44 countries will meet in El Salvador to discuss Bitcoin - page 2.

arwin100

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Quote from: Doan9269 on August 09, 2022, 06:08:53 AM

Quote from: TribalBob on August 08, 2022, 10:17:47 AM

BTC is currently experiencing a decline and making their country's assets also go into crisis

how do you come into concluding on this one, even without bitcoin adoption each country has their economic challenges on how its been run and many still go more in debt, but aside the previous ones before the adoption of bitcoin as a legal tender in El-Savador, I've not heard from the news that it went ahead in seeking for another loan, remember they don't solely rely on bitcoin for their economic sustainability, there are other means of steady income.

Don't know if they have capacity to take a loan again since maybe they tighten up their belts to do this because they are suffering huge lose from the bear market season, But we don't really know the real score about that since there are other conclusion that they might be successful if they continue to accumulate while bitcoin dumps badly last couple of months or days. I never heard any hype coming from El Salvador or maybe we just missed the updates about crypto adoption on their country.

Webetcoins

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Quote from: pooya87 on August 08, 2022, 01:11:38 AM

Quote from: Morosophy on August 07, 2022, 11:37:44 PM

Crypto winters are not finished yet, though the market is trying to correct itself. El Salvador needs to be optimistic about their holdings that soon this will be over and the market will go uptrend again.

Crypto winter is never going to end, the altcoins will continue to dump until they die and replaced by new altcoins. If it were anything other than this we would have had a million altcoins on exchanges instead of a thousand!

Bitcoin on the other hand which is what all these countries are interested in, is going to rise in the long run and it has nothing to do with optimism, it is facts based on the unique and useful utilities that bitcoin provides.

I do not think that "all" will die, sure there will be plenty that dies and they become smaller, but the reality is that stuff like eth or bnb for example will stay, they will keep their positions and they will go on to grow in order to be bigger. I am not saying this for all, I can't talk about what will happen to ADA or AVAX or SOL or whatever, maybe they will stay too, or maybe they will be gone but I know for a fact that btc-eth-bnb will stay because that trio is strong.

All in all, the best thing we can do right now would be to make sure that we do not hold the ones that are risky and may die, and we end up holding the ones we know for a fact that will stay healthy during bull run.

Doan9269

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Quote from: TribalBob on August 08, 2022, 10:17:47 AM

BTC is currently experiencing a decline and making their country's assets also go into crisis

how do you come into concluding on this one, even without bitcoin adoption each country has their economic challenges on how its been run and many still go more in debt, but aside the previous ones before the adoption of bitcoin as a legal tender in El-Savador, I've not heard from the news that it went ahead in seeking for another loan, remember they don't solely rely on bitcoin for their economic sustainability, there are other means of steady income.

Stella Mese

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with the gathering of big people and important people from various countries this is good news, now the name bitcoin has become increasingly popular in this world so that many countries have adopted it and because they all see the great potential in bitcoin, and this is also good news for the public. Bitcoin investors, myself included, are delighted to hear this news. and I think bitcoin will be more successful in the future.

TribalBob

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Quote from: Morosophy on August 07, 2022, 11:37:44 PM

Crypto winters are not finished yet, though the market is trying to correct itself. El Salvador needs to be optimistic about their holdings that soon this will be over and the market will go uptrend again.

the winter will never end, where many new projects for altcoin keep coming to occupy their best positions, but the fact is that many have retreated and died,
el salvador itself as we know they are very optimistic that bitcoin will again reach ATH and it will provide multiple benefits in their country, even though BTC is currently experiencing a decline and making their country's assets also go into crisis

buwaytress

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Quote from: uchegod-21 on August 06, 2022, 12:43:10 PM

I saw my country in the list - Nigeria and I am happy, but it seems that it is mostly Africa countries or under developed countries that are on the list.

Least you get excited seeing your country on GXX lists, it just gives me a wry smile each time mine appears. Hand holding, back slapping, money to be made for them and not for their people. Bitcoin doesn't need the state to but Bitcoin and hold it, or give the people more handouts, they need the state to fix the structures from scratch and allow, not control, Bitcoin (which, really, believe me, is what G20, G44, G7, etc will always be about).

348Judah

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Have we even sat down to think about the reasons behind the meeting of about 44 countries in El-Savador aside the said discussion about bitcoin the media reports, from my perspective, when you take a unique and drastic steps seeming stupid in the eyes of others but you are good, ok a d contempted about your decisions it calls for attention, many bitcoiners, entrepreneurs, inventors and businessmen would have deliberate about Nayib Bukele actions and found it interesting enough to learn from, you must try something new to be a legend, this leadership from El-Savador's president Bukele is another creative lessons they all come around to learn but not only in learning but seing it as well with regards to their bitcoin adoption, am sure they all had something tangible as take home to their various countries after the meeting.

wmaurik

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Quote from: Morosophy on August 07, 2022, 11:37:44 PM

Crypto winters are not finished yet, though the market is trying to correct itself. El Salvador needs to be optimistic about their holdings that soon this will be over and the market will go uptrend again.

