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?
There are some local exchanges in my country, maybe if close one, the others still open. But what i'm afraid is when government made bitcoin in my county illegal and closed down all of them. Although that thing can really happen in very small chance, a lot of people maybe afraid if suddenly they can't convert bitcoin to fiat anymore because it is value of bitcoin itself.
