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?
|depend in which country mate specially those who has already accepted bitcoin as legal tender so how would they having this same trouble as yours?
but of course all of us have this same worry because what if one day that all the country near us will totally banned bitcoin and we will have no option to cash out?
this is the nightmare we all don't want to have so lets be sure to have a best decision at any cost.