El Salvador run or survive? - page 2.

jaberwock

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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.

Anyone who thinks that El Salvador wasn't ready for a drop, or wasn't ready for everyone attacking them, have no idea how governments go into crypto. This is the first ever nation that went full legal tender and they realized long time ago that if they ever do this, they would be attacked like crazy because it would help them a million and why would everyone else let one nation get all the benefit of crypto while other nations do not get it.

This is why it is expected to get attacked on every front, hell they may even lose elections and the next person would promise to negate all of this, because they will be bribed like hell and would be paid like crazy and will have better campaign thanks to it. All in all they will do their best and survive, because they were expecting something like this to happen as well so it is not a problem at all.

Hippocrypto

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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 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.

dunfida

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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?

Try to look on whats happening now? On when El salvador or on what price they had bought their coins? Considering on the current price of bitcoin then they are surely in profits and thats one of the benefits if it turns

out that the market is really having some good run and now to those people who had doubted on such decision will surely be having different impressions as of this moment.

Of course they would survive and just like what others said that they wont really be making hasty decisions if they werent that aware on possible situations of volatility.

Shasha80

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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 have the same belief that El Salvador will survive and stick with its decision to make Bitcoin a legal tender. Because the government of El Salvador
did make the right decisions, but many other countries do not dare to do so. The courage of the El Salvador government must have had careful planning,
I believe the government of El Salvador has thought about the risks it faces, before deciding to legalize Bitcoin as a legal tender. So I believe
El Salvador will be a great country with a bold decision, and there will be times when other countries will follow in the footsteps of what El Salvador
has done. With Bitcoin price looking bullish right now, make the country of El Salvador benefit and of course El Salvador will survive.

Botnake

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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.

barbara44

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They may not have enough energy, which is a big problem but they also do not have enough money for it as well and that is the main problem. If they had enough money, they could have used solar, wind and hydro energy creation which is renewable and that would be bringing them enough energy in itself, without needing to ask energy from other nations and they would be able to sustainable for all the people living in their nation AND mining bitcoin at the same time.

If you ask me, they need to first focus on being energy independent and if they can achieve that, they could focus on mining later on. There is no shame in postponing an idea, they can still do it later on.

jossiel

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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.

btc_angela

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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.

STT

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Uptrend intact vs downtrend pattern so far, I had thought it might falter before now but so far its been strong action. Kept above the 12hr average the whole day

This is weekly bars, big picture or as big as most might consider in a very simple take. This is about a year and we are tackling these relatively long term highs without much drama so far. The fly in the ointment might be that volume is not enough and we have a 200 day average declining, so I would guess its not a breakout scenario just yet but all the same strong action is occurring in such a challenge.

Volume chart or bars here could also be drawn as a trend and its declined. A decline in volume while price rises is not ideal for overcoming resistance, it can still occur but caution might be advised while relying on the continuation I guess.

ultrloa

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Quote from: Natalim on October 05, 2021, 05:35:50 PM

Quote from: yohananaomi on October 05, 2021, 04:36:03 PM

Quote from: Slow death on September 25, 2021, 05:20:18 PM

honestly this movement of El salvador is buying bitcoin without making the proper technical Is fundamental analysis and a bad move, days ago I read that the president of el salvador bought bitcoin when the price dropped to $45000, I remember at the time I commented that if the price of bitcoin dropped to $42000 then the president of El salvador would be frowned upon because he bought it when the price was high and then the price went down, that doesn't look good.

if it is like what you said has happened, of course it is a risk experienced by anyone who makes a purchase, where then the price can go up or down again. So the policy that was made when buying $45K, maybe it could be that the Elsavador leadership felt full of confidence that the price would not go down and would increase eventually.

now if you see the price of bitcoin starting to move away from the crucial price that is always difficult to pass at the price of $50K, it is clear that this brings luck to the leadership of elavador, because he made no wrong decisions and believes that bitcoin will continue to increase.
hopefully what is done will be beneficial for the country and at least will make bitcoin will be lifted to continue to increase.

I do believe in the strong confidence of Bukele that when he decided to buy bitcoin even at its high price, i know he has set already his plan before that. Luckily, the price eventually went up again and is even gaining more momentum to go up even more.

With the fearful spirit of Bukele to run El Salvador, i know this country will gain more progress in the long run. And the good thing is it will eventually change the mindset of people for those who are against bitcoin.

