El Salvador run or survive?

[asrinur]

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?

In the midst of fluctuating market conditions, El Salvador has returned to buying bitcoins. El Salvador bought bitcoin during the recent downturn where the price fell below $45,000. El Salvador thinks and believes that this new initiative will change the lives of its citizens, especially those who rely heavily on remittances to send and receive money from abroad.

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[Kong Hey Pakboy]

They will survive, it's not like they've done an all in with bitcoin that if it doesn't go where they want it to be, they're whole country will collapse and to be honest, I think that it's in our best interest that they're going to survive because if they become a success, more countries will follow and the prominence of bitcoin will rise much higher.

[Devifajarina]

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?

If bitcoin has been legalized in that country, then the opportunity for bitcoin in that country will continue to grow, even for investors in this country starting to think of ways to make purchases in large quantities to be mined, this condition will be exploited when it is over, investors will take advantage of them, such conditions will make them survive and will not sell existing bitcoins, this is the condition that investors from these countries have been waiting for.

[wxa7115]

Does El Salvador have naturally wasted energy, inaccessible in some way would be well purposed to mine.   Thats the ideal, I hope they can gain on multiple fronts perhaps having an open atmosphere for development and infrastructure would be enough.  Good timing when China chooses to go with another idea of digital centralized currency, a concept entirely not new seems like but benefitting the rest of the world by displacing any natural talent they had accumulated.

Right now the price has been going sideways but hinted it can retreat from 48k as a ceiling for now.

In fact they do, El Salvador has 20 volcanoes and they could use geothermal sources of energy to mine bitcoin, and in fact they are already doing it, Bukele announced this and while most likely the program is small now this could be the beginning of the mining industry at El Salvador.

Imagine the development this could bring to their country as mining companies move there not only for the energy but the friendly regulations, I do not know if this is enough as we know that miners need to be incredibly efficient to remain competitive, but this is a start, and even if they cannot attract private miners the government of El Salvador could have its own mining company which is great news.



https://cryptonews.net/en/news/mining/2045291/

[lepbagong]

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?

It is not easy to take action by a developing country such as Elsavador to be able to accept bitcoin as a legal tender, because there are many rules that need to be prepared in advance because obviously not all people already know about bitcoin. but commendable actions taken for the welfare of society in the future.

In the midst of fluctuating market conditions, El Salvador has returned to buying bitcoins. El Salvador bought bitcoin during the recent downturn where the price fell below $45,000. El Salvador thinks and believes that this new initiative will change the lives of its citizens, especially those who rely heavily on remittances to send and receive money from abroad.

The benefits carried out by a country such as Elsavador will certainly be very helpful for the country's economy in the future, indeed it is not felt at all now because it has just started to ratify bitcoin as a legal medium of exchange that is recognized by them.
at least what is being done is a new chapter with the aim of a bright future, because clearly the benefits will be felt for the country and society. at least there is a fairly high savings from money transfer transactions made by the public every year.

hopefully what is done by the elavador country will be followed by other countries and will make bitcoin continue to be excited because good news appears to stimulate investors to want to invest in bitcoin, moreover the price at that time was quite friendly. hope that this will make prices increase gradually until the end of this year.

[Dhaniii]

as you guys said that the president of el Salvador will persist to adopt bitcoin when the price fluctuates and is never afraid of the market conditions often falling. El Salvador plans long-term deposits and plans to adopt more. This is very fantastic in increasing the country's economy.

[Reatim]

as you guys said that the president of el Salvador will persist to adopt bitcoin when the price fluctuates and is never afraid of the market conditions often falling. El Salvador plans long-term deposits and plans to adopt more. This is very fantastic in increasing the country's economy.

Before they decide to enter adopt Bitcoin as legal tender , they already knew and studied the volatility and decentralization of crypto meaning failing is part of the game and whenever there is issue , the team is ready to accept and and prepare for the counter.
and besides i believe that the main objective only of EL Salvador in accepting bitcoin is their people that works overseas to easily send money to their love ones.

