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El Salvador is doing what everyone in crypto should be doing! by malopie

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· @malopie ·
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El Salvador is doing what everyone in crypto should be doing!
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# El Salvador is doing what everyone in crypto should be doing! 

[El Salvador's new Bitcoin plan might be the best yet!](https://icoverage.io/El-Salvador-Bitcoin-Bet-President-says-the-country-will-buy-1-Bitcoin-daily) 

It doesn't constitute any high [volume trades](https://icoverage.io/Ipedia-IIIII#trading-volume-x), but it goes to show the nation's long-term investment ambition via its president, Nayib Bukele. 

If the nations of the world had half their heads to think like this guy, the future of many citizens and countries would be saved much earlier.

Is El Salvador doing the right thing to make bitcoin a [legal tender](https://icoverage.io/Ipedia-III#legal-tender-x)? Will the country run into [debt](https://icoverage.io/Ipedia-I#debt-x)? Are the citizens at risk? Is bitcoin a good investment for a nation? Will the IMF be proven right? Will countries stop building businesses with El Salvador? 

All of these questions will be self-answered when [crypto](https://icoverage.io/Guides/Introduction-to-cryptocurrency) reaches its full potential, my take is that we are not even scratching the surface yet, where I see us 5 - 10 years up the line is forcing banking and investment to become more digitally operated and crypto [protocols](https://icoverage.io/Ipedia-IIII#protocol-x) will be the primary [network](https://icoverage.io/Ipedia-IIII#network-x) for this, every other platform and their respective ecosystem will be considered "third-party" which is what they are anyway. 

## DCA buying is Nayib's new focus! 

The El Salvador president who is famously known as a [bitcoin bull since the legalization of [the world's largest cryptocurrency](https://icoverage.io/Guides/What-Is-Bitcoin) by [market capitalization](https://icoverage.io/Ipedia-IIII#market-capitalization-x) announced that the company will buy 1 Bitcoin daily, beginning today! 

This report came in yesterday and should already be effective or very near.

## Building up revenue

What is happening is that Nayib is looking to reduce the risk of buying in chunks and having unrealized losses following market fluctuations due to diverse industry levels or external market reasons. 

This is the primary reason to be drawn from this applied accumulation strategy, however, it does also play a role in building up [revenue](https://icoverage.io/Ipedia-IIIII#revenue-x). 

Buying [cryptocurrency](https://icoverage.io/Guides/Introduction-to-cryptocurrency) in bits has proven to be a  major strategy for gaining value over its price fluctuations, this is because crypto is highly [volatile](https://icoverage.io/Ipedia-IIIIII#volatility-x) and so time is valuable in a literal sense, so while it isn't easy to time the markets, another way to play and win is [dollar cost averaging](https://icoverage.io/Ipedia-I#dollar-cost-averaging-DCA-x) your trades. 

The creation of time intervals allows you to earn an advantage for every price change, the truth of the matter is that dumps will always occur and so, this directly increases revenue on small [trades](https://icoverage.io/Ipedia-IIIII#trade-x) following trend reversals. 


## What everyone should be doing 

There's always the need to choose and dedicate to something, turning a [profit](https://icoverage.io/Ipedia-I#capital-gain-x) on any [investment](https://icoverage.io/Ipedia-III#investment-x) has a similar requirement for success. Where people should be buying, the market participants choose not to, therein losing out on potential trades [yield](https://icoverage.io/Ipedia-IIIIII#yield-x). 

DCA into one's favorite [coins](https://icoverage.io/Ipedia-I#coin-x) should be a long-term focus, this prices a lot of things and positions one's investment on healthy grounds. As with the case of El Salvador, we may see the nation begin to recover fractions of its [unrealized losses](https://icoverage.io/Ipedia-I#capital-loss-x) of about $60 million thus fair, this is because each trade will have a significant impact on the overall balance following every bitcoin price increase, it goes to show that trading on its own build ups [significantly ROI](https://icoverage.io/Ipedia-IIIII#return-on-investment-ROI-x) when done right. 

It's kinda like [arbitrage](https://icoverage.io/Guides/What-is-arbitrage-What-You-Need-To-Know) when price differences are taken advantage of for a profit, DCA trading, however, [leverages](https://icoverage.io/Ipedia-III#leverage-x) time and volatility for value extraction, a concept that more time yields a positive result.


[![](https://static1.freebitco.in/banners/728x90-3.png)](https://freebitco.in/?r=50739270)

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@malopie/el-salvador-is-doing-what-everyone-in-crypto-should-be-doing)
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vote details (115)
@finguru ·
RE: El Salvador is doing what everyone in crypto should be doing!
I buy $1 of BTC everyday. :') 

Tiny bits of bitcoin make a mighty investment. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@finguru/re-malopie-4gf7kq)
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@malopie ·
Nice, Rome wasn't built in a day right?
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@riverflows ·
That's good advice actually. Sounds manageable. 
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@finguru ·
RE: RE: El Salvador is doing what everyone in crypto should be doing!
Haha. It's an experiment fund for my 2 year old son. I will give that to him when he is 10 years old. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@finguru/re-riverflows-2nobj1)
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