El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 - page 17.

cryptoWODL

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Bitcoin holdings could make Salvador one of the richest countries in the world.

El Salvador is one of the least densely populated countries in Central America. El Salvador may eventually become one of the richest countries in the world due to their Bitcoin holdings. El Salvador became the first country to accept Bitcoin as legal tender in September 2021. Then their country's president Nayib Bukele announced on November 16, 2022 that the government of El Salvador would buy 1 bitcoin per day. Maybe they did that too.

El Salvador's President Nayib Bukele also stated that they have no plans or desire to sell El Salvador's vast bitcoin holdings. Since the Bitcoin halving is so close they think that the price of Bitcoin will continue to rise and El Salvador will gain more from Bitcoin.

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https://cryptonews.com/news/el-salvador-may-become-one-of-the-worlds-richest-countries-due-to-bitcoin-holdings.htm

skarais

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Quote from: martinex on March 07, 2024, 09:02:11 AM

Quote from: Doan9269 on March 07, 2024, 07:44:50 AM

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Yes, after being real and aware, at least with the current conditions, many countries will sit down and discuss this potential asset. Yes. It is natural that all countries need concrete examples of whether the concept is working or not worth implementing because of the strong issue about its volatility and BTC through the initiation of President El-Salvador has changed the paradigm that was previously skeptical and said this and that will now discuss adoption for Bitcoin.

Yes, now it is very possible for this to become a new idea in a country's financial meeting. Not many governments are willing to move like El Salvador in maximizing the potential of bitcoin, but some government officials know exactly that bitcoin has great potential as a profitable investment asset. Even though I can't guarantee that, I am sure that some government officials in countries where bitcoin has not been legalized as a means of payment are likely have invested in bitcoin instead of completely ignoring it.

Basically it's been a little easier for El Salvador to adopt bitcoin as a currency than many other countries that have their own currencies, but that's no reason why other countries wouldn't want to do it. I think there are many reasons they consider before deciding on an issue, so it might take a lot of time for them to prepare themselves if they really want to adopt bitcoin. Meanwhile, legalizing investment and trade is an advantage for these countries, meaning they can get income from the taxes that traders and investors must pay.

martinex

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Quote from: Doan9269 on March 07, 2024, 07:44:50 AM

That's true because then, people are very little in getting awareness about bitcoin and the value is very small compared to the present rate we are having today, everything all started with those that trusted in the delivery capacity of Satoshi and their needs for a new alternative means of making payment, all these works together by the virtue of the privacy and freedom bitcoin has to offer the people in their finances, and the more the people realized this the more you could experience more increase in adoption for bitcoin.

Yes, after being real and aware, at least with the current conditions, many countries will sit down and discuss this potential asset. Yes. It is natural that all countries need concrete examples of whether the concept is working or not worth implementing because of the strong issue about its volatility and BTC through the initiation of President El-Salvador has changed the paradigm that was previously skeptical and said this and that will now discuss adoption for Bitcoin.

Doan9269

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Quote from: n0ne on March 06, 2024, 05:48:15 PM

Amidst the opposition from the citizens, Nayib Bukele took a strong stand on bitcoin as legal tender.

Most of these oppositions coming then were instigated by the haters who never wish that Nayib Bukele would got reelected the second term, all they thought was to cause disunity among the people in going against the development in the country so that there will be diversity and the people will not be united toward a course, we know all these and their agendas failed and the truth prevail over bitcoin adoption in El-Salvador.

Quote from: n0ne on March 06, 2024, 05:48:15 PM

In the beginning days, very few prioritized bitcoin, whereas the majority sold it for mere profits.

That's true because then, people are very little in getting awareness about bitcoin and the value is very small compared to the present rate we are having today, everything all started with those that trusted in the delivery capacity of Satoshi and their needs for a new alternative means of making payment, all these works together by the virtue of the privacy and freedom bitcoin has to offer the people in their finances, and the more the people realized this the more you could experience more increase in adoption for bitcoin.

