Yeah, I haven’t been able to parse what that phrase means in a real sense.
elgordino@fedia.io 7 months ago
What does ‘unaffordable with fiat currencies’ even mean? This guy knows you can divide BTC right?
dogslayeggs@lemmy.world 7 months ago
elgordino@fedia.io 7 months ago
What does ‘unaffordable with fiat currencies’ even mean? This guy knows you can divide BTC right?
Yeah, I haven’t been able to parse what that phrase means in a real sense.
GenderNeutralBro@lemmy.sdf.org 7 months ago
The headline said 1BTC, so I take it to mean “until the price of 1BTC is too high to buy with real money”. They’re not saying they’ll buy $66000 worth of bitcoin per day indefinitely, just 1 whole bitcoin per day, regardless of how the price fluctuates, for as long as that’s viable.
El Salvador doesn’t have its own currency; they use USD and recently bitcoin. I don’t know enough to say whether this makes sense.
orclev@lemmy.world 7 months ago
Right but you’re missing the point. It doesn’t matter if 1 BTC costs $1,000,000 when you can just buy 0.0001 BTC for $100. They would need to drive the cost of 1 BTC into the quadrillions of dollars before it would become even remotely unfeasible to purchase.
AnagrammadiCodeina@feddit.it 7 months ago
Depends on the budget he decided to put into this.
At the end it’s investing, he has decided let’s say a budget of 200k per day on this, he will but 1 full btc until the price of 1 btc is 200k. After that probably the money will go on something else.