Quote from: sheenshane on Today at 11:09:38 PM

Quote from: MARK21 on Today at 06:57:40 PM

Quote

El Salvador's Bitcoin reserve has lost half its value. Due to the price drop that the main cryptocurrency has had.

Have they already sold out their coin which that can determine their loss?

It might have a loss maybe millions of dollars supposedly but I think that didn't occur just because they still holding their Bitcoin and didn't yet sell to exchange. El Salvador has received a lot of criticism now but I think they have a wise decision of having a strong fate on Bitcoin, they never sell what they have bought last year, in the end when Bitcoin will bounce back, they will laugh at those who criticized.

Even though Dania Gonzalez, Deputy of the Republic of El Salvador reveal and said, "Now, it is time to buy more".

They haven't sold any of the bitcoin from the reserve, so it isn't a loss for them. Probably the government have got 2301BTC which could've been increased through the process of buying low and selling high. There is a dedicated team within the country allocated with the task of work related to bitcoin. In the short period of time El Salvador have experienced criticism, but it is strong enough to make plans and have got the ability to overcome the situation believing in the growth of bitcoin.