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Author Topic: Turkey’s economic crisis can trigger the next crypto bull run  (Read 453 times)
katrimans
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September 04, 2018, 07:45:26 AM
 #81

Economical crisis in general are like a pulled trigger that impacts the economy. There might be a bigger activity in the currencies because of it. To trigger the next bull? Hmm not sure.


Triggering the next bull run for crypto will require more than just Turkey's economic crisis. Moreover, it is not like overnight, Turkish citizens will just start pulling all their funds and putting it into crypto without understanding how volatile and risky the space can be which would make them preferably choose a traditional asset that has been used over the years like gold and silver. Practically few of the crypto enthusiasts may want to see the space as an avenue to hold on to, but that would take a lot of understanding.

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September 06, 2018, 11:41:44 AM
 #82

This is why we should always be putting money in the cryptocurrency and we should invest regularly in cryptocurrency because this is the next big thing and if there will be a crisis in the world like a financial crisis again then it will boost the progress of the cryptocurrencies to increase their prices to the highest potential and only the old investors will enjoy the benefits.
Yeah! A time will come when people will start seeing why it is necessary to invest in this space. A lot of the institutions already know the potentials available in this market, but they sure won’t want that much attention until they are able to hold enough of it for the long run.

It is a good thing for those who are seeing the importance of being in this market and not just because of the long term profit, but because it stands a chance to be utilized as a means of storing value which was even brought about in the first place due to the past economic crisis repeating itself.

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September 10, 2018, 07:15:02 AM
 #83

The country of Turkey is too small in economic terms to trigger the next cryptocurrencies bull run, if the crisis is big enough in Turkey it is is entirely possible that we are going to see something similar to what is happening in Venezuela, in which people are using cryptocurrencies to avoid the inflation caused by printing too much currency, the only way we're going to get a bull run out of the economic crisis of a single country is if that happened in the United States.
Although I do not have enough knowledge about turkey economic condition but I think that still in turkey the bitcoin users may not be too much who which can boost the bitcoin price. I hope that I their government will take some decision about it then it may be possible.
No matter what, one country cannot simply just turn the outcome of a market around since we are talking global here. Sure, there are some places where adoption may be huge and could slightly have some effect, but I do not think turkey can really bring about such a drastic change no matter how the citizens see the need to pull out from fiat into crypto due to the economic crisis.

It is a start anyway as that would show the rate at which people gets to see the space as a safe haven from all the bullshit rubbed on them by their government.
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September 12, 2018, 06:06:34 AM
 #84

This is why we should always be putting money in the cryptocurrency and we should invest regularly in cryptocurrency because this is the next big thing and if there will be a crisis in the world like a financial crisis again then it will boost the progress of the cryptocurrencies to increase their prices to the highest potential and only the old investors will enjoy the benefits.
Yeah! A time will come when people will start seeing why it is necessary to invest in this space. A lot of the institutions already know the potentials available in this market, but they sure won’t want that much attention until they are able to hold enough of it for the long run.

It is a good thing for those who are seeing the importance of being in this market and not just because of the long term profit, but because it stands a chance to be utilized as a means of storing value which was even brought about in the first place due to the past economic crisis repeating itself.
Irrespective of what the media-biased and influenced by the rich- let you see; one should do their own research as well and should explore the ground realities as well. Though the US has doubled the tariff on the steel exports, the Turkey has also minimized the imports of electronics from US and this is exactly the same move by the Turkey.

Intervention of the Qatar oil rich company and its investment in the Turkey helped the struggling country recover and looks like they are not so much affected.

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September 12, 2018, 06:39:04 AM
 #85

Economical crisis in general are like a pulled trigger that impacts the economy. There might be a bigger activity in the currencies because of it. To trigger the next bull? Hmm not sure.


Triggering the next bull run for crypto will require more than just Turkey's economic crisis. Moreover, it is not like overnight, Turkish citizens will just start pulling all their funds and putting it into crypto without understanding how volatile and risky the space can be which would make them preferably choose a traditional asset that has been used over the years like gold and silver. Practically few of the crypto enthusiasts may want to see the space as an avenue to hold on to, but that would take a lot of understanding.

Indeed, since cryptocurrency market is huge enough to cover one country to ove it. There should be a worldide trend and demand to trigger it. Though one country can help, but the more the merrier is always welcome and it should be.

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September 12, 2018, 06:48:24 AM
 #86

Turkey get crisis but is not connection with bitcoin, the turkey crisis it happen because the rule of american state and their government do not have good connection each other and it why the crisis of economic in Turkey. I don’t see it have great effect for bitcoin price at the future.

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