El Salvador to buy Bitcoin every day starting tomorrow, President says

UpwardDescent

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What is perhaps disappointing to see is how BTC and crypto in general seem to be at the bottom of the economic chain.
By this I mean that as soon as the stock market or world situation is affected negatively; the crypto prices tank.

On topic: just like @SewerRatBoy said, there is nothing to confirm his statement and even if he is telling the truth it could be that they're buying $1 worth of BTC per day.
 

Crypto Marketing

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Promising but its not the first time El Salvador President announces that he buys btc, so I don't think that this action will affect market in any way.
Yes, I know. It's still a good signal for the crypto community that the support has not stopped but continues.
 

TheAlgo

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Not a smart move/idea. Buying bitcoin using tax and peoples' money while the price is heavily volatile is a big no-no.
 

PinguSpy

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Perfect time to buy is now. When negative, depressing news pop almost every single day.

Dont buy in the bull hype market. When everybody, every newspaper is screaming btc gonna reach $100k.. $500k.. $1m
 

Scorpion Ghost

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Goverments should stay the fck away from speculating with the peoples tax money in crypto.

They should instead spend it on their boats and planes and bulletproof cars and mistresses and cocaine addictions? Or maybe they should give free college scholarships for lesbian art degrees, and fund non-government organizations like the LGBT and other social programs?

Well... I think speculating in crypto is fine just fine with my tax money. At least here I may get something out of it. Make those priceeeees go up!
 
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