El Salvador Nayib Bukele Portfolio Tracker - page 2.

Husires

legendary

Activity: 1582

Merit: 1284

Quote from: Faisal2202 on November 17, 2023, 01:24:38 PM

And talking about the DCA technique, I was flattered when I heard MicroStrategy making 1 billion dollars on their overall BTC holdings, which they have accumulated using DCA and bought at an average price of $29500+. And I can't imagine how much profit El Salvador will make on their holdings, even though they (El Salvador has around 3,110 BTC and MicroStrategy has 158,400 BTC).ء

It is not wise for a country that has a good number of employees and resources to determine the best time to invest to adopt a trading strategy used by inexperienced beginners. DCA is a great strategy because it does not require a lot of effort and research, but it is not the most profitable for those who want to invest institutionally, and you will be able to employ some economic experts who may give price predictions that have a good amount of credibility, especially since we are talking about long-term trading.
The El Salvador experience was not ideal for those who needed a lot to succeed, but they took the first step

DdmrDdmr

legendary

Activity: 2296

Merit: 10753

There are lies, damned lies and statistics. MTwain

The truth is that we don’t really know just how real El Salvador’s bitcoin stash is, and what’s worse, the Salvadorians don’t seem to know either due to the lack of transparency, leading the population to have to take a set of Tweets as a reference.

People have to take a leap of faith and believe that those bitcoins were really bought (not just Tweeted), that the purchase of 1 BTC per days is still a thing (no news on that front for months on end), that they have not made any sales in between, and that it’s all kept somehow in a secure manner.

Faisal2202

sr. member

Activity: 1064

Merit: 437

#SWGT CERTIK Audited

Quote from: Catenaccio on November 17, 2023, 01:25:59 AM

There is a website for El Salvador, Nayib Bukele Portfolio Tracker.
https://nayibtracker.com/
In the chart, you have green dots that are Purchases and you can hover mouse on each green dot to get details for that DCA time.
-snip-
Do you want to DCA like those institutional investors?

That's a helpful tool you have shared with us. I was not aware of it, as in the past I was in search of such a tool but did not find any. Thanks to you for providing it.

And talking about the DCA technique, I was flattered when I heard MicroStrategy making 1 billion dollars on their overall BTC holdings, which they have accumulated using DCA and bought at an average price of $29500+. And I can't imagine how much profit El Salvador will make on their holdings, even though they (El Salvador has around 3,110 BTC and MicroStrategy has 158,400 BTC).

Again, thanks for the tool. I will bookmark it, and I hope the data for other companies will also be provided here and in the upcoming ETFs too. That will be helpful for all of us. Anyway, is this website yours?

Husires

legendary

Activity: 1582

Merit: 1284

How many topics about El Salvador do we need, because we already have one? El Salvador’s adoption of Bitcoin was a political effort, and we cannot judge the experience except after 10 years have passed and then evaluate the extent of its benefit to both the overall and individual economies. However, I read somewhere that most people did not use that wallet after withdrawing the amount from it, as it is centralized.

Tony116

legendary

Activity: 2072

Merit: 1023

★Bitvest.io★ Play Plinko or Invest!

Quote from: bayu7adi on November 17, 2023, 03:27:36 AM

A small question about Nayib Bukele's purchases so far. Will the purchased BTC be used for the benefit of his country or for personal/supporter interests?

As far as I know, they used national reserves to buy bitcoin, so this money will definitely belong to the country, not just President Nayib Bukele. In addition to accepting legal tender and investing in bitcoin to seek profits, Nayib Bukele's goal is to leverage bitcoin to improve their country's economy. One of the most productive sectors is tourism. From what I know, their tourism industry since accepting bitcoin as legal tender has seen a significant increase in revenue.

It can be said that they have not achieved many outstanding achievements, but they are still continuing the journey of applying bitcoin into practice in their country from bringing it into education to becoming the main currency.

apogio

sr. member

Activity: 406

Merit: 896

Quote from: bayu7adi on November 17, 2023, 03:27:36 AM

Will the purchased BTC be used for the benefit of his country or for personal/supporter interests?

I think this is the BTC that he owns on behalf of El Salvador.

Check this: https://buybitcoinworldwide.com/treasuries/el-salvador/

The amounts match. Actually, 3000+ BTC look too much for a personal portfolio, but this is not a strong argument, I know.

bayu7adi

hero member

Activity: 1358

Merit: 538

paper money is going away

An easily understandable graph. Btw... being the first country to officially accept Bitcoin as its legal currency is indeed a surprising breakthrough. We all know that BTC is not regulated by any country, and El Salvador is very bold to adopt it.

A small question about Nayib Bukele's purchases so far. Will the purchased BTC be used for the benefit of his country or for personal/supporter interests? It's true that it's in the name of El Salvador, but I'm a bit skeptical about it. If compared to the amount bought by MS, it falls far behind. Country vs Institutional Investor, for now, BTC is still dominated by institutional investors.

Catenaccio

full member

Activity: 364

Merit: 115

El Salvador is a first nation makes Bitcoin legal tender.

Their President Nayib Bukele is a serious Bitcoin supporters and he loves DCA Bitcoin as in an investment for his nation.
There is a website for El Salvador, Nayib Bukele Portfolio Tracker.
https://nayibtracker.com/
In the chart, you have green dots that are Purchases and you can hover mouse on each green dot to get details for that DCA time.

It has numbers for
Total dollar cost average.
Dollar Cost Average price.
ROI.
You have a table with date of purchase, purchase value, and links to X (Twitter), SEC filing.

Michael Saylor ⚡ (MicroStrategy) Portfolio Tracker

Do you want to DCA like those institutional investors?
If you want, you can do it with a helpful website Dollar Cost Averaging with costavg.com include exchange fee

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