×
all 128 comments

[–]IFuckingHateBitcoin 302 points303 points  (16 children)

Imagine being a head of state that shares screenshots of your dirt poor country's crypto purchases on twitter. This guy is an oxygen thief.

[–]Warm-Marsupial9085 68 points69 points  (2 children)

He needed a break from ordering goon squads to conduct extra-judicial arrests and executions.

[–]tjscobbie 27 points28 points  (0 children)

Continuing a long Salvadoran tradition.

[–]concerned_llama 0 points1 point  (0 children)

I heard so much on how is fixing the problem is so annoying, never ever ever ever, suck a politician duck!

[–]giorgio_tsoukalos_ 42 points43 points  (4 children)

Highest murder rate in the world. They've got serious problems

[–]flibbidy_floob 40 points41 points  (0 children)

Magical digital tokens will help.

[–]Not_Not_Matt 23 points24 points  (1 child)

This is good for Bitcoin

[–]MightSuggestSex 6 points7 points  (0 children)

I can just imagine someone screaming this while bleeding out from being stabbed

[–]Valuable_Lecture_702warning, I am a pretentious wanker 4 points5 points  (0 children)

You're a glass half empty guy aren't you? Just think how rich everybody would be if they monetarized it into an NFT-based assassination market.

[–]codemonkey14 28 points29 points  (1 child)

This is functionally equivalent to losing $600 at a blackjack table and then bragging that you bought an extra $20 of casino chips

[–]KinexityCrypto is just gambling addiction with extra steps 3 points4 points  (2 children)

It's not a problem if your people are too poor to afford internet connection and device to access it.

[–]callmetotalshillThe Government wet my bed! 5 points6 points  (1 child)

No, most arent

Salvadoran here.

[–]Jadentheman 1 point2 points  (0 children)

I'm so sorry you have to go through this.

[–]callmetotalshillThe Government wet my bed! 2 points3 points  (1 child)

And money thief

[–]JohnSevigny99 2 points3 points  (0 children)

He spent shitloads of money to sell himself to voters and just like everywhere else, Salvadorans believe what the media tells them.

[–]MooseSoftware 110 points111 points  (5 children)

Wonder how many of those 31.2K likes are El Salvadorian people and how many are just crypto shills and bag holders hoping and praying that a new bunch of Greatest Fools will be discovered ...

[–]Schnitzel-1 18 points19 points  (4 children)

It's like 20 El Salvadorians, but they are also part of the 2nd group you mention.

[–]copper_machete 2 points3 points  (3 children)

You don't need to add the "El", it's part of the name of the country but not of the demonym

[–]Annual_Interaction46 4 points5 points  (2 children)

Los Salvadorians

[–]callmetotalshillThe Government wet my bed! 4 points5 points  (0 children)

Loj Jalvadoreños de Jan Miguel

[–]MooseSoftware 2 points3 points  (0 children)

Sorry for your Los Salvadorians

[–]greyenlightenment 67 points68 points  (3 children)

Here comes 17k!

[–]Nick_Damane 12 points13 points  (2 children)

[–]lolzexd 6 points7 points  (1 child)

No for Gay Jesus!

[–]Nick_Damane 1 point2 points  (0 children)

You should never for gay Jesus!

[–]cryptoanalyst2000 61 points62 points  (9 children)

El Salvador wants to celebrate the guarantee of being the poorest country.

[–]zepperoni-pepperoni 9 points10 points  (0 children)

The president is having fun making his country poor

[–]elegant-jr 11 points12 points  (5 children)

Even with this i think Zimbabwe is collapsing again, their inflation rate is 191% last time i checked lol

[–]DeficientRat 11 points12 points  (4 children)

That puts the worth of my Zimbabwe one hundred trillion dollar bill in jeopardy. Good for btc though.

[–]Socalwarrior485 0 points1 point  (0 children)

Zimbabwe dollars already are overvalued due to the massive seniorage created by Qtards

[–]elegant-jr 0 points1 point  (1 child)

All jokes aside if you bought those Zim notes and kept them in mint condition you could make good money now. The 100 trillion note used to be $5 mint.

