Quote from: TheUltraElite on February 02, 2017, 10:58:30 AM

Quote from: Daedra on February 01, 2017, 11:11:44 AM

slightly, what really matters is independence from governments and banks

You are not totally independent from them even if you use bitcoin as primary currency. Since every merchant will not be accepting bitcoin and you will end up selling bitcoin for fiat when in turn you will need to pay taxes.

In our country if we are found to exchange huge amounts - we are prone to prosecution and/or legal problems.

Price is the one and only determining factor in acceptance of bitcoin in the current state since people want to make money from trading and as more people get into trading bitcoin the prices rise even more.

and since you are will only end up selling and converting your bitcoin into fiat still you won't be able to escape from traditional taxes especially to those transactions fee, VAT etc. because you are still going to use fiat currency as what you have said there's still no merchants who accepts bitcoin in your country . anyway, I think you mean that the price is the main thing why people are adapting in to bitcoin and I agree with that . many people will surely put their money in to bitcoin while the price keeps on increasing .