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 BukeleThanks 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.
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.