[<sup>(Source)</sup>](https://twitter.com/TheBitcoinConf/status/1484973240493686790?s=20) #### Evening So, when it comes to buying the dip, there is nothing stopping the El Salvador president Nayib Bukele, as the Central American country buys more bitcoin amid the current bear market. El Salvador president Nayib Bukele tweeted that the country has purchased 410 bitcoin for $15 million, as the world largest crypto currency was trading at its lowest in last 6 months. He also exclaimed that some guys are selling low. [](https://twitter.com/nayibbukele/status/1484651539587289091?s=20) Current Bitcoin purchase takes El Salvador's Bitcoin holdings to 1801 BTC valuing $66 million. El Salvador has been the frequent buyer of Bitcoin, ever since back in September it became the first country to adopt Bitcoin as legal tender. Nayib Bukele have been a staunch supporter of crypto currencies in general and Bitcoin in particular. After making Bitcoin country's legal tender back in September last year, Bukele also pledged building a Bitcoin tax free city off the Salvadoran coast to attract crypto investors and organizations. Bukele also called for establishing geothermal Bitcoin mining facilities to make the country a global crypto mining hub. Recently the Salvadoran government have announced to offer crypto based loans to SMEs and also plans to launch a $1 billion, 10-year bitcoin bond this year. All of the above, have made Bukele a hero in crypto enthusiast circles, but also attracted criticism from various global financial institutions and sparked protests by Salvadorans public. This is the first time Bitcoin have been adopted on such scale and it remains yet to be seen if the Bitcoin investment strategy can help the debt laden Salvadoran economy. <center>  </center> <center>  </center> Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@xabi/el-salvador-buys-the-dip)
| author | xabi |
|---|---|
| permlink | el-salvador-buys-the-dip |
| category | hive-167922 |
| json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["news","bitcoin","neoxian","proofofbrain","hive-engine","leofinance","crypto"],"canonical_url":"https://leofinance.io/@xabi/el-salvador-buys-the-dip","links":["https://twitter.com/TheBitcoinConf/status/1484973240493686790?s=20","https://twitter.com/nayibbukele/status/1484651539587289091?s=20"],"image":["https://images.hive.blog/DQmTgcVUmjEG3FMVRPMYy5VCF2V1JE1g4XkVShYd2SfBebR/image.png","https://images.hive.blog/DQmYw14nd4pL4SkL4JMZUNSs5XLvevrRSX426MgWqsbySa5/Nayib.png","https://images.hive.blog/DQmbrLvuKcUaQ6QGFh32C9g1XkCM5TpTJuMnVhVysT4SMTe/image.png","https://files.peakd.com/file/peakd-hive/xabi/vzEZjOB9-1588178363726455042045.png"]} |
| created | 2022-01-23 03:35:09 |
| last_update | 2022-01-23 03:35:09 |
| depth | 0 |
| children | 2 |
| last_payout | 2022-01-30 03:35:09 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 23.392 HBD |
| curator_payout_value | 23.250 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 2,315 |
| author_reputation | 482,761,352,312,564 |
| root_title | "El Salvador Buys the Dip" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 109,767,006 |
| net_rshares | 39,992,387,837,509 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
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| upfundme | 0 | 3,214,627,068 | 12.67% | ||
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| fireguardian | 0 | 584,152,916 | 6.5% | ||
