It seems that El Salvador is not fucking around with altcoins (aka shitcoins), and so yeah whether we are talking about a country level or we are talking about a personal level, we cannot be making assumptions that it is good to be holding shitcoins, DCAing into shitcoins, or buying more of them on the dip.
At least, two countries had made bitcoin a legal tender, viz: El Salvador and Central Africa Republic. Also an economic zone, Prospera in an island of Honduras, Roatán made bitcoin a legal tender. Bitcoin is decentralized unlike altcoins with centralized authority that make the coin centralized, Altcoins do not worth to be a legal tender, only bitcoin does. Most of the altcoins have no utility than buy and hold and see if the price will increase. There are over 20000 altcoins existing and any may become like Terra Luna, altcoins are risky. It will not be a surprise if not country adopt any altcoin as a legal tender.
Not only is the bitcoin market storm currently hitting El salvador but the country is now in a state of mourning after hurricane Bonnie hit the region
If hurricane hit El Salvador, the economy may be affected, but not bitcoin, or maybe I do not understand what you mean.
I hope they will be well and continue to believe in president Nayib who wants to make a lot of big changes in the country by making it a country The first to adopt bitcoin
Some humans are bitcoin critics, some are president Nayib Bukele critics. Those that believe in holding for long term will see how helpful what the president had seen about bitcoin that they are late to see.