While it is good news for Bitcoin users/hodlers that countries allow the use of Bitcoin as a means of transactions within their border, what will be your position if a country decides to take a step further by using Bitcoin as its national currency?
As much as i want bitcoin to be mainstream i do not like the idea as bitcoin for a national currency. Surely the government will be very strict about bitcoin and will find ways to track your money and find.ways to tax your bitcoin. I am all for tax but just a minimal amount. Unlike what they are taxing us now
Well to some extent you are right as you are being a bit mean about your profit and you said bitcoin will be fixed for its price by government and then government will allow us bitcoin for our every investment, but mate if this will happen then bitcoin will be use worldwide and people will know and trust bitcoin that it is digital currency and we can have thousands of dollar profit, bitcoin is independent currency and it will remain same for a lot of years, even if government will take the command upon bitcoin.