Topic: El Salvador run or survive? - page 6. (Read 580 times)
It is a good question. And I think that El Salvador could be in a really troubling situation. I really appreciated their courage to make Bitcoin their legal tender officially. However, they should already be aware of the high volatility in the cryptocurrency market also. I wonder if they have some plans to deal with the volatility. If they can't take things under control when the market fluctuates a lot, then they can have big problems.
1. This is probably a language barrier, but El Salvador is a country not a person.
2. El Salvador currently only has like 700 BTC. I know that El Salvador isn't a super wealthy country, but that 700 BTC could dump to zero and it's not like El Salvador will go bankrupt lol. I'm pretty sure the president Bukele wouldn't lose sleep over it.
2. El Salvador currently only has like 700 BTC. I know that El Salvador isn't a super wealthy country, but that 700 BTC could dump to zero and it's not like El Salvador will go bankrupt lol. I'm pretty sure the president Bukele wouldn't lose sleep over it.
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.
There are not yet that many adoptions in El Salvador, despite not having that many adopters in that country, still the government pursued it to be adopted as a legal tender.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 will survive and just continue what they've been doing and that is to buy.What do you think about El Salvador amid price fluctuations?
In fact, they've just announced that they've bought recently through Bukele's twitter account.
The country is now involved in a risky business with its buying the dip. It would have been perfectly all right had they stopped after making Bitcoin the second legal tender of the country. It was already enough that they are attracting Bitcoin lovers from all over the world. They were also giving incentives to people who plan to invest in the country. But now they seem to be going aboveboard because they are now risking money by buying Bitcoin dips.
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?
What do you think about El Salvador amid price fluctuations?
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