44 countries will meet in El Salvador to discuss Bitcoin

[Captain Corporate]

When you are a big nation and you have funds that you could store and not even care about, then you become a great long term holder that wouldn't worry about anything else. When you are a great long term holder then you do not even have "predictions", but more like future profits not recouped yet. People literally take loans against the stocks they own in the US, not an easy thing to do but if you are rich enough then they let you do it, because they know that they could liquidate you and thats fine. So long story short, El Salvador knows what they are doing, its not a prediction if you can wait 10 years or more, and as long as president stays the same or the new one doesn't change mind, then this is going to be super profitable for them.

[1714637201]

1714637201

[1714637201]

1714637201

[1714637201]

1714637201

[Nrcewker]

It won't be a surprise if one or two of the countries of this list end up having Bitcoin as a legal tender in the near future.

Yes definitely after the meeting we will some smaller countries accepting Bitcoins officially as a tender.
This is a great revolutionary movement, and we should praise El Salvador for this.
Earlier El Salvador took the advantage of bear market and bought hundreds of coins, now this time they will hold it until Bitcoins recover to their original price. This will surely motivate other economical backward countries to invest in Bitcoins and digital currency.
Let’s see what outcomes come from the meeting.

[Marvell1]

The name El-Salvador will never be omitted or forgotten in the history of Bitcoin for her bold move for being the first country to make Bitcoin a legal tender in the world. Up until now, it never stop paving ways for other countries and institutions.

It must be appreciated what the leaders of Elsavador have done by adopting bitcoin as a legal tender, because as a leader, they must always have a visionary mission to see the future that will happen.

Nayib Bukele, president of El Salvador has a far-sighted view, that bitcoin will be able to help the economy for his country. Although this action has been criticized a lot but as a leader who knows what will happen in the future with bitcoin, of course he will do it wisely and measuredly.

hopefully what elsavador is doing will continue to be followed by many other countries and will make bitcoin trusted and able to compete in the future, of course it is not easy to convince all parties of this.

Bitcoin is going through a winter, most people's wealth is down and Elsavador is not immune to doubts about their bitcoin holdings. But I believe that once the bear season is over and the bull season comes, when bitcoin will bounce back and generate $100k ATH as everyone has predicted, then all doubts about El Salvador will be removed. I am confident that at least two or three of these 44 countries will follow El Salvador's example.
As long as bitcoin rebounds and Elsavador proves they were right to accept bitcoin, the bitcoin effect of the legal tender will quickly spread.

[tygeade]

It won't be a surprise if one or two of the countries of this list end up having Bitcoin as a legal tender in the near future.

Yes definitely after the meeting we will some smaller countries accepting Bitcoins officially as a tender.
This is a great revolutionary movement, and we should praise El Salvador for this.
Earlier El Salvador took the advantage of bear market and bought hundreds of coins, now this time they will hold it until Bitcoins recover to their original price. This will surely motivate other economical backward countries to invest in Bitcoins and digital currency.
Let’s see what outcomes come from the meeting.

I do hope that El Salvador knows what they are doing, if they keep doing something that doesn't really mean much, then we are not going to end up seeing more nations that go with bitcoin in the long run. However, if we are going to end up seeing how the system works and El Salvador making money from it and promoting it, then we are going to see many other smaller nations that go into it with them.

So, what they are doing is very important, it will decide the direction of all other nations and it will take a while before we could actually do something about it. What I hope really is that the president stays another term, because new one could sell it right away.

[uchegod-21]

Before now I was seeing El Salvador president as an ordinary bitcoin enthusiasts who out of his love for bitcoin made his country to accept bitcoin as legal tender. But when he began to buy deep even when he previously bought high and being criticised by many people I began to understand he is more than an ordinary bitcoin man.
Inviting upto 44 countries to his country for bitcoin conference is making me think that he is my elder brother (Satoshi) . This is a good development.
I saw my country in the list - Nigeria and I am happy, but it seems that it is mostly Africa countries or under developed countries that are on the list.

