Bitcoin adaption in Turkey | Bitcointalksearch.org

BitcoinsGreat

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Quote from: Blitzboy on November 17, 2023, 10:51:13 PM

Creating a Bitcoin market in Turkey shows the government's progress. Does it look good? Obtaining legal approval demonstrates positive user acceptance. You're right about digital vs. physical commerce. Users desire choices, therefore flexibility is key. Physical exchanges can comfort some crypto enthusiasts.

This move is the start of a trend. Could other countries do the same thing, maybe by tweaking their laws to make the world a better place for crypto? This could change everything, letting more people accept digital currencies and use them in regular banking. It feels like we're seeing the start of a big change in the way the world's finances work. And hey, users shouldn't have to deal with too much trouble as long as these trades follow the law. You know how important it is to find that perfect balance?

Isn't it the same in Dubai too as they are also crypto-friendly country? I think you will find these crypto exchanges working openly where there are no restrictions in using the crypto and also where the crypto is made legal in the countries. Although not many countries support bitcoin and cryptocurrencies but where these are supported, these physical exchanges can be found there.

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Quote from: Litzki1990 on November 16, 2023, 10:05:17 PM

Quote from: Smack That Ace on November 14, 2023, 08:13:22 AM

Quote from: Litzki1990 on November 14, 2023, 06:13:32 AM

We have to use virtual exchange to buy and sell other currencies including Bitcoin but there are physical shops in Turkey to buy and sell other digital currencies including Bitcoin which is really a joy for Turkish people. Never imagined to see such a physical crypto exchange in Turkey. However, this is good news for crypto people. Since the owner of this physical exchange thought differently and built a physical exchange in Turkey, I believe he will have more success if he can keep his physical crypto exchange. This physical crypto exchange in Turkey will be the center of attraction for most crypto currency users.

But using a physical exchange takes away our privacy, and most bitcoin investors are very concerned about privacy. Even the fact that we use KYC on centralized exchanges makes many people afraid and strongly oppose it. So I don't really know if this is a good thing or not, because as long as you go directly to the physical exchange to buy and sell, it will be much easier for the police or others to track you down. So it can be said that the appearance of these physical shops is not necessarily good news, and not everyone likes it, especially those who value privacy.

Since such a physical exchange has been built in Turkey, I assume that some person or organization may have built such a physical exchange in their country after overcoming all the legal complications. If Bitcoin were illegal in Turkey, the administration would never have allowed such a physical exchange to be built. Since the administration has allowed such physical exchanges to be built, I don't think trading on these exchanges will cause harassment to a user. Besides physical exchange every use has digital exchange if a person feels that physical exchange will not be right for him then he can use digital exchange. However, since such exchanges have been created with the permission of the administration, the transaction should not be a big problem.

Creating a Bitcoin market in Turkey shows the government's progress. Does it look good? Obtaining legal approval demonstrates positive user acceptance. You're right about digital vs. physical commerce. Users desire choices, therefore flexibility is key. Physical exchanges can comfort some crypto enthusiasts.

This move is the start of a trend. Could other countries do the same thing, maybe by tweaking their laws to make the world a better place for crypto? This could change everything, letting more people accept digital currencies and use them in regular banking. It feels like we're seeing the start of a big change in the way the world's finances work. And hey, users shouldn't have to deal with too much trouble as long as these trades follow the law. You know how important it is to find that perfect balance?

legendbtc

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Quote from: Litzki1990 on November 16, 2023, 10:05:17 PM

Quote from: Smack That Ace on November 14, 2023, 08:13:22 AM

Quote from: Litzki1990 on November 14, 2023, 06:13:32 AM

We have to use virtual exchange to buy and sell other currencies including Bitcoin but there are physical shops in Turkey to buy and sell other digital currencies including Bitcoin which is really a joy for Turkish people. Never imagined to see such a physical crypto exchange in Turkey. However, this is good news for crypto people. Since the owner of this physical exchange thought differently and built a physical exchange in Turkey, I believe he will have more success if he can keep his physical crypto exchange. This physical crypto exchange in Turkey will be the center of attraction for most crypto currency users.

