Quote from: iBaba on March 14, 2024, 10:10:17 PM

Quote from: pinggoki on March 10, 2024, 03:00:28 AM

That question can only answered by the people of El Salvador, that's the only valid answer to this question anyway. Other people that's living outside the country like me isn't going to be able to answer that, maybe those that have visited the country might be able to tell you but others would either lie or speculate about the situation, it's going to be difficult to do so OP since there's not a lot of members here that are willing to reveal that they're from El Salvador or maybe there's no people in this forum that's from El Salvador, it's a small country after all.

But honestly, it's going to be a very interesting experience to see how people use Bitcoin as their day-to-day legal tender for transactions, businesses, and investments in El Salvador. However, there are practical considerations to address. For instance, how will marketers accurately evaluate the cost of their products for buyers using Bitcoin? Similarly, how will buyers stay informed about the current prices and determine when it's advantageous to use Bitcoin or not? Given the volatile nature of the Bitcoin market, there may be misunderstandings between buyers and sellers.

Unfortunately, I cannot provide firsthand information on how the people of El Salvador are using Bitcoin since I am not physically there. That is why, like others in this thread have suggested, it would be great to hear from citizens in El Salvador about their experiences with using Bitcoin as legal tender. Are they using cryptocurrency through stable coins for transactions, or are they using Bitcoin directly?

From the perspective of traders and investors, how do they come to an agreement on the value of the investment? Understanding the potential return on investment (ROI) and other factors is crucial when dealing with the volatility of the Bitcoin market. Without a clear understanding of market trends, it's challenging to predict profitability when investing in Bitcoin.

Its like opening the future of finance in our backyard. Marketers must be precise when pricing Bitcoin. They must be tech-savvy, use real-time data, and stay ahead. Imagine Wall Street for daily life. For purchasers, staying informed is wise and necessary. With Bitcoin's price swings, you must know when to hold and fold. Use apps, notifications, etc. Using technology to your advantage.

Bitcoin or stablecoins provide our El Salvadoran friends options and stability. Direct Bitcoin transactions offer freedom, whereas stablecoins provide stability. A roller coaster and a picturesque train journey are both thrilling, but the experience is very different. Investors and traders, listen: Negotiation and information are key to value agreement. The market's volatility presents an opportunity. Do your research, recognize the hazards, and start. Remember, no risk, no reward.