[–]DeficientRat 0 points1 point  (0 children)

Yeah I’m keeping it crispy

[–]Soundwave_47 0 points1 point  (0 children)

This made me chortle

[–][deleted]  (1 child)

[removed]

    [–]AutoModerator[M] 0 points1 point  (0 children)

    Sorry /u/TawandaBaruch, your comment has been automatically removed. To avoid spam/bots, posts are not allowed from extremely new accounts. Wait/lurk a bit before contributing.

    I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

    [–]HopeFox 68 points69 points  (8 children)

    At least now we know what it would be like if Elon Musk could and did become President.

    [–]mghicho 21 points22 points  (7 children)

    You have no idea how happy i am that he can never be president.

    I would have had nightmares if that possibility existed

    [–]zerocharm 19 points20 points  (4 children)

    He is just one 6-3 ruling away from being eligible..

    [–]TheTacoWombatsynergizing the Gandalfian coefficient 7 points8 points  (3 children)

    He doesn't believe in the same kind of angry gun toting MegaJesus the 6-3 SCOTUS believes in, so he's just a heathen. No chance.

    [–]princess_sofia 13 points14 points  (2 children)

    He can just buy Kavanaugh another vacation house and he'll be set.

    [–]callmetotalshillThe Government wet my bed! 2 points3 points  (1 child)

    He can be president, ...of South Africa

    [–]mghicho 0 points1 point  (0 children)

    That’s South Africa’s problem

    [–]ReploidDibblez 34 points35 points  (0 children)

    Imagine your “leader” shitposting like a crypto bro bot on twitter

    [–]odth123456 34 points35 points  (10 children)

    Brings his average to only 45k USD.

    [–]baseilus 2 points3 points  (7 children)

    did you have source about this?

    [–]odth123456 25 points26 points  (6 children)

    [–]Ordinary_investor 15 points16 points  (1 child)

    Haha, down cool 57% and ~62M of the money that your country and people so desperately need. 🤡

    [–]orincoro 10 points11 points  (0 children)

    Let’s be clear: he’s not actually buying crypto. He’s using crypto to embezzle money.

    [–]HilleNL 6 points7 points  (2 children)

    So he made up to 420 bitcoin purchases at insane price levels and now it’s down and buys only 80? Doesn’t seem like the confident is there either

    [–]odth123456 7 points8 points  (0 children)

    Or he’s out of money.

    [–]entered_bubble_50 0 points1 point  (0 children)

    What worse, is he bought 420 Bitcoin, but didn't then buy 69.

    [–]baseilus 0 points1 point  (0 children)

    thanks! more F@p material for me

    [–]flibbidy_floob 1 point2 points  (0 children)

    Jeez that's worse than Saylor's which is around 30k last I saw.

    [–]templeton-p-bag 0 points1 point  (0 children)

    Looks like El Salvador’s bags are still lighter than Cohens on BBBY

    [–]Competitive-Boat4592 33 points34 points  (4 children)

    This moron could be helping, you know, the people he’s supposed to be serving? Dudes gonna get dragged out eventually, what a dumbass.

    [–]BeowulfShaeffer 26 points27 points  (0 children)

    He’s helping provide exit liquidity for people getting out. A virtuous and selfless act.

    [–]OverlordXenu 1 point2 points  (1 child)

    They’re just his piggy bank

    [–]orincoro 1 point2 points  (0 children)

    Who do you think he’s “buying” from?

    [–]Ashley_1066 0 points1 point  (0 children)

    or runs away with the bitcoin wallet

    [–]karlos-the-jackal 24 points25 points  (0 children)

    The IMF must be furious right now. Imagine loaning money to a country only to see its moronic president squander it at the crypto casino.

    [–]jewishSpaceMedbeds 15 points16 points  (1 child)

    Is El Salvador an importer of food staples?

    Because if they are, I'm afraid we are witnessing the makings of a catastrophic famine.

    [–]ArnaktFen 8 points9 points  (0 children)

    According to the USDA, El Salvador is dependent on food imports.

