's not ok to ask account holders why they are transferring their own money from their own account into a legitimate Australian company (exchange) such as coinspot, you're misguided. That is not remotely the same as bank fraud/scams. Not related.
People are stupid if you’re not educating you’re self on cryptocurrency you’re just living under a rock
How will this for example affect XRP? Any thoughts?
@ it won’t have any effect what’s so ever
@@AutoCosmeticaCarCare-wl3dd but the technology is based on transactions that includes the banking world no? Perhaps not exclusively but still their customers are also the banks if I understand correctly. So if banks are tirning them down that could impact the value? Anyway, im only starting my journey now so got a long way to go :)
@@AnalogFlavaAustralia’s FUD won’t put a dent in the growth of crypto. Our countries population doesn’t even make up 1% of the global market
@ thanks mate, i hope to make enough crypto to buy myself a kangaroo one day 🤣 JK
All you need to know is bitcoins is gaining value and fiat currency is loosing its value
The Australian Peso?
@@Kane4847 yep it’s like a fight back at the flawed current financial state that gives no power to the people. Just get you money printer out, raise taxes and bring wages up a tiny bit every 10 years that doesn’t even match a fraction of the appreciation of inflation. People are waking up now
Trump wants to scrap income taxes I’d vote for that !!!!
Too bad you cannot vote for stuff like that. You can only vote for people unless they give you a referendum.
@ you really know your stuff 🤣
Who would pay for healthcare, Roads etc, if there was no income tax?
Banks forcing digital,government also forcing digital id and cashless.
They're not doing these things for our benefit.
there is a difference between crypto and a CBDC.
@@rickshempoilaustralia6574 NO difference between social credit scores and digital id.
@@rickshempoilaustralia6574Which one does Musk intend to use on X?
It is the beast that causes desolation that is making them do it.
@@muzzleflash1 Who does this beast claim to be in the flesh?
Thank goodness I ignored the government seven years ago, opened an SMSF, converted my balance to BTC and have just kept stacking. My SMSF has outperformed any superfund by 50:1
Only 2 asset classes have performed above currency debasement in the past 10 years, including property!
NASDAQ and Bitcoin
Same. AMEN! 💪
Congrats man! You and yours will eat well these next few decades.
This is the way
Imagine living a life where we get sold the idea of freedom. Yeah nah just work your 40 hour weeks pay your taxes get indebted up to your eyelids for the rest of your life. A shining glimmer of hope comes past you which is crypto and yeah nah we can’t have that 😢
Our govt and banks will
Loose this battle it’s the people’s money and its real freedom. Keep fighting guys
The smart banks will join. The greedy big banks will be too late
A recent AI request calculated that Australians pay 67% of their income in taxes.
Which makes perfect sense when Australia has over 14,000k A4 pages of tax law.
@@muzzleflash1and where is all this money? We have the worst education system in the world, we don’t even tax the resources being mined from our country 😂 the money goes straight into one woman’s pockets, this money could make Australia the wealthiest nation on earth wtf we really are in a simulation
Prohibiting people to buy cryptocurrency is insane. I wonder how many Australians are not going to make a fortune this cycle smh.
Heaps, as the grannies and poppies old fashioned won't know what even hit them out of their retirement basket.
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments.
Everyone should have BTC in their portfolio…
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I think going into the stock market without a good experience is a big risk, that's why l'm lucky to have seen someone like mr Jihan Wu.
Crypto will bring the excessive fees and market manipulation of the bank’s to an end.
and bring in complete control....
but its inflationary
There's fee's. One off but still there for each crypto
Banks know fiat currency days are limited
El Salvador is the gold standard. It works, and time for the world to get onboard.
They have stepped away from BTC and going with ISO20022 standards BTC doesn't work
@@phoenixthrust888 XRP😆
@@andrzejd5301 BTC needs FLARE to complete it.