But using a physical exchange takes away our privacy, and most bitcoin investors are very concerned about privacy. Even the fact that we use KYC on centralized exchanges makes many people afraid and strongly oppose it. So I don't really know if this is a good thing or not, because as long as you go directly to the physical exchange to buy and sell, it will be much easier for the police or others to track you down. So it can be said that the appearance of these physical shops is not necessarily good news, and not everyone likes it, especially those who value privacy.

Since such a physical exchange has been built in Turkey, I assume that some person or organization may have built such a physical exchange in their country after overcoming all the legal complications. If Bitcoin were illegal in Turkey, the administration would never have allowed such a physical exchange to be built. Since the administration has allowed such physical exchanges to be built, I don't think trading on these exchanges will cause harassment to a user. Besides physical exchange every use has digital exchange if a person feels that physical exchange will not be right for him then he can use digital exchange. However, since such exchanges have been created with the permission of the administration, the transaction should not be a big problem.

Maybe there will be no trouble when we exchange bitcoins at those physical exchanges but the problem is that our privacy will not be private anymore. We will never know what governments will do with cryptocurrencies in the future. They can accept it, or ban it at any time they feel it is disadvantageous for them. So let's not be subjective that if they legalize it, we will be safe when openly using bitcoin. Personally, I would never trade bitcoins in public places even if bitcoins were legal in my country.

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Quote from: Bitcoin_people on November 16, 2023, 10:25:33 PM

What we see here is that it is a crypto exchange shop, where various crypto currencies including Bitcoin are exchanged. However, Turkish people will benefit a lot from exchanging bitcoins here and it is a very good initiative. But this goal is not bad, but no goods are sold here, only virtual currencies are exchanged for local currency. If you want to buy goods with bitcoins, you must go to a store that accepts bitcoins. But in my country bitcoin is a legal offense for which bitcoins are not accepted anywhere, and there are no crypto exchanges and stores.

Turkish people already use big exchanges such as TRBinance and BTCTürk and deposit/withdraw/trade with low fees. Why would anybody want to use these shops and pay high fees? These are built for tourists.
Exchanging any amount of coins you want in a foreign country for the local currency without having to answer to anyone attracts many tourists. They don't mind paying 5-10% commission, unlike local people.

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What we see here is that it is a crypto exchange shop, where various crypto currencies including Bitcoin are exchanged. However, Turkish people will benefit a lot from exchanging bitcoins here and it is a very good initiative. But this goal is not bad, but no goods are sold here, only virtual currencies are exchanged for local currency. If you want to buy goods with bitcoins, you must go to a store that accepts bitcoins. But in my country bitcoin is a legal offense for which bitcoins are not accepted anywhere, and there are no crypto exchanges and stores.

Litzki1990

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Quote from: Smack That Ace on November 14, 2023, 08:13:22 AM

Quote from: Litzki1990 on November 14, 2023, 06:13:32 AM

We have to use virtual exchange to buy and sell other currencies including Bitcoin but there are physical shops in Turkey to buy and sell other digital currencies including Bitcoin which is really a joy for Turkish people. Never imagined to see such a physical crypto exchange in Turkey. However, this is good news for crypto people. Since the owner of this physical exchange thought differently and built a physical exchange in Turkey, I believe he will have more success if he can keep his physical crypto exchange. This physical crypto exchange in Turkey will be the center of attraction for most crypto currency users.

But using a physical exchange takes away our privacy, and most bitcoin investors are very concerned about privacy. Even the fact that we use KYC on centralized exchanges makes many people afraid and strongly oppose it. So I don't really know if this is a good thing or not, because as long as you go directly to the physical exchange to buy and sell, it will be much easier for the police or others to track you down. So it can be said that the appearance of these physical shops is not necessarily good news, and not everyone likes it, especially those who value privacy.