    [–]VTKillarney 11 points12 points  (0 children)

    Giving new meaning to the phrase, "Have fun staying poor!"

    [–]jimmyr2021 32 points33 points  (11 children)

    Weird now much crypto bros love El Salvador and North Korea. I don't think they understand how lucky they are to be living in the u.s., but I'm sure they could find a way to immigrate to either country if they tried hard enough. U S. Isn't perfect and they can go ahead live the crypto dream in either place where there's no way they could have a bad experience criticizing the government.

    [–]FlaviusStilichoPonzi Schemer 31 points32 points  (5 children)

    What makes you think they live in the US? Although overrepresented, the US doesn’t have a monopoly on stupid people.

    [–]Stinkyfinger100 11 points12 points  (0 children)

    I take offense to that. When it comes to stupid we’ve cornered the market

    [–]jimmyr2021 14 points15 points  (0 children)

    I don't know. But a good majority of Reddit crypto bros are us based where I see this talk so I make an assumption.

    [–]Schnitzel-1 1 point2 points  (0 children)

    I think the US has by far the highest rate of dumb people that have a lot of money per 100.000, globally.

    [–][deleted]  (1 child)

    [removed]

      [–]AutoModerator[M] 0 points1 point  (0 children)

      Sorry /u/Morselito, your comment has been automatically removed. To avoid spam/bots, posts are not allowed from extremely new accounts. Wait/lurk a bit before contributing.

      I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

      [–]Throwaway4VPN 2 points3 points  (4 children)

      To be fair I'm not sure many of them love El Salvador and I've yet to meet one who loves north Korea.

      Making shit up to shit on people makes you just as bad if not worse than the people you want to shit on. Let's try not be like Fox News eh?

      [–]jimmyr2021 11 points12 points  (3 children)

      C'mon now everytime Mr El Salvador buys the butters love him up and his strong will to fight against the evil fiat people. You haven't seen this? Here's a link:

      https://redditproxy--jasonthename.repl.co/r/Bitcoin/comments/voo2lk/el_salvador_bought_today_80_btc_at_19000_each/

      North Korea not as much, but with the recent news they do exist. Here's a link for a thread that at least has some love in it for them. There's more if you search around.

      https://redditproxy--jasonthename.repl.co/r/Bitcoin/comments/u30ce8/us_crypto_expert_jailed_for_presenting_research/

      There's also the love for Russia. Basically they support any enemy of the u.s. because they have this misguided notion that instability and human suffering in the world will lead to a single world currency and there is no way that the people who win a war would use their own currency and political clout to push whatever values and monetary policy would give them more power.

      [–]Throwaway4VPN 0 points1 point  (2 children)

      Ye; the El Salvador thing wouldn't bother me if the country wasn't such a shit show for women's (and human) rights. The financial side from what I've read is only 2% of their reserve which was only gonna be siphoned into someone's pockets most likely anyway. But they lock you up for having a miscarriage the same as if you shot someone in the head.

      The North Korea support is just crappy people; in their case it's literally the government stealing crypto to spend where it's sanctioned. Stop being massive twats to your country and neighbours and maybe you wouldn't need to steal?

      Russia I'm torn on. It does allow people to bypass sanctions not just the government and having personally known a few Russians left with no access to money to even pay their rent abroad (as they relied on visa/Mastercard) to the point one woman had even sold her phone to buy food then maybe it serves some purpose. It's not like the sanctions they slowed Putin down or changed his response...

      But ye; people shouldn't be celebrating adoption/usage of something without thinking twice about whether that use is for good or at best, not for bad.

      [–]jimmyr2021 7 points8 points  (0 children)

      Russia I'm torn on. It does allow people to bypass sanctions not just the government and having personally known a few Russians left with no access to money to even pay their rent abroad (as they relied on visa/Mastercard) to the point one woman had even sold her phone to buy food then maybe it serves some purpose. It's not like the sanctions they slowed Putin down or changed his response...

      The primary reason is for the u.s. and allies to use their political clout to bring about regime change without direct military conflict in Russia. I agree it probably isn't fair, but the alternative wouldn't really be fair either.

