Copied from OzBargain as I tried it and found it worked with my NZ account too. The promo is advertised as $20 on sign up (after depositing) and $20 on referral (see below to get/submit a referral. code), but once logged in it changed to a $25 bonus for depositing ($45 total) - your mileage may vary. Withdrew it all back to my bank account about an hour after signing up with no issues.
Original OzBargain deal:
https://www.ozbargain.com.au/node/884429
Referrer and referee each receive A$20 after referee trades minimum $100 in crypto. Must switch to AU on top banner to see referral offer.
OP says it worked with their NZ account, despite being an AU offer.
Its mindboggling one digital something made up of zeros and ones that didn't exist 2 decades ago is worth a whopping 180,000 NZD each.
Also mind boggling so many people have a problem with it but blindly accept the current fiat situation that is also just zeros and ones on a computer these days, no longer backed by anything except trust in the government who will print more when they need it. Personally, I trust the one people are investing in to save rather than the one being issued to spend.
What an odd comparison, people don't actually use crypto for trade except in rare scenarios. It's only a currency in name (and not really even that anymore, it's more often called simply crypto these days, not cryptocurrencies). No one is buying Bitcoin thinking "this will be perfect to pop down to the dairy to buy a loaf of bread with"
Thus it's not really comparable to fiat currency because the latter is used to conduct transactions.
You'd be better off comparing it to gold or something, a thing that's bought and sold almost exclusively for the purpose of investment. Similarly, no one is using a lump of gold to buy a loaf of bread either. Although gold has an auxiliary purpose.
Yes, the Fed even endorsed Bitcoin as virtual gold
People keep going on about this but it's used as currency all over the world in various places.
Regardless, the point was not to imply it's a 1:1 with fiat, but point out the illogical inconsistency that people have about why they dislike crypto (because it's not backed by anything in their opinion) but are comfortable with fiat when both are stores of value.
Also, you can compare anything. That's how comparisons work.
Artifical scarcity, bitcoin amount mined gets halved every so often so they become harder to mine and the value keeps increasing. Plus ~4m of the ~20m mined are considered lost forever(not moved in several years).
I thought it was all over when they flash crashed from $12 to ~$3
Flash crash can occur at any time… But maybe less likely as bitcoin is distributed more widely? Still I'm not a believer. It's great it bounced back and made everyone rich. It will continue to make hay while there are more buyers than sellers lol.
Can anyone edit the OP??
As the refferal code is playing up, it is the 6 digits at the end of the refferal link .. And you need to add it manually at email sign up
clicking the link just takes you to app download.
Best to support the referrals
Referral link just above comments section takes me to a sign up page where it says that
[email protected] sent you a personal invite. Get started with your email address and get up to 200 USDT.
Is that incorrect?
OK I found what might be the issue.
Refferal link is OK, but asks you to sign up Via app (during the install I probably lost the link).
My reccomendations for what they are worth after 30min testing this.
Not sure if works in NZ but was mentioned in the Oz bargain comment thread:
5. At some point in the future consider change of region to AU to access the 20btc bonus (appears under campaign manager once region is changed to Au… Unfortunately I don't know what happens next)
Seems to me that this type of digital currency is becoming more mainstream. Is there anyone who can explain this is layman's terms?
Proponents of Bitcoin argue that humans throughout history have gravitated towards “hard” currencies, which are generally durable, portable, divisible, uniform, scarce, and acceptable. Early societies had a barter system, which was replaced by commodities, then gold, and eventually fiat money. Bitcoin possesses all of these properties, and it is impossible to inflate and less likely to be manipulated by a central entity, such as a central bank.
It's a pyramid scheme and no one yet knows where the bottom is.
So you could jump in now and find you're at the halfway point and make lots of dirty money, or you could be at the bottom and it crashes tomorrow.
People are "getting rich" because other people are "getting poor", since it's exclusively value assigned to nothing, the only way for someone to make money is to buy it from person A at a lower price, and sell it to person B at a higher price who is hoping to sell it to person C at an even higher price.
It was originally proposed as an alternative currency, but since it fluctuates wildly it's not used as one.
Prices are going up because whale investors in the US are pumping money into advertising it to the mainstream, and so old people and the technologically unsavvy are "investing" their life savings thinking it's safe, and as long as there's more mainstream investors then it will keep going up.
But for every person who says they made a million dollars, there's a bunch of other people who have a million dollars less real money, and instead X amount of crypto which may or may not be worth a million dollars tomorrow.
Here's a recent rugpull by a 15 second celebrity:
https://www.youtube.com/watch?v=zUHq8AWR1Rg
The people who talked her into it said they were targeting "normies" who are people who have not invested in crypto before.
And another (kid scammed 50k out of people through multiple rug pulls, parent tries to pretend his son isn't a scammer and likens it to gambling instead):
https://www.wired.com/story/memecoin-kid-backlash/
Anyway you can be safe in the knowledge that if you make money on crypto, it's extremely unlikely to be from the pocket of a wealthy investor but instead is probably retirement savings from John down the road who got a phonecall from a nice person who was telling him how he could double his retirement fund and now he's missed a mortgage payment.