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| samostically | 0 | 7,037,465,251 | 16% | ||
| mindtrap | 0 | 704,267,716 | 50% | ||
| makingthebest09 | 0 | 607,764,115 | 10% | ||
| watchlist | 0 | 0 | 100% | ||
| reazuliqbal | 0 | 16,550,244,318 | 3% | ||
| oadissin | 0 | 2,463,795,576 | 6.5% | ||
| babarakas43 | 0 | 8,116,726,000 | 10% | ||
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| lionsuit | 0 | 750,496,932 | 100% | ||
| vonaurolacu | 0 | 2,757,251,679 | 5% | ||
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| mimidee74 | 0 | 2,184,382,904 | 10% | ||
| koenau | 0 | 2,881,406,761 | 5% | ||
| sbi2 | 0 | 10,061,090,400 | 1.84% | ||
| thomasbrown | 0 | 13,754,230,907 | 10% | ||
| obsesija | 0 | 2,501,423,249 | 8% | ||
| yameen | 0 | 19,517,329,610 | 10% | ||
| gadrian | 0 | 12,165,634,828 | 6.4% | ||
| headcrypto | 0 | 1,589,531,004 | 10% | ||
| cryptokannon | 0 | 3,946,081,492 | 10% | ||
| chinyerevivian | 0 | 6,906,120,979 | 10% | ||
| xawi | 0 | 30,876,329,188 | 100% | ||
| break-out-trader | 0 | 16,240,324,186 | 16% | ||
| meanbees | 0 | 833,226,556 | 0.3% | ||
| trumpman2 | 0 | 3,626,132,485 | 30% | ||
| lordgod | 0 | 595,722,760 | 10% | ||
| bafi | 0 | 509,701,542 | 13% | ||
| solominer | 0 | 353,198,356,632 | 5% | ||
| softmetal | 0 | 566,085,440 | 10% | ||
| rightwing670 | 0 | 23,433,022,935 | 10% | ||
| tronsformer | 0 | 989,779,588 | 30% | ||
| steem.services | 0 | 1,797,318,944 | 0.75% | ||
| zaxan | 0 | 558,125,928 | 8% | ||
| ifeoluwa88 | 0 | 48,075,553,683 | 100% | ||
| ragnar94 | 0 | 1,939,731,420 | 10% | ||
| amahovac93 | 0 | 635,252,984 | 10% | ||
| meher04 | 0 | 1,810,345,342 | 100% | ||
| steemxp | 0 | 1,352,178,018 | 10% | ||
| decepticons | 0 | 671,916,237 | 30% | ||
| byebyehamburgers | 0 | 6,016,057,197 | 10% | ||
| swisswitness | 0 | 620,629,128 | 3% | ||
| apshamilton | 0 | 249,253,226,122 | 15% | ||
| nattybongo | 0 | 1,879,643,490 | 10% | ||
| abacam | 0 | 817,391,979 | 100% | ||
| abcor | 0 | 4,002,462,672 | 100% | ||
| shortsegments | 0 | 1,221,047,352 | 0.8% | ||
| lilzmom902 | 0 | 3,666,203,923 | 10% | ||
| gallerani | 0 | 921,173,062 | 16% | ||
| rilo | 0 | 467,589,158 | 8% | ||
| hamismsf | 0 | 93,856,341,097 | 15% | ||
| ireenchew | 0 | 53,803,449,239 | 10% | ||
| elmauza | 0 | 898,336,099 | 100% | ||
| jluvs2fly | 0 | 8,571,184,587 | 10% | ||
| yaelg | 0 | 9,292,611,002 | 13.5% | ||
| dlike | 0 | 18,426,835,807 | 3% | ||
| justinchicken | 0 | 2,659,516,540 | 10% | ||
| maeusenews | 0 | 2,086,209,683 | 10% | ||
| engrave | 0 | 57,506,686,092 | 2.4% | ||
| cryptohodlgroup | 0 | 1,791,339,812 | 10% | ||
| shepherd-stories | 0 | 586,602,024 | 51.22% | ||
| pedrocanella | 0 | 679,449,068 | 13% | ||
| pboulet | 0 | 625,627,467 | 0.7% | ||
| bobby.madagascar | 0 | 2,986,900,406 | 10% | ||
| dosh | 0 | 1,413,153,147 | 13% | ||
| marfonso | 0 | 2,909,924,937 | 10% | ||
| jimbi | 0 | 3,066,002,355 | 10% | ||
| merlin7 | 0 | 5,950,314,751 | 2.4% | ||
| marianaemilia | 0 | 89,293,076,510 | 13% | ||
| followjohngalt | 0 | 942,274,976 | 2.7% | ||
| nureza | 0 | 928,571,400 | 10% | ||
| svirus | 0 | 16,087,733,118 | 100% | ||
| nworb | 0 | 6,096,285,469 | 10% | ||
| david.dicotomia | 0 | 1,131,990,042 | 10% | ||
| solaiman | 0 | 4,375,056,518 | 10% | ||
| unitqm | 0 | 712,336,170 | 5% | ||
| jpbliberty | 0 | 85,442,829,573 | 15% | ||
| brucutu | 0 | 8,699,929,237 | 10% | ||
