El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻

[Aanuoluwatofunmi]

103 pages and still counting. It's become a big thread and impossible to read all of them. It's kind of Mega Big thread where spammers post anything about El Salvador. This thread is like merit faucet. Post more news about El Salvador and get merit.

Then maybe i should let you know also that you just constituted in the numbers of those kind of category you've mentioned because what you just posted here doesn't make any sense either, this is a thread that talks all about El-Savador's bitcoin adoption, in case you don't know, there's one also that was being dedicated to Central African Republic bitcoin adoption, but there's no more attention on that due to wether it's still a developing country or bitcoin adoption has not achieved more in that region to talked about, but i can tell you that El-Savador id having a continuous development and things to write about with it's bitcoin adoption, members were but just posting, they are giving more of what is going on to the world to see.

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[wmaurik]

103 pages and still counting. It's become a big thread and impossible to read all of them. It's kind of Mega Big thread where spammers post anything about El Salvador. This thread is like merit faucet. Post more news about El Salvador and get merit.

I don't know why you judge it like that which has never even occurred to me personally and other people. Because if people make new posts here and the discussion is very appropriate to the topic, I think that is very normal and not a problem. But if you are concerned about news updates in El Salvador, you should also be able to point to other places to find out what is happening in El Salvador which is also discussed in this forum.

Instead of blaming other people's posts in this topic and if you blame the achievers who are often seen in this topic, that means you have blamed someone, namely @JayJuanGee and I think that doesn't really make sense to me because JayJuanGee is a person which provides an understanding that is quite open to everyone. So before discussing this too deeply, think again about who you blame because the achievements that have flowed so far are also normal.

[Iranus]

News: President Nayib Bukele has resigned to focus on his 2024 re-election campaign, which will take place in February 2024. Claudia Rodríguez de Guevara will serve as interim president and she is the first woman to assume the role of president in El Salvador.
What do you think will happen to the legalization of bitcoin in El Salvador if Nayib Bukele cannot be re-elected and cannot continue to serve as president in 2024? 2024 is also the year when we will most likely enter the next bull season for bitcoin. Will he continue to be supported by everyone to become president again?
https://cointelegraph.com/news/nayib-bukele-resigns-president-el-salvador

[FinePoine0]

News: President Nayib Bukele has resigned to focus on his 2024 re-election campaign, which will take place in February 2024. Claudia Rodríguez de Guevara will serve as interim president and she is the first woman to assume the role of president in El Salvador.

If Nayib-Bukel rule for so long has benefited the people of El Salvador, then the people will certainly support Nayik-Bukel.  Because I saw a news story about Nayib Bukele hoarding a large amount of bitcoins that will protect El Salvador from the next economic storm.  If people notice all these issues, they will definitely get support in the election of Nayib Bukele.  Did the most work to set up the volcano.

What do you think will happen to the legalization of bitcoin in El Salvador if Nayib Bukele cannot be re-elected and cannot continue to serve as president in 2024? 2024 is also the year when we will most likely enter the next bull season for bitcoin. Will he continue to be supported by everyone to become president again?
https://cointelegraph.com/news/nayib-bukele-resigns-president-el-salvador

El Salvador's President Nayib Buquele, a president who has always been pro-Bitcoin, announced the legalization of Bitcoin legal tender in 2019. Since then people in El Salvador started using and holding large amounts of Bitcoin. The most preferred Bitcoin transaction fees in El Salvador are completely free. Because of all these advantages the people of El Salvador like Nayib Bukele more and he will surely win the election.

Why people will not like Naib Bukele? . There is enough desire to take the country towards progress, it has the knowledge of all things modernization. I think Naib Bukele will definitely win in 2024 election.

[JayJuanGee]

News: President Nayib Bukele has resigned to focus on his 2024 re-election campaign, which will take place in February 2024. Claudia Rodríguez de Guevara will serve as interim president and she is the first woman to assume the role of president in El Salvador.
What do you think will happen to the legalization of bitcoin in El Salvador if Nayib Bukele cannot be re-elected and cannot continue to serve as president in 2024? 2024 is also the year when we will most likely enter the next bull season for bitcoin. Will he continue to be supported by everyone to become president again?
https://cointelegraph.com/news/nayib-bukele-resigns-president-el-salvador

You seem to be asking about less likely scenarios.  So what is your reason to focus on those kinds of matters?

There are various ways that the plan for him to: 1) step down (which is done)
2) campaign and win in February
3) start his next term in June

might not end up playing out... but right now that does not seem to be the base-case scenario... so if you want to speculate about various things that could go wrong, then maybe you need to put odds on the various things that you believe might happen..

