Jump to content
The Corroboree
Sign in to follow this  
Jack

Bitcoins

Recommended Posts

Where is the best place to buy bit coins from?

THanks

J

  • Like 1

Share this post


Link to post
Share on other sites

THANKS

Share this post


Link to post
Share on other sites

any of those not (or not yet) charging gst on purchases?

if not i'd be looking elsewhere, overseas exchanges or localbitcoins.

you'd have to be fiscally unwise to pay gst on a bitcoin purchase. no offense to anyone, but seriously...

  • Like 1

Share this post


Link to post
Share on other sites

There is a table on the site that lays it all out.

Edited by rahli

Share this post


Link to post
Share on other sites

My bad, I did look but didn't see it and assumed the site hadn't been updated since the gst guidance.

Good resource. I never heard of half of those exchanges.

Share this post


Link to post
Share on other sites

Chinese vendors have implemented new regulations which should drastically lower BTC volatility :)

 

Edit:  well to clarify it should reduce day to day volatility, with im guessing little effect on overall movements

Edited by ThunderIdeal

Share this post


Link to post
Share on other sites

^ Hmm interesting.  Do you have a link to that info?

 

TBH I haven't seen too much daily volatility lately.  I'm expecting it will dip down to AU$1000 or thereabouts in the next few months and then, as the end of the year approaches, head up to about AU$1500.  Pure speculation of course.

Share this post


Link to post
Share on other sites

I dont think one link would do it justice there is a whole interesting timeline but Tldr high frequency trading was thriving in a zero fee environment, vendors only charged fees on liquidation, smalltime speculators were leveraged bigly and destroyed when a vendor couldnt process requests one afternoon as the Chinese price plummeted with news of capital controls or something, gov rightly intervened in the shit show. vendors now charge 0.2% on transactions which ends the frontrunning nonsense, 90% trade volume drop overnight no price change

 

Less volatility makes btc more appealing as an actual currency 

 

*shrugs*

 

 

 

Edited by ThunderIdeal

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×