El Salvador run or survive? | Bitcointalksearch.org

rincoeng1986

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Quote from: Mahanton on October 15, 2021, 06:47:31 PM

Quote from: Sithara007 on October 14, 2021, 09:45:06 PM

Quote from: bots1 on October 13, 2021, 10:18:04 AM

I think El Salvador continues to run even in the midst of price fluctuations. This is evidenced by where El Salvador continues to buy bitcoin when the price experienced a deep correction throughout last September. They even adopt Bitcoin as a medium of exchange

When Bukele ordered the purchase of Bitcoin a month back, there was huge outcry in El Salvador. It got louder when the exchange rates crashed from $45,000 to $42,000. Some rioters even burned down the Bitcoin ATMs. But the current exchange rate is $57,000 (which represents a 30% upswing from the rate at the time of purchase). And incidentally the mainstream media has gone silent on this issue, although they were churning anti-Bitcoin articles at a rate of a dozen per minute earlier.

You would really expect those words because not all would really be having always that kind of positive feedback or do agree on things in one go because there would be supporters and so much with haters too.
Now that bitcoin had reached out 60k+ then what are their words? For sure they would really be that silent for too long and might changed up their minds when bitcoins price would break its ath and would
go to new ATH.Its a good call that El Salvador did really came in on the right time and we might be seeing new numbers on upcoming years to come.

The policy of the bukele president towards legalizing bitcoin in El Salvador has been in the spotlight in the country, where they have managed to increase their profits greatly this year and the economic growth in the government of El Salvador is getting better.

Mahanton

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Quote from: Sithara007 on October 14, 2021, 09:45:06 PM

Quote from: bots1 on October 13, 2021, 10:18:04 AM

I think El Salvador continues to run even in the midst of price fluctuations. This is evidenced by where El Salvador continues to buy bitcoin when the price experienced a deep correction throughout last September. They even adopt Bitcoin as a medium of exchange

When Bukele ordered the purchase of Bitcoin a month back, there was huge outcry in El Salvador. It got louder when the exchange rates crashed from $45,000 to $42,000. Some rioters even burned down the Bitcoin ATMs. But the current exchange rate is $57,000 (which represents a 30% upswing from the rate at the time of purchase). And incidentally the mainstream media has gone silent on this issue, although they were churning anti-Bitcoin articles at a rate of a dozen per minute earlier.

You would really expect those words because not all would really be having always that kind of positive feedback or do agree on things in one go because there would be supporters and so much with haters too.
Now that bitcoin had reached out 60k+ then what are their words? For sure they would really be that silent for too long and might changed up their minds when bitcoins price would break its ath and would
go to new ATH.Its a good call that El Salvador did really came in on the right time and we might be seeing new numbers on upcoming years to come.

el kaka22

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Quote from: Sithara007 on October 14, 2021, 09:45:06 PM

When Bukele ordered the purchase of Bitcoin a month back, there was huge outcry in El Salvador. It got louder when the exchange rates crashed from $45,000 to $42,000. Some rioters even burned down the Bitcoin ATMs. But the current exchange rate is $57,000 (which represents a 30% upswing from the rate at the time of purchase). And incidentally the mainstream media has gone silent on this issue, although they were churning anti-Bitcoin articles at a rate of a dozen per minute earlier.

They will always do that, why? Because it would make the nation better. What you need to understand is that if the nation is doing awesome and everything is doing great then there is no news to sell. News is not a business where you share information with the people, that would be the most boring thing in the entire world, and nobody would watch that news in the end.

What makes news sell is the rage and there needs to be some issues that they need to sell in order to make it watchable otherwise it is not going to be good business for them. Imagine a news channel that is like "nothing bad happened today, this is the weather, this is the sports results, everything seems fine, we are all happy, things are so good", would you watch that?

I mean news is like "the people you hated did something you hated look how horrible this is!!!! isn't it disgusting???" and that is how they get attention. They just made 30% profit from the place they got in and the nation is doing better, that is not news, that would not sell views.

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Quote from: bots1 on October 13, 2021, 10:18:04 AM

I think El Salvador continues to run even in the midst of price fluctuations. This is evidenced by where El Salvador continues to buy bitcoin when the price experienced a deep correction throughout last September. They even adopt Bitcoin as a medium of exchange

When Bukele ordered the purchase of Bitcoin a month back, there was huge outcry in El Salvador. It got louder when the exchange rates crashed from $45,000 to $42,000. Some rioters even burned down the Bitcoin ATMs. But the current exchange rate is $57,000 (which represents a 30% upswing from the rate at the time of purchase). And incidentally the mainstream media has gone silent on this issue, although they were churning anti-Bitcoin articles at a rate of a dozen per minute earlier.

