El salvador has become new history of bitcoin!

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Quote from: Kong Hey Pakboy on June 25, 2021, 01:11:22 AM

Quote from: 19Nov16 on June 24, 2021, 10:33:39 AM

I didn't expect El Salvador to dare to take a policy that was against the world bank, of course this is good news and I hope other countries follow suit, so that it will keep me on hold for a longer time

I think that the reason why they are doing this kind of thing against the World Bank is because they have some sort of ace up their sleeve and they think that that ace could be enough to hold up against the world bank plus why does World Bank have to interfere? It's not like they are making it a currency. I think that everything big that happens that is remotely related to bitcoin is pretty much part of the history, I don't think that El Salvador is any different but it's a welcoming one.

El Salvador has made a wise decision despite much criticism that their country has legally acquired bitcoin and will recognize it as a legal transaction from fiat, will this be a problem with the world bank? sure and I haven't seen a clear reason that El Salvador did this with research and how bitcoin has become a new milestone in the history of a country that is El Salvador.

Btw, every citizen will get $30 as a first launch and this application will always be connected even without a connection it looks fun for its citizens and can enjoy the products developed.

Kong Hey Pakboy

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Quote from: 19Nov16 on June 24, 2021, 10:33:39 AM

I didn't expect El Salvador to dare to take a policy that was against the world bank, of course this is good news and I hope other countries follow suit, so that it will keep me on hold for a longer time

I think that the reason why they are doing this kind of thing against the World Bank is because they have some sort of ace up their sleeve and they think that that ace could be enough to hold up against the world bank plus why does World Bank have to interfere? It's not like they are making it a currency. I think that everything big that happens that is remotely related to bitcoin is pretty much part of the history, I don't think that El Salvador is any different but it's a welcoming one.

TravelMug

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Quote from: Roidz on June 24, 2021, 03:05:21 PM

Quote from: ?? on ??

Quote from: sapnu on June 23, 2021, 02:20:33 PM

Well it is rest assured that what they've done will be one in the books but at some point, we should not forget that it can go two ways, it can either be a historical success wherein lots of countries will follow its lead or it can be a historical failure which caused bitcoin to become more unideal as a currency. Let us hope it would be successful because if it does, it will be a chain reaction towards other countries till bitcoin becomes able to dominate the world. On the other hand, bitcoin as a currency might be fancy but fiats should not be replaced by it so that everyone can still have their financial freedom.

The outcome still unknown and same with what you just said, there are possibilities either good or bad this action
though brings Bitcoin toreach its potentials.

If this action of embracing Bitcoin will succeed and there are many countries that will implement the same rules
then expect to see more success to this system.

Only the country of el salvador has so far dared to adopt bitcoin as the official digital currency in the world, and what el savador is doing of course aims to use bitcoin as a means of payment such as the use of the US dollar in that country. if this has a positive impact, of course there will be other countries that will follow in the footsteps of el savador and of course it will make crypto more widespread so that it will be easy for other countries that were previously anti-crypto will be able to accept crypto as a world currency.

It is the biggest step that the current government is doing or has done. They adopted bitcoin and then make it legal, so all nations in the world are shock by this and at the same time is eyeing what will happen to El Salvador. If it turns out to be a successful, other nation might follow the same path, specially their neighbours.

I'm not sure with anti-bitcoin countries, but definitely those nations that are in the borderline or grey area might look at this options and welcome bitcoin as well. So we have give credit to El Salvador for making this bold move and dare other countries to follow.

ultrloa

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Quote from: Roidz on June 24, 2021, 03:05:21 PM

Quote from: ?? on ??

Quote from: sapnu on June 23, 2021, 02:20:33 PM

Well it is rest assured that what they've done will be one in the books but at some point, we should not forget that it can go two ways, it can either be a historical success wherein lots of countries will follow its lead or it can be a historical failure which caused bitcoin to become more unideal as a currency. Let us hope it would be successful because if it does, it will be a chain reaction towards other countries till bitcoin becomes able to dominate the world. On the other hand, bitcoin as a currency might be fancy but fiats should not be replaced by it so that everyone can still have their financial freedom.

The outcome still unknown and same with what you just said, there are possibilities either good or bad this action
though brings Bitcoin toreach its potentials.

If this action of embracing Bitcoin will succeed and there are many countries that will implement the same rules
then expect to see more success to this system.

