Bitcoin price crashed down for a few months due to a number of factors. One of the biggest and prime factors was the sudden cut off of demand and supply of bitcoin due to the sudden hike in inflation, the highest in 40 years, due to the russia-ukraine war. However, now, as we look into the daly price charts, bitcoin has been steadily recovering. The price of bitcoin is around $21.7k, and crypto experts are hoping that BTC will soon be back in its normal range.
I think it is a good move that El-Salvador did not sell its BTC holding, it will prove to be profitable in the long run.
Topic: El-salvador bitcoin investment is underwater (Read 949 times)
Considering the current price, which is three times less than the moment of purchase, I think that the authorities are extremely pleased 
Well, we are waiting for the result and further developments.
the current price of Bitcoin is making people not to understand their way about cryptocurrency. People is now afraid of investing for Bitcoin because of the long time of bearish market but the way we are seeing the slow movement it seems that it is gaining small ground of Bitcoin Well, we are waiting for the result and further developments.
The bitcoins El-Salvador are accumulating don't stop, the price goes down they still buy, so it can't be said that they are underwater.
They bought and tried to hold and never intended to sell any bitcoin, We all know that bitcoin price drops are inevitable, which should come as no surprise to those who have entered the market perennial and President El-Salvador knows it as well as we do.
El-Salvador will succeed because bitcoin can't drop forever as long as they keep their spirit of not selling bitcoin, ignoring the criticism out there.
They bought and tried to hold and never intended to sell any bitcoin, We all know that bitcoin price drops are inevitable, which should come as no surprise to those who have entered the market perennial and President El-Salvador knows it as well as we do.
El-Salvador will succeed because bitcoin can't drop forever as long as they keep their spirit of not selling bitcoin, ignoring the criticism out there.
If every bitcoiner did that, things would been different. But most people are only into Bitcoin thinking about its price in Fiat terms, so they will sell in order to prevent further losses in the short term. I think El Salvador is on a path towards becoming a wealthy nation. But it will only happen if BTC to reaches a new All-time-high in price.
We need as much countries into the Bitcoin train in order to accelerate "hyperbitcoinization" as much as possible. The more Fiat loses traction because of inflation, the better it'll be for Bitcoin in the long run. Who knows if El Salvador ends up ditching USD completely in favor of Bitcoin? Just my thoughts
The government of El Salvador made the right decision based on a thorough economic study. It is certain that the decision to adopt was not the result of emotional feelings for the El Salvador president and his government. They must have studied all the possibilities expected to happen, the first of which is the decline in the price of Bitcoin, the adoption of Bitcoin occurs realistically in the long run and not Based on temporary variables, El Salvador is the first country in the world to adopt Bitcoin, so it is obvious that it will encounter many problems during this experiment, and it is certain that these problems will be resolved gradually. It is a bold decision bearing high courage from the El Salvadorian president and government.
There is absolutely new ideology ringing in my mind, I don't know if another person is thinking same thing.
Firstly, we acknowledge that El Salvador made bitcoin their legal tender, which means bitcoin is their money for saving and also for daily transactions. So, if the country is saving I'm bitcoin which is there legal tender, we should stop seeing it as a mistake or a big deal.
The country or the president per say believes in bitcoin and has made bitcoin their money, so it shouldn't amaze us that they are buying more bitcoin.
El Salvador made bitcoin the legal tender, but there is no big acceptance and usage as the president expected. Periodically surveys have been taken place. According to those survey, El Salvador people are very less into cryptocurrency usage, majority have spend the amount provided through the Chivo Wallet and stopped using bitcoin. Maybe this too can be the reason why El Salvador President is interested in buying more bitcoin as the citizens weren't holding their funds in terms of bitcoin.Firstly, we acknowledge that El Salvador made bitcoin their legal tender, which means bitcoin is their money for saving and also for daily transactions. So, if the country is saving I'm bitcoin which is there legal tender, we should stop seeing it as a mistake or a big deal.
The country or the president per say believes in bitcoin and has made bitcoin their money, so it shouldn't amaze us that they are buying more bitcoin.
Ýes, I read that many of them spent the $30 and never used the Chivo wallet or bitcoin again. It is expected though because not everyone of them would be interested in bitcoin.
Bur then, for El Salvador to succeed in bitcoin, they should learn to use it as transaction and maybe use the LN as well.