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Quote from: Dhaniii on September 21, 2021, 08:41:48 PM

El Salvador is already one of the people that big investors talk about, because he has strong principles against the large number of bitcoin adopters after he legalized bitcoin as a legal medium of exchange in his country. while the market conditions are fluctuating, will he be influenced to sell or will he continue to survive? current issue!
What do you think about El Salvador amid price fluctuations?

I think El Salvador continues to run even in the midst of price fluctuations. This is evidenced by where El Salvador continues to buy bitcoin when the price experienced a deep correction throughout last September. They even adopt Bitcoin as a medium of exchange

Weng simok

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we are monitoring the market movement, bitcoin is back on the rise. maybe in elsalvador there will be no fighting in his country because of yesterday's price drop.
El Salvador has managed to get past the best moment for him after buying bitcoin at $51k yesterday and is now at $57k.

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Quote from: STT on October 12, 2021, 01:55:13 PM

Possible downtrend is contention or rather the expiry of positive pattern meaning we may pullback some. I'm waiting to see if it breaches the range of the prior sideways action

So if we find the current low as a bottom thats bullish, in refusing to retrace and if we lose 54k then it could mean we go the whole hog back to 50k. Typically I expect BTC to be melodramatic so 50k is possible imo

Still unpredictable, the current fall still holding not to pull that much $55K still maintaining.

We don't know though if that will continue to survive and push back to start the strong run again, or just what you have said, it's possible also to have more downfall if pressures from current holders will be triggered.

Having a good spare fiat now is a good option if you do believe that the market will still be positive before this year will end.

STT

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Possible downtrend is contention or rather the expiry of positive pattern meaning we may pullback some. I'm waiting to see if it breaches the range of the prior sideways action

So if we find the current low as a bottom thats bullish, in refusing to retrace and if we lose 54k then it could mean we go the whole hog back to 50k. Typically I expect BTC to be melodramatic so 50k is possible imo

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Governments will fear to take such decisions. What El Salvador government have taken is appreciable, because they're examining themselves rather than waiting to see what others are doing. In less than a month out of the investment, the country had made a good profit and the same is getting used for the good. At present the market is bullish from their buy price. They should have specific plans to withstand bear trend as well, because the market changes in no time.

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Quote from: Japinat on October 11, 2021, 01:27:43 AM

Quote from: Tumanggor on October 10, 2021, 05:10:33 PM

Quote from: Dhaniii on September 21, 2021, 08:41:48 PM

El Salvador is already one of the people that big investors talk about, because he has strong principles against the large number of bitcoin adopters after he legalized bitcoin as a legal medium of exchange in his country. while the market conditions are fluctuating, will he be influenced to sell or will he continue to survive? current issue!
What do you think about El Salvador amid price fluctuations?

he?

El Salvador is a country led by nayib and all bitcoin investment decisions there is the result of mutual agreement
because it was a joint decision then I don't see El Salvador changing their rules and becoming a country that abandons bitcoin

El Salvador will continue to survive..I'm sure of it

They will survive because they are supporting bitcoin and considers it as an investment, imagine a country that has buying power as they regulate bitcoin and they allow their people to use bitcoin as a legal tender, that's very positive as the government would benefit from the taxes they collected.

Its effect is very deep, this country is not like an investor who buys bitcoin and waits until the price will rise, in their case, they could influence the market as they are going a real adoption which brings positive results not only in their country but on the entire ecosystem.

Knowing bitcoin has a high chance of recovering back fast if the price dump and can also multiply the invested amount when the market is in good shape for sure El salvador will survive on their recent adoption. For sure many country are figure out on what will happen to El Salvador but once they see the economy of the said country will be more alive due to the help of bitcoin. But although its not a surprise if there's a citizen will became a loser knowing many Fuds are spreading to the market but this is only a normal case so hopefully they will not get discourage once the situation came and think about bouncing back again when everything is in good situation.

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Quote from: poldanmig on October 12, 2021, 08:43:00 AM

El salvador has bought about 200 bitcoins at last september with a price of $51K and now the price of bitcoin has reached a price of $57K and if we take the total profit earned by el salvador now is $1.2 million and of course it is a pretty big profit from The investment they made in just a month, according news, El Salvador will use the profits to build a veterinary hospital in the country.

Yes, that is true. President Nayib bukele has given his support for bitcoin as a solution and hopes that Salvadorans in other countries will adopt it as well. So far, 30 ATMs for sending remittances have been installed in Atlanta, Chicago, Houston and Los Angeles.
Salvador will be the greatest and richest country in the future.

