I'm just suggesting to practice caution because sometimes you need same day/next day money, and having a fiat emergency fund is ideal, it protects you from having to move your Bitcoin.
Also realistically Bitcoin could take up to a week to liquidate into fiat, by that time it's already too late.
Bitcoin is a good tool but fix your fiat situation first because Bitcoin price swings can screw people over when they desperately need the most.
IMO is a matter of opinion: I choose bitcoin because I believe that it's a game changer and can lead people to a better world. I didn't choose it to get rich and maybe because I have a good job I don't want more than I already have. So, doesn't matter the price of bitcoin for me.
PS: if your bank need 1 week to liquidate...... change bank!!!
Do you use it as peer 2 peer money also?
Because I spend, and replace my Bitcoin.
The peer-to-peer exchange is mainly used to buy KYC-less bitcoin, which doesn’t interest me, so I’ve never used it. All the bitcoin I buy is KYC. Honestly, I’m not afraid to declare my bitcoin, as it comes from my work. I don’t want to criticize peer-to-peer exchanges, and I believe privacy is very important, but since my choice to put my wealth into bitcoin is more political than economic, it’s not a priority for me.
I'm talking about using Bitcoin as cash.
Usually I go with Bitrefill, sometimes I use on chain transactions for some web shop, and very often on the web I use LN
For me in the UK I with a bank call revolute and with them I can buy store and have a card that lets me spend my bitcoin so I put a little bit of my money into bitcoin as a kind of savings I don't worry about price either and then if I need fiat quickly and don't have enough and I can take bitcoin I can spend that immediately with the digital card that they give me
I'm 100% with you on this one
