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[sh199]

Bitcoin first authoritatively became legal tender in El Salvador in September. After passing the law, the government bought Bitcoin in many market stages. Recently, The president of El Salvador stated in a tweet that he purchased the coins at a discount. During the market fall, The government of El Salvador bought more 100 Bitcoins. However, during a presentation, the president announced that the country will build a city based on Bitcoin. What do you think, these buying steps will help them to build the entire city depending on Bitcoin?

 

[Brain]

Wow build a city based on Bitcoin that sounds really interesting. The president must have seen how promising the BTC really is that it why he didn't just accept it but made it a legal tender which is backed by law. I hope my country realizes on time and give us a free hand to make our investment too.

 

[a_jerobon]

This sounds like a very interesting move. I trust that with proper planning, they will be able to build a city using Bitcoin. The country just need to choose a team of Bitcoin experts to guide this process. It is so awesome to see such a country adopting Bitcoin so wholly. It will be very beneficial to both the government and her citizens.

 

[Mariappa45]

El-salvador are simply taking advantage of the market by buying the dip consistently, and it seems the act of buying the dip is paying off, because anytime the dip occurs, they'll buy and before you know profit is coming in bounty due to the increase of BTC and I believe more highs is coming for the country investing around BTC.

 

[Brain]

This sounds like a very interesting move. I trust that with proper planning, they will be able to build a city using Bitcoin. The country just need to choose a team of Bitcoin experts to guide this process. It is so awesome to see such a country adopting Bitcoin so wholly. It will be very beneficial to both the government and her citizens.

Your last line is apt, banned countries need to know that the use of crypto in a country doesn't only benefit the citizens it does benefit the government too. The will be revenue regeneration for the government as well from taxes. The government needs to realize this on time and help the economy by allowing investment in cryptocurrency especially Bitcoin

 

[microunit]

Building a city based on bitcoin? I think it would be better if that city would be based on cryptocurrency as a whole and not just bitcoin as I think in the future there will be altcoins out there that will surpass bitcoin in every aspect, now though Ethereum is the closes one with it just being half of the market capitalization that bitcoin has, Though I think that will go higher when Ethereum 2.0 is done upgrading

 

[Brain]

Building a city based on bitcoin? I think it would be better if that city would be based on cryptocurrency as a whole and not just bitcoin as I think in the future there will be altcoins out there that will surpass bitcoin in every aspect, now though Ethereum is the closes one with it just being half of the market capitalization that bitcoin has, Though I think that will go higher when Ethereum 2.0 is done upgrading

i think they just wanted to start from the most coin which I'd Bitcoin with time they will move to other crypto currency. coins like Shiba Inu and Solana has been trending a lot and they might be also want to use them in future. but it is good that they are already using Bitcoin and using other crypto will be very easy for them

 

[SCAMEXPOSER]

The government of El Salvador under the leadership of president Bukele is being proactive and continuously explore the opportunities in the cryptocurrency market especially investing in Bitcoin. If you are very observant you discover that most times the government had up bitcoin to their portfolio when the market is down so it is very difficult for them not to make gains as we all know that after every crash in the market there is always a recovery.

 

[CyberPreNurse]

That is massive and any more opportunity that calls for a bullish run would get El Salvador to see what is more than enough profits already. I believe the investment is going to pay off in better ways and they can then use the profits obtained to be able to diversify and get their economy growing beyond just crypto currencies investments.

 

[Brain]

That is massive and any more opportunity that calls for a bullish run would get El Salvador to see what is more than enough profits already. I believe the investment is going to pay off in better ways and they can then use the profits obtained to be able to diversify and get their economy growing beyond just crypto currencies investments.

This is why I believe that the crypto currency can use to stimulate the economy and you have just cited how it can be done. So it is good to invest in Bitcoin and hold still you are able to make the profit that you need. The government here knows and is being proactive about it.

 

[Wisdom01]

This is really huge ,I think elsavador acquiring more amount of Bitcoin actually means they are actually interested in making more gains from the market ,I just hope this have a positive effect on the people and make them like to invest ,so the price could spike and increase then investors make more profit

 

[darasimi]

The president of El Salvador knows the onions of cryptocurrency. He is fully determined to making exploit from the gains made in cryptocurrency. I am very optimistic that the president would make a remarkable impact in the country based on the adoption of bitcoin. There are lots of mouth watering bitcoin projects ongoing.