[Morosophy]

Crypto winters are not finished yet, though the market is trying to correct itself. El Salvador needs to be optimistic about their holdings that soon this will be over and the market will go uptrend again.

[pooya87]

Crypto winters are not finished yet, though the market is trying to correct itself. El Salvador needs to be optimistic about their holdings that soon this will be over and the market will go uptrend again.

Crypto winter is never going to end, the altcoins will continue to dump until they die and replaced by new altcoins. If it were anything other than this we would have had a million altcoins on exchanges instead of a thousand!

Bitcoin on the other hand which is what all these countries are interested in, is going to rise in the long run and it has nothing to do with optimism, it is facts based on the unique and useful utilities that bitcoin provides.

[wmaurik]

Crypto winters are not finished yet, though the market is trying to correct itself. El Salvador needs to be optimistic about their holdings that soon this will be over and the market will go uptrend again.

El Salvador has long been optimistic on Bitcoin and I have also never seen any concerns raised on the part of El Salvador, so there is no need to say to remain optimistic about El Salvador because the government of El Salvador has long been very optimistic about their holdings and that I think they are ( El Salvador) will forever be optimistic about Bitcoin and its holdings forever.

[348Judah]

Have we even sat down to think about the reasons behind the meeting of about 44 countries in El-Savador aside the said discussion about bitcoin the media reports, from my perspective, when you take a unique and drastic steps seeming stupid in the eyes of others but you are good, ok a d contempted about your decisions it calls for attention, many bitcoiners, entrepreneurs, inventors and businessmen would have deliberate about Nayib Bukele actions and found it interesting enough to learn from, you must try something new to be a legend, this leadership from El-Savador's president Bukele is another creative lessons they all come around to learn but not only in learning but seing it as well with regards to their bitcoin adoption, am sure they all had something tangible as take home to their various countries after the meeting.

[buwaytress]

I saw my country in the list - Nigeria and I am happy, but it seems that it is mostly Africa countries or under developed countries that are on the list.

Least you get excited seeing your country on GXX lists, it just gives me a wry smile each time mine appears. Hand holding, back slapping, money to be made for them and not for their people. Bitcoin doesn't need the state to but Bitcoin and hold it, or give the people more handouts, they need the state to fix the structures from scratch and allow, not control, Bitcoin (which, really, believe me, is what G20, G44, G7, etc will always be about).

[TribalBob]

Crypto winters are not finished yet, though the market is trying to correct itself. El Salvador needs to be optimistic about their holdings that soon this will be over and the market will go uptrend again.

the winter will never end, where many new projects for altcoin keep coming to occupy their best positions, but the fact is that many have retreated and died,
el salvador itself as we know they are very optimistic that bitcoin will again reach ATH and it will provide multiple benefits in their country, even though BTC is currently experiencing a decline and making their country's assets also go into crisis

[Stella Mese]

with the gathering of big people and important people from various countries this is good news, now the name bitcoin has become increasingly popular in this world so that many countries have adopted it and because they all see the great potential in bitcoin, and this is also good news for the public. Bitcoin investors, myself included, are delighted to hear this news. and I think bitcoin will be more successful in the future.

[Doan9269]

BTC is currently experiencing a decline and making their country's assets also go into crisis

how do you come into concluding on this one, even without bitcoin adoption each country has their economic challenges on how its been run and many still go more in debt, but aside the previous ones before the adoption of bitcoin as a legal tender in El-Savador, I've not heard from the news that it went ahead in seeking for another loan, remember they don't solely rely on bitcoin for their economic sustainability, there are other means of steady income.

[Webetcoins]

Crypto winters are not finished yet, though the market is trying to correct itself. El Salvador needs to be optimistic about their holdings that soon this will be over and the market will go uptrend again.

Crypto winter is never going to end, the altcoins will continue to dump until they die and replaced by new altcoins. If it were anything other than this we would have had a million altcoins on exchanges instead of a thousand!