The fact you're saying this could be the halfway point shows you know nothing about basic btc technical analysis, no one should be buying now. All you have to do is buy during the bear (2022) and sell during the bull (which is now). The people who lose money are those who buy during the bull, sell low, then call it a ponzi to excuse themselves for not having learned the basics. Btc can crash 70% every cycle, but it also grows 700%+ every cycle, but that doesn't fit your narrative.
Lol, where's the "growth" money coming from?
Once it has "grown", what's its purpose?
If no one should buy, what should people who have it do? Sell? Hold it? For what?
I love the whole, "It's perfect [no reasons given] and if you have a single bad thing to say about it, you just aren't informed enough", gaslighting to the max. Classic scam/scum behaviour.
Flat earthers and conspiracy theorists deploy the same tactics, "Do your own research"
Anyway your response doesn't actually apply to mine, I discussed where the money is coming from (your grandparents after they take a scam call). Not market strategies for trading.
Whom the losers are is far more important than how much the winners made, and that's one thing the winners, and those who dream of winning, will never, ever talk about.
@danvelopment: The growth comes from both institutional investors and of course retail fomo, threads like this encourage it whereas I'm selling btc at these levels. If you hold long term you'll still make unrealised gains to sell in future, that's the point. There will always be winners and losers in every market, crypto is no different. I'm advising learning some basic TA so you know when to buy/sell instead of dismissing an entire market, that's not gaslighting it's just having a willingness to learn.
@Vic: So the point, you're saying, is to pump money in it so it goes up then you sell?
Saying there's winners and losers in every market is disingenuous at best. The crypto market is built entirely on winners and losers and nothing else. Every dollar in the system has come from a loser.
In other markets, every loser is a undesirable outcome because they're built upon external actions (production of goods and trade), 100% winners is a possibility in other markets (sadly it doesn't work out that way due to speculators, which crypto is 100% made up of).
Winners and losers in crypto is REQUIRED.
For example, two share holders buy into a company that mines cobalt, another company comes along and buys that cobalt for a higher price than extraction to turn it into a battery, which they in turn sell for a profit to someone who uses that battery to produce a machine that they sell to the first two guys who use that machine to extract more cobalt, repeating the loop with excess being sold elsewhere its needed.
100% winners. The investment cycle results in net growth higher than the inputs.
However it's literally impossible for crypto to net higher than its inputs because the investment itself is the product. Plenty of space for stuff to be lost (such as lost keys, or theft), as well as the inputs required (electricity), so the best case scenario (and an impossible one) across the whole market is break even.
Products have been attempted (NFTs etc) but they've all fallen to pieces because they're garbage and/or worse than existing technology (databases).
That's the difference between crypto and other markets, in other markets the investment is unrelated to the output, the product is something else entirely and an ideal scenario is that there are no losers and all winners, but in crypto, the investment IS the product, it REQUIRES winners and losers to function.
And those losers are your grandparents, parents and other non-tech savvy people.
Also institutional investors are those people in the last line. They're Kiwisaver, retirement funds and the like.
@danvelopment: If you wanted to liken it to anything, it wouldn't be other markets. It would be a bunch of pro poker players thinking that the pot isn't big enough, and getting amateurs to join their games and sweeping up their money.
Very occasionally an amateur will do well and win a chunk of the pot.
The only money in the system is that which players have put in with the sole goal of taking a larger share of the pot than they put in.
But the pro players have a distinct advantage and if you're not winning, "Well you just haven't studied enough, you shouldn't have gone in at that time, you should have waited for another round."
If you wanted to liken it to anything, it wouldn't be other markets. It would be a bunch of pro poker players thinking that the pot isn't big enough, and getting amateurs to join their games and sweeping up their money.
Sorry, how is this not a pyramid scheme
Also I have to point out that being first doesnt make someone an expert…
I've thought it was a bubble a few times but here we are again.
BTC enables crime and is by design pretty much impossible to go back on. It's slower and more significantly more expensive than what we currently use so it'll likely never be a mainstream payment method. It is environmentally destructive and, while KYC verification is a big thing, it's not exactly a challenge to spin up a wallet without it.
BTC essentially is just trading gold or silver, I think anyone thinking there's more to it for the long term than that is just wrong. (obviously mining exists to change that a little).
The rest of crypto is littered with nothings, that are really cool lie eth doing the distributed vm thing or cardano being a functional language, but they ultimately amount to nothing useful or remotely better than what they'd like to replace
That other comment here from danvelopment is hitting it on the head pretty well, although I think conflating BTC with other cryptos is unfair. Crypto is littered with crime, scams, rugpulls etc. Buying those is, essentially, just gambling (although isn't all investing to some extent?).
People tend to not call it what it is because they're invested.
I had a slight worry recently seeing one of the bigger local names in crypto offering scam-confirmation as a service.
And then, some might say 'oh just buy on crypto.com or coinbase and be safe' yet ftx, celsius imploded and they were in the same league
I am on Binance…still worthwhile to do KYC and join OKX?
"Must switch to AU on top banner to see referral offer"
I cant find this? Is it before signup?
Mystifying this crypto stuff. Its mindboggling one digital something made up of zeros and ones that didn't exist 2 decades ago is worth a whopping 180,000 NZD each.
Anyway is this for Ozzies only it says New Australian users only.