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Quote from: Frankolala on March 06, 2024, 02:46:21 PM

Quote from: AakZaki on March 05, 2024, 01:15:21 PM

Quote from: Fiatless on March 01, 2024, 07:36:35 AM

The president of El Salvador has already made an official statement concerning the country's investment in Bitcoin. You can check it out in his X account and the post have gotten about 3.9milloin views. He indicated that the investment has yielded about 40% profit and the nation has no plan to sell. He also stated that the country's main source of acquiring more Bitcoin is through its citizenship program. He also lashed critics who were writing all sorts of rubbish about El Salvador but are now silent when the country is making huge profits.

Countries that want to take the same step as El Salvador have to study the steps of the Latin American country and also ensure that they invest in infrastructure and Bitcoin education.

Haters and those who are pessimistic about El Salvador have now gone silent after Bitcoin rose above $60,000. This is even more extraordinary with the Bitcoins owned by El Salvador which they are buying gradually even though the price has fallen very much. But Bukele believes that this will produce extraordinary profits in the future. 40% is still a small profit, we will even see profits of up to thousands of percent when bitcoin's ATH is reached. it's still the beginning and EL Salvador keeps buying bitcoin.

You should know that bitcoin has many haters, and whoever embrace bitcoin with his body and soul as an investment for the future will criticize your action, because they see that you believe and have trust in bitcoin as a game changer. If you don't have the strong believe that if not bitcoin, then nothing can give you such profit assurance in the long run, you will listen to all the side talks and media critics, and miss achieving your goal.

This was the same way that people criticized bitcoin, and those early investors who saw the vision of what the value of bitcoin is likely to be, had the believe and they invested without listening to whatever people are saying. Currently, those early investors are in huge profit, and they are mocking those that taught that they are mad or foolish to invest in bitcoin, just the way Nayib Bukele is mocking those publishing bunch of nonsense on the media about his action when bitcoin was in the bear market. Bitcoin has put all of them to shame.

Amidst the opposition from the citizens, Nayib Bukele took a strong stand on bitcoin as legal tender. In the beginning days, very few prioritized bitcoin, whereas the majority sold it for mere profits. None had the courage to consider bitcoin, and Nayib Bukele had done it in the right way, and now is the time for him to reap the profits, if required. The purchase was on average $44k, and now the price has grown above $66k, which is going to bring a good profit. The best part is that he's trying to improve the lives of people through bitcoin and technology adoption. I hope he succeeds in it at the earliest.

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Quote from: AakZaki on March 05, 2024, 01:15:21 PM

Quote from: Fiatless on March 01, 2024, 07:36:35 AM

The president of El Salvador has already made an official statement concerning the country's investment in Bitcoin. You can check it out in his X account and the post have gotten about 3.9milloin views. He indicated that the investment has yielded about 40% profit and the nation has no plan to sell. He also stated that the country's main source of acquiring more Bitcoin is through its citizenship program. He also lashed critics who were writing all sorts of rubbish about El Salvador but are now silent when the country is making huge profits.

Countries that want to take the same step as El Salvador have to study the steps of the Latin American country and also ensure that they invest in infrastructure and Bitcoin education.

Haters and those who are pessimistic about El Salvador have now gone silent after Bitcoin rose above $60,000. This is even more extraordinary with the Bitcoins owned by El Salvador which they are buying gradually even though the price has fallen very much. But Bukele believes that this will produce extraordinary profits in the future. 40% is still a small profit, we will even see profits of up to thousands of percent when bitcoin's ATH is reached. it's still the beginning and EL Salvador keeps buying bitcoin.

You should know that bitcoin has many haters, and whoever embrace bitcoin with his body and soul as an investment for the future will criticize your action, because they see that you believe and have trust in bitcoin as a game changer. If you don't have the strong believe that if not bitcoin, then nothing can give you such profit assurance in the long run, you will listen to all the side talks and media critics, and miss achieving your goal.

This was the same way that people criticized bitcoin, and those early investors who saw the vision of what the value of bitcoin is likely to be, had the believe and they invested without listening to whatever people are saying. Currently, those early investors are in huge profit, and they are mocking those that taught that they are mad or foolish to invest in bitcoin, just the way Nayib Bukele is mocking those publishing bunch of nonsense on the media about his action when bitcoin was in the bear market. Bitcoin has put all of them to shame.

