Topic: What happens to $BTC when El Salvador sells their Bitcoin? - page 3. (Read 1031 times)

It's a never-ending cycle of buys and sells, so, yeah - with time, anyone who holds BTC, eventually, will drop some parts of his bags out, back onto the market - to gain a bit from it and be ready for the future market and other events that are happening on it, and to reinvest more into BTC, of course.

Managing a business as its owner is not easy and stressful, because you have to do many things, and you will have to pay salary to your staffs. It's more stressful than being an employed supervisor of a business and get monthly salary no matter that business is in profit or loss from its operation.

Don't invest what you can not afford to lose.
Don't invest with all money you have.

If you can do this, I believe that investment in Bitcoin will be easy for you. You don't have any pressure to sell it for cash as an individual investor or as a business owner if you only use a part or small part of your business revenue for this investment.

If you bet all money of your company, all of its revenue to this investment, the story will be different and pressure on you will be bigger.

If I remember correctly El Salvador made a huge profit when bitcoin hit its new ATH and it was estimated to be 5.28 Trillion. My question is what other currencies are you referring to and why should El Salvador invest in another currency when bitcoin has done so much for them and bitcoin can also be used as a hedge so El Salvador can benefit from choosing another currency. Other cryptocurrencies are not their target so they don't think it has the potential to do so and they know how bitcoin can provide more value.

El Salvador is also a country that is willing to take big risks even though most countries don't do the same, but what they have done in the past has made some countries start to show interest in the same. El Salvador has pioneered financial resilience through bitcoin and they have taught the world how something done with thoughtfulness can yield much better results.

There is a big difference between business and investing. Having a business and working can give you a monthly passive income and you can rely on it to continue to maintain your business, thereby generating more profits. But when you invest it doesn't give you monthly income and if you just hold it forever without selling then you won't get any benefit from it. Especially when it comes to volatile assets like bitcoin.

El Salvador is also an investor like us and we should not be surprised if they decide to sell bitcoin for profit because that is the purpose of investment.

Dumping Bitcoin for short-term spending might sound tempting, but it is risky. Countries like Argentina are looking at similar Bitcoin strategies, not out of "FOMO", but to diversify reserves and counter global financial pressures. El Salvador's commitment is strategic, they balanced the adoption of Bitcoin with financial stability by negotiating with the IMF over loans while revising Bitcoin mandates.
https://coin360.com/news/el-salvador-bitcoin-imf-deal

Switching to other digital currencies with "10x potential" might seem like an easy win, but most altcoins don't have the maturity, security, and acceptance that Bitcoin does. Pursuing those speculative gains could mess with the trust they've built around Bitcoin and shake up their crypto experiment.

Would you want to quit a business or something you are doing and which you are seeing a positive result? Like you are making profits, and I doubt if anyone would do so. And before El Salvador dived into Bitcoin and considers it a legal tender and what the future might look like , I believe they must have gone through a series of a legislative debates as they run a democratic system of government. And if at all they want to sell their Bitcoin holdings, I don't think they will sell everything at the same time.

Do you mean all those pump&dump schemes that periodically appear on the market as the next big thing that will change the world of cryptocurrency? They neither make sense, nor do they have any purpose except for the owner and a couple of intelligent investors to get rich by dumping pre-mined coins on naive people at some point.

Bitcoin is more than a money making scheme (at least for me), and I will always prefer to invest in it because I'm not here just for the money. Besides, what did you expect when you ask such questions on the bitcointalk forum? If you want to talk about alts with people who favor them over BTC, there are boards for such discussions.

Looks like history isn't just repeating on the global scale with all these weird conflicts and border changes, but it is also repeating in the Bitcoin world. This feels like a new flippening campaign is starting after a couple of years by altcoin bag-holders. I've seen other signs in altcoin boars too.
I better get some popcorns

El Salvador's citizens are praising their current president, Nayib Bukele, who has been elected for a second time in a row, for his actions against gang crime, dropping the mortality and crime rates by a huge percentage. On top of that, Bitcoin's adoption hasn't been a huge success in El Salvador, except for the fact that the government holds a decent number of Bitcoin, which has now yielded a decent amount of profit for their country. With that being said, your scenario of Bitcoin dropping would result in their president being murdered is purely fiction and unreasonable. Keep in mind that El Salvador is suspected to have bought Bitcoin at an average of $45,000 per coin, and Bitcoin has dropped below that more than once since their purchase.

ETH ETF has also been approved, Saylor is not buying ETH but the giant Blackrock is buying ETH daily along with bitcoin and there is no guarantee that Saylor will not buy ETH in the future. Not to mention other altcoins like XRP, SOL, LINK...Their ETFs will be accepted soon and it's just a matter of time.

Trump is proposing bitcoin as a national reserve strategy but his strategy is to make the US the crypto center of the world. But did you know the Trump family owns an altcoin project called World Liberty Financial?
I list these not to prove that they will outperform bitcoin, I just want to say that bitcoin is not the only valuable thing in the crypto market.