Since such a physical exchange has been built in Turkey, I assume that some person or organization may have built such a physical exchange in their country after overcoming all the legal complications. If Bitcoin were illegal in Turkey, the administration would never have allowed such a physical exchange to be built. Since the administration has allowed such physical exchanges to be built, I don't think trading on these exchanges will cause harassment to a user. Besides physical exchange every use has digital exchange if a person feels that physical exchange will not be right for him then he can use digital exchange. However, since such exchanges have been created with the permission of the administration, the transaction should not be a big problem.

laurenB7742

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Quote from: bayu7adi on November 14, 2023, 08:29:44 AM

Quote from: laurenB7742 on November 14, 2023, 04:07:49 AM

I also see many people claiming that they want to move to countries where bitcoin is legal but I'm skeptical of the people making that claim. I don't believe that just because they want to use bitcoin as currency, they will leave their homeland and relatives to go there. They would never do it but they always talk about it. Furthermore, are our lives so boring that they revolve around bitcoin and nothing else? Would we die without it? Such thoughts only show our lack of maturity rather than receiving everyone's support.

People easily fall in love just because the government allows the use of crypto, without considering other regulations that might make them regret living in that country.

Doesn't anyone notice the transportation chaos in Turkey, with daily traffic jams? Istanbul is even among the most crowded cities globally, so it's no surprise that transportation in Turkey is congested every day.

Moreover, Turkey's neighbors are conflict-prone countries. Although the conflict level in Turkey is low, unforeseen bad things could happen.

The horrifying thing in Turkey is the very high level of violence against women. Some online media data explained that at least in 2020, over 300 women died due to murder. The actual number is likely higher because some cases are covered up as suicides.

Even though Bitcoin is accepted in Turkey, is it ready to accept other harsh realities that exist?

read more
https://www.bbc.com/indonesia/dunia-65773757
https://www.viva.co.id/gaya-hidup/travel/1428497-10-fakta-kehidupan-di-turki-no-9-bikin-geleng-kepala?page=4
https://www.dailysabah.com/turkey/istanbul/istanbul-tops-list-of-cities-with-worst-traffic-congestion
https://en.wikipedia.org/wiki/Femicide_in_Turkey

Not to mention inflation there is in double digits and people's lives there are extremely difficult, I don't think moving to countries with high inflation to live is a wise idea. To me, people who claim to want to move to countries where bitcoin is legal seem to be just trying to lie to please a few forum members rather than actually wanting it. Furthermore, I don't know how it is in other countries, but moving to another country to live in my country is not simple. From differences in language, culture, society... there are too many things that need to be resolved, not just bitcoin.

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Quote from: UmerIdrees on November 12, 2023, 03:57:03 AM

Recently I found a vlog from Turkey where we can see that there are places in Turkey where people can exchange bitcoin and crypto from the shops. just like we can exchange foreign currency with the exchangers. people in Turkey can exchange these from physical shops and it shows that bitcoin is widely accepted in Turkey.

This is fantastic, and I'm glad to see more businesses expressing interest in bitcoin and accepting bitcoin payments and exchange. I've never seen one in my area before, possibly because it's a developing country, but I hope to see people embrace bitcoin soon now that they understand what it is and the advantages it has over other currencies now in use. Establishing of such businesses could also be unlikely if the government rules are not nice or their fee for conversion or payment is higher than the exchange people are more familiar with.

Quote

Being living in the neighbours of Turkey, in the same Asian region, it hurts when I see that our government here wants to declare the use of crypto as illegal and does not think crypto is a good thing. Sometimes I think we need to migrate to a crypto friendly country.

Not everything that glitters is gold. Don't be easily misled that what you see in other parts of the world is genuinely that cool with the people who live there. Why not, now that you're in your place and know your surroundings better than anyone else, search for a method to make your community more crypto-friendly by involving one or two government officials who can help you push through. Life outside the home is not always pleasant if you are not adequately prepared to meet the challenges of the outside world.

kryptqnick

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People pointed out that Bitcoin isn't fully accepted in Turkey and that it's actually illegal to use Bitcoin as a currency, which contrasts with the vlog experience. I've googled it, and it does seem to be prohibited to use Bitcoin as a form of payment in Turkey.
I don't speak Turkish, unfortunately, but it seems to me that the vlog is about a possibility to exchange Bitcoin for local fiat, right? That's not the same as using it as a form of payment.
Another explanation might be that it's not technically legal, but the law isn't enforced. It's like that in some countries which are a bit less formal and more chaotic. In my country, it's like that with piracy of movies and TV shows, for example. Is that illegal? Yes, absolutely. But some people don't even know it's illegal because that law is never enforced, there's zero actual risk of doing that, and the practice is very widespread.

