Post
Topic
Board Bitcoin Discussion
Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
by
dataispower
on 30/06/2022, 21:22:24 UTC
This doesn't age well. Is it just me or feel like they're going too fast and too forceful with all the transit and implementation the Bitcoin in El Salvador's economy. Not taking into account the bear market and high volatility from it pushes normal citizens to stay out. Only use it to the bare minimum to keep their fiat value stable.
despite that I have not digest and understand this nehru you pass as information towards your statement and your comment I know quite well that the market of cryptocurrency cannot be comparable to the value of a Fiat currency so therefore both of them have a different thing in common especially the way they are values runs. So the area of converting cryptocurrency or converting whatever to stable from what I understood the longer it stays and shorten it stays did not contribute or add any value to it since it is a stable if we experience a bearish market it will not reflect to it since you place it in stable.