Quote from: maartenhaha on Today at 07:50:45 AM

Quote from: Paisleyvn on June 24, 2021, 06:04:06 AM

I'm currently receiving some of my income in BTC, and I'm just holding it because I expect it will go up long term and so it is my savings.
But sometimes I'd like to be able to turn it into fiat for daily expenses. I can't yet pay my rent or buy my groceries with BTC (hopefully one day! but not today and not in the near future).
With banks in some countries blocking transactions from known exchanges is there a worry that one day it will become impractical to turn the BTC into fiat? Either just very hard to do, maybe street-corner-deals or at risk of getting your bank accounts frozen?
Do people think about this and have plans to work around these kinds of banking barriers? Or are there ways around it already but I'm not aware?

I just found out that banks prohibit transactions from exchanges in certain countries, but exchanges provide P2P to solve this problem so that all crypto communities from rule-treating countries don't have to worry about bank withdrawals. I advise you to hold bitcoin in the long term because the market conditions will soon be bullish this year.

I agree there is always a way to convert Bitcoin to fiat, although there are still some countries that do prohibit cryptocurrency transactions. No need
to worry that the crypto community is now everywhere, they can help us provide information on safe crypto transactions. Even in this forum we can
find many threads discussing how to do crypto transactions in countries that do not accept crypto. One of them is by using the P2P feature on
several platforms, so don't ever hesitate to buy Bitcoin, because as we know the price of Bitcoin has increased every year. Then we can generate large
profits from holding Bitcoin in the long term.