@@andrzejd5301 Your welcome ;-)
@@phoenixthrust888
Every report I read says they are still embracing BTC
Fortune reports they are still using it and Argentina is now getting onboard
ISO20022 is just the new Swift platform that will be a private Blockchain, the crypto XRP looks like it will be adopted by the US
The point of a crypto is that traditional gatekeepers like Swift who abused their power will be bypassed
The future is blockchain interoperability, not centralised power
The Trump administration wants to also drastically ramp up DeFi innovation
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Bitcoin has a 4 year cycle. It was going up no matter what. Trump winning is what gave more confident as he is pro crypto
Deregulate the banking industry, allow outside banks into the country, stop protection of the cabal
You comments makes the question “ what is a credit union “ ?
What happened when
- Kodak resisted/ignored the Smartphone
- The taxi industry resisted / ignored Uber
- Blockbuster resisted/ignored Netflix
The big banks resisted/ignored crypto??? 🤔
Banks are about to have their video store to streaming moment and there’s nothing they will be able to do about it, except go out kicking and screaming as we’re currently witnessing.
They're not ignoring it at all. They're buying it up in the shadows as fast as they can, all while trying to tell the retail investor (you and me) that it's garbage and making it more difficult for us to buy Bitcoin.
I am speaking from firsthand experience. It is far more sinister than people think.
Bitcoin not crypto
Few understand this
@@jdoedoenet How much more sinister? Should people with crypto be scared for holding it? Will those people get punished for using THEIR hard earned money to invest in crypto?
First they ignore you,
Then they laugh at you,
Then they fight you,
Then you win.
Truth Happens!
th-cam.com/video/_j7baOT3oBQ/w-d-xo.html
Banks are scared as people who own crypto have cold storage wallets and keeping it out of the banks.
Australia will be the last country in the world to embrace cryptocurrency under labour. They have not just blocked the proposed legislation, they have not acted on it at all.
Yep
This bullshit started under Liberal. I used to be able draw money straight from my account to the trading platform. That stopped last year and I them had to transfer and had fo jump through hoops to get the transfer done…. they happy to accept the money back from the platform instantly.
@@byza101 one nation and united australia party for the win
This Labour Government is "rat poison" for this country. Liberals sadly are also serving their WEF masters as well, so no leadership or hope with either party. Next election I am ditching the majors and voting for One Nation. Never have voted for them prior but it now seems they are the only party that have the interests of Australians first and foremost.
@@oasis042 I vote One Nation. We need to get more to vote this way. The uniparty couldn’t give two fucks about us.
It's a shame to see the Australian government are taking so long to make a quick decision and getting in early....the banks don't like it cause it makes them redundant.
We "Australia" were once at the lead of the blockchain revolution. In 2015 as one example however banks were stifling crypto via limiting their institutions as on ramps for funding / purchasing BUT in the background every one of the big four was researching how blockchain technology could be used by their own companies for their own purposes. They have and are still regressing. Banks do not have their customers or Australia's interests in mind.
Funny thing is they are all using xrp has no one wondered how transactions are now immediately done,
Don't let the BANKERS FUD disheartened you. It's a psy-op. Even when Crypto goes doors wide open, the BANKS won't be redundant. The Banks will open it Crypto servicing the people soon, after the Flip of the switch. ATM the BANKERS are testings their SCAMMER SECURITY SYSTEM. Preparing for setting up to services for Crypto space as well....
@@berylsuzanne YEP, noticed how fast OSKO goes through super fast like a speeding bullet.
Just FYI: Australian banks are using blockchain themselves already, bunch of hypocrites. Left St George/westpac for this reason. Not all Crypto is mined, there is also staked.
HEX on pulsechain is a prime example first Certificate of Deposit on the blockchain, earn trustless yield via staking through a smart contract
Banks dont want us rich !!! They dont mind us spending as much as we like at the Casino !!
Yet they want us to borrow money 😂
@@_PellasgFor sure, they sure as hell don't want joe average putting 20k on BTC in early 2023 and now being worth 120k to use as a very minor minute example. Because Joe average then puts 120k straight into home loan and reduces it 5 years. Filfth!!!!
“How dare you use your head and think for yourself”
Yeah they'll also put their dirty hands and take 30-40% of your profits from cryptocurrency, rats.