El Salvador has long been optimistic on Bitcoin and I have also never seen any concerns raised on the part of El Salvador, so there is no need to say to remain optimistic about El Salvador because the government of El Salvador has long been very optimistic about their holdings and that I think they are ( El Salvador) will forever be optimistic about Bitcoin and its holdings forever.

pooya87

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Quote from: Morosophy on August 07, 2022, 11:37:44 PM

Crypto winters are not finished yet, though the market is trying to correct itself. El Salvador needs to be optimistic about their holdings that soon this will be over and the market will go uptrend again.

Crypto winter is never going to end, the altcoins will continue to dump until they die and replaced by new altcoins. If it were anything other than this we would have had a million altcoins on exchanges instead of a thousand!

Bitcoin on the other hand which is what all these countries are interested in, is going to rise in the long run and it has nothing to do with optimism, it is facts based on the unique and useful utilities that bitcoin provides.

Morosophy

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Crypto winters are not finished yet, though the market is trying to correct itself. El Salvador needs to be optimistic about their holdings that soon this will be over and the market will go uptrend again.

uchegod-21

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Before now I was seeing El Salvador president as an ordinary bitcoin enthusiasts who out of his love for bitcoin made his country to accept bitcoin as legal tender. But when he began to buy deep even when he previously bought high and being criticised by many people I began to understand he is more than an ordinary bitcoin man.
Inviting upto 44 countries to his country for bitcoin conference is making me think that he is my elder brother (Satoshi) Grin

. This is a good development.

I saw my country in the list - Nigeria and I am happy, but it seems that it is mostly Africa countries or under developed countries that are on the list.

tygeade

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Quote from: Nrcewker on August 05, 2022, 02:40:08 AM

Quote from: nullama on May 16, 2022, 02:18:18 AM

It won't be a surprise if one or two of the countries of this list end up having Bitcoin as a legal tender in the near future.

Yes definitely after the meeting we will some smaller countries accepting Bitcoins officially as a tender.
This is a great revolutionary movement, and we should praise El Salvador for this.
Earlier El Salvador took the advantage of bear market and bought hundreds of coins, now this time they will hold it until Bitcoins recover to their original price. This will surely motivate other economical backward countries to invest in Bitcoins and digital currency.
Let’s see what outcomes come from the meeting.

I do hope that El Salvador knows what they are doing, if they keep doing something that doesn't really mean much, then we are not going to end up seeing more nations that go with bitcoin in the long run. However, if we are going to end up seeing how the system works and El Salvador making money from it and promoting it, then we are going to see many other smaller nations that go into it with them.

So, what they are doing is very important, it will decide the direction of all other nations and it will take a while before we could actually do something about it. What I hope really is that the president stays another term, because new one could sell it right away.

Marvell1

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Quote from: lepbagong on August 04, 2022, 05:33:49 AM

Quote from: kryptocanon on May 20, 2022, 04:11:31 PM

The name El-Salvador will never be omitted or forgotten in the history of Bitcoin for her bold move for being the first country to make Bitcoin a legal tender in the world. Up until now, it never stop paving ways for other countries and institutions.

It must be appreciated what the leaders of Elsavador have done by adopting bitcoin as a legal tender, because as a leader, they must always have a visionary mission to see the future that will happen.

Nayib Bukele, president of El Salvador has a far-sighted view, that bitcoin will be able to help the economy for his country. Although this action has been criticized a lot but as a leader who knows what will happen in the future with bitcoin, of course he will do it wisely and measuredly.

hopefully what elsavador is doing will continue to be followed by many other countries and will make bitcoin trusted and able to compete in the future, of course it is not easy to convince all parties of this.

Bitcoin is going through a winter, most people's wealth is down and Elsavador is not immune to doubts about their bitcoin holdings. But I believe that once the bear season is over and the bull season comes, when bitcoin will bounce back and generate $100k ATH as everyone has predicted, then all doubts about El Salvador will be removed. I am confident that at least two or three of these 44 countries will follow El Salvador's example.
As long as bitcoin rebounds and Elsavador proves they were right to accept bitcoin, the bitcoin effect of the legal tender will quickly spread.

Nrcewker

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Quote from: nullama on May 16, 2022, 02:18:18 AM

It won't be a surprise if one or two of the countries of this list end up having Bitcoin as a legal tender in the near future.

