I had really thick fast facial hair growth too - laser took care of most of that (still some to do). Hormones won't remove the beard shadow though you might see a reduction in the rate it grows.
Good question. I've been asking myself the same thing now that I have crossed some sort of line where my appearance can't be shrugged off.
I've been gradually changing my appearance for some time now and I have found that I can't go back. A lot of it is to do with a shift in mental attitude - I'm no longer simply discovering and exploring my androgyne self and experiencing it in little bits. I have shed the protective coating and I'm just androgyne now.
In the beginning I tended to approach it as all in good fun. If you can joke about it with other people and laugh at yourself then it makes things easier. I think gradual change is important. This allows people to get used to you and you used to being yourself. I don't really fear what people think now. I more fear how it will affect my family, my job chances, or getting beaten on the street sort of thing. I can handle stares and comments. I'm starting to think that the outside is not something you steel yourself against, but as something you let in. Be the ambassador, show them your world, be proud and fierce. Also don't ostracise other people for being different, stand up for those that need a champion.
If you fear for your safety then I would suggest moving away from the sticks.