[MarjorieZimmermanGinger]

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?

Legalization carried out by the State cannot be separated from the results of an in-depth study, so that the impact of the legalization of bitcoin does not have an impact on the financial sector, government and culture, on the other hand there are good impacts and opportunities for countries that do it, the fluctuation conditions that occur when this, has not provided an answer from selling or holding bitcoins. This is because countries that have started legalizing bitcoin as a medium of exchange have become big investors to hold existing bitcoins, so that these conditions will continue to be used and utilized in the future.

[DU18]

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?

Legalization carried out by the State cannot be separated from the results of an in-depth study, so that the impact of the legalization of bitcoin does not have an impact on the financial sector, government and culture, on the other hand there are good impacts and opportunities for countries that do it, the fluctuation conditions that occur when this, has not provided an answer from selling or holding bitcoins. This is because countries that have started legalizing bitcoin as a medium of exchange have become big investors to hold existing bitcoins, so that these conditions will continue to be used and utilized in the future.

I think before deciding to legalize bitcoin, of course the government of el salvador has conducted an assessment of the benefits and disadvantages they can get, but in my opinion, but the chaos that is happening in el salvador right now is probably only because of the lack of education from the government for some el salvador residents who do not understand blockchain or bitcoin technology, but gradually people will be able to and get used to using bitcoin later. Reportedly even now the government of El Salvador is starting to mine bitcoin in an extraordinary way, namely by using the thermal energy of volcano, if this is successful it will certainly make the foreign exchange income of El Salvador even bigger.

[jaberwock]

It's a good thing that El Salvador knows exactly on how to make bitcoin more useful to the people, not just as a currency alone, but also in investing and mining bitcoin. Maybe there is an abundant supply of geothermal energy in their country so they will surely make use of it on its advantage. I can sense that Bukele is really true to serve his people despite of the issues against him. He might have a lot of bitcoin in his own wallet but i know he won't make use the people of EL Salvador for his own personal desires. So with this current price fluctuations, i know El Salvador will definitely survive amidst the crisis.

They are smart about crypto, they did not get in just for the fun of it, they are aware of the situation and they are aware that it may have some downs as well. Even the president himself called a big fall as soon as they make it official and that actually happened, which shows how savvy he is when it comes to crypto. Don't get me wrong I am not living there and I have zero idea about politics in El Salvador, maybe he is a good president or maybe he is a horrible one and I can't speak about it.

However, the only thing I know about him is the fact that they are serious about crypto and did their research before they got in. If only ever crypto investor made as much research on the subject as they did before they go in, we would have less people making a profit.

[yohananaomi]

honestly this movement of El salvador is buying bitcoin without making the proper technical Is fundamental analysis and a bad move, days ago I read that the president of el salvador bought bitcoin when the price dropped to $45000, I remember at the time I commented that if the price of bitcoin dropped to $42000 then the president of El salvador would be frowned upon because he bought it when the price was high and then the price went down, that doesn't look good.

if it is like what you said has happened, of course it is a risk experienced by anyone who makes a purchase, where then the price can go up or down again. So the policy that was made when buying $45K, maybe it could be that the Elsavador leadership felt full of confidence that the price would not go down and would increase eventually.

now if you see the price of bitcoin starting to move away from the crucial price that is always difficult to pass at the price of $50K, it is clear that this brings luck to the leadership of elavador, because he made no wrong decisions and believes that bitcoin will continue to increase.
hopefully what is done will be beneficial for the country and at least will make bitcoin will be lifted to continue to increase.