@@honou-m9b lol
crypto is the future of money, cash will be gone and so will the banks if they don't adopt
Imagine a (class action) against the banks for making ridiculous amounts of profits off our hard earned incomes. We keep our money in the banks and they use it to invest it at will. This sounds like a business partnership to me where percentages should be negotiated on the amounts and the profits our money generated for them instead of useless term deposits yielding 2-3%. Wouldnt that be interesting!!!!
I just had a deposit to a crypto exchange delayed by 24 hrs plus the limit was 10k per month, wtf !!! I could understand the banks not allowing credit card purchase but when it’s your own tax paid money it stinks like the crooks that they are !!
Banks will hold you first transfer to any new entity for 24 hours but after that, the transaction should go through straight away
Unless you are with the Commonwealth Bank, those b*astards hate crypto and hold up every transfer to a crypto exchange
Join ING BANK. They understand crypto. Once they chat /verify you you’re good to go. I had same issue with my main bank. Holding funds and limiting me to $10K p month. I joined ING last month and got in just in time when BTC was 90K AUD, now it’s $140 a few weeks later. Allowing only 10K p month is criminal ! It’s your money!! They won’t let you buy bitcoin, but they will let you gamble it on your card at the casino.
All the best.
Cheers
@@onlyonerombo 100%. I had a similar experience with my bank. It's absolutely CRIMINAL...and as usual, they justify freezing your accounts with the same tired old "we're just trying to protect our customers..." nonsense.
I have spent hours on the phone with my bank over this very issue, filed formal complaints, etc.
As far as I'm concerned, the legacy banking system can't crumble to dust fast enough.
@ thank you for the heads up, they were on my list, much appreciated 👍
What bank are u with?
Adding bitcoin to national reserves is fast becoming an arms race and Australia is losing
Holding dollars is like holding a melting ice cube in your hand.
crypto fix dat XD
Quarden Token has two of the largest Tesla shareholders already; most likely something is coming
Bank simply don't want you to buy crypto because they can't control it
Banks will advertise crypto at the market top again, same as last cycle. Use Aussie Banks as top and bottom signals, do the opposite of what they say. 👍
If the banks don’t want you to buy it it means you should
I have bought and sole many things! Crypto has been the most profitable for me. Why do banks want to stop us. Because they are being cut out of the Crypto system!
I bet if they could charge a fee to hold crypto for us, and offer crypto loans, they’d be all for it.
Pretty sure that is their plan.
Has to be their end game because their business operations is scummy as
Yep. They will
The banks are losing all there Interest interest interest !!
We don’t need banks .. PERIOD
IF YOU AGREE ______ 👉
As much as I dislike banks, we need them still, for a while but in a decreasing capacity going forward
Until the world is fully digitised, banks play a role in interfacing with an analogue world
The issue I have with them is they are not getting out of the way fast enough and are running interference for everyone who wants to go around them
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TBH!!
Crypto = liberation. That’s why
Crypto will lead to a cashless society.
@@RogueElementMkIIIWhen and when they crash the market they will decide if crapto will be apart of their Digital money.
@@RogueElementMkIIIBitcoin is not crypto. What you truly fear are CBDC’s.
@ being a p2p network it’s better than cash. How? By always increasing in value while your cash is worth less each and every year. You don’t need banks unless you want to cash out. You’re better off investing and holding and watch your wealth actually grow. And wait until it becomes legal tender.
In Australia crypto is classed as Property. Just have a think about that.
@@s3ssionzSo will that inevitably lead to a cashless society, or not?
Predicting inflation starting to rise again this quarter while leading indicators showing economy slowing (not to mention governm*nt figures pumped up for the election). Global economy very weak which affects US. Fed dropping rates 0.50 shows they're VERY worried about financial downturn/crisis. interest rates coming down are also an indication banks are LESS willing to loan money into existence. The question here is where is the inflation going to come from in the near term? Consumers are mostly tapped out which is 70% of US economy (consumption). Yes inflation very likely to return but not before it continues to come down... Inflation can be a concern, but remember, certain assets like stocks and Crypto’s acts as a hedge. Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 3.2 B'tc to a decent 27B'tc in the space of a few months... I'm especially grateful to Alison Bruce Crypto, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
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Everyone needs more than a Basic Income to be Financially Secured in this present time that there's an Economic Decline.
