My biggest concern is privacy. I don't like that anyone (but especially the government) can know how much Bitcoin I have, or how I spend it, or who I received it from. It's more traceable than credit card transactions because anybody can look into it, not just the bank or the government.
There's no telling how badly we can one day be punished for having Bitcoin through taxes, even of unrealized gains.
I'm not terribly opposed to it as long as my identity is not tied to it in any way. I don't want it to be a liability.
I do have some Monero, and I use it for legal, moral purposes. I also save some, and its worth does increase, just not as dramatically as Bitcoin. I'm not looking for dramatic, quick wealth. I don't have to worry about Uncle Sam regulating Monero since they don't have tabs on who has it or how much someone has. I figure it's nobody's business just like it's no one's business how much cash I have in my wallet or under my mattress.
But if Bitcoin is your thing, I'd say buy some now while the price is lowered temporarily (that's what I do with Monero). I wouldn't be opposed to buying a little myself if someone wanted to trade it for Monero. I'm just 100% dead set against KYC.
