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Author Topic: Bitcoin Investors Eye Turkey As Lira Plummets 20%  (Read 192 times)
ricatop
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August 19, 2018, 12:22:51 PM
 #41

this is an opportunity for the capital of Turkish investors to come to us in the crypto currency, I see this as such an opportunity

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salinaangel
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August 19, 2018, 12:30:47 PM
 #42

Bitcoin exchanges are not popular in all countries but Turkey has met with crisis with it exchanges there many countries where bitcoin is ban already.
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August 19, 2018, 02:03:15 PM
 #43

Well first of all, you have one information wrong here. BTC is not banned in Iran. The ban was actually placed on the banks.
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August 19, 2018, 04:11:48 PM
 #44

Although there are no centralized currency exchanges in Iran. And I guess Bitcoin is not banned in Iran. So, the people in this country has to trade with peer to peer trading with other countries.
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August 19, 2018, 04:17:15 PM
 #45

Bitcoin and cryptocurrency trading volume on Turkey's exchanges has surged over recent days as the country battles to contain a currency crisis that looks set to continue into this week.
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August 21, 2018, 10:34:31 AM
 #46

There is no commercial focus in Iran for individuals to trade in so they need to use exchange barter or outside of the national people and they did it until the year, and I guess Bitcoin Not banned in Iran. Electronic currency on the Turkish trading floor has increased sharply in recent days
aleksej.rozhkov
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August 21, 2018, 06:10:34 PM
 #47

it is very bad that in Turkey there was such a sharp drop in their currency! many people began to buy bitcoin to save their money! from this and the capitalization of bitcoins for the last week has grown! the more people will invest in crypto currency, the faster it will start growing up!
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August 21, 2018, 07:24:24 PM
 #48


An escalating dispute with U.S. President Donald Trump over tariffs on Turkish steel and aluminum and concerns about the health of the Turkish economy meant the Turkish lira lost a fifth of its value against the dollar last week, pushing it to record lows and down around 45% so far this year.

And the Turkish lira has continued to slide despite the country’s finance minister promising to implement a market-calming plan on Monday.

Finance Minister Berat Albayrak said in a Sunday interview with local media outlet Hurriyet that Turkish institutions will take "necessary steps", though Reuters reports few specifics were provided.

Albayrak's comments come hours after Turkey's President Recep Tayyip Erdogan railed against high interest rates and described the plunge in the country’s currency as a foreign "operation".

Erdogan also called on Turkish citizens to exchange any dollars, euros or gold they own for the lira to prop it up, according to media reports.

Now Turkey risks a Venezuela-style move towards bitcoin and cryptocurrency if people lose faith in its currency.


I have not even seen this article before my earlier comment on the issue with Venezuelan devaluation of its currency by as much as 95% to its crypto currency and some people are heaping blames on the president to have been responsible without recognising the influence of foreign governments in a Nation's economy and bending to their rules will always come at a cost in the home country which mostly leave the country's political class to start exploring some not popular choices imagine imploring citizens to start exchange any foreign currency they own in other to boost the value of the local currency but how far would that and how much effect would that make considering the fact that citizens cannot be forced to consider that option without invading on their rights as guaranteed by the constitution.

it is very bad that in Turkey there was such a sharp drop in their currency! many people began to buy bitcoin to save their money! from this and the capitalization of bitcoins for the last week has grown! the more people will invest in crypto currency, the faster it will start growing up!

It really a bad thing though but I don't see investing in bitcoin as a solution because it still does not remove the fact that Lira goes beyond currency, its their identity and the majority of the people who don't have the means to invest in bitcoin would have to suffer for it. What needs to be done is for everyone to put hands together while the political class be willing to compromise reasonable for the benefit of the masses.

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rabia_laskor
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August 22, 2018, 06:15:23 AM
 #49

During this time people's interest in Bitcoin will increase because Bitcoin is the most profitable and potential. Although the Bitcoin price has come down it will be very quick to surpass. So the investment here will be increased.
Veterock
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August 22, 2018, 12:21:23 PM
 #50

Unfortunately, or fortunately, lira has already lost 40 percent of its value) This will only increase interest in bitcoin
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August 22, 2018, 03:04:31 PM
 #51

An example is indicative. As soon as the crisis is poaching stability, a new tool is needed. The bitcoin can help not only in preserving, but also increasing the economy.
Bumblecoin
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August 22, 2018, 03:10:43 PM
 #52

The turkish lira has lost tremendous value in recent days. I think this decline will continue for a while. in this case it makes more sense to get dollars for investors in Turkey.
So this is the start of the rule of bitcoin in Turkey.  More and more people are attracted to this since it is really a remarkable one. This can help the country's economy.
Leonardo7
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August 22, 2018, 04:14:52 PM
 #53

I love what the Turkish are doing, the government fraudulent system failing you, what the hell! got to turn over to some real-life values like bitcoin. If  Erdogan the President of Turkey could be appealing to his people to help save their local currency, then I smell a financial crisis. Truth be said : I think Erdogan ought to have relinquished power.

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