You're doing it right, El Salvador!

[C.Grigg]

 

[Kennysplash]

This is called panic sell. Although investors are at a loss already they are afraid they will lose more if they don't let go soon. El-Salvador is absolutely making the best decision, kudos to him.

 

[Lens]

The whales always take advantage of the dip. They would always buy the dip inorder to make huge profit.

 

[Flower]

The present cryptocurrency market revealed that Salvador is on a huge loss and it'll be better for the country to keep Holding and not to sell.

 

[Efelexy]

The whales always take advantage of the dip. They would always buy the dip inorder to make huge profit.

Here is a fellow that understands the dynamics of trading, kudos to you dear Lens, as that is exactly the idea behind the all selling thing because whales will be busy buying all the dip for later profiting.

 

[Yugocean]

BTC price further dropped, if Bukele could have waited, he could have got more BTC, however, he did what was right at that time, no one was aware what will happen, yet Bukele developed his country.

 

[Nomad]

Bitcoin has gone terribly low, I am interested in knowing how are people in El Salvador coping with the loss of the fiat value of their assets. I don't see anyone talking about this issue.

 

[Flower]

Bitcoin has gone terribly low, I am interested in knowing how are people in El Salvador coping with the loss of the fiat value of their assets. I don't see anyone talking about this issue.

El- Salvador are in big loss because they bought bitcoin when the price was around $53k which is a very big loss for them.

 

[Nomad]

El- Salvador are in big loss because they bought bitcoin when the price was around $53k which is a very big loss for them.

That's what I am guessing. I would like to know how the government is coping with this issue as they declared Bitcoin as a legal tender.

 

[Flower]

That's what I am guessing. I would like to know how the government is coping with this issue as they declared Bitcoin as a legal tender.

It will be very pathetic and they were warned seriously by the United state of America before taking the decision . Although crypto enthusiast applauded them then, now it's a sad story.

 

[Nomad]

It will be very pathetic and they were warned seriously by the United state of America before taking the decision . Although crypto enthusiast applauded them then, now it's a sad story.

You can allow people to invest, trade, mine, or even use it as a payment form but you cannot make it legal tender because the value frequently fluctuates, which is not the case with fiat currency.

 

[Flower]

You can allow people to invest, trade, mine, or even use it as a payment form but you cannot make it legal tender because the value frequently fluctuates, which is not the case with fiat currency.

The country could even invest in Bitcoin as a business but it is totally wrong to make a volatile currency a illegal tender.

 

[Nomad]

The country could even invest in Bitcoin as a business but it is totally wrong to make a volatile currency a illegal tender.

That's what I think. I don't think crypto as a legal tender is good. I also oppose regulating crypto, but I think crypto companies should require some sort of regulation.

 

[Flower]

That's what I think. I don't think crypto as a legal tender is good. I also oppose regulating crypto, but I think crypto companies should require some sort of regulation.

There is nothing wrong in crypto regulation. In fact, it will instill confidence on financial investors who are afraid of investing in cryptocurrency.

 

[Yugocean]

Crypto are not going to be regulated, only companies will be regulated. Might be new cryptos, but not BTC, ETH etc.

 

[Imran_Noori]

El Salvador need to hold their Bitcoins because if they could make it until here then they can easily do it after this too.

 

[Flower]

El Salvador need to hold their Bitcoins because if they could make it until here then they can easily do it after this too.

If they panic sell bitcoin, they are going to lose tremendously . It is better to keep the coin and hope for the best in the future.

 

[Lens]

El Salvador is in big loss in their cryptocurrency expenditure. They have $375 million in bitcoin financing and they have lost $60 million as of October last year.

 

[Flower]

El Salvador is in big loss in their cryptocurrency expenditure. They have $375 million in bitcoin financing and they have lost $60 million as of October last year.

This is a huge loss for the small country who is still struggling for economic survival. The decision made by the president of El Salvador on bitcoin adoption was totally wrong.

 

[Bisolami]

The present cryptocurrency market revealed that Salvador is on a huge loss and it'll be better for the country to keep Holding and not to sell.

If they sell, it means that they will lose more money so it is just better to wait till it rises so they can sell off.