Post
Topic
Board Bitcoin Discussion
Merits 9 from 4 users
Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
by
_act_
on 17/11/2022, 06:28:04 UTC
⭐ Merited by DdmrDdmr (3) ,Wiwo (3) ,un_rank (2) ,JayJuanGee (1)
The El Salvadoran president, Nayib Bukele just tweeted about the upcoming of buying bitcoin daily

https://twitter.com/nayibbukele/status/1593113857261965312?t=34fpxL5lJFctwpq5eUGp2g&s=09

We are buying one #Bitcoin    every day starting tomorrow.

I think this is DCA which is a good plan, but buying one bitcoin daily if not weekly may not be regarded as DCA but the price of bitcoin has called significantly in a way that there may only be little drop in price which would be followed by a significant bull run. We do not know when the next bull run will start that would take bitcoin to over $30000, but I believe we are getting closer to the time daily.

I see it as a good plan for people that wants to invest in bitcoin to invest now too because it would be profitable.