they are probably thinking that it will somehow trigger a movement in the market but the truth is el salvador isn’t as influential as usa for example it will not help in making the price rise or fall like usa does

usa is connected to a lot of other countries both an ally and an enemy to many which is why their stance on bitcoin is so widely respected because whatever happens in their country will affect others’ as well

There are thousands of digital currencies that are absolutely reliable today. This isn't 2015 anymore.

And unlike Bitcoin, I suspect that major companies are busy sending their salesforce to these countries to get them to choose them over Bitcoin. You'd be surprised what some "wining and dining" will do (or just plain old bribes).

How do you know that? What if the people of El Salvador want to buy something nice for their country with their profits? What if the president there gets scared that Bitcoin could drop and he would be... killed probably?

Y'all are basing everything on the random whims of the mob here--that's what connecting your market to democratic politics means.

Yes.


Like asking why companies only had Netscape Navigator in 1996 and not any of those other new browsers.

Technology markets have a tendency to change, you know .



LOL. Famous last words: "we have the believe this politician's words more than anyone else" 

well El Salvador got in pretty cheap. If they want to play safe they can sell 2000 coins and buy gold with it.

Pretty much easy peasy move for them.

El Salvador doesn’t even own one billion $ worth of Bitcoin. I don’t think they will sell any time soon but if they do, who cares. The market has absorbed billions & billions of $ worth of sales from the German Government & Mt Gox redistributions just this year & here we are, sitting at new highs. Bitcoin is one of the most liquid karkets in history, there will always be both buyers & sellers.

Yeah, I am pretty sure that nothing will happen in the money sense but the news of it will crash the price without a doubt. We are just loving El Salvador right now and Nayib Bukele, he is a great bitcoiner and he is promoting it like crazy, and if he sells without telling us then I am sure nothing will happen, but of course we will hear about it, so he will tell the world when they do and that will cause panic and make a lot of people get out as well.

I do not think that we will crash too much, not like go back to last year, but it will have some 15-20% drop without a doubt. It's the emotional reaction that will cause people to sell, that's the most important part and because of that I believe that we are going to end up with a bad result if they end up selling.

Lets just assume or expect that time will come that they will really be selling out their coins because we do know that they cant hold it up forever on which there would really be funds that needs up for the sake of development and they cant really be holding out their coins forever. This isnt really something shocking with this kind of aspect because government had already set out their plans on when they will be selling out and this isnt shocking news. If they will be selling out then just like been said that effects wont really be that much or major, even if it will be having that significant impact but still the market will really be having its recovery no matter what. This will really be that the same question on what would happen if whales or those big institutions or those billionaires will really be selling out their coins? When it comes into fundamental aspect then we do really know that it will really be giving out that impact towards price condition or situation in the market but it doesn't mean that they could manipulate it out. If it dips then there's always those who do love on buyuing on the dip on which recovery will really be just that next in line. Therefore, when we do speak or talks about selling out coins then they do have the full rights on selling their coins whether they are government or an ordinary joe or investor on the market. Buy high sell low is the most basic stuff on dealing up with the market so it will really be just that depending on their decisions on when they will really be doing it. People are really just that worrying too much about market crash and corrections on which we know that this is something inevitable. We cant really be having a market that it will really be having that single path to take.There's those ups and downs due to that very common reason on which to those who do buy and sell out with these numbers.

It doesn’t work that way. Even if they demand the government to sell and succeed, the government wouldn’t share the profit with them - literally. Government funds are meant for expenditures, typically investments or infrastructure projects that help improve the country’s economy.

And how much is their total Bitcoin holding? Less than $1 billion? Do you think that’s enough to significantly reduce their debts, especially when the profit is only half of that?

You need to look at the bigger picture. They’re not buying Bitcoin like traders. They’re using it to gain global attention, and look, we’re talking about them now.