Topic: Did Miss El Salvador cause the Bitcoin price to spike last night? - page 3. (Read 515 times)
January 13, 2023, 07:36:20 PM
Whether El Salvador wins the competition or not, the country keeps working on all possible ways to give awareness to the world. The Miss Universe competition is the real resemblance of El Salvador, because they've taken the step forward and working on it without expecting the results. The price rise over the two days will make people praise the decision of El Salvador buying bitcoin at the lowest price of recent months.
January 13, 2023, 05:46:16 PM
Alejandra Guajardo, who represented El Salvador at Miss Universe 71, wore a costume with a Bitcoin theme. El Salvador is known as the first nation to legalize Bitcoin as a form of payment. Did Miss El Salvador cause the Bitcoin price to spike last night? We have gained $1,000 over the last 12 hours.
They just demonstrate to the rest of the world that they are prepared to move beyond simply embracing the cryptocurrency area by changing the way we perceive a cashless society. Adoption is a real phenomenon that won't end there.
Source
They just demonstrate to the rest of the world that they are prepared to move beyond simply embracing the cryptocurrency area by changing the way we perceive a cashless society. Adoption is a real phenomenon that won't end there.
Source
If it's so, the effect is still there - I can witness some nice upwards price action right now - we're attacking $20k at the moment. If we'll breach $20k the future ahead is bright - fair chance to reach $40-50k this year and new ATH after the halving next year.
January 13, 2023, 05:32:29 PM
I don't know if Miss El Salvador has raised the price of Bitcoin, but I'm sure she has raised other things. :) I always have the same opinion on such matters. Bitcoin will surely complete its mass adoption one day. It doesn't need anything. It will certainly achieve this thanks to its own characteristics. I have no doubt about it. However, I would always like to thank the people who contributed to the mass adoption of Bitcoin. Therefore, I thank Miss El Salvador for the things she has raised in me. :)
January 13, 2023, 05:31:48 PM
Alejandra Guajardo, who represented El Salvador at Miss Universe 71, wore a costume with a Bitcoin theme. El Salvador is known as the first nation to legalize Bitcoin as a form of payment. Did Miss El Salvador cause the Bitcoin price to spike last night? We have gained $1,000 over the last 12 hours.
No, Miss Universe competition never affected price of any assets in the world, including Bitcoin, but it sure did look cool to see her carry Bitcoin symbol.I know lot of people received new El Salvador residence after they decided to make Bitcoin legal tender, but in reality Bitcoin adoption in that country is not that great.
January 13, 2023, 05:17:46 PM
Doubt it. Bitcoin has pretty much been a household name for a while now. A lady wearing a bitcoin-themed dress wouldn't suddenly make people say "omg bitcoin I'm buying now!".
since I entered this bitcoin market I learned two very important things:
1 - whenever the price of bitcoin or the price of any altcoin goes up a lot out of nowhere it means that there is some news that caused the price to increase, in the same way that whenever the price of bitcoin or altcoins goes down a lot and because there is some news It is very important that they made people panic and decide to sell
2 - any news that is relevant or not but that exposes bitcoin or altcoin to a certain elite audience causes many people to start buying bitcoin or altcoin and the price goes up a lot
forcing a miss to wear bitcoin clothing was a huge exaggeration, even if someone told me that she wasn't forced I wouldn't believe it, that's because it doesn't seem to me that she is such a fan of bitcoin to the point of wearing that bitcoin outfit, definitely it was not a good attitude
January 13, 2023, 05:14:24 PM
I do not think that Miss El Salvador carrying a huge staff with a Bitcoin sign, makes the price of Bitcoin spike. It is more or less the release of the CPI report has something to do with it.
Bitcoin signage and promotion had been happening over the course of Bitcoin, and it is proven that even though it increases adoption, it does not create a spike in demand of Bitcoin. It has something to do with the overtime product increase, slowly increasing demand for Bitcoin that produces price increase slowly over the span of time and not this kind of spike we experience today.
Bitcoin signage and promotion had been happening over the course of Bitcoin, and it is proven that even though it increases adoption, it does not create a spike in demand of Bitcoin. It has something to do with the overtime product increase, slowly increasing demand for Bitcoin that produces price increase slowly over the span of time and not this kind of spike we experience today.
January 13, 2023, 05:11:40 PM
The impact of this event is not on bitcoin as per say because miss world is not a big enough event to trigger Bitcoin price, but what we deduce from this custom by the El Salvador miss world representative is.
Promotion of bitcoin adoption in her home country and how the global world can see the new decisions of El Salvador in bitcoin adoption through their promotions.
And since El Salvador is the first country to adopt bitcoin as legal tender it's best the push it to the frontline so that the world can see how persistent there are toward their Bitcoin policy.
Promotion of bitcoin adoption in her home country and how the global world can see the new decisions of El Salvador in bitcoin adoption through their promotions.
And since El Salvador is the first country to adopt bitcoin as legal tender it's best the push it to the frontline so that the world can see how persistent there are toward their Bitcoin policy.
