An Australian fella.

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Joined 1 year ago
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Cake day: March 20th, 2025

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  • It was a useful alternative to Western Union and other international currency transfer services many years ago, but I don’t have a current use case other than as part of a diversified asset portfolio. Relative to metals it’s easier to buy and sell if needed, and you still have custody of the goods.

    One Bitcoin is still worth one Bitcoin, it’s the value relative to other currencies that is highly volatile.

    It can be used for payments as others have stated, but can be a hassle since, in Australia at least, you have to declare all of it and pay capital gains taxes, generally requiring use of a third pay like Koinly to manage it.