Her program of expertise is all over the internet Alison Bruce Crypto
I was big on gold and silver but a few months ago I discovered Bitcoin and Ethereum. Listening to lots of stuff from Mrs Bruce has been really helpful in my journey..
Australian government is so 😢trump is about to make American coins tax free if Australian government had any balls would follow suit & the retail ppl would make a killing😂
This guy is spot on about moving forward instead of backwards
Whether you move forward or backward, it is still a Cabal system.
Wake up Australia
XRP and Ripple are at the forefront of this revolution.
Whats really going on here is that banks dont actually have your money. If everyone starts putting their money into crypto the bank will collapse . Same as if everyone went to the bank tomorrow to withdraw all their money.
Ive been buying bitcoin since 2014. These fools are so slow.
2017 😁 My bank used to give me problems the first few times but not now. NAB
@@azzagirt2
Hat Tip to the NAB
Westpac has been frictionless for many I talk to
The Commonwealth Bank just hate crypto and hold up people's payments, according to people I told to
@@azzagirt2 I buy all my crypto when everyone thinks it's dead. So the bank don't give me any problems
I used to make 20% interest on my crypto before the government stepped in on behalf of the banks!
Westpac has stopped me many times by freezing my accounts since 2016 each time ive had to go in to my branch and verify its me doing the transaction and wasting hrs of my time and taking time of work. bunch of idiots
Same with ANZ. Multiple transactions to the exact same exchange as previously authorized transactions, and they'd freeze them...again and again.
I'm completely disgusted.
I changed to ING bank and havent had any issues since
I think UBank is good too.
@benstips1101 ING don't allow transfers to many exchanges. My account got frozen trying to transfer to Kraken, after many months of being allowed to they suddenly froze my account. They also did the same when trying to transfer to Coinjar. Coinspot is the only exchange they seem to allow transfers to...at least for now.
No more capital gains on American coins like trump ppl would bring that much money back into the economy & country no brainer 🤦
Your average super fund won’t keep up with inflation. Trading crypto gives the average person hope.
Making peoples lives better is not on the Australian government’s agenda.
No one is if they had joined UN/WEF
The likes of blackrock and vanguard who are the owners of our big 4 banks, also run bitcoin ETFs…..if they can stop us buying bitcoin and taking custody, we’ll be forced to buy into there ETFs ….once again really owning nothing!!…..it’s a strategic move by our financial class to keep the common man dependant on there scraps
they have only just started in the last few months but they were the ones warning everyone off along with JP morgan so it is ironic
@ blackrock bought Coinbase years ago…..they have been buying up bitcoin for years…..plus it was nearly 18 months ago commbank put a cap on the daily amount I could add to a crypto exchange……
Cabal system has set up the Big institutions are the one that will make the money off from crypto, then the Sharks,,,,,,we the retailers are the 2nd last going to get the scraps
people who invest their money into crypto would prefer quit Australia and go to US rather than accept rejection of the crypto and stuck here...
These banks need to be reigned in. Out of control...
Make Australia poor again...
They are just following WEF Claus Swabb's instruction. 'Take away everything they owned, and they will be happy" !
The sovereign individual, very scary for banks
As crypto currencies gain traction banks are losing control. This isn't a surprise at all that banks aren't don't support a currency they have no control over and that is an anti inflation device
Big 4 only allows you to deposit 7k to exchanges a day. but online gambling go for your life. and why would you hold cash in a bank they offer me 0.00 interest on it.
My friend couldn't send money to exchange to buy Bitcoin from commwealth, westpac.. called their support team without any resolution, disgusting!!!!
Close your account transfer to another bank that has more flexible policies. When people vote with their wallets and flee, they'll soon figure out they fcked up.
NO, when you call them you must speak to them in a polite manner and they will unfreeze your transaction for you. ATM all the big banks are in testing modes on their scammers security proof system. So be patience.
Gangster Banksters.
WEF.
Wall Street crowd.
AFFRAID OF COMPETION.
DEMOCRATS
ALL OF ALBOS MATES.