bayu7adi

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Quote from: laurenB7742 on November 14, 2023, 04:07:49 AM

I also see many people claiming that they want to move to countries where bitcoin is legal but I'm skeptical of the people making that claim. I don't believe that just because they want to use bitcoin as currency, they will leave their homeland and relatives to go there. They would never do it but they always talk about it. Furthermore, are our lives so boring that they revolve around bitcoin and nothing else? Would we die without it? Such thoughts only show our lack of maturity rather than receiving everyone's support.

People easily fall in love just because the government allows the use of crypto, without considering other regulations that might make them regret living in that country.

Doesn't anyone notice the transportation chaos in Turkey, with daily traffic jams? Istanbul is even among the most crowded cities globally, so it's no surprise that transportation in Turkey is congested every day.

Moreover, Turkey's neighbors are conflict-prone countries. Although the conflict level in Turkey is low, unforeseen bad things could happen.

The horrifying thing in Turkey is the very high level of violence against women. Some online media data explained that at least in 2020, over 300 women died due to murder. The actual number is likely higher because some cases are covered up as suicides.

Even though Bitcoin is accepted in Turkey, is it ready to accept other harsh realities that exist?

read more
https://www.bbc.com/indonesia/dunia-65773757
https://www.viva.co.id/gaya-hidup/travel/1428497-10-fakta-kehidupan-di-turki-no-9-bikin-geleng-kepala?page=4
https://www.dailysabah.com/turkey/istanbul/istanbul-tops-list-of-cities-with-worst-traffic-congestion
https://en.wikipedia.org/wiki/Femicide_in_Turkey

HelliumZ

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Bitcoin is a universally accepted currency but not all countries in the world recognize Bitcoin equally. Different countries of the world have recognized it in the parliament but it does not give acceptance among the public. There are some countries that work for public acceptance and adaptation in addition to recognition in parliament. Bitcoin acceptance in Turkestan is truly one such universalAcceptable steps have been taken that other countries of the world, especially the predominantly Muslim country of Turkey, will see the acceptance of Bitcoin, which will remove anti-Bitcoin attitude among them. Hope we Muslims don't have a hostile attitude among ourselves about the use and acceptance of Bitcoin.

Smack That Ace

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Quote from: Litzki1990 on November 14, 2023, 06:13:32 AM

We have to use virtual exchange to buy and sell other currencies including Bitcoin but there are physical shops in Turkey to buy and sell other digital currencies including Bitcoin which is really a joy for Turkish people. Never imagined to see such a physical crypto exchange in Turkey. However, this is good news for crypto people. Since the owner of this physical exchange thought differently and built a physical exchange in Turkey, I believe he will have more success if he can keep his physical crypto exchange. This physical crypto exchange in Turkey will be the center of attraction for most crypto currency users.

But using a physical exchange takes away our privacy, and most bitcoin investors are very concerned about privacy. Even the fact that we use KYC on centralized exchanges makes many people afraid and strongly oppose it. So I don't really know if this is a good thing or not, because as long as you go directly to the physical exchange to buy and sell, it will be much easier for the police or others to track you down. So it can be said that the appearance of these physical shops is not necessarily good news, and not everyone likes it, especially those who value privacy.

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Found a crypto exchange in a country and drawing a conclusion that crypto is widely accepted in that country is very wrong. The main reason why there is a crypto exchange in a country is because crypto is not a legal tender, no one should use it as a payment method, that's why the crypto exchange exist, if you can directly shop with crypto then crypto exchange is not needed. And I believe that's the case for Turkey as well, it's illegal to use crypto as payment, therefore you need to exchange it into local fiat / Turkish Lira to make payment.

Litzki1990

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We have to use virtual exchange to buy and sell other currencies including Bitcoin but there are physical shops in Turkey to buy and sell other digital currencies including Bitcoin which is really a joy for Turkish people. Never imagined to see such a physical crypto exchange in Turkey. However, this is good news for crypto people. Since the owner of this physical exchange thought differently and built a physical exchange in Turkey, I believe he will have more success if he can keep his physical crypto exchange. This physical crypto exchange in Turkey will be the center of attraction for most crypto currency users.