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Quote from: Fiatless on March 01, 2024, 07:36:35 AM

The president of El Salvador has already made an official statement concerning the country's investment in Bitcoin. You can check it out in his X account and the post have gotten about 3.9milloin views. He indicated that the investment has yielded about 40% profit and the nation has no plan to sell. He also stated that the country's main source of acquiring more Bitcoin is through its citizenship program. He also lashed critics who were writing all sorts of rubbish about El Salvador but are now silent when the country is making huge profits.

Countries that want to take the same step as El Salvador have to study the steps of the Latin American country and also ensure that they invest in infrastructure and Bitcoin education.

Haters and those who are pessimistic about El Salvador have now gone silent after Bitcoin rose above $60,000. This is even more extraordinary with the Bitcoins owned by El Salvador which they are buying gradually even though the price has fallen very much. But Bukele believes that this will produce extraordinary profits in the future. 40% is still a small profit, we will even see profits of up to thousands of percent when bitcoin's ATH is reached. it's still the beginning and EL Salvador keeps buying bitcoin.

Popkon6

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El Salvador originally legalized Bitcoin by legal tender in 2021, since then Bitcoin has been accepted as the currency in the country of El Salvador. But during market research boom in 2021 they started buying bitcoins and various journalists started bashing Nayib Bukele in various media. Today is the time for the President of El Salvador, Nayib Bukele, to give a proper response because Bitcoin is often on the road to recovery, and those who bought Bitcoin at low prices from 2021 to 2024 have averaged over 50%+ profit. Especially this account will be according to the DCA method, because he regularly bought only bitcoins since 2021 and accumulated for his long time, so it can be observed all his bitcoin benefits as DCA method. So he wants to hold more bitcoins for a long time and I think this bitcoin will get the most benefit (1Bitcoin = 1Bitcoin).

armanda90

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Quote from: cryptoWODL on March 04, 2024, 08:43:28 PM

El Salvador's president says El Salvador's bitcoin holdings have increased by 50%.

El Salvador has no plans to sell its bitcoin holdings despite seeing more than a 50 percent profit in his country El Salvador's president Nayib Bukele said. El Salvador is the first country in the world to adopt Bitcoin as its official currency in 2021. Currently Bitcoin price has increased a lot today Bitcoin price crossed 68 thousand dollars maybe it is going to set a new ATH (all time high) record soon.

In 2022 Bitcoin price drop El Salvador faced heavy losses on their invested Bitcoins but now they are profiting a lot from it. This strong recovery in El Salvador means that the Bitcoin price is only a few dollars away from reaching an all-time high.

https://www.independent.co.uk/tech/bitcoin-el-salvador-holdings-value-b2506424.html

Diamond hand for El Savador president Nayib Bukele keep hold their bitcoin investment although increasing the profitable more than 50% and seems want to earn more profitable when halving time close. I think is good ideas looking for how long keep accumulate bitcoin since last all time high price and bitcoin crash but keep loyal reinvesting in bitcoin.

Its the result of patience when investing in bitcoin, some time lack patience and panic for selling during bitcoin have dropping drastically loss bigger opportunity to earn much profitable. El Savador President Nayib Bukele showed us his achievement the successful with holding bitcoin and keep calm when price dropping without must to cut loss or selling with lower price. Right now earn much profitable and keep hold it as long possibility looking for bitcoin will raise the new all time high price.

cryptoWODL

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El Salvador's president says El Salvador's bitcoin holdings have increased by 50%.

El Salvador has no plans to sell its bitcoin holdings despite seeing more than a 50 percent profit in his country El Salvador's president Nayib Bukele said. El Salvador is the first country in the world to adopt Bitcoin as its official currency in 2021. Currently Bitcoin price has increased a lot today Bitcoin price crossed 68 thousand dollars maybe it is going to set a new ATH (all time high) record soon.

