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RE: Daily Crypto Markets Live Blog: Happy Bitcoin Legal Tender Day (09/07/21)

in LeoFinance3 years ago

To be honest this news comes with a mixed feeling . First , it is goodnews for the cryptocurrency world and bitcoin lovers but for the part of El Salvador citizens , it is a huge risk taken which the outcome may not be known. There has also been prot at against the adoption which the Government failed to consider.

There should have been proper education before the adoption especially for the ages and those who do not have basic understanding of cryptocurrency especially things like gas fees and stop loss ( for those that will buy bitcoin ) .

I made a post review on this legal tender and I believe that there is more to it than we see

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I also agree about the proper education. It needs to be done otherwise people won't really use it. They need to be shown how to use the wallet, how to purchase, how to convert and etc.

Posted Using LeoFinance Beta

Good point. I agree with you on the educational aspect of things. It can be complicated for newcomers.

Posted Using LeoFinance Beta

Yeah. They need to be guided properly less they will incur loss from transaction fee and Volatility in general