Recently, Trump's project instead of buying Bitcoin, they bought altcoins and if altcoins are useless, why do they buy them?



Source: spotonchain

Go on then, list them for us Bitcoin maxis?
I find it hard to believe that wile everyone has been focussing on Bitcoin, ETF's
being approved, Trump looking at adding Bitcoin to the Governments reserves etc.
that there is these unknown assets out performing Bitcoin - you gotta tell Saylor,
he's definitely going to want to know.


Why is that so hard to believe?
Can you not see what Bitcoin is offering?
Can you not see that its inception Bitcoin has been going up?

What do you expect? You do realize you are asking this question on a bitcoin forum, right?

LOL, for some reason this discussion has brought all of the Bitcoin maxis out of the woodwork. That wasn't my intent   .

Lots of non-Bitcoin digital currencies have outperformed Bitcoin over the last few years--and surely many more will going forward. To believe that Bitcoin only possibly thing that can make you money--or that it absolutely positively will always make you more money--is just crazy.

Altcoins are the equivalent of gambling on penny stocks, or worse.

99% of the activity on ethereum and other altcoins involves the trading of memecoins, NFTs and maybe a few video games.
To me such things are little more than fronts for money laundering and running ponzi schemes.

No government in their right mind would ever invest in such worthless garbage. And neither should any individual.
But sadly there are many suckers in this world which is why altcoins still exist. Bitcoin is the only legit bluechip crypto there is.

It doesn’t work that way. Even if they demand the government to sell and succeed, the government wouldn’t share the profit with them - literally. Government funds are meant for expenditures, typically investments or infrastructure projects that help improve the country’s economy.

And how much is their total Bitcoin holding? Less than $1 billion? Do you think that’s enough to significantly reduce their debts, especially when the profit is only half of that?

You need to look at the bigger picture. They’re not buying Bitcoin like traders. They’re using it to gain global attention, and look, we’re talking about them now.

I'm not sure if you've already answered this, but which other assets would you suggest they buy? Let's assume they made enough profits from BTC and they want to diversify, are you suggesting they buy Legiteum or whatever asset you're promoting with your signature? The claim that it is the world's fastest currency is certainly cool, but that means nothing if no market can provide the liquidity to trade it. If that's the alternative I think they're more than happy to keep buying Bitcoin and sell once in a while, just like most institution who holds some Bitcoin nowadays. CMIIW.

Lets just assume or expect that time will come that they will really be selling out their coins because we do know that they cant hold it up forever on which there would really be funds that needs up for the sake of development and they cant really be holding out their coins forever. This isnt really something shocking with this kind of aspect because government had already set out their plans on when they will be selling out and this isnt shocking news. If they will be selling out then just like been said that effects wont really be that much or major, even if it will be having that significant impact but still the market will really be having its recovery no matter what. This will really be that the same question on what would happen if whales or those big institutions or those billionaires will really be selling out their coins? When it comes into fundamental aspect then we do really know that it will really be giving out that impact towards price condition or situation in the market but it doesn't mean that they could manipulate it out. If it dips then there's always those who do love on buyuing on the dip on which recovery will really be just that next in line. Therefore, when we do speak or talks about selling out coins then they do have the full rights on selling their coins whether they are government or an ordinary joe or investor on the market. Buy high sell low is the most basic stuff on dealing up with the market so it will really be just that depending on their decisions on when they will really be doing it. People are really just that worrying too much about market crash and corrections on which we know that this is something inevitable. We cant really be having a market that it will really be having that single path to take.There's those ups and downs due to that very common reason on which to those who do buy and sell out with these numbers.

I guess if you believe:

1. The Bitcoin will keep going up in price forever and ever.

2. Everybody in El Salvador believes that #1 is true.

3. No asset in the history of mankind, past present or future, can possibly be a better investment than Bitcoin.

4. Everybody in El Salvador believes that #4 is true.

Then... yeah... they will never ever sell their Bitcoin. Ever. LOL  

(OMFG if this isn't proof of a Bitcoin bubble I don't know what is  ).

Yeah, I am pretty sure that nothing will happen in the money sense but the news of it will crash the price without a doubt. We are just loving El Salvador right now and Nayib Bukele, he is a great bitcoiner and he is promoting it like crazy, and if he sells without telling us then I am sure nothing will happen, but of course we will hear about it, so he will tell the world when they do and that will cause panic and make a lot of people get out as well.

I do not think that we will crash too much, not like go back to last year, but it will have some 15-20% drop without a doubt. It's the emotional reaction that will cause people to sell, that's the most important part and because of that I believe that we are going to end up with a bad result if they end up selling.

It seems you don't even understand much about the crypto space. The way we are seeing things, in few years coming there will not be enough Bitcoin for people to purchase because many people are already holding so that can make money from the market volatility. If El Salvador sells there Bitcoin holding, it will flood the market and that is if they have huge holdings but it is not going to have any significant effect on the market because there are people that would buy it immediately making it scarce again. The scarcity of Bitcoin is going to make the price to shoot up increasing the value of every holdings.