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Author Topic: Your Opinion about El Salvador Bitcoin adoption  (Read 10103 times)

Offline mlawson71

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Re: Your Opinion about El Salvador Bitcoin adoption
« Reply #30 on: July 28, 2021, 12:59:10 PM »
Progress has definitely been made, I would say, but I still think it's a good idea to be cautious about El Salvador's plans.

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Re: Your Opinion about El Salvador Bitcoin adoption
« Reply #30 on: July 28, 2021, 12:59:10 PM »

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Re: Your Opinion about El Salvador Bitcoin adoption
« Reply #31 on: July 28, 2021, 01:11:22 PM »
Progress has definitely been made, I would say, but I still think it's a good idea to be cautious about El Salvador's plans.

Logically, El Salvador will find problems along the way that the government will have to solve. Especially with the banks (which have already complained about the Bitcoin Law) but especially with the IMF, they are the ones that can cause more problems inside and outside the borders of El Salvador, especially in terms of import and export or additional taxes. That is why I believe that the worst problems will be found outside its borders.
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Offline mlawson71

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Re: Your Opinion about El Salvador Bitcoin adoption
« Reply #32 on: July 29, 2021, 04:43:04 PM »
I think there will be both external and internal problems. The question is, however, whether they will manage to overcome them. El Salvador is not exactly a rich and powerful country to easily weather such problems.

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Re: Your Opinion about El Salvador Bitcoin adoption
« Reply #33 on: July 29, 2021, 06:48:52 PM »
I think there will be both external and internal problems. The question is, however, whether they will manage to overcome them. El Salvador is not exactly a rich and powerful country to easily weather such problems.

For that they are beginning to use Bitcoin, to generate more wealth in the country, or at least that is the intention of the government according to the president's statements. Within the country they can also find problems, but maybe they are more focused on the little knowledge of the population about Bitcoin and blockchain, that's something the government should have taken into account some time before.
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Re: Your Opinion about El Salvador Bitcoin adoption
« Reply #34 on: July 29, 2021, 10:16:47 PM »
This movement of a country like El Salvador is a good move for crypto, but after all, El Salvador is not a well-known and big country. A more robust bull market may occur if larger countries support bitcoin or cryptocurrencies. Let's see which countries will support crypto money.

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Re: Your Opinion about El Salvador Bitcoin adoption
« Reply #35 on: July 30, 2021, 04:53:41 PM »
What is your opinion on El Salvador's plans then?

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Re: Your Opinion about El Salvador Bitcoin adoption
« Reply #36 on: July 30, 2021, 06:06:55 PM »
El Salvador has nothing to do with your opinion about accepting bitcoin. I am a new member of this forum. I have no idea about the forum so I can't answer this question.

Instead of saying that, something that does not contribute anything to the forum or to the rest of the users, don't you think you could learn a little to give your opinion together with the rest of the users? Here we come to give our opinions and contribute ideas. Be respectful and polite and read the forum rules please.
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Re: Your Opinion about El Salvador Bitcoin adoption
« Reply #36 on: July 30, 2021, 06:06:55 PM »


Offline Brithyislam

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Re: Your Opinion about El Salvador Bitcoin adoption
« Reply #37 on: July 31, 2021, 09:19:40 AM »
I have no idea about Salvador accepting bitcoin. I have not been able to capture any village from anyone before on this subject. I would be grateful if any senior brother of the forum could help me find out about this. If the senior brothers do not help the junior brothers, then we will not be able to survive

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Re: Your Opinion about El Salvador Bitcoin adoption
« Reply #38 on: August 01, 2021, 04:00:15 AM »
Very good because it means the adoption of Bitcoin has been recognized in the country of El Salvador and of course BItcoin will become a legal transaction tool in the country of El Salvador and this has an impact on our goodness as cryptocurrency lovers if you want to visit El Salvador then you no longer need to worry about looking for means of payment using Bitcoin.
Simply put, the country of El Salvador will continue to strive to be the leading country in adopting Bitcoin and Bitcoin will make a good digital asset in a country that is President by Nayib Bukele.

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Offline lepbagong

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Re: Your Opinion about El Salvador Bitcoin adoption
« Reply #39 on: August 01, 2021, 09:43:00 AM »
This movement of a country like El Salvador is a good move for crypto, but after all, El Salvador is not a well-known and big country. A more robust bull market may occur if larger countries support bitcoin or cryptocurrencies. Let's see which countries will support crypto money.
although we have to admit that the step taken by a head of state admits bitcoin is a bold step, because he sees the best side for the country, especially for the people to be involved and look for alternative jobs that can be done. Even though I agree, El Salvador is not a country that has known crypto for a long time and it can be seen that there are still many people who do not support the government's steps.

as a leader of a country who wants his country to develop, of course, he must accept things that will happen where not everyone agrees, but this step must be taken for the purpose of progressing the country is very important. hopefully at least the effect of this news will affect countries that have not dared to recognize it as legal tender, and that's a lot.
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Offline Proton

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Re: Your Opinion about El Salvador Bitcoin adoption
« Reply #40 on: August 02, 2021, 09:03:54 PM »
In a report released last week, Bank of America analysts said El Salvador's decision to recognize BTC as legal tender could simplify money transfers, facilitate financial digitization, provide consumers with more choices, and open the country to US firms and digital currency miners.
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Offline Anonylz

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Re: Your Opinion about El Salvador Bitcoin adoption
« Reply #41 on: August 03, 2021, 09:47:02 AM »
Thinking about it more deeply now, we have all agreed that EL Salvador has made some move making Bitcoin a legal tender and there has been some resistance even by the citizens over Bitcoins Volatility I would say but I believe now that instead of the Government making Bitcoin to be a legal tender, wouldn't it have been wiser if they, the Government have Invested in Bitcoin just like most of the Bigger organizations and Billioniers do, but as an Investment for the country. I believe that would have been less troublesome for the Government in terms of its relationships with the international community like IMF and World Bank. 

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Re: Your Opinion about El Salvador Bitcoin adoption
« Reply #42 on: August 04, 2021, 04:07:54 PM »
In a report released last week, Bank of America analysts said El Salvador's decision to recognize BTC as legal tender could simplify money transfers, facilitate financial digitization, provide consumers with more choices, and open the country to US firms and digital currency miners.

Some good news for a change! All I was seeing was pushback from various institutions.

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Re: Your Opinion about El Salvador Bitcoin adoption
« Reply #43 on: August 05, 2021, 05:42:19 AM »
This movement of a country like El Salvador is a good move for crypto, but after all, El Salvador is not a well-known and big country. A more robust bull market may occur if larger countries support bitcoin or cryptocurrencies. Let's see which countries will support crypto money.

Small step could become a giant one. It just a matter of time, understanding, and support from citizens and government. Because it is all about adjustment from old into new dimension of paradigm shifting.

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Re: Your Opinion about El Salvador Bitcoin adoption
« Reply #44 on: August 09, 2021, 11:53:18 PM »
Every Bitcoin adoption in a country will give a positive impact on the Bitcoin market itself. Many countries are banning Bitcoin as a currency. But with this statement, I am sure that there is a good thing that happen in that country, by adopting Bitcoin as payment. It will be also good enough when the citizens are ready with the mass adoption
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