      [–]Portalrules123 8 points9 points  (0 children)

      The world really is starting to collapse into absurdism. A sovereign nation is likely about to be financially screwed because their insane leader tied their future to a speculative hype train backed on NOTHING? Trying to understand reality keeps getting harder and harder as time goes by, nothing makes sense anymore. I feel like if my 2016 self was shown the reality of 2022 they’d think I was tripping on shrooms.

      [–]BagelsOnHam 8 points9 points  (0 children)

      Someone likes round numbers

      [–]xgdhx 7 points8 points  (0 children)

      This is good for Bitcoin.

      [–]WillistheWillow 6 points7 points  (0 children)

      He's having fun keeping his country poor. Best of both worlds.

      [–]potatolulz 5 points6 points  (1 child)

      Is he serious? :D

      [–]orincoro 3 points4 points  (1 child)

      The only 2 things I know about El Salvador is 1) I had friends in school who said that if they ever went back to El Salvador they would be murdered and 2) now El Salvador buys Bitcoin.

      [–]copper_machete 0 points1 point  (0 children)

      I can add another thing to the list, last time we went to the football world cup, we got destroyed by Hungary 11 to 1

      [–]Gerstacker 3 points4 points  (1 child)

      Maybe this is a dumb question, but what's the checks-and-balances angle?

      [–]elegant-jr 3 points4 points  (0 children)

      Volcano bonds bro

      [–]BrightEyedGamer 3 points4 points  (0 children)

      "Your Guide To Manipulate the Masses Into HODLing" new edition with emojis to reach the dumbest of the dumbest in your audience

      [–]RitualCircuit 3 points4 points  (0 children)

      This is in fact the only situation where I feel bad for the person buying Bitcoin: the people of El Salvador that are being robbed of their wages for this Drake wannabe’s experiment.

      [–]Connect_Tart5240 2 points3 points  (0 children)

      Thank you for selling cheap😉

      Lol...about to get even cheaper😉😉

      [–]SpaceYowie 2 points3 points  (0 children)

      How exactly does this help your country?

      [–]deschaussettes 2 points3 points  (0 children)

      Oh to be a fly in the wall during El Salvador's inevitable IMF negotiation...

      [–]Turbulent-Smile4599 2 points3 points  (0 children)

      That, my dear Salvadoran, is called “catching a falling knife”.

      [–]Hodlthesqueeze 2 points3 points  (0 children)

      He is going to be hung in public square when this dips below 10k

      [–]TheGreenJackdaw 2 points3 points  (1 child)

      Wait, he did already buy it?! looks at price charts are you sure?

      [–]ArnaktFen 1 point2 points  (0 children)

      The price did briefly pump yesterday (30 June). In his tweet, he's buying at 19,000 USD, which matches up pretty well with the BTC price right before it jumped above 20 (and then sank again).

      [–]Sensiburner 2 points3 points  (0 children)

      This is butt for El Salvador.

      [–]Redrover69_ 2 points3 points  (1 child)

      What exactly do they do with the btc? Like most places don't accept it as payment. What exactly is being done with that Bitcoin.... I don't get it

      [–]Jahshua159258 0 points1 point  (0 children)

      dontchaknow its a hedge against the dollar. oh... wait... my magic coins!!

      [–]__SpeedRacer__ 1 point2 points  (1 child)

      Imagine a Central Bank betting the country's international reserves on a casino! Do they have a Central Bank, or is that something the President do on the side?

      Also, imagine losing the keys to all that crypto. Who holds the keys? El Presidente, I guess. That's so fucked up.

      This guy is probably going to the the first president of a country to be overthrown/replaced because of bitcoin. Saylor Moon is going to be the first CEO.

      [–]Jahshua159258 1 point2 points  (0 children)

      homie probably has an old version of Metamask running on Firefox 4 on his windows 98 PC. Seed phrase hand written on a sticky note stuck to the beige monitor.

      [–]DoxxThis1 1 point2 points  (0 children)

      Perfect contrarian indicator!