If Bukele actually bought more bitcoin because his people were not holding, it means he will keep buying. Was there an express information or order that everyone should hold their $30 in chivo wallet?
There is absolutely new ideology ringing in my mind, I don't know if another person is thinking same thing.
Firstly, we acknowledge that El Salvador made bitcoin their legal tender, which means bitcoin is their money for saving and also for daily transactions. So, if the country is saving I'm bitcoin which is there legal tender, we should stop seeing it as a mistake or a big deal.
The country or the president per say believes in bitcoin and has made bitcoin their money, so it shouldn't amaze us that they are buying more bitcoin.
El Salvador made bitcoin the legal tender, but there is no big acceptance and usage as the president expected. Periodically surveys have been taken place. According to those survey, El Salvador people are very less into cryptocurrency usage, majority have spend the amount provided through the Chivo Wallet and stopped using bitcoin. Maybe this too can be the reason why El Salvador President is interested in buying more bitcoin as the citizens weren't holding their funds in terms of bitcoin. Firstly, we acknowledge that El Salvador made bitcoin their legal tender, which means bitcoin is their money for saving and also for daily transactions. So, if the country is saving I'm bitcoin which is there legal tender, we should stop seeing it as a mistake or a big deal.
The country or the president per say believes in bitcoin and has made bitcoin their money, so it shouldn't amaze us that they are buying more bitcoin.
Its quite true, they are really not focusing on it like an investment for today, they are considering it as an investment for their children and people can't see that. Government doesn't have a lifetime, unless someone topples it and builds a new nation there, we are going to see El Salvador exceed the life period of ALL its citizens alive today, even the ones that was born today. This means that they could make investments for far further down the road than any of us ever could. This is how they could get rich, and they are aware of it, they are taking a piece of the pie that will stay with them forever, and could make them richer and richer over course of many decades.
There is absolutely new ideology ringing in my mind, I don't know if another person is thinking same thing.
Firstly, we acknowledge that El Salvador made bitcoin their legal tender, which means bitcoin is their money for saving and also for daily transactions. So, if the country is saving I'm bitcoin which is there legal tender, we should stop seeing it as a mistake or a big deal.
The country or the president per say believes in bitcoin and has made bitcoin their money, so it shouldn't amaze us that they are buying more bitcoin.
Firstly, we acknowledge that El Salvador made bitcoin their legal tender, which means bitcoin is their money for saving and also for daily transactions. So, if the country is saving I'm bitcoin which is there legal tender, we should stop seeing it as a mistake or a big deal.
The country or the president per say believes in bitcoin and has made bitcoin their money, so it shouldn't amaze us that they are buying more bitcoin.
El-Savador has made its own choice which is pretty ok by them, the best idea is to set an investment first and wait for it future yieldings, there investment is on bitcoin and not on shitcoins, then i think they deserve i bow for this courage, no matter how down it may appears, it will still finds it way up the bullish trend soon.
Plus the total bitcoin investment of el salvador is just a mere x.xx% compare to its national net worth. If their authority is not worried of this dip (base on their recent updates) then that's it. People are really minding other people's business where in fact they dont share the same ideology at the first place.I like the word minding one's business, this is what most of our government needed to understand that not everything they have to be in control of, same way they cannot handle or control the bad of the economy makes them more incapacitated to control relevant actions taken by anyone to save it's economy, what works for them may not necessarily work for others in likes manners, bitcoin adoption in El-Savador is what others feels they would have started first but taking a decision is a choice that needs no centralization.
Bitcoin is a long term investment. When an entire government invests into something you can be sure that they have entire teams of the best advisors money can buy making the strategy and doing the research.
So no, El Salvadors investment in Bitcoin is not "underwater". Its a long term investment and anyone who understands Bitcoin knows whether 50k, 60k or 20k, these are good times to buy.
So no, El Salvadors investment in Bitcoin is not "underwater". Its a long term investment and anyone who understands Bitcoin knows whether 50k, 60k or 20k, these are good times to buy.
El-Savador has made its own choice which is pretty ok by them, the best idea is to set an investment first and wait for it future yieldings, there investment is on bitcoin and not on shitcoins, then i think they deserve i bow for this courage, no matter how down it may appears, it will still finds it way up the bullish trend soon.
Plus the total bitcoin investment of el salvador is just a mere x.xx% compare to its national net worth. If their authority is not worried of this dip (base on their recent updates) then that's it. People are really minding other people's business where in fact they dont share the same ideology at the first place. 
