Quote from: Hamphser on Today at 07:51:00 PM

Quote from: Jatiluhung on Today at 05:35:16 PM

Quote from: JayJuanGee on Today at 06:47:10 AM

It sounds like a good idea for El Salvador to continue its BTC buying at a modest rate, which would be DCA to be buying every day, but it does have a buying on the dip sentiment to it too. It's a pretty modest amount that they should be able to handle without any problem and seems to be somewhat symbolic in nature, too.. in order to communicate that this seems to be a good time to continue to buy BTC whether the BTC price goes up, down or sideways for a while from here.

I'm quite happy with the President of El salvador's plan to start buying 1 bitcoin per day starting tomorrow. i think it's better. because From the actions taken by Nayib bukele, I am quite sure that there will be a slight positive impact on the current market conditions which are shrouded in fear due to the tragedy that occurred at FTX. I even liked the tweet from Nayib bukele who commented on the FTX tragedy.
Nayib bukele on 14 november said in his tweet

"FTX is the opposite of #Bitcoin

#Bitcoin s protocol was created precisely to prevent Ponzi schemes, bank runs, Enrons, WorldComs, Bernie Madoffs, Sam Bankman-Frieds

bailouts and wealth reassignments.

Some understand it, some not yet.

Were still early.

🌎/21m ". Sourch : tweet Nayib Bukele

Thanks for the share up.

If we do really look up into those words then you could really actually able to feel and see out the positivity of Bukele towards Bitcoin, although there are some people who
do really see him as an idiot on making up these kind of actions considering that he's a president and he had been investing the money which isnt his.

Politicians are elected exactly to make decisions about how to invest resources that are public, so by definition they are given discretion regarding those kinds of resource allocations, and Bukele has decided to buy bitcoin with some of that public money. That clearly and unambiguously within the realm of his discretion.

Quote from: Hamphser on Today at 07:51:00 PM

Being optimistic isnt bad but he should really always consider out on the risk involved since we cant really able to know on whats the future lies ahead towards Bitcoin but
this man do really look forward on longer aspect.It wont really be that surprising that it would be having lots of positive and negative impressions and thoughts towards this action.
Speaking about 1btc/day purchase then i could say that this man really trust up btc.Well its not that bad but always mind off about the risk.

Do you speculate that Bukele has not already considered both the cost and benefits of adding 1 more BTC per day to El Salvador's BTC stash? No one is going to know the future, but ONLY make calculations based on a variety of probabilities, so it seems to me that Bukele has likely already made such calculations that account for costs and benefits, including accounting for risks, too.

So, you seem to be lecturing towards Bukele about the obvious Hamphser... as if you might have some kind of a better way of assessing whether, what and how much to do something, such as whether or not to buy one BTC per day or to take some other better action(s) with the resources that will be used to make those 1 BTC per day purchases?