Hello to all traders Bitcoin has improved over the past two months, dropping from $ 64,900 to $ 30,000. But the remarkable thing is that the sales volume of the whales was very low and at the low price the whales had more purchases. At the bottom of the price there is a strong support and positive news was added to the market, including the news that bitcoin became the official currency of El Salvador. One of these downtrends was RSI broken up. And now it is pulling back on that uptrend and then attacking the uptrend again. It is not broken down, I have a bullish view of the market, otherwise we will have a very big drop. I hope this does not happen.
Hi there, Bitcoin is NOT the official currency of El Salvador. The US dollar still is.
Bitcoin will become AN official tender on a par with the U.S. dollar.
Legal tender has a narrow technical meaning which has no use in everyday life. It means that if you offer to fully pay off a debt to someone in legal tender, they can't sue you for failing to repay.
SuperMario4
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@SuperMario4, Similarly, their original official currency, the El Salvador Colón (SVC), is ALSO one of their legal tenders. But the US Dollar is still their official currency; as of 2001.
Bitcoin will become AN official tender on a par with the U.S. dollar.
Legal tender has a narrow technical meaning which has no use in everyday life. It means that if you offer to fully pay off a debt to someone in legal tender, they can't sue you for failing to repay.