Bitcoin on the other hand which is what all these countries are interested in, is going to rise in the long run and it has nothing to do with optimism, it is facts based on the unique and useful utilities that bitcoin provides.

I do not think that "all" will die, sure there will be plenty that dies and they become smaller, but the reality is that stuff like eth or bnb for example will stay, they will keep their positions and they will go on to grow in order to be bigger. I am not saying this for all, I can't talk about what will happen to ADA or AVAX or SOL or whatever, maybe they will stay too, or maybe they will be gone but I know for a fact that btc-eth-bnb will stay because that trio is strong.

All in all, the best thing we can do right now would be to make sure that we do not hold the ones that are risky and may die, and we end up holding the ones we know for a fact that will stay healthy during bull run.

[arwin100]

BTC is currently experiencing a decline and making their country's assets also go into crisis

how do you come into concluding on this one, even without bitcoin adoption each country has their economic challenges on how its been run and many still go more in debt, but aside the previous ones before the adoption of bitcoin as a legal tender in El-Savador, I've not heard from the news that it went ahead in seeking for another loan, remember they don't solely rely on bitcoin for their economic sustainability, there are other means of steady income.

Don't know if they have capacity to take a loan again since maybe they tighten up their belts to do this because they are suffering huge lose from the bear market season, But we don't really know the real score about that since there are other conclusion that they might be successful if they continue to accumulate while bitcoin dumps badly last couple of months or days. I never heard any hype coming from El Salvador or maybe we just missed the updates about crypto adoption on their country.

[pooya87]

I do not think that "all" will die, sure there will be plenty that dies and they become smaller, but the reality is that stuff like eth or bnb for example will stay, they will keep their positions and they will go on to grow in order to be bigger.

I disagree specially about the altcoins you named.
The centralized altcoins that have serious design flaws are guaranteed to die. The only reason why their life is long is because of the rich centralized authorities behind them.
Otherwise ETH has unlimited supply and serves no purpose other than providing a platform to create useless tokens to pump and dump. And BNB is only alive because of the centralized altcoin exchange and without it this token has no purpose. All it takes is a government cracking down on them for BNB to drop down to zero in less than an hour.

[Coyster]

with the gathering of big people and important people from various countries this is good news, now the name bitcoin has become increasingly popular in this world so that many countries have adopted it and because they all see the great potential in bitcoin, and this is also good news for the public. Bitcoin investors, myself included, are delighted to hear this news. and I think bitcoin will be more successful in the future.

Not so many countries have adopted Bitcoin mate, remember that Bitcoin is decentralized and free from government control, which is something that governments do not like, thus the more reason why they would want to avoid Bitcoin completely, and impose regulations to limit the number of people that will use it. Bitcoin of course is already successful, it can no longer be said to be an 'experiment', or a coin that will die or go extinct, which makes things better, as it is its utility that is responsible for its success, and even without the acceptance of most governments, Bitcoin is still what it is.

[mayfair_coin]

This is a great news. Wow, if even 3-4 countries will adopt the system of bitcoin completely then u know what will happen , more countries will come and discuss about this system and market will boom after that. Well, this is the right time to invest.....

[JayJuanGee]

Crypto winters are not finished yet, though the market is trying to correct itself. El Salvador needs to be optimistic about their holdings that soon this will be over and the market will go uptrend again.

Crypto winter is never going to end, the altcoins will continue to dump until they die and replaced by new altcoins. If it were anything other than this we would have had a million altcoins on exchanges instead of a thousand!

Bitcoin on the other hand which is what all these countries are interested in, is going to rise in the long run and it has nothing to do with optimism, it is facts based on the unique and useful utilities that bitcoin provides.