Yes definitely after the meeting we will some smaller countries accepting Bitcoins officially as a tender.
This is a great revolutionary movement, and we should praise El Salvador for this.
Earlier El Salvador took the advantage of bear market and bought hundreds of coins, now this time they will hold it until Bitcoins recover to their original price. This will surely motivate other economical backward countries to invest in Bitcoins and digital currency.
Let’s see what outcomes come from the meeting.

Captain Corporate

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When you are a big nation and you have funds that you could store and not even care about, then you become a great long term holder that wouldn't worry about anything else. When you are a great long term holder then you do not even have "predictions", but more like future profits not recouped yet. People literally take loans against the stocks they own in the US, not an easy thing to do but if you are rich enough then they let you do it, because they know that they could liquidate you and thats fine. So long story short, El Salvador knows what they are doing, its not a prediction if you can wait 10 years or more, and as long as president stays the same or the new one doesn't change mind, then this is going to be super profitable for them.

jostorres

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Quote from: lepbagong on August 04, 2022, 05:33:49 AM

Quote from: kryptocanon on May 20, 2022, 04:11:31 PM

The name El-Salvador will never be omitted or forgotten in the history of Bitcoin for her bold move for being the first country to make Bitcoin a legal tender in the world. Up until now, it never stop paving ways for other countries and institutions.

It must be appreciated what the leaders of Elsavador have done by adopting bitcoin as a legal tender, because as a leader, they must always have a visionary mission to see the future that will happen.

Nayib Bukele, president of El Salvador has a far-sighted view, that bitcoin will be able to help the economy for his country. Although this action has been criticized a lot but as a leader who knows what will happen in the future with bitcoin, of course he will do it wisely and measuredly.

hopefully what elsavador is doing will continue to be followed by many other countries and will make bitcoin trusted and able to compete in the future, of course it is not easy to convince all parties of this.

They are first to make btc a legal tender but I don't think they have the ability to see the future. Like anyone else, they are only doing a prediction. They do have an experience on how to deal with stuffs when btc value declines or if there are other difficulties, aside from the advantages that btc can provide. This is what other countries wants to know on why they will go and do a meeting on El Salvador.

El salvador is having its own bitcoin city is also the best place for meetings related to bitcoins. As of now, there are two countries that have been added in the list to adopt btc as a legal tender. This is a good start. Other's can just follow soon once they are now ready.

lepbagong

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Quote from: kryptocanon on May 20, 2022, 04:11:31 PM

The name El-Salvador will never be omitted or forgotten in the history of Bitcoin for her bold move for being the first country to make Bitcoin a legal tender in the world. Up until now, it never stop paving ways for other countries and institutions.

It must be appreciated what the leaders of Elsavador have done by adopting bitcoin as a legal tender, because as a leader, they must always have a visionary mission to see the future that will happen.

Nayib Bukele, president of El Salvador has a far-sighted view, that bitcoin will be able to help the economy for his country. Although this action has been criticized a lot but as a leader who knows what will happen in the future with bitcoin, of course he will do it wisely and measuredly.

hopefully what elsavador is doing will continue to be followed by many other countries and will make bitcoin trusted and able to compete in the future, of course it is not easy to convince all parties of this.

Cookdata

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Quote from: KennyR on May 20, 2022, 06:53:47 AM

By third day of the Meeting representatives from different central banks have gathered in the Bitcoin beach and has shouted bitcoin. Nothing positive as we expected have come out of the meeting. Few central bank representatives have stated it isn't the way to discuss about bitcoin in such an environment. Anyhow soon we'll get to see what has happened out of the meeting.

It could be good news to speculators that they are having a meeting but ideally, it is of no benefit to bitcoiners, just a group of failed traditional banking systems who want to learn what the new model of bitcoin is and how it works. Not as if the representative has the final say to implement bitcoin, if the country still rules for or against the use of bitcoin, all of them there cannot do anything to change that, only the government in power has the power to do it. El Salvador is doing its best to spread crypto adoption and I love the energy and commitment they put into bitcoin. #Hodl.

kryptocanon

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The name El-Salvador will never be omitted or forgotten in the history of Bitcoin for her bold move for being the first country to make Bitcoin a legal tender in the world. Up until now, it never stop paving ways for other countries and institutions.

Hypnosis00

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Quote from: nullama on May 16, 2022, 02:18:18 AM

It won't be a surprise if one or two of the countries of this list end up having Bitcoin as a legal tender in the near future.

No, not just two but many, that is what I see. It is just to see that many people are curious about crypto, especially for Bitcoin, the more they got into knowing how this work and the more they support this becoming a legal tender. Might not be too impressive to see what happens with Bitcoin adoption in El Salvador but this serves as a mirror to other countries that there is no wrong about trying. It was really hard to encourage people nor they can urge us especially if we don't understand it.

Well, I hope this meeting is successful and more countries have been encouraged to give support Bitcoin and to consider it as legal tender aside from fiat.

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