[Lanatsa]

honestly this movement of El salvador is buying bitcoin without making the proper technical Is fundamental analysis and a bad move, days ago I read that the president of el salvador bought bitcoin when the price dropped to $45000, I remember at the time I commented that if the price of bitcoin dropped to $42000 then the president of El salvador would be frowned upon because he bought it when the price was high and then the price went down, that doesn't look good.

if it is like what you said has happened, of course it is a risk experienced by anyone who makes a purchase, where then the price can go up or down again. So the policy that was made when buying $45K, maybe it could be that the Elsavador leadership felt full of confidence that the price would not go down and would increase eventually.

now if you see the price of bitcoin starting to move away from the crucial price that is always difficult to pass at the price of $50K, it is clear that this brings luck to the leadership of elavador, because he made no wrong decisions and believes that bitcoin will continue to increase.
hopefully what is done will be beneficial for the country and at least will make bitcoin will be lifted to continue to increase.

They are already aware of it because they cant just make out some acceptance or kind of decision if they weren't really that ready nor prepared in regards with volatility issues.Of course they wont really be
running away easily but instead they would really see this rather as an opportunity to accumulate more cheaper coins.

They are prepared for that and we shouldn't stressed out on how they would resolved these volatility issues or simply would able to handle it out.Its too early to ran away
or would really changed up their minds.

[Natalim]

honestly this movement of El salvador is buying bitcoin without making the proper technical Is fundamental analysis and a bad move, days ago I read that the president of el salvador bought bitcoin when the price dropped to $45000, I remember at the time I commented that if the price of bitcoin dropped to $42000 then the president of El salvador would be frowned upon because he bought it when the price was high and then the price went down, that doesn't look good.

if it is like what you said has happened, of course it is a risk experienced by anyone who makes a purchase, where then the price can go up or down again. So the policy that was made when buying $45K, maybe it could be that the Elsavador leadership felt full of confidence that the price would not go down and would increase eventually.

now if you see the price of bitcoin starting to move away from the crucial price that is always difficult to pass at the price of $50K, it is clear that this brings luck to the leadership of elavador, because he made no wrong decisions and believes that bitcoin will continue to increase.
hopefully what is done will be beneficial for the country and at least will make bitcoin will be lifted to continue to increase.

I do believe in the strong confidence of Bukele that when he decided to buy bitcoin even at its high price, i know he has set already his plan before that. Luckily, the price eventually went up again and is even gaining more momentum to go up even more.

With the fearful spirit of Bukele to run El Salvador, i know this country will gain more progress in the long run. And the good thing is it will eventually change the mindset of people for those who are against bitcoin.

[ultrloa]

honestly this movement of El salvador is buying bitcoin without making the proper technical Is fundamental analysis and a bad move, days ago I read that the president of el salvador bought bitcoin when the price dropped to $45000, I remember at the time I commented that if the price of bitcoin dropped to $42000 then the president of El salvador would be frowned upon because he bought it when the price was high and then the price went down, that doesn't look good.

if it is like what you said has happened, of course it is a risk experienced by anyone who makes a purchase, where then the price can go up or down again. So the policy that was made when buying $45K, maybe it could be that the Elsavador leadership felt full of confidence that the price would not go down and would increase eventually.

now if you see the price of bitcoin starting to move away from the crucial price that is always difficult to pass at the price of $50K, it is clear that this brings luck to the leadership of elavador, because he made no wrong decisions and believes that bitcoin will continue to increase.
hopefully what is done will be beneficial for the country and at least will make bitcoin will be lifted to continue to increase.

I do believe in the strong confidence of Bukele that when he decided to buy bitcoin even at its high price, i know he has set already his plan before that. Luckily, the price eventually went up again and is even gaining more momentum to go up even more.

With the fearful spirit of Bukele to run El Salvador, i know this country will gain more progress in the long run. And the good thing is it will eventually change the mindset of people for those who are against bitcoin.

I know they are smart and do proper critical studies towards this adoption so for sure even if market drops for the meantime for sure there government knows the next action to do and there's really nothing to worry about bitcoin since we already know that eventhough how many times it dump the recovery is always there that's why we can say that in the long run on this adoption El Salvador will get a good progress to this knowing that bitcoin gives a high provability of high returns to its holders.