I do not think that "all" will die, sure there will be plenty that dies and they become smaller, but the reality is that stuff like eth or bnb for example will stay, they will keep their positions and they will go on to grow in order to be bigger. I am not saying this for all, I can't talk about what will happen to ADA or AVAX or SOL or whatever, maybe they will stay too, or maybe they will be gone but I know for a fact that btc-eth-bnb will stay because that trio is strong.

All in all, the best thing we can do right now would be to make sure that we do not hold the ones that are risky and may die, and we end up holding the ones we know for a fact that will stay healthy during bull run.

fuck shitcoins. .including but not limited to ETH and BNB..

You have hardly any assurance (beyond your feelings) that you are not going to get rugpulled with either ETH and BNB or any other shitcoin, so stop trying to equate those pieces of shit to bitcoin... merely because they seem to currently have network effects or whatever other lame feeling that you have about those coins/projects, and if you had not realized bitcoin has fundamental reasons for existing beyond its mere network effects... even if concededly network effects does make any project including bitcoin stronger and also including shitcoins, such network effects are not enough to ensure that any one of those various shitcoins have any assurance of survival beyond some kind of rugpull and merely because they have created various complicated rube goldberg intricacies within them... and yeah of course, the various shitcoins might also be able to keep up their appearances of actually having value for years or decades into the future, but absent some further developments, they currently do not even come close to having any kind of use case that even approximates what bitcoin is actually bringing to the table.

In other words, have you heard of poof of work and what actually distinguishes bitcoin from any other project, including but not limited to being distinguished from either of the two shitcoins that you listed or any other shitcoin?  Yes, there is actual amazing paradigm innovation with bitcoin that has not even close to having had ben challenged or competed with by any other project and/or shitcoin so far... when you have one, then please point it out, but surely your examples of ethereum and/or binance coin are not even close enough to establish any kind of substantial and/or meaningful rivalry regarding the use case(s) that bitcoin is serving and building since it went live in early 2009.

To bring this topic back to El Salvador, for various reasons including the fact that bitcoin is distinguished from the various other "crypto" projects including but not limited to shitcoins such as ethereum and binance coin (BNB), El Salvador has ONLY recognized bitcoin as legal tender.. and the reason seems to be that El Salvador recognizes and appreciates that bitcoin is distinguished from any other crypto projects, including those two shitcoins that you mentioned.   Sure, we cannot be sure if other countries might get caught up into various shitcoins, but so far it seems that El Salvador has not gotten caught up into promoting any other "crypto" besides bitcoin, even if it seems to have not necessarily made any of the shitcoins (including ethereum and/or binance coin or any other shitcoin) illegal in its jurisdiction.

[ShowOff]

To bring this topic back to El Salvador, for various reasons including the fact that bitcoin is distinguished from the various other "crypto" projects including but not limited to shitcoins such as ethereum and binance coin (BNB), El Salvador has ONLY recognized bitcoin as legal tender.. and the reason seems to be that El Salvador recognizes and appreciates that bitcoin is distinguished from any other crypto projects, including those two shitcoins that you mentioned.   Sure, we cannot be sure if other countries might get caught up into various shitcoins, but so far it seems that El Salvador has not gotten caught up into promoting any other "crypto" besides bitcoin, even if it seems to have not necessarily made any of the shitcoins (including ethereum and/or binance coin or any other shitcoin) illegal in its jurisdiction.

The first thing that made El Salvador legalize bitcoin as a legal tender is its use case. Decentralization may be another reason and then they start thinking about how the country can benefit from it by buying or investing initiated by Bukele. It's not about altcoin although there really isn't a clear reason why it's banned or not in the country. The use of altcoin will certainly be a different topic of discussion about El Salvador and bitcoin being legalized, the main focus being bitcoin which allows them to save on remittance fees instead of using fiat and fiat centralized services.

I haven't been following their bitcoin adoption much so far but it seems like some time ago they were said to have failed due to lack of interest from the public. I don't know, they have done their best to give their citizens freedom to use money, the state supports a decentralized currency and every citizen may have a bank in their hands because of that.