Bitcoin Forum

Blog URL:  https://xrpcommunity.blog/xrps-standing-fiat-money-versus-cryptocurrency/ (https://xrpcommunity.blog/xrps-standing-fiat-money-versus-cryptocurrency/)
   
   
Are you wondering what impact Turkey is having on Crypto?
   
What about the 𝐟𝐨𝐮𝐫 new ICO-funded exchanges due to open in August that support XRP?
   
All this and the latest crypto news impacting XRP is covered in my latest blog today, as well as some important XRP Community updates. 
   
I hope you enjoy this latest blog entry; please leave any feedback below. 
   
Thanks & Sincerely,
-Hodor


On Twitter:  https://twitter.com/Hodor7777/status/1029331512834109440 (https://twitter.com/Hodor7777/status/1029331512834109440)

Nowadays Turkish Lira is falling is price than before when they reject the dollar this situation also getting worse based on this people is in panic what will happen in future.

In your article you ask the question of sudden loss of purchasing power that fiat currencies occasionally suffer. I guess that's what you call hyperinflation. Maybe it won't happen in the US, at least not suddenly, but there are other countries where this situation has already happened. Turkey is certainly in the danger zone now. Cryptocurrencies could come to the rescue. So I'm not surprised of the volume growth of the Turkish crypto exchanges.

I think that bitcoin help people to earn some financial growth and if a country like turkey begin to look at the financial benefit, I think is a nice way out.


Rejecting the dollar means definitely that trade will depreciate because most countries have dollar as internationally recognized means of payment. Although, some times pounds or euro can be used in European countries but outside Europe, is mainly dollar.

The people are already on their edge with the recent drops in the prices. And the recent news about Turkey has made people more agitated. getting the proper info about it will be helpful.

We are all agitated with the recent news that has been going on up and about the Turkish market. On top of that, all the news are still in pieces. So, it will be great to have the accurate news on it.

I have started slowly purchasing XRP.  I bought my position on that dip under .30 2 days ago.  Looking to buy more if we get back to that price.  I wish there was a better wallet situation for Ripple however the toastwallet is good enough for now. 

Saw Chief Marketing Strategist from Ripple speak recently... not the most encouraging guy. Had a lot of negative things to say about Bitcoin and every other cryptocurrency that isn't XRP. Totally goes against crypto fundamentals.

The article is too long and I have read a portion of it and seemed interesting. The recent crisis of lira in turkey has seen people buying into crypto thus increasing the volumes on exchanges nearly double. As for XRP, many are doubtful that it’s even a cryptocurrency and I heard that its founders hold more than 50% of the tokens. But XRP used as the medium if conversion in an exchange will surely increase its value.

Lira is losing its price which is really frustrating for Turkish people they are in trouble and frustrated based on this they can invest here with Dollar which may helpful for them.

Hyperinflation is a matter of concern in the Turkish economic system. This may be due to a number of reasons including the central banks unwillingness to raise interest rate, a doubling of tariff from US and a morning debt. Ripple has always aimed to rain in all over the world rather than a specific country.

This is beginning to gain more audience,most especially the Turkish market. I think there should be more and definite updates, so that the info will be well conveyed.

As a Cryptocurrency investor I am very happy. It is not too far away on the day that Cryptocurrency will be accepted as the main currency worldwide beside Fiat currency.

In turkey crypto should fall good effects on it's current finance. And this blog will show approproate situation of turkey with crypto.

Good news for the cryptopeople and for crypto industries. This will bring a huge potential for investors and others. There will be more good news in the next time about this big digital market.

To get benefit from investing in cryptocurrency, always have the right and latest information about this market system, hopefully your post will be useful to all of us.

Worth a collection of news. Hope that helps to understand that Cryptocurrency is future, the future that can change the world. Fiat currency will slowly be merged with cryptos and giant currencies like BTC will rule the market then.

Having ICO fully operated via XRP support was inevitable though, while any good innovative ICOs are welcome I'm not sure what the success rate of those ICOs will be given the current XRP market state.

If the project collaborate the cryptocurrency and fiat system I believe it is dangerous for the people want to be anonymous so please ignore the project which is having that kind of things on this cryptocurrencies market.

When you are looking to have the fund please stick with the centralized crypto currency market to boom up yourself.

Well in the world right now we make use of fiat money for Daily transactions but I feel not too long in the future the world would be taken over by cryptocurrency and it would be wonderful

Fiat money has government approval. On the other hand, cryptocurrency dies. But it doesn't effect on its trading or values. On fiat money the value is up to the relationship between the dealers so both are different and useful in their own ways it's up to us which one we prefer.

I think cryptocurrencies *are* coming to the rescue for many in parts of the world affected by political - and economic - conflict. 

Thank you for the comment!

Because the market is now Bearish, it's very difficult to make coins rise in price.
Almost all of the world when the ICO arrived on January 2018 to August 2018 all failed.

In the Q3 2018 XRP Markets Report, the company reports that it sold $ 163.33 million in XRP in the third quarter, more than double the $ 73.53 million sold in the previous quarter.

Sales volume in the third quarter represented 0.172% of the total volume of XRP tokens traded globally, while in the second quarter this number was 0.125. In the third quarter, Ripple released 3 billion - 1 billion per month - of XRP without escrow, equaling the same number released in the second quarter. Ripple states in the report that the remaining 400 million XRPs that have not returned to the depot are being used in different ways to support the ecosystem.

I advise you to start getting used to cryptocurrencies, because cryptocurrency in the near future will bring you serious opportunities that cannot be in fiat money, this is a normal situation for cryptocurrencies