In 2022 Bitcoin price drop El Salvador faced heavy losses on their invested Bitcoins but now they are profiting a lot from it. This strong recovery in El Salvador means that the Bitcoin price is only a few dollars away from reaching an all-time high.

https://www.independent.co.uk/tech/bitcoin-el-salvador-holdings-value-b2506424.html

El Salvador's president says he is "still waiting" for mainstream journalists to acknowledge the country's gains in bitcoin as BTC surpasses $67,000.

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Quote from: Justbillywitt on March 02, 2024, 11:01:13 AM

Quote from: Fiatless on March 01, 2024, 01:36:00 PM

Quote from: aylabadia05 on March 01, 2024, 01:12:17 PM

Reading the principles of Nayib Bukele always gives me positive energy. From his quote which says 1 BTC = 1 BTC, we who always support Bitcoin want every country to have a leader like him with advanced thinking who can make the economy develop amidst the loss of value of fiat currency.

A president that was not sacred of the negative prediction and that of international lending organizations like World Bank and IMF deserves to be respected. He predicted that investing in Bitcoin would be good for his nation and regardless of the attacks and criticism, he fearlessly pursued the Bitcoin project.

Quote from: aylabadia05 on March 01, 2024, 01:12:17 PM

Half of the total ownership will probably be released or sold when the price reaches $100k or more in my opinion and he will think of a new strategy again even though my thinking is not necessarily justified.

According to his Twitter post, the country has no plan to sell. My view is that he might not be selling in this bull run because they have a long-term vision for Bitcoin. They country is still acquiring more through its citizenship programs. The president is a die-hard supporter of Bitcoin and I am happy he won the last presidential election, at least he would still be in power till the next bull run.

His ability to legalize bitcoin in the country already made him to be loved by the citizens of the country. That move alone was enough to give him another tenure in the office. Hopefully he is going to use his term in office to acquire more bitcoin for his country. This is visionary leader who understands the yawning of the people. Am sure when he is ready to leave office, he will hand over to someone who will continue to be bitcoin friendly.

He's great by looking at the future of his country and the potential of cryptocurrency to dominate the financial market and looks like his decision to make bitcoin as legal tender bring him a lot of positive results that's why they are earning a lot especially that bitcoin now reach at $65k and there's potential to grow more. If in case that bitcoin price would reach at 6 digits for this year for sure that other country leaders or institution criticize or questioned him regarding on the adoption.

I don't know if they are fine him leaving since he show great leadership for adopting something that can totally give a huge boost on the economy and I think this is just the start so if they can retain him on the set for sure they can see more growth since their leader would provably guide them to more better position especially on how their citizen can fully understand on what they are adopting so they can get more big benefits from bitcoin for not only using it as currency but also for their investments..

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Quote from: aylabadia05 on March 02, 2024, 01:54:37 PM

There is one other country that is similar to Bukele regarding support for Bitcoin, namely Argentina. Their new president is also pro Bitcoin according to what I know. If there also had principles like Bukele towards Bitcoin, it would be really nice, wouldn't it?

Argentine president Javier Milei isn't that much a pro-bitcoiner. He's an advocate for "freely competing currencies". Thus it is extremely unlikely that he'll concede Bitcoin "legal tender" status in Argentina, as it's unlikely that he'll concede this status to a different good or currency. An exception could be the US dollar.

When Milei was still a relatively unknown economist I read sometimes his columns in a financial newspaper which exposed his economic thought in deepness. Some of his ideas were definitely interesting. But Bitcoin played, if any, a very minor role.

There is even a planned law (which could be implemented as a presidential decree) in Argentina which could regulate Bitcoin service providers even further, in the name of "anti money laundering" policies, see this statement of the association Bitcoin Argentina.

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Quote from: aylabadia05 on March 02, 2024, 01:54:37 PM

That's enough. We can understand it well and we must stand behind it even though we are not citizens of El Salvador.
We often read about the IMF's emphasis on him, but he remains in his position as an intelligent person.