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Quote from: naira on November 14, 2023, 12:09:37 AM

Quote from: UmerIdrees on November 12, 2023, 03:57:03 AM

Being living in the neighbours of Turkey, in the same Asian region, it hurts when I see that our government here wants to declare the use of crypto as illegal and does not think crypto is a good thing. Sometimes I think we need to migrate to a crypto friendly country.

It seems like you don't really consider this, if you feel like you're moving to another place just to pursue one obsession then you won't be able to survive any longer. Talking about the government and its support for the crypto industry is better than banning it. There is no need to rush because the government's decision will involve many things, not just acceptance. The state must have control over economic growth. Apart from that, I will not make the decision to move elsewhere if in my country the adoption of crypto and Bitcoin is legalized, I mean legal as a commodity asset on par with other investment assets is considered enough rather than nothing. I understand your goal of wanting to see every country open and accepting Bitcoin payments like Elsavador, but every country has various economic problems, basic needs that need to be fixed immediately. It's not focused on just one achievement, so I'm not sure you want to move to another country just to enjoy transactions using Bitcoin alone. Surviving means you will be exposed to many new things and very different habits such as where you live, rules, adaptation, dealing with citizenship transfers, etc.

Why not just go on holiday to a place that accepts Bitcoin payments and enjoy it.

I also see many people claiming that they want to move to countries where bitcoin is legal but I'm skeptical of the people making that claim. I don't believe that just because they want to use bitcoin as currency, they will leave their homeland and relatives to go there. They would never do it but they always talk about it. Furthermore, are our lives so boring that they revolve around bitcoin and nothing else? Would we die without it? Such thoughts only show our lack of maturity rather than receiving everyone's support.

You are right, each country will have different economic problems, we cannot expect our country to be the same as other countries. Furthermore, if we believe in the future of bitcoin, we just need to wait because I believe. Sooner or later, all countries will have to accept bitcoin, bitcoin is inevitable.

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Quote from: UmerIdrees on November 12, 2023, 03:57:03 AM

Being living in the neighbours of Turkey, in the same Asian region, it hurts when I see that our government here wants to declare the use of crypto as illegal and does not think crypto is a good thing. Sometimes I think we need to migrate to a crypto friendly country.

I get your point. Yes, it's good for people who use bitcoin or any other crypto currency to move to a country where crypto currency is being accepted or adopted, but of course that's not easy. Migrating to another country requires a lot of things to consider, like the living costs, etc. And I think saying that the whole country is adopting crypto is not only part of the turkey country; it depends on the businesses and establishments, but of course we are grateful that we see something like this; this makes us proud to be part of an advanced community and technology.

I too want a crypto-friendly country, but it's much more rewarding if it's from our own country or home country. We dreamed of it, and like that, many people adopt and use bitcoin or crypto currency because it means that we are close to a more advanced technology when it comes to currency.

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Quote from: UmerIdrees on November 12, 2023, 03:57:03 AM

Recently I found a vlog from Turkey where we can see that there are places in Turkey where people can exchange bitcoin and crypto from the shops. just like we can exchange foreign currency with the exchangers. people in Turkey can exchange these from physical shops and it shows that bitcoin is widely accepted in Turkey.

Being living in the neighbours of Turkey, in the same Asian region, it hurts when I see that our government here wants to declare the use of crypto as illegal and does not think crypto is a good thing. Sometimes I think we need to migrate to a crypto friendly country.

They operate similarly to currency exchange offices. You can convert your Bitcoins into TL, dollars and euros for a certain commission. Cryptocurrency use is quite common in Turkey, but there are no laws regarding shopping.

As in many countries, there is no harm in buying and selling Bitcoin in Turkey. There are many local cryptocurrency exchanges. I don't think there will be a ban on this situation.

I would like to see the day when it will be possible to shop with Bitcoin after the necessary laws or regulations are determined. I hope it will happen.

