Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I'll have one of those 449% up months please
Remember between April and June 2019 we got 330% (from $4,200 to $13,880)..
4.2K till 13.8K is only +230% not +330%
My calculator says that $13,880 is 330% higher than $4,200 and my long form math says the same thing.
Of course, if you are skimming off profits, and wanting to talk about profits that's another story.
We were not talking about profits, as far as I recall. We were talking about price rises, and accordingly, as far as I remember we were talking about how much higher $13,880 is from $4,200 - or at least that is what I was describing... and if I wanted to talk about 230% higher than $4,200 that would have lead me to $9,660. so "technically," what number you use depends upon the topic of the conversation, no?
They likely are not going to be forced to liquidate ever (as in never ever) - because the budget of El Salvador is way higher than the amount of BTC that they are accumulating on a regular basis. They seem to be setting a pretty good role model in regards to what normie peeps should be doing too...
If you might not know Hamich124D, the essence of the matter is that if you figure out that bitcoin is a good buy, then you buy some right away, and thereafter you buy regularly and often, which is also known as dollar cost averaging, and you also can buy on dips. I could not figure out any better way to play this whole matter than the way that El Salvador has been doing it so far.. Sure, there could be some tweaks here and there, but overall they seem to be playing this matter pretty well given the various facts as we know them.
I see from your account Hamich124D that you have only been around the forum for a few months, but hopefully you have figured out some of the bitcoin basics to at least get some buys set up or to get your systems in place so that you can buy some BTC in case it catches on.
There are already threads like this here that says, El Salvador will be the richest country in the world in 8 years?
El Salvador president started buying bitcoin when it was over 50k and now they recently bought 80 bitcoins on price of 19k. Total amount invested so far is 106 million dollars and this investment is now worth 45 million usd, a 57% loss. https://www.bloomberg.com/news/articles/2022-07-01/el-salvador-buys-more-bitcoin-despite-57-loss-and-a-debt-crisis
I am sure bitcoin has the capability to bounce back and make up for loss but it takes time. Can investments from central reserves of country wait for years before making up the loss
El Salvador really has to wait now since bears are taking over.Yes.. for the last 13 months, I have been following the situation too.
Do you think that you have the whole El Salvador budget figured out based on its BTC purchases?
Have you also accounted for the increase in tourism and the various other increases in business activities in El Salvador since it decided that it was going to implement its Bitcoin tender law? Their additional income seems to be way higher than the amount that they spent on buying BTC. Have you considered those kinds of matters WatChe and also other various increases in their economic activities in the past year?