[STT]

Uptrend intact vs downtrend pattern so far, I had thought it might falter before now but so far its been strong action.  Kept above the 12hr average the whole day



This is weekly bars, big picture or as big as most might consider in a very simple take.  This is about a year and we are tackling these relatively long term highs without much drama so far.  The fly in the ointment might be that volume is not enough and we have a 200 day average declining, so I would guess its not a breakout scenario just yet but all the same strong action is occurring in such a challenge.

Volume chart or bars here could also be drawn as a trend and its declined.   A decline in volume while price rises is not ideal for overcoming resistance, it can still occur but caution might be advised while relying on the continuation I guess.

[btc_angela]

as you guys said that the president of el Salvador will persist to adopt bitcoin when the price fluctuates and is never afraid of the market conditions often falling. El Salvador plans long-term deposits and plans to adopt more. This is very fantastic in increasing the country's economy.

Lol, I wouldn't say that the President is not afraid of the price fluctuation, everyone does, even the strongest hand out there, I think seeing your portfolio is not good and might trigger some thoughts of selling.

As far as the economy, you can't measure it in 2-3 years, it must be long term. They've put up on bitcoin when we are in a bullrun? What will happen to the country's economy when we goes on a another 3 long year bear market? I think that will be the biggest test for El Salvador.

[jossiel]

They will survive, it's not like they've done an all in with bitcoin that if it doesn't go where they want it to be, they're whole country will collapse and to be honest, I think that it's in our best interest that they're going to survive because if they become a success, more countries will follow and the prominence of bitcoin will rise much higher.

They'll surely survive.

Whoever is the first mover does have the advantage and so El Salvador has all the advantages upon the declaration. It's odd for the other countries but we can't deny that they got balls, unlike the other countries.

[barbara44]

They may not have enough energy, which is a big problem but they also do not have enough money for it as well and that is the main problem. If they had enough money, they could have used solar, wind and hydro energy creation which is renewable and that would be bringing them enough energy in itself, without needing to ask energy from other nations and they would be able to sustainable for all the people living in their nation AND mining bitcoin at the same time.

If you ask me, they need to first focus on being energy independent and if they can achieve that, they could focus on mining later on. There is no shame in postponing an idea, they can still do it later on.

[Botnake]

They will survive, it's not like they've done an all in with bitcoin that if it doesn't go where they want it to be, they're whole country will collapse and to be honest, I think that it's in our best interest that they're going to survive because if they become a success, more countries will follow and the prominence of bitcoin will rise much higher.

They'll surely survive.

Whoever is the first mover does have the advantage and so El Salvador has all the advantages upon the declaration. It's odd for the other countries but we can't deny that they got balls, unlike the other countries.

I can sense that El Salvador will definitely survive from its own battle. I know how they struggled so that everything will work out and with this bullish time, seems like this will pave the way for some citizens to value bitcoin more than fiat not just of its high price at the present but more on its countless benefits compared to fiat which is greatly affected with inflation.  And the higher chances for this nation to come out successful, then this will encourage other countries too to start accepting bitcoin as  a medium of exchange.

[Shasha80]

They will survive, it's not like they've done an all in with bitcoin that if it doesn't go where they want it to be, they're whole country will collapse and to be honest, I think that it's in our best interest that they're going to survive because if they become a success, more countries will follow and the prominence of bitcoin will rise much higher.

They'll surely survive.

Whoever is the first mover does have the advantage and so El Salvador has all the advantages upon the declaration. It's odd for the other countries but we can't deny that they got balls, unlike the other countries.

I have the same belief that El Salvador will survive and stick with its decision to make Bitcoin a legal tender. Because the government of El Salvador
did make the right decisions, but many other countries do not dare to do so. The courage of the El Salvador government must have had careful planning,
I believe the government of El Salvador has thought about the risks it faces, before deciding to legalize Bitcoin as a legal tender. So I believe
El Salvador will be a great country with a bold decision, and there will be times when other countries will follow in the footsteps of what El Salvador
has done. With Bitcoin price looking bullish right now, make the country of El Salvador benefit and of course El Salvador will survive.