Consider the following scenario:
As an average Joe, how am I supposed to manage my BTC?
- My BTC are KYC'd because that's the easiest way to buy BTC
- I never transact with it, just hodl
- When I'll have to sell to fund a large purchase (a house, renovations, medical bills etc.), I'll have to deal with UTXOs, tax from the government, AML questions (risk for suspension) when trying to transfer a massive gain in fiat value to my bank account.
/end scenario
How do I best explain how to mitigate the drawbacks of all of these points to an average Joe who wants to invest in BTC because he's getting shafted by the central bank?
As an average Joe, how am I supposed to manage my BTC?
- My BTC are KYC'd because that's the easiest way to buy BTC
- I never transact with it, just hodl
- When I'll have to sell to fund a large purchase (a house, renovations, medical bills etc.), I'll have to deal with UTXOs, tax from the government, AML questions (risk for suspension) when trying to transfer a massive gain in fiat value to my bank account.
/end scenario
How do I best explain how to mitigate the drawbacks of all of these points to an average Joe who wants to invest in BTC because he's getting shafted by the central bank?
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