Post
Topic
Board Bitcoin Discussion
Re: How safe are physical exchanges in your neighborhood.
by
fuguebtc
on 17/08/2023, 10:31:21 UTC
I believe  the topic speaks volume for itself as it is already self explanatory.
This question was born out of a real life experience  where a petty trader was publicly  harassed by some uniformed security  personnels claiming  to be some police  officers and after some investigations the security  personnels claimed that the woman aided some criminal  activities  as well as some internet fraud simply because she made her private exchanges public and the government as some point also frowns  at the use of bitcoin  in my country.

Now my worries is that, this singular act has driven alot of fear to some low key bitcoin holders in my neighborhood  even myself and there are shops I hope in town that operate physical  exchanges.

~Do you think those dealers are safe?
~And what's the fate  of physical  cryptocurrency exchanges(r) in your country?

Let's  discuss
Personally I never used physical locations to buy bitcoin and to be honest I don't think I would ever do it simply because it means that whoever is there in that moment will know you own some crypto. Maybe you bought $10, maybe you bought 1 bitcoin, who knows, in any case others don't know and they may think you own a lot of bitcoin so, government aside, there is also a personal safety issue.

If as you said, you are not willing to use bitcoin in public, it means that you do not want people to know you are a bitcoin investor. If everyone is like you, how can bitcoin become a currency, a means of payment when everyone hides that they own bitcoin? We always want bitcoin to become more popular, always want people to know more about bitcoin, but meanwhile we are afraid to use bitcoin or spread bitcoin to others. How can bitcoin become popular?