Nostr Web Client

Okay fair point! Let’s say you keep converting small amounts and nobody notices it. Let’s say somebody hodled Bitcoin a decade and wanted to use it to buy a home. How could he convert it back to fiat without problems

sommerfeld 2y ago

Right now, you don't. Buy a house directly with bitcoin, it's already possible with some countries.

Another strategy is just selling 2000 USD per month for 5 years and then buy a house or use it for a mortgage. It takes but sovereignty is not easy and requires commitment.

Reply to this note

Please Login to reply.

Discussion

orangedog 2y ago

if my nation of residence blocks my purchase of real estate with bitcoin, then:

1. not enough time has passed

2. let’s buy property in a jurisdiction with friendlier attitudes

Humble Bitcoiner 2y ago

Fair point

Humble Bitcoiner 2y ago

Good insights! Thanks for sharing, appreciate it