January 13, 2023, 04:57:40 PM
El Salvador keeps pushing the adoption and the usage of bitcoin. The country have been making use of each and every opportunity to spread something about bitcoin. Happy they used the Miss Universe stage to show bitcoin. The designer have done it in a good way. Now users who came across bitcoin usage will give a try, if not they'll atleast know the existence of bitcoin
January 13, 2023, 04:22:15 PM
It is not a Bitcoin adoption and Bitcoin did not pump because of this show. After months of accumulation and with a trend of bullish from stocks, gold in early 2023, Bitcoin joined the trend with its pump recent hours.
Adding a Bitcoin icon to her costume is not a Bitcoin adoption. It is a marketing noise, not adoption.
Adoption is when there is an agreement between buyer and seller to use Bitcoin as an exchange mean for their trade. The girl did not make any trade with her costume in the show.
She could do it by her idea but she could do it with a request from her President Nayib Bukele who strongly loves and supports Bitcoin. He put his nation to a bet with Bitcoin investment, Bitcoin bond (Volcano bond) and I am not surprised if the Venezuela Miss got a request from him.
Yep, I believe that she just only shows that El Salvador has its own pride I mean among all other nations they are the first country who adopted it, maybe yes she promotes it as well or maybe she just shows when you say bitcoin one of the things you will remember is El Salvador. The price of the bitcoin maybe affected because we slowly recovering our market now? or it is just another fake bullish. Adding a Bitcoin icon to her costume is not a Bitcoin adoption. It is a marketing noise, not adoption.
Adoption is when there is an agreement between buyer and seller to use Bitcoin as an exchange mean for their trade. The girl did not make any trade with her costume in the show.
She could do it by her idea but she could do it with a request from her President Nayib Bukele who strongly loves and supports Bitcoin. He put his nation to a bet with Bitcoin investment, Bitcoin bond (Volcano bond) and I am not surprised if the Venezuela Miss got a request from him.
January 13, 2023, 01:17:34 PM
Oh wow, I would've missed this news without this thread, thanks! I don't follow pageants of any levels, but Miss Universe allegedly has 500 million viewers (according to Wikipedia), which is huge if even a part of this audience saw El Salvador's candidate with a giant Bitcoin. I don't know if that's the reason behind the jump, but it could be. In any case, it's a huge promo of Bitcoin for a potentially very fresh audience. I mean, it's not some tech event where most have already heard of Bitcoin before, and I don't think there's a big cross-section between the crypto community and beauty pageant audience, which opens a possibility of wider adoption.
January 13, 2023, 01:10:36 PM
Actually its a message. She is carrying the now defunct fiat on her back, representing the past, and even older than that cacao/cocoa which was a unit of monetary value at points in history. She carries Bitcoin with her hand, perhaps signaling the country's adoption and spreading the message.
So its like someone sponsoring a sports team and stamping a Bitcoin logo in their shirts. It may not be "adoption" but it is promotion and public awareness. Maybe it was Bukele's idea? Who knows, but it is great in my opinion. There are people watching who have not even asked what this Bitcoin is let alone learn that a country adopted it as legal tender (which was said by the announcer).
hd49728 Venezuela has no relation, it has the worst fiat of the world, and also the first and failed cbdc (Which was/is a State scam token), their leaderships cannot be worse compared. One puts an end to criminals while the other protects them. And there was some major scandal about Miss Venezuela that dissolved the organization locally or changed hands sometime ago so who knows how that ended (the old fashioned sex for favors).
So its like someone sponsoring a sports team and stamping a Bitcoin logo in their shirts. It may not be "adoption" but it is promotion and public awareness. Maybe it was Bukele's idea? Who knows, but it is great in my opinion. There are people watching who have not even asked what this Bitcoin is let alone learn that a country adopted it as legal tender (which was said by the announcer).
hd49728 Venezuela has no relation, it has the worst fiat of the world, and also the first and failed cbdc (Which was/is a State scam token), their leaderships cannot be worse compared. One puts an end to criminals while the other protects them. And there was some major scandal about Miss Venezuela that dissolved the organization locally or changed hands sometime ago so who knows how that ended (the old fashioned sex for favors).
January 13, 2023, 10:34:44 AM
Excited outfit from Miss Universe Alejandra Guajardo by wearing Bitcoin, I don't think how smart his ideas when publishing about Bitcoin trough Miss Universe award. Many people will interested based on Miss Universe is popular edition around the world and million people watching outfit from El Savador Miss Universe.
I think with Miss Universe is the best place for advertising or promoting Bitcoin to many people around the world and have different culture, due El Savador adopted and legalizing with Bitcoin transaction, seems smart ideas with their Miss Universe Alejandra Guajardo wearing Bitcoin outfit.
I think with Miss Universe is the best place for advertising or promoting Bitcoin to many people around the world and have different culture, due El Savador adopted and legalizing with Bitcoin transaction, seems smart ideas with their Miss Universe Alejandra Guajardo wearing Bitcoin outfit.
January 13, 2023, 10:23:04 AM
I think price spiked because inflation numbers are going down
It's difficult to find what causes spikes in btc price because when we try to find we discover too many events and get confused
so don't waste your time to find what does price spikes ,
It's difficult to find what causes spikes in btc price because when we try to find we discover too many events and get confused
so don't waste your time to find what does price spikes ,
January 13, 2023, 10:21:32 AM
There is nothing to do with Miss Universe, with her and with her outfit. It was just a complete coincidence that the market has pumped during his ramp with that gown having bitcoin as logo.
