darkangel11
Legendary
Offline
Activity: 2450
Merit: 1354
Don't let others control your BTC -> self custody
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 18, 2022, 07:50:49 AM |
|
According to what I just investigated, the International Monetary Fund (IMF), the entity with which the Bukele government was negotiating an agreement for up to $1,400 million, urged the country to "limit the scope of the Bitcoin Law. Eliminating its status as currency of legal tender" and also expressed "concern" about the issuance of cryptocurrency-backed bonds.
That's because the IMF wants to endorse CBDC and the bankers made it clear at Davos this year. They are ready to launch in the next 3-5 years and that's why they're pushing so much against bitcoin. The IMF wants to get rid of cash, crash all small insignificant fiat currencies and substitute them with digital versions that they control. In the long run we will all need both gold and bitcoin because once they stop cash there won't be any anonymous means of payment left. If you decide you don't want crypto you're going to be stuck with barter.
|
| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
BitcoinPanther
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 18, 2022, 08:50:41 AM |
|
El Salvador should DCA to minimize their paper loss. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) . If they say that paper losses in Bitcoin investment are only 0.5% of their national budget due to the Bitcoin crash, they should triple or quadruple buy BTC. Meaning if they buy BTC @ 50k, they should bring in a 4x fund to buy BTC at the current price of $18.8k and take advantage of the crashing Bitcoin market. They will cut their paper losses to 50%. And they only need Bitcoin to recover at least $26k to break even.
|
|
|
|
franky1
Legendary
Offline
Activity: 4326
Merit: 4644
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 18, 2022, 03:57:21 PM |
|
El Salvador should DCA to minimize their paper loss. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) . If they say that paper losses in Bitcoin investment are only 0.5% of their national budget due to the Bitcoin crash, they should triple or quadruple buy BTC. Meaning if they buy BTC @ 50k, they should bring in a 4x fund to buy BTC at the current price of $18.8k and take advantage of the crashing Bitcoin market. They will cut their paper losses to 50%. And they only need Bitcoin to recover at least $26k to break even. DCA is the ploy of just buying regularly no matter the price.. .. the aim is actual not to 'average down' but to get people to buy in regular at a fixed date no matter the price. this is a ploy usually to get more people to buy in on a certain day to cause regular scheduled pump each month.. orchestrated by those shouting for others to DCA no matter the price.. however ignoring your uncertainty of what DCA is about. what you describe as a risk mitigation as the method to reduce losses is not DCA. but instead what is called "averaging down" EG 1000btc at $50k = $50m spent then finding another 4x of fiat ($200m) and buying as many coins at your exampled $18.8k =10638 coins =11638 coins for $250m = an averaged down cost per coin of $21,480/btc .. DCA is not about throwing 4x at a new low yearly low.. its about setting a budget for a year of regular spending whereby you split that budget up into 12 payments one per month at any price that the price might be on the day of the month you choose to make the purchase each month.. DCA is a totally different plan and not as risk mitigating as "averaging down"
|
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
|
|
|
Upgrade00
Legendary
Offline
Activity: 2142
Merit: 2272
Playgram - The Telegram Casino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 18, 2022, 04:51:17 PM |
|
Right. Although, if they don't hold through the dip, we might see Bitcoin go on sale even more. Since, its confirmation bias for a lot of people, that if it fails in El Salvador they'll see it as a risky investment, which will never be adoption by serious businesses or countries again. I'm definitely not saying they're right in thinking that, but they will absolutely think it.
I definitely see how that could happen. Many holders are moved by sentiments, reason why we can see huge sell offs once the price turns down leading to more dips. This is of course becoming less of an influence with time and traders are not as moved by the action of certain individuals, but a country cutting ties with Bitcoin would be a big deal. I don't mind the price dropping a little further, but I'd rather El Salvador cutting their loses not be the cause of it as it could significantly hurt adoption in the medium term, at least from a legal tender point of view.
It could also show others who get in that the market can turn different ways and you should be prepared to handle dips.
|
|
|
|
▄▄███████▄▄███████ ▄███████████████▄▄▄▄▄ ▄████████████████████▀░ ▄█████████████████████▄░ ▄█████████▀▀████████████▄ ██████████████▀▀█████████ █████████████████████████ ██████████████▄▄█████████ ▀█████████▄▄████████████▀ ▀█████████████████████▀░ ▀████████████████████▄░ ▀███████████████▀▀▀▀▀ ▀▀███████▀▀███████ | ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ Playgram.io ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | ▄▄▄░░ ▀▄ █ █ █ █ █ █ █ ▄▀ ▀▀▀░░
| │ | ▄▄▄███████▄▄▄ ▄▄███████████████▄▄ ▄███████████████████▄ ▄██████████████▀▀█████▄ ▄██████████▀▀███▄██▐████▄ ██████▀▀████▄▄▀▀█████████ ████▄▄███▄██▀█████▐██████ ██████████▀██████████████ ▀███████▌▐██▄████▐██████▀ ▀███████▄▄███▄████████▀ ▀███████████████████▀ ▀▀███████████████▀▀ ▀▀▀███████▀▀▀ | | │ | ██████▄▄███████▄▄████████ ███▄███████████████▄░░▀█▀ ███████████░█████████░░█ ░█████▀██▄▄░▄▄██▀█████░█ █████▄░▄███▄███▄░▄██████ ████████████████████████ ████████████████████████ ██░▄▄▄░██░▄▄▄░██░▄▄▄░███ ██░░░█░██░░░█░██░░░█░████ ██░░█░░██░░█░░██░░█░░████ ██▄▄▄▄▄██▄▄▄▄▄██▄▄▄▄▄████ ███████████████████████ ███████████████████████ | | │ | ► | |
|
|
|
stompix
Legendary
Offline
Activity: 2996
Merit: 6528
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 19, 2022, 01:46:13 PM |
|
If El Salvador's reserves can absorb the Bitcoin dip comfortably, then it's not much of an issue.
2020 1 billion in debt issues, 2021 another 1.1 billion, another 450 million at the end of the fiscal year to cover expenses, one of the highest budget deficit ratios, 800 million to be paid next year or default, Bukele begging IMF for loans.. Does it feel like they have any actual reserves? $50 million is really a small sum for any country, even as small as El Salvador. If they had 10% or higher of their foreign currency in Bitcoin, this would be a problem. I'm actually surprised that despite all the Bitcoin maximalism rhetoric, El Salvador didn't go as much all in on Bitcoin as Microstrategy did.
In order to buy Bitcoin you need money, not just being a maximalist or a fan, and Salvador doesn't have that money, although neither did Microstrategy in their case it was easy to get investors, who would invest in a bitcoin buying scheme in Salvador? Remember the oversold Bitcoin Volcano bond? That right now is postponed month after month because...reasons? Just the fact that Bukele isn't posting each day about Bitcoin anymore, the whole mining with cheap volcano energy thing is long gone and forgotten and they don't realize any numbers on how Bitcoin and Chivo are used are clear indicators that they are looking for another Messiah right now!
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Uang_kartal
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 378
Merit: 167
betfury
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 19, 2022, 02:28:12 PM |
|
I think about this. and it's been answered when the current price continues to experience bearish.elsalvador continuation and other regrets that have sprung up and they are not alone. we both hope for a correction and continue to fly again, at least it shows a positive market even though it's just a few lines. indeed, when it comes to the state, the accumulated state budget may even decrease (following the current market price). I am not a citizen of the country, but I feel that the state budget is for development in that country. this is bitcoin which may be the first time adopted by his country. As a person, I am very steep in bitcoin. And that is the role of buying and selling in transactions. some banking/financial institutions ties as mentioned provide supervision and assistance and there may be intervention to restore or simply entertain elsalvador and other countries that adopt bitcoin.
|
|
|
|
kryptqnick
Legendary
Offline
Activity: 3206
Merit: 1397
Join the world-leading crypto sportsbook NOW!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 19, 2022, 05:30:20 PM |
|
If it's just 0.5%, they're being very careful with it, and I'm very glad about it. Clearly, going all-in or even very significantly in with Bitcoin as a country or as a business is too early to do when Bitcoin can still lose so much value over a small period of time. It does seem to be a great time to buy more, so I hope they will and hodl till the ATH is reached, at least. As for the IMF, I'm not surprised it doesn't like Bitcoin and how El Salvador is using it, but they really should look into Bitcoin instead of being all "concerned" about it.
|
|
|
|
eaLiTy
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 19, 2022, 08:27:23 PM |
|
$50 million is really a small sum for any country, even as small as El Salvador. If they had 10% or higher of their foreign currency in Bitcoin, this would be a problem. I'm actually surprised that despite all the Bitcoin maximalism rhetoric, El Salvador didn't go as much all in on Bitcoin as Microstrategy did.
We need to understand that El Salvador invested over $100 million in BTCitcoin and the public demonstration and rallies against them was a global news for a while, he is investing public funds in a highly volatile market and that is problem his opposition have about him with his investment and now the entire valuation is half of that which is not a great sign as he wont be the president till the next rally for misappropriating public funds.
|
|
|
|
jostorres
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 19, 2022, 09:54:47 PM |
|
El Salvador should DCA to minimize their paper loss. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) . If they say that paper losses in Bitcoin investment are only 0.5% of their national budget due to the Bitcoin crash, they should triple or quadruple buy BTC. Meaning if they buy BTC @ 50k, they should bring in a 4x fund to buy BTC at the current price of $18.8k and take advantage of the crashing Bitcoin market. They will cut their paper losses to 50%. And they only need Bitcoin to recover at least $26k to break even. I am guessing that it is not that easy for them because they lack the funds for it. They were already using some funds that people said could be used to make the nation better anyway, infrastructure and all. But if they end up spending some more, that is going to challenge them even more and people will be angrier. So, the best case for them right now could be waiting. When you are dealing with your own money and do DCA then nobody can say anything to you but if you are doing this with others money then those people will ask you where the money went and why it is down and they can bother you. This dude also needs votes for next elections, and ruining your nations treasury to DCA bitcoin is not the way to go.
|
| | . .Duelbits│SPORTS. | | | ▄▄▄███████▄▄▄ ▄▄█████████████████▄▄ ▄███████████████████████▄ ███████████████████████████ █████████████████████████████ ███████████████████████████████ ███████████████████████████████ ███████████████████████████████ █████████████████████████████ ███████████████████████████ ▀████████████████████████ ▀▀███████████████████ ██████████████████████████████ | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | ███▄██▄███▄█▄▄▄▄██▄▄▄██ ███▄██▀▄█▄▀███▄██████▄█ █▀███▀██▀████▀████▀▀▀██ ██▀ ▀██████████████████ ███▄███████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ▀█████████████████████▀ ▀▀███████████████▀▀ ▀▀▀▀█▀▀▀▀ | | OFFICIAL EUROPEAN BETTING PARTNER OF ASTON VILLA FC | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | 10% CASHBACK 100% MULTICHARGER | │ | | │ |
|
|
|
franky1
Legendary
Offline
Activity: 4326
Merit: 4644
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 20, 2022, 03:15:03 AM |
|
In order to buy Bitcoin you need money, not just being a maximalist or a fan, and Salvador doesn't have that money, although neither did Microstrategy in their case it was easy to get investors, who would invest in a bitcoin buying scheme in Salvador? Remember the oversold Bitcoin Volcano bond? That right now is postponed month after month because...reasons?
Just the fact that Bukele isn't posting each day about Bitcoin anymore, the whole mining with cheap volcano energy thing is long gone and forgotten and they don't realize any numbers on how Bitcoin and Chivo are used are clear indicators that they are looking for another Messiah right now!
firstly.. they did not already have a "volcano power plant" to be mining in 2021-22. they never did, nor ever said they did have one already.. the power plant is something for 2023+ not 2021 secondly the bonds were to be launched sometime between september 2021 and september 2022 so although you might have thought that they were launching months ago. the treasury minister said upto september 2022.. so calm down. its not delayed. the deadline has not passed thirdly.. the "volcano power plant" you speak of will be built(future tense) from the proceeds of the bonds which will be released in the future. .. you are just unaware how time works and what direction time passes. first comes bonds then comes powerplant. in that order. which means calm down until Q3 of 2022 and end of 2023 before things really start to move physically in el salvador "bitcoin city" was not on the agenda to be finished and ready for sprint 2022(your assumption that should have ben ready already) fourthly. the LN experiment of 2021 failed.el salv had loads of problems with it.. .. this is nothing to do with bitcoin faults.. just LN faults. (many cant tell the difference but there is one) and this year they moved over to a centralised custodian wallet service for merchant tools and payments between users accounts and exchanging of fiat to crypto. yes they could not quantify the utility of LN due to make flaws of LN. but now they are getting more monitoring ability in the custodial model that is now the back-end of chivo
|
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
|
|
|
Vaskiy
Legendary
Offline
Activity: 2646
Merit: 1106
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 20, 2022, 05:07:11 AM |
|
Inspite of bitcoin experiencing strong decline in value there trust upon the market. Just because El Salvador crypto reserve value has declined one can't be come to a conclusion. Even in a recent tweet he mentioned that the growth will continue once after the bear market. Now it is time to stop looking onto the graphs and enjoy life.
At the end El Salvador President Nayib Bukele mentioned Patience is the Key. This is true with cryptocurrency and they are quite confident in bitcoin's progress as you and me.
|
|
|
|
davis196
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 20, 2022, 05:18:43 AM |
|
Bukele has balls of steel. Staying pro-Bitcoin in times like these deserves respect. Not sucking up to the IMF also deserves respect. You lose only when you sell so all this BS about El Salvador "losing money" is nothing more but FUD and hating on Bitcoin. I've already said that Bitcoin cannot be blamed for the crypto winter/bearish market/price crash, but the BTC haters keep insisting that crypto is scam and crypto is doomed to fail. I'm not sure for how long Bukele will resist the pressure coming from the International Monetary Fund. El Salvador might be in desperate need for this 1.4 billion USD loan.
|
|
|
|
masulum
Legendary
Offline
Activity: 2324
Merit: 1603
hmph..
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 20, 2022, 10:39:42 AM |
|
Inspite of bitcoin experiencing strong decline in value there trust upon the market. Just because El Salvador crypto reserve value has declined one can't be come to a conclusion. Even in a recent tweet he mentioned that the growth will continue once after the bear market. Now it is time to stop looking onto the graphs and enjoy life.
At the end El Salvador President Nayib Bukele mentioned Patience is the Key. This is true with cryptocurrency and they are quite confident in bitcoin's progress as you and me.
The points is, bukele buy Bitcoin at the wrong time. He buys with government money not free money, at a time when BTC is quite expensive, adding BTC assets but not at the deepest price. So, those who are against BTC, they will say Bukele has wasted state money by buying Bitcoin. There is nothing wrong with their assumption, because the country needs money for various needs, but the money reserves have been made to invest in Bitcoin. If (for example) until 2025 the price does not return to ATH, surely Bukele will be blamed for this BTC purchase decision.
|
HOLD...
|
|
|
Ziskinberg
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 20, 2022, 10:59:15 AM |
|
This is just how the market decline affects our portfolio and I think everyone had suffered the same scenario even those who buy Bitcoin last week, how much more if they bought at $40k, or $50k - I really understand their feeling the worries of some people. But, this is just the value had lost (1BTC = 1BTC), if we just hold and wait for the next Bullrun, we'd lose nothing.
But I guess, El Salvador can manage to hold and I believe they already anticipate this situation before deciding to invest in Bitcoin. I certainly don't have worries about them.
|
|
|
|
killerfrost
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 20, 2022, 11:13:22 AM |
|
That is a serious problem for El Salvador, but only a small part of the national wealth invested in BTC is to be feared. Of course, losing will have many ways of looking at it here, but my own personal view on the perception of investing is never taking the risk to make yourself feel better when stuck with a loss. Instead, I believe that the market will grow stronger again when BTC recovers and increases in price in the future. Pay attention to one thing about long-term investment, not following the movement.
|
|
|
|
Doan9269
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 24, 2022, 07:53:21 PM |
|
The president who forced bitcoin adoption in his country is now obligated to love and support bitcoin no matter what. Because if he becomes disillusioned with bitcoin, it will have huge consequences for his image. Bukele never force any adoption on the people about bitcoin, in situations like this it has to be base on the public views then the government arms to vote for or against before the president gives a final say, this is not what someone will just think overnight and implement the next day, this is a government of democracy which involves a leadership potentials amd not an authoritarian rulership in El-Savador while Bukele has nothing to fear about even if bitcoin goes more dip since this is not altcoins and if the worse case be, it can never be to zero or any worse value below the last halving range. According to Bukele's plan, bitcoin was supposed to attract investments into the country, but in reality, investments into the country did not flow, the expected billion dollars from investments in bitcoin bonds did not succeed. With or without this, economy in El-Savador is still moving fine and as for its investment on bitcoin bond, this is a glory for some other days story, in which i believe thinhs will change for good later.
|
🎁 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . 375% | 200 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | 🛞 | ☆ | | ☆ | 🛞 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀ .U P T O . ▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .300€ + 50 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .F R E E S P I N S . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | 🎁 | |
|
|
|
Slow death
Legendary
Offline
Activity: 3122
Merit: 1120
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 24, 2022, 11:29:24 PM |
|
the president of El Salvador was too hasty in having bought over 40,000$ and having shown that he bought bitcoin, as if he wanted to prove that most people are wrong and that only he is right, but at the end of the day he is wrong . He might not sell the coins he bought and as long as he doesn't sell the coins he bought he won't be at a loss but at the same time he might have to wait many years to see the price of bitcoin be at the same price he bought and that's it. definitely he must not have thought, and then he may have to wait another few years to see profits above 2x. I just hope that people don't receive salaries in bitcoin because at this point they must not be liking how things are going
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Ale88
Legendary
Offline
Activity: 2492
Merit: 2737
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 24, 2022, 11:38:44 PM |
|
$50 million is really a small sum for any country, even as small as El Salvador. If they had 10% or higher of their foreign currency in Bitcoin, this would be a problem. I'm actually surprised that despite all the Bitcoin maximalism rhetoric, El Salvador didn't go as much all in on Bitcoin as Microstrategy did.
I think it's actually closer to $100 mln instead of $50 mln but yeah, it doesn't change your point and I agree with that: for a country that's a very small amount of money, even for a very small one like El Salvador.
|
|
|
|
n0ne
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 25, 2022, 02:14:22 AM |
|
$50 million is really a small sum for any country, even as small as El Salvador. If they had 10% or higher of their foreign currency in Bitcoin, this would be a problem. I'm actually surprised that despite all the Bitcoin maximalism rhetoric, El Salvador didn't go as much all in on Bitcoin as Microstrategy did.
I think it's actually closer to $100 mln instead of $50 mln but yeah, it doesn't change your point and I agree with that: for a country that's a very small amount of money, even for a very small one like El Salvador. El Salvador made the strong decision of making bitcoin legal tender, but in terms of holding El Salvador didn't go much on bitcoin. It slowly started to acquire more and more during the drops, and if El Salvador have adopted bitcoin earlier now the holdings could've been big. As said, for a country the decline of $50m is not a big think. On the other side it has got pressure from World Bank on interest to be paid this July.
|
|
|
|
GreatArkansas
Legendary
Offline
Activity: 2422
Merit: 1364
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 25, 2022, 02:14:52 AM |
|
For me, their losses are just a cent for sure, very little amount only for them. For sure they are very careful since they bought Bitcoin, they are aware of it, and they are aware of possibility that they could lose their investment. I am waiting for them to buy more.
|
█████████████████████████ ████████▀▀████▀▀█▀▀██████ █████▀████▄▄▄▄██████▀████ ███▀███▄████████▄████▀███ ██▀███████████████████▀██ █████████████████████████ █████████████████████████ █████████████████████████ ██▄███████████████▀▀▄▄███ ███▄███▀████████▀███▄████ █████▄████▀▀▀▀████▄██████ ████████▄▄████▄▄█████████ █████████████████████████ | BitList | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | List #kycfree Websites |
|
|
|
|