| ferrate | 0 | 7,668,498,377 | 10% | ||
| bittrio | 0 | 3,564,135,410 | 10% | ||
| steemturbo | 0 | 1,073,931,479 | 10% | ||
| detour | 0 | 5,299,202,210 | 100% | ||
| cryptovues | 0 | 5,536,030,948 | 10% | ||
| gomster | 0 | 674,585,591 | 6.5% | ||
| flyingbolt | 0 | 1,127,921,094 | 16% | ||
| e-r-k-a-n | 0 | 8,735,530,632 | 10% | ||
| a1004 | 0 | 1,401,516,127 | 100% | ||
| ctime | 0 | 12,431,379,907 | 2.5% | ||
| brada2550 | 0 | 555,585,153 | 10% | ||
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| dcityrewards | 0 | 107,857,275,200 | 3% | ||
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| rmsadkri | 0 | 21,359,270,707 | 29% | ||
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| glasscity | 0 | 318,289,544 | 12.75% | ||
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| brofund-leo | 0 | 891,918,779 | 51.22% | ||
| hivecur | 0 | 29,588,016 | 3% | ||
| concreatejungle | 0 | 944,557,481 | 66.67% | ||
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| brofund-pal | 0 | 1,365,528,739 | 100% | ||
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| photolovers1 | 0 | 7,019,426,071 | 20% | ||
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| carlinhusss | 0 | 2,029,876,759 | 100% | ||
| waivio.curator | 0 | 1,349,014,308 | 2.55% | ||
| financeadviser | 0 | 1,682,757,419 | 100% | ||
| zeclipse | 0 | 504,258,542 | 16% | ||
| yameen-ag | 0 | 548,734,395 | 80% | ||
| pantrox | 0 | 0 | 100% |
Despite it is great to hear a country adopting bitcoin, El Salvador is sadly not doing well within the country. It try to make bitcoin acceptable into banks and other financial system but this creates more negative feedback from public as some prefer to remain more safe and less volatile. And bitcoin is like the last ditch effort for the country to revive the economy and get out of debt, yet it also can be a double edge sword where the current falling price can accelerate to fall into an even greater debt.
| author | namelessnameless |
|---|---|
| permlink | re-xabi-r662cc |
| category | hive-167922 |
| json_metadata | {"tags":["hive-167922"],"app":"peakd/2021.12.1"} |
| created | 2022-01-23 14:17:03 |
| last_update | 2022-01-23 14:17:03 |
| depth | 1 |
| children | 1 |
| last_payout | 2022-01-30 14:17:03 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.050 HBD |
| curator_payout_value | 0.050 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 511 |
| author_reputation | 58,857,403,526,068 |
| root_title | "El Salvador Buys the Dip" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 109,780,045 |
| net_rshares | 84,900,486,429 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| xabi | 0 | 84,900,486,429 | 25% |
Yeah, its kind of a gamble. And gambling with public money is bad and dangerous! Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@xabi/re-namelessnameless-21kfzv)
| author | xabi |
|---|---|
| permlink | re-namelessnameless-21kfzv |
| category | hive-167922 |
| json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@xabi/re-namelessnameless-21kfzv"} |
| created | 2022-01-23 15:51:21 |
| last_update | 2022-01-23 15:51:21 |
| depth | 2 |
| children | 0 |
| last_payout | 2022-01-30 15:51:21 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 179 |
| author_reputation | 482,761,352,312,564 |
| root_title | "El Salvador Buys the Dip" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 109,782,075 |
| net_rshares | 0 |
hiveblocks