RE: How long/ difficult was to make withdrawal/exchange from BTC/ETH to fiat $ ?
I find it strange that in all this time, so few have come on to address this fundamental concern. Either its not ever an issue for them or like a lot of coin investors who have really drunk deep of the Kool-Aid, they are in it for the long haul and don't worry about it.
However, if you read reviews of the exchanges many people complain of exactly this issue. Here in Thailand, the conversation with my circle and at coin meet-ups is always about where to invest more, never on how to consolidate profits. Also, the amount of adjacent bs that gets put out there puts me off further.
Adjacent BS I call mis or dis - information that is not specific to coins but feeds into the coinees new world view. Ideas like - fiat will soon be finished, I don't want any money in dollars- its going to blow up soon, I have all my fiat in Thai Baht, conspiracy theories, etc.
For some, its not an investment or speculative play but a Movement, World View, and Mission all rolled up in one.
I'll put out there that a way I may try myself is to sell on Local Coin exchanges. It's not my pref and there's a learning curve to do it safely and successfully but it's a way out. Basically its like a coin Craigslist -- as if that analogy inspires confidence.
My greatest fear, and I've read stories, is not even hackers or outright theft by the exchanges, but those exchanges that keep your funds in limbo claiming a trading or IT issue or impede your withdrawal via bogus and arbitrarily changing KYC rules. That would be the worst, not being denied your money but not being able to get at it and have no choice but hope you can comply or that they respond before you have to engage in costly and time consuming legal action or threat thereof.
