How did that 800M come from ?
Same question, I haven't follow how much they invested on Bitcoin and when did they sell to take profits.
I do not think that they did. At least I have not seen anywhere that Bukele has made it public.
Topic: Bitcoin can help all nations. - page 2. (Read 317 times)
Same question, I haven't follow how much they invested on Bitcoin and when did they sell to take profits.
I do not think that they did. At least I have not seen anywhere that Bukele has made it public.
After the 2017,the bitcoin was became a world transaction instrument.Because after the huge pump of bitcoin price of 19k dollars in 2017,many new people come to the forum.Most the exchange are support of crypto currency and used to send to any part of the world.It’s doesn’t possess huge free for the transaction.And the transaction time period of PayPal and Wireless trans away huge.So the crypto currency was take of 5-10 minutes for the transaction of bitcoin to the other part of world.You should concentrate on the address before sending the crypto currency to avoid of sending to wrong address and it should be checked on every transaction.
As a matter of fact, that is one of the major reason Satoshi Nakamoto invented the bitcoin so that there would be financial liberation all round the world irrespective of the economic crisis ravaging nation's globally but this could only be achieved if only the nation's of the world sees what the inventor of the bitcoin wants them to see just like a poster posted here in response to this topic created. Bitcoin can make national reserve in time to come if only they see it so, from all indications in a short while, bitcoin will take the place of gold and therefore would automatically become a globally recognized store of value which means that each one time fraction of bitcoin will count in numbers which can not be comprehended.
Any nation can benefit from bitcoin but eventually not all will have this experience at the same time since we are already having some adopting while some were having a second thought about bitcoin adoption, yet we need to emphasize on the bitcoin adoption in El-Savador and IMF retreation concerning it as well, El-Savador has already made it decision with bitcoin and i see not need for IMF to continue in it propaganda against their decision if not that they were missing out something, i hope they wouldn't have wanted El-Savador to be free from any opportunity that could serve an avenue to clear it debt and remain independent for live, and such decision with bitcoin adoption could make this a reality but IMF wouldn't wanted.
Yes bitcoin can help but if only the nation accept it and take it as legal tender then BTC will becomes a help to the nation. I see that IMF warning as threat. They are saying this because they know that El Salvador is going to be a great nation in the future. And they don't want any nation to be a great nation and have the financial freedom because they have chained all the nations to themselves and loan them financially. The problem we are facing in Nigeria is causing by IMF. IMF knows that they can't control bitcoin so the only way to stop El Salvador is to stop them using bitcoin which El Salvador will not agree for that.
How did that 800M come from ?
Same question, I haven't follow how much they invested on Bitcoin and when did they sell to take profits.
But regardless of the question though, Bitcoin can indeed help all nations, but there is a caveat as well, not all are willing to invest specially if this talk about the whole country's economic outlook. It will be a big risk for the sitting President like Bukele to believed on Bitcoin itself. That's why the IMF had issued warnings but El Salvador stood firm on Bitcoin and if this news is true then another good example how it can help a poor nation generation money to pay off it's debt although there will be skeptics here for sure.
If i should ask you this question, how Bitcoin help a nation? From my perspective in cryptocurrency and especially bitcoin which is the most influential coin in cryptocurrency can help a nation when the country decode the important of cryptocurrency, so i believe that cryptocurrency can have a support for a nation when they invest via Bitcoin with a credible traders that knows the advantages and disadvantages of cryptocurrency precisely.
IMF is an international financial organization of which I believe are only driven to render financial assistance to nations whose economic policies are in alignment with theirs, and its no news that the IMF as an organization is not unconnected to centralized authority system. Whereas bitcoin is a decentralized currency of which it's operational pattern doesn't conform to central government influence and interference, and so I wonder, could it be due to these factors that the IMF in bent on giving out warnings to the El Salvador government against their acceptance of bitcoin into their financial sector and heavily investing on it but rather doing so under the pretext of supposed risk that El Salvador decision might pose to it's economy?
I believe the issue of high volatility is one of the major reason why IMF is issuing warnings to El Salvador. For IMF, investing in a high volatile asset is a red flag since IMF believe that the Bitcoin market can crash anytime and will incur losses to El Salvador's economy.
We know that IMF is a strong believer of centralized financial institution, so Bitcoin being decentralized is one negative point for IMF.
Bitcoin if taken seriously and with right regulation can surely help one country. It has been discussed and stated that Bitcoin can bring new jobs, potential business venture and start-ups that can give a country profit.
Bitcoin has already proved itself as an international payment instrument and will continue to prove it.Against the background of recent events in the world, such as wars and earthquakes, people continue to devour both bitcoin and other cryptocurrencies.As for me, this is a unique tool that needs to continue to be used for such purposes.
Indeed. More or less if a Central Bank is against it, its good 
IMF/WB are made by people from central banks all over the world.
Central Banks reason of existence is to aid Banks in case of bankruns.
Bankruns are only possible because of fractional reserve.
Not even 10% of the fiat money in the world exists, this scheme works because people are not withdrawing at the same time...
