If the government loses control of the financial system, we have a fall back

[Ozero]

As Turkish president, Erdogan should urge the country's citizens to use their national currency, the lira, more. This is his duty and the lira will indeed be strengthened in this way. But citizens must also consider their own interests. If the government is not running the country efficiently and the lira is subject to high inflation, it is of course better to seek a safe haven for your cryptocurrency savings. People should not pay for the mistakes of their leaders.

[Wind_FURY]

As Turkish president, Erdogan should urge the country's citizens to use their national currency, the lira, more. This is his duty and the lira will indeed be strengthened in this way. But citizens must also consider their own interests. If the government is not running the country efficiently and the lira is subject to high inflation, it is of course better to seek a safe haven for your cryptocurrency savings. People should not pay for the mistakes of their leaders.

The citizens of Turkey don’t have a choice. They SHOULD use their currency to buy something, because inflation in Turkey will cause the prices of commodities, and services to surge. But never save their money in Lira. Erdogan is scamming his own people.

[Fortify]

President Tayyip Erdogan said on Friday that Turks should keep all their savings in lira and that recent exchange rate volatility was largely under control after the lira weakened sharply in the last two months.

"I want all my citizens to keep their savings in our own money, to run all their business with our own money, and I recommend this," Erdogan said in a speech in Istanbul.

"Let's not forget this: as long as we don't take our own money as a benchmark, we are doomed to sink. The Turkish Lira, our money, that is what we will go forward with. Not with this foreign currency, that foreign currency."

https://www.reuters.com/world/middle-east/erdogan-calls-turks-keep-all-savings-lira-2021-12-31/

Who should be blamed for “that”, President Erdogan? You want everyone to hold the Turkish Lira, while your cabal inflate and deflate the currency according to your “mood”.

Bitcoin is the back up/fall back that we need.

Turkey has a rather unique situation, where the President is going against all the best economic advise being given to him and has replaced numerous (supposedly independent) central bank managers. It's seemingly unfathomable that a leader would so badly undermine their own country in some shallow belief that they can demand that inflation falls, he simply does not accept the painful steps that are required because voters are gradually turning against him. You have much bigger problems than which currency you use if you live in a country like this - short term you'd have been much safer if you had converted your money into US dollars considering the recent fall in the price of Bitcoin.

[savetheFORUM]

As Turkish president, Erdogan should urge the country's citizens to use their national currency, the lira, more. This is his duty and the lira will indeed be strengthened in this way. But citizens must also consider their own interests. If the government is not running the country efficiently and the lira is subject to high inflation, it is of course better to seek a safe haven for your cryptocurrency savings. People should not pay for the mistakes of their leaders.

All his speech for me is not real because he care about the affairs of the people or that of the country, all this because they are afraid that people can have access to what they will not have control over and this what a lot of countries have gone ahead to make crypto illegal. The idea behind it is simple 'control the money and you will control their minds'. I wish people will wake up from their slumber and get this right before it is too late. One thing that should be clear is that crypto  has come to stay and nothing can be done about it.

[wxa7115]

As Turkish president, Erdogan should urge the country's citizens to use their national currency, the lira, more. This is his duty and the lira will indeed be strengthened in this way. But citizens must also consider their own interests. If the government is not running the country efficiently and the lira is subject to high inflation, it is of course better to seek a safe haven for your cryptocurrency savings. People should not pay for the mistakes of their leaders.

The citizens of Turkey don’t have a choice. They SHOULD use their currency to buy something, because inflation in Turkey will cause the prices of commodities, and services to surge. But never save their money in Lira. Erdogan is scamming his own people.

Agreed, maintaining any kind of savings in fiat has always been a bad idea but when the fiat printed by the government in which you reside is going out of control then it makes even less sense to keep any fiat around.

They must use it as soon as they get it so they are not punished by the rampant inflation going around the country, obviously the Government of Turkey then will complain about it but if the government cannot keep their side of the deal, which is to keep their currency stable, then people should not feel obligated to do the same and use whatever they need in order to improve their lives.

[Wind_FURY]

If your statistics chief tells you that inflation is going extremely high at 36%, what should a calm, level-headed head of state do? Push it back to 0% by firing your statistics chief.



Turkish Bitcoiners are hedged.