There is one other country that is similar to Bukele regarding support for Bitcoin, namely Argentina. Their new president is also pro Bitcoin according to what I know. If there also had principles like Bukele towards Bitcoin, it would be really nice, wouldn't it?

If there was a president of another country like Argentina who really wanted to be truly pro Bitcoin and dared to take steps like what Bukele did in the country of El Salvador. Obviously this is very good for the country because it can also have an effect on Bitcoin becoming more famous and also on the country of El Salvador which has become a pioneer country in doing extraordinary things with Bitcoin. And besides that, El Salvador also has better goals such as making its citizens able to use Bitcoin and also being able to learn about it through several important events and also through schools.

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Quote from: Fiatless on March 01, 2024, 01:36:00 PM

Quote from: aylabadia05 on March 01, 2024, 01:12:17 PM

Reading the principles of Nayib Bukele always gives me positive energy. From his quote which says 1 BTC = 1 BTC, we who always support Bitcoin want every country to have a leader like him with advanced thinking who can make the economy develop amidst the loss of value of fiat currency.

A president that was not sacred of the negative prediction and that of international lending organizations like World Bank and IMF deserves to be respected. He predicted that investing in Bitcoin would be good for his nation and regardless of the attacks and criticism, he fearlessly pursued the Bitcoin project.

That's enough. We can understand it well and we must stand behind it even though we are not citizens of El Salvador.
We often read about the IMF's emphasis on him, but he remains in his position as an intelligent person.

There is one other country that is similar to Bukele regarding support for Bitcoin, namely Argentina. Their new president is also pro Bitcoin according to what I know. If there also had principles like Bukele towards Bitcoin, it would be really nice, wouldn't it?

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Quote from: Fiatless on March 01, 2024, 01:36:00 PM

Quote from: aylabadia05 on March 01, 2024, 01:12:17 PM

Reading the principles of Nayib Bukele always gives me positive energy. From his quote which says 1 BTC = 1 BTC, we who always support Bitcoin want every country to have a leader like him with advanced thinking who can make the economy develop amidst the loss of value of fiat currency.

A president that was not sacred of the negative prediction and that of international lending organizations like World Bank and IMF deserves to be respected. He predicted that investing in Bitcoin would be good for his nation and regardless of the attacks and criticism, he fearlessly pursued the Bitcoin project.

Quote from: aylabadia05 on March 01, 2024, 01:12:17 PM

Half of the total ownership will probably be released or sold when the price reaches $100k or more in my opinion and he will think of a new strategy again even though my thinking is not necessarily justified.

According to his Twitter post, the country has no plan to sell. My view is that he might not be selling in this bull run because they have a long-term vision for Bitcoin. They country is still acquiring more through its citizenship programs. The president is a die-hard supporter of Bitcoin and I am happy he won the last presidential election, at least he would still be in power till the next bull run.

His ability to legalize bitcoin in the country already made him to be loved by the citizens of the country. That move alone was enough to give him another tenure in the office. Hopefully he is going to use his term in office to acquire more bitcoin for his country. This is visionary leader who understands the yawning of the people. Am sure when he is ready to leave office, he will hand over to someone who will continue to be bitcoin friendly.

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Quote from: martinex on February 28, 2024, 08:14:51 AM

I think not. However, the main lesson is definitely BTC for other things like shitcoins in the coming period... Grin

Yes. Elsafdor is very smart in reading movements to improve their economy indirectly and I think the results have been felt for now. everything at the beginning always gets its place. and we just have to wait and see which new faces will appear soon.

The President of El Salvador knows very well who to work with regarding his country's economic development and also regarding currencies like Bitcoin this year. You can see and read it at PNC El Salvador because El Salvador's state security is also still trying to secure the country from the remaining terrorists so that any education implemented in El Salvador can take place safely for the students who will be the future of their own nation.

There are two things that El Salvador is doing at the moment, the first is that El Salvador is leading in crypto regulation, attracting global investment with innovative laws and technology promotion and the second is educational projects such as “Bitcoin Beach” and “Bitcoin Beach” My First Bitcoin” encourages understanding and adoption of Bitcoin.