And with their wealth they influenced lawmakers over the 20th century to build robustness to it.
Said lawmakers also got input from economists of this system, that needs trash money to "incentive" people to get in debt...
This is why they fear deflation so much, non garbage money puts all of this at risk.
People saving to buy, instead of getting in debt to buy breaks this.
With Bitcoin, we don't need Banks, Central Banks, or a World Bank/IMF. We don't need exchanges either, its all about a circular economy where you pay in bitcoin and get paid in bitcoin. Just think of the implications, you will become free from the State and those financial institutions.
Banks and exchanges can still exist but should be relegated for some legacy use and always optional, not mandatory how they made it today where they made it impossible for you to function in society without them. Bitcoin is restoring your freedom, you used to have some with fiat cash, but unfortunately the value of fiat cash can be destroyed by some decree overnight.
Do you understand the value of Bitcoin yet? You should...
IMF/WB are made by people from central banks all over the world.
Central Banks reason of existence is to aid Banks in case of bankruns.
Bankruns are only possible because of fractional reserve.
Not even 10% of the fiat money in the world exists, this scheme works because people are not withdrawing at the same time...
And with their wealth they influenced lawmakers over the 20th century to build robustness to it.
Said lawmakers also got input from economists of this system, that needs trash money to "incentive" people to get in debt...
This is why they fear deflation so much, non garbage money puts all of this at risk.
People saving to buy, instead of getting in debt to buy breaks this.
With Bitcoin, we don't need Banks, Central Banks, or a World Bank/IMF. We don't need exchanges either, its all about a circular economy where you pay in bitcoin and get paid in bitcoin. Just think of the implications, you will become free from the State and those financial institutions.
Banks and exchanges can still exist but should be relegated for some legacy use and always optional, not mandatory how they made it today where they made it impossible for you to function in society without them. Bitcoin is restoring your freedom, you used to have some with fiat cash, but unfortunately the value of fiat cash can be destroyed by some decree overnight.
Do you understand the value of Bitcoin yet? You should...
How did that 800M come from ?
Bitcoin can help all nations: El Salvador able to pay back an $800M bond because investment in BTC brought money to the country. El Salvador has completed payments of its $800 million outstanding bond following concerns that it could default due to its decision of making Bitcoin a legal tender.
Regardless, the country still owes $367 million plus interest on an $800 million bond due to mature in 2025. Despite all of these progress made by the El Salvador government in their decision to invest in and adopt bitcoin as a legal tender in there country, still the international monetary fund can help but keep making discouraging warning statements to make El Salvador to make a U-turn in their financial policy on bitcoin.
IMF issues another warning to El Salvador on its Bitcoin decisions:
The country has been very certain about its decision to integrate Bitcoin into its financial sector. However, the International Monetary Fund (IMF) keeps issuing warnings. After a recent visit of IMF staff in the country, they observed that the Bitcoin risk to the country has not materialized yet. This is said to be due to its limited use of the decentralized asset. https://www.crypto-news-flash.com/bitcoin-can-help-all-nations-el-salvador-able-to-pay-back-an-800m-bond-because-investment-in-btc-brought-money-to-the-country/
IMF is an international financial organization of which I believe are only driven to render financial assistance to nations whose economic policies are in alignment with theirs, and its no news that the IMF as an organization is not unconnected to centralized authority system. Whereas bitcoin is a decentralized currency of which it's operational pattern doesn't conform to central government influence and interference, and so I wonder, could it be due to these factors that the IMF in bent on giving out warnings to the El Salvador government against their acceptance of bitcoin into their financial sector and heavily investing on it but rather doing so under the pretext of supposed risk that El Salvador decision might pose to it's economy?
Regardless, the country still owes $367 million plus interest on an $800 million bond due to mature in 2025. Despite all of these progress made by the El Salvador government in their decision to invest in and adopt bitcoin as a legal tender in there country, still the international monetary fund can help but keep making discouraging warning statements to make El Salvador to make a U-turn in their financial policy on bitcoin.
IMF issues another warning to El Salvador on its Bitcoin decisions:
The country has been very certain about its decision to integrate Bitcoin into its financial sector. However, the International Monetary Fund (IMF) keeps issuing warnings. After a recent visit of IMF staff in the country, they observed that the Bitcoin risk to the country has not materialized yet. This is said to be due to its limited use of the decentralized asset. https://www.crypto-news-flash.com/bitcoin-can-help-all-nations-el-salvador-able-to-pay-back-an-800m-bond-because-investment-in-btc-brought-money-to-the-country/
IMF is an international financial organization of which I believe are only driven to render financial assistance to nations whose economic policies are in alignment with theirs, and its no news that the IMF as an organization is not unconnected to centralized authority system. Whereas bitcoin is a decentralized currency of which it's operational pattern doesn't conform to central government influence and interference, and so I wonder, could it be due to these factors that the IMF in bent on giving out warnings to the El Salvador government against their acceptance of bitcoin into their financial sector and heavily investing on it but rather doing so under the pretext of supposed risk that El Salvador decision might pose to it's economy?
Jump to: