A day for representation of Bitcoin

[uchegod-21]

El Salvador's President Nayeb Bukel bought at the wrong time and thus wasted a lot of money that his people paid and then continued to buy, which means that either he does not have economic advisors and this is a disaster, or he has and the disaster is greater.

What are you even saying here?
If you bought bitcoin at the wrong entry which is high and the market goes down, what do you do?

Do you sell at loss and not buy again.
Or you continue with DCA to buy more at low if you have the fund?

therefore perhaps she wanted to achieve fame with that, and the goal is not awareness.

How do you mean that the goal is not awareness?

Why did you decided to include fame and remove awareness?
How do you mean that someone that appeared on a global stage with bitcoin suit is not creating bitcoin awareness?

[camito]

His old logo is still better than the one before it was released.

[Sandra_hakeem]

I'm just too surprised to realize that Nayeb hasn't thwarted the option of reinstating Bitcoin as a legal tender in El Salvador... Hehe
I'm not really seeing El Salvador as a country that can contend with the influx in price and the entire volatility -- the made solid plans the last time when it almost cost them loosing the whole country's funds for a first trail...lol -- I wonder how solid his plans are this time around.
So you mean, a rich millionaire could easily be reduced to a common man in one just one night? He's just planing of increasing the rate of inflation though, I understand it's worth trying but, the Americans would've done that if it were possible yunno

Sandra 🧑‍🦰

[Ndabagi01]

Nayib Bukele's acceptance of bitcoin as legal tender has greatly aided in increasing adoption and awareness in the bitcoin community. The Miss Universe show was also a good one to showcase to the world about the country's adoption of bitcoin; either way, it's just a way of raising awareness about bitcoin to the entire world, and I think this is a welcome approach to disseminating the presence of bitcoin in the world.

[Odusko]

As the face of El Salvador in the beauty competition the besuty queen carying Bitcoin logo is a sign of the positive mindset of El Salvadorians toward the year old bitcoin legal tender policy in their country.
El Salvador president Bukele is highly optimistic about bitcoin and it capacity to transform the country faith to meet up with 21st century demand after the country economy has suffered from years of a currency crisis that has affected their GDP negatively for decades until the Bitcoin adoption o er a year ago.

[Darker45]

Bitcoin fans watching the event must have cheered aloud upon seeing the contestant from El Salvador coming out with a creative costume incorporating the Bitcoin logo. But many, probably including some judges, must have been puzzled at what the El Salvador costume want to say. Majority of the audience must have been clueless of the deep and radical message of the costume of the beautiful Miss Alejandra of El Salvador. I wonder who her designer was.

[BALIK]

We all know these actions can help bitcoin to spread the word in all over the world so more and more people will be interested on it and there will be more demand because of these interest which can help the bitcoin market and the bitcoin environment. Also this can make more countries doing the same thing like El Salvador done a few months ago about accepting bitcoin for their countries. However, I would like to say El Salvador's governments and their president Nayib Bukele didn't make a good decision  about the time of accepting bitcoin because by buying bitcoin in a bad time they lost mane better opportunities for their counties and their people.

Bitcoin is widely known for its volatility and profitability and not for these ads, the picture is pretty cool, but I don't think it will have any impact on bitcoin. Those images also cannot make other countries do the same thing as El Salvador did with bitcoin because El Salvador itself has not proven the benefits of investing in bitcoin. Nowadays, bitcoin is no stranger to all governments, but they are still not ready to use it for various reasons. I think they're still monitoring it and don't want to risk it.

[Oasisman]

I guess El Salvador is bringing too much attention for Bitcoin. There might be 2 main reasons here, 1 for the Bitcoin adoption and 2 for personal gain. I've heard the president of El Salvador is pushing hard with this financial innovations, not everyone in the country loves the idea.
Well, let's just hope they'll become successful with this innovation and that they are doing the right thing.

[justdimin]

El Salvador's President Nayeb Bukel bought at the wrong time and thus wasted a lot of money that his people paid and then continued to buy, which means that either he does not have economic advisors and this is a disaster, or he has and the disaster is greater.

What are you even saying here?
If you bought bitcoin at the wrong entry which is high and the market goes down, what do you do?

Do you sell at loss and not buy again.
Or you continue with DCA to buy more at low if you have the fund?

The feedback was basically if they ended up buying when it was lower, that would have been better, and they would have a lot more bitcoins now; which is true, they could have spent the same amount of dollars to buy twice the amount of bitcoins so that's going to be a trouble. I mean people would ask about this, he can't just say he doesn't care, or he can't just ignore this fact because he is an elected official and he needs to get the love of his people to continue and that means he needs to respond.

However, I still think that it was a good decision to get into bitcoin, it will be proven right in the next 10 to 15 years; yeah, it will give them a leverage for sure.

[pawel7777]

El Salvador's President Nayeb Bukel bought at the wrong time and thus wasted a lot of money that his people paid and then continued to buy, which means that either he does not have economic advisors and this is a disaster, or he has and the disaster is greater.

What are you even saying here?
If you bought bitcoin at the wrong entry which is high and the market goes down, what do you do?

Do you sell at loss and not buy again.
Or you continue with DCA to buy more at low if you have the fund?

He took a risk and it didn't pay off (this could change though). If he hit the bottom and the price skyrocketed after he bought - he would get all the praise, so, on the same token, it's fair to give him a little criticism when things went not his way.
Also, I could be wrong, but I think he did a little brag on twitter after BTC went briefly up after the first purchase(s) - so yeah, you can't take credit without accepting responsibility.

And it didn't look like DCA was a plan from the start.

I'm not saying El Salvador shouldn't be buying bitcoin, but whoever makes such decision should be held accountable.

[mk4]

I guess El Salvador is bringing too much attention for Bitcoin. There might be 2 main reasons here, 1 for the Bitcoin adoption and 2 for personal gain. I've heard the president of El Salvador is pushing hard with this financial innovations, not everyone in the country loves the idea.
Well, let's just hope they'll become successful with this innovation and that they are doing the right thing.

You could argue that both cases are for personal gain or for El Salvador's own good.

Bitcoin "real" adoption = more demand for bitcoin = increase in BTC price = increase in value for El Salvador's bitcoin holdings

[Dickiy]

What they showed at the miss universe event, in my opinion, is a good effort to advertise to people who don't know what bitcoin is like, basically it might make questions for ordinary people what bitcoin is, at least they will respond and find out, even if only at points bitcoin icon.
They don't show bitcoin practice directly but they show them along with bitcoin, in this case there will probably be a lot of speculation about everyone's views on what El Salvador did at the Miss Universe event, and of course that is one of their goals.

[kryptqnick]

I think that any events that showcase Bitcoin help to promote its adoption. The Miss Universe pageant has a huge audience, so it's a great promo. What's also special in this situation is that it's not some centralized crypto service that is Bitcoin promoted (as is often the case with 'Bitcoin' ads), but Bitcoin itself. The more events like that feature Bitcoin in some ways, the better. To me, it doesn't really matter whether people do it to become popular or to sincerely promote Bitcoin because they do promote Bitcoin in the end.

[indah rezqi]

I think that any events that showcase Bitcoin help to promote its adoption. The Miss Universe pageant has a huge audience, so it's a great promo. What's also special in this situation is that it's not some centralized crypto service that is Bitcoin promoted (as is often the case with 'Bitcoin' ads), but Bitcoin itself. The more events like that feature Bitcoin in some ways, the better. To me, it doesn't really matter whether people do it to become popular or to sincerely promote Bitcoin because they do promote Bitcoin in the end.

You're right, and doing so would also make bitcoin better known to most business people in other industries. If bitcoin is adopted and used in many ways in different industries then of course news exposure about it will make many people interested in it.

Artists, governments, big business and the elite will really be able to increase interest in bitcoin because they have a lot of influence. If bitcoin is legal, then maybe it would be better to get more interest especially regarding adoption and investment. We will see more news and price updates on National TV, it's kind of what we've seen before about stocks and other commodities.

[Negotiation]

The promotion of bitcoin will further increase its demand it will gradually spread throughout the world and as the demand for bitcoin increases, its value will increase with investment. There should be a similar route map if you are involved in a product marketing business with an artist and big business with investment and if it is a based online business but the road is a little different. People need to know its proper use and traders in every industry will flock to bitcoin.

[Yatsan]

The promotion of bitcoin will further increase its demand it will gradually spread throughout the world and as the demand for bitcoin increases, its value will increase with investment. There should be a similar route map if you are involved in a product marketing business with an artist and big business with investment and if it is a based online business but the road is a little different. People need to know its proper use and traders in every industry will flock to bitcoin.

Not always, it depends on the audiences. Promotion of this technology through pagenats and such will just help people to recognize this blockchain but won't help to convince other countries to adopt it. What should be promoted is its advantages. There are many countries wherein this technology is being accepted as a mode of payment but only a few really promotes it. Why? Possible reason is to not put at risk those who are non-crypto investors. If they are not ready for price volatility, then that would be a bad idea promoting it because they'd be more likely the one to blame. Another thingis with business owners who are still in doubt whether to accept it or not because losses might be bigger during bearish trend.

[rodskee]

So what is the effect after the pageant ? is that help their country having more adoption ? because I believe that they are still struggling to make EL Salvadorian (majority) to adopt crypto/bitcoin? and still the government is pushing them to carry.
I guess this only favor us crypto lovers but the EL Salvador people still not on it.
But Yes I am one of the most happy for this action from miss universe candidate as it was broadcasted worldwide and will replay many times over and over so adtoption and advertising will increase more.

[Desmong]

Nayib Bukele's acceptance of bitcoin as legal tender has greatly aided in increasing adoption and awareness in the bitcoin community. The Miss Universe show was also a good one to showcase to the world about the country's adoption of bitcoin; either way, it's just a way of raising awareness about bitcoin to the entire world, and I think this is a welcome approach to disseminating the presence of bitcoin in the world.

Bitcoin is going to be accepted gradually just like we have seen in El Salvador that had been promoting the huge adoption of Bitcoin even to there embassy and we hope to see more adoption in the nearest future.
 Even though many countries s stand there ground to halt the continuous patronage and use of Bitcoin, with time the world is going to see reasons of opting to the use of Bitcoin.

[famososMuertos]

So what is the effect after the pageant ? is that help their country having more adoption ? because I believe that they are still struggling to make EL Salvadorian (majority) to adopt crypto/bitcoin? and still the government is pushing them to carry.
I guess this only favor us crypto lovers but the EL Salvador people still not on it.
But Yes I am one of the most happy for this action from miss universe candidate as it was broadcasted worldwide and will replay many times over and over so adtoption and advertising will increase more.

You mean, your thought is no but yes.

This year is the Miss Universe in El Salvador, it is not zero, all adds up is long and rough it may be years but what does not help is having a gray thought in reference to bitcoin ( Or El Salvador).

 It is complex to promote an idea or premise, so any scenario adds up, this year a valid world surfing championship is also being held, perhaps the image of bitcoin is being exploited.

[Vaskiy]

So what is the effect after the pageant ? is that help their country having more adoption ? because I believe that they are still struggling to make EL Salvadorian (majority) to adopt crypto/bitcoin? and still the government is pushing them to carry.
I guess this only favor us crypto lovers but the EL Salvador people still not on it.
But Yes I am one of the most happy for this action from miss universe candidate as it was broadcasted worldwide and will replay many times over and over so adtoption and advertising will increase more.

The whole world's fashion enthusiasts would've watched the pageant on the show. Whether they were able to make a win or not is secondary. Through the event they gave something to the world. Atleast few could've tried to find what it is all about. Maybe the El Salvador people aren't that supportive, but the country is taking more steps to show bitcoin to the outer world. Hope these small acts of spread will contribute something to the market.