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Replying to Avatar StackSats.IO

#AUStriches are limited by the Big 4 Banks to $10,000 per month in transfers to crypto exchanges.

With #Bitcoin already at $100,000 dollarydoos, if a nocoiner started *today* it would take 10 months to become a wholecoiner (unrealistically assuming no price changes).

The number of wholecoiners in Australia 🇦🇺 is thus not likely to increase much if at all from here, particularly when the remaining banks follow the new industry guidelines and also impose restrictions on on-ramps.

Australians will look back on this in 5-10 years and realise what a colossal fuckup this market interference was, but by then it will be too late to do anything about it.

It’s time to accept the trajectory of this country is fukt.

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47 1y ago

have all 4 taken the same stance ?

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StackSats.IO 1y ago

Yes, ANZ announced they’re following from April 3 and they were the last Big 4 holdout

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47 1y ago

RIP the no coiners. Exits are being locked down

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k0r54n 1y ago

Aleyküm selam 🫡

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