Buying $30 in Bitcoin on Tuesday! For El Salvador and for Bitcoin

[DarkDays]

This is a very bad idea - the market is already bullish, so trying to pump Bitcoin even higher for a short term spike will only lead to more volatility, and earlier than expected to the next crash (which will scare away people in El Salvador and elsewhere, maybe even other governments!).

Much better would be: Buy Bitcoin for 30$ in the next dip for solidarity with El Salvador!

Spoke too soon. The flash crash seems to have already occurred just over 2h ago. Could it be that the perpetrators did this on purpose to show the world that legal tender of BTC is a bad idea???

Who knows right, but the FUD seems to have happened, but of course, we still don't know if we're out of the red zone or not. All I know is that this was the fastest dump I have ever seen... and it is times like this that reminds all of us how brutal dumps can be.

[1714846093]

1714846093

[1714846093]

1714846093

[1714846093]

1714846093

[1714846093]

1714846093

[1714846093]

1714846093

[1714846093]

1714846093

[V-t.Ester]

What an excellent act of support of El Salvador Community members we saw today, when BTC decreased from 51 to lower than 45K today. Maybe a lot of traders missed this news yesterday and sale-orders worked when all this army of El Salvador community members started buying BTC and have bought all high orders and started to buy lower and lower orders..

[Imran232]

Oh, it's happening again.
What happened seems like "Buy the rumor, sell the news".
A very huge reason for this dump is El Salvador for sure, a coincidence? Since a lot for sure expected that Bitcoin could pump too hard because one country started buying Bitcoins and starting to use Bitcoin as legal tender but the market dumped.

Yes sir i also shocked after seeing todays dump. That means that line again work " buy the rumor, sell the news" you are right. Just think those person who also believed this news gives a hard pump in the market and go for long option in future trade option. They all becomes ruin if they didn't use stop lose. One if my friend called me and says he thought it is a pump time and he gose for long trade at $50k with his $2k. Now his all money becomes liquidate. He didn't use stop loss too. My friend literally crying on phone. But what can i do i just tell him learn from this mistake and start a new journey.

[Shasha80]

Oh, it's happening again.
What happened seems like "Buy the rumor, sell the news".
A very huge reason for this dump is El Salvador for sure, a coincidence? Since a lot for sure expected that Bitcoin could pump too hard because one country started buying Bitcoins and starting to use Bitcoin as legal tender but the market dumped.

Yes sir i also shocked after seeing todays dump. That means that line again work " buy the rumor, sell the news" you are right. Just think those person who also believed this news gives a hard pump in the market and go for long option in future trade option. They all becomes ruin if they didn't use stop lose. One if my friend called me and says he thought it is a pump time and he gose for long trade at $50k with his $2k. Now his all money becomes liquidate. He didn't use stop loss too. My friend literally crying on phone. But what can i do i just tell him learn from this mistake and start a new journey.

Actually, the incident where the Bitcoin pump was not long after that the dump occurred had often happened before. So we should already understand
the risks of investing in Bitcoin, it is very important to use stop-loss when deciding short-term trading in Bitcoin. But for people who are planning
a long term investment in Bitcoin, there is no need to panic about what is happening now, we just need to buy more Bitcoin now. Because I believe
the price of Bitcoin will recover soon. After all, as long as we don't sell the Bitcoin we have when the price drops, we haven't lost anything.
So just be patient with holding the Bitcoin we have, especially for people who buy Bitcoin above $50k.

[leea-1334]

Please stop seeing Bitcoin as a speculative asset as much as possible; it'd be nice to start having some sort of stabilization now that it starts being a legal tender.

Oh my god,,, Saylor Moon is the funniest thing I have heard all week. But anyway,,, in all reality, it will be impossible for us to stop people from seeing Bitcoin the way the majority of people do. And to be honest I have given up on this and made my acceptance of it.