And yeah, the future is not guaranteed.. but aren't the odds right now in favor of the above plan playing out?  absent some unforeseen event .. that may or may not happen.. so you want to focus on the unforeseen event then go ahead, list the various unforeseen event scenarios, give each one of them odds and then spend time talking about each of them, including if you believe that if you put together a whole bunch of low odd events, would that help to increase the odds of one of them happening if you combine them all together..? do you ever get to odds that are greater than 50/50, even if you combine all of your speculative events?  

Oh, you don't want to do that kind of work, so you would rather merely ask the question so that some other forum member needs to do that work?  Go on.  You do it.  It's your suggestion that the above plan is not going to play out.. so go ahead, describe your various scenarios.. and provide some actual factual basis rather than pie in the sky speculation for the mere sake of it.

[estenity]

News: President Nayib Bukele has resigned to focus on his 2024 re-election campaign, which will take place in February 2024. Claudia Rodríguez de Guevara will serve as interim president and she is the first woman to assume the role of president in El Salvador.
What do you think will happen to the legalization of bitcoin in El Salvador if Nayib Bukele cannot be re-elected and cannot continue to serve as president in 2024? 2024 is also the year when we will most likely enter the next bull season for bitcoin. Will he continue to be supported by everyone to become president again?
https://cointelegraph.com/news/nayib-bukele-resigns-president-el-salvador

it seems that this resignation was asked by the Supreme Court of Salvador to allow a second "consecutive" term to the same president, so Nayib Bukele just complied as asked by the Supreme  Court.
i have not any precise reference for that, i have seen it on wikipedia.

our  friends living in salvador could easily confirm that, or not.

[Luzin]

it seems that this resignation was asked by the Supreme Court of Salvador to allow a second "consecutive" term to the same president, so Nayib Bukele just complied as asked by the Supreme  Court.
i have not any precise reference for that, i have seen it on wikipedia.

our  friends living in salvador could easily confirm that, or not.

This is because Bukele will run for president in 2024. Therefore he resigned or took a leave of absence to focus on campaigning. This is the first historical application of new regulations that have been decided by the Supreme Court. El Salvador before that a President could only run again after 10 years. Bukele currently follows the new rules. My hope is that he will be re-elected so that their program will continue to grow, especially the Bitcoin problem. Bukele also managed to lower the murder rate. But it highlights human rights issues. I don't know yet who the presidential candidate's opponent is in this campaign. 

Source: https://cointelegraph.com/news/nayib-bukele-resigns-president-el-salvador

[AirtelBuzz]

El Salvador President Bukele says, El Salvador's BTCBitcoin investments are in the black!


The president of El Salvador took to the X platform early Monday morning to note his country's bitcoin (BTC) investment was now profitable by more than $3 million following the crypto's rally to the $42,000 area over the weekend.

El Salvador President also said "We have no intention of selling; that has never been our objective," he added. "We are fully aware that the price will continue to fluctuate in the future, this doesn’t affect our long-term strategy."
source: https://twitter.com/nayibbukele/status/1731653743668572498?t=2s_1CkxehqLs4PX2VjYEhw&s=19

[Aanuoluwatofunmi]

El Salvador President Bukele says, El Salvador's BTCBitcoin investments are in the black!


The president of El Salvador took to the X platform early Monday morning to note his country's bitcoin (BTC) investment was now profitable by more than $3 million following the crypto's rally to the $42,000 area over the weekend.

El Salvador President also said "We have no intention of selling; that has never been our objective," he added. "We are fully aware that the price will continue to fluctuate in the future, this doesn’t affect our long-term strategy."
source: https://twitter.com/nayibbukele/status/1731653743668572498?t=2s_1CkxehqLs4PX2VjYEhw&s=19

Many who had said already that El-Savador is making a vain Investment on bitcoin can not come out to testify on these as well, because people are naturally meant for an antagonistic kind of nature that always rebel against what they did not take in, from the news a read https://twitter.com/WatcherGuru/status/1731668741014827234?t=oRn9tXlRyv5RN7FBu86wGg&s=19 it was understood that El-Savador has realized $3.6 million as profits over bitcoin, this alone shows the continues growth of the bitcoin adoption in the country and how the economy transformation is going to look like in the near future to come, when we are making Investment, it will sound as if we are rendering the money we have useless, but when we begin to see the massive returns that accompany our investment, it will be a total turnaround change of story, we are not yet in the bullrun and this were getting excited already, never miss any opportunity to invest in bitcoin no matter what people say.

