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[@dulce]

El Salvador is the country of Bitcoin? Last Wednesday at the UN assembly, Bukele attracted the attention of the cryptocurrency community, his popularity in this sector is undeniable. His speech began resonating with the following phrase: I bring you greetings from the land of volcanoes, surfing, bitcoin and freedom

 

[Margery]

that's exactly why. they want something to control but they failed to realize something. one of the reasons why crypto currency was such a hit was because it is a very good investment with high volatility and high return potential. country's crypto would only work as a stable coin

A stablecoin is a cryptocurrency that is pegged to the price of some fiat asset such as the US dollar or a basket of fiat assets. Due to their pegging to real assets, stablecoins have less fluctuations in price and can be used for a variety of purposes, including payments and other types of trading. Thus, you can only use your country's cryptocurrency as a stablecoin.

 

[Riberet19]

A stablecoin is a cryptocurrency that is pegged to the price of some fiat asset such as the US dollar or a basket of fiat assets. Due to their pegging to real assets, stablecoins have less fluctuations in price and can be used for a variety of purposes, including payments and other types of trading. Thus, you can only use your country's cryptocurrency as a stablecoin.

I think that linking a stable currency to a country is the same as using a fiat currency from a central bank, because it is the same, the stablecoin is linked to the value of a fiat currency, in addition to being issued by a private company, which would make even less sense for a country to make such a move. I think Bitcoin is a better option as it is a decentralized network, but as we mentioned it has the risk of volatility.

 

[Margery]

I think that linking a stable currency to a country is the same as using a fiat currency from a central bank, because it is the same, the stablecoin is linked to the value of a fiat currency, in addition to being issued by a private company, which would make even less sense for a country to make such a move. I think Bitcoin is a better option as it is a decentralized network, but as we mentioned it has the risk of volatility.

I think that with bitcoin everyone would have decided long ago. But its volatility, probably haunts. And the fact that it is decentralized is a trifle. The main thing is that you can almost always find the user who sent or accepted the transaction. The tools are already there. The rest is not very important.

 

[Riberet19]

I think that with bitcoin everyone would have decided long ago. But its volatility, probably haunts. And the fact that it is decentralized is a trifle. The main thing is that you can almost always find the user who sent or accepted the transaction. The tools are already there. The rest is not very important.

Yes, the fact that Bitcoin is very liquid in the market is something that greatly facilitates trading with it, so it is true that volatility and other aspects may not be very important for those who accept or use Bitcoin.

 

[btaliat]

Since the adoption of Bitcoin in El Salvador, the country has been witnessing influx of investors in crypto and even mining. This is has in a large extent increase the economic activities of the country in generating more income.

 

[IB DD]

The El Salvador president has so much belief in bitcoin and I hope this pays off for the country and it's citizens in the long run. He took what many people would call a wild gamble by recognising bitcoin as legal tender and it seems so far, that decision wasn't a bad one for it's economy.

 

[Wisdom01]

The El Salvador president has so much belief in bitcoin and I hope this pays off for the country and it's citizens in the long run. He took what many people would call a wild gamble by recognising bitcoin as legal tender and it seems so far, that decision wasn't a bad one for it's economy.

Yeah the elsavador president really have so much believe and faith , he actually sees that the price would boost harder , the faith he have is actually high that's why he keeps investing without shaken out