Only the country of el salvador has so far dared to adopt bitcoin as the official digital currency in the world, and what el savador is doing of course aims to use bitcoin as a means of payment such as the use of the US dollar in that country. if this has a positive impact, of course there will be other countries that will follow in the footsteps of el savador and of course it will make crypto more widespread so that it will be easy for other countries that were previously anti-crypto will be able to accept crypto as a world currency.

Because they find ways to maximize their economy that's why they adopt the new changes in terms of financial system. I'm sure they will earn huge benefits in future for adopting bitcoins and I'm sure more other countries will follow them since this will create history.

Maybe for now other country find hard to adopt it due to its volatility but once they found how good it is even if we have bear season calling we will surely see more country use this as their currency.

Roidz

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Quote from: ?? on ??

Quote from: sapnu on June 23, 2021, 02:20:33 PM

Well it is rest assured that what they've done will be one in the books but at some point, we should not forget that it can go two ways, it can either be a historical success wherein lots of countries will follow its lead or it can be a historical failure which caused bitcoin to become more unideal as a currency. Let us hope it would be successful because if it does, it will be a chain reaction towards other countries till bitcoin becomes able to dominate the world. On the other hand, bitcoin as a currency might be fancy but fiats should not be replaced by it so that everyone can still have their financial freedom.

The outcome still unknown and same with what you just said, there are possibilities either good or bad this action
though brings Bitcoin toreach its potentials.

If this action of embracing Bitcoin will succeed and there are many countries that will implement the same rules
then expect to see more success to this system.

Only the country of el salvador has so far dared to adopt bitcoin as the official digital currency in the world, and what el savador is doing of course aims to use bitcoin as a means of payment such as the use of the US dollar in that country. if this has a positive impact, of course there will be other countries that will follow in the footsteps of el savador and of course it will make crypto more widespread so that it will be easy for other countries that were previously anti-crypto will be able to accept crypto as a world currency.

geegaw

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Quote from: 19Nov16 on June 24, 2021, 10:33:39 AM

Quote from: janggernaut on June 09, 2021, 02:16:55 AM

El salvador has achieved that because this morning the proposal got approved majority in Salvadoran Congress.

https://cointelegraph.com/news/el-salvador-president-bitcoin-law-will-be-approved-tonight/amp?__twitter_impression=true

Many countries will follow El salvador later to accept bitcoin legal tender on their country, what do you think? Will bitcoin back to $64k in few weeks later after this insane news?

First pizza traded for 10,000 bitcoin , now EL Salvador the first country for bitcoin legal tender.

I didn't expect El Salvador to dare to take a policy that was against the world bank, of course this is good news and I hope other countries follow suit, so that it will keep me on hold for a longer time

An extremely audacious plan and the success will bring a very impressive debut of a small country in terms of their technology philosophy but how will they come up with theories and evidence to prove the success and role of bitcoin? Some legal tenders have yet to affect the size of the world, if they continue to come up with crazy and uncreative actions, the result is just a waste of resources, facing banks all over the world, they need more meaningful reasons for this before the banks are forced to unlink with them

19Nov16

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Quote from: janggernaut on June 09, 2021, 02:16:55 AM

El salvador has achieved that because this morning the proposal got approved majority in Salvadoran Congress.

https://cointelegraph.com/news/el-salvador-president-bitcoin-law-will-be-approved-tonight/amp?__twitter_impression=true

Many countries will follow El salvador later to accept bitcoin legal tender on their country, what do you think? Will bitcoin back to $64k in few weeks later after this insane news?

First pizza traded for 10,000 bitcoin , now EL Salvador the first country for bitcoin legal tender.

I didn't expect El Salvador to dare to take a policy that was against the world bank, of course this is good news and I hope other countries follow suit, so that it will keep me on hold for a longer time

sapnu

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Quote from: janggernaut on June 09, 2021, 02:16:55 AM

El salvador has achieved that because this morning the proposal got approved majority in Salvadoran Congress.

https://cointelegraph.com/news/el-salvador-president-bitcoin-law-will-be-approved-tonight/amp?__twitter_impression=true

Many countries will follow El salvador later to accept bitcoin legal tender on their country, what do you think? Will bitcoin back to $64k in few weeks later after this insane news?

First pizza traded for 10,000 bitcoin , now EL Salvador the first country for bitcoin legal tender.

