El Salvador run or survive?

[Dhaniii]

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?

[Fundamentals Of]

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.

[jossiel]

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.

In fact, they've just announced that they've bought recently through Bukele's twitter account.

[mk4]

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.

[kayiboyu]

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.

[NeuroticFish]

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.

I think that you meant Nayib Bukele, which is the president of the country called El Salvador.

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?

While all his moves were great, they do bear a big amount of risk. And with bitcoin price falling, I guess that his problems with the opposition may get even bigger; the bitcoin buys are already getting investigated.
On the other hand, if he manages to explain that they will be saving a lot of money on the long term with his moves and if bitcoin price reaches much higher levels, making the country's initial investment worthwhile, then he's (more than) good.
I don't know how the politics are in El Salvador, I don't know how strong is the opposition and I don't know when will the new elections be in El Salvador. Hopefully there's enough time for the things settle and get on the right track there. He will probably not sell unless forced by the opposition. What will the opposition do... we'll see when they'll rule the country.

[Wexnident]

I don't think market fluctuations are enough of an influence for the country to be persuaded unless the majority actually want to stop investing. At that point, I'd reckon they'd have taken the loss by exiting the market just like that. In the first place, I don't think they would have invested in Bitcoin without even knowing what it's all about. It's been a decade, the market has seen many ups and downs and is a well known investment to be very volatile, I'm pretty sure the people there aren't that bunch of an idiots, they're running a country, I'd reckon they'd have enough research and understanding to know what risks they're actually taking.

[davis196]

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?

I think that we should stop being so focused on El Salvador.
El Salvador will be fine.Making 100 forum posts a day speculating about
"Will El Salvador do this?Will El Salvador do that?" doesn't help for raising the quality of the discussions,which are happening on this forum.
OP I don't understand parts of your post.What do you mean by "he has strong principles against the large number of bitcoin adopters after he legalized bitcoin"?
Do you mean that president Bukele legalized Bitcoin,because he has strong principles against the Bitcoin adopters?This doesn't make any sense.

[ultrloa]

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?

They should be fine knowing bitcoin is at good shape once price became stable nor in good position after the bad drops happening on it and I understand that maybe majority of them will get panic about this situation since majority of them are not actually a bitcoin user they are j new adopters since there government legalize it but for sure they can survive knowing that bitcoin is already strong and steady.

[hugeblack]

El Salvador is taking fast steps and I don't know if they are right or not, buying 700BTC and keeping them as a reserve is not too many risky for a country.

the question is whether this will be a trend for Nayib Bukele (president of El Salvador,) or it will end with the end by the government period, and then the next government may sell these amounts at a price lower than the current price.

In general, the possibility of achieving losses is out of the question, which is a good direction for those who want to take risks, as I do not think that a country will do so without making calculations and expectations regarding the price.

[LogitechMouse]

They are holding 700BTC and for me who isn't holding too much Bitcoins, it is a very huge amount of Bitcoin.
Either way, the current dip is a dip that their President can sleep with it. Either way, their President will not enter into an investment that isn't know at all.

I believe that before he entered and invested into Bitcoin, he learned how it moves and its history. There is no need to run because Bitcoin will survive. There are some risks with it yes but I think that they can get over it .

[rahmatrf331]

They are holding 700BTC and for me who isn't holding too much Bitcoins, it is a very huge amount of Bitcoin.
Either way, the current dip is a dip that their President can sleep with it. Either way, their President will not enter into an investment that isn't know at all.

I believe that before he entered and invested into Bitcoin, he learned how it moves and its history. There is no need to run because Bitcoin will survive. There are some risks with it yes but I think that they can get over it .

I also have the same opinion as you, the president of El Salvador before investing of course he has first understood the history of bitcoin. yesterday's price drop is not a problem for them, funds invested by the president of El Salvador are reserve funds aimed at long-term investments.

[uneng]

El Salvador continues buying more bitcoins despite the most recent crash. As the president stated, "they can never beat you if you buy the dips", concluding next is a "presidential advice". I can imagine how banks, public employees and people in general who don't understand the volatility of the market must be mad on him for putting even more public funds in bitcoin.
A crash like this might trigger another wave of protests in El Salvador against bitcoin and Bukele. Actually he has been already accused of implementing a dictatorship in the country. I don't know if this information proceeds though.

[cryptomaniac_xxx]

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!

I'm under the impression that when it was reported that they bought the dip, it doesn't mean that they are going to have bitcoin as an asset reserved. I speculated that the amount of bitcoin they buy is for those citizens they haven't given the supposedly $30 worth of BTC. So there's no issue with the government as far as price fluctuations.

