Quote from: _act_ on June 14, 2022, 04:46:04 PM

I think El Salvador government prepared before they accepted bitcoin as a legal tender, see what Alejandro Zelaya, the minister of finance of El Salvador said about buying bitcoin.

https://cointelegraph.com/news/el-salvador-has-not-had-any-losses-due-to-bitcoin-price-dive-finance-minister-says

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“There is a clear criticism of Bitcoin as such, not of El Salvador's strategy. El Salvador is what interests them the least, they [the media outlet] are not interested in what happens to our economy, they are not interested in what happens with our people, what happens with inflation.”

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“I have said it repeatedly: A supposed loss of 40 million dollars has not occurred because we have not sold the coins.”

We all know that the second quote is true, 1 BTC is equals to 1 BTC, if El Salvador has not sold bitcoin, this is not loss. Some holders will see the price falling, only what they think about is to wait for another years for all-time-high.

How do you see people that are criticizing El Salvador government as bitcoin price has decreased? As for me, I see them as someone that will only panic and sell, thinking they have lost money, but latter regret this in long term when the price of bitcoin reach all-time-high.

El Salvador has bought 2,301 bitcoins in the last few years and if we look at the lowest price they bought around $30k some time ago, then we can say that salvador has now lost about 50% of the assets they own, as an adopting country bitcoin of course there will be fear from their people about the fiscal occurrence of the el salvador economy due to a bad market, I hope if president nayib bukelele can still keep the salvador economy stable under current conditions.