I know they are smart and do proper critical studies towards this adoption so for sure even if market drops for the meantime for sure there government knows the next action to do and there's really nothing to worry about bitcoin since we already know that eventhough how many times it dump the recovery is always there that's why we can say that in the long run on this adoption El Salvador will get a good progress to this knowing that bitcoin gives a high provability of high returns to its holders.

Natalim

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Quote from: yohananaomi on October 05, 2021, 04:36:03 PM

Quote from: Slow death on September 25, 2021, 05:20:18 PM

honestly this movement of El salvador is buying bitcoin without making the proper technical Is fundamental analysis and a bad move, days ago I read that the president of el salvador bought bitcoin when the price dropped to $45000, I remember at the time I commented that if the price of bitcoin dropped to $42000 then the president of El salvador would be frowned upon because he bought it when the price was high and then the price went down, that doesn't look good.

if it is like what you said has happened, of course it is a risk experienced by anyone who makes a purchase, where then the price can go up or down again. So the policy that was made when buying $45K, maybe it could be that the Elsavador leadership felt full of confidence that the price would not go down and would increase eventually.

now if you see the price of bitcoin starting to move away from the crucial price that is always difficult to pass at the price of $50K, it is clear that this brings luck to the leadership of elavador, because he made no wrong decisions and believes that bitcoin will continue to increase.
hopefully what is done will be beneficial for the country and at least will make bitcoin will be lifted to continue to increase.

I do believe in the strong confidence of Bukele that when he decided to buy bitcoin even at its high price, i know he has set already his plan before that. Luckily, the price eventually went up again and is even gaining more momentum to go up even more.

With the fearful spirit of Bukele to run El Salvador, i know this country will gain more progress in the long run. And the good thing is it will eventually change the mindset of people for those who are against bitcoin.

Lanatsa

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Quote from: yohananaomi on October 05, 2021, 04:36:03 PM

Quote from: Slow death on September 25, 2021, 05:20:18 PM

honestly this movement of El salvador is buying bitcoin without making the proper technical Is fundamental analysis and a bad move, days ago I read that the president of el salvador bought bitcoin when the price dropped to $45000, I remember at the time I commented that if the price of bitcoin dropped to $42000 then the president of El salvador would be frowned upon because he bought it when the price was high and then the price went down, that doesn't look good.

if it is like what you said has happened, of course it is a risk experienced by anyone who makes a purchase, where then the price can go up or down again. So the policy that was made when buying $45K, maybe it could be that the Elsavador leadership felt full of confidence that the price would not go down and would increase eventually.

now if you see the price of bitcoin starting to move away from the crucial price that is always difficult to pass at the price of $50K, it is clear that this brings luck to the leadership of elavador, because he made no wrong decisions and believes that bitcoin will continue to increase.
hopefully what is done will be beneficial for the country and at least will make bitcoin will be lifted to continue to increase.

They are already aware of it because they cant just make out some acceptance or kind of decision if they weren't really that ready nor prepared in regards with volatility issues.Of course they wont really be
running away easily but instead they would really see this rather as an opportunity to accumulate more cheaper coins.

They are prepared for that and we shouldn't stressed out on how they would resolved these volatility issues or simply would able to handle it out.Its too early to ran away
or would really changed up their minds.

yohananaomi

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Quote from: Slow death on September 25, 2021, 05:20:18 PM

honestly this movement of El salvador is buying bitcoin without making the proper technical Is fundamental analysis and a bad move, days ago I read that the president of el salvador bought bitcoin when the price dropped to $45000, I remember at the time I commented that if the price of bitcoin dropped to $42000 then the president of El salvador would be frowned upon because he bought it when the price was high and then the price went down, that doesn't look good.

if it is like what you said has happened, of course it is a risk experienced by anyone who makes a purchase, where then the price can go up or down again. So the policy that was made when buying $45K, maybe it could be that the Elsavador leadership felt full of confidence that the price would not go down and would increase eventually.

now if you see the price of bitcoin starting to move away from the crucial price that is always difficult to pass at the price of $50K, it is clear that this brings luck to the leadership of elavador, because he made no wrong decisions and believes that bitcoin will continue to increase.
hopefully what is done will be beneficial for the country and at least will make bitcoin will be lifted to continue to increase.

jaberwock

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Quote from: Kasabus on October 04, 2021, 01:14:27 AM

It's a good thing that El Salvador knows exactly on how to make bitcoin more useful to the people, not just as a currency alone, but also in investing and mining bitcoin. Maybe there is an abundant supply of geothermal energy in their country so they will surely make use of it on its advantage. I can sense that Bukele is really true to serve his people despite of the issues against him. He might have a lot of bitcoin in his own wallet but i know he won't make use the people of EL Salvador for his own personal desires. So with this current price fluctuations, i know El Salvador will definitely survive amidst the crisis.