[KennyR]

El Salvador President Bukele says, El Salvador's BTCBitcoin investments are in the black!


The president of El Salvador took to the X platform early Monday morning to note his country's bitcoin (BTC) investment was now profitable by more than $3 million following the crypto's rally to the $42,000 area over the weekend.

El Salvador President also said "We have no intention of selling; that has never been our objective," he added. "We are fully aware that the price will continue to fluctuate in the future, this doesn’t affect our long-term strategy."
source: https://twitter.com/nayibbukele/status/1731653743668572498?t=2s_1CkxehqLs4PX2VjYEhw&s=19

His words brief it well, money making out of bitcoin isn't the main objective. He have got big plans with it. From the very beginning he had been strong with bitcoin investment and came destroying all the criticism. At the beginning financial analysts said he hadn't planned well and implemented it. Later the threats came from financial support systems and he never bothered it, even when they pressured to pay the interest on the country's debt. As said he is on a long term plan and I believe the same could change the entire country.

[terrific]

El Salvador President Bukele says, El Salvador's BTCBitcoin investments are in the black!


The president of El Salvador took to the X platform early Monday morning to note his country's bitcoin (BTC) investment was now profitable by more than $3 million following the crypto's rally to the $42,000 area over the weekend.

El Salvador President also said "We have no intention of selling; that has never been our objective," he added. "We are fully aware that the price will continue to fluctuate in the future, this doesn’t affect our long-term strategy."

This is a bold statement coming from the president. I think that he will always remember the mocking of people over his decision of adopting Bitcoin as a legal tender.
Now, he's in that much profit but of course it is nothing compared to the other whales. But remembering that he's a president and he's able to move advance compared to other countries, see, they're doing well. Congrats El Salvador!

[HelliumZ]

El Salvador President Bukele says, El Salvador's BTCBitcoin investments are in the black!


The president of El Salvador took to the X platform early Monday morning to note his country's bitcoin (BTC) investment was now profitable by more than $3 million following the crypto's rally to the $42,000 area over the weekend.

El Salvador President also said "We have no intention of selling; that has never been our objective," he added. "We are fully aware that the price will continue to fluctuate in the future, this doesn’t affect our long-term strategy."
source: https://twitter.com/nayibbukele/status/1731653743668572498?t=2s_1CkxehqLs4PX2VjYEhw&s=19

The president of El Salvador, of Bitcoin City fame, bought bitcoins at different prices (DCA) at an average rate of $40479.81 at various times. Coming to the current situation, EL Salvador has made a profit of $3620277 on the 2381 bitcoins invested. But the president of Salvador will not sell his invested bitcoins yet, instead the president will have the possibility to get the maximum profit on the bitcoin market in the future.

[FinePoine0]

Today, El Salvador is going down like a lead balloon. Thanks to Pres. Bukele's  Bitcoin gamble, El Salvador ranks #1 in countries most likely to default on its debt, according to Visual Capitalist.

[Do or Die]

Nayib Bukele demands apologies as Bitcoin grows bigger than Visa, Tesla and Bank of America

Bitcoin price is now steadily increasing Bitcoin has already crossed 40 thousand dollars.
Bitcoin price noted stellar growth this past year, rising by more than 150% and hitting $42,000 in the past 24 hours. This growth has made Bitcoin the tenth biggest asset in the entire world, imbuing confidence in BTC enthusiasts, including the president of El Salvador, which is evidenced by his recent tweet.

https://www.fxstreet.com/cryptocurrencies/news/nayib-bukele-demands-apologies-as-bitcoin-grows-bigger-than-visa-tesla-and-bank-of-america-202312050105

https://www.talkimg.com/images/2023/12/05/N5s48.jpeg

The president of El Salvador, of Bitcoin City fame, bought bitcoins at different prices (DCA) at an average rate of $40479.81 at various times. Coming to the current situation, EL Salvador has made a profit of $3620277 on the 2381 bitcoins invested. But the president of Salvador will not sell his invested bitcoins yet, instead the president will have the possibility to get the maximum profit on the bitcoin market in the future.

Bukele lashed out at the critics of the country’s Bitcoin strategy, demanding apologies from them. He stated that the responsible thing for naysayers to do would be to “issue retractions, offer apologies, or, at the very least, acknowledge that El Salvador is now yielding a profit.” However, he maintained his position on the future of Bitcoin and the plan of building its country on the back of the cryptocurrency, stating,

“Of course, we have no intention of selling; that has never been our objective. We are fully aware that the price will continue to fluctuate in the future, this doesn’t affect our long-term strategy.

