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Topic: Inquisitive & Asked? (Read 13 times)

Ambatman
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Inquisitive & Asked?
December 12, 2024, 05:32:46 PM
#2
Quote from: Obim34 on December 12, 2024, 05:07:08 PM
Don't we think it will have an impact in altering our 4 years cycle?
It would affect the normal cycle and would likely increase the number of bullish years and reduce the severity of any Bear market or correction.
The impact isn't just because of the buy because they are planning on buying from US miners directly to reduce the impact on the impact.
The reason for the change of cycle is psychological.
Market started changing when government and institutional head started actively been involved in Bitcoin.
Obim34
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Re: Inquisitive & Asked?
December 12, 2024, 05:07:08 PM
#1
While in discussion on a thread in the Economic Board, Everything you wanted to know about Bitcoin Strategic Reserve.

I asked the below and yet to receive any response which made me bring it down to our LB for discussion.

Quote from: Obim34 on December 11, 2024, 04:52:54 PM
Quote from: fillippone on December 09, 2024, 05:49:56 PM
El Salvador: In September 2021, El Salvador became the first country to adopt Bitcoin as a legal tender. Since then, the Government has accumulated approximately 5,940 bitcoins, valued at around $582 million as of November 2024. They perform both open market purchases (they are buying one bitcoin per day since) and mining operations.
Comparing what El Salvador has managed to accumulate from a period of 3 years till today will turn out to be approximately 3% of what the US government are applicable to gather in a whole year then multiply in four years. This will turn out to be the biggest Bitcoin purchase to be recorded, but i tend to find question concerning how much of an impact it will do on the price of Bitcoin following how and on what process will the relatively 200,000 Bitcoin be bought without altering the four year cycle, for such a big buy to happen in a year period then for another 3 consecutive years, totalled to four years in total?
Don't we think it will have an impact in altering our 4 years cycle?
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