In a small way, speculators do keep the volumes churning so they are good for the industry anyway. And when they dump and are gone for the next cycle, we can gather in quiet again

[dezoel]

This is really nice. It’s nice to see the crypto community come together in support of El Salvador as the first country that has adopted Bitcoin as a legal tender. I wasn’t aware of this I wasn’t able to follow up with it, but I’m hoping that it really went well. If the cryptocurrency community continues to stand strong behind  El Salvador, then other contests would be moved to also adopt cryptocurrencies as legal tenders.

Although it’s not really a must that every country will adopt it as legal tenders, but it would be good for it to be legally approved for people to use it whenever and wherever they want it. I also hope to see countries that have banned Bitcoin lifted their bans.

[elisabetheva]

This is really nice. It’s nice to see the crypto community come together in support of El Salvador as the first country that has adopted Bitcoin as a legal tender. I wasn’t aware of this I wasn’t able to follow up with it, but I’m hoping that it really went well. If the cryptocurrency community continues to stand strong behind  El Salvador, then other contests would be moved to also adopt cryptocurrencies as legal tenders.

Although it’s not really a must that every country will adopt it as legal tenders, but it would be good for it to be legally approved for people to use it whenever and wherever they want it. I also hope to see countries that have banned Bitcoin lifted their bans.

strongly agree that many communities support what el savador is doing because it also needs recognition for them to be more confident that what they are doing is for the good of the country. because what el savador is doing is something that is quite brave and should be appreciated so that many also believe.

let the momentum carried out by el savador will attract many countries that have actually banned bitcoin to be able to make the country that prohibits it reflect that many benefits will be obtained from the recognition of bitcoin. although it is not easy to be able to make a country will be able to accept it, because many countries still have a fear that bitcoin will be used as a commodity for money laundering from prohibited acts. things like this are also still very influential because a clear legal umbrella must be provided so that there are no incidents of violation.

[Shenzou]

This is what make bitcoin a strong currency that has been only growing over the years and staying strong, its the community and the belief in its cause, and the news about a country accepting bitcoin as a legal tender is a big news for the community because we have been preaching and dreaming about it for years, and supporting this launch to make it successful to prove that it is a good thing, bitcoiners are helping even by a small amount.

[MinoRaiola]

This is what make bitcoin a strong currency that has been only growing over the years and staying strong, its the community and the belief in its cause, and the news about a country accepting bitcoin as a legal tender is a big news for the community because we have been preaching and dreaming about it for years, and supporting this launch to make it successful to prove that it is a good thing, bitcoiners are helping even by a small amount.

I think so too. It creates a great opportunity for donations. As soon as someone from El Salvador sends a QR code, for example from McDonald's, to someone anywhere in the world, they can pay the bill. Worldwide without the problems of different currency, long waiting time to receive the money or very high fees. P2P donation, that is wonderful.

[yohananaomi]

How nice a world we live in if everybody could think that those 3.3 million community members of reddit are all real, or that even they would buy any amount of Bitcoin. Reddit/Twitter are full of shillers and maybe only 10% real people.

Ok this forum also has a lot of fakes but I believe at least 30,000 (1%) of those reddit people are real people here using and buying Bitcoin every day.

Yes, the main obstacle to buying bitcoin is where the price is very high, but if there is a contribution of any amount made by the community, it will certainly be different and it is certain that the value that will be collected is fantastic.
I don't know what the real reddit / twitter community is, but you are right that many fake and double accounts are done by someone. even if it is according to what you say, it is clear that quite a lot can be collected and of course there will be effects that will affect it.

[Chato1977]

is this the reason why the pump happened since yesterday ? this big event on El Salvador as this is almost 100 million dollars worth of bitcoin to be added in capitalization ?

Plans of Slavador government has been known for some time so i doubt that is the reason for price rise. I genuinely think those buys are influenced by recent FOMO. 
I hope El Salvador government will offer some blockchain education to their citizens, because right now crypto knowledge there is pretty poor.

Lol but this that day is the formality of acceptance and also the time where people will be getting 30$ worth of bitcoin each from the government.

so i guess that this is also at some point is the impact .