Well it is rest assured that what they've done will be one in the books but at some point, we should not forget that it can go two ways, it can either be a historical success wherein lots of countries will follow its lead or it can be a historical failure which caused bitcoin to become more unideal as a currency. Let us hope it would be successful because if it does, it will be a chain reaction towards other countries till bitcoin becomes able to dominate the world. On the other hand, bitcoin as a currency might be fancy but fiats should not be replaced by it so that everyone can still have their financial freedom.

justdimin

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Quote from: lepbagong on June 23, 2021, 09:25:18 AM

Quote from: bitcub on June 16, 2021, 06:02:51 AM

El salvador is not an organization who acquire bitcoin. It is a nation. Just enough to push Bitcoin to have its next ATH. Do not afraid to HODL yung bitcoins. It will rise up soon. If possible, sell your shit coins and make full BTC right.

but what has been done by a country like el savador is a progress that needs to be followed by other countries and has been proven that many countries have started to take part. accepting bitcoin as a legal means of exchange in accordance with their currency, of course it will certainly have a good impact on the country, because it is difficult to send anywhere quickly and cheaply with bitcoin.

hopefully this will lift bitcoin to be able to rise from the deepest correction so far, because bad news always comes and disturbs bitcoin and now there is good news starting to come out to be able to lift bitcoin. we will wait for that effect some time to come.

Is it a progress? It surely is. Sure we care about it for now? We should not. Look at the price, from 40k to 30k to 35k it moved like crazy during all of this, so el salvador news didn't help crypto at all, not saying the drop was its fault, of course this news couldn't make it go down, but it also didn't make it go up. Hence at the end of the day this is not something we should care about, it is fine and dandy but that is about it, we should just ignore it.

I obviously did, and many people evidently did as well, it is really nothing too shocking. Wake me up when a country who people can show on map actually makes it a legal tender, before that it is not going to be anything special. Any European country, any north American country, hell even some Asian nations would do. However these days we hear more about bans then good news so I am not sure if that will happen.

lepbagong

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Quote from: bitcub on June 16, 2021, 06:02:51 AM

El salvador is not an organization who acquire bitcoin. It is a nation. Just enough to push Bitcoin to have its next ATH. Do not afraid to HODL yung bitcoins. It will rise up soon. If possible, sell your shit coins and make full BTC right.

but what has been done by a country like el savador is a progress that needs to be followed by other countries and has been proven that many countries have started to take part. accepting bitcoin as a legal means of exchange in accordance with their currency, of course it will certainly have a good impact on the country, because it is difficult to send anywhere quickly and cheaply with bitcoin.

hopefully this will lift bitcoin to be able to rise from the deepest correction so far, because bad news always comes and disturbs bitcoin and now there is good news starting to come out to be able to lift bitcoin. we will wait for that effect some time to come.

bitcub

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El salvador is not an organization who acquire bitcoin. It is a nation. Just enough to push Bitcoin to have its next ATH. Do not afraid to HODL yung bitcoins. It will rise up soon. If possible, sell your shit coins and make full BTC right.

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Quote from: Evoxt on June 16, 2021, 04:36:08 AM

Always good to see changes. But how are they going to deal with the huge price fluctuations?

Not only the fluctuation that they must be cautious but the illegal use also , mind that EL Salvador is one of the worst country in terms of law enforcement so they might face tons of troubles in regards to law implementation .

Quote from: ubercool on June 14, 2021, 12:34:55 PM

I think this is one of the great steps taken by any country towards Bitcoin and our crypto community. My only concern is that we don't see any possible money laundering cases in the future as this happened in many countries where crypto supporters are slapped with money laundering cases.

and now there is Iran and some other country that desiring to study and may apply the same thing as what El Salvador does .

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Always good to see changes. But how are they going to deal with the huge price fluctuations?

New.in.trading

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In case other countries follow and accept BTCUSD as legal currency, then price will defenetaly go through the roof. The problem is: if a country does not have control over its currency, then that country cant influence its inflation/deflation. Its really goo to see that it happens, the outcome however is questionable. this way or another, this will be an example of how it works (not?) out, if btcusd is an official currency. basically a test for the rest of the world.