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El salvador has bought about 200 bitcoins at last september with a price of $51K and now the price of bitcoin has reached a price of $57K and if we take the total profit earned by el salvador now is $1.2 million and of course it is a pretty big profit from The investment they made in just a month, according news, El Salvador will use the profits to build a veterinary hospital in the country.

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Quote from: Tumanggor on October 10, 2021, 05:10:33 PM

Quote from: Dhaniii on September 21, 2021, 08:41:48 PM

El Salvador is already one of the people that big investors talk about, because he has strong principles against the large number of bitcoin adopters after he legalized bitcoin as a legal medium of exchange in his country. while the market conditions are fluctuating, will he be influenced to sell or will he continue to survive? current issue!
What do you think about El Salvador amid price fluctuations?

he?

El Salvador is a country led by nayib and all bitcoin investment decisions there is the result of mutual agreement
because it was a joint decision then I don't see El Salvador changing their rules and becoming a country that abandons bitcoin

El Salvador will continue to survive..I'm sure of it

They will survive because they are supporting bitcoin and considers it as an investment, imagine a country that has buying power as they regulate bitcoin and they allow their people to use bitcoin as a legal tender, that's very positive as the government would benefit from the taxes they collected.

Its effect is very deep, this country is not like an investor who buys bitcoin and waits until the price will rise, in their case, they could influence the market as they are going a real adoption which brings positive results not only in their country but on the entire ecosystem.

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Quote from: Dhaniii on September 21, 2021, 08:41:48 PM

El Salvador is already one of the people that big investors talk about, because he has strong principles against the large number of bitcoin adopters after he legalized bitcoin as a legal medium of exchange in his country. while the market conditions are fluctuating, will he be influenced to sell or will he continue to survive? current issue!
What do you think about El Salvador amid price fluctuations?

he?

El Salvador is a country led by nayib and all bitcoin investment decisions there is the result of mutual agreement
because it was a joint decision then I don't see El Salvador changing their rules and becoming a country that abandons bitcoin

El Salvador will continue to survive..I'm sure of it

mexite

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I'm only concerned with the level of education and awareness the government has done or is doing for her citizens before making Bitcoin a legal tender in the country. The citizens should be well informed of the risks posed by owning BTC. I would have loved if they also have a stablecoin option for those who want to be paid in crypto.

While in bull market, it may be a win situation for recipients of crypto, what would be the attitude in bear market? This should be well taken care of so that employees being paid in BTC don't lose take a hit in the dollar value of their income in a bloodbath season.

But overall, it appears a great move, at least for BTC maximalists.

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Quote from: Hippocrypto on October 06, 2021, 06:22:41 PM

Quote from: Dhaniii on September 21, 2021, 08:41:48 PM

El Salvador is already one of the people that big investors talk about, because he has strong principles against the large number of bitcoin adopters after he legalized bitcoin as a legal medium of exchange in his country. while the market conditions are fluctuating, will he be influenced to sell or will he continue to survive? current issue!
What do you think about El Salvador amid price fluctuations?

I guess there's an unpredictable situation for El Salvador here every now and then, but if the price continue to soar and reach $60k this month? That's a good signs of progress. El Salvador will going to survive even if price fluctuates, because that's an indication of greater demands as well as volatility existence.

They are buying even if the market dumps so they are prepared for this and I don’t think they’ll just run or take profit now, imagine the price they’ve enter into this market compare to its price right now, they have a good profit already. They will survive despite of many criticism, they adopt Bitcoin for purpose and they will continue that.

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Quote from: stomachgrowls on October 09, 2021, 02:50:55 AM

Quote from: jossiel on October 09, 2021, 02:20:42 AM

It's just the same when bitcoin is starting out. A few believer against the world.

And with them, they're the first to have it as a legal tender but many countries to have it legally so they're not alone on this battle but the struggle is real for being the first mover.

This is true!

It is really hard to become the first specially talking about with adoption because we know that it is really close to impossible on adopting or making bitcoin as a main currency.On any angle you are trying to look at then it can really be hardly tell that this would be impossible but it turns out that El salvador did really take some risk.

We cant say if its a good decision but for us people whom do support Bitcoin then this situation do really looks good and does signify that it isnt really impossible.
Hope that they wont really be reverting out their decisions in near future soon.

They could survive as long this market exist although volatility will really be your main issue on here.

They've got plans yet there were citizens of them that have protested against their new law about bitcoin as a legal tender.