Get da vakks for da safety 😂
@@KwisBwown LOL you go first. LOL
@@GoodWillEverLastingFaith totally wish I did during the peak I have so many regrets #teambillgates
The banks have no idea how easy it is to buy crypto open a Solana phantom wallet and buy anything on a decentralised exchange.
If Trump get's his way, he wants to have the US develop and be leaders in DeFi
Still need cash onramps though. Banks control those
Why can't we have a referendum on nuclear at the election???
Do you need a referendum?
@@well-blazeredman6187It seems like we need a referendum on energy policy in Australia, because no-one is actually listening to the people.
@@RogueElementMkIIIThey didn't listen for the last one.
@@briananderson7285 That's a good point you've got there.
But at least we didn't end up with that advisory committee enshrined into our constitution.
@RogueElementMkIII True it could have been worse and maybe yet .
Most digital assets are not reliant on mining. The banks just don't want Australians to stay ahead of inflation by investing in them.
Sold gold at $225 an ounce LMFAO!!!!!
Peter costello sold it to exchange for those quality backed up U.S dollars.😵💫 whats the gold price now? $2700 usd i believe.
Look up "1999-2002 sale of United Kingdom gold reserves"
Gordon Brown sold the UK's Gold Reserves right at the bottom of the market
It became known as "Brown's Bottom", lol
Umm when was this 1990 you dumb or something gold is at 2600+ usd an ounce
Lol I wish I got those prices
@stultuses he announced to the world before Monday so traders shorted the shit out off it
I love this country but darn this government is ridiculous.
Ah Australia.... you have to be kiddin. Instead if fighting the innovation, be part of it.
LOL don't fret it, they 're playing psy op with us.
YES!!! I've been blocked by my bank. O'm an adult and I'm being told what I can and can't do with my money!! Evil bastards!
Tried to de-bank my 64 year old Mum last yr for spending $5k on Bitcoin… pricks. Bitcoin is going to be critical for trad-fi’s continued existence. It will be a source of collateral.
Disgusting - name and shame the bank I say...
Debasement 8% a year
Inflation 3% a year
Your AUD decrease by 11% a year
And banks uses your money to leverage themselves
No wonder why these restrictions because they only benefits them
Money sitting in crypto = money not sitting inside the bank, which you guessed it means less profit margins for banks.
Very Simple, they want you to invest in Real-estate so that they can get every penny from hard working Aussies in Interest. banks do not earn anything when you invest in Crypto.
NAB informed me that they won't help me with transactions with binance Australia...wtf?
They are ok with coinspot and coinbase. For now anyway.
Binance showed the ATO the middle finger a long time ago and no longer complies. They don’t accept Australian dollars. You can buy through BTC Markets, Coinspot, Independent Reserve and then transfer to Binance.
@@robstone4537
That is the Australian governments doing, because Binance refused to bend the knee so the government basically got the banks to cut them off - just more manipulation of the Australian people
@@stultuses Now Australians can trade on Binance as much as they want and the ATO cannot get any information on those trades from Binance. Great own goal.
@@robstone4537 But Australians still can't stake their BTC or other cryptos in Binance.
Australian banks are making it very hard to buy crypto this should be unlawful
Thanks for this informative video. I think there is a higher chance that BTC and ET H will retest resistance and then fall. But as always, things change every day and all we can do is trade responsibly, monitor the markets and re-evaluate our strategies frequently. I would like to thank Bernard Hill for being my source of crypto education as I comfortably earned 2.7 BTC..✊✊
HOW DO I CONNECT TO THIS??????
His profile is with verified badge✅
HE IS MOSTLY ON TELEGRAMS, USING THE USERNAME
@CryptoHils ✊✊
This is really helpful for my situation. Thank you.
Class action against the corrupt banks telling people what they can and can’t use their own money on. Class action without corrupt judges thou.
When the media and the taxi driver talks about it, you sell
That wont make you rich buddy🤣🤣
Not Bitcoin, but good job parroting 🦜
NEVER sell!