 

[CyberPreNurse]

The president of El Salvador knows the onions of cryptocurrency. He is fully determined to making exploit from the gains made in cryptocurrency. I am very optimistic that the president would make a remarkable impact in the country based on the adoption of bitcoin. There are lots of mouth watering bitcoin projects ongoing.

Absolutely, he is doing in a way that any reasonable person would believe he knows what he is doing and this is why the whole thing gets more interesting. I believe that with Time, some other countries would get a clue from El Salvador sucees in cryptocurrencies to give it a trial too and see how it works for them.

 

[darasimi]

Absolutely, he is doing in a way that any reasonable person would believe he knows what he is doing and this is why the whole thing gets more interesting. I believe that with Time, some other countries would get a clue from El Salvador sucees in cryptocurrencies to give it a trial too and see how it works for them.

In my opinion, any country that is planning to adopt cryptocurrency as a legal tender should take a clue from El Salvador. So far so good , El Salvador has recorded a tremendous success in it bitcoin's adoption. This is perhaps the best way to combat economic crisis especially inflation.

 

[Bisola]

This sounds like a very interesting move. I trust that with proper planning, they will be able to build a city using Bitcoin. The country just need to choose a team of Bitcoin experts to guide this process. It is so awesome to see such a country adopting Bitcoin so wholly. It will be very beneficial to both the government and her citizens.

Exactly and the citizens may not even need to depend on the government's anymore because they are also making their own profit so with that they wouldn't have to wait for the government anymore to do something for them because they made their profit from bitcoin and they can do some social amenities with the profit they have made

 

[SCAMEXPOSER]

In my opinion, any country that is planning to adopt cryptocurrency as a legal tender should take a clue from El Salvador. So far so good , El Salvador has recorded a tremendous success in it bitcoin's adoption. This is perhaps the best way to combat economic crisis especially inflation.

Apparently, most countries would seek for El-Salvador working template except for few countries that might be having the believe they are already ahead of El-Salvador, as such they won't demand for a template nor guidelines towards adoption of cryptocurrencies.

 

[Balint098]

Seems their plan to build a mining facility powered by 'volcanos' is falling apart. As expected from a government that was too fact to approve such mega project. I hope they can hold out being a crypto friendly country tho. They should improve the people's livelihood first before anything.

 

[Wisdom01]

The president of El Salvador knows the onions of cryptocurrency. He is fully determined to making exploit from the gains made in cryptocurrency. I am very optimistic that the president would make a remarkable impact in the country based on the adoption of bitcoin. There are lots of mouth watering bitcoin projects ongoing.

yes I also hope he make remarkable development regarding cryptocurrency , because if he gives up on the development pattern regarding cryptocurrency ,it would make çrypto currency less considerable ,it all depends on the impact he continues to give and the project ,just as you have said

 

[fiery phoenix]

Apparently, most countries would seek for El-Salvador working template except for few countries that might be having the believe they are already ahead of El-Salvador, as such they won't demand for a template nor guidelines towards adoption of cryptocurrencies.

You are right countries are waiting for a successful template for them to adopt bitcoin but they should know that the template does not depend on the laws or policies implemented by El Salvador around bitcoin but the template depends on bitcoin itself and alone.No matter how good the laws or policies are they wont stop bitcoin from crashing at certain times or falling due to some negative news.

So nations should actually adopt bitcoin now whilst its on a discount and forget everything else.If they miss this dip and buy at higher prixe they might suffer in the future dips.There is never going to be a right template for bitcoin,all thats needed is patience and belief even in times crypto crashes

 

[Wisdom01]

You are right countries are waiting for a successful template for them to adopt bitcoin but they should know that the template does not depend on the laws or policies implemented by El Salvador around bitcoin but the template depends on bitcoin itself and alone.No matter how good the laws or policies are they wont stop bitcoin from crashing at certain times or falling due to some negative news.

So nations should actually adopt bitcoin now whilst its on a discount and forget everything else.If they miss this dip and buy at higher prixe they might suffer in the future dips.There is never going to be a right template for bitcoin,all thats needed is patience and belief even in times crypto crashes

yeah they need patience when it comes to Bitcoin adoption ,I think with time Bitcoin would boost futher , if only they know how to invest at the right position ,they would be able to catch the dip at the proper time and get more profit added to their investment at the end of the day