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Quote from: KryptoKings on June 16, 2021, 03:39:30 AM

Quote from: janggernaut on June 09, 2021, 02:16:55 AM

El salvador has achieved that because this morning the proposal got approved majority in Salvadoran Congress.

https://cointelegraph.com/news/el-salvador-president-bitcoin-law-will-be-approved-tonight/amp?__twitter_impression=true

Many countries will follow El salvador later to accept bitcoin legal tender on their country, what do you think? Will bitcoin back to $64k in few weeks later after this insane news?

First pizza traded for 10,000 bitcoin , now EL Salvador the first country for bitcoin legal tender.

This one is good news but I am surprised one fake tweet from Elon can bring much excitement in market than News like this.
Come in crypto community it's time we stopped paying attention to Musk.

I think you need not involve Elon with this news because this is another story and you know how that person ruining the crypto after the hype and tweets he made.
El Salvador had made the right choice and to legalize Bitcoin is the best opportunity for its holder to use and enjoy it. But what I was afraid of if this will only lead to increasing money laundering and illegal activities. Could be this possible as this place is known for such activities.

KryptoKings

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Quote from: janggernaut on June 09, 2021, 02:16:55 AM

El salvador has achieved that because this morning the proposal got approved majority in Salvadoran Congress.

https://cointelegraph.com/news/el-salvador-president-bitcoin-law-will-be-approved-tonight/amp?__twitter_impression=true

Many countries will follow El salvador later to accept bitcoin legal tender on their country, what do you think? Will bitcoin back to $64k in few weeks later after this insane news?

First pizza traded for 10,000 bitcoin , now EL Salvador the first country for bitcoin legal tender.

This one is good news but I am surprised one fake tweet from Elon can bring much excitement in market than News like this.
Come in crypto community it's time we stopped paying attention to Musk.

kotajikikox

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Quote from: Questat on June 15, 2021, 08:39:51 AM

Quote from: ubercool on June 14, 2021, 12:34:55 PM

I think this is one of the great steps taken by any country towards Bitcoin and our crypto community. My only concern is that we don't see any possible money laundering cases in the future as this happened in many countries where crypto supporters are slapped with money laundering cases.

Money laundering will still exist, we can stop people from doing this as they will find another way.
What happens to El Salvador could have a huge impact especially for those who never know about crypto and those also who have doubts about it. This gonna be eye-opening with them as well and this helps to change their mind. But, I don't this making a rallying impact on the prices, it might pumps but not the same as in Bullrun.

The real thing here is that EL Salvador is suffering from tons of illegal activities , are their country ready to keep hold of those? or they will just only go with the flow and let bitcoin do the rest?
i felt like Btcoin will only be abused in this matter , that's one thing for sure.

Quote from: erep on June 13, 2021, 09:52:46 AM

After the news that El Salvador has claimed the first country in the world to legalize bitcoin, I am very sure crypto will grow in the future as many other big countries will follow soon, just wait there will be big surprises in the future.

But couple of days ago what happens now? its been days after the approval but yet the effect in market comes from the Tesla issue and not from this good news.

Questat

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Quote from: ubercool on June 14, 2021, 12:34:55 PM

I think this is one of the great steps taken by any country towards Bitcoin and our crypto community. My only concern is that we don't see any possible money laundering cases in the future as this happened in many countries where crypto supporters are slapped with money laundering cases.

Money laundering will still exist, we can stop people from doing this as they will find another way.
What happens to El Salvador could have a huge impact especially for those who never know about crypto and those also who have doubts about it. This gonna be eye-opening with them as well and this helps to change their mind. But, I don't this making a rallying impact on the prices, it might pumps but not the same as in Bullrun.

barbara44

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We should not make a big deal out of this, I mean there are tons of big name places that accepts bitcoin as few things, like places that take it as bills, places with tons of places accepting bitcoin via a gift card company (Japan had like nearly a million business accepting a gift card that you can deposit bitcoin into) and many other places that accept bitcoin tax payments, I can go on but basically it wasn't a legal tender but it was available for many other things and I am hopeful about this one to make a good change in the future but it is not THAT big of a deal, it is a good thing but people are overreacting right now and they are just overhyping it more than what it should have been.

This is why I do not think that we could see a huge increase at anytime soon, it will not impact the price but it will definitely have a good impact on the future itself.

ubercool

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I think this is one of the great steps taken by any country towards Bitcoin and our crypto community. My only concern is that we don't see any possible money laundering cases in the future as this happened in many countries where crypto supporters are slapped with money laundering cases.

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