Source:

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Quote from: aylabadia05 on March 01, 2024, 01:12:17 PM

Reading the principles of Nayib Bukele always gives me positive energy. From his quote which says 1 BTC = 1 BTC, we who always support Bitcoin want every country to have a leader like him with advanced thinking who can make the economy develop amidst the loss of value of fiat currency.

A president that was not sacred of the negative prediction and that of international lending organizations like World Bank and IMF deserves to be respected. He predicted that investing in Bitcoin would be good for his nation and regardless of the attacks and criticism, he fearlessly pursued the Bitcoin project.

Quote from: aylabadia05 on March 01, 2024, 01:12:17 PM

Half of the total ownership will probably be released or sold when the price reaches $100k or more in my opinion and he will think of a new strategy again even though my thinking is not necessarily justified.

According to his Twitter post, the country has no plan to sell. My view is that he might not be selling in this bull run because they have a long-term vision for Bitcoin. They country is still acquiring more through its citizenship programs. The president is a die-hard supporter of Bitcoin and I am happy he won the last presidential election, at least he would still be in power till the next bull run.

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Quote from: d5000 on February 28, 2024, 06:46:44 PM

Quote from: aylabadia05 on February 28, 2024, 10:05:21 AM

I once read an article that Nayyib Bukele was firm in his stance on holding onto the Bitcoin he owned. With El Salvador's total Bitcoin ownership, when the Bitcoin price reached the current price of $60k, El Salvador's investment profits would have doubled.

He confirmed it on his Twitter/X account today that El Salvador will continue to hodl:

https://twitter.com/nayibbukele/status/1762867369217532125

Quote from: Nayib Bukele @ X

We won’t sell, or course; at the end 1 BTC = 1 BTC (this was true when the market price was low and it’s true now); but it’s very telling that the authors of those hit pieces, the “analysts”, the “experts”, the “journalists”, are totally silent now.

It's interesting that he mentions that the "main source" of BTC for El Salvador was actually the "citizenship program". So the holdings could actually be significantly above to the estimations of sites like Nayib Tracker.

Reading the principles of Nayib Bukele always gives me positive energy. From his quote which says 1 BTC = 1 BTC, we who always support Bitcoin want every country to have a leader like him with advanced thinking who can make the economy develop amidst the loss of value of fiat currency.

Half of the total ownership will probably be released or sold when the price reaches $100k or more in my opinion and he will think of a new strategy again even though my thinking is not necessarily justified.

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Quote from: AakZaki on March 01, 2024, 05:13:19 AM

I am waiting for official news from El Salvador regarding the economic improvement and development of the country due to Bitcoin. I am waiting for news of the successful adoption of Bitcoin by El Salvador. This is because the current price of bitcoin seems to have passed the time when El Salvador bought Bitcoin. Furthermore, it can give an idea and attract the interest of other countries to imitate. If El Salvador can improve the country's economy with Bitcoin, I think they don't need the IMF. They have taken that risk, so they have to work hard with their commitment to Bitcoin.

The president of El Salvador has already made an official statement concerning the country's investment in Bitcoin. You can check it out in his X account and the post have gotten about 3.9milloin views. He indicated that the investment has yielded about 40% profit and the nation has no plan to sell. He also stated that the country's main source of acquiring more Bitcoin is through its citizenship program. He also lashed critics who were writing all sorts of rubbish about El Salvador but are now silent when the country is making huge profits.

Countries that want to take the same step as El Salvador have to study the steps of the Latin American country and also ensure that they invest in infrastructure and Bitcoin education.

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I am waiting for official news from El Salvador regarding the economic improvement and development of the country due to Bitcoin. I am waiting for news of the successful adoption of Bitcoin by El Salvador. This is because the current price of bitcoin seems to have passed the time when El Salvador bought Bitcoin. Furthermore, it can give an idea and attract the interest of other countries to imitate. If El Salvador can improve the country's economy with Bitcoin, I think they don't need the IMF. They have taken that risk, so they have to work hard with their commitment to Bitcoin.

Topic: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 - page 17. (Read 38876 times)