DCA and HODL
Yeah I've been in xrp for 2 years and a guy who wasn't even interested in crypto was trying to create an account and apparently got his mum in it. When xrp went to 2.10 aud I sold it all. Just waiting patiently
It's nice to listen to someone that actually knows what they are talking about for a change. Well done mark!
Ross scaremongering about energy and crypto, what a joke. Grow up, it’s a new growth industry.
I don’t think he really knows much about it, late to the party, too busy focussing on tradfi.
@ Yes, the industry has been around for years now, there are clear tax laws in Australia, crypto exchanges in Australia are fully regulated. Ross is either naive or acting as a spoiler under “instructions”.......
What Australian banks allow transfers to coinspot, HSBC has now blocked all transfers 😡
Take your money out of those banks and go to another. It's that easy
which bank then? They are all making it hard to transfer out and limiting to 10k a month
Turned 65 this year and pulled every dollar out of my super and bought BTC and SOL, who's laughing now?
Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️
I'm 37 and have been looking for ways to be successful, please how??
Sure, the investment-advisor that guides me is..
Elizabeth stark
Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark
Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!
Terrible. Give the Australian people a voice and choice to buy BTC.
XRP to the moon🚀🚀
This argument is in favour of XRP adoption by banks
😂😂😂
Just can't see the world using an American sourced and controlled crypto XRP /Ripple for global transactions, unlike Bitcoin BTC which no country controls.
And stellar
@@shelbytops Well it's not BTC same people who made Beta Test Coin made Exchange regulation Peg
Well done covering this topic for aussies
I just have to applaud your content man, well done. Long term investors know that the market and economy will recover eventually, and investors should be positioned for such a rebound. I gained $180k from bitcoin in 2021 before the market crash and now I'm buying again, adding more at a time. Having a good financial advisor like Veronica Hoy, it will add to your success in the crypto market.
I'm surprised that this name is being mentioned here, I stumbled upon one of Veronica Hoy clients testimonies on CNBC news last week...
Veronica Hoy strategy has normalised winning trades for me also and it's a huge milestone for me looking back to how it all started
Really you people know Veronica Hoy? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
The first time we had tried, we invested $1400 and after a week we received $5,230. That really helped us a lot to pay our bills.
Banks are a joke, They held my $10,000 for 2 weeks which I wanted to get on chain and said they don't want me to suffer "potential loss" which ended up losing me $500.
Big four must go dinosaur
Sorry to burst your bubbles, spud. the big Banks are all partnering up with a huge crypto company for the past 10 yrs. So they are going nowhere, just the the SWIFT system.
They don’t want you to have financial freedom!
Cash cannot be hacked.
Cash works with out electricity and technology.
Cash has no surcharges.
Ok, what about money laundering, drug dealers, tax avoidance, cash is slow, not environmentally friendly (yes bitcoin is bad for energy) but the ones that are going to be used for payments are super environmentally friendly.
Bitcoin was created partly because cash is fiat, which the government can print tons of, and reduce the buying power of what your saved up cash can buy. It is not safe. You might not get hacked, but you can and certainly are being robbed if you save in cash. You’ve lost Around 40% of your buying power in the last 3 years alone…
Cash is manipulated by governments and the central bank. Cash is making society poor through continuous printing and inflation. Bitcoin is a deflationary asset which is not controlled by the government or central bank therefore making it a great investment for wealth preservation. Cash is trash, and the more the government prints, the more they are stealing wealth from its citizens.
I was once like you and completely ignorant too once. If you put $1000 in the bank today or under your pillow in 5 years that $1000 will be worth between $500 and $700 due to inflation and currency debasement which you should google. This is why all the smart money, and I mean hedge funds are buying gold and Bitcoin like it is going to sell out at this very second. The USA and China are already printing cash and soon the EU and had did that work out for Zimbabwe? Dont listen to anyone myself included at least give yourself a chance by researching inflation and currency debasement.
@@rickshempoilaustralia6574 Gold .
What right have banks got to determine how much I should invest in crypto. NONE!!!!!!
I’m up 90k in crypto 🕺🕺🕺
For now! But I hope you manage to hang on to your gains.
@@well-blazeredman6187 He will if his holdings are in BTC.
Yeah i bought a house but i still kept half my crypto because we are just getting started