r/BitcoinAUS

My BTC withdraw has now been stuck for 11 hours, I have not heard from them either.

It seems a bit messed up that as we are going through a bear market (about 50% down from ATH), these new CGT laws are coming in place.

If Bitcoin trades down/sideway for the next year, and then pops off in the next bullrun after July 2027, then all those gains are going to be at full price, no long term 50% discount.

High volatility assets like Bitcoin and investing/starting a startup company, appears to be the most affected. Because these assets are more affected then stable assets that go up with inflation, like safer stocks and property, it almost feels like the risk isn't worth it now that everything is taxed the same without a bigger discount for the more riskier investments. Thoughts?

G'day guys 👋

The mods have kindly let us run another crypto tax AMA. EOFY's done and dusted and tax time's here, so we're setting aside the next 24 hrs to answer your crypto tax questions

For anyone who doesn't know us - we're Summ (formerly Crypto Tax Calculator). New name, yet same team, same Aussie born & bred company.

We've got two people here to help who actually know their stuff:

• Harrison Dell (u/harrydelltaxlaw) - crypto tax lawyer who worked at the ATO before starting his own firm (Cadena Legal) and a crypto exchange (Blacksheep).
• Justin Zanardi (u/JustinCPA) - Product & Tax Strategy at Summ, and a mod over at r/CryptoTax.

Ask us anything - cost base headaches, DeFi, staking, airdrops, lost/stolen crypto, record keeping, the tax changes from Budget night, whatever's been doing your head in. Drop your questions below and we'll work through as many as we can over the next 24 hrs.

I was trying to sell my BTC because I was in need of some money, I used PayID to do it on the P2P trading site, now my account is blocked.

Will I get my account back, that's my only account and I get my wages there.

Hello, what good sites are there where you can buy Bitcoins and send them to wallets directly from there?

thank you

Over the last week CommSec has blocked the purchase of Bitcoin ETFs. You can only sell what you already have at the moment. This kills my DCA strategy

What alternatives do we have?

Why am i hearing some people have concerns about bitcoin and energy,? are they saying it could not have enough energy due to shortages?, is this just fud? Can someone debunk the bitcoin and energy negative narrative?