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[CrazySher]

Now the President of El Salvador, announced that the all citizen of his country will get free Bitcoin of worth $30 for free from their govt. and this is just revolutionary move, which will make the crypto sector more strong.

 

[AudraMiller]

If you are bitcoin enthusiast, you would notice a spike in the bitcoin lightening network transactions since El Salvador adopted bitcoin as a legal tender . The single increased was more than 300%. This is to show the Great impact of El Salvador in the cryptocurrency community. I am very sure that the project embarked upon by the government of El Salvador if completed would cause a significant spike in the bitcoin market.

I have seen that there was a massive rise and i think that it makes sense because they are offering a much better way in order for them to be able to transact with teh bitcoin cryptocurrency without there being too much risk to them in this sense. Right now the traffic on the usual network is high and therefore the fee is high too.

 

[Ononivami1]

I have seen that there was a massive rise and i think that it makes sense because they are offering a much better way in order for them to be able to transact with teh bitcoin cryptocurrency without there being too much risk to them in this sense. Right now the traffic on the usual network is high and therefore the fee is high too.

The traffic driven to the bitcoin network after the adoption by El Salvador is very high and It is seen in the market value before and after the adoption. The bitcoin lightening network also become congested following the massive transaction done with bitcoin.

 

[microunit]

Not sure if they've already given free bitcoin to their people. and el salvador just keeps on buying the dip lately, maybe they are just buying the dip because they want to exchange their fiat currency now for bitcoin so they are doing it by buying the dip? maybe that is one of their reason also for continually buying the dip at this time of the bear market

 

[AudraMiller]

The traffic driven to the bitcoin network after the adoption by El Salvador is very high and It is seen in the market value before and after the adoption. The bitcoin lightening network also become congested following the massive transaction done with bitcoin.

Therre is a congestion on this market however i think that this is not that bad because the transaction fee is still relatively low when you look at that versus the traditional bitcoin network which i think is upwards of two dollars on average for the transaction fee at the moment.

 

[Balint098]

Wonder how many people already claimed their free btc through that Chivo wallet. I heard some of them are pretty upset because local exchanges there charge a pretty hefty fee for trading, converting and withdrawing their crypto holding. I wish them all the luck in the world.

 

[kaycee001]

i think the government wants to make crypto more popular with this move and to boost the confidence of its citizens to transact businesses using crypto. this is a great move as it will in turn help to boost its economy but it should be regulated so as not to allow illegal activities to be done with it

 

[AudraMiller]

Wonder how many people already claimed their free btc through that Chivo wallet. I heard some of them are pretty upset because local exchanges there charge a pretty hefty fee for trading, converting and withdrawing their crypto holding. I wish them all the luck in the world.

I am sure that there is a lot of people that actually have taken the advantage in order to get the free bitcoin that was being offered to them because it was not actually impact on them in anyway and it allows them the opportunity to test the Bitcoin network without having to physically invest in it themselves.

 

[MayorKayz]

This is so touching. The government are really kin with this bitcoin of a thing. They have also gone this far in giving out free bitcoin to there citizens. This is a country that have seen potentials in the coin and now encouraging it's citizens to also invest in the coin.
Since a country like that can do such great things with bitcoin. Why has other countries adamant in banning cryptocurrency. When they can earn profits from it.

 

[Wisdom01]

This is so touching. The government are really kin with this bitcoin of a thing. They have also gone this far in giving out free bitcoin to there citizens. This is a country that have seen potentials in the coin and now encouraging it's citizens to also invest in the coin.
Since a country like that can do such great things with bitcoin. Why has other countries adamant in banning cryptocurrency. When they can earn profits from it.

thats the thing there ,some countries thinks Bitcoin is even hindering the huge amount of profit they would be able to make , some don't know the benefits attached to cryptocurrency ,tgovernment needs to place more concerns concerning Bitcoin development,it have helped the economy

 

[MayorKayz]

thats the thing there ,some countries thinks Bitcoin is even hindering the huge amount of profit they would be able to make , some don't know the benefits attached to cryptocurrency ,tgovernment needs to place more concerns concerning Bitcoin development,it have helped the economy

If that is what there thought is . Them they have not made any research on cryptocurrency before banning the usage of cryptocurrency in there country.
The countries that have accepted bitcoin and other cryptocurrencies have done there assignment well by researching if cryptocurrency is a good investment before jumping into conclusion of accepting it. Now the cryptocurrency is giving them profits.