But many for sure have appreciated the effort of what Miss El Salvador and her team has did with the outfit. For sure that Bukele has suggested that to the panel and for the team that handles her.
Well, with the surge, it was just all about the normal cycle and nothing other than that.
But many for sure have appreciated the effort of what Miss El Salvador and her team has did with the outfit. For sure that Bukele has suggested that to the panel and for the team that handles her.
Well, with the surge, it was just all about the normal cycle and nothing other than that.
January 13, 2023, 10:02:58 AM
Well, I think the Consumer Price Index news released yesterday triggered the market. It went 6.5% from 7.1% last November.
That's actually what caused the price rally, it started with the first numbers that pointed at inflation numbers going down and at the rumors the FED will stop hiking rates that aggressively and even stop it altogether by late autumn, the bumps coincide perfectly, always with the data release, every single time there was a swing in price depending on the news, be it bad or good.
The whole Miss Salvador won't move the markets one point, the recovery of 5 billion at least from FTX was far better news than everything e had lately.
January 13, 2023, 07:38:35 AM
Quote from: autumnleaf
Alejandra Guajardo, who represented El Salvador at Miss Universe 71, wore a costume with a Bitcoin theme. El Salvador is known as the first nation to legalize Bitcoin as a form of payment. Did Miss El Salvador cause the Bitcoin price to spike last night?
No, miss El Salvador cannot cause the price of Bitcoin to pump because, Bitcoin is a decentralized currency that is not control by Mr or miss in any country of the world, Despite, El Salvador is the first country that made Bitcoin legalized doesn't mean they have the power to control the price of Bitcoin or cryptocurrency in the country. I guess the price of Bitcoin and cryptocurrency just decided to pump in this period of Miss El Salvador celebration in the country. 
January 13, 2023, 03:01:06 AM
Depending on the audience and the numbers that were able to catch a glimpse of this program
its very much possible, and I like how the costume was well represented!
It is possible that both happened coincidentally and if it's the promotional side.. the effects will echo over for sometime.
Besides the world of bitcoin needs all kinds of marketing however small the stage its a win for us all,thank you El Salvador for doing it again.
its very much possible, and I like how the costume was well represented!
She didn't cause the pump but certainly, she promoted Bitcoin.
The inflation data reported recently made the pump of BTC says analysts so there must be truth to it. But she did a good timing for doing this while BTC is going up.
The inflation data reported recently made the pump of BTC says analysts so there must be truth to it. But she did a good timing for doing this while BTC is going up.
It is possible that both happened coincidentally and if it's the promotional side.. the effects will echo over for sometime.
Besides the world of bitcoin needs all kinds of marketing however small the stage its a win for us all,thank you El Salvador for doing it again.
January 13, 2023, 02:44:29 AM
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Certainly not. All it caused is for the crypto related media to take the image out for a spin and splash a bit of accompanying text, and for bitcoin haters to have an excuse to fill the social networks with criticisms towards the dress used in the National Costume catwalk (though representing history of the country, is not typical in the traditional sense though).In light of the criticisms, dress designer had to step forward to defend the idea, claiming it was based on history, with no political claims.
January 13, 2023, 02:41:55 AM
She didn't cause the pump but certainly, she promoted Bitcoin.
The inflation data reported recently made the pump of BTC says analysts so there must be truth to it. But she did a good timing for doing this while BTC is going up.
They really tell the world that they are the first to have adopted BTC as a legal tender and made BTC part of their culture as this is supposed to be a cultural dress-up.
The inflation data reported recently made the pump of BTC says analysts so there must be truth to it. But she did a good timing for doing this while BTC is going up.
They really tell the world that they are the first to have adopted BTC as a legal tender and made BTC part of their culture as this is supposed to be a cultural dress-up.
January 13, 2023, 02:38:30 AM
I guess that Bitcoin adoption is the only thing El Salvador is famous for. That's why Miss El Salvador is holding a Bitcoin sign.
However, this has nothing to do with the BTC price. It's like saying that Bitcoin price went up because today is Friday the 13th.
We can see some small price pumps on the Bitcoin charts, which means that Bitcoin is still alive and kicking and the crypto winter might have a few small bull waves here and there. Anyway, FUD news are coming from the big crypto company Nexo being accused for money laundering, terrorist funding and operating without a license in the USA. Maybe this FUD will cause another short term BTC price drop.
Will Nexo become the new FTX? We will have to wait and see.
However, this has nothing to do with the BTC price. It's like saying that Bitcoin price went up because today is Friday the 13th.
We can see some small price pumps on the Bitcoin charts, which means that Bitcoin is still alive and kicking and the crypto winter might have a few small bull waves here and there. Anyway, FUD news are coming from the big crypto company Nexo being accused for money laundering, terrorist funding and operating without a license in the USA. Maybe this FUD will cause another short term BTC price drop.
Will Nexo become the new FTX? We will have to wait and see.
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