What do you think about El Salvador amid price fluctuations?

It could be risky for them, nevertheless the real winner here is El Salvadorian who are going to dab themselves into bitcoin as a store of value. As far as their merchants, the same, they just have to hold on it. So I guess El Salvador will survived amid this current price fluctuations.

[Fundamentals Of]

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!

I'm under the impression that when it was reported that they bought the dip, it doesn't mean that they are going to have bitcoin as an asset reserved. I speculated that the amount of bitcoin they buy is for those citizens they haven't given the supposedly $30 worth of BTC. So there's no issue with the government as far as price fluctuations.

I would rather prefer that the government will have the Bitcoin it bought during the dip to be used as a reserved asset rather than as a dole out to the people. As a reserved asset, at least the government could release it as soon as it has already grown in price significantly. But as a dole out, a lot will definitely be converting the BTC to USD even with a loss. Buying the dip is gone wasted.

What do you think about El Salvador amid price fluctuations?

It could be risky for them, nevertheless the real winner here is El Salvadorian who are going to dab themselves into bitcoin as a store of value. As far as their merchants, the same, they just have to hold on it. So I guess El Salvador will survived amid this current price fluctuations.

The El Salvadorans are the real winners only if they appreciate Bitcoin as a store of value. But if they are accepting the free $30 and convert them immediately into fiat, price fluctuations mattered a lot. The opportunity to have the BTC grow in value is wasted.

[cryptomaniac_xxx]

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!

I'm under the impression that when it was reported that they bought the dip, it doesn't mean that they are going to have bitcoin as an asset reserved. I speculated that the amount of bitcoin they buy is for those citizens they haven't given the supposedly $30 worth of BTC. So there's no issue with the government as far as price fluctuations.

I would rather prefer that the government will have the Bitcoin it bought during the dip to be used as a reserved asset rather than as a dole out to the people. As a reserved asset, at least the government could release it as soon as it has already grown in price significantly. But as a dole out, a lot will definitely be converting the BTC to USD even with a loss. Buying the dip is gone wasted.

Of course they might put their money in bitcoin as a reserved assets. But you have to understand that the President announced that they will give $30 worth of bitcoin. And I'm under the impressive that it will not be an one time airdrop, it might take little by little. So they bought that dip to maybe give the second round for those people who haven't received it yet. People can't wait, if the government said that they will give it by this month, they have to, otherwise we will see another set of protest in the street saying that they haven't received their bitcoin. And then when everyone received it, then it is the time to buy the dip and put it as a reserved.

[Oasisman]

Well, what I think is that El Salvador won't survive using Bitcoin as a medium of exchange or expect people to actually use it to buy something in a daily basis. Of course people would always think Bitcoin as a store of value due to its high volality.

Now, If you think Bukele won't survive the market fluctuations, the answer is, he will. He bought the dip so what would you expect? He's not gonna dump those Btc. He knew how huge the possibility for Bitcoin to hit the 6 digit figure in the future.

[kotajikikox]

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?

El Salvador is going nowhere but to stand by that decision , they have already passed that Law adopting and making bitcoin as legal tender so no matter what happened they will  still keep it there.
fluctuation will happen even if they don't adopt bitcoin so what bothers you in this sentiment mate?
their position is strong even if there are rallies here and there yet nothing can stop them from using bitcoin.

[samcrypto]

Well, what I think is that El Salvador won't survive using Bitcoin as a medium of exchange or expect people to actually use it to buy something in a daily basis. Of course people would always think Bitcoin as a store of value due to its high volality.

Now, If you think Bukele won't survive the market fluctuations, the answer is, he will. He bought the dip so what would you expect? He's not gonna dump those Btc. He knew how huge the possibility for Bitcoin to hit the 6 digit figure in the future.

They understand this for sure, this is the real problem with Bitcoin because of its fluctuations it becomes as a store value and people are not using it for their daily spending because they know its real value, we this will be a huge challenge for El Salvador on how they can encourage their people to actually buy and spend it.

Anyway, its too early for them to leave the market I believe they are buying more during the dip and that’s the best thing they can do during bear. They’ll succeed on this, many country will follow.

[aoluain]

Also remember Bitcoin wasnt introduced to replace the Dollar, its purely optional to use
by each and every citizen. The people who are going to use it should surely be aware
of its "volatility".

Anyone who understands this should be able to "zoom out" and look at the bigger picture.

Also the people who embrace this will do so to their own advantage.