~snip~
but sometimes the leader's voice is the loudest and most influential. Even though it might probably be a council vote, a suggestion from a higher position is the same as giving a command. So I believe the El Salvador action towards bitcoin is greatly influenced by Bukele.
Bukele is indeed very important in the decision about buying bitcoin. But as long as their finances can still be controlled, of course it will not be a problem. Remember that El Salvador also has Bitcoin mining which uses energy from volcanic mountains and this also adds to the profits for El Salvador. No other country is bolder than El Salvador on how to adopt bitcoin and invest in it. An amazing country and certainly seeing a future with bitcoin. but sometimes the leader's voice is the loudest and most influential. Even though it might probably be a council vote, a suggestion from a higher position is the same as giving a command. So I believe the El Salvador action towards bitcoin is greatly influenced by Bukele.
We don't know where exactly Bitcoin will stop dump or bottom. So Accumulating more Bitcoin would help El Salvador in the future. If they aimed to hold, then Definitely they will be the gainer.
El-Savador has made its own choice which is pretty ok by them, the best idea is to set an investment first and wait for it future yieldings, there investment is on bitcoin and not on shitcoins, then i think they deserve i bow for this courage, no matter how down it may appears, it will still finds it way up the bullish trend soon.
Considering the current price, which is three times less than the moment of purchase, I think that the authorities are extremely pleased Well, we are waiting for the result and further developments.
Well, we are waiting for the result and further developments.There are no authorities elsewhere this is bitcoin and its decentralized, don't join the lane of those whose believe was that bitcoin is being manipulated by some high authorities, that is just a simple explanation that they don't understand what decentralization means.
El Salvador just needs to DCA, they have government funds, and they can always allocate an amount for Bitcoin purchases during this bear market to lower the average cost of their Bitcoins.
but sometimes the leader's voice is the loudest and most influential. Even though it might probably be a council vote, a suggestion from a higher position is the same as giving a command. So I believe the El Salvador action towards bitcoin is greatly influenced by Bukele.
Already bitcoin is into criticism. Even in real life without criticism none could've reached a better position. We know it is part of life, and same is with bitcoin. Investment in bitcoin is always risky, very few have the courage. One such person to take strong decision is El Salvador President Nayib Bukele. He's positive about the market, and why should we speculate it can drop hard. Let us too stay positive. If El Salvador economy takes a downfall, the next to adopt bitcoin will do it with even better plans.
The nyib bukele decision is a decision that has been approved by many councils, not just a Bukele initiative. Remember that EL Salvador is a government country, they have a lot of considerations to decide everything including bitcoin investment. I think the elsalvador economy is still far from falling, because el salvador still has a lot of income.but sometimes the leader's voice is the loudest and most influential. Even though it might probably be a council vote, a suggestion from a higher position is the same as giving a command. So I believe the El Salvador action towards bitcoin is greatly influenced by Bukele.
Already bitcoin is into criticism. Even in real life without criticism none could've reached a better position. We know it is part of life, and same is with bitcoin. Investment in bitcoin is always risky, very few have the courage. One such person to take strong decision is El Salvador President Nayib Bukele. He's positive about the market, and why should we speculate it can drop hard. Let us too stay positive. If El Salvador economy takes a downfall, the next to adopt bitcoin will do it with even better plans.
The nyib bukele decision is a decision that has been approved by many councils, not just a Bukele initiative. Remember that EL Salvador is a government country, they have a lot of considerations to decide everything including bitcoin investment. I think the elsalvador economy is still far from falling, because el salvador still has a lot of income. 
The bitcoins El-Salvador are accumulating don't stop, the price goes down they still buy, so it can't be said that they are underwater.
They bought and tried to hold and never intended to sell any bitcoin, We all know that bitcoin price drops are inevitable, which should come as no surprise to those who have entered the market perennial and President El-Salvador knows it as well as we do.
El-Salvador will succeed because bitcoin can't drop forever as long as they keep their spirit of not selling bitcoin, ignoring the criticism out there.
They bought and tried to hold and never intended to sell any bitcoin, We all know that bitcoin price drops are inevitable, which should come as no surprise to those who have entered the market perennial and President El-Salvador knows it as well as we do.
El-Salvador will succeed because bitcoin can't drop forever as long as they keep their spirit of not selling bitcoin, ignoring the criticism out there.