It's understandable that they'll have such problems but I think that no one can stop them despite those problems and struggles that they're facing right now.

And I hope that it will be the same to next country that will declare it too as a legal tender.

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Quote from: btc_angela on October 06, 2021, 05:20:06 AM

Quote from: Dhaniii on October 05, 2021, 12:58:57 AM

as you guys said that the president of el Salvador will persist to adopt bitcoin when the price fluctuates and is never afraid of the market conditions often falling. El Salvador plans long-term deposits and plans to adopt more. This is very fantastic in increasing the country's economy.

Lol, I wouldn't say that the President is not afraid of the price fluctuation, everyone does, even the strongest hand out there, I think seeing your portfolio is not good and might trigger some thoughts of selling.

As far as the economy, you can't measure it in 2-3 years, it must be long term. They've put up on bitcoin when we are in a bullrun? What will happen to the country's economy when we goes on a another 3 long year bear market? I think that will be the biggest test for El Salvador.

"Afraid" is different than worried. He could be worried about the price fluctuations but he is not afraid of it because he knew that this would happen and he is fine about it. He even talked about how he was expecting the fall to happen. Looking at how they are doing right now, I am pretty sure they are already in profit, hence I think they are doing fine as well, didn't need to get worried at all, a month or so into their "experiment" and they are already in profit as a nation.

If they keep this up and keep putting more money into crypto, they will grow their treasury better than any other method they could have, any profit they have, any excess money they could put into this would mean a very large growing crypto chest for them which would be benefiting them in the end.

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Quote from: jossiel on October 09, 2021, 02:20:42 AM

Quote from: Botnake on October 06, 2021, 05:28:14 PM

Quote from: jossiel on October 06, 2021, 05:55:02 AM

Quote from: Kong Hey Pakboy on October 04, 2021, 09:23:24 AM

They will survive, it's not like they've done an all in with bitcoin that if it doesn't go where they want it to be, they're whole country will collapse and to be honest, I think that it's in our best interest that they're going to survive because if they become a success, more countries will follow and the prominence of bitcoin will rise much higher.

They'll surely survive.

Whoever is the first mover does have the advantage and so El Salvador has all the advantages upon the declaration. It's odd for the other countries but we can't deny that they got balls, unlike the other countries.

I can sense that El Salvador will definitely survive from its own battle. I know how they struggled so that everything will work out and with this bullish time, seems like this will pave the way for some citizens to value bitcoin more than fiat not just of its high price at the present but more on its countless benefits compared to fiat which is greatly affected with inflation. And the higher chances for this nation to come out successful, then this will encourage other countries too to start accepting bitcoin as a medium of exchange.

It's just the same when bitcoin is starting out. A few believer against the world.

And with them, they're the first to have it as a legal tender but many countries to have it legally so they're not alone on this battle but the struggle is real for being the first mover.

This is true!

It is really hard to become the first specially talking about with adoption because we know that it is really close to impossible on adopting or making bitcoin as a main currency.On any angle you are trying to look at then it can really be hardly tell that this would be impossible but it turns out that El salvador did really take some risk.

We cant say if its a good decision but for us people whom do support Bitcoin then this situation do really looks good and does signify that it isnt really impossible.
Hope that they wont really be reverting out their decisions in near future soon.

They could survive as long this market exist although volatility will really be your main issue on here.

jossiel

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Quote from: Botnake on October 06, 2021, 05:28:14 PM

Quote from: jossiel on October 06, 2021, 05:55:02 AM

Quote from: Kong Hey Pakboy on October 04, 2021, 09:23:24 AM

They will survive, it's not like they've done an all in with bitcoin that if it doesn't go where they want it to be, they're whole country will collapse and to be honest, I think that it's in our best interest that they're going to survive because if they become a success, more countries will follow and the prominence of bitcoin will rise much higher.

They'll surely survive.

Whoever is the first mover does have the advantage and so El Salvador has all the advantages upon the declaration. It's odd for the other countries but we can't deny that they got balls, unlike the other countries.

I can sense that El Salvador will definitely survive from its own battle. I know how they struggled so that everything will work out and with this bullish time, seems like this will pave the way for some citizens to value bitcoin more than fiat not just of its high price at the present but more on its countless benefits compared to fiat which is greatly affected with inflation. And the higher chances for this nation to come out successful, then this will encourage other countries too to start accepting bitcoin as a medium of exchange.

It's just the same when bitcoin is starting out. A few believer against the world.

And with them, they're the first to have it as a legal tender but many countries to have it legally so they're not alone on this battle but the struggle is real for being the first mover.

Topic: El Salvador run or survive? (Read 580 times)