[Fiatless]

Bukele lashed out at the critics of the country’s Bitcoin strategy, demanding apologies from them. He stated that the responsible thing for naysayers to do would be to “issue retractions, offer apologies, or, at the very least, acknowledge that El Salvador is now yielding a profit.” However, he maintained his position on the future of Bitcoin and the plan of building its country on the back of the cryptocurrency, stating,

“Of course, we have no intention of selling; that has never been our objective. We are fully aware that the price will continue to fluctuate in the future, this doesn’t affect our long-term strategy.

It is common for political opposition to criticize the policy of the current leaders especially when these economic decisions are strange. Making Bitcoin a legal tender was an uncommon economic policy and stacking the coins for El Salvador was just insane to some people. When the price began to drop the opposition had so many reasons to attack Nayid Bukele. They even organised rallies and protests to show displeasure over this policy. Many news outlets came with diverse reports of how investing in Bitcoin will devastate the economy of El Salvador. But I don't blame these forces because they were blinded by ignorance.

I think the President of El Salvador deserves an apology for the attacks he suffered from within and outside of critics. And the most striking quality of this BBitcoin believer is that he has a long-term plan for the investment. He is so committed to Bitcoin investment that he might not sell them anytime soon. I also think he deserves an apology from some members of the forum who saw his decision as needless. Some even suggested that he should have invested in his country's infrastructure rather than buying Bitcoin. But today with the profit the country has made, many facilitates could be built if he wants to sell.

[YUriy1991]

At the conference the president of El Salvador makes the announcement.

President of El Salvador, Nayib Bukele: "Next week I will send to congress a bill that will make #bitcoin a legal tender."

https://twitter.com/BitcoinMagazine/status/1401279550538108933?s=19

It cannot be denied that price fluctuations that always occur in the market will always pose a risk for investors or countries who want to follow in El Salvador's footsteps and that is also a strong factor inhibiting mass adoption.

So, what I see and pay attention to is the implied message in the tweet from the president of El Salvador, which shows a good sense of optimism regarding the future for other countries that want to adopt El Salvador's steps in adopting Bitcoin, despite the fact that not all countries want or able to follow in the same footsteps as what El Salvador has done to date.

Further in terms of today's BTC price movement the current Bitcoin price rise above $42,420 is also a good means to explore the intersection between traditional finance and the rapidly evolving cryptocurrency landscape. that it is today.

[2Pizza410000BTC]

El Salvador President Bukele says, El Salvador's BTCBitcoin investments are in the black!


The president of El Salvador took to the X platform early Monday morning to note his country's bitcoin (BTC) investment was now profitable by more than $3 million following the crypto's rally to the $42,000 area over the weekend.

El Salvador President also said "We have no intention of selling; that has never been our objective," he added. "We are fully aware that the price will continue to fluctuate in the future, this doesn’t affect our long-term strategy."
source: https://twitter.com/nayibbukele/status/1731653743668572498?t=2s_1CkxehqLs4PX2VjYEhw&s=19

The president of El Salvador, of Bitcoin City fame, bought bitcoins at different prices (DCA) at an average rate of $40479.81 at various times. Coming to the current situation, EL Salvador has made a profit of $3620277 on the 2381 bitcoins invested. But the president of Salvador will not sell his invested bitcoins yet, instead the president will have the possibility to get the maximum profit on the bitcoin market in the future.

President Nayib Bukele says he is not afraid to invest in Bitcoin. He believes Bitcoin will bring him and his country a lot of success. Has already had success investing in bitcoins in his country. Nayib Bukele of the President he bought Bitcoins using DCA and currently has profited more than 3.6+ million from that investment. Even when the price of Bitcoin fell, President Nayib Bukele had no fear because he knew that Bitcoin would continue to rise for a long time. The asked those who created FUD about Bukele's bitcoin investment to apologize. He also added that those who created the FUD should at least admit that El Salvador is making a profit on their Bitcoin investment. I think those who have created FUD about investing in Bitcoin should apologize. My congratulations to President Nayib Bukele for his bravery.

[Bobrox]

President Nayib Bukele says he is not afraid to invest in Bitcoin. He believes Bitcoin will bring him and his country a lot of success. Has already had success investing in bitcoins in his country. Nayib Bukele of the President he bought Bitcoins using DCA and currently has profited more than 3.6+ million from that investment. Even when the price of Bitcoin fell, President Nayib Bukele had no fear because he knew that Bitcoin would continue to rise for a long time. The asked those who created FUD about Bukele's bitcoin investment to apologize. He also added that those who created the FUD should at least admit that El Salvador is making a profit on their Bitcoin investment. I think those who have created FUD about investing in Bitcoin should apologize. My congratulations to President Nayib Bukele for his bravery.