 

[Wisdom01]

If that is what there thought is . Them they have not made any research on cryptocurrency before banning the usage of cryptocurrency in there country.
The countries that have accepted bitcoin and other cryptocurrencies have done there assignment well by researching if cryptocurrency is a good investment before jumping into conclusion of accepting it. Now the cryptocurrency is giving them profits.

they exactly are still not enlightened on the importance attached to cryptocurrency ,no real person won't love to pick Bitcoin adoption , because of the benefits it actually carries and the way it would really help people get more profit ,just the actual way they want

 

[ektalakra]

I guess this announcement made by the government that " all the citizens of his country will get free bitcoin of worth $30" to encourage more and more people to adopt bitcoin wallet, as it has already adopted bitcoin as its legal currency.

 

[AudraMiller]

I guess this announcement made by the government that " all the citizens of his country will get free bitcoin of worth $30" to encourage more and more people to adopt bitcoin wallet, as it has already adopted bitcoin as its legal currency.

If someone had to do that in my country and they had to just give away the currency for free to give me a chance to test it and see the beenfits that it is able to offer then without a doubt i would be interested in crypto and its adoption as well.

 

[Japhnet]

Small as it is, i think it's a very good gesture to share such amount to the citizens of El Salvador. In the cumulative scale, this money is very much.

Now the President of El Salvador, announced that the all citizen of his country will get free Bitcoin of worth $30 for free from their govt. and this is just revolutionary move, which will make the crypto sector more strong.

 

[fiery phoenix]

Small as it is, i think it's a very good gesture to share such amount to the citizens of El Salvador. In the cumulative scale, this money is very much.

I think it was meant to make the El Salvadorians like bitcoin as there was great contradiction from them towards its adoption.So the president probably wanted the citizens to give it freely as a way of promoting it among the citizens so that they can get some wxperience with it so that it would not be hard for them accepting bitcoin adoption,but the plan failed the El Salvador majority citizens are against bitcoin being made legal tender.

 

[Balint098]

The minister of finance of El Salvador just announced that the country is in no financial danger, even when bitcoin crashed pretty hard just recently. Most likely, that is a lie. Though, I do hope they continue to support bitcoin in the future. They are a pretty big whale.

 

[EdwynWinters]

Great news indeed! It feels like El Salvador's President is hopeful that bitcoin will change the fate of the nation and so, every citizen must be given a chance to understand the reality of bitcoin and get well-versed with using them.

 

[TAH123]

I am not sure if the news is true. But if it's true, the gov wants to promote the btc in their country and want to make their citizens to believe in it, to trust it. I wish I was born in a country like that where the government really understand the need of crypto, the importance and how potential is that... Really appreciate them!

 

[Wisdom01]

I am not sure if the news is true. But if it's true, the gov wants to promote the btc in their country and want to make their citizens to believe in it, to trust it. I wish I was born in a country like that where the government really understand the need of crypto, the importance and how potential is that... Really appreciate them!

That's the thing , to the extent of the government giving free cryptocurrency ,it really shows how much more the government loves cryptocurrency , their policies regarding cryptocurrency are really going to be encouraging foreign firms to work with the company

 

[Ben Kempton]

The free bitcoin giveaway was aimed at encouraging people towards cryptocurrency adoption that is forth coming up in the country

@Potuse @Omotunde @Wisdom01 - Despite the fact that they may have promoted cryptocurrencies, the public of El Salvador certainly do not think so high about this decision. According to some latest news, even today many people in El Salvador think that government made the worst decision and the economy of the country suffered as a result.