They are smart about crypto, they did not get in just for the fun of it, they are aware of the situation and they are aware that it may have some downs as well. Even the president himself called a big fall as soon as they make it official and that actually happened, which shows how savvy he is when it comes to crypto. Don't get me wrong I am not living there and I have zero idea about politics in El Salvador, maybe he is a good president or maybe he is a horrible one and I can't speak about it.

However, the only thing I know about him is the fact that they are serious about crypto and did their research before they got in. If only ever crypto investor made as much research on the subject as they did before they go in, we would have less people making a profit.

lizarder

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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?

If these fluctuation conditions continue, then the possibility of bitcoin being released will be very open, considering the movement that will be caused by fluctuations will have an impact on the development of bitcoin in the country, investors will not want to take the risk of events caused by fluctuations, so the decision to release bitcoin is a step the most appropriate, when viewed from the impact of these fluctuations, but this does not mean bitcoin will not develop in such a country.

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Quote from: MarjorieZimmermanGinger on October 05, 2021, 07:50:47 AM

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?

Legalization carried out by the State cannot be separated from the results of an in-depth study, so that the impact of the legalization of bitcoin does not have an impact on the financial sector, government and culture, on the other hand there are good impacts and opportunities for countries that do it, the fluctuation conditions that occur when this, has not provided an answer from selling or holding bitcoins. This is because countries that have started legalizing bitcoin as a medium of exchange have become big investors to hold existing bitcoins, so that these conditions will continue to be used and utilized in the future.

I think before deciding to legalize bitcoin, of course the government of el salvador has conducted an assessment of the benefits and disadvantages they can get, but in my opinion, but the chaos that is happening in el salvador right now is probably only because of the lack of education from the government for some el salvador residents who do not understand blockchain or bitcoin technology, but gradually people will be able to and get used to using bitcoin later. Reportedly even now the government of El Salvador is starting to mine bitcoin in an extraordinary way, namely by using the thermal energy of volcano, if this is successful it will certainly make the foreign exchange income of El Salvador even bigger.

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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?

Legalization carried out by the State cannot be separated from the results of an in-depth study, so that the impact of the legalization of bitcoin does not have an impact on the financial sector, government and culture, on the other hand there are good impacts and opportunities for countries that do it, the fluctuation conditions that occur when this, has not provided an answer from selling or holding bitcoins. This is because countries that have started legalizing bitcoin as a medium of exchange have become big investors to hold existing bitcoins, so that these conditions will continue to be used and utilized in the future.

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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.

Before they decide to enter adopt Bitcoin as legal tender , they already knew and studied the volatility and decentralization of crypto meaning failing is part of the game and whenever there is issue , the team is ready to accept and and prepare for the counter.
and besides i believe that the main objective only of EL Salvador in accepting bitcoin is their people that works overseas to easily send money to their love ones.

Dhaniii

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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.

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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?

It is not easy to take action by a developing country such as Elsavador to be able to accept bitcoin as a legal tender, because there are many rules that need to be prepared in advance because obviously not all people already know about bitcoin. but commendable actions taken for the welfare of society in the future.

Quote from: asrinur on October 04, 2021, 08:03:02 AM

In the midst of fluctuating market conditions, El Salvador has returned to buying bitcoins. El Salvador bought bitcoin during the recent downturn where the price fell below $45,000. El Salvador thinks and believes that this new initiative will change the lives of its citizens, especially those who rely heavily on remittances to send and receive money from abroad.

The benefits carried out by a country such as Elsavador will certainly be very helpful for the country's economy in the future, indeed it is not felt at all now because it has just started to ratify bitcoin as a legal medium of exchange that is recognized by them.
at least what is being done is a new chapter with the aim of a bright future, because clearly the benefits will be felt for the country and society. at least there is a fairly high savings from money transfer transactions made by the public every year.

hopefully what is done by the elavador country will be followed by other countries and will make bitcoin continue to be excited because good news appears to stimulate investors to want to invest in bitcoin, moreover the price at that time was quite friendly. hope that this will make prices increase gradually until the end of this year.

Topic: El Salvador run or survive? - page 2. (Read 580 times)