Bitcoin Purchase Timeline of El Salvador
El Salvador has come a long way on the journey to bring Bitcoin into people's daily purchase.
The country took numerous actions to realize the Bitcoin dream
Why expect too much at the early stage? EL Salvador's adoption of Bitcoin happened recently and there are so many things to face for , and I also believe that sooner or at least in the couple of years? their action will worth how much they push this and also as they are continuously purchasing bitcoin then this is a proof that they are truly into crypto, but the problem will occur once the new government comes, because we don't know what will be the stand of the next president of this country. El Salvador has come a long way on the journey to bring Bitcoin into people's daily purchase.
The country took numerous actions to realize the Bitcoin dream
El Salvador Purchases 80 Additional Bitcoin at $19K, President Bukele Says
Source: https://www.coindesk.com/business/2022/07/01/el-salvador-purchases-80-additional-bitcoin-at-19k-president-bukele-says/
El Salvador Buys More Bitcoin Despite 57% Loss and Debt Woes
https://www.bloomberg.com/news/articles/2022-07-01/el-salvador-buys-more-bitcoin-despite-57-loss-and-a-debt-crisis
Yes, its underwater but doesnt mean that they would be cutting loss but instead they do accumulate.
There's nothing we can do on here.
Its president is too bullish towards bitcoin.
Source: https://www.coindesk.com/business/2022/07/01/el-salvador-purchases-80-additional-bitcoin-at-19k-president-bukele-says/
El Salvador Buys More Bitcoin Despite 57% Loss and Debt Woes
https://www.bloomberg.com/news/articles/2022-07-01/el-salvador-buys-more-bitcoin-despite-57-loss-and-a-debt-crisis
Yes, its underwater but doesnt mean that they would be cutting loss but instead they do accumulate.
There's nothing we can do on here.
Its president is too bullish towards bitcoin.The President hasn't sold a single Bitcoin yet, so I'd say El Salvador's investment is still intact. As I've said before, you can only lose money if you sell your Bitcoin. It will never go to zero because many people still trust it as an alternative to the current monetary system. Long-term speaking, Bitcoin should go up in Fiat terms as the latter collapses due to ever-increasing inflation rates.
I'm certain El Salvador will become a developed country in the future due to the adoption of Bitcoin as legal tender. That is assuming President Bukele stays in power. If he loses re-election, then its probable the new President will ditch Bitcoin altogether. What matters is that Bitcoin stays true to its roots so that it could bring banking to the unbanked. Who knows if someday Bitcoin becomes the standard unit of account used by many countries worldwide? Just my thoughts
El Salvador Purchases 80 Additional Bitcoin at $19K, President Bukele Says
Source: https://www.coindesk.com/business/2022/07/01/el-salvador-purchases-80-additional-bitcoin-at-19k-president-bukele-says/
El Salvador Buys More Bitcoin Despite 57% Loss and Debt Woes
https://www.bloomberg.com/news/articles/2022-07-01/el-salvador-buys-more-bitcoin-despite-57-loss-and-a-debt-crisis
Yes, its underwater but doesnt mean that they would be cutting loss but instead they do accumulate.
There's nothing we can do on here. Its president is too bullish towards bitcoin.
Source: https://www.coindesk.com/business/2022/07/01/el-salvador-purchases-80-additional-bitcoin-at-19k-president-bukele-says/
El Salvador Buys More Bitcoin Despite 57% Loss and Debt Woes
https://www.bloomberg.com/news/articles/2022-07-01/el-salvador-buys-more-bitcoin-despite-57-loss-and-a-debt-crisis
Yes, its underwater but doesnt mean that they would be cutting loss but instead they do accumulate.
There's nothing we can do on here.
Its president is too bullish towards bitcoin. 
He can do the following:
1 - buy more bitcoin at this price of 19000$ (just take twice the money he bought at $45000 and buy at $19000)
2 - if the price drops below $19000 while he already bought at 19000$, he just buys it again
3 - when bitcoin goes back to $45000 he will have made a big profit that he won't even remember that he bought at $45000 and had to wait an eternity for the price to get back to $45000
1 - buy more bitcoin at this price of 19000$ (just take twice the money he bought at $45000 and buy at $19000)
2 - if the price drops below $19000 while he already bought at 19000$, he just buys it again
3 - when bitcoin goes back to $45000 he will have made a big profit that he won't even remember that he bought at $45000 and had to wait an eternity for the price to get back to $45000
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