An excellent visualisation of my previous point that Australia is unlikely to add more wholecoiners from this point forward.

The graph assumes 1% of a median family income saved in Bitcoin for 2 years.

Artificially cap saving with the $10k per month transfer limit and that’s Australia done. nostr:note1ecdg2jsm3333uugw0wwwqtw7vzkpc6jn0ad24aa2e504vq7n4ezqewrfg0

Reply to this note

Please Login to reply.

Discussion

I think ANZ still lets people do whatever amount they want... CBA doesn't even let DCA amounts go through without friction.

ANZ changed start of May I believe - all the Big 4 on board now. No idea about the bank with no cash Macquarie.

Smaller banks haven’t imposed the limits yet but I expect they will.

Fuck I hate banks.

One of my mates thought he'd try and be clever and trade the cycles, now he can't get back in.

Best think you guys can do is start to adopt Bisq.

It's not easy to buy substantial amounts P2P in one single transaction because most offers to sell aren't big to begin with, but it works well for say 0.05 to 0.1 BTC DCA style amounts.

You will still leave a bank transaction track record, and may have to be careful with that.