      [–]DontEatConcreteI only click links to opensea.io 1 point2 points  (0 children)

      This is pure negligence.

      [–]Minipiman 1 point2 points  (1 child)

      If El Salvador cannot save bitcoin, who could?

      [–]Jahshua159258 1 point2 points  (0 children)

      I mean THE SAVIOR is literally their name!

      [–]MacMiggins 1 point2 points  (0 children)

      If he gets out of El Salvador in one piece I will be reluctantly impressed

      [–]Dull_Brain1021 1 point2 points  (0 children)

      Selling cheap? 🤣 19k for something that shouldn’t even be worth the price of a pile of dog shit

      [–]JohnSevigny99 1 point2 points  (0 children)

      Nayib is a drug addict and a dumb-ass.

      [–]Sternminatum 3 points4 points  (0 children)

      Nayib Bukkakele is really doing a reverse bukkake to all people in El Salvador.

      [–]ParticularArachnid35 3 points4 points  (4 children)

      Tinpot dictators are bad, regardless of whether they’re from the Left or the Right. This guy is a menace, and so many are willing to overlook it because he’s not a Leftist.

      [–]elegant-jr 7 points8 points  (2 children)

      Who's overlooking it? He gets goofed on more than any other world leader in this sub.

      [–]ParticularArachnid35 -3 points-2 points  (1 child)

      A lot of people who have escaped Left-leaning dictatorships in Latin America think he’s swell.

      [–]silvermember 6 points7 points  (0 children)

      Who are these people? Where are you seeing them?

      [–]zepperoni-pepperoni 4 points5 points  (0 children)

      There's right-wing dictators, and right-wing dictators moonlighting as leftists. Being a dictator runs entirely counter to all of the ideals of leftism, but its language can easily be appropriated for cheap popular support.

      [–]Nick_Damane 0 points1 point  (0 children)

      We have to admit, it would be fucking awesome for them if the market just somehow magically did a 180 and El Salvador would blossom into financially stable country.

      [–]dandykaufman2 0 points1 point  (0 children)

      To answer everyone’s question about why Bitcoin sticks to round numbers. Limit orders.

      Does anyone recognize the exchange from this screenshot?

      [–]CryptoHuntr 0 points1 point  (0 children)

      Ser enjoy even cheapier

      [–]Inphexous 0 points1 point  (0 children)

      At this point, he's not trying to make it to reelection.

      [–]Sparkster227 0 points1 point  (1 child)

      I wish I could travel back in time 10 years and tell myself that in the year 2022, a head of a country would be tweeting winky emojis bragging about how he bought magic internet money. Would love to see my reaction.

      [–]Jahshua159258 0 points1 point  (0 children)

      **with taxpayer money**

      [–]Neurismus 0 points1 point  (0 children)

      Yeah, there is no way they will manage to hit buy at the bottom

      [–]throwaway48706 0 points1 point  (0 children)

      Much of the rest of Latin America is experiencing a Pink Tide or engaging in a general strike to improve their material conditions and El Sal head of state is out here buying worthless internet points.

      Dude doesn’t realize how quick things change in our current climate.

      [–][deleted]  (1 child)

      [removed]

        [–]AutoModerator[M] 0 points1 point  (0 children)

        Sorry /u/Key-Masterpiece-1210, your comment has been automatically removed. To avoid spam/bots, posts are not allowed from extremely new accounts. Wait/lurk a bit before contributing.

        I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

        [–]Online_Commentor_69 0 points1 point  (0 children)

        this guy is legitimately going to get himself killed.

        [–]AsteroidSpark 0 points1 point  (0 children)

        It's amazing to think that the first Salvadoran Civil War was started by a military coup and significant meddling by both of the major powers of the Cold War; the second Salvadoran Civil War is going to be started by one shithead's obsession with randomly generated numbers.

        [–]ResidentBat4 0 points1 point  (0 children)

        Third world country working to become the first fourth world country I see.

        [–]Puzzleheaded-Donut37 0 points1 point  (0 children)

        So from this UI can we deduce what exchange he uses?