Quote from: Pi-network314159 on Today at 09:48:49 AM

Quote from: apogio on December 24, 2024, 11:56:39 AM

Quote from: kotajikikox on December 24, 2024, 04:07:35 AM

Which got me to think about the possible consequences if El Salvador were to ever announce that it is selling its bitcoins and plans to never buy any more?

There are too many posts all over the internet, with people worrying about what could happen if Satoshi sold their coins, or if El Salvador sold their coins, or if Michael Saylor sold his coins.

It's not something to worry about. Bitcoin's scarcity can guarantee that it doesn't really matter. There will always be 21M bitcoins. And, even better if they sell, we will buy cheaper!

it has been a regular conversation in the BTT forum lately and i see no need to worry about it as well, because even if those numbers of bitcoin are sold, more people will buy and stack in there wallet and Hodl for a longer period of time , and will definitely make fortune out of it because they will have created scarcity. i know many people will regret a lot as time goes on they will know the implication of what they have done. because many people with the intention of buying nd holding may have bought tones of it an stack like microstrategy.

But we can't also deny the fact that those possible dumping situation they do would influence people to recreate those things since somehow people might get afraid to experience a dump especially if the mainstream media catch those incident and try to create fear to manipulate people.

People should not really get afraid if El Salvador will dump their Bitcoin since somehow this is normal scene that will happen especially that if they are fine to take out their profits since they successfully earned a lot of money already with long term investment they do with Bitcoin. What's more important to do here is to accumulate or catch those dumps made by this institution since after the fud go away for sure that price recovery would follow especially that lots of people is willing to catch those dip since they know Bitcoin will recover from those past declines.