Believe or not, El Savador president Nayib Bukele have been most success person with bitcoin investment and how his braveness when investing much money in bitcoin exactly after bitcoin crashing around $15,000. Nayib Bukele ever said they will consistency accumulate 1 bitcoin every day since price of bitcoin dropped to $15,000 and comparison with current bitcoin price today almost raise $42,000 I can't imagine how much profitable earned until right now if want to sell all their bitcoin investment.

Actually holder is the winner and Nayib Bukele success make FUD quit when sharing bad news with bitcoin, another side I think Nayeb Bukele have much thanks for all FUD because the El  Savador government get good opportunity for accumulating when bitcoin in lower price. Seems El Savador make Bitcoin as long term investment way although have earned more than 60% profitable since investment bitcoin drop to $15,00 they will not have an ideas for selling their bitcoin investment assets right now.

[Jegileman]

News: President Nayib Bukele has resigned to focus on his 2024 re-election campaign, which will take place in February 2024. Claudia Rodríguez de Guevara will serve as interim president and she is the first woman to assume the role of president in El Salvador.

This country doesn’t practice democratic rules or what? Or is this allowed in a democratic system of government too? I have never heard of president that is in power resigning when his tenure is not yet over to prepare for his/her re-election. I know this will give him a better strategic plan to prepare for his election, but it will still be better to be in power till then, it gives more power and confidence to win amidst the chaos and crises that come with elections.

What do you think will happen to the legalization of bitcoin in El Salvador if Nayib Bukele cannot be re-elected and cannot continue to serve as president in 2024? 2024 is also the year when we will most likely enter the next bull season for bitcoin. Will he continue to be supported by everyone to become president again?
https://cointelegraph.com/news/nayib-bukele-resigns-president-el-salvador

The citizens of the country have shown a lot of interest in the adoption of bitcoin and they can see how bitcoin adoption is thriving and what is been anticipated of bitcoin in the next bull run. Not re-electing him for another time will be a very sad news to the bitcoin community if the next person doesn’t like the idea or adopt his own idea of making bitcoin a legal tender and also investing in it. I wish and pray that he wins the president for another time. I hope and pray for El-Salvador to also be the next bitcoin hub country in the world for their contribution to Bitcoin adoption.

[Aanuoluwatofunmi]

Bukele lashed out at the critics of the country’s Bitcoin strategy, demanding apologies from them. He stated that the responsible thing for naysayers to do would be to “issue retractions, offer apologies, or, at the very least, acknowledge that El Salvador is now yielding a profit.” However, he maintained his position on the future of Bitcoin and the plan of building its country on the back of the cryptocurrency, stating,

“Of course, we have no intention of selling; that has never been our objective. We are fully aware that the price will continue to fluctuate in the future, this doesn’t affect our long-term strategy.

It is common for political opposition to criticize the policy of the current leaders especially when these economic decisions are strange. Making Bitcoin a legal tender was an uncommon economic policy and stacking the coins for El Salvador was just insane to some people. When the price began to drop the opposition had so many reasons to attack Nayid Bukele. They even organised rallies and protests to show displeasure over this policy. Many news outlets came with diverse reports of how investing in Bitcoin will devastate the economy of El Salvador. But I don't blame these forces because they were blinded by ignorance.

I think the President of El Salvador deserves an apology for the attacks he suffered from within and outside of critics. And the most striking quality of this BBitcoin believer is that he has a long-term plan for the investment. He is so committed to Bitcoin investment that he might not sell them anytime soon. I also think he deserves an apology from some members of the forum who saw his decision as needless. Some even suggested that he should have invested in his country's infrastructure rather than buying Bitcoin. But today with the profit the country has made, many facilitates could be built if he wants to sell.

As a leader, it's not a must that you should always follow the people's directives because sometimes they may be misleading as well, being a leader, you're saddled with the responsibility of taking an effective decision on the country's best of interest because you're being seen as someone who is best fit in leading the people and in taking a frontline decision that others will benefit from, this are the kind of traits El-Savador's president, Nayib Bukele is very good at.

Even if the people among others that have insulted him in the past are unwilling to make an apology, doing such or not doing so does not make him loose what he has acquired as being a leader, we should expect critics from everywhere being in a leadership position, those are the pillars that makes one strong and determined for pursuing after excellence, because they are just for a short time compared to where we are going with the task ahead.