Quote from: pooya87 on Today at 07:11:20 AM

Quote from: stompix on December 22, 2021, 05:48:34 PM

I've always wondered how that hospital is going to be built from the profits of investing in BTC while no bitcoin will be actually sold.

I believe they are going to sell $1 billion bitcoin backed bonds without actually selling any bitcoin!

The bonds are one thing and that is another mess altogether
They claim to sell one million bonds and use half of the funds to build a city that is going to cost 17 billion, which is another magic trick that only Bukele knows how to perform. As for the hospital that is currently being constructed he clearly said it's going to be paid from the profits from BTC so how has he realized 4 million in profits?

Quote from: pooya87 on Today at 07:11:20 AM

Has anyone gathered all the prices they made their purchases to see if the result is profit or loss? For example 150BTC was bought at $48,670.
$52k-$54k is hardly the tip though, when price went to $70k and is currently at $48k-$49k.

It doesn't matter where the ATH was, it matters where he bought it, and wow, what a surprise, the only clue for these are his tweets.
His lowest buying point would be 46k if we would go by his tweets with a 200 bitcoin purchase, that barely negates the other buys and there is no way you could pull 4 million in profits from this tiny spread when he claimed he started construction unless he sold at the tip.
But we will never know as there is no actual proof of anything other that tweets, they could hod now 100 000 coins or 21 or none, there isn't a single official number coming from an official document, not about the purchases, the money spent, the number of transactions on Chivo, the number of funds circulating there, the amount of hash rate they have in their mining operation, nothing expect an avalanche of laser eyes.

Quote from: Darker45 on Today at 01:53:23 AM

It seems a lot are cheering for Nayib and his country when they adopted Bitcoin as a legal tender, purchased during the dip, made profit from it, responded with resistance to the IMF and the US in an unfriendly tone

Yeah, unfortunately, propaganda is one thing, reality is another:

Critics ask IMF to block financing for El Salvador

Quote

Bukele has requested $1.3 billion in IMF financing, which he intends to use in building a new airport and a Pacific train line.
Bukele quickly took to Twitter, his favorite platform, to criticize the call by the business group and the José Simeón Cañas University.
“They want to return to governing our country, or bankrupt it. And our people? They don’t matter, ” Bukele wrote, noting the university and business group had previously been on opposite sides of the political spectrum.

IMF Executive Board Approves a US$389 Million Disbursement to El Salvador

Quote

The IMF approved El Salvador’s request for emergency financial assistance of about US$389 million under the Rapid Financing Instrument to combat the COVID-19 pandemic.

Asking for billions in loans is probably the new way of resisting, who knows.