Quote from: ImThour on Today at 04:38:27 PM

Quote from: tadamichi on Today at 04:28:06 PM

The irony when people who go hard against Bitcoin, are getting rekt by central authorities. Peter Schiff got a reality check and he will probably still not admit that he’s wrong.

The fact that he is laughing at other's failure when he himself made his country in so much debt is funny to me.
I mean, he bought without hiring a single person from his whole country who can do some good level TA.

When he was FOMO'ing, everyone, even my Labrador called to sell. That's what I find actually funny.

Once again, you are full of shit ImThour.. including but not limited to your ongoing attempts to place ur lil selfie as if you are the smartest person in the room.

Essentially, you are spinning matters with a kind of 20/20 hindsight, and you are also failing/refusing to actually grapple with facts on the ground that includes that El Salvador's approach to bitcoin goes beyond merely market buying bitcoin and attempting to maximize their purchasing of bitcoin at the lowest price and they are engaged in various kinds of country-wide investment/building-out attempts, which just shows that you are pretty damned close to 100% disingenuous or maybe just dumb.. but probably a bit of both.

Quote from: tadamichi on Today at 05:37:16 PM

Quote from: ImThour on Today at 04:38:27 PM

The fact that he is laughing at other's failure when he himself made his country in so much debt is funny to me.

Sure, but any country got in huge debt during covid. I checked the numbers and he brought the debt to gdp down from 89% in 2020 to 82% now¹.

Good point.. let's try to grapple with some facts rather than bitcoin naysaying personal attack** spins.

**I am referring to attacks on Bukele. that seem to be either political or western-biased.

For sure, I do not proclaim to know all of the facts, but there seem to be a shitton of countries that have been getting royally screwed by some of the debasing practices of western governments (and world banking entities), so if we are going to proclaim that El Salvador has gone down the tubes in the last year or more, then we may want to attempt to compare El Salvador to similarly situated countries - and even if there were genuine attempts to consider if El Salvador might have been better off not passing its bitcoin as legal tender law, I doubt that fair assessments are even being attempted in that direction besides just making bare-assertion claims that El Salvador shouldn't have done it the way that they did. blah blah blah (like that disingenuine dweeb wannabe smarter than everyone else ImThour is doing).

Quote from: tadamichi on Today at 05:37:16 PM

Quote from: ImThour on Today at 04:38:27 PM

I mean, he bought without hiring a single person from his whole country who can do some good level TA.

When he was FOMO'ing, everyone, even my Labrador called to sell. That's what I find actually funny.

In theory yeah, but they’re not really trading the Bitcoin, its held in a trust fund accounted for in usd. They need this convert between usd and Bitcoin for Chivo etc. They can’t do trading with this, and it’s not the job of a state. When a country starts adopting they wont care about when theyre entering, because the bigger challenge is getting started with adoption. To me it seems like he actually tries to set up things for the benefit of the country, and not himself. But then again im not his lawyer and am also working with limited information.

You seem to be on the right track though tadamichi.. whatever they are doing and the various efforts that they are doing to build and incentivize the building of bitcoin infrastructure and practices is ongoing and way more complicated than just figuring out what time to get into their bitcoin purchases.

Quote from: tadamichi on Today at 05:37:16 PM

[1] https://www.imf.org/en/Publications/WEO/weo-database/2022/April/weo-report?c=253,&s=LUR,GGR,GGR_NGDP,GGX,GGX_NGDP,GGXCNL,GGXCNL_NGDP,GGSB,GGSB_NPGDP,GGXONLB,GGXONLB_NGDP,GGXWDG,GGXWDG_NGDP,NGDP_FY,BCA,BCA_NGDPD,&sy=2017&ey=2027&ssm=0&scsm=1&scc=0&ssd=1&ssc=0&sic=0&sort=country&ds=.&br=1