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Quote from: UmerIdrees on November 12, 2023, 03:57:03 AM

Being living in the neighbours of Turkey, in the same Asian region, it hurts when I see that our government here wants to declare the use of crypto as illegal and does not think crypto is a good thing. Sometimes I think we need to migrate to a crypto friendly country.

It seems like you don't really consider this, if you feel like you're moving to another place just to pursue one obsession then you won't be able to survive any longer. Talking about the government and its support for the crypto industry is better than banning it. There is no need to rush because the government's decision will involve many things, not just acceptance. The state must have control over economic growth. Apart from that, I will not make the decision to move elsewhere if in my country the adoption of crypto and Bitcoin is legalized, I mean legal as a commodity asset on par with other investment assets is considered enough rather than nothing. I understand your goal of wanting to see every country open and accepting Bitcoin payments like Elsavador, but every country has various economic problems, basic needs that need to be fixed immediately. It's not focused on just one achievement, so I'm not sure you want to move to another country just to enjoy transactions using Bitcoin alone. Surviving means you will be exposed to many new things and very different habits such as where you live, rules, adaptation, dealing with citizenship transfers, etc.

Why not just go on holiday to a place that accepts Bitcoin payments and enjoy it.

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Quote from: Fiatless on November 12, 2023, 11:25:47 PM

Quote from: tranthidung on November 12, 2023, 09:32:40 AM

Turkey is very cryptocurrency friendly and it has good Crypto Adoption Index according to The 2023 Global Crypto Adoption Index: Central & Southern Asia Are Leading the Way in Grassroots Crypto Adoption.

Most of these indexes published by many of these research organizations like chainanalysis might be lopsided or faulty because they use data from exchanges and web traffic which cannot be reliable means of data collection and analysis. However, I do not doubt that Turkey might have a high population of crypto users because of inflation and depreciation of the Lira. As of 2018 one Lira was equal to 4.5 dollars but today it is $28.5. So it's normal for citizens to seek other means of protecting their money from loss of value.

However, the main indicator to check the friendliness of a country towards cryptocurrency is government policies. If the government bans or restricts its use most people will never want to get involved in it because of the fear of persecution or even imprisonment. Unfavorable government policies will limit the investment and development of the sector.

If you don't think these data and analyzes are unreliable, then what do you base your belief that Turkey has a high number of cryptocurrency users? Maybe that data and analysis is not 100% accurate, but it also accurately reflects what is happening in Turkiye.
With a high inflation rate of up to 83%, their currency was severely devalued and the government could not come up with any effective solution to stop inflation. It is natural for people to look for solutions to save themselves. Furthermore, other than cryptocurrencies, I don't see any effective solutions for people living in countries with high inflation.

If the government cannot control inflation and cannot help people's lives, then they have no right to prohibit anyone from trying to find their own way out of suffering. I believe that even if the government issues a ban, it will not stop people from participating in cryptocurrency because it is a way for them to save themselves.

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Turkey is one of the countries that trade bitcoin at heavy
"It is estimated that over 4.6 million people, 5.5% of Turkey’s total population, currently own cryptocurrency.

Crypto Market Sentiment in Turkey
At times the Turkish lira has, in fact, proved to be more volatile than bitcoin. Turkey’s inflation rate recently surpassed 83%(3), a 24-year high. Moreover, salaries often do not keep up with inflation, meaning earners have decreasing purchasing power.

As such, many see crypto as a refuge from Turkey’s sky-high inflation and the steep devaluation of the lira. For a culture used to investment alternatives like U.S. dollars or gold, it is not hard for the Turkish population to trust another alternative, which is crypto.

The daily trading volume of Turkey’s first cryptocurrency platform BtcTurk reached around $424.3 million in May 2022, according to CoinGecko data, while another local Turkish platform, Paribu, had a trading volume of $203.5 million. Global exchanges like Binance and Coinbase also operate in Turkey. " - https://triple-a.io/crypto-ownership-turkey-2022/

So no wonder the bitcoin adaption is crazy there in fact 5% of total population is a lot in my opinion you know what sooner or later bitcoin is gain the popularity all over